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Chapter-4-Price-Control
**Demo Mock Test**

**Course Content of our Video Lectures**

**Chapter 1 : Introduction [171 Minutes]**

**Number of Lectures 8 Lectures**

**Total Duration 171 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Scarcity, Opportunity Cost Circular Flow, **

**► Scarcity, Opportunity Cost Circular Flow,**

**► Production Possibility Curve, Gains from trade, Positive & Normative Economics, **

**► Production Possibility Curve, Gains from trade, Positive & Normative Economics,**

**Chapter 2 : Demand & Supply [122 Minutes]**

**Number of Lectures 3 Lectures**

**Total Duration 122 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Demand, Law of Demand, Factors Affecting demand, **

**► Demand, Law of Demand, Factors Affecting demand,**

**► Supply, Law of Supply, Factors affecting supply, **

**► Supply, Law of Supply, Factors affecting supply,**

**► Market Equilibrium, **

**► Market Equilibrium,**

**Chapter 3 : Elasticity of Demand & Supply [133 Minutes]**

**Number of Lectures 3 Lectures**

**Total Duration 133 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Price Elasticity of Demand, Income Elasticity of Demand, Cross Elasticity of Demand, **

**► Price Elasticity of Demand, Income Elasticity of Demand, Cross Elasticity of Demand,**

**► Elasticity of Supply, **

**► Elasticity of Supply,**

**Chapter 4 : Price Control [56 Minutes]**

**Number of Lectures 2 Lectures**

**Total Duration 56 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Price Ceiling, **

**► Price Ceiling,**

**► Price Floor, **

**► Price Floor,**

**Chapter 5 : Consumer & Producer Surplus [66 Minutes]**

**Number of Lectures 2 Lectures**

**Total Duration 66 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Consumer Surplus, **

**► Consumer Surplus,**

**► Producer Surplus, **

**► Producer Surplus,**

**► Effect of Elasticity of Demand & Supply on Consumer and Producer Surplus, **

**► Effect of Elasticity of Demand & Supply on Consumer and Producer Surplus,**

**Chapter 6 : Tax Incidence [148 Minutes]**

**Number of Lectures 4 Lectures**

**Total Duration 148 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Tax on Buyers, Tax on Sellers, **

**► Tax on Buyers, Tax on Sellers,**

**► Deadweight Loss of Taxation, **

**► Deadweight Loss of Taxation,**

**Chapter 7 : Budget Constraint [218 Minutes]**

**Number of Lectures 7 Lectures**

**Total Duration 218 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Budget Constraint, Shift & Pivot in the Budget Line, **

**► Budget Constraint, Shift & Pivot in the Budget Line,**

**► Kink in the Budget Line, Rationing, **

**► Kink in the Budget Line, Rationing,**

**Chapter 8 : Consumer Preference [148 Minutes]**

**Number of Lectures 5 Lectures**

**Total Duration 148 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Consumer Preferences, Indifference Curves, **

**► Consumer Preferences, Indifference Curves,**

**► Goods, Bads & Neuters, **

**► Goods, Bads & Neuters,**

**► Well Behaved Preferences, **

**► Well Behaved Preferences,**

**► Lexicographic Preferences, **

**► Lexicographic Preferences,**

**Chapter 9 : Utility Functions [169 Minutes]**

**Number of Lectures 5 Lectures**

**Total Duration 169 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Utility Introduction, **

**► Utility Introduction,**

**► Utility Functions, Monotonic Transformation, **

**► Utility Functions, Monotonic Transformation,**

**► Marginal Utility, **

**► Marginal Utility,**

**► Marginal Rate of Transformation, **

**► Marginal Rate of Transformation,**

**Chapter 10 : Consumer’s Equilibrium [319 Minutes]**

**Number of Lectures 8 Lectures**

**Total Duration 319 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Consumer’s Equilibrium, **

**► Consumer’s Equilibrium,**

**► Tangency & Consumer Equilibrium, **

**► Tangency & Consumer Equilibrium,**

**► Consumer Equilibrium for Various Utility Functions, **

**► Consumer Equilibrium for Various Utility Functions,**

**Chapter 11 : Income Effect & Price Effect [268 Minutes]**

**Number of Lectures 3 Lectures**

**Total Duration 268 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Income Effect, Income Offer Curve, Engel Curve, **

**► Income Effect, Income Offer Curve, Engel Curve,**

**► Price Effect, Price Offer Curve, Demand Curve, **

**► Price Effect, Price Offer Curve, Demand Curve,**

**► Inferior Goods, Giffen Goods, **

**► Inferior Goods, Giffen Goods,**

**Chapter 12 : Revealed Preferences [139 Minutes]**

**Number of Lectures 3 Lectures**

**Total Duration 139 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Revealed Preferences, **

**► Revealed Preferences,**

**► Weak Axiom of Revealed Preferences (WARP), **

**► Weak Axiom of Revealed Preferences (WARP),**

**► Strong Axiom of Revealed Preferences (SARP), **

**► Strong Axiom of Revealed Preferences (SARP),**

**► Index Numbers, **

**► Index Numbers,**

**Chapter 13 : Slutsky & Hicksian Decomposition [409 Minutes]**

**Number of Lectures 5 Lectures**

**Total Duration 409 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Price Effect, Income Effect, Substitution Effect, **

