In this video, I demonstrate how to draw budget constraints (given prices and income). I also demonstrate what the utility maximizing bundle looks like with...
This video gives a summary of the budget constraint and its properties, and it also introduces a variation on the typical budget constraint where one...
In this video, I show how to use the budget constraint to derive restrictions on income elasticities, and price elasticities. I only consider the two...
This video introduces a unit on general equilibrium by describing the mechanics of "endowment economy" budget constraints. For a list of videos and links to...
