# An Introduction to Microeconomics

- Institution: IIT Kanpur
- Department: Humanities and Social Sciences
- Teacher: Prof. Vimal Kumar
- Level: Undergraduate
- Language: English
- Subjects: Society and politics
- Source: [NPTEL](https://nptel.ac.in/courses/109104125)
- Licence: [CC BY-NC-SA](https://nptel.ac.in/faq) (Non-commercial use only.)
- Syllabus: [at the source](https://nptel.ac.in/courses/109104125)
- Who can watch: Teens profiles and older (sources give no ratings; placed by Invisible Network from the source's own words)

## Lectures

1. [Lecture-01 What is Economics ?](https://invisiblenetwork.ai/learn/nptel/109104125/79a395d3dcc4) (Video)
2. [Lecture-02 Resources, Wants & Scarcity](https://invisiblenetwork.ai/learn/nptel/109104125/7e5c5d0fd6e9) (Video)
3. [Lecture-03 Allocation, Command, Market and Mixed Economy](https://invisiblenetwork.ai/learn/nptel/109104125/143ac40fdcff) (Video)
4. [Lecture-04 Individual](https://invisiblenetwork.ai/learn/nptel/109104125/7b9686250d3c) (Video)
5. [Lecture-05 Rationality, Self Interest and Optimization](https://invisiblenetwork.ai/learn/nptel/109104125/7509d763236a) (Video)
6. [Lecture-06 Branches of Economics](https://invisiblenetwork.ai/learn/nptel/109104125/9294e6e15e27) (Video)
7. [Lecture-07 Introduction to Demand & Supply](https://invisiblenetwork.ai/learn/nptel/109104125/85c88d76e796) (Video)
8. [Lecture-08 Demand](https://invisiblenetwork.ai/learn/nptel/109104125/19661f29f5b2) (Video)
9. [Lecture-09 Demand:Effect of Substitutes and Complements](https://invisiblenetwork.ai/learn/nptel/109104125/5e7eb8921d91) (Video)
10. [Lecture-10 Market Demand Function](https://invisiblenetwork.ai/learn/nptel/109104125/13e3f1123da3) (Video)
11. [Lecture-11 Factors Affecting Demand](https://invisiblenetwork.ai/learn/nptel/109104125/607317ab469d) (Video)
12. [Lecture-12 Supply and Market Supply](https://invisiblenetwork.ai/learn/nptel/109104125/712e52f3f3cf) (Video)
13. [Lecture-13 Supply: Effect of Substitutes and Complements](https://invisiblenetwork.ai/learn/nptel/109104125/87f77c5e777a) (Video)
14. [Lecture-14 Factors Affecting Supply](https://invisiblenetwork.ai/learn/nptel/109104125/66c81647bbba) (Video)
15. [Lecture-15 Market Equilibrium](https://invisiblenetwork.ai/learn/nptel/109104125/6fd816e0a9b5) (Video)
16. [Lecture-16 Few Examples](https://invisiblenetwork.ai/learn/nptel/109104125/b88681b77b48) (Video)
17. [Lecture-17 Application: Price Control](https://invisiblenetwork.ai/learn/nptel/109104125/c0f70b68fe68) (Video)
18. [Lecture-18 Consumer Surplus](https://invisiblenetwork.ai/learn/nptel/109104125/26fe45ff1946) (Video)
19. [Lecture-19 Producer Surplus](https://invisiblenetwork.ai/learn/nptel/109104125/4302a88861df) (Video)
20. [Lecture-20 Total Surplus](https://invisiblenetwork.ai/learn/nptel/109104125/5ffa0c0f377d) (Video)
21. [Lecture-21 Effect of Price Control on Surplus](https://invisiblenetwork.ai/learn/nptel/109104125/9849615f8f93) (Video)
22. [Lecture-22 Implications of Market Equilibrium](https://invisiblenetwork.ai/learn/nptel/109104125/a4bd6f8d2596) (Video)
23. [Lecture-23 Price Elasticity of Demand](https://invisiblenetwork.ai/learn/nptel/109104125/b243c414ff0d) (Video)
24. [Lecture-24 Elastic, Inelastic and Unit- elastic Demand](https://invisiblenetwork.ai/learn/nptel/109104125/54472f3822f1) (Video)
25. [Lecture-25 Perfectly Elastic and Perfectly Inelastic Demand](https://invisiblenetwork.ai/learn/nptel/109104125/b0de88c2ecd4) (Video)
