Principles of Micro Economics [IPU]

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

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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. 6000

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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
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  • Live online Doubts Sessions for resolution of Doubts
  • Mock Tests at the Website
  • Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + 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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Demo Lectures

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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

Introduction

Scarcity, Central Problems of Economy.

Circular Flow

Production Possibility Frontier.

Chapter – 2 : Demand & Supply

Lecture Details

Number of Lectures   3 Lectures

Total Duration of Lectures  121 Minutes

Important Topics Covered

Demand, Factors Affecting Demand, Law of Demand

Supply, Factors Affecting Supply, Law of Supply

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

Price Elasticity of Demand

Income Elasticity of Demand

Cross Elasticity of Demand

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

Utility Theory

Budget Constraint, Indifference Curves

Consumer’s Equilibrium, Income Offer Curve

Income & Substitution Effect.

Chapter – 5 : Producer Theory

Lecture Details

Number of Lectures   5 Lectures

Total Duration of Lectures  182 Minutes

Important Topics Covered

Revenue Function

Short Run Production Function,

TPL, APL & MPL curves

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

Perfect Competition Features

Short Run Equilibrium under Perfect Competition

Short Run Supply Curve

Long Run Equilibrium

Long Run Industry Supply Curve.

Chapter – 7 : Monopoly

Lecture Details

Number of Lectures   6 Lectures

Total Duration of Lectures  159 Minutes

Important Topics Covered

Monopoly Features

Equilibrium of Monopoly Firm

Monopoly versus Perfect Competition

Deadweight Loss Under Monopoly

Price Discrimination

Regulation of Monopoly.

Chapter – 8 : Labour Market

Lecture Details

Number of Lectures   2 Lectures

Total Duration of Lectures  58 Minutes

Important Topics Covered

Labour Market

VMPL Curve

Factors Affecting Labour Demand Curve

Labour Supply Curve

Equilibrium in Labour Market

Syllabus as Prescribed by GGS IPU