Class 11 Economics Chapter 1 & 2 | Introduction | Consumer's Equilibrium - Full Chapter
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✅ In this video,
✔️ Class: 11th
✔️ Subject: Microeconomics (Sandeep Garg)
✔️ Chapter: Introduction (Chapter 1) & Consumer's Equilibrium (Chapter 2)
✔️ Topic Name: Class 11 Microeconomics Chapter 1 & 2 | Introduction | Consumer's Equilibrium - Full Chapter
✔️ Topics Covered In This Video (By Sakshi Mam): Get a comprehensive understanding of Class 11 Microeconomics with a full chapter explanation of Chapter 1 & 2 - Introduction and Consumer's Equilibrium. In this YouTube video, we dive into the intricacies of these chapters, covering the fundamental concepts and theories in microeconomics. From understanding the basics of economics to exploring consumer behavior and equilibrium, we provide a detailed explanation to help you grasp the subject with ease. Whether you're a student, parent, or economics enthusiast, this video is your ultimate guide to mastering Class 11 Microeconomics. Watch now and strengthen your knowledge!
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00:00 Introduction: Chapter 1 & 2: Full Chapter Explanation: Microeconomics
01:59 Chapter 1: Overview of Economics - Introduction
02:45 What is an Economy?
05:28 Vital Processes of an Economy
10:27 Economic Problem
14:21 Reasons for Economic Problem
32:22 What is Economics ?
35:57 Positive Economics and Normative Economics
42:10 Microeconomics and Macroeconomics
47:45 Central Problems of an Economy
01:00:50 Opportunity Cost
01:05:32 Production Possibility Frontier (PPF)
01:45:32 Chapter 2: Consumer's Equilibrium - Complete Chapter Revision
01:52:23 Cardinal Utility Approach
01:56:13 Utility
02:16:37 Law of Diminishing Marginal Utility
02:38:41 Consumer's Equilibrium
03:08:19 Ordinal Utility Approach
03:34:17 Budget Line
03:57:09 Consumer's Equilibrium by Indifference Curve Analysis
04:07:01 Website Overview
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