经济学原理·萨缪尔森–中山大学岭南学院ch5.pptVIP

CH. 5 Demand and consumer behavior Choice and utility theory Fundamental premise: people tend to choose those goods and services they value most highly. Preference 偏好 Property: complete(完全的) transitive(可传递的) more is better(多比少好) Some concepts Utility（效用） Utility function（效用函数） Marginal utility（边际效用） The Law of Diminishing Marginal Utility the law of diminishing marginal utility Marginal utility declines as a person consumes more and more of a good. Ordinal utility(序数效用) The preference ranking of bundles of commodities. Equimarginal principle均衡原则 Marginal utility of income The additional utility that would be gained if the consumer could enjoy an extra dollar’s worth of consumption. Why demand curve slope downward Leisure and the optimal allocation of time The indifference curve(无差异曲线) the set of consumption bundles among which the consumer is indifferent, all are equally desirable Indifference Curves for a Pair of Goods Convex to the origin(凸向原点) The law of substitution(替代规律)：the scarcer a good, the greater its relative substitution value; its marginal utility rises relative to the marginal utility of the good that has become plentiful. Substitution ratio (marginal substitution ratio) The indifference map Budget line or budget constraint（预算线或预算约束） given the prices of goods, all the possible combinations of the two goods that would exhaust the consumer’s income the slope of budget line Income Constrains Consumer Spending Consumer’s Most Preferred and Feasible Consumption Bundle Is Attained at B The equilibrium position of tangency The changes in income and price(收入与价格的变化) Income change: Single price change: Effect of Income Change on Equilibrium Effect of Price Change on Equilibrium Deriving demand curve 推导需求曲线 Offer curve(提供曲线或价格消费曲线） An alternative approach: Substitution effect(替代效应):when the price of a good rises, consumers will tend to substitute other goods for the more expensive good . Income effect (收入效应): the impact of a price change