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Lecture 2: Consumer Choice episode artwork

Oct 29, 2026 1 hr 5 min

Lecture 2: Consumer Choice

from MIT OpenCourseWare: Free Courses from the institute Hosted by MIT OpenCourseWare

MIT 14.04 Intermediate Microeconomic Theory, Fall 2020Instructor: Prof. Robert TownsendUploaded 31-08-22View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqFHow should rational consumers decide what to buy? Economists break the problem down into its component parts: feasible available commodity bundles, preferences over goods and services, and budget constraints. License: Creative Commons BY-NC-SAMore information at https://ocw.mit.edu/termsMore courses at https://ocw.mit.eduSupport OCW at http://ow.ly/a1If50zVRlQWe encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.

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