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Microeconomics Pre-sessional September 2015

Microeconomics Pre-sessional September 2015. Sotiris Georganas Economics Department City University London. Organisation of the Microeconomics Pre-sessional . Introduction 10:00-10:30 Demand and Supply 10:30-11:10 Break Consumer Theory 11:25-13:00 Lunch Break

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Lecture # 06 Consumer Choice Lecturer: Martin Paredes

Lecture # 06 Consumer Choice Lecturer: Martin Paredes. Outline. Motivation The Budget Constraint Consumer Choice Duality Some Applications. Motivation. Example : Consumer Expenditures, US, 2001 Households with income $20,000-$29,999 Income (after tax): $ 23,924

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Exercise 5.7

Exercise 5.7. MICROECONOMICS Principles and Analysis Frank Cowell. March 2007. Ex 5.7: Question. purpose : Illustration of labour supply model with very simple preferences method : Consumer optimisation with endogenous budget constraint. Ex 5.7: Worker’s problem.

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