3.75 out of 5
3.75
12 reviews on Udemy

Economics – Explore The Concepts Of Consumer Behavior

Learn the economics of consumer behaviour with real life examples and mathematics based solutions
Instructor:
Siraj Bardhan
620 students enrolled
English [Auto-generated]
The basics of economics and its evolution
Develop a clear understanding about how different elements determine a rational consumer's behavior
Be able to solve mathematical problems on consumer behavior part of economics

This economics course is pretty much the cornerstone to learn about the concepts of “Consumer Behavior“. The course engulfs all the basic concepts of 

  • Evolution of Economic Thoughts
  • Theory of Utility
  • Law of Diminishing Marginal Utility
  • Concept of Demand
  • Individual & Market Demand Schedule
  • Exceptions to the Law of Demand
  • Elasticity of Demand
  • Income & Cross Elasticity and Consumer Surplus
  • Indifference Analysis & Budget Analysis

The entire course is divided into 12 modules which comprises of 23 video lectures and 7 pdfs. 

Don’t forget to take the Assessment Test at the end of the course and shoot me with any questions and doubts you will have in mind.

The course is based on practical real life scenarios & mathematics based solutions for you to understand the concepts better.

Anyone who wants to learn economics, this course is your first stepping stone. We start this course from very scratch and gradually build your concepts.

So if you are a complete new learner with no prior knowledge on economics, don’t worry, this course can help you immensely.

And, if you are an existing economics student in your graduation level, this course will definitely bring better clarity to your concepts.

By the end of the course you will get detailed information and knowledge on the following areas:

  • Clear understanding of the basics of economics and its evolution
  • What are the different elements and how they can determine a rational consumer’s buying decision
  • Also you will develop substantial knowledge & clear understanding about some important concepts like:

Theory of Utility
Diminishing Marginal Utility
Concept of Demand and Demand Function
Individual & Market Demand Schedule
Elasticity of Demand
Consumer Surplus
Normal Goods & Inferior Goods
Indifference Analysis
& Budget Analysis

Introduction

1
Who Am I and What Will You Learn?

Economics - Basic Concepts

1
Evolution of Economic Thoughts
2
4 Types of Definition of Economics
3
Micro & Macro Economics - Concept

Theory of Utility

1
Definition of Utility, Features of Utility, Total & Marginal Utility
2
Summary - Theory of Utility

Law of Diminishing Marginal Utility

1
Concept of DMU, Relationship between TU & MU, Assumptions behind the Law of DMU
2
Summary - Law of Diminishing Marginal Utility

Concept of Demand

1
Demand vs Need, Factors of Demand
2
Summary - Concept of Demand

Determinants of Demand

1
Introduction to the Determinants of Demand
2
Primary Factors
3
Secondary Factors
4
Summary - Determinants of Demand

Demand Function

1
Concept of Demand Function, Individual & Market Demand Function
2
Law of Demand, Slope of Demand Curve, Negatively Sloped Demand Line - The Reason
3
Change in Quantity Demanded, Increase & Decrease in Demand
4
Summary - Demand Function

Individual & Market Demand Schedule

1
The concept & difference, How to draw Individual Market Demand Schedule
2
Reason for Downward Sloping Demand Line - under 2 types of Utility Approaches

Exceptions to the Law of Demand

1
4 Major Exceptions with Real Life Examples

Elasticity of Demand

1
Types of Elasticity, How to calculate Elasticity of Demand
2
Own Price Elasticity, Possible Outcomes of Own Price Elasticity
3
Determinants of Elasticity

Income & Cross Elasticity and Consumer Surplus

1
Income Elasticity and Nature of the Commodity
2
Cross Elasticity for both Substitutes & Complimentary Commodities
3
Consumer Surplus - Definition & Graphical Representation
4
Summary - Income Elasticity

Indifference Analysis

1
Graphical Presentation, Indifference Map for Perfect Substitutes & Complements

Budget Analysis

1
Budget Constraints, Graphical Presentation of Budget Line & its Slope

Conclusion

1
Bonus Lecture - Test Your Knowledge
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
3.8
3.8 out of 5
12 Ratings

Detailed Rating

Stars 5
6
Stars 4
2
Stars 3
2
Stars 2
1
Stars 1
1
ef4ba0bcf524d34ceaa7d87669164949
30-Day Money-Back Guarantee

Includes

2 hours on-demand video
7 articles
Full lifetime access
Access on mobile and TV
Certificate of Completion

Previously on Educor

We use cookies and collect data according to the Privacy Policy to ensure better user experience.