WEEK 6 : WELFARE ECONOMICS AND THEORY OF DISTRIBUTION : GENERAL ECONOMICS PAPER I : INDIAN ECONOMIC SERVICES
This week, I have not been able to upload videos, as my father was hospitalised. He is fine now. I created some lessons but did not get time to upload them. Anyhow, my speed, which I pulled up last to last week, was halted a little due to these unforeseen circumstances previous week. I planned to complete, Welfare economics and Theory of Distribution by last week only, but could not do so. I will try to do them as soon as possible.
This week I made a little dent on Theory of Distribution and Game Theory and made notes and recorded them, on the following topics.
Ricardian Theory of Rent

Quasi Rent, Transfer Earning, Economic Rent

Compensation Principle: Hicks Compensation Principle and Kaldor

Neoclassical Theory of Distribution: Marginal Productivity Theory

Product Exhaustion Theorem and Adding up Controversy

Game Theory Concepts: Dominant Strategy Equilibrium and Nash Equilibrium

Repeated Games, Sequential Games, Normal form games

Mixed Strategy EquilibriumÂ

For any queries regarding the course, kindly call up or mail us
Happy Studying
Nishant
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