Lecture 6 of 81Week 1
Lecture 3-Part2 : Basic Tools of Economic Analysis and Optimization Techniques- Functional relationship between economic variables, Important Economic functions
Prof. Trupti Mishra · IIT Bombay
Credits and licence
- From
- Managerial Economics, IIT Bombay (at NPTEL)
- Licence
- CC BY-NC-SA, as NPTEL states it. Non-commercial use only.
- Attribution
- NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
- Who can watch
- Tweens profiles and older. How courses are placed
All the lectures
- Lecture 1-Part1 : Introduction to Economics and Managerial Economics
- Lecture 1-Part2 : Introduction to the Managerial Economics- Economics and Managerial economics, Review of Economic Terms and Economic Rationality
- Lecture 2-Part1 : Introduction to the Managerial Economics- Opportunity Cost, Measuring and Maximizing Profit
- Lecture 2-Part2 : Introduction to the Managerial Economics- Understanding Incentive and Marginal Analysis
- Lecture 3-Part1 : Introduction to the Managerial Economics- Marginal and Incremental Analysis, Model of an Economy
- Lecture 3-Part2 : Basic Tools of Economic Analysis and Optimization Techniques- Functional relationship between economic variables, Important Economic functions
- Lecture 4-Part1 : Basic Tools of Economic Analysis and Optimization Techniques- Important Economic Function (Contd.)
- Lecture 4-Part2 : Basic Tools of Economic Analysis and Optimization Techniques- Slope and its use in Economic Analysis, Derivatives of various functions
- Lecture 5-Part1 : Basic Tools of Economic Analysis and Optimization Techniques- Derivative of various functions
- Lecture 5-Part2 : Basic Tools of Economic Analysis and Optimization Techniques- Optimization Technique
- Lecture 6-Part1 : Basic Tools of Economic Analysis and Optimization Techniques- Constrained optimization
- Lecture 6-Part2 : Basic Tools of Economic Analysis and Optimization Techniques- Regression Technique
- Lecture 7-Part1 : Basic Tools of Economic Analysis and Optimization Techniques- Regression Technique (Contd.)
- Lecture 7-Part2 : Basic Tools of Economic Analysis and Optimization Techniques- Ordinary Least Square (OLS) method
- Lecture 8-Part1 : Theory of Demand- Defining Demand, Law of Demand
- Lecture 8-Part2 : Theory of Demand- Demand Schedule/Demand Curve/ Demand Function, Factors affecting Demand, Market Demand
- Lecture 9-Part1 : Theory of Demand- Change in Demand Curve, Supply/ Law of Supply, Factors affecting Supply
- Lecture 9-Part2 : Theory of Demand- Change/Shift in the Supply, Market Equilibrium, Change in Equilibrium
- Lecture 10-Part1 : Theory of Demand- A Shift in both Supply and Demand, Elasticity of Demand, Types of Elasticity of Demand
- Lecture 10-Part2 : Theory of Demand- Price elasticity of demand, Degree of price elasticity of demand, Elasticity and revenue, Factors influencing price elasticity of demand
- Lecture 11-Part1 : Theory of Demand- Income Elasticity of Demand, Cross-Price Elasticity of Demand, Advertising Elasticity of Demand
- Lecture 11-Part2 : Theory of Demand- Numerical for each Elasticity of Demand
- Lecture 12-Part1 : Consumer Behaviour- Consumer Preferences, Utility Analysis (Total and Marginal Utility)
- Lecture 12-Part2 : Consumer Behaviour- Numerical for Utility analysis, Law of Diminishing Marginal Utility, Indifference Curve Analysis
- Lecture 13-Part1 : Consumer Behaviour-Budget line and Consumer equilibrium, Law of Equi-Marginal utility
- Lecture 13-Part2 : Consumer Behaviour- Price, Income and Substitution Effects, Consumer Surplus
- Lecture 14-Part1 : Elasticity of Supply- Numerical example to understand Consumer Surplus, Elasticity of Supply
- Lecture 14-Part2 : Elasticity of Supply-Impact of Tax on Price and Quantity, Price fixed by Law
- Lecture 15-Part1 : Demand Forecasting
- Lecture 15-Part2 : Methods of Demand Forecasting- Subjective methods of demand forecasting
- Lecture 16-Part1 : Demand Forecasting-Quantitative method of Demand forecasting
- Lecture 16-Part2 : Demand Forecasting- Quantitative method of Demand forecasting (Contd.)
