Chapter and sections in Taylor to Read
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Pg # |
Comments/Assignment
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8 Household Decision Making
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151 |
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Consumption Choices |
151 |
Read – ImportantPages 151-156 are most important. The top of page 156 is critical. |
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Total Utility and Diminishing Marginal Utility |
153 |
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Choosing with Marginal Utility |
154 |
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A Rule for Maximizing Utility |
155 |
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Measuring Utility with Numbers |
156 |
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How Changes in Income and Prices Affect Consumption Choices |
156 |
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How Changes in Income Affect Consumer Choices |
157 |
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How Price Changes Affect Consumer Choices |
158 |
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The Foundations of Demand Curves |
159 |
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Applications in Business and Government |
161 |
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Labor-Leisure Choices |
162 |
optional – interesting reading, particulary for business majors, but not on test |
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The Labor-Leisure Budget Constraint |
163 |
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Applications of Utility Maximizing with the Labor-Leisure Budget Constraint |
164 |
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Intertemporal Choices in Financial Capital Markets |
165 |
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Using Marginal Utility to Make Intertemporal Choices |
166 |
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Applications of the Model of Intertemporal Choice |
168 |
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The Unifying Power of the Utility-Maximizing Budget Set Framework |
170 |
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Key Concepts and Summary |
170 |
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Review Questions |
171 |
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