In this episode I describe famous Marshallian and Hicksian Demand Functions and how we solve for them. I also describe homogeneity of degree zero, Normal and Inferior goods, Superior and Giffen goods.
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.