A.2 Indifference curves | Consumption - Microeconomics

Learn more: www.policonomics.com/indiffere...
Versión en español: • A.2 Curvas de indifere...
This video explains how indifference curves work and how to build them. We start analysing indifference curves as a way of representing utility, then we explain what the marginal rate of substitution is and, lastly, what different kinds of indifference curves there are.
Related videos:
-Utility function: • A.1 Utility function |...
-Marginal rate of substitution: • A.3 Marginal rate of s...
Related articles:
-Utility function: www.policonomics.com/utility/
-Preferences: www.policonomics.com/preferences/
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[@nickboldan7833]

Wonderful information that COMPLEMENTS my microecon class!

[@strickjh2005]

Way better than the last video I looked at! Thanks for the explanation!

[@Policonomics]

Dear +strickjh2005 , We just uploaded our fourth video to our series on Game Theory. It's about the Battle of the Bismarck Sea, we hope you find it interesting! kzbin.info/www/bejne/aHWniqeaaqt3i80 If you like it, spread the word! Thanks for watching, The Policonomics Team

[@teresitabalgos1978]

Thanks for making it so simple!

[@underwaterpenguin6345]

Hi. I would like to ask how to link the L-shaped indifference curves (perfect complementary goods) with the income and substitution effect. Thank you.

[@ciarancoughlan3785]

found your video helpful. just a quick question? what happens to the shape of an indifference curve whens theres two commodities and one of them is bad?? dont udnerstand what this means.

[@studyWithHimanshuMaulik]

Very helpful video... Thank u

[@Policonomics]

Thank you for watching! 😍🅿

[@jacksonbarry8210]

These videos are very helpful, I find myself literally writing out the things that you are saying so I can look back on my notes and put graphs/functions into english for my brain. It would probably make your videos even more helpful if you did put a few key sentences on the video. Just a suggestion, thanks otherwise.

[@Policonomics]

Hi Jackson Barry ! Thank you very much for your comments! We have already planned to implement proper captions in English, as well as a translation to Spanish. We'll also make sure to write key points in the video: as you point out, it can be very helpful. Thanks for your feedback! The Policonomics Team

[@AldoApachi-]

I've read in the book - don't get it, watched this video - still don't get it... I can't get a clue what this graph really shows us and what's the point of it. Consumer is equally happy by buying different goods. .... so?... why do we need all these graphs and other confusing words

[@Dennaton]

why do we need diploma?

[@franciscoromero3004]

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