ECON401 Chapter : Notes on Microecon.pdf
20 Mar 2013
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2. 4 a first analysis of consumer choices . 2. 5. 2 back to walras" law: choice response to a change in wealth . 2. 5. 5 walras" law: choice response to a change in price . 2. 5. 6 comparative statics in terms of elasticities . 2. 5. 8 walras" law and changes in wealth: elasticity form . 2. 6 requirement 2 revisited: demand is homogeneous of degree zero. 2. 6. 1 comparative statics of homogeneity of degree zero . 2. 7 requirement 3 revisited: the weak axiom of revealed preference . 2. 7. 1 compensated changes and the slutsky equation . 2. 7. 2 other properties of the substitution matrix . 3. 3. 1 walrasian demand functions and their properties . 3. 3. 5 the indirect utility function and welfare evaluation . 3. 4. 2 properties of the hicksian demand functions and expenditure function . 3. 4. 3 the relationship between the expenditure function and hicksian demand . 3. 4. 5 graphical relationship of the walrasian and hicksian demand functions . 3. 4. 6 the emp and the ump: summary of relationships .
