Lec 3: Budget Constraints and Constrained Choice

Course Info

Instructor

Prof. Jonathan Gruber

Departments

Economics

As Taught In

Fall 2023

Level

Undergraduate

Topics

Social Science
- Economics
  - Microeconomics

Learning Resource Types

Lecture Notes

Lecture Videos

Problem Sets with Solutions

Exams with Solutions

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In this lecture, Prof. Gruber talks about how consumers make decisions with budget constraints and constrained choice. How do consumers make decisions when they face a limit on their resources? Keywords: constrained choice, budget constraints, consumer preference, SNAP