Microeconomics: Related Notes and Videos

BUDGET LINE, INDIFFERENCE CURVE, AND SUBSTITUTION EFFECT

[slideshare id=59117206&doc=defineindifferencecurve1-160305092653&type=d]

HELPFUL VIDEOS

a. Perfect Competition

[youtube https://www.youtube.com/watch?v=5c_dBgYMzCQ]

b. Monopoly Market

[youtube https://www.youtube.com/watch?v=PY1JxezMMEc]

c. Indifference Curve

[youtube https://www.youtube.com/watch?v=XFQ5LC5LK4w]

d. Marginal Rate of Substitution

[youtube https://www.youtube.com/watch?v=6LTYyzL-S1A]

e. Marginal Utility and Marginal Rate of Substitution using Calculus

[youtube https://www.youtube.com/watch?v=0KFWqw4sNlM]

f. Income and Substitution effect for Normal and Inferior Goods

[youtube https://www.youtube.com/watch?v=pLhh_D5b_Lg&w=853&h=480]

g. Giffen Goods: Income and Substitution Effect

[youtube https://www.youtube.com/watch?v=VRC-DVqKYCE&w=853&h=480]

h. Budget Line

[youtube https://www.youtube.com/watch?v=TVi-SIabRoc&w=853&h=480]

i. Introduction to Budget Line (Detail)

[youtube https://www.youtube.com/watch?v=3uDIpiKvMso&w=853&h=480]

j. Slope of Budget Line

[youtube https://www.youtube.com/watch?v=4ZFm2oa2nOc&w=853&h=480]

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