MindMap Gallery Microeconomics consumer choice mind map
This is a mind map about consumer choice in microeconomics, including indifference curves, budget constraint, consumer equilibrium, etc.
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Principles of Economics (Micro Macro)
Chapter 5 Production Factor Market Theory (Intermediate Economist's Notes from Economic Basics)
Mankun Principles of Economics (Volume of Microeconomics)
Microeconomics
consumer choice
Overview of utility theory
desire and utility
desire
utility
Decreasing total utility and marginal utility
Cardinal utility and ordinal utility
unit of measure of utility
cardinal utility theory
ordinal utility theory
total utility and marginal utility
Total utility TU
Marginal utilityMU
diminishing marginal utility
law of diminishing marginal utility
The marginal utility of money is often regarded as a constant
utility maximization
Consumers only consume one commodity
Consumers consume two goods
Consumers consume n kinds of goods
consumer equilibrium
consumer demand curve
Derivation of consumer demand curve
shape of demand curve
Consumer Surplus
indifference curve
Preferences and Choices
Indifference curve and its characteristics
Features
marginal rate of substitution
Definition of marginal rate of substitution
The law of diminishing marginal rate of substitution
Special case of indifference curve
budget constraint
The meaning of budget constraint
Changes in the budget constraint
consumer equilibrium decision
Effects of changes in income on consumer equilibrium
Income-consumption expansion line
Engel Curve and Engel's Law
The impact of price changes on consumer equilibrium
Price-Consumption Expansion Curve
Substitution effect and income effect of price changes
The meaning of substitution effect and income effect
total effect of price changes
substitution effect
income effect
Substitution effect and income effect of normal goods
The substitution effect and income effect of low-end goods
Substitution effect and income effect of Giffen goods
The shape of the consumer demand curve
uncertainty risk
Description of Uncertainty and Risk Events
Consumer preferences for risk options
Consumer attitudes towards risk
Decision-making under risk conditions: the example of insurance markets