Date | Topics | Sec A1 | Sec B1 |
Tuesday, September 5 | Marshallian Theory, Budget Constraints, Utility |
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n.a. |
Thursday, September 7 | Properties of Utility Functions, Examples of Utility Functions |
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n.a. |
Tuesday, September 12 | Consumer's Choice Problem, Properties of Demand Functions |
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n.a. |
Thursday, September 14 | Effects of income changes, Engel Curves, Own-price Effect, Compensated Demand Functions, Slutsky Equation |
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n.a. |
Tuesday, September 19 | Finding Compensated Demand Functions, Welfare Measurement: Compensating + Equivalent Variations |
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n.a. |
Thursday, September 18 | CV, EV and Consumer's Surplus, Cross-Price Effects, Interpretation of Lagrange multiplier, Revealed Preference and Welfare |
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n.a. |