Economics - Explore The Concepts Of Consumer Behavior
4.1 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Economics - Explore The Concepts Of Consumer Behavior

Learn & enjoy the economics of consumer behavior with real life examples and mathematics based solutions
4.1 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
572 students enrolled
Created by Siraj Bardhan
Last updated 3/2017
English
Price: $95
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 7 Articles
  • 8 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • The basics of economics and its evolution
  • Develop a clear understanding about how different elements determine a rational consumer's behavior
  • Be able to solve mathematical problems on consumer behavior part of economics
View Curriculum
Requirements
  • Basic knowledge of Calculus (especially Functions & Derivatives) can be helpful for you to understand the concepts more easily
  • An open mind and willingness to learn Economics
Description

This economics course is pretty much the cornerstone to learn about the concepts of "Consumer Behavior". The course engulfs all the basic concepts of 

  • Evolution of Economic Thoughts
  • Theory of Utility
  • Law of Diminishing Marginal Utility
  • Concept of Demand
  • Individual & Market Demand Schedule
  • Exceptions to the Law of Demand
  • Elasticity of Demand
  • Income & Cross Elasticity and Consumer Surplus
  • Indifference Analysis & Budget Analysis


The entire course is divided into 12 modules which comprises of 23 video lectures and 7 pdfs.

Anyone who wants to learn economics, this course is your first stepping stone. We start this course from very scratch and gradually build your concepts.

So if you are a complete new learner with no prior knowledge on economics, don’t worry, this course can help you immensely.

And, if you are an existing economics student in your graduation level, this course will definitely bring better clarity to your concepts.

By the end of the course you will get detailed information and knowledge on the following areas:

  • Clear understanding of the basics of economics and its evolution
  • What are the different elements and how they can determine a rational consumer’s buying decision
  • Also you will develop substantial knowledge & clear understanding about some important concepts like:


Theory of Utility
Diminishing Marginal Utility
Concept of Demand and Demand Function
Individual & Market Demand Schedule
Elasticity of Demand
Consumer Surplus
Normal Goods & Inferior Goods
Indifference Analysis
& Budget Analysis


The course is based on practical real life scenarios & mathematics based solutions for you to understand the concepts better.


Who is the target audience?
  • Complete beginner with no prior knowledge about the subject but who wants to learn Economics
  • Students pursuing CS/Bachelor of Commerce/Bachelor of Economics
  • Students of any background who wants to know the concept of consumer behavior in details
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Curriculum For This Course
Expand All 31 Lectures Collapse All 31 Lectures 02:11:11
+
Introduction
1 Lecture 02:43
+
Economics - Basic Concepts
3 Lectures 15:32
Evolution of Economic Thoughts
05:49


Micro & Macro Economics - Concept
03:22
+
Theory of Utility
2 Lectures 08:35
+
Law of Diminishing Marginal Utility
2 Lectures 09:33
Concept of DMU, Relationship between TU & MU, Assumptions behind the Law of DMU
09:27

Summary - Law of Diminishing Marginal Utility
00:06
+
Concept of Demand
2 Lectures 06:20

Summary - Concept of Demand
00:05
+
Determinants of Demand
4 Lectures 11:31
Introduction to the Determinants of Demand
01:40

Primary Factors
07:23

Secondary Factors
02:23

Summary - Determinants of Demand
00:05
+
Demand Function
4 Lectures 17:58
Concept of Demand Function, Individual & Market Demand Function
03:55


Change in Quantity Demanded, Increase & Decrease in Demand
07:56

Summary - Demand Function
00:05
+
Individual & Market Demand Schedule
2 Lectures 11:58
The concept & difference, How to draw Individual Market Demand Schedule
05:33

Reason for Downward Sloping Demand Line - under 2 types of Utility Approaches
06:25
+
Exceptions to the Law of Demand
1 Lecture 05:49
4 Major Exceptions with Real Life Examples
05:49
+
Elasticity of Demand
3 Lectures 16:45
Types of Elasticity, How to calculate Elasticity of Demand
06:02

Own Price Elasticity, Possible Outcomes of Own Price Elasticity
07:25

Determinants of Elasticity
03:18
4 More Sections
About the Instructor
Siraj Bardhan
4.1 Average rating
5 Reviews
572 Students
1 Course
Economics & Finance Teacher, Co-founder of TruePencil.com

Long 20 years experience in teaching, especially in the field of Economics, my name is Siraj Bardhan and I teach economics in graduation and in post graduation levels of different universities.

Besides economics, I also give coaching on financial management, financial market operations, business communications, accountancy etc. for my MBA students.

My skills include Tutoring, Lesson Planning, Research, History, Business Communications, Administration etc.

My students have become toppers in different universities like Calcutta University, Presidency University etc, especially in the area of economics, a feat I am really proud of.

Currently I have more than 700 students taking economics & finance coaching from me in my private class.

Looking back, I feel really fulfilling to have taught more than 5000 students of all levels in my career, through my offline classroom coaching program.

But life was not so satisfying when I used to be in the Corporate World, getting throttled day in and day out. I worked as a factory manager for long 18 years under a public limited company, before starting my career as an Economics & Finance Teacher. That’s a long story about how and why I delved into this teaching profession, which became my passion and life.

I will tell you one day :)

In my spare time, I watch movies and listen to music (the two things which give me inner peace) and if I still have some time left, I get back to either studying or making notes on economics for my students (sorry, I cannot live that without).