Intermediate microeconomics
Chapter 4 : Choice and demand
By Lund University
This chapter is based on chapter 5 and 6 of Intermediate microeconomics by Hal Varian.
Lectures on choice
Based on chapter 5 of Intermediate microeconomics:
Optimal choice
Unique optimal choice
First order condition for optimal choice
Mathematical formulation of optimal choice and the Lagrangian
Three strategies for finding the optimal choice
Optimal choice when preferences are not well behaved
Optimal choice for discrete goods and quasi linear preferences
Optimal choice for Cobb-Douglas preferences
Lectures on demand
Based on chapter 6 of Intermediate microeconomics: