The Maxwell School
Syracuse University
PAI 723 Economics for Public Decisions
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Materials from Class
Mon 10/23
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Topics and Class Materials
Finding the equilibrium: corner solutions
Daily exercise on perfect complements
Daily exercise solution
Demand equations: perfect complements
Generalizing the perfect complements demands
Demand equations: perfect substitutes
Finding the equilibrium: utility functions and interior solutions
Demand equations: Cobb-Douglas preferences
Other Resources
Readings and exercises on deriving PC demand equations
Readings and exercises on utility functions
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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 01/08/2024
