I introduce the budget constraint and illustrate it graphically in a two-goods example in consumer theory.


Chapters:


0:00 - Introduction
0:19 - The Ingredients of a Budget Constraint
2:23 - The Budget Constraint as an Inequality
3:38 - The Budget Line
4:28 - Graphing: The Intercepts
5:51 - Graphing: The Slope
7:10 - The Budget Set
9:03 - What's Next?

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