26. [Lecture-26 More on Elasticity](https://invisiblenetwork.ai/learn/nptel/109104125/46d551be2765) (Video)
27. [Lecture-27 Factors Affecting Price Elasticity of Demand](https://invisiblenetwork.ai/learn/nptel/109104125/a52c9e2cb655) (Video)
28. [Lecture-28 Effect of Taxation](https://invisiblenetwork.ai/learn/nptel/109104125/7aa119c6dd88) (Video)
29. [Lecture-29 Tax Imposed on Seller](https://invisiblenetwork.ai/learn/nptel/109104125/7bf35dfa0a93) (Video)
30. [Lecture-30 Incidence of Tax](https://invisiblenetwork.ai/learn/nptel/109104125/31e43525ca9b) (Video)
31. [Lecture-31 Incidence of Tax: Four Extremes](https://invisiblenetwork.ai/learn/nptel/109104125/4e22c17f40a9) (Video)
32. [Lecture-32 Incidence of Tax: Effect on Surplus](https://invisiblenetwork.ai/learn/nptel/109104125/6f5c9e61398c) (Video)
33. [Lecture-33 Towards Consumer Theory](https://invisiblenetwork.ai/learn/nptel/109104125/bebe55d19e36) (Video)
34. [Lecture-34 Budget Line and Budget Set](https://invisiblenetwork.ai/learn/nptel/109104125/99c21d086742) (Video)
35. [Lecture-35 Factors Affecting the Budget Line](https://invisiblenetwork.ai/learn/nptel/109104125/27664d20d4f4) (Video)
36. [Lecture-36 Few Examples of Changes in Budget Line](https://invisiblenetwork.ai/learn/nptel/109104125/a99af9cabf3c) (Video)
37. [Lecture-37 Consumption Set](https://invisiblenetwork.ai/learn/nptel/109104125/d5fa443b4fc2) (Video)
38. [Lecture-38 Convexity of Consumption Set](https://invisiblenetwork.ai/learn/nptel/109104125/0a6e71782bd1) (Video)
39. [Lecture-39 Describing Utility](https://invisiblenetwork.ai/learn/nptel/109104125/7ddba45f8609) (Video)
40. [Lecture-40 Some Axioms](https://invisiblenetwork.ai/learn/nptel/109104125/3f65134c1761) (Video)
41. [Lecture-41 Preferences as a Mathematical Construct](https://invisiblenetwork.ai/learn/nptel/109104125/c0e6007034d8) (Video)
42. [Lecture-42 Rationality in Real Life Vs. Rationality in Economics](https://invisiblenetwork.ai/learn/nptel/109104125/2195623d909d) (Video)
43. [Lecture-43 More on Three Axioms of Rationality](https://invisiblenetwork.ai/learn/nptel/109104125/e4d283d17711) (Video)
44. [Lecture-44 Defining Utility Function](https://invisiblenetwork.ai/learn/nptel/109104125/9a075857dec6) (Video)
45. [Lecture-45 Ordinal Vs. Cardinal Utility](https://invisiblenetwork.ai/learn/nptel/109104125/7950846c8c59) (Video)
46. [Lecture-46 Properties of Preferences: Continuity](https://invisiblenetwork.ai/learn/nptel/109104125/3e7812a33a8f) (Video)
47. [Lecture-47 Indifference Set](https://invisiblenetwork.ai/learn/nptel/109104125/516ec9790df6) (Video)
48. [Lecture-48 Indifference Curve](https://invisiblenetwork.ai/learn/nptel/109104125/a2f7591bc90b) (Video)
49. [Lecture-49 Behavioural Assumption: More is Better](https://invisiblenetwork.ai/learn/nptel/109104125/e6215d03209e) (Video)
50. [Lecture-50 Properties of Preferences: Convexity](https://invisiblenetwork.ai/learn/nptel/109104125/c417b05b2851) (Video)
51. [Lecture-51 Marginal Rate of Substitution (MRS)](https://invisiblenetwork.ai/learn/nptel/109104125/3f20121b6107) (Video)
52. [Lecture-52 DMRS and Convexity: Example](https://invisiblenetwork.ai/learn/nptel/109104125/159b16b48946) (Video)
53. [Lecture-53 Summary](https://invisiblenetwork.ai/learn/nptel/109104125/3f8befdd48ba) (Video)
54. [Lecture-54 Utility Maximization](https://invisiblenetwork.ai/learn/nptel/109104125/71c0366729e7) (Video)
55. [Lecture-55 Utility Maximization: tangency criterion](https://invisiblenetwork.ai/learn/nptel/109104125/7c8264b3915f) (Video)
