1 MAXIMIZATION UNDER LIMITS

2 EXAMPLE

3 EXTENT OF A MARKET

4 CPI

5 CPI and REAL PRICES

1 DEMAND

2 DEMAND

3 SUPPLY

4 MARKET MECHANISM

5 MARKET MECHANISM 2

6 CHANGES IN MARKET EQUILIBRIUM

7 CHANGES IN DEMAND EXAMPLE

8 ELASTICITY

9 PRICE ELASTICITY OF DEMAND

10 ELASTICITY EXAMPLE

11 EXAMPLE 2

12 POINT V. ARC ELASTICITIES

13 ELASTICITIES FOR DIFFERENT TYPES OF GOODS

14 MORE ELASTICITIES

15 SHORT RUN V LONG RUN ELASTICITIES

16 SUPPLY ELASTICITIES

17 MARKET INTERVENTION

18 Consumer Behavior- LECTURE 3 A

19 Assumptions about preferences- LECTURE 3 B

20 Indifference Curves- LECTURE 3 B (EXTENDED)

21 Indifference Maps- LECTURE 3 C

22 Convexity and Diminishing MRS- LECTURE 3 E

23 Perfect Substitutes and Perfect Complements- LECTURE 3 F

24 Utility and Utility Functions- LECTURE 3 G

25 Budget Constraint- LECTURE 3 H

26 Changes in Income and Prices affecting Budget Line- LECTURE 3 H (EXTENDED)

26 Cardinal V Ordinal Utility- LECTURE 3 H (INITIAL)

28 Consumer Choice- LECTURE 3 I

29 Examples and Corner Solutions- LECTURE 3 I (EXTENDED)

30 Equal Marginal Principle- LECTURE 3 J (2)

31 Equimarginal Principle-LECTURE 3 J

32 Relative Price Change Impact on Budget Line- LECTURE 3 H (FURTHER)

33 Price Changes and Individual demand curve-LECTURE 4 A

34 Individual Demand EXTENDED-LECTURE 4 A(EXTENDED)

35 Income Changes and Individual demand-LECTURE 4 B

36 Engel curves for Inferior and Normal Goods-LECTURE 4 C

37 Complements and Substitutes(important)-LECTURE 4D

38 Income and Substitution Effect-LECTURE 4 E

39 Inferior Good Substitution and Income Effect-LECTURE 4 E(EXTENDED)

40 Income and Substitution Effect for Giffen Goods with example-(LECTURE 4 F)

41 Market Demand-LECTURE 4 G

42 Types of Demand- Lecture 4 H

43 Consumer Surplus-LECTURE 4 I