Friday, April 1, 2011

Comparative Statics of Consumer Choice

This topic is probably the hardest and also what the students like least about the course. The presentation is fairly standard, except that the Excel Workbook allows students to get a better sense of the comparative statics via the numerical animations. There are six videos in this chapter (the last is on revealed preference). The chapter concludes with a brief essay on price indexing and cost of living adjustments.

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