Class 12th Economics

Hello students,

In this session we are going to cover the 2nd chapter of micro economics for class 12th i.e theory of consumer behaviour in which we will discuss 

1.Basics of micro and macro economics, difference between micro and macro economics.

2.the concept of utility which covers cardinal and ordinal utility along with the concepts of total utility, marginal utility and law of diminishing marginal utility.

3.theory of law of demand along with demand curve and its features.

4. Market demand and elasticity of demand along with linear demand curve its features and relation between elasticity and expenditure

Also we will discuss the doubts after the class and solve some exercises questions.

The duration of the class will be around 1.5 hrs and we will try to cover as many concepts possible during the given time.

The remaining concepts will be covered in the next lectures which will be scheduled during this class by discussion with students.

So please do join the class to clear all your concepts regarding theory of consumer behaviour.

Thanks 

CA Ronak Khandelwal