UNIT:2 ONESHOT | Household Behaviour & Consumer Choice | Principle of microeconomics 1 | SEM V |

00:11 Introduction
00:13-01:21 Introduction to household behaviour and consumer choice
01:22-04:04 Determinants of household demand
04:05-05:39 Budget Constraint
05:40-07:03 Equation of budget constraint
07:04-07:46 Change in budget constraint due to price rise or fall
07:47-08:36 Basis of choice: UTILITY
08:37-09:47 Law of diminishing marginal utility
09:48- 13:14 Explanation of TU & MU
13:15-16:05 Graph of TU & MU
16:06-17:35 UTILITY maximising rule
17:36-19:05 Diamond water paradox
19:06-21:03 Income and substitution effect
21:04-22:29 Household choice in input markets
22:30-23:43 Labour Supply Decision
23:44-25:12 Price of leisure
25:13-27:20 income and substitution effect of wage change
27:27-28:57 Saving and borrowing: Present V/S future consumption
28:58-29:16 Last

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