week# 5: Income& Substitution Effects, Demand Relationships among goods

Demand Functions, Changes in Income, Changes in a Good’s Price, The Individual’s Demand Curve, Compensated Demand Curves, A Mathematical Development of Response to Price Changes, Demand Elasticities, Consumer Surplus, Revealed Preference and the Substitution Effect, The Two-Good Case, Substitutes and Complements, Net Substitutes and Complements, Substitutability with Many Goods, Composite Commodities, Home Production, Attributes of Goods, and Implicit Prices,