Marshallian amp Hicksian Demand Indirect Utility and Expenditure Functions

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Here I quickly show how to derive Marshallian demand and Indirect Utility functions, use Roy's Identity to recover demand from the Indirect Utility function, Derive Hicksian (Compensated) demand, the Expenditure Function, and plot both demand curves. I use Maple to do the algebra and graphing, and Lagrange multiplier for the set up. FUN! • *NOTE: At the end of the video I accidentally say that the Marshallian is the green one -- It is the RED one. I have an annotation correcting this, but if your browser doesn't show annotations, just be aware.* • Link to Maple file: https://drive.google.com/file/d/0B3-F... • Link to PDF of output: https://drive.google.com/file/d/0B3-F... •  Link to video with my Consumer Theory Handout:    • Advanced Consumer Theory 1: Marshalia...   • Simplifying the Expenditure Function:    • Consumer Theory Expression Simplifica...   • Deriving Marshallian, Indirect, and Using Roy's Identity:    • Advanced consumer theory by hand: Mar...   • My Website: http://www.burkeyacademy.com/ • Support me on Patreon!   / burkeyacademy   • Talk to me on my SubReddit:   / burkeyacademy  

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