You are not currently logged in. Please create an account or log in to view the full course.

Economics   >   Micro – Individual Economic Decision-Making

Rational Economic Decision-Making

 
  • About
  • Transcript
  • Cite

Micro – Individual Economic Decision-Making

In this course, Dr Maija Halonen-Akatwijuka (University of Bristol) explores the topic of individual economic decision-making. In the first module, we look at rational economic decision-making. After this, we look at indifference curves. Then, we focus on budget lines. In the penultimate module, we look at economic decision-making in market where asymmetric information exists. Finally, we look at behavioural economics.

Rational Economic Decision-Making

In this module, we look at rational economic decision-making. In particular, we focus on: (i) why its important to study how economic actors make decisions; (ii) how total and marginal utility work in economics; (iii) how utility works in relation to the price mechanism; and (iv) how utility links to the individual and market demand curves.

Cite this Lecture

APA style

Halonen-Akatwijuka, M. (2023, February 14). Micro – Individual Economic Decision-Making - Rational Economic Decision-Making [Video]. MASSOLIT. https://massolit.io/courses/micro-individual-economic-decision-making/asymmetric-information

MLA style

Halonen-Akatwijuka, M. "Micro – Individual Economic Decision-Making – Rational Economic Decision-Making." MASSOLIT, uploaded by MASSOLIT, 14 Feb 2023, https://massolit.io/courses/micro-individual-economic-decision-making/asymmetric-information

Lecturer

Dr Maija Halonen-Akatwijuka

Dr Maija Halonen-Akatwijuka

Bristol University