Cobb Douglas Utility function : Demand curve /Normal Good/Substitutes or Complements/Elasticity |2|
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- This video answers :
How to draw an Indifference curve for a cobb Douglas utility function
How to find a Marshallian demand function for a Cobb Douglas utility function
Are the goods :
a) ordinary good or a giffen good
b) normal good or an inferior good
c) Gross Substitutes or Gross Complements
d) Engel Curve / Income Offer curve
e) Own price elasticity of demand/ Cross price elasticity of demand/ Income elasticity of demand
This is useful for those who are preparing
1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services
For any course related query please call 9999886629
or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics
or visit Ecopoint.in for MA Economics Entrance Coaching
This video answers :
How to draw an Indifference curve for a cobb Douglas utility function
How to find a Marshallian demand function for a Cobb Douglas utility function
Are the goods :
a) ordinary good or a giffen good
b) normal good or an inferior good
c) Gross Substitutes or Gross Complements
d) Engel Curve / Income Offer curve
e) Own price elasticity of demand/ Cross price elasticity of demand/ Income elasticity of demand
This is useful for those who are preparing
1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services
For any course related query please call 9999886629
or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics
or visit Ecopoint.in for MA Economics Entrance Coaching
i cannot thank you enough for sharing all these lectures. Already completed the basic maths course from your channel and i finally understood the envelope theorem. Thank you sir for all your efforts. (and I love it when you say "beta")
Thanks beta :)
sir you help a lower middle class student who can not afford this education thanks sir you serve a nation jay hind
Thank you very much sir for providing these materials free access on TH-cam.
much, much appreciated. got endsems in 4 days, and I was clueless. Thanks!
Thanks to your per-requisites playlist these are much easier to understand now.
Thank you so much Sir for sharing your valuable knowledge
Sir your explaining technique is very interesting & we got it 100%.
thank u so much sir
Thnk you so much sir..
sir ap Hero hain.
Plz make similr vedio for cobb dougl production function and CES production function
Sir, could you explain upsc economics optional syllabus in detail
mazza aa gaya sir
Thankyou sir ....
sir, can I ask for a question: Are goods with Cobb-Douglas preference luxury good or necessities?
Thanks
sir please provide us the pdf of these slides.......
Sir u r phenomenal teacher.....bt sir u don't teach why do we study Cobb-Douglas Douglas or any topic which we study...what are their use in Economics .....i have watched around more than 20+ videos in which i observe u don't communicate with student which is the drawback of effective communication....In India most of people speak in Hindi which feel more better as compare to English so i want u should teach in mixup language.... U r awesome teacher and u do such a great job for us bt sometime English conversation confused our mind to translate in Hindi or Understand the concept.. i think u have to talk sometime with student during the lecture .....No one done as a Teacher as u done....bolne k liye English hmlog v bol skte hn dheere dheere lekin smjhne k liye feel Hindi m ya Hindi aur English k mixup m hi aata hn sir😅😅...Economics ko smjhna hn sir aur India ka jhnda pure world m lgana hn....sorry sir agar meri baatein galat lagi ho to... sir Content English m to rhta hi hn aur smjhte v hn lekin Hindi mein smjhne ka mza hi kuch aur hn..... sorry sir and keep it up sir
Thanks Govind for such a lengthy comment. Yes you made a good point, it should also be told why do we use such functions in economics, but not everything can be told in one video. Yes, I would like to take that up in some preliminary video. We also learn from the doubts which you guys will have
Other about the language, there are videos which I have done in Hindi also, but we get students from all over, and when I use Hindi, they say pls teach in English :) so I have kept a point of using as simple English (moreover my English itself is also not perfect, I also make lot of mistakes) . we can try to use both languages if possible, in future , but again whether using a bilingual video is good or not, that I am never able to decide :) I just start teaching on any given day, as I like, generally without thinking much about whether to use Hindi or English, but we will try to improve
Thanks
Yes some students are disturbing element like me which told Teach in Hindi And English....Generally we talk every tym in Hindi that's why i told u....tq u sir for ur response
Please Pardon me sir,
5:43 xy+£[M-p1x-p2 👍y]
hoga na?
I am new in eco
Take respect from IGNOU.
Yes, it will be p2y sir must have written p2x by mistake
hii
Sir, where is |1| video of this playlist.
I want to watch from very beginning.
Sir where is starting Lecture of entire micro Economics?
Can I go through this for MA economics?
why x* = m / 2p1 at one place and x* = m / 2px at other place?
please help
Whether we write px or p1 it means same, it shows the price of first commodity
@@nishantmehraecopoint thanks a lot for the reply
sir what is y*?
Optimal for good y. How much you will be consuming of good y at a given income and prices
Book name