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Microeconomics (Course Guide)

Principles of Microeconomics Course Materials

Textbook Readings

eTextbook Readings | Principles of Economics | OpenStax

NOTE: Be sure to review key terms, concepts, questions, and problems at the end of each chapter!

Introduction to Consumer Choice

Consumer Choice Models

Graphing Indifference Curves

Elements to Consider in Decision-Making

 

Consumer Optimization

Consumer Choice Models

Assess Your Knowledge

Do you understand how to...?

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  • use indifference curves to model consumer preferences
  • use budget lines to model income constraints
  • optimize consumer choice as constrained by budgets
  • apply the model of diminishing marginal utility to consumer choice
  • calculate demand elasticity
  • apply the concept of demand elasticity to related economic topics
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