Ch 0: [Optimization 3] Constrained Optimization, Substitution method, Lagrangian Method

In this video I provide a very brief summary of the basics of optimization theory, which we will use in our advanced level Econ courses: Constrained optimization of a function with two variables, Substitution method, Lagrangian. It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.