Properties of Demand Functions Comparative statics analysis （比较 静态分析）of ordinary demand functions -- the study of how ordinary demands x1

Effects of a Price Change What happens when a commodity’s price decreases? –Substitution effect (替代效应）: the commodity is relatively cheaper, so consumers substitute it for now relatively more expensive other commodities

Structure Rational constrained choice Computing ordinary demands – Interior solution （内在解） –Corner solution （角点解） – “Kinky” solution Example: Choosing taxes

Contents Describe budget constraint –Algebra –Graph Describe changes in budget constraint Government programs and budget constraints Non-linear budget lines

兰州交通大学：《微观经济学》课程教学资源（教案大纲）教学大纲 Microeconomics（负责人：李新文）

Structure Endowments Budget constraints with endowments Net demands Labor supply

Contents Describe preferences Indifference curves Well-behaved preferences Marginal rate of substitution

Contents Instructor and TAs Requirements Course outline An example: market for apartments

中国人民大学：《微观经济理论 Microeconomic Theory》课程教学资源（PPT课件讲稿）第5讲 收入效应和替代效应

中国人民大学：《微观经济理论 Microeconomic Theory》课程教学资源（PPT课件讲稿）第4讲 消费者选择理论（效用最大化和选择）