Intro - An Introduction to Microeconomics - Prof Vimal Kumar. Lecture-01 What is Economics ?. Lecture-02 Resources, Wants & Scarcity. Lecture-03 Allocation, Command, Market and Mixed Economy. Lecture-04 Individual. Lecture-05 Rationality, Self Interest and Optimization. Lecture-06 Branches of Economics. Lecture-07 Introduction to Demand & Supply. Lecture-08 Demand. Lecture-09 Demand:Effect of Substitutes and Complements. Lecture-10 Market Demand Function. Lecture-11 Factors Affecting Demand. Lecture-12 Supply and Market Supply. Lecture-13 Supply: Effect of Substitutes and Complements. Lecture-14 Factors Affecting Supply. Lecture-15 Market Equilibrium. Lecture-16 Few Examples. Lecture-17 Application: Price Control. Lecture-18 Consumer Surplus. Lecture-19 Producer Surplus. Lecture-20 Total Surplus. Lecture-21 Effect of Price Control on Surplus. Lecture-22 Implications of Market Equilibrium. Lecture-23 Price Elasticity of Demand. Lecture-24 Elastic, Inelastic and Unit- elastic Demand. Lecture-25 Perfectly Elastic and Perfectly Inelastic Demand. Lecture-26 More on Elasticity. Lecture-27 Factors Affecting Price Elasticity of Demand. Lecture-28 Effect of Taxation. Lecture-29 Tax Imposed on Seller. Lecture-30 Incidence of Tax. Lecture-31 Incidence of Tax: Four Extremes. Lecture-32 Incidence of Tax: Effect on Surplus. Lecture-33 Towards Consumer Theory. Lecture-34 Budget Line and Budget Set. Lecture-35 Factors Affecting the Budget Line. Lecture-36 Few Examples of Changes in Budget Line. Lecture-37 Consumption Set. Lecture-38 Convexity of Consumption Set. Lecture-39 Describing Utility. Lecture-40 Some Axioms. Lecture-41 Preferences as a Mathematical Construct. Lecture-42 Rationality in Real Life Vs. Rationality in Economics. Lecture-43 More on Three Axioms of Rationality. Lecture-44 Defining Utility Function. Lecture-45 Ordinal Vs. Cardinal Utility. Lecture-46 Properties of Preferences: Continuity. Lecture-47 Indifference Set. Lecture-48 Indifference Curve. Lecture-49 Behavioural Assumption: More is Better. Lecture-50 Properties of Preferences: Convexity. Lecture-51 Marginal Rate of Substitution (MRS). Lecture-52 DMRS and Convexity: Example. Lecture-53 Summary. Lecture-54 Utility Maximization. Lecture-55 Utility Maximization: tangency criterion. Lecture-56 More on Utility Maximization. Lecture-57 Utility Maximization: Example. Lecture-58 Example Revisited. Lecture-59 Marginal Utility Vs. Marginal Rate of Substitution (MRS). Lecture-60 Perfect Substitutes. Lecture-61 Perfect Complements. Lecture-62 An Example with Quasi Linear Preferences. Lecture-63 Demand Revisited. Lecture-64 Effect of Income on Quantity Demanded. Lecture-65 Effect of Change in Price. Lecture-66 Substitution Effect and Income Effect. Lecture-67 Giffen Good. Lecture-68 Expenditure Minimization as a Dual Problem of Utility Maximization. Lecture-69 Marshallian and Hicksian Demand Function. Lecture-70 Slutsky Equation. Lecture-71 An Application: Subsidy Vs. Direct Benefit Transfer. Lecture-72 Towards Producer Theory. Lecture-73 Technology or Production Function. Lecture-74 Isoquants. Lecture-75 Few Axioms Related to Technology. Lecture-76 Axioms/ Assumptions Continued. Lecture-77 Production in Short Run. Lecture-78 Average and Marginal Product of Labour (APL & MPL). Lecture-79 More on APL and MPL. Lecture-80 Law of Diminishing Marginal Returns. Lecture-81 Production in Long Run. Lecture-82 MRTS: Few Examples. Lecture-83 Decreasing MRTS. Lecture-84 Elasticity of Substitution. Lecture-85 Returns to Scale. Lecture-86 Elasticity of Scale. Lecture-87 Economic Terminology: Opportunity Cost. Lecture-88 Economic Terminology: Sunk Cost. Lecture-89 Economic Terminology: Economic Profit and Accounting Profit. Lecture-90 Diminishing Marginal Product Vs. DMRTS. Lecture-91 Returns to Scale through Graphs. Lecture-92 Cost in Long Run. Lecture-93 Cost Minimization. Lecture-94 Cost Minimization: Few Examples. Lecture-95 Cost Minimization: Cobb-Douglas Production Function. Lecture-96 More on Cost Minimization. Lecture-97 Cost Function in the Long Run. Lecture-98 Cost in Short Run: TC, FC and VC. Lecture-99 Cost in Short Run: MC. Lecture-100 Shape of Cost Curves. Lecture-101 Factor Demand Function. Lecture-102 Output Expansion Path. Lecture-103 Cost Revisited: Quasi Fixed Cost. Lecture-104 Cobb-Douglas Function: Cost and Returns to Scale. Lecture-105 Short Run Vs. Long Run Cost Minimization. Lecture-106 Short Run Vs. Long Run Cost Minimization Through Graphs. Lecture-107 LRAC Vs. SRAC. Lecture-108 Short Run Marginal Cost Vs. Long Run Marginal Cost. Lecture-109 Profit Maximization. Lecture-110 Marginal Revenue. Lecture-111 Profit Maximization in Short Run Through Graphs. Lecture-112 Profit Maximization in Short Run Through Algebra and Calculus. Lecture-113 Market Environment. Lecture-114 Perfectly Competitive Market. Lecture-115 Supply Curve. Lecture-116 An example obtaining the short run supply function. Lecture-118 Profit maximization implies cost minimization. Lecture-119 Producer’s Surplus Revisited. Lecture-120 Profit Maximization and Returns to Scale. Lecture-121 Short Run Supply Vs. Long Run Supply. Lecture-122 Long Run Equilibrium and Supply Function. Lecture-123 Introduction to Monopoly. Lecture-124 Marginal Revenue of the Monopolist. Lecture-125 Monopoly: Price Elasticity of the Demand and MR. Lecture-126 Profit Maximization for the Monopolist. Lecture-127 Inverse Elasticity Pricing Rule. Lecture-128 Profit Maximization for the Monopolist through Graph. Lecture-129 No Supply Function for Monopoly. Lecture-130 Monopoly: Comparative Statics. Lecture-131 Imposition of the Tax on the Monopolist. Lecture-132 Welfare Effects of Monopoly Pricing. Lecture-133 Price Discrimination. Lecture-136 Introduction to Oligopoly. Lecture-134 Monopoly: Example. Lecture-135 Responses from Policy Makers. Lecture-137 Nash Equilibrium. Lecture-138 Cournot Model of Duopoly. Lecture-139 Stackelberg Model of Duopoly. Lecture-140 Bertrand Model of Duopoly. Lecture-141 Market Environment: Comparison Table.