56. [Lecture-56 More on Utility Maximization](https://invisiblenetwork.ai/learn/nptel/109104125/c9353aedadcb) (Video)
57. [Lecture-57 Utility Maximization: Example](https://invisiblenetwork.ai/learn/nptel/109104125/176a0579a996) (Video)
58. [Lecture-58 Example Revisited](https://invisiblenetwork.ai/learn/nptel/109104125/f2c71fcdbcc3) (Video)
59. [Lecture-59 Marginal Utility Vs. Marginal Rate of Substitution (MRS)](https://invisiblenetwork.ai/learn/nptel/109104125/3cfa39c3db07) (Video)
60. [Lecture-60 Perfect Substitutes](https://invisiblenetwork.ai/learn/nptel/109104125/0c2f42160578) (Video)
61. [Lecture-61 Perfect Complements](https://invisiblenetwork.ai/learn/nptel/109104125/18a5a7980f02) (Video)
62. [Lecture-62 An Example with Quasi Linear Preferences](https://invisiblenetwork.ai/learn/nptel/109104125/d88cc8d5a2d2) (Video)
63. [Lecture-63 Demand Revisited](https://invisiblenetwork.ai/learn/nptel/109104125/08970a4d3e2e) (Video)
64. [Lecture-64 Effect of Income on Quantity Demanded](https://invisiblenetwork.ai/learn/nptel/109104125/fac83ab1fe6f) (Video)
65. [Lecture-65 Effect of Change in Price](https://invisiblenetwork.ai/learn/nptel/109104125/3d62c532251c) (Video)
66. [Lecture-66 Substitution Effect and Income Effect](https://invisiblenetwork.ai/learn/nptel/109104125/d93e7562badc) (Video)
67. [Lecture-67 Giffen Good](https://invisiblenetwork.ai/learn/nptel/109104125/8bff1ecaef8e) (Video)
68. [Lecture-68 Expenditure Minimization as a Dual Problem of Utility Maximization](https://invisiblenetwork.ai/learn/nptel/109104125/695867c13508) (Video)
69. [Lecture-69 Marshallian and Hicksian Demand Function](https://invisiblenetwork.ai/learn/nptel/109104125/0e6b144f1550) (Video)
70. [Lecture-70 Slutsky Equation](https://invisiblenetwork.ai/learn/nptel/109104125/cdb19c06d298) (Video)
71. [Lecture-71 An Application: Subsidy Vs. Direct Benefit Transfer](https://invisiblenetwork.ai/learn/nptel/109104125/89ef8fd8cdc9) (Video)
72. [Lecture-72 Towards Producer Theory](https://invisiblenetwork.ai/learn/nptel/109104125/ec2dc4844b80) (Video)
73. [Lecture-73 Technology or Production Function](https://invisiblenetwork.ai/learn/nptel/109104125/7468c0521b63) (Video)
74. [Lecture-74 Isoquants](https://invisiblenetwork.ai/learn/nptel/109104125/abb23196033d) (Video)
75. [Lecture-75 Few Axioms Related to Technology](https://invisiblenetwork.ai/learn/nptel/109104125/f53aba89fa84) (Video)
76. [Lecture-76 Axioms/ Assumptions Continued](https://invisiblenetwork.ai/learn/nptel/109104125/681a2d700a31) (Video)
77. [Lecture-77 Production in Short Run](https://invisiblenetwork.ai/learn/nptel/109104125/fc98d0b0a990) (Video)
78. [Lecture-78 Average and Marginal Product of Labour (APL & MPL)](https://invisiblenetwork.ai/learn/nptel/109104125/e19b61781e60) (Video)
79. [Lecture-79 More on APL and MPL](https://invisiblenetwork.ai/learn/nptel/109104125/c8afc4263842) (Video)
80. [Lecture-80 Law of Diminishing Marginal Returns](https://invisiblenetwork.ai/learn/nptel/109104125/31cb6a4175d4) (Video)
81. [Lecture-81 Production in Long Run](https://invisiblenetwork.ai/learn/nptel/109104125/d131f97ce0d9) (Video)
82. [Lecture-82 MRTS: Few Examples](https://invisiblenetwork.ai/learn/nptel/109104125/8bf1bb412378) (Video)
83. [Lecture-83 Decreasing MRTS](https://invisiblenetwork.ai/learn/nptel/109104125/a4dcf8048ec7) (Video)
84. [Lecture-84 Elasticity of Substitution](https://invisiblenetwork.ai/learn/nptel/109104125/f718bbf5deae) (Video)
