Economics: Learn the basic concepts Of Demand

In this course students will be able to understand the meaning and types of demand and its implications on the real life scenario. Further the statement of law of demand and its types are also being explained. this course will enable the students to analyse the real life situation of prices as related to the demand made by the consumers. in a very easy language and with lots of examples an effort has been made to explain the topics clearly. real life examples will help the students to judge themselves the situation around them and to make use of the content available.

Graphs and their derivation from schedule has been shown in an effective manner with same examples to avoid the confusion between shifting the lectures.

In one of the lectures the factors affecting the demand are being discussed where many real time examples are being discussed like substitute goods and complementary goods, their relationship and interdependence upon each other is being discussed in detail. an effort has been made at the end of each lecture for a quick revision of the topics discussed in that particular lecture so as to recall the topics.

Demand itself is a very wide topic including the main ‘Law of Demand’. Law of Demand is a universal rule where the relationship between only one factor and the demand is being reflected. the whole concept of demand law and its derivation from the demand function is available here. the assumptions on which this demand work which is very important to understand is also being discussed in detail.

Further the course is also being designed for the age group of 16 years and above and it will be required that the guardian of students of less than 18 years age review and purchase the course for their students

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Frequently Asked Questions

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