Plus Two Economics | Theory Of Consumer Behaviour | Oneshot | Exam Winner +2 Commerce

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In this comprehensive session on "Theory of Consumer Behaviour," we delve into the core concepts essential for Plus Two Economics. Learn about utility, indifference curves, consumer equilibrium, and the factors affecting demand. This oneshot video is designed to help you ace your exams and gain a solid understanding of consumer behavior in economics. Join us and become an Exam Winner in +2 Commerce!

00:00:00 - Introduction
00:08:26 - Preliminary notations and assumptions
00:14:40 - Utility
00:17:54 - Cardinal utility analysis
00:20:30 - Marginal utility and total utility
00:31:44 - Ordinal utility analysis
00:35:15 - Indifference curve
00:37:38 - Marginal rate of substitution
00:45:40 - Law of diminishing MRS
00:46:58 - Indifference map
00:49:00 - Features of indifference curve
00:53:55 - Consumer budget
01:13:10 - Changes in budget set
01:21:16 - Consumer's equilibrium
01:26:54 - Demand
01:33:13 - Law of demand
01:38:20 - Factors determining demand for a commodity
01:47:42 - Change in demand curve
01:57:05 - Elasticity of demand
02:02:59 - Methods of measuring elasticity of demand
02:14:52 - Factors determining price elasticity of demand for a good


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