Principles of Micro Economics [IPU]

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Principles of Micro Economics for Economics (H) Semester I, GGS IPU

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ā–ŗPrinciples of Micro Economics

ā–ŗStatistical Methods – I

ā–ŗMathematics for Economics – I

The Principles of Micro Economics Course for BA (Hons) Economics Semester I, GGS IP University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 20 Hours.

Course Fee : Rs. 7000

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester I Exams.

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  • 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 for resolution of Doubts
  • Mock Tests at the Website
  • Video Lectures CoverĀ Theory Portions Exchaustively +Ā Complete Solutions of Back Questions of readings +Ā Solutions of Previous Years Papers + Large Number of Numericals

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

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Course Content of Our Video Lectures

Unit – I : Introduction

Chapter – 1 : Introduction

Lecture Details

Number of Lectures   5 Lectures

Total Duration of Lectures  60 Minutes

Important Topics Covered

ā–ŗ Introduction

ā–ŗ Scarcity, Central Problems of Economy.

ā–ŗ Circular Flow

ā–ŗ Production Possibility Frontier.

Chapter – 2 : Demand & Supply

Lecture Details

Number of Lectures   3 Lectures

Total Duration of Lectures  121 Minutes

Important Topics Covered

ā–ŗ Demand, Factors Affecting Demand, Law of Demand

ā–ŗ Supply, Factors Affecting Supply, Law of Supply

ā–ŗ Market Equilibrium.

Unit – II : Analysis of Demand & Supply

Chapter – 3 : Elasticity of Demand & Supply

Lecture Details

Number of Lectures   3 Lectures

Total Duration of Lectures  132 Minutes

Important Topics Covered

ā–ŗPrice Elasticity of Demand

ā–ŗ Income Elasticity of Demand

ā–ŗ Cross Elasticity of Demand

ā–ŗ Elasticity of Supply.

Unit – III : Consumer & Producer Behaviour

Chapter – 4 : Consumer Theory

Lecture Details

Number of Lectures   6 Lectures

Total Duration of Lectures  270 Minutes

Important Topics Covered

ā–ŗUtility Theory

ā–ŗ Budget Constraint, Indifference Curves

ā–ŗ Consumer’s Equilibrium, Income Offer Curve

ā–ŗ Income & Substitution Effect.

Chapter – 5 : Producer Theory

Lecture Details

Number of Lectures   5 Lectures

Total Duration of Lectures  182 Minutes

Important Topics Covered

ā–ŗRevenue Function

ā–ŗ Short Run Production Function,

ā–ŗ TPL, APL & MPL curves

ā–ŗ Short Run Cost Functions, Long Run Costs.

Unit – IV : Introduction to Markets

Chapter – 6 : Perfect Competition

Lecture Details

Number of Lectures   4 Lectures

Total Duration of Lectures  131 Minutes

Important Topics Covered

ā–ŗPerfect Competition Features

ā–ŗ Short Run Equilibrium under Perfect Competition

ā–ŗ Short Run Supply Curve

ā–ŗ Long Run Equilibrium

ā–ŗ Long Run Industry Supply Curve.

Chapter – 7 : Monopoly

Lecture Details

Number of Lectures   6 Lectures

Total Duration of Lectures  159 Minutes

Important Topics Covered

ā–ŗMonopoly Features

ā–ŗEquilibrium of Monopoly Firm

ā–ŗ Monopoly versus Perfect Competition

ā–ŗ Deadweight Loss Under Monopoly

ā–ŗ Price Discrimination

ā–ŗ Regulation of Monopoly.

Chapter – 8 : Labour Market

Lecture Details

Number of Lectures   2 Lectures

Total Duration of Lectures  58 Minutes

Important Topics Covered

ā–ŗLabour Market

ā–ŗVMPL Curve

ā–ŗ Factors Affecting Labour Demand Curve

ā–ŗ Labour Supply Curve

ā–ŗ Equilibrium in Labour Market

Syllabus as Prescribed by GGS IPU