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 |
21:26
Slutsky Equation decomposition of price effect into substitution and income effect #slutskyEquation
13:00
Example Income and Subsitution Effects For Normal and Inferior Goods
18:22
(M4E10) [Microeconomics] A Numerical Example for Slutsky Decomposition
19:33
Substitution effect & Income Effect | Perfect Complements | Perfect Substitutes | Quasilinear | 25 |
19:03
Intertemporal Choice and Slutsky Equation | 28 |
13:22