What is Economics? - Definition, Meaning, Assumptions, Scope and Nature of Economics.

Описание к видео What is Economics? - Definition, Meaning, Assumptions, Scope and Nature of Economics.

This Economics lecture covers a detailed explanation of the following topics:
00:00 Introduction
00:22 What is Economics?
00:42 Microeconomics and Macroeconomics
01:14 Business economics or managerial economics
01:34 Meaning of Economics
02:15 Economics Definition
02:40 Wealth Definition of Economics
03:17 Welfare Definition of Economics
04:07 Scarcity Definition of Economics
05:02 Growth Definition of Economics
06:12 Scope of economics
06:31 Nature of Economics
06:50 Assumptions in Economics
07:19 Consumers have rational preferences
07:41 Existence of perfect competition
07:59 Existence of equilibrium
08:24 Difference Between Economics and Business Economics

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