**► Price Effect, Income Effect, Substitution Effect,**

**► Slutsky Equation, **

**► Slutsky Equation,**

**► Slutsky Decomposition for Normal Goods, Inferior Goods & Giffen Goods, **

**► Slutsky Decomposition for Normal Goods, Inferior Goods & Giffen Goods,**

**► Hicksian Decomposition for Normal Goods, Inferior Goods & Giffen Goods, **

**► Hicksian Decomposition for Normal Goods, Inferior Goods & Giffen Goods,**

**Chapter 14 : Production [518 Minutes]**

**Number of Lectures 15 Lectures**

**Total Duration 518 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Revenue, Cost & Production, **

**► Revenue, Cost & Production,**

**► Production in Short Run, **

**► Production in Short Run,**

**► Law of Variable Proportions, **

**► Law of Variable Proportions,**

**► Isoquant, **

**► Isoquant,**

**► Marginal Rate of Technical Substitution, **

**► Marginal Rate of Technical Substitution,**

**► Returns to Scale, **

**► Returns to Scale,**

**► Elasticity of Substitution, **

**► Elasticity of Substitution,**

**► Economies of Scale, **

**► Economies of Scale,**

**Chapter 15 : Cost of Production [543 Minutes]**

**Number of Lectures 12 Lectures**

**Total Duration 543 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Meaning of Cost, **

**► Meaning of Cost,**

**► Opportunity Cost, Implicit & Explicit Cost, Sunk Cost, **

**► Opportunity Cost, Implicit & Explicit Cost, Sunk Cost,**

**► Fixed Cost and Variable Cost, **

**► Fixed Cost and Variable Cost,**

**► Components of Cost, **

**► Components of Cost,**

**► Cost Minimizing Input Choices, **

**► Cost Minimizing Input Choices,**

**► Firm’s Expansion Path, **

**► Firm’s Expansion Path,**

**► Contingent Demand for Inputs, **

**► Contingent Demand for Inputs,**

**► Short Run Costs, **

**► Short Run Costs,**

**► Relation between Average Cost, Marginal Cost & Total Cost, **

**► Relation between Average Cost, Marginal Cost & Total Cost,**

**► Long Run Cost Functions, **

**► Long Run Cost Functions,**

**► Shephard’s Lemma, **

**► Shephard’s Lemma,**

**Chapter 16 : Perfect Competition [151 Minutes]**

**Number of Lectures 6 Lectures**

**Total Duration 151 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**► Features of Perfect Competition, Demand Curve of Perfectly Competitive Curve, **

**► Features of Perfect Competition, Demand Curve of Perfectly Competitive Curve,**

**► Short Run Supply Curve, **

**► Short Run Supply Curve,**

**► Long Run Equilibrium, **

**► Long Run Equilibrium,**

**► Long Run Industry Supply, **

**► Long Run Industry Supply,**

**Chapter 17 : Monopoly [383 Minutes]**

**Number of Lectures 7 Lectures**

**Total Duration 383 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 18 : Imperfect Competition [543 Minutes]**

**Number of Lectures 12 Lectures**

**Total Duration 543 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 19 : Game Theory [325 Minutes]**

**Number of Lectures 8 Lectures**

**Total Duration 325 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 20 : Buying and Selling [441 Minutes]**

**Number of Lectures 8 Lectures**

**Total Duration 543 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 21 : Intertemporal Choice [370 Minutes]**

**Number of Lectures 8 Lectures**

**Total Duration 370 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 22 : General Equilibrium [597 Minutes]**

**Number of Lectures 11 Lectures**

**Total Duration 597 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 23 : Welfare [252 Minutes]**

**Number of Lectures 4 Lectures**

**Total Duration 252 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 24 : Risk & Uncertainty [329 Minutes]**

**Number of Lectures 6 Lectures**

**Total Duration 329 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 25 : Externalities [259 Minutes]**

**Number of Lectures 6 Lectures**

**Total Duration 259 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 26 : Public Goods [189 Minutes]**

**Number of Lectures 6 Lectures**

**Total Duration 189 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 27 : Asymmetric Information [228 Minutes]**

**Number of Lectures 5 Lectures**

**Total Duration 228 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**

**Chapter 28 : Theory of Distribution [146 Minutes]**

**Number of Lectures 4 Lectures**

**Total Duration 146 Minutes**

**Number of Questions in Notes Questions**

**Number of MCQ Tests on this Chapter Tests**

**Topics Covered**

**►, **

**►,**

**►, **

**►,**