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Unformatted text preview: Figure out what the indifference curves are, a,b > 0 The differential between the textbook and the notes are important. Advice: work on the problems. Performance is based on if you can derive a problem from a scratch. i.e dont memorize. Topics: 1.Mrs + explaination of curvature of indifference curves 2. what does equilibrium really ean. 3. what is pareto optimality and associated friends. 4. properties of indifference curves? Curves untersect? 5 Budgetlines taxes and subsidies. budget lines slope- taxes, subsidies, endowments 6. utility functions and their contours....
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This note was uploaded on 04/17/2010 for the course LAPS ECON2350 a taught by Professor Barrysmithandtasso during the Spring '10 term at York University.
- Spring '10