Search 6,000+ CA Community College Courses
Microeconomics

Microeconomics

Micro Economics - IITK via YouTube Direct link

Lecture-71 An Application: Subsidy Vs. Direct Benefit Transfer

72 of 141
Previous
Next

72 of 141

Lecture-71 An Application: Subsidy Vs. Direct Benefit Transfer

Class Central Classrooms beta

YouTube videos curated by Class Central.

Classroom Contents

Microeconomics

Automatically move to the next video in the Classroom when playback concludes
  1. 1 Intro - An Introduction to Microeconomics - Prof Vimal Kumar
  2. 2 Lecture-01 What is Economics ?
  3. 3 Lecture-02 Resources, Wants & Scarcity
  4. 4 Lecture-03 Allocation, Command, Market and Mixed Economy
  5. 5 Lecture-04 Individual
  6. 6 Lecture-05 Rationality, Self Interest and Optimization
  7. 7 Lecture-06 Branches of Economics
  8. 8 Lecture-07 Introduction to Demand & Supply
  9. 9 Lecture-08 Demand
  10. 10 Lecture-09 Demand:Effect of Substitutes and Complements
  11. 11 Lecture-10 Market Demand Function
  12. 12 Lecture-11 Factors Affecting Demand
  13. 13 Lecture-12 Supply and Market Supply
  14. 14 Lecture-13 Supply: Effect of Substitutes and Complements
  15. 15 Lecture-14 Factors Affecting Supply
  16. 16 Lecture-15 Market Equilibrium
  17. 17 Lecture-16 Few Examples
  18. 18 Lecture-17 Application: Price Control
  19. 19 Lecture-18 Consumer Surplus
  20. 20 Lecture-19 Producer Surplus
  21. 21 Lecture-20 Total Surplus
  22. 22 Lecture-21 Effect of Price Control on Surplus
  23. 23 Lecture-22 Implications of Market Equilibrium
  24. 24 Lecture-23 Price Elasticity of Demand
  25. 25 Lecture-24 Elastic, Inelastic and Unit- elastic Demand
  26. 26 Lecture-25 Perfectly Elastic and Perfectly Inelastic Demand
  27. 27 Lecture-26 More on Elasticity
  28. 28 Lecture-27 Factors Affecting Price Elasticity of Demand
  29. 29 Lecture-28 Effect of Taxation
  30. 30 Lecture-29 Tax Imposed on Seller
  31. 31 Lecture-30 Incidence of Tax
  32. 32 Lecture-31 Incidence of Tax: Four Extremes
  33. 33 Lecture-32 Incidence of Tax: Effect on Surplus
  34. 34 Lecture-33 Towards Consumer Theory
  35. 35 Lecture-34 Budget Line and Budget Set
  36. 36 Lecture-35 Factors Affecting the Budget Line
  37. 37 Lecture-36 Few Examples of Changes in Budget Line
  38. 38 Lecture-37 Consumption Set
  39. 39 Lecture-38 Convexity of Consumption Set
  40. 40 Lecture-39 Describing Utility
  41. 41 Lecture-40 Some Axioms
  42. 42 Lecture-41 Preferences as a Mathematical Construct
  43. 43 Lecture-42 Rationality in Real Life Vs. Rationality in Economics
  44. 44 Lecture-43 More on Three Axioms of Rationality
  45. 45 Lecture-44 Defining Utility Function
  46. 46 Lecture-45 Ordinal Vs. Cardinal Utility
  47. 47 Lecture-46 Properties of Preferences: Continuity
  48. 48 Lecture-47 Indifference Set
  49. 49 Lecture-48 Indifference Curve
  50. 50 Lecture-49 Behavioural Assumption: More is Better
  51. 51 Lecture-50 Properties of Preferences: Convexity
  52. 52 Lecture-51 Marginal Rate of Substitution (MRS)
  53. 53 Lecture-52 DMRS and Convexity: Example
  54. 54 Lecture-53 Summary
  55. 55 Lecture-54 Utility Maximization
  56. 56 Lecture-55 Utility Maximization: tangency criterion
  57. 57 Lecture-56 More on Utility Maximization
  58. 58 Lecture-57 Utility Maximization: Example
  59. 59 Lecture-58 Example Revisited
  60. 60 Lecture-59 Marginal Utility Vs. Marginal Rate of Substitution (MRS)
  61. 61 Lecture-60 Perfect Substitutes
  62. 62 Lecture-61 Perfect Complements
  63. 63 Lecture-62 An Example with Quasi Linear Preferences
  64. 64 Lecture-63 Demand Revisited
  65. 65 Lecture-64 Effect of Income on Quantity Demanded
  66. 66 Lecture-65 Effect of Change in Price
  67. 67 Lecture-66 Substitution Effect and Income Effect
  68. 68 Lecture-67 Giffen Good
  69. 69 Lecture-68 Expenditure Minimization as a Dual Problem of Utility Maximization
  70. 70 Lecture-69 Marshallian and Hicksian Demand Function