85. [Lecture-85 Returns to Scale](https://invisiblenetwork.ai/learn/nptel/109104125/13940774ba41) (Video)
86. [Lecture-86 Elasticity of Scale](https://invisiblenetwork.ai/learn/nptel/109104125/e32a7089c953) (Video)
87. [Lecture-87 Economic Terminology: Opportunity Cost](https://invisiblenetwork.ai/learn/nptel/109104125/f203c4db67d5) (Video)
88. [Lecture-88 Economic Terminology: Sunk Cost](https://invisiblenetwork.ai/learn/nptel/109104125/3ad939dc9d26) (Video)
89. [Lecture-89 Economic Terminology: Economic Profit and Accounting Profit](https://invisiblenetwork.ai/learn/nptel/109104125/a63910749d5c) (Video)
90. [Lecture-90 Diminishing Marginal Product Vs. DMRTS](https://invisiblenetwork.ai/learn/nptel/109104125/f267fa269a50) (Video)
91. [Lecture-91 Returns to Scale through Graphs](https://invisiblenetwork.ai/learn/nptel/109104125/d0f6f4cc4dc8) (Video)
92. [Lecture-92 Cost in Long Run](https://invisiblenetwork.ai/learn/nptel/109104125/ee6ac4a84776) (Video)
93. [Lecture-93 Cost Minimization](https://invisiblenetwork.ai/learn/nptel/109104125/29887184c8a8) (Video)
94. [Lecture-94 Cost Minimization: Few Examples](https://invisiblenetwork.ai/learn/nptel/109104125/2a92ae376e0a) (Video)
95. [Lecture-95 Cost Minimization: Cobb-Douglas Production Function](https://invisiblenetwork.ai/learn/nptel/109104125/492923abda13) (Video)
96. [Lecture-96 More on Cost Minimization](https://invisiblenetwork.ai/learn/nptel/109104125/78bdfa0b7f0e) (Video)
97. [Lecture-97 Cost Function in the Long Run](https://invisiblenetwork.ai/learn/nptel/109104125/f4c97bd42741) (Video)
98. [Lecture-98 Cost in Short Run: TC, FC and VC](https://invisiblenetwork.ai/learn/nptel/109104125/a2f88e93d1b9) (Video)
99. [Lecture-99 Cost in Short Run: MC](https://invisiblenetwork.ai/learn/nptel/109104125/e13ddb763388) (Video)
100. [Lecture-100 Shape of Cost Curves](https://invisiblenetwork.ai/learn/nptel/109104125/122c81511017) (Video)
101. [Lecture-101 Factor Demand Function](https://invisiblenetwork.ai/learn/nptel/109104125/8779d42f7e27) (Video)
102. [Lecture-102 Output Expansion Path](https://invisiblenetwork.ai/learn/nptel/109104125/6c4a5229ab26) (Video)
103. [Lecture-103 Cost Revisited: Quasi Fixed Cost](https://invisiblenetwork.ai/learn/nptel/109104125/d189a8dc1826) (Video)
104. [Lecture-104 Cobb-Douglas Function: Cost and Returns to Scale](https://invisiblenetwork.ai/learn/nptel/109104125/d19e48f3e640) (Video)
105. [Lecture-105 Short Run Vs. Long Run Cost Minimization](https://invisiblenetwork.ai/learn/nptel/109104125/d5037e12126f) (Video)
106. [Lecture-106 Short Run Vs. Long Run Cost Minimization Through Graphs](https://invisiblenetwork.ai/learn/nptel/109104125/019dc415266f) (Video)
107. [Lecture-107 LRAC Vs. SRAC](https://invisiblenetwork.ai/learn/nptel/109104125/c038c9253ded) (Video)
108. [Lecture-108 Short Run Marginal Cost Vs. Long Run Marginal Cost](https://invisiblenetwork.ai/learn/nptel/109104125/387fbe90e218) (Video)
109. [Lecture-109 Profit Maximization](https://invisiblenetwork.ai/learn/nptel/109104125/1bcc4788f2e7) (Video)
110. [Lecture-110 Marginal Revenue](https://invisiblenetwork.ai/learn/nptel/109104125/372911255b14) (Video)
111. [Lecture-111 Profit Maximization in Short Run Through Graphs](https://invisiblenetwork.ai/learn/nptel/109104125/02940028b771) (Video)
112. [Lecture-112 Profit Maximization in Short Run Through Algebra and Calculus](https://invisiblenetwork.ai/learn/nptel/109104125/f2bd63f8129c) (Video)
113. [Lecture-113 Market Environment](https://invisiblenetwork.ai/learn/nptel/109104125/c58fe09fcd52) (Video)
