Cardinal vs Ordinal Utility Theory | Microeconomics Unit 1 | UGC NET Economics Preparation

Welcome to 'Let's Crack with Divya'! 🎯 In this lecture (Microeconomics Part 3), we cover the fundamental concepts of Utility Theory for UGC NET Economics, Assistant Professor, and SET Exams: 📌 Topics Covered in this Video: • What is Utility? (उपयोगिता क्या है?) • Cardinal Utility Theory (मार्शल का दृष्टिकोण & TU/MU Analysis) • Law of Diminishing Marginal Utility & Equi-Marginal Utility • Ordinal Utility Theory (हिक्स एवं एलन का दृष्टिकोण) • Indifference Curve (IC) Analysis & Consumer Equilibrium • Key Differences: Cardinal vs Ordinal Utility Approach 🎯 Target Exams: UGC NET/JRF Economics, SET Exams, GATE Economics, PGT Economics, BA/MA Economics. --------------------------------------------------- 🔔 Subscribe to 'Let's Crack with Divya' for comprehensive lectures, exam updates, and free study material! 📲 Follow on Instagram: @let's crack with Divya --------------------------------------------------- #UGCNET #UGCNETEconomics #Microeconomics #CardinalUtility #OrdinalUtility #UtilityTheory #UGCNET2026 #LetsCrackWithDivya #EconomicsLectures #economicspreparation