  71. 71 Lecture-70 Slutsky Equation
  72. 72 Lecture-71 An Application: Subsidy Vs. Direct Benefit Transfer
  73. 73 Lecture-72 Towards Producer Theory
  74. 74 Lecture-73 Technology or Production Function
  75. 75 Lecture-74 Isoquants
  76. 76 Lecture-75 Few Axioms Related to Technology
  77. 77 Lecture-76 Axioms/ Assumptions Continued
  78. 78 Lecture-77 Production in Short Run
  79. 79 Lecture-78 Average and Marginal Product of Labour (APL & MPL)
  80. 80 Lecture-79 More on APL and MPL
  81. 81 Lecture-80 Law of Diminishing Marginal Returns
  82. 82 Lecture-81 Production in Long Run
  83. 83 Lecture-82 MRTS: Few Examples
  84. 84 Lecture-83 Decreasing MRTS
  85. 85 Lecture-84 Elasticity of Substitution
  86. 86 Lecture-85 Returns to Scale
  87. 87 Lecture-86 Elasticity of Scale
  88. 88 Lecture-87 Economic Terminology: Opportunity Cost
  89. 89 Lecture-88 Economic Terminology: Sunk Cost
  90. 90 Lecture-89 Economic Terminology: Economic Profit and Accounting Profit
  91. 91 Lecture-90 Diminishing Marginal Product Vs. DMRTS
  92. 92 Lecture-91 Returns to Scale through Graphs
  93. 93 Lecture-92 Cost in Long Run
  94. 94 Lecture-93 Cost Minimization
  95. 95 Lecture-94 Cost Minimization: Few Examples
  96. 96 Lecture-95 Cost Minimization: Cobb-Douglas Production Function
  97. 97 Lecture-96 More on Cost Minimization
  98. 98 Lecture-97 Cost Function in the Long Run
  99. 99 Lecture-98 Cost in Short Run: TC, FC and VC
  100. 100 Lecture-99 Cost in Short Run: MC
  101. 101 Lecture-100 Shape of Cost Curves
  102. 102 Lecture-101 Factor Demand Function
  103. 103 Lecture-102 Output Expansion Path
  104. 104 Lecture-103 Cost Revisited: Quasi Fixed Cost
  105. 105 Lecture-104 Cobb-Douglas Function: Cost and Returns to Scale
  106. 106 Lecture-105 Short Run Vs. Long Run Cost Minimization
  107. 107 Lecture-106 Short Run Vs. Long Run Cost Minimization Through Graphs
  108. 108 Lecture-107 LRAC Vs. SRAC
  109. 109 Lecture-108 Short Run Marginal Cost Vs. Long Run Marginal Cost
  110. 110 Lecture-109 Profit Maximization
  111. 111 Lecture-110 Marginal Revenue
  112. 112 Lecture-111 Profit Maximization in Short Run Through Graphs
  113. 113 Lecture-112 Profit Maximization in Short Run Through Algebra and Calculus
  114. 114 Lecture-113 Market Environment
  115. 115 Lecture-114 Perfectly Competitive Market
  116. 116 Lecture-115 Supply Curve
  117. 117 Lecture-116 An example obtaining the short run supply function
  118. 118 Lecture-118 Profit maximization implies cost minimization
  119. 119 Lecture-119 Producer’s Surplus Revisited
  120. 120 Lecture-120 Profit Maximization and Returns to Scale
  121. 121 Lecture-121 Short Run Supply Vs. Long Run Supply
  122. 122 Lecture-122 Long Run Equilibrium and Supply Function
  123. 123 Lecture-123 Introduction to Monopoly
  124. 124 Lecture-124 Marginal Revenue of the Monopolist
  125. 125 Lecture-125 Monopoly: Price Elasticity of the Demand and MR
  126. 126 Lecture-126 Profit Maximization for the Monopolist
  127. 127 Lecture-127 Inverse Elasticity Pricing Rule
  128. 128 Lecture-128 Profit Maximization for the Monopolist through Graph
  129. 129 Lecture-129 No Supply Function for Monopoly
  130. 130 Lecture-130 Monopoly: Comparative Statics
  131. 131 Lecture-131 Imposition of the Tax on the Monopolist
  132. 132 Lecture-132 Welfare Effects of Monopoly Pricing
  133. 133 Lecture-133 Price Discrimination
  134. 134 Lecture-136 Introduction to Oligopoly
  135. 135 Lecture-134 Monopoly: Example
  136. 136 Lecture-135 Responses from Policy Makers
  137. 137 Lecture-137 Nash Equilibrium
  138. 138 Lecture-138 Cournot Model of Duopoly
  139. 139 Lecture-139 Stackelberg Model of Duopoly
  140. 140 Lecture-140 Bertrand Model of Duopoly
  141. 141 Lecture-141 Market Environment: Comparison Table

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free
Someone learning on their laptop while sitting on the floor.