INTRODUCTION TO MICRO ECONOMICS CHAPTER


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  • Chapter 1 for class -12th CBSE Board in very simple way

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    class-12 Economics chapter-1 ( class 1.1 )

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    The girls have outdone the boys yet again. Both CBSE toppers are from Chennai - they scored 98 per cent each.
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    What is Economics?

    2:55



    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.

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    Micro Unit 1 Summary- Basic Economic Concepts

    29:37

    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.

    The Ultimate Review Packet


    Macroeconomics Videos


    Microeconomics Videos


    Watch Econmovies


    Follow me on Twitter

  • Introduction to economics | Supply, demand, and market equilibrium | Microeconomics | Khan Academy

    9:59

    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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  • How To Study Economics for CBSE Class XI by S K Agarwala

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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.
    » 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.
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  • CA CPT INTRODUCTION TO MICRO ECONOMICS BY NAVKAR INSTITUTE

    9:41

    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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  • INTRODUCTION TO MARCO ECONOMIC CHAPTER: 8 STD.: 12TH

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  • Microeconomics - Consumer Behavior - Utility

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    Microeconomics - Consumer Behavior - Utility Theory, Cardinal Utility Theory, Marshall Utility Theory in Hindi

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  • Class 12: Microeconomics Unit 1- Introduction to Economics Quick Revision

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    Just started out. If it gets more than 10 views in 48 hours will create full series before 2015 CBSE boards exams with notes.
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  • Class 12 Board Exams Study Tips you should not MISS

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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

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  • Microeconomics - An Overview

    19:05

    This animation introduces the learner about basic ideas in microeconomics and central problems of an economy.
    This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India.

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  • Balance of payments Class XII Economics by S K Agarwala

    15:09

    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.

  • Intro to Economics: Crash Course Econ #1

    12:09

    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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  • Micro Unit 1 Intro- Basic Economic Concepts

    1:40

    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.

  • Microeconomics vs Macroeconomics

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  • ELASTICITY OF DEMAND CHAPTER: 4, STD.: 12TH, ECONOMICS

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    Lecture on 'Demand' by the department of Management Studies,
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  • Demand and Supply - Expansion/ Contraction/ Increase/ Decrease

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

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  • How to Concentrate on Studies

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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.
    1.) Right Time Table: It is very important to know how to make right time table for study as this will lead to right time management for your studies ensuring better concentration. Instead of setting big targets, start with smaller targets. Do not sit for long hours initially if you are unable to concentrate. Sit for shorter durations and increase your concentration time span day by day. Also, every individual has a peak concentration time, it can be morning, evening, noon or night. You need to find your peak concentration time and make your study time table accordingly.
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    Introduction to Micro Economics|Class-12th|Topic no-1

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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.

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    How to Choose a Degree at University

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    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.

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    MICROeconomics 19 Minute Review

    19:05

    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!

    If you need more help, check out my Ultimate Review Packet


    Unit 1-
    Unit 2-
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    If you can't explain it simply, you don't understand it well enough.
    Albert Einstein

  • Introduction to Economics, Lesson 1 - Economics Class 12th

    32:33

  • MEASURES OF CENTRAL TENDENCY CHAPTER 2, STD 12TH, STATISTICS

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  • AS-Level Economics - Video 9: Price Elasticity of Demand

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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

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    Lec 1 | MIT 14.01SC Principles of Microeconomics

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    Lecture 1: Introduction to Microeconomics
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  • MEDIAN CHAPTER:- 3, STD:- 12TH, STATISTICS

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  • Microeconomics- Everything You Need to Know

    28:55

    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.

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  • MONEY CHAPTER 12 STD.12 ECONOMICS

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  • DEMAND ANALYSIS CHAPTER: 3, STD.: 12TH, ECONOMICS

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  • Micro Unit 2 Summary- Supply, Demand, and Consumer Choice

    29:05

    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.

    Get the packet and support ACDCEcon


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  • Production function, types of products economics on your tips video 20

    15:43

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    Link for the previous video(video 19)
    Numerical problems of elasticity of demand(Class 12 microeconomics) economics on your tips video 19 - YouTube

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    Class 12 microeconomics(law of variable proportion,return to a factor)economics on your tips video21 - YouTube

  • Microeconomics explains: This American Life segment and Shark Tank episode

    10:18

    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)

  • FORAM OF MARKET AND PRICE DETERMINATION CHAPTER: 6, STD.: 12TH, ECONOMICS

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  • DETERMINANTS OF AGGREGATES CHAPTER: 10, STD.: 12TH, ECONOMICS

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  • Economics by SuperProf Puneet Duggal - Consumers Equilibrium

    30:01

    To view videos by SuperProf Puneet Duggal visit:

    About the subject: Consumers equilibrium : utility approach single good

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