This episode provides a detailed explanation of the two main theories which explain demand: the law of diminishing marginal utility as well as the Indifference Curve Analysis.


Introduction to Undergraduate and Advanced Level Economics Seminars

Demand Theories: Diminishing Marginal Utility and Indifference Curve Analysis

This episode provides a detailed explanation to the theory of Demand. It also provides a detailed analysis of the concepts and measures of elasticity of demand.


The Theory of Demand

This episode provides a brief but detailed description of the types of economic Systems found around the globe.


Economic Systems

A detailed discussion of the central economic problem of scarcity, choice and opportunity cost. 


A level Economics: Introduction to Resource Allocation, the means and the ends.