Y1 - Microeconomics

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Lectures

Week 2

Erasmus Universiteit · Int. Economics and Business Economics

Y1 - Microeconomics

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L5: Individual and market demand
Individual demand and other curves:
Classification of goods:
Income and substitution effects of a price change:
Computing the substitution effect:
Aggregating individual demands:
Elasticity:
L6: More applications of the Rational Choice Model
The Intertemporal Choice Model:
Commodity Taxes and Elasticities
Rational choice model
Intertemporal indifference curves:
Demand and consumer surplus:
Other applications:

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