Measuring Changes in Consumer Welfare

Consumer Welfare <– Click the link above to access an outline on Consumer Welfare. Includes Effects of Government Policy on Consumer Welfare!   Deriving Demand from Utility:   Income and Substitution Effects:   Demand Derived from Substituion Effect:   The Slutsky Equation and Demand Curves:   Compensating Variation and Equivalent Variation:  

Income-Consumption Curves

Income-Consumption Curve and Engel Curve for Normal Goods:   Income-Consumption Curve and Engel Curve for Inferior Goods:   Income-Consumption Curve and Engel Curve for Perfect Substitutes:   Income-Consumption Curve and Engel Curve for Perfect Complements:

Budget Sets

Budget Constraints  <–  More on Utility Functions and Choice <– Click the links above to access outlines on the various possible Budget Sets.   Budget Constraints and Utility Maximization:   Budget Constraints with Endowment:   Powerpoint Presentation on Consumer Theory and Demand

Special Cases: Perfect Substitutes and Perfect Complements

MRS for Perfect Substitutes: Indifference Curve for Perfect Substitutes: MRS for Perfect Complements: Indifference Curve for Perfect Complements:  

Introduction to Consumer Theory

Consumer Theory Powerpoint Click the link above to access a very useful outline of Consumer Theory, provided by Professor Mircea Trandafir at the University of Maryland.   Introduction to Preferences:   Marginal Rate of Substitution and Marginal Utility:   Computing Marginal Rate of Substitution:

Principles Review and Introduction to Intermediate Microeconomics

Introduction To Intermediate Microeconomics Click the link above to access the Introduction Lecture to Intermediate Microeconomics provided by Professor Dunz.  You can also find on the Blackboard site under Lectures.   Below is a link to a thorough outline of the topics covered in the Principles course, provided by BYU IDAHO: Principles of Microeconomics

Calculus Review

Calculus Review Click the link above to access the Calculus Review provided by Professor Dunz.  You can also find on the Blackboard site under Review Materials. Additional Calculus Topics Click the link above to access the Additional Calculus Topics PDF provided by Professor Dunz.  You can also find on the Blackboard site under Lectures.   … Continue reading