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Price of good 1 is decreased. Slutsky decomposition. (Image by Prof. Sergei Izmalkov.)
Prof. Sergei Izmalkov
14.04
Fall 2006
Undergraduate
This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. It is recommended for students planning to apply to graduate school in economics, accounting, or finance.
Izmalkov, Sergei. 14.04 Intermediate Microeconomic Theory, Fall 2006. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-04-intermediate-microeconomic-theory-fall-2006 (Accessed). License: Creative Commons BY-NC-SA
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