Lec 2: Preferences and Utility Function

Name: Lec 2: Preferences and Utility Function
Uploaded: 2025-04-02T14:42:14Z
Duration: 40 min 49 s
Description: 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: microeconomics, consumer demand, preferences, utility function

40:49

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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: microeconomics, consumer demand, preferences, utility function