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Ec4004 Lecture 2 Individual Demand
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Stephen Kinsella
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Ec4004 Lecture 2 Individual Demand
1.
EC4004 Lecture 3
Individual Demand
2.
Last Time
Utility Functions Indifference Curves Budget Constraints
3.
Tutorials Start Next
Week
4.
Email by tomorrow
to Unvolunteer
5.
086 399 83
06
6.
Today Demand Functions Income
Substitution Effects Consumer Surplus
7.
1.
8.
Demand Functions
9.
Demand Functions
10.
3
elements determine quantity demanded
11.
1
Prices of X and Y
12.
2
Income (I)
13.
3
Person’s preferences for X and Y
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