The Utility Function | Microeconomics
Автор: Klaus Prettner
Загружено: 2025-11-09
Просмотров: 494
Описание:
In this video, I introduce the utility function, a fundamental concept in microeconomics that allows economists to represent consumer preferences mathematically.
What you will learn:
What is a utility function and how it represents felicity/satisfaction
How to interpret utility values: ordinal vs. cardinal utility
Real-world examples using apples and bananas 🍎🍌
How utility functions relate to indifference curves
Utility functions of special cases: perfect substitutes vs. perfect complements
Intended audience: economics students, teachers, and anyone curious about how economists model decision-making and preferences.
Chapters:
Introduction
What Is a Utility Function?
Example with Apples and Bananas
Ordinal vs. Cardinal Interpretation
Visualizing Utility Functions
Special Cases (Substitutes & Complements)
Summary & Applications
📌 Please subscribe for more in-depth economics videos.
👍 Please like & share this video to support free education
💬 If you have questions/suggestions, please use the in the comments below
#microeconomics #consumerbehavior #indifferencecurve
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке:
