Sumários
Session 6 - Module 2 (CORE Unit 3)
25 Setembro 2025, 12:30 • Carlos Lourenço
Opportunity cost or relatiove price and feasible set
marginal Rate of Transformation (MRT)
The optimal decision: 'wants' meet 'cans', i.e., MRS = MRT
Technological progress and the rise of wages: income and substitution effects
Session 6 - Module 2 (CORE Unit 3)
25 Setembro 2025, 10:30 • Carlos Lourenço
Opportunity cost or relatiove price and feasible set
marginal Rate of Transformation (MRT)
The optimal decision: 'wants' meet 'cans', i.e., MRS = MRT
Technological progress and the rise of wages: income and substitution effects
Practice Class 2
24 Setembro 2025, 08:00 • Alba Miñano-Mañero
Practice Exercises from Module 1: 4 to 8
Session 5 - Module 2 (CORE Unit 3)
23 Setembro 2025, 12:00 • Carlos Lourenço
GDP per capita and annual hours worked since the Industrial Revolution across countries
The labor-leisure model as a model of constrained choice
Choices imply tradeoffs
Utility functions and indifference curves as representations of preferences
Characteristics of indifference curves (e.g., downwarding slope)
Marginal Rate of Substitution (MRS)
Ratio of marginal utilities