Virtual University

Topic 197: Interpretation of the Lagrange Multiplier. (V-U)

10. Review of Consumer Equilibrium

Topic 205: Economic Application of Production Function Maximization (V-U)

Topic 198: Second Order Condition: The Bordered Hessian (V-U)

11. Income & Substitution Effects

Topic 206: Economic Application on Logarithmically Transformed Production Function (V-U)

Topic 199: Two Period Model of Utility. (V-U)

12. Aggregate Demand

Topic 207: Homogeneous Functions (V-U)

13. Risk Analysis

Topic 200: Convexity and Concavity using Second Order Derivative. (V-U)

Topic 208: Homogeneous Production Function, Average Products and Capital-Labor ratio. (V-U)

14. Preferences Toward Risk

Topic 209: Homogeneous Production Function, Marginal Products and Capital-Labor ratio. (V-U)

15. Reducing Risk

32. Monopoly

Topic 210: Homogeneous Production Function and Euler''s Theorem (V-U)

33. Sources of Monopoly Power

16. The Technology of Production

Topic 211: Cobb-Douglas Production Function and Returns to Scale. (V-U)

34. Monopsony Power

17. Production with two variable inputs

Topic 212: Homogeneity and Returns to Scale of Three input Production Function. (V-U)

35. Second-Degree Price Discrimination

18. Measuring Cost