Microeconomics – 1: Finding Demand

Microeconomics – 1: Finding Demand, available at Free, has an average rating of 4.25, with 18 lectures, 8 quizzes, based on 110 reviews, and has 8461 subscribers.

You will learn about choose the right approach to understand and model individual behavior. This course is ideal for individuals who are This course is meant for students who are interested in learning key ideas in Microeconomics through a graphical and problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving. It is particularly useful for This course is meant for students who are interested in learning key ideas in Microeconomics through a graphical and problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving. .

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Summary

Title: Microeconomics – 1: Finding Demand

Price: Free

Average Rating: 4.25

Number of Lectures: 18

Number of Quizzes: 8

Number of Published Lectures: 18

Number of Published Quizzes: 8

Number of Curriculum Items: 26

Number of Published Curriculum Objects: 26

Original Price: Free

Quality Status: approved

Status: Live

What You Will Learn

choose the right approach to understand and model individual behavior.

Who Should Attend

This course is meant for students who are interested in learning key ideas in Microeconomics through a graphical and problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving.

Target Audiences

This course is meant for students who are interested in learning key ideas in Microeconomics through a graphical and problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving.

In this course, you will learn about modelling consumer behavior. You will learn how to create a simple model of consumer who wishes to choose the best affordable consumption plan. This course introduces a unique graphical approach for solving the optimization problems. The methods that you will learn in this course are useful for developing an understanding of how to create simple models in Economics.

Course is drawn from the lectures on problem solving approach that I have been teaching to undergraduate Economics students in Delhi for the past 10 years. This course is meant for students who are interested in learning key ideas in Microeconomics through a problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving. It is recommended that the student should have good exposure to calculus (as is typically covered in high school). Student must be comfortable with algebraic and functional notation for variables, sets, and functions.

Course consists of mostly videos and small quizzes to test your understanding of the content taught in videos.

Topics: Demand Function, Hicksian Demand, Substitution Effect, Income Effect.

Enjoy learning.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: Budget Line

Lecture 3: Indifference Curves

Lecture 4: Marginal Rate of Substitution

Chapter 2: Utility Maximization

Lecture 1: Perfect Substitutes (Demand)

Lecture 2: Perfect Complements (Demand)

Lecture 3: Cobb Douglas (Demand)

Lecture 4: Hybrid of Substitutes and Complements

Lecture 5: More is Better

Lecture 6: Cobb Douglas (Demand Function)

Lecture 7: Hybrid (Demand Function)

Chapter 3: Expenditure Minimization

Lecture 1: Introduction to Hicksian Demand

Lecture 2: Examples – Hicksian Demand

Lecture 3: Cobb Douglas (Hicksian Demand function)

Lecture 4: Perfect Substitutes (Hicksian Demand function)

Chapter 4: Substitution Effect & Income Effect

Lecture 1: Introduction to Substitution and Income effect

Lecture 2: Hicksian Approach

Lecture 3: Slutsky Approach

Instructors

Amit Goyal
Instructor at Econschool

Rating Distribution

1 stars: 4 votes
2 stars: 3 votes
3 stars: 19 votes
4 stars: 41 votes
5 stars: 43 votes

Frequently Asked Questions

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You can view and review the lecture materials indefinitely, like an on-demand channel.

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