This video explains the price offer curve, the income offer curve, the demand curve and the Engel curve, and how they all relate to each other. We go through graphical depictions of these, and how they relate to comparative statics.
0:00 - Overview
0:43 - Comparative statics
1:48 - Difference between x and x*
2:36 - Table of 4 Curves
3:39 - Labelling axes
4:25 - Price Offer Curve
5:41 - Mapping Demand Curve from Price Offer Curve
6:59 - Finishing Price Offer & Demand Curves
9:12 - Income Offer Curve (mislabelled in video)
10:08 - Mapping Engle Curve from Income Offer Curve
11:14 - Summary
11:45 - Results & Importance
