Substitution Effect and Income Effect |Meaning | Diagram | Simple Numerical Example | 21 |
19:45
Sign of Substitution Effect | Revealed Preference Argument | 22 |
27:09
Slutsky Identity | Slutsky Equation | Normal goods | Inferior Goods | Giffen Goods| 24 |
44:15
Slutsky Equation Derivation| Income and Substitution Effect | Intermediate Microeconomics by Varian
19:33
Substitution effect & Income Effect | Perfect Complements | Perfect Substitutes | Quasilinear | 25 |
19:14
Hicksian Substitution Effect| Non Positive Nature of Hicksian Substitution Effect | 23 |
24:54
[Choice Under Uncertainty] | Part 3 | Risk Aversion | Risk Premium | Certainty Equivalence | 37 |
15:26
Intertemporal Choice | When Lender remains a lender | When Borrower remains a borrower| 27 |
26:01