PRINCIPLES OF MICROECONOMICS 1 | GE | UNIT 1 - 4 | ONE SHOT | DU/SOL/REGULAR/NCWEB

Telegram t.me/idea_infusion 📘 Principles of Microeconomics Unit 1–4 | Complete One Shot | Delhi University | Full Syllabus Explained in Detail This video is a complete One Shot lecture on Principles of Microeconomics covering Unit 1, Unit 2, Unit 3, and Unit 4, prepared strictly according to the latest Delhi University (DU) undergraduate syllabus. This lecture is designed for students who want full syllabus coverage, conceptual clarity, exam-oriented explanations, and quick revision in a single video. If you are searching for: Principles of Microeconomics One Shot Delhi University, Microeconomics Unit 1 to 4 full syllabus explanation, Microeconomics complete course for B.Com DU, Microeconomics for beginners in easy language, Microeconomics semester exam revision DU, Principles of Microeconomics B.Com Hons Economics Hons, then this video is your complete solution from start to finish. --- 🔍 Complete Syllabus Coverage | Principles of Microeconomics (Unit 1–4) 🔹 UNIT 1: Introduction to Microeconomics In this unit, the basic foundation of microeconomics is built clearly and logically. ✔ Meaning, definition, and nature of Microeconomics ✔ Scope and importance of microeconomics ✔ Microeconomics as a decision-making tool ✔ Central problems of an economy –  • What to produce  • How to produce  • For whom to produce ✔ Concept of scarcity and choice ✔ Opportunity cost with real-life and exam-based examples ✔ Production Possibility Curve (PPC) –  • Assumptions  • Shape of PPC  • Shifts in PPC  • PPC and economic growth ✔ Microeconomics vs Macroeconomics (full comparison) ✔ Positive economics vs Normative economics ✔ Importance of microeconomics in business and policy --- 🔹 UNIT 2: Theory of Consumer Behaviour This unit explains consumer decision-making, one of the most important theoretical areas of microeconomics. ✔ Meaning and concept of Utility ✔ Cardinal utility approach ✔ Law of Diminishing Marginal Utility – explanation and limitations ✔ Consumer equilibrium (single commodity & two commodities) ✔ Ordinal utility approach ✔ Indifference Curve Analysis –  • Assumptions  • Properties of indifference curves ✔ Budget line and consumer equilibrium ✔ Price effect ✔ Income effect and substitution effect ✔ Consumer choice and demand behaviour ✔ Important definitions, diagrams, and exam-focused answers --- 🔹 UNIT 3: Theory of Production and Cost This unit focuses on production decisions, cost behaviour, and firm analysis, which is highly scoring in exams. ✔ Meaning and concept of Production ✔ Factors of Production – Land, Labour, Capital, Entrepreneur ✔ Short run and Long run ✔ Production function ✔ Law of Variable Proportions –  • Stages  • Reasons for increasing and diminishing returns ✔ Returns to Scale –  • Increasing  • Constant  • Diminishing ✔ Difference between Law of Variable Proportions and Returns to Scale ✔ Cost concepts – Fixed cost, Variable cost, Total cost ✔ Short run cost curves – TC, TFC, TVC, AC, AVC, MC ✔ Long run cost curves – LAC and its relation with SAC ✔ Relationship between Average Cost and Marginal Cost ✔ Economies and Diseconomies of Scale --- 🔹 UNIT 4: Market Structures This unit explains price determination and firm equilibrium under different market forms. ✔ Meaning and types of Market Structures ✔ Perfect Competition –  • Features  • Revenue concepts (TR, AR, MR)  • Firm equilibrium  • Short run and long run equilibrium ✔ Monopoly –  • Features  • Price determination  • Equilibrium under monopoly ✔ Monopolistic Competition –  • Product differentiation  • Selling costs  • Short run and long run equilibrium ✔ Oligopoly –  • Features  • Kinked demand curve (basic idea)  • Price rigidity ✔ Comparison between all market forms ✔ Profit maximization condition (MR = MC) ✔ Diagram-based and exam-oriented explanations --- 🎯 Who Should Watch This Video? ✔ Delhi University students ✔ B.Com / B.Com (Hons) ✔ B.A. / B.A. (Hons) Economics ✔ BMS, BBE students ✔ First-year students learning microeconomics ✔ Students preparing for semester exams, internals, and revisions ✔ Students who want full microeconomics syllabus in one video --- ⭐ Why This One Shot Lecture is Highly Recommended? • Covers entire Principles of Microeconomics syllabus (Unit 1–4) • High-weightage and most-asked exam topics • Clear concepts + exam-oriented approach • Perfect for last-day revision before DU exams • Simple language with logical explanations • Strong foundation for CUET-PG, NET, and other commerce/economics exams --- 📚 Subject Details Subject: Principles of Microeconomics Units Covered: Unit 1, Unit 2, Unit 3, Unit 4 (Complete Course) University: Delhi University (DU) Courses: B.Com, B.Com (Hons), B.A. Economics, BMS, BBE --- 🔔 Study Tip Watch this lecture completely, revise the definitions, diagrams, and equilibrium conditions, and you will be fully prepared to score high marks in Delhi University microeconomics exams. 👉 Like, Share, and Subscribe for more Delhi University