Economics - Consumer Equilibrium

Consumer Equilibrium, Utility Analysis, Law of diminishing marginal utility and much more

Created bySanchit Gupta

Last updated 5/2021

English

What you'll learn

Consumer Equilibrium
Utility Analysis
Law of Diminishing Marginal Utility
Determination of Consumer Equilibrium Conditions
Single and Two Commodity Model

Course content

1 section • 9 lectures • 54m total length

Introduction to Consumer Equilibrium5:45
In this lesson, we will understand what are Consumers, what is consumption and Introduction to Consumer Equilibrium is discussed in detailed way.
Utility Analysis / Marshall Approach8:00
In this lesson, we will discuss Utility Analysis, Some examples of Utility Analysis, Cardinal Utility, Marginal Utility of Money and much more.
Assumptions to Utility Analysis4:49
In this lesson, we will discuss Assumptions to Utility Analysis
Law of Diminishing Marginal Utility6:20
In this lesson, we will discuss Law of Diminishing Marginal Utility and Assumptions for the same
Relationship between Marginal Utility and Total Utility4:51
In this video we will be talking about the relationship between Total Utility and Marginal Utility
Determination of Consumer Equilibrium Conditions - Case of Single Commodity5:58
This video will make you understand Consumer's Equilibrium in case of Single Commodity
Example of Single Commodity Case6:23
In this video, we will discuss Single Commodity Case Example.
High Order Thinking Skills (Some Important Questions)4:49
This lesson includes some High Order Thinking Skills Questions related single Commodity Case and much more.
Determination of Consumer Equilibrium Conditions - Case of Two Commodity7:05
In this lesson, we will discuss Consumer's Equilibrium in case of Two Commodities.

Requirements

This course is designed for beginners.
Basic Economics Understanding
Basic Microeconomics
Basic Macroeconomics

Description

This course will discuss Consumer Equilibrium, Utility Analysis, Law of diminishing marginal utility, Determination of Consumer Equilibrium Conditions, Single and Two commodity model and much more.

Introduction to Consumer Equilibrium - In this lesson, we will understand what are Consumers, what is consumed and the Introduction to Consumer Equilibrium are discussed in a detailed way.
Utility Analysis / Marshall Approach - In this lesson we will discuss Utility Analysis, Some examples of Utility Analysis, Cardinal Utility, Marginal Utility of Money and much more.
Assumptions to Utility Analysis - In this lesson we will discuss Assumptions to Utility Analysis
Law of Diminishing Marginal Utility - In this lesson, we will discuss the Law of Diminishing Marginal Utility and Assumptions for the same
Relationship between Marginal Utility and Total Utility - In this video, we will be talking about the relationship between Total Utility and Marginal Utility
Determination of Consumer Equilibrium Conditions - Case of Single Commodity - This video will make you understand Consumer's Equilibrium in the case of Single Commodity
Example of Single Commodity Case - In this video we will discuss Single Commodity Case Example.
High Order Thinking Skills (Some Important Questions) - This lesson include some High Order Thinking Skills Questions related single Commodity Case and much more
Determination of Consumer Equilibrium Conditions - Case of Two Commodity - In this lesson, we will discuss Consumer's Equilibrium in case of Two Commodities

This course is self-based, designed for all levels in economics and in the English language.

This is Sanchit Gupta currently working as a Software Engineer in Bangalore, India. I'm working as a verified educator for the past 3 years on Unacademy (India's Largest Learning Platform) now. There I teach several topics (Competitive Exams, CAT, GMAT, GRE Preparation, Economics, UPSC Preparation, Programming, Personal Development and many more).

Who this course is for:

Engineering Students
Business Students
UGC NET
MBA Students