theory Principles of Economics, Third Edition 经济学原理第三版课件培训讲解.pptVIP

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theory Principles of Economics, Third Edition 经济学原理第三版课件培训讲解.ppt

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theory Principles of Economics, Third Edition 经济学原理第三版课件培训讲解.ppt

7 TOPICS FOR FURTHER STUDY;21;;THE BUDGET CONSTRAINT: WHAT THE CONSUMER CAN AFFORD;THE BUDGET CONSTRAINT: WHAT THE CONSUMER CAN AFFORD;Figure 1 The Consumer’s Budget Constraint;THE BUDGET CONSTRAINT: WHAT THE CONSUMER CAN AFFORD ;Figure 1 The Consumer’s Budget Constraint;THE BUDGET CONSTRAINT: WHAT THE CONSUMER CAN AFFORD;PREFERENCES: WHAT THE CONSUMER WANTS;Representing Preferences with Indifference Curves;Figure 2 The Consumer’s Preferences;Representing Preferences with Indifference Curves;Figure 2 The Consumer’s Preferences;Four Properties of Indifference Curves;Four Properties of Indifference Curves ;Figure 2 The Consumer’s Preferences;Four Properties of Indifference Curves ;Figure 2 The Consumer’s Preferences;Four Properties of Indifference Curves ;Figure 3 The Impossibility of Intersecting Indifference Curves;Four Properties of Indifference Curves ;Figure 4 Bowed Indifference Curves;Two Extreme Examples of Indifference Curves;Two Extreme Examples of Indifference Curves ;Figure 5 Perfect Substitutes and Perfect Complements;Two Extreme Examples of Indifference Curves ;Figure 5 Perfect Substitutes and Perfect Complements;OPTIMIZATION: WHAT THE CONSUMER CHOOSES;The Consumer’s Optimal Choices;The Consumer’s Optimal Choice;The Consumer’s Optimal Choice;Figure 6 The Consumer’s Optimum;How Changes in Income Affect the Consumer’s Choices;Figure 7 An Increase in Income;How Changes in Income Affect the Consumer’s Choices ;Figure 8 An Inferior Good;How Changes in Prices Affect Consumer’s Choices;Figure 9 A Change in Price;Income and Substitution Effects;Income and Substitution Effects;Income and Substitution Effects;Figure 10 Income and Substitution Effects;Table 1 Income and Substitution Effects When the Price of Pepsi Falls;Deriving the Demand Curve;Figure 11 Deriving the Demand Curve;THREE APPLICATIONS;Figure 12 A Giffen Good;THREE APPLICATIONS;Figure 13 The Work-Leisure Decision;Figure 14 An Increase in the Wage;Figure 14 An Increase in the Wage;THREE APPLICATIONS;Fi