Content and teaching ideas for Intermediate Microeconomics
Friday, April 1, 2011
Applications of Consumer Theory
This chapter consider two applications, labor supply and borrow-saving, based on this Excel workbook. In each case a model is developed and then a comparative statics analysis is performed. There are five videos that follow. The first three deal with labor supply. The latter two with borrowing-saving. Because there is a fair amount of notation needed to develop the models, there are videos that don't have graphs and simply work through the notation and develop a sense of the model.