Micro Economics & Applications – I [BBE Sem 1]

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Lectures are as per latest syllabus for 2020-2021 batch

Course Content

Unit I

Chapter 1 : Economic Issues & Concepts [41 Minutes]

Based Upon Lipsey & Crystal Chapter 1

1.1 Resources & Scarcity  [15 Minutes]

1.2 Opportunity Cost  [7 Minutes]

1.3 Production Possibility Curve  [19 Minutes]

Chapter 2 : How Economists Work [43 Minutes]

Based Upon Lipsey & Crystal Chapter 2

2.1 Positive & Normative Statements [8 Minutes]

2.2 Economic Theory [35 Minutes]

Chapter 3 : Market Forces [112 Minutes]

Based Upon Mankiw Chapter 4

3.1 Demand  [49 Minutes]

3.2 Supply  [40 Minutes]

3.3 Equilibrium Point  [23 Minutes]

Chapter 5 : Consumer Surplus [28 Minutes]

Based Upon Browning & Zupan Chapter 4

5.1 Consumer Surplus  [28 Minutes]

Unit II

Chapter 11 : Revealed Preference [111 Minutes]

Based Upon Hal Varian Chapter 7

11.1 Revealed Preference  [79 Minutes]

11.2 Numericals  [32 Minutes]

Unit III

Chapter 13 : Production [172 Minutes]

Based Upon Pindyck Chapter 5

13.1 Production  [43 Minutes]

13.2 Production  [30 Minutes]

13.3 Production Function  [60 Minutes]

13.4 Returns to Scale  [39 Minutes]

Unit IV

Chapter 14 : Cost of Production [478 Minutes]

Based Upon Pindyck Chapter 6

14.1 Cost Functions  [40 Minutes]

14.2 Cost Functions  [30 Minutes]

14.3 Cost in the Long Run  [35 Minutes]

14.4 Economies of Scale  [35 Minutes]

Unit V

Chapter 15 : Perfect Competition [131 Minutes]

Based Upon Pindyck Chapter 7

15.1 Perfect Competition [44 Minutes]

15.2 Short Run Supply [7 Minutes]

15.3 Long Run Equilibrium [44 Minutes]

15.4 Long Run Industry Supply [36 Minutes]

Chapter 16 : Revealed Preference [205 Minutes]

Based Upon Pindyck Chapter 9

16.1 Monopoly [77 Minutes]

16.2 Inverse Elasticity Rule  [25 Minutes]

16.3 Sources of Monopoly Power [25 Minutes]

16.4 DWL of Monopoly [65 Minutes]

16.5 Competition Vs Monopoly [13 Minutes]

Chapter 17 : Pricing with Market Power [121 Minutes]

Based Upon Pindyck Chapter 10

17.1 Price Discrimination [87 Minutes]

17.2 Two Part Tariff [34 Minutes]

Chapter 18 : Monopolistic Competition [60 Minutes]

Based Upon Pindyck Chapter 11

18.1 Monopolistic Competition [48 Minutes]

18.2 Monopolistic Vs Perfect Competition  [12 Minutes]