14.01 | Fall 2023 | Undergraduate

Principles of Microeconomics

Lec 3: Budget Constraints and Constrained Choice

In this lecture, Prof. Gruber talks about how consumers make decisions with budget constraints and constrained choice. How do consumers make decisions when they face a limit on their resources? Keywords: constrained choice, budget constraints, consumer preference, SNAP

Course Info

Departments
As Taught In
Fall 2023
Learning Resource Types
Lecture Notes
Lecture Videos
Problem Sets with Solutions
Exams with Solutions
Instructor Insights