Consumer theory
§1. Consumer problem
Marshallian demand: \(x(\cdot)\)
Properties of \(x(\cdot)\) and \(v(\cdot)\)
Solutions to the problem
§2. Expenditure minimization
Hicksian demand: \(h(\cdot)\)
Properties of \(h(\cdot)\) and \(e(\cdot)\)
Definitions
§3. Wealth and substitution effects
Slutsky equation
Engel curve
Substitutes and complements
§4. Consumer welfare
CV/EV
Consumer surplus
Price indices
§5. Aggregation