Congratulations! You have successfully completed chapter 1! I hope you found it a breeze and as we move on to slightly more advanced topics, you will definitely get a hang of it! So, keep it up, people!!!
To introduce Chapter 2: Consumer Theory and Individual choice, let me give you an illustration. We all love shopping, do we!? I know I do! So I’m walking around town and I enter 2 stores: D&G and L.V.. Thing is… I have a limited budget of $100000!!
I’m a fashion freak and I live on fashion, baby! But, how many of each brand am I going to buy??? How do I decide?? What makes me satisfied with my purchase at the end of the day? Why do I make certain choices?
That is what this video is about, understanding the basics of how individuals maximize the use of their monetary resources.
At the end of this video, you should be able to: