Indifference curves and budget lines

Jeremy S. ★ 5.0 (5)

University of Bristol - BSc Mathematics and Economics

Maths and Economics teacher with 16 years experience in a high achieving city centre academy in Bristol.

£70 / hour

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Online Summer Refresher Courses – A Level Economics
Our three-day A Level Economics course (27-29th August) is now fully booked. If you would like to be added to the waitlist in case we open another group, please contact us. The course covers core Year 12 topics, and will help you sharpen your exam and essay technique, and return to school feeling fully prepared. Places on our other Summer Refresher Courses are still available!

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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.