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This course includes
1 THE BUDGET CONSTRAINT
2 THE BUDGET CONSTRAINT
3 COMPOSITE GOOD
4 BUDGET LINE
5 CHANGES IN BUDGET LINE
6 CHANGES IN BUDGET LINE
7 TAXES, SUBSIDIES, RATIONING
8 WELL-BEHAVED PREERENCES
9 CONSUMER PREFERENCES
10 INDIFFERENCE CURVES
11 EXAMPLES OF PREFERENCES
12 SATIATION
13 MARGINAL RATE OF SUBSTITUTION
14 WELL BEHAVED PREFERENCES
15 CONSUMER PREFERENCES
16 UTILITY
17 EXAMPLES OF UTILITY FUNCTION
18 MARGINAL UTILITY
19 PRACTICE QUESTION
20 OPTIMAL CHOICE
21 CONSUMER DEMAND
22 PRACTICE QUESTION
23 CHOOSING TAXES
24 OPTIMAL CHOICE THROUGH LAGRANGE
25 OPTIMAL CHOICE THROUGH LAGRANGE
26 NORMAL AND INFERIOR GOODS
27 INCOME OFFER CURVES AND ENGEL CURVES
28 ORDINARY AND GIFFON GOODS
29 PRICE OFFER CURVE AND THE DEMAND CURVE
30 SUBSTITUTES AND COMPLEMENTS
31 THE INVERSE DEMAND FUNCTION
32 PRACTICE QUESTION
33 REVEALED PREFERENCE
34 FROM REVEALED PREFERENCE TO PREFERENCE
35 RECOVERING PREFERENCES
36 THE WEAK AXIOM OF REVEALED PREFERENCE
37 CHECKING WARP
38 STRONG AXIOM OF REVEALED PREFERENCES
39 CHECKING SARP
40 INDEX NUMBERS
41 INDEXING SOCIAL SECURITY PAYMENTS
42 SUBSTITUTION AND INCOME EFFECT
43 CALCULATING SUBSTITUTION AND INCOME EFFECT
44 THE TOTAL CHANGE IN DEMAND
45 RATES OF CHANGE
46 EXAMPLES OF SUBSTITUTION AND INCOME EFFECT
47 REBATING A TAX
48 ANOTHER SUBSTITUTION EFFECT AND COMPENSATED DEMAND CURVE
49 PRACTICE QUESTION
**Prepared For Spring 2016 Semester** In this course package I aim to cover the entire Intermediate Microeconomics course outline as covered by the Instructor. The basic idea would be to cover chapters in a way which can enhance students’ understanding of the course so that they are able to use these concepts in further Economics courses. The course package will cover all the topics ranging from Consumer and Producer Theory to Firm/Industry Supply. I will be going through multiple practice questions while covering every topic which will be extremely beneficial to the students for their quizzes and exams.
What you'll learn
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