rational consumer
2 episodes mention this concept
EconomicsExplainedOct 22, 2020Beyond Supply and Demand: Understanding Sticky Prices, Market Rigidities, and Real-World Economics
EconomicsSupply and DemandPerfect MarketMarket InefficiencySticky Prices
NewEconomicThinkingSep 11, 2019Ethics & Economics: Reinserting Moral Judgment into Economic Analysis
EconomicsValue-free economicsLogic of choice under scarcityJust priceCustomary price
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Related concepts
Concepts that appear alongside rational consumer across episodes.
- social welfare function
- economic rent
- supply and demand
- interpersonal comparisons of utility
- diamond-water paradox
- price premium
- value-free economics
- dead weight loss
- sticky prices
- market inefficiency
- diminishing marginal utility of money
- logic of choice under scarcity
- stewardship concept of private property
- surplus value
- natural rate of unemployment
- welfare
- human development index (hdi)
- disruptive innovation
- universal basic income (ubi)
- high-frequency trading