Demand theory is an economic principle relating to the relationship between consumer demand for goods and services and their prices in the market.
Demand theory forms the basis for the demand curve, which relates consumer desire to the amount of goods available. As more of a good or service is available, demand drops and so does the equilibrium price.
In this “Theory of Consumer Demand - Applied Economics” you will learn about following topics:
- Ordinal Approach (Indifference Curve Analysis)
- Meaning of Indifference Curve
- Properties of Indifference Curve
- Consumers Equilibrium
- Changes in Consumer’s Equilibrium
- Price Effect
- Income Effect
- Substitution Effect
- Decomposition of Price Effect into Income and Substitution Effect
- Decomposition Of The Price Effect Into Income And Substitution Effects With A Fall In The Price Of Normal Goods Under Hicksian Approach
- Demand and Demand Function
- Price Elasticity of Demand (Ep)
- Types (Degree) of Price Elasticity of Demand
- Determinants of Price Elasticity of Demand
- Income Elasticity of Demand (Ey)
- Types of Income Elasticity of Demand
- Cross Elasticity of Demand (EC)
- Types Of Cross Elasticity of Demand
- Supply and Supply Function
- Price Elasticity of Supply
- Degrees or Types of Price Elasticity of Supply
- Economics of Speculation
If you like to contribute, you can mail us BCA Notes, BCA Question Collections, BCA Related Information, and Latest Technology Information at bcanotespu@gmail.com.
See your article appearing on BCA Notes (Pokhara University) main page with your designation and help other BCA Students to excel.
Please write comments if you find anything incorrect, or you want to share more information about the topic discussed above.
BCA 6th Semester Applied Economics Notes:
Unit I: Introduction Of Economics - Applied Economics
Unit III: Analysis Of Cost And Revenue - Applied Economics
Unit IV: Theory Of Production - Applied Economics
Unit V: Product Pricing - Applied Economics
Unit VI: Factor Pricing - Applied Economics
Unit VII: National Income - Applied Economics
Unit VIII: Theory Of Employment - Applied Economics
Unit IX: Consumption Saving And Investment Functions - Applied Economics
Unit X: Business Cycle - Applied Economics
Unit XI: The Mechanism Of Foreign Exchange - Applied Economics
No comments
Post a Comment
Share your honest opinion and feedback about this website, through the comment box.