Micro Economics [MA Eco Entrance]

Welcome to Prime Academy Delhi

For getting access of recorded video lectures of 

Micro Economics for MA Economics Entrance

you need to subscribe our course.

If you are not registered at our website then Register Here (After registration please inform us at +91 9899 192027 to get the access)

If you are already registered and have Got the access then Login to watch the Lectures

Quick Links

►Mathematical Methods for Economics

►Statistical Methods for Economics

►Micro Economics

►Macro Economics

►Econometrics

►Development Economics

►International Economics

►Indian Economy

MA Economics Entrance

Join Online Video Classes by Prime Academy for MA Economics Entrance Examination. The Video Classes are prepared by Mr. Dheeraj Suri, an expert faculty teaching Economics for over 20 years.

The Micro Economics Course for MA Economics Entrance, has been taught by Mr. Dheeraj Suri. The Video Lectures are designed to cover the topics of MA Economics Entrance Exhaustively. The Duration of Video Lectures is approximately 130 Hours.

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of MA Economics Entrance Exams.

Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will Get

  • Full Course Video Lectures
  • Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions
  • Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students
  • Live online Doubts Sessions (at least twice a week) for resolution of Doubts
  • Mock Tests at the Website
  • Video Lectures Cover Theory Portions Exhaustively + Solutions of Previous Years Papers + Large Number of Numericals

On Payment of Fee we will create your account on our website & you need to login and download all the lectures & our APP through that login account

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of the MA Economics Entrance Exams

Demo Lectures

Demo PDF Notes

Chapter-4-Price-Control

Demo Mock Test

0%
1 votes, 4 avg
178

Time Allowed for this Test is 10 Minutes

Time Allowed for this Test is 10 Minutes


Utility Test #1

1. Please Read the Questions and all the options Carefully, Before Selecting Your Choice.
2. You are not Allowed to edit your answers after submission.
3. The Paper has ten Questions
4. Time Allowed is 10 Minutes.
5. It is necessary to enter your valid Email id to attempt this test.

 

To Get Full Course Video Lectures of Micro Economics Please Whatsapp Your Details at
+91 9899 192027
www.primeacademy.in

Pleas Enter Your details

1 / 10

Which of the following is not a monotonic transformation

2 / 10

An Indirect Utility function

3 / 10

Suppose a consumers preferences over commodities 1 and 2 can be represented by utility function U(x1, x2) = min{x1, x2} where x1, x2 ≥ 0. The utility function of the consumer is

4 / 10

Which of the following represents the same preferences as U(x1, x2) = min{x1, x2} + max{x1, x2}

5 / 10

Which of the following represents the same preferences as U(x1, x2) = min{x1, x2} + max{x1, x2}

6 / 10

For a utility function representing strictly convex preferences, the marginal rate of substitution between two commodities must be

7 / 10

Suppose a consumer’s preference are given by the utility function u =4(x^0.5) + y . Suppose the consumer’s original equilibrium was x = 9, y = 10. If the consumption of x reduces to 4, how many units of y must he consume to remain on the same indifference curve?

8 / 10

Rohit consumes soft drink which is available in ½ litre and 1 litre bottles. He allows himself only half litre of soft drink at a time, so if he has a bottle of 1 litre he will throw ½ litre in the sink. Considering 1/2 litre bottle as good 1, what is his utility function

9 / 10

A consumer is indifferent between two hamburgers (good 1) and 3 Puri's (good 2) so his indifference curves are

10 / 10

A consumer is indifferent between two hamburgers (good 1) and 3 Puri's (good 2) so his utility function is 

Your score is

The average score is 37%

0%

Please rate this quiz

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,

► 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,

► Supply, Law of Supply, Factors affecting supply,

► 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,

► 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 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,

► 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,

► 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,

► 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,

► Goods, Bads & Neuters,

► Well Behaved 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 Functions, Monotonic Transformation,

► Marginal Utility,

► 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,

► Tangency & Consumer Equilibrium,

► 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,

► Price Effect, Price Offer Curve, Demand Curve,

► 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,

► Weak Axiom of Revealed Preferences (WARP),

► Strong Axiom of Revealed Preferences (SARP),

► 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,

► Slutsky Equation,

► Slutsky 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,

► Production in Short Run,

► Law of Variable Proportions,

► Isoquant,

► Marginal Rate of Technical Substitution,

► Returns to Scale,

► Elasticity of Substitution,

► 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,

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

► Fixed Cost and Variable Cost,

► Components of Cost,

► Cost Minimizing Input Choices,

► Firm’s Expansion Path,

► Contingent Demand for Inputs,

► Short Run Costs,

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

► Long Run Cost Functions,

► 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,

► Short Run Supply Curve,

► Long Run Equilibrium,

► 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

►,

►,