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Consumer theory

This course is a part of Microeconomics, a 7-course Topic series from Khan Academy.

How do you decide what to produce or trade? How can you maximize happiness in a world of scarcity. What are you giving up when you choose something (i.e., opportunity cost)?

This course contains 3 segments:

Introduction to consumer theory: total utility and marginal utility

In this tutorial we look at the utility of getting one more of something and put numbers to it. We then use this to construct a budget line and think about indifference curves.

Utility maximization using marginal utility per dollar spent

Utility maximization with indifference curves

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Khan Academy

Rating Not enough ratings
Length 3 segments
Starts On Demand (Start anytime)
Cost Free
From Khan Academy
Download Videos On all desktop and mobile devices
Language English
Subjects Business Social Sciences
Tags Economics-Finance-Domain Microeconomics

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Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

artist at trade $50k

Trade Publicist $53k

Trade-In Coordinator $54k

Trade Editor $57k

Trade Liaison $60k

Trade Closer $63k

Trade Specialist 3 $65k

Trade Rep $67k

Trade Reporter $67k

Trade Management $81k

Trade Development $89k

Free Trade Analyst - Trade Compliance $113k

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Khan Academy

Rating Not enough ratings
Length 3 segments
Starts On Demand (Start anytime)
Cost Free
From Khan Academy
Download Videos On all desktop and mobile devices
Language English
Subjects Business Social Sciences
Tags Economics-Finance-Domain Microeconomics

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