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Introdução à teoria do consumidor
[Introduction to the consumer theory]

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  • Vieira, Pedro Cosme da Costa

Abstract

This textbook supports undergraduate microeconomics students. In Chapter 1, it presents the market as three Laws of Nature: i) that supply function is the result from the decision of the sellers, ii) that demand function is the result from the decisions of buyers; iii) that the market balance the decisions of buyers with that of sellers. This chapter motivates chapter 2, which rationalizes the existence of the demand function from the Consumer Theory that assumes that consumers maximize a utility function under the income restriction and market prices.

Suggested Citation

  • Vieira, Pedro Cosme da Costa, 2009. "Introdução à teoria do consumidor [Introduction to the consumer theory]," MPRA Paper 14248, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:14248
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    References listed on IDEAS

    as
    1. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
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    More about this item

    Keywords

    Indifference curve; income restriction; utility maximization;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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