114. [Lecture-114 Perfectly Competitive Market](https://invisiblenetwork.ai/learn/nptel/109104125/aea3b3829394) (Video)
115. [Lecture-115 Supply Curve](https://invisiblenetwork.ai/learn/nptel/109104125/ea5daeae9a06) (Video)
116. [Lecture-116 An example obtaining the short run supply function](https://invisiblenetwork.ai/learn/nptel/109104125/308a9767f951) (Video)
117. [Lecture-117 Two Interpretations of Supply Function](https://invisiblenetwork.ai/learn/nptel/109104125/aef79232ded2) (Video)
118. [Lecture-118 Profit maximization implies cost minimization](https://invisiblenetwork.ai/learn/nptel/109104125/5da40fa51e27) (Video)
119. [Lecture-119 Producer’s Surplus Revisited](https://invisiblenetwork.ai/learn/nptel/109104125/d5a383e24079) (Video)
120. [Lecture-120 Profit Maximization and Returns to Scale](https://invisiblenetwork.ai/learn/nptel/109104125/acb354d9cc0e) (Video)
121. [Lecture-121 Short Run Supply Vs. Long Run Supply](https://invisiblenetwork.ai/learn/nptel/109104125/8c8eb569b01b) (Video)
122. [Lecture-122 Long Run Equilibrium and Supply Function](https://invisiblenetwork.ai/learn/nptel/109104125/a33aed49031c) (Video)
123. [Lecture-123 Introduction to Monopoly](https://invisiblenetwork.ai/learn/nptel/109104125/b84290c4dbc9) (Video)
124. [Lecture-124 Marginal Revenue of the Monopolist](https://invisiblenetwork.ai/learn/nptel/109104125/6845571f78fb) (Video)
125. [Lecture-125 Monopoly: Price Elasticity of the Demand and MR](https://invisiblenetwork.ai/learn/nptel/109104125/8e8c229f084c) (Video)
126. [Lecture-126 Profit Maximization for the Monopolist](https://invisiblenetwork.ai/learn/nptel/109104125/0c5ee5cee527) (Video)
127. [Lecture-127 Inverse Elasticity Pricing Rule](https://invisiblenetwork.ai/learn/nptel/109104125/f86270ac4ec2) (Video)
128. [Lecture-128 Profit Maximization for the Monopolist through Graph](https://invisiblenetwork.ai/learn/nptel/109104125/8cf3fec8b6f5) (Video)
129. [Lecture-129 No Supply Function for Monopoly](https://invisiblenetwork.ai/learn/nptel/109104125/f2f18b1d1981) (Video)
130. [Lecture-130 Monopoly: Comparative Statics](https://invisiblenetwork.ai/learn/nptel/109104125/b9e10cd7f77a) (Video)
131. [Lecture-131 Imposition of the Tax on the Monopolist](https://invisiblenetwork.ai/learn/nptel/109104125/8c4cdfbcfb34) (Video)
132. [Lecture-132 Welfare Effects of Monopoly Pricing](https://invisiblenetwork.ai/learn/nptel/109104125/b5ae4a6f54ee) (Video)
133. [Lecture-133 Price Discrimination](https://invisiblenetwork.ai/learn/nptel/109104125/142c1116c5cc) (Video)
134. [Lecture-134 Monopoly: Example](https://invisiblenetwork.ai/learn/nptel/109104125/3a8c6a53c28c) (Video)
135. [Lecture-135 Responses from Policy Makers](https://invisiblenetwork.ai/learn/nptel/109104125/e486bd9b776e) (Video)
136. [Lecture-136 Introduction to Oligopoly](https://invisiblenetwork.ai/learn/nptel/109104125/9135ae721152) (Video)
137. [Lecture-137 Nash Equilibrium](https://invisiblenetwork.ai/learn/nptel/109104125/1c253a21d1d5) (Video)
138. [Lecture-138 Cournot Model of Duopoly](https://invisiblenetwork.ai/learn/nptel/109104125/25dc381ea151) (Video)
139. [Lecture-139 Stackelberg Model of Duopoly](https://invisiblenetwork.ai/learn/nptel/109104125/698f3f652c01) (Video)
140. [Lecture-140 Bertrand Model of Duopoly](https://invisiblenetwork.ai/learn/nptel/109104125/971d1543e883) (Video)
141. [Lecture-141 Market Environment: Comparison Table](https://invisiblenetwork.ai/learn/nptel/109104125/2e3a774ff4ef) (Video)