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Indifference curves
This video will teach you to diagram indifference curves and explain what they demonstrate.
Budget lines
This video will teach you how to diagram a budget line and explain what it demonstrates.
Budget lines and indifference curves
This video discuss how a rational consumer maximises utility facing a budget constraint and how budget lines and indifference curves can be used to demonstrate utility maximisation.
Indifference curve analysis: income and substitution effects for normal goods
This video explains how to analyse the income and substitution effects of a change in the price of a normal good.
Indifference curve analysis: income and substitution effects for inferior goods
This video explains how to analyse the income and substitution effects of a change in the price of an inferior good.
