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Indifference curves slope downward - PowerPoint PPT Presentation

Chapter 3

Chapter 3. Consumer Behavior. Topics to be Discussed. Consumer Preferences Budget Constraints Consumer Choice Revealed Preferences. Topics to be Discussed. Marginal Utility and Consumer Choices Cost-of-Living Indexes. Consumer Behavior.

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1.44k views • 144 slides

Chapter 4

Chapter 4. Consumer Choice. Table of Contents. 4.1 Consumer Preferences 4.2 Utility 4.3 The Budget Constraint 4.4 Constrained Consumer Choice 4.5 Deriving Demand Curves 4.6 Behavioral Economics. Introduction. Managerial Problem Paying employees to relocate

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Consumer Theory: Objectives

Consumer Theory: Objectives. Derive and understand: How Rational People make Choices 2. How this should Guide our own Decisions. Consumer Behavior. We are now studying the foundations of demand theory. - Why do demand curves slope downward?

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293 views • 13 slides

International Trade Models

International Trade Models. ECN 3860 International Economics. Why Nations Trade. International trade provides us with a variety of goods and services from other countries; International trade promotes specialization and efficiency in production; and

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86 views • 7 slides

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Indifference curves slope downward - PowerPoint PPT Presentation

Chapter 3

Chapter 4

Consumer Theory: Objectives

International Trade Models