🌿Intertemporal Consumption Explained: Lifetime Budget Constraint & Optimal Choice🌿
Автор: 🌿Mind Maths with Amina🌿
Загружено: 2025-11-13
Просмотров: 82
In this video, we explore the core idea behind intertemporal consumption — how a rational consumer allocates consumption between today and tomorrow.
I explain the lifetime budget constraint, the role of the interest rate, the intuition behind consumption smoothing, and the logic of optimal choice using indifference curves and budget lines.
If you’re studying macro, micro, or preparing for an economics exam, this lesson will give you a clean, intuitive understanding of how forward-looking consumers make decisions.
#Economics #IntertemporalChoice #Consumption #Macroeconomics #Microeconomics #Optimization #EconStudents #AminaKhan #UOLEMFSS #LUMS #TimePreference
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