EC1002 Chapter 2 Lesson 3 - Normal, Inferior, Giffen Goods; Complements & Substitutes [Full]

Quickienomics
Quickienomics
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Welcome to the Real Quickienomics. You are watching the full version of EC1002 Chapter 2 Lesson 3 -  Normal, Inferior, Giffen Goods; Complements & Substitutes.

Key Topics:
- Define a Normal, Inferior and Giffen good
- Identify what type of good X is after a change in its price using graphs in deep detail
- Define Complements & Gross Substitutes
- Using the Indifference curve and Budget Constraints to identify Complements & Substitutes
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