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4. Demand Curves and Income/Substitution Effects

342K views on YouTube

MIT 14.01 Principles of Microeconomics, Fall 2018
Instructor: Prof. Jonathan Gruber
* View newer version of the course: https://ocw.mit.edu/14-01F23 *
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G-

Prof. Gruber begins the lecture by explaining how to derive demand curves. Other topics covered include elasticity of demand, income shifts, and effects of a price change.

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