Economics - Forms of Market, Perfect Competition, Revenue
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Economics - Forms of Market, Perfect Competition, Revenue

Learn about Forms of Market, Perfect Competition, Producers Equilibrium and Concept of Revenue in Economics
0.0 (0 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.
2 students enrolled
Last updated 1/2017
English
Current price: $10 Original price: $25 Discount: 60% off
5 hours left at this price!
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Includes:
  • 2.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand various forms of Market and there characteristics, including perfect competition, monopoly, monopolistic competition and Oligopoly
  • Understand what constitutes Perfect competition
  • Understand when a Producer can be said to be in Equilibrium
View Curriculum
Requirements
  • Students should have basic knowledge of what constitutes an Economy and basic manner in which it operates
Description

This  Course covers several Economics topics like Producer's Equilibrium, Concept of Revenue, Forms of Market and Perfect competition. In Producers Equilibrium, we have covered what is producers Equilibrium, when is it achieved, how can you find out Producers Equilibrium using Marginal cost curve, Long and short run equilibrium and what is perfect competition. In the concept of Revenue section, you would learn about, Average, Marginal and Total Revenue, there inter-se relationship and Demand curve of a firm under Perfect competition and Monopoly or monopolistic competition. When looking at Forms of Market, we have explained various forms of market and there characteristics, including perfect competition, monopoly, monopolistic competition and Oligopoly. How each of these forms of market compare with each other is also covered as a part of this Course. In case of perfect competition, our course covers what would be the market situation in case where either supply or demand are elastic, or inelastic, and there are changes in the other variable. This would cover simultaneous changes in supply and demand, change in demand when supply is perfectly inelastic and vice versa.

Who is the target audience?
  • School or College students who are learning Economics
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Curriculum For This Course
34 Lectures
02:19:12
+
Introduction to the Course
1 Lecture 01:31

This Video explains the content of the Course, what you would learn from this and who should or who should not take this course.

Preview 01:31
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Producer's Equilibrium
9 Lectures 45:42

Learn about what is producer equilibrium or profit maximisation situation

Preview 05:48

Learn about profits of producer vis a vis output

Preview 01:48

Learn about when is producer's profit maximum - using total costand total revenue curves

When is producer's profit maximum - using total costand total revenue curves ​
02:13

Learn about break even point with examples

Break even point with examples
04:46

Learn about when does producer gets equilibrium when using marginal cost and marginal revenue curves

Producers Equilibrium using Marginal Cost Curve
04:36

Learn about perfect competition - 3 profit maximisation conditions and there proof

Perfect competition - 3 profit maximisation conditions and there proof
15:26

Learn about short run equilibrium

Short run equilibrium
06:25

Learn about long run equilibrium

Long run equilibrium
02:03

Learn about monopoly or monopolistic competition

Monopoly or Monopolistic competition
02:37
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Concept of Revenue
5 Lectures 18:04

Learn about relationship between total and marginal revenue

Relationship between total and marginal revenue
03:56

Learn about relationship between average and marginal revenue

Relationship between average and marginal revenue
04:09

Learn about demand curves (firm's revenue) under perfect competition

Demand curves (firm's revenue) under perfect competition ​
04:11

Learn about relationship between price line and total revenue


Relation​ship between price line and total revenue
02:50

Learn about demand curve (firm's revenue) under monopoly or monopolistic conditions

Demand curve (firm's revenue) under monopoly or monopolistic conditions
02:58
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Forms of Market
10 Lectures 33:46

Learn about economics class 12 - Forms of market - Different types of market structures 

Different Types of Market Structures
03:20

Learn about meaning and causes of monopoly

Meaning and Causes of Monopoly
07:26

Learn about forms of market

Forms of Market
01:32

Learn about Monopoly and total, average and marginal revenue curves

Monopoly and total, average and marginal revenue curves
04:46

Learn about relationship between marginal revenue and elasticity of demand

Relationship between marginal revenue and elasticity of demand ​
02:45

Learn about comparison between perfect competition and monopoly

Comparison between perfect competition and monopoly​
04:29

Learn about comparison between perfect competition and monopoly

Comparison between perfect competition and monopoly
01:12

Comparison between Perfect Competition and Monopoly
02:55

Learn about comparision between monopolistic competition and monopoly

Comparision between monopolistic competition and monopoly​
01:05

LEARN ABOUT oLIGOPOLY

Oligopoly
04:16
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Perfect Competition
9 Lectures 40:09

Learn about equilibrium, equilibrium price and its determination

Preview 07:09

Learn about non viable industry

Non Viable Industry
03:51

Learn about simultaneous change in supply and change in demand

Simultaneous change in supply and change in demand ​
05:51

Learn about perfectly inelastic supply and change in demand

Perfectly inelastic supply and change in demand ​
02:51

Learn about perfectly inelastic supply and change in demand

Perfectly inelastic supply and change in demand ​
02:54

Learn about perfectly elastic supply and change in demand

Perfectly elastic supply and change in demand ​
04:10

Learn about perfectly elastic demand and change in supply

Perfectly elastic demand and change in supply​
03:19

Learn about market equilibrium with free entry and exit

Market Equilibrium with Free Entry and Exit
02:56

What is Market and types of Market
07:08
About the Instructor
Mr. Arinjay Kumar Jain
4.6 Average rating
8 Reviews
50 Students
3 Courses
International Tax Expert and Former Director at KPMG India

I am an expert in International Taxation and M&A tax structuring wherein I have worked with KPMG as a Director in Indian practice helping large number of MNC, as well as domestic companies in the are of Inbound Investments, Outbound acquisition, cross border tax structuring, amalgamation, demerger, business sale amongst others. I have been a visiting faculty and have taught over 1500 professional students,  until date taught over 20000 students through online effort to promote philanthropy in basic education.