Course Content
Introductory microeconomics
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Chapter 2 – The theory of the firm under perfect competition (Part 1)
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Chapter 2 – The theory of the firm under perfect competition (Part 2)
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Chapter 2- The theory of the firm under perfect competition (Part 3)
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Statistics for Economics Video Lectures
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Chapter 1- Introduction to Statics
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Chapter 2- Collection of Data ( Lecture 1)
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Chapter 2 -Collection of data (Lecture 2)
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Chapter 3-Organisation of Data (Part 1)
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Chapter 4-Presentation of Data (Part 1)
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Chapter 4-Presentation of Data (Part 2)
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Chapter 4- Presentation of Data (Part 3)
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Chapter 4-Presentation of Data (Part 4)
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Chapter 6- Measures of Dispersion (Part 1)
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Chapter 6- Measures of Dispersion (Part 2)
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Chapter 6- Measures of Dispersion (Part 3)
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Chapter 6 -Measures of Dispersion (Part 4)
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Unit 7- Index number (Part 1)
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Unit 7 – Index Number (Part 2)
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Unit 7 -Index Number (Part 2)
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Unit 1 – Introduction
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What is Economics?
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Meaning, scope, functions and importance of statistics in Economics
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Unit 2- Collection, Organisation and Presentation of data
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Collection of Data
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Organisation of Data
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Presentation of Data
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Unit 3: Statistical Tools and Interpretation
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Measures of Central Tendency: Arithmetic Mean, Median, and Mode
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Correlation: Meaning and Properties, Scatter Diagram, Measures of Correlation
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Introduction to Index Numbers
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Wholesale Price Index (WPI)
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Consumer Price Index (CPI)
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Index of industrial production(IIP)
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Inflation and Index Numbers
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Simple Aggregative Method
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Unit 5: Consumer’s Equilibrium and Demand
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Consumer’s Equilibrium
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Marginal Utility
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Conditions of Consumer’s Equilibrium Using Marginal Utility Analysis
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Indifference Curve Analysis of Consumer’s Equilibrium
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Conditions of Consumer’s Equilibrium
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Demand, market demand, determinants of demand,
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Demand curve and its slope, movement along and shifts in the demand curve
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Price elasticity of demand – factors affecting price elasticity of demand
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Percentage-change method
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Total Expenditure Method
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Unit 6: Producer Behaviour and Supply
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Meaning of Production Function – Short-Run and Long-Run
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Total Product, Average Product, and Marginal Product
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Returns to a Factor
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Cost – Short run costs – Total Cost, Total Fixed Cost, Total Variable Cost; Average Cost; Average Fixed Cost, Average Variable Cost and Marginal Cost – meaning and their relationships.
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Revenue – Total Revenue, Average Revenue and Marginal Revenue – meaning and their relationship.
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Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.
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Unit 7: Perfect Competition – Price Determination and simple applications
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Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply. (Short Run Only)
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Simple Applications of Demand and Supply
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Notes
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Basic Competitive Model
