Consumer Preferences: Optimal Choices and Economic Effects

Related lectures (31)

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Explores the state's role in market economy, resource allocation, income redistribution, and consumer optimization.

Covers demand analysis, focusing on willingness to pay, elasticity, and consumer behavior in response to price changes.

Explains the determination of equilibrium state prices in asset pricing through consumption market clearing and budget constraints.

Covers optimizing agents and the transition from willingness to pay to demand.

Explores demand, prices, and elasticity, revealing how consumer behavior responds to market dynamics.

Covers the basics of demand, including preferences, willingness to pay, and elasticity.

Explores intertemporal trade and SOE allocation with financial autarky, focusing on interest rate effects on consumption and welfare gain.

Explores the dynamics and comparative statics of a consumption based model.

Covers willingness to pay, willingness to accept, market equilibrium, and the impact of external costs on production and total surplus.