(M4E2) [Microeconomics] Demand Curves: Marshallian vs Hicksian (Compensated) Demand Curves
In this episode I describe famous Marshallian and Hicksian Demand Curves and how we solve for them. We also compare and contrast these two demand curves.
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.
![(M4E3) [Microeconomics] Equivalence of Marshallian and Hicksian Demand Curves: A Numerical Example](/img/d.gif)
Пікірлер: 12
God bless you, you saved me!
I've been struggling for a long time. thank!
Thank you for this video, it helped me to better understand the concepts of the Marshallian & Hicksian approach to demand curve!
you saved my life while studying for my econ midterm
I am watching all your videos. very helpful. Thanks professor
Very interesting lecture, go on and I eager to follow up at any time
Good stuff, Prof.
❤️❤️❤️👍
👍👍👍
9:24 what is the K referring to?
@jerryzhang6149
2 жыл бұрын
a constant
@cormackjackson9442
Жыл бұрын
Specifically it's the constant he is using for income. Hence at the x intercept [where the strait line (budget line) touches the axis]. He writes k/Px' which tells us that, we spend our entire income on good x. This makes sense because we are consuming 0 y goods, we can spend all of our income K on good x. Hence the amount of good x we consume is just K/price of x....written as k/Px'