I Markets

8.2 The budget line

8.4 Budget optimum

8.5 Change of income

8.6 Inferior goods

8.8 Price changes

8.10 Giffen good

9.1 Lagrange

9.7 The dual problem

Household Theory

8 Optimum choice of consumption: graphical solution

8.1 The options of the consumer

8.2 The budget line

8.3 Indifference curve

8.4 Budget optimum

8.5 Change of income

8.6 Inferior goods

8.7 Engel curves: normal vs. inferior goods

8.8 Price changes

8.9 Income- and substitution- effects

8.10 Giffen good

9 Optimal consumption choice: calculative solution: optimization with constraints

9.1 Lagrange

9.2 The Lagrange formalism

9.3 The Lagrange formalism for the example of the consumption problem

9.4 The Lagrange formalism for the example of a Cobb-Douglas utility function

9.5 The Lagrange formalism for the example of another utility function

9.6 Optimization under constraints with a function to be chosen freely

9.7 The dual problem

9.8 Boundary solutions

9.9 The derived demand: Engel curves and demand curve

8.1 The options of the consumer

8.2 The budget line

8.3 Indifference curve

8.4 Budget optimum

8.5 Change of income

8.6 Inferior goods

8.7 Engel curves: normal vs. inferior goods

8.8 Price changes

8.9 Income- and substitution- effects

8.10 Giffen good

9 Optimal consumption choice: calculative solution: optimization with constraints

9.1 Lagrange

9.2 The Lagrange formalism

9.3 The Lagrange formalism for the example of the consumption problem

9.4 The Lagrange formalism for the example of a Cobb-Douglas utility function

9.5 The Lagrange formalism for the example of another utility function

9.6 Optimization under constraints with a function to be chosen freely

9.7 The dual problem

9.8 Boundary solutions

9.9 The derived demand: Engel curves and demand curve

(c) by Christian Bauer

Prof. Dr. Christian Bauer

Chair of monetary economics

Trier University

D-54296 Trier

Tel.: +49 (0)651/201-2743

E-mail: Bauer@uni-trier.de

URL: https://www.cbauer.de