Lec 2: Preferences and Utility Function
Автор: MIT OpenCourseWare
Загружено: 2025-04-02
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MIT 14.01 Principles of Microeconomics, Fall 2023
Instructor: Prof. Jonathan Gruber
View the complete course: https://ocw.mit.edu/14-01F23
YouTube Playlist: • MIT 14.01 Principles of Microeconomics, Fa...
In this lecture, Prof. Gruber talks about where consumer decisions come from, beginning with consumer preferences. He then builds on these concepts to explain the utility function, which is a mathematical expression of consumer preference. Keywords: micoreconomics, consumer demand, preferences, utility function
License: Creative Commons BY-NC-SA
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