Consumption Decision

Consumption Decision

          
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About the Book

Immerse into optimal consumption decisions of microeconomic household theoryMicroeconomics looks at households, producers, and the state. The focus is always on individual actors and their relationships with one another. Whether theoretically or using mathematical methods, microeconomics can explain how economic actors behave under which conditions.

In particular, the basics of microeconomics are also the foundations of many economic areas. Modern macroeconomics, for example, is inconceivable without microeconomic methodology, and political economy or the theory of development economics cannot do without microeconomic ideas either.

The first part of the oikonomia geeks microeconomics series explains the consumer optimum of household theory. The optimal consumer decision is explained from the assumptions about the relevant functions to the mathematical derivation of the optimum.

Content

  • It starts with the setting of microeconomic theory, defines and models utility,
  • introduces indifference curves and budget restrictions, and
  • finals in the optimal consumption decision of a consumer.
  • Beneath a formal approach to explaining functions and their dependencies step-by-step,
  • the analysis leads to a detailed description of the Lagrange optimization method.

  • The explanations are deliberately kept elementary. Beyond school mathematics, there are no prerequisites for understanding. This study helper is perfect for students in their first semesters. It is aimed at major and minor students of economics and all interested friends of economic theory.

    Each of us always has to make economic decisions. Understanding why some decisions are necessary, better, or worse than others helps people make better decisions in their lives. Microeconomics helps to get closer to answering these questions.

    oikonomia geeks offer study helpers who do not need a lot of previous knowledge. University teaching often expects profound prior knowledge of the methods. oikonomia geeks start shortly before and help to follow the lectures more intensively.


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Product Details
  • ISBN-13: 9798574771457
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 229 mm
  • No of Pages: 64
  • Series Title: Oikonomia Geeks Microeconomics
  • Weight: 100 gr
  • ISBN-10: 8574771457
  • Publisher Date: 01 Dec 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 3 mm
  • Width: 152 mm


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