Microeconomics - 1: Finding Demand
4.3 (11 ratings)
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Microeconomics - 1: Finding Demand

Theory of Demand through plots and figures
4.3 (11 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.
2,870 students enrolled
Created by Amit Goyal
Last updated 6/2016
English
Price: Free
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • choose the right approach to understand and model individual behavior.
View Curriculum
Requirements
  • It is recommended that a student should have good exposure to calculus (as is typically covered in high school). You should be comfortable with algebraic and functional notation for variables, sets, and functions.
Description

In this course, you will learn about modelling consumer behavior. You will learn how to create a simple model of consumer who wishes to choose the best affordable consumption plan. This course introduces a unique graphical approach for solving the optimization problems. The methods that you will learn in this course are useful for developing an understanding of how to create simple models in Economics.

Course is drawn from the lectures on problem solving approach that I have been teaching to undergraduate Economics students in Delhi for the past 10 years. This course is meant for students who are interested in learning key ideas in Microeconomics through a problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving. It is recommended that the student should have good exposure to calculus (as is typically covered in high school). Student must be comfortable with algebraic and functional notation for variables, sets, and functions.

Course consists of mostly videos and small quizzes to test your understanding of the content taught in videos.

Topics: Demand Function, Hicksian Demand, Substitution Effect, Income Effect.

Enjoy learning.

Who is the target audience?
  • This course is meant for students who are interested in learning key ideas in Microeconomics through a graphical and problem solving approach. No prior knowledge of Microeconomics is needed, but the student must possess liking for Mathematics and have an interest in problem solving.
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Curriculum For This Course
Expand All 18 Lectures Collapse All 18 Lectures 01:09:06
+
Introduction
4 Lectures 12:22
Introduction
03:16

Budget Line
02:45

Budget Line - Exercise
2 questions

Indifference Curves
02:22

Marginal Rate of Substitution
03:59

Indifference curve - Exercise
1 question
+
Utility Maximization
7 Lectures 35:05
Perfect Substitutes (Demand)
04:40

Perfect Substitutes (Demand) - Exercise
1 question

Perfect Complements (Demand)
05:00

Perfect Complements (Demand) - Exercise
1 question

Cobb Douglas (Demand)
06:28

Cobb Douglas (Demand) - Exercise
1 question

Hybrid of Substitutes and Complements
06:21

Hybrid of Substitutes and Complements (Demand) - Exercise
1 question

More is Better
04:15

More is Better - Exercise
1 question

Cobb Douglas (Demand Function)
03:47

Hybrid (Demand Function)
04:34
+
Expenditure Minimization
4 Lectures 13:50
Introduction to Hicksian Demand
02:57

Examples - Hicksian Demand
05:13

Hicksian Demand - Exercise
1 question

Cobb Douglas (Hicksian Demand function)
02:34

Perfect Substitutes (Hicksian Demand function)
03:06
+
Substitution Effect & Income Effect
3 Lectures 07:49
Introduction to Substitution and Income effect
02:19

Hicksian Approach
02:32

Slutsky Approach
02:58
About the Instructor
Amit Goyal
4.3 Average rating
11 Reviews
2,870 Students
1 Course

Amit is a doctoral student in Quantitative Economics at the Indian Statistical Institute. His research interests include Economic Theory, Decision Theory, and Industrial Organization. In addition to this, Amit also runs an institution called "Econ School" where he teach students who are interested in pursuing higher studies in economics. His teaching methods particularly focuses on designing interesting and challenging problems in probability, statistics, and economics.