MEC 101 Microeconomics Analysis | Unit 1 - Class 1 Theory of Consumer Behaviour - Cardinal Theory

​‪@EcoDotComUGCNETJRF‬ ‪@MaEconomicsIgnouMaec‬ MEC 101 Microeconomics Analysis | Unit 1 - Class 1 Theory of Consumer Behaviour - Cardinal Theory 👉👉About Video : In this video we are understanding : 1 What is a Cardinal Approach : 2 What are Assumptions of Cardinal Approach ? i) Consumer is rational ii) Total Utility is The Function Of Consumption iii) Goods are good iv) Marginal Utility of 'x' is Diminishing v) Utility is Measured Cardinally or Numerically in Terms of Money vi) Marginal utility of money is constant 3 What is Meaning of consumer equilibrium ? 4 Mathematical Presentation of utility maximization ( consumer equilibrium) one commodity case (i) First order necessary condition for utility maximization ( consumer equilibrium) one commodity case : (dU(X))/dx=λ px (ii) The second order sufficient condition for utility maximisation ( consumer equilibrium)one commodity case : (∂^2 U(x))/(∂x^2 ) 4 Diagrammatic Presentation of consumer utility maximisation ( consumer equilibrium)one commodity case 👉About Us : 📌 Institute Name : Eco Dot Com 📌Office Video :    • ECO DOT COM  Recording Studio | YouTube p ...   📌Channel Name : MA ECONOMICS IGNOU MAEC 📌Android App link : https://wkprk.on-app.in/app/home?orgC... 📌 Mail id : [email protected] 📌Address - New Delhi 👉Follow Us On 🔵 Facebook page : https://www.facebook.com/profile.php?... 🟠 Instagram : https://instagram.com/ecodotcom?igshi... 🔵 telegram : https://t.me/+1GOgZvL7TBc5Yjc1 👉important Link 📌 Assignment Kaise Banaye :    • How to make Assignments MA ECONOMICS MAEC ...   📌 MEC 101 Class :    • MEC 101 Microeconomics Analysis | MA Econo...   📌 MEC 102 Class :    • MEC 102 Macroeconomics  Analysis Free Onli...   📌MEC 203 Class :    • MEC 203 Quantitative Methods Solution Of P...   📌 MAEC MA Economics Information :    • MA Economics Ignou MAEC MEC Information | ...   📌MEC 002 Previous Paper Solution :    • MEC 002 Previous 13 Paper Solution  | MEC ...   📌Basic of differentiation :    • MEC 103 | Unit 3 - class 1 | Basic of Deri...   📌Maxima Minima 1 :    • MEC 103 | Unit -4 class 2 |Maximum and Min...   📌Maxima Minima 2 :   • MEC 103 | Unit 6 Constrained Optimisation ...   📌 NET/JRF | IES | PGT Economics | RBI Grade B :    / @ecodotcomugcnetjrf   👉👉 About Channel : Dear students this channel is only for M.A. Economics IGNOU (MEC/MAEC). We have made this channel to guide the students who are really interested in learning the syllabus deeply and in detail. In this channel we tell you , how to prepare for M.A. Economics IGNOU ( MEC/MAEC) what are the reference books for different subjects, what is pattern of exam, how to make assignment etc. We provide complete coaching for MEC 103, MEC 203 Quantitative Methods and MEC 101 Microeconomics Analysis. Our course is based on all the reference books referred by IGNOU and pervious paper since 2016 because (earlier papers are outdated). We teach from our own study material that are very organized and convenient to study that is available on our Android App - ECO DOT COM ( link : http://on-app.in/app/home?orgCode=wkp... ) and available in hardcopy also .We can help you by selling solved assignment and solution of previous year question papers . #Mec101MicroeconomicsAnalysisFreeOnlineClasses #mec101MicroeconomicsAnlysisunit1class1 #mec101ImportantQuestionsAndsolutionOfPreviousYearQuestionPapers #theoryofconsumerbehaviourcardinaltheory #WhatIsTheConditionOfUtilityMaximizationAndConsumerEquilibriumOneCommodityCase #MathematicalConditionOfUtilityMaximizationAndConsumerEquilibrium #UtilityMaximizationDiagrammaticRepresentation #importanceofutilitymaximizationproblem #maeconomicsignoulectures #KuldeepSingh