INTRODUCTION TO MICRO ECONOMICS CHAPTER

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Introduction to Economics:-
Definitions by Adam Smith, Marshal, Lord Robbins and Prof Sameulson.
Nature and Scope of Economics
Microeconomics v/s Macroeconomics. Capitalism - Socialism - Mixed Economy Basics.
And Economic Activities

We use normal Indian Hindi English communication.

The girls have outdone the boys yet again. Both CBSE toppers are from Chennai - they scored 98 per cent each.
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The typical first-year student walks into his first economics class with very little idea of what economics is. He might have heard something like, economics is the study of money, or economics is another word for accounting, or economics is hard, don't take that class, but none of those are true.

Economics is the study of the use of scarce resources that have alternative uses. That's the classic definition of economics. Basically, there are people, and people need resources to fulfil their desires. These resources cannot be infinite, but the desires can be, so people need to make choices about how to use their scarce resources. Economists study these choices.

All economic questions fall into one of two categories: positive and normative. Positive economics describes what is and normative economics argues for what ought to be, so a question like, why do people use money? is a positive question and should people use money? is a normative question.

A general rule of thumb is that if your economic model has no value judgements, it's positive economics, and if it does have value judgements it's normative economics, since to tell someone what he ought to do, you first have to judge what is best for him.

Economics is also divided into microeconomics and macroeconomics. Microeconomics studies the behaviour of individual agents and markets, while macroeconomics studies the behaviour of the entire economy.

Economists also have their own branch of statistics called econometrics that's specialized to analyzing economic data. Since economic data usually comes from the real world, and not from controlled experiments, econometrics faces mathematical challenges that other fields might not.

The tools economists have developed to study human behaviour have broad uses outside of what we would traditionally consider economics. Economists study not only markets, but things like crime, war, the family, religion, culture, politics, law, and even genetics. That's why it's not unusual to see papers by psychologists, sociologists, criminologists, political scientists, anthropologists, biologists, neuroscientists, or legal scholars being co-authored by economists.

The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.

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Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith.

Watch the next lesson:

Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course

About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything.

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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with video lectures by Eminent Authors/Subject Expert with NO EXTRA COST.
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» Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi.
» Up-to-date study material provided by using the latest available data.
» Elaborate explanation of the concepts.
» Summary (Points to Remember) given at the end of each Chapter.
» Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters.
» Methodology of solving typical numerical problems given wherever necessary.
» Methodology of drawing typical diagrams given wherever necessary.
» Comprehensive Exercises given at the end of each Chapter.
» Sample Question Paper given at the end of the book.
» Multi-disciplinay Problems given at the end of the books.
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Micro Economics Video lectures by Prof. Satyajeet Deshpandey. It contains a Chapter Introduction of Micro Economics Especially designed By NAVKAR INSTITUTE as a part of online coaching Programme for Professional Courses like CA,CS, CMA.

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12 Board Exam Study Tips you should not MISS by SuccessCDs Education and Genesis Educates. In this Video Sahil Khanna, Director Genesis Educates talks about the Study and Exam Preparation Tips for Board Exams

Also See video on How to score better marks in exams

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This animation introduces the learner about basic ideas in microeconomics and central problems of an economy.
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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert.

To buy books visit goyal-books.com
To view FREE Video Lectures visit goyalsOnline.com/commerce

About the Book
» Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi.
» Up-to-date study material provided by using the latest available data.
» Elaborate explanation of the concepts.
» Summary (Points to Remember) given at the end of each Chapter.
» Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters.
» Methodology of solving typical numerical problems given wherever necessary.
» Methodology of drawing typical diagrams given wherever necessary.
» Comprehensive Exercises given at the end of each Chapter.
» Sample Question Paper given at the end of the book.
» Multi-disciplinay Problems given at the end of the books.
» Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert.

Benefits of Video Lectures
» Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones.
» Students learn when they are primed to learn.
» Students can pause, rewind and replay the lecture.
» Eases the distraction of having to transcribe the lectures.
» Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly
» Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point.
» Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video.
» Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything.
» Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.

In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!

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A quick overview of what you will cover in the first unit of Microeconomics. Watch the Unit 1 Playlist-

Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.

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Lecture on 'Demand' by the department of Management Studies,
Garden City College, Bangalore

This video explains the concept of Expansion, Contraction, Increase and Decrease in Demand and Supply.

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Here comes a video for students on how to concentrate on studies in Hindi. This Video will give you 10 Study Tips in Hindi which will help you to concentrate more in your studies. This video is more than a training video, it is also a motivational video for students who want to know how to get good marks in exams and studies.

Following are the 10 study tips in hindi which will help you to focus on your studies.
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2.) Proper sleep for Students: Do you know how much sleep you need? Though it varies from body to body, but on an average a student should sleep for 7-8 hours. This will help you to concentrate while studying.
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10) Meditation for Students in Hindi: Another tip to develop your concentration is meditation and yoga. This can do wonders in your concentration power. Regular mediation for study and yoga for students can enhance your focus time on study. Bhramari Pranayama, Sun Salutation(Surya Namaskar) and Shoulder Stand (Sarvangasana) can help students a lot.

So these were study tips in hindi for students which can help you to concentrate on studies. Wish you all the Best.

Regards,
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Motivational Speaker for students.

Introduction of theory of demand...
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A brief introductory class on Meaning of Economy and Economics, Types of Economy, Branches Of Economics,Difference between Micro and Macro economics and Economic analysis.

In this video ( the first in a very long time) we go through a few things to consider when choosing what course you want to study at uni.

In this video I reviews all of MICROeconomics in 19 minutes. (Note- I used the same intro from the macro video since Unit 1 is the same, but this definitely covers MICRO). Click on the box to learn about specific topics/graphs or watch the playlists below. Please Subscribe!

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Unit 1-
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If you can't explain it simply, you don't understand it well enough.
Albert Einstein

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Video 9 out of 50 covering AS-Level Economics. This video covers the essential microeconomics concept of Price Elasticity of Demand

Lecture 1: Introduction to Microeconomics
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In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit Summary videos.

If you like my videos please get the Ultimate Review Packet. It is the best way to say thank you. It is awesome and it's only $10. Here is the link:

I cover scarcity, opportunit costs, the PPC, comparative advantage, demand, supply, ceilings, floors, shifts, elasticity, taxes, consumer suprlus, consumer choice, costs of production, perfect competition, monopolies, opligopolies, mono[olistic competition, labor markets and firms, monopsonies, public goods, externalities, and the Lorenz curve. Wow! That's a lot. Get ready. Here we go!!!!!!!!!!!!!



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Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility (26:15). Be sure to subscribe and get the ultimate review packet. Thanks for watching.

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This video shows how microeconomics can be applied to help us better understand a This American Life podcast and a Shark Tank episode.

Example 1: Paying Criminals - a case study from This American Life, Episode 555, Act Two: Crime Pays. Link here:


Example 2: Shark Tank (any episode will do)

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