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    Basics of Economics A Complete Study

    BY
    Udemy

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    Mode

    Online

    Fees

    ₹ 2699

    Quick Facts

    particular details
    Medium of instructions English
    Mode of learning Self study
    Mode of Delivery Video and Text Based

    Course and certificate fees

    Fees information
    ₹ 2,699
    certificate availability

    Yes

    certificate providing authority

    Udemy

    The syllabus

    Introduction to Economics

    • Introduction
    • Wealth and Welfare Definition of Economics
    • Economics Scarcity Definition
    • Economics Growth Definition

    Economics Classification

    • Micro Economics
    • Macro Economics

    Economic Analysis and Laws

    • Methods of Economic Analysis
    • Economic Laws
    • Human Wants
    • Characteristics of Wants Part I
    • Characteristics of Want Part II
    • Classification of Wants
    • Significance of Classification of Want
    • Utility - Total Utility and Marginal Utility
    • Law of Diminishing Marginal Utility (DMU)
    • Importance of Law of DMU
    • Criticism of Law of DMU
    • Law of Equi Marginal Utility
    • Limitations of Law of EMU

    Demand and Supply

    • What is Demand?
    • Law of Demand
    • Demand Schedule & Demand Curve
    • Individual Demand and Market Demand Schedule
    • Market Demand Curve
    • Exceptions to law of Demand
    • Extension and Contraction of Demand
    • Shifts in Demand (Increase / Decrease in Demand)
    • Factors determining Demand
    • Introduction to Elasticity of Demand
    • Price Elasticity of Demand

    Introduction to Business Economics

    • Introduction
    • Economic Theory and Business Practices

    Decision Making Process in Business

    • Decision Making in Business
    • Fundamental concepts in Decision Making followed by Incremental Concept
    • Incremental and Marginal Concepts

    Price Determination in Different Markets

    • Market
    • Classification of Markets
    • Types of Market Structure
    • Total Revenue, Average Revenue and Marginal Revenue
    • Determination of Prices in Open Market
    • Increase in Demand and new Equilibrium Point
    • Decrease in Demand and new Equilibrium Point
    • Features of Perfect Market
    • Price determination in perfect market

    Why, What, How, When Of Price Determination in Different Markets

    • Why Total Revenue Curve of a price taking firm is an Upward Sloping Straight Lin
    • What is the relation between Market Price, AR and MR of Price taking firm?
    • What is Market Equilibrium?
    • When do we say there is excess demand for commodity?
    • When do we say there is excess SUPPLY for commodity?
    • What will happen if Market Price greater or less than Equilibrium Price?
    • How price is determined in a perfectly competitive market?
    • How equilibrium price and quantity affected due to change in Income?
    • How increase in price of shoe affect sales of socks?
    • How change in price of coffee affects sales of tea?
    • How change in price of inputs affect equilibrium?
    • Effect of Rightward shift in Demand and Supply Curve on Equilibrium Price and Qu

    Perfect Competion

    • Perfect Competition Pure Competition
    • Why firms in Perfect Competition are Price taker?
    • Effect on equilibrium Price

    Monopoly Market

    • What is Monopoly
    • Features of Monopoly
    • Different ways of Creating monopoly
    • Monopolistic Competition & its Features

    Budget and Budget line

    • Budget Set and Budget line
    • How to draw Budget line

    Elasticity of Demand

    • Price Elasticity of Demand
    • Impact on Demand for Change in Price
    • Determinants of Price Elasticity of Demand
    • Different type of Price Elasticity of Demand
    • Total Expenditure Method
    • Geometric or Point Method
    • Percentage or Proportionate Method

    Cost and Revenue

    • Cost and Cost function
    • Money cost and Real Cost
    • Opportunity Cost, accounting & Economic Cost
    • Private Cost Social cost
    • Fixed cost and variable Cost
    • Short run Average Cost Curve
    • Marginal Cost

    Final Section

    • Bonus Lecture

    Instructors

    Mr Raja Natarajan

    Mr Raja Natarajan
    instructor
    Freelancer

    Other Bachelors, Other Masters

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