MPT - 404038

Shikha B Female, 24 Years

Associated for 1 Year 5 Months
Passionate about teaching Economics and to share my ideas.
Class 11 - 12 Tutor

Activity Score - 167

Qualification :
  • B.A (Patna Women's College, Patna University - 2018)
  • M.A (Nalanda Open University - 2021)
  • Hourly Fees:
    INR 300
Tutoring Experience :
I have done B.A.(ECO) from Patna Women's College(2015-18) and pursuing M.A.(ECO) from Nalanda Open University (2018-20) I have got a research paper titled "Non Performing Assets" in University journal.
Tutoring Option :
I Can Manage Both
Tutoring Approach :
I am passionate about teaching. I have sound knowledge in Economics and want to share my tricks and notes with other students. I believe that learning is a two way process so I prefer group discussion method for making students understand the concepts effectively.
Teaches:
Class 11 - 12 Economics CBSE/ISC INR 300 / Hour
College Level Economics INR 500 / Hour

3 Presentations prepared by me

  • Presentation On Demand

    227 times downloaded

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  • Presentation On Utility

    98 times downloaded

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  • Presentation On National Income

    174 times downloaded

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  • Question: Why an indifference curve is convex to the origin?

    Posted in: Economics | Date: 22/12/2020

    Answer:

    There are two main laws operating behind an indifference curve being convex to the origin. First is the law of diminishing marginal utility which means as consumer goes on consuming additional units of a particular good the marginal utility derived from one additional unit decreases because the utility or satisfaction achieved starts decreasing and after the point of saturation it becomes negative also...In accordance with this a law called marginal rate of substitution operates simultaneously. For this one should be clear about what it is..Suppose there are two goods X and Y then marginal rate of substitution of X for Y means the no of units of good Y the consumer is willing to forego to get an additional unit of good X given the money income. So it is quite obvious that in order to gain one more unit of good X the no of units of good Y the consumer will be willing to forego will go on diminishing due to the law of diminishing marginal utility..So the indifference curve thus formed will be convex to the origin due to the slope which is determined by marginal rate of substitution.

  • Answer:

    The relationship between the size of k(multiplier) and MPS( marginal propensity to save) is of an inverse nature.

    For ex- 1. Suppose MPS is 0.25 then the size of multiplier will be k = 1/MPS then the ans will be k = 4, which means an investment of Rs. 1 lac will increase the income level by Rs. 4 lacs.                                                                                         If in another case suppose MPS is 0.50 then the size of multiplier will be k = 1/MPS and the ans will be k = 2.

    With every increase in MPS, the size of mutiplier falls because saving acts as a leakage in the theory of multiplier.

  • Question: What is Economics?

    Posted in: Economics | Date: 01/01/2021

    Answer:

    Economics is a science which helps an individual to fulfill his/her unlimited needs with the use of scarce resources having the art of properly allocating them. it just doesn't mean increase in wealth rather it should be focussed on maximising welfare.

  • Answer:

    With increase in the price of petrol there will be a decrease in the demand of cars as both petrol and cars are complementary goods..So the demand curve of cars as a result of increase in the price of petrol will be a downward sloped curve.

  • Answer:

    In indifference curve analysis, a consumer is at equilibrium where marginal rate of substitution(MRS=∆Y/∆X) will be equal to slope of budget line(slope=Px/Py).

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