A.8 Consumption duality | Consumption - Microeconomics

Learn more: www.policonomics.com/consumpti...
Versión en español: • A.8 Dualidad de consum...
This video shows how useful a good understanding of consumption duality can be. Starting with utility maximisation and cost minimisation, this video explores everything you need to understand about consumer theory. We also explain formulas such as Roy's identity or the Hotelling/Shephard lemma.
Related videos:
-Utility maximisation: • A.6 Utility maximisati...
-Cost minimisation: • A.7 Cost minimisation ...
Related articles:
-Utility function: www.policonomics.com/utility/
-Cost minimisation: www.policonomics.com/cost-mini...
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[@maksimlezginov2642]

Explained more in 5 minutes than my professor in 3 lectures. Here's a sub!

[@theaj1nkya]

Absolutely amazing 👏🏻 1 video to prepare for the entire exam.

[@revolutionarydefeatism]

I’m eagerly looking forward to other videos and the examples. Thank you.

[@NerdJake]

This video saved my ass while I was doing my bachelor's degree and now I'm preparing for an exam doing my masters and I'm back on this video. Absolutely amazing! I love it!

[@Policonomics]

This video shows how useful a good understanding of consumption duality can be. Starting with utility maximisation and cost minimisation, this video explores everything you need to understand about consumer theory. We also explain formulas such as Roy's identity or the Hotelling/Shephard lemma.

[@mehrabsattar9712]

was looking for hours, this one video cleared up so many concepts. thanks!

[@mehzabinakterkazal5236]

Thanks to the infinity for this video. Clean, precise, to the point. 💜

[@NotSoDeepBro]

Shepard's Lemma isn't negative is it? Just the partial derivative of the cost function with respect to price of good 1.

[@christophertang8696]

Many thanks for the video, this really helped a lot!

[@anujmishra9077]

Thank You so much for this video. However, I think there should be a positive sign in Shephard's Lemma instead of a -ve sign (

[@IT-wm6hm]

Great video!

[@sarunsrikhom2021]

Thanks for very very good content !!!!

[@shaziaimam1610]

this video is perfect. thank you.

[@Dem0niccA]

Finally woman!! Direct explanation.. Thank U!

[@rodneyturkson918]

great videos ! but prctical examples at the end of the videos would be great

[@sulaimanqizilbash4248]

Can you suggest some books or websites with good and rigorous mathematical examples?

[@FlywithZahanat]

Very well explained

[@ashishdhungana633]

Love the vedio. Also Like to get the explaination of 'Lancasterian theory of attributes' with figures

[@viveknandur3470]

Good video series, but could use examples to illustrate these concepts further

[@AloofMusician]

What does it mean by rearranging to get expenditure function from indirect utility function?