- Lecture 17-Part1 : Theory of Production-Introduction
- Lecture 17-Part2 : Theory of Production- Law of Diminishing Return
- Lecture 18-Part1 : Theory of Production- long Run Production Analysis, Return to Scale, Isoquants
- Lecture 18-Part2 : Theory of Production- Isocost, Optimal Combination of Inputs, Expansion path, Economic Region of Production
- Lecture 19-Part1 : Theory of Production- Different kind of Production Functions: Cobb Douglas Production function, Optimal input combination
- Lecture 19-Part2 : Theory of Production- Effect of Changes in Input Prices, Law of Diminishing returns, Return to Scale
- Lecture 20-Part1 : Theory of Cost- Cost of Production, Types of Cost: Accounting/Economic Analysis
- Lecture 20-Part2 : Theory of Cost- Cost-Output Relationship, Short run cost Analysis
- Lecture 21-Part1 : Long Run Cost Analysis
- Lecture 21-Part2 : Long-Run Marginal Cost Curve
- Lecture 22-Part1 : Theory of Cost: Breakeven Analysis and Contribution Analysis
- Lecture 22-Part2 : Theory of Cost: Profit Volume Ratio, Margin of Safety and Learning Curve
- Lecture 23-Part1 : Theory of Cost: Application of Cost Analysis & Economies of Scale
- Lecture 23-Part2 : Theory of Cost: Production Economies
- Lecture 24-Part1 : Theory of Cost: Managerial and Transport Economies of Scale
- Lecture 24-Part2 : Theory of Market: Introduction
- Lecture 25-Part1 : Theory of Market: Perfect Competition
- Lecture 25-Part2 : Theory of Market: Short-run Profit Maximization under Perfect Competition
- Lecture 26-Part1 : Theory of Market: Short-run Market Supply and Firm Supply under Perfect Competition
- Lecture 26-Part2 : Theory of Market: Long-run Profit Maximization under Perfect Competition
- Lecture 27-Part1 : Theory of Market: Real World Application of Perfect Competition & Introduction to Monopoly
- Lecture 27-Part2 : Theory of Market: Types of Monopoly
- Lecture 28-Part1 : Theory of Market: Supply Curve of Monopoly Firm
- Lecture 28-Part2 : Theory of Market: Effect of shift of Cost in case of Monopoly
- Lecture 29-Part1 : Theory of Market: Social cost of Monopoly Power
- Lecture 29-Part2 : Theory of Market: Regulation of Monopoly Power and Monopsony
- Lecture 30-Part1 : Theory of Market: Bilateral Monopoly
- Lecture 30-Part2 : Theory of Market: Monopolistic Competition
- Lecture 31-Part1 : Theory of Market: Monopolistic Competition- Non-Price Competition and Introduction to Oligopoly
- Lecture 31-Part2 : Theory of Market: Characteristics of Oligopoly Market
- Lecture 32-Part1 : Theory of Market: Oligopoly Market continued.
- Lecture 32-Part2 : Theory of Market: Oligopoly Market- Stackelberg's Model
- Lecture 33-Part1 : Theory of Market: Collusive Oligopoly
- Lecture 33-Part2 : Theory of Market: Collusive Oligopoly continued.
- Lecture 34-Part1 : Theory of Market: Collusive Oligopoly continued.
- Lecture 34-Part2 : Theory of Market: Collusive Oligopoly-Price Leadership Model
- Lecture 35-Part1 : Oligopoly and Game Theory
- Lecture 35-Part2 : Oligopoly and Game Theory continued.
- Lecture 36-Part1 : Oligopoly and Game Theory- Nash Equilibrium
- Lecture 36-Part2 : Oligopoly and Game Theory - The Prisoner's Dilemma and Types of Games
- Lecture 37-Part1 : Applications of Game Theory in Economics
- Lecture 37-Part2 : Product pricing- Price Discrimination
- Lecture 38-Part1 : Product pricing- Price Discrimination continued.
- Lecture 38-Part2 : Types of Product pricing
- Lecture 39-Part1 : Types of Product pricing continued 1.
- Lecture 39-Part2 : Types of Product pricing continued 2.
- Lecture 40-Part1 : Types of Product pricing continued 3.
- Lecture 40-Part2 : Summary of Course
- Live Session 09-10-2020