A-Level Economics · Syllabus 7.2
Indifference curves and budget lines
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InteractiveIndifference Curves and Budget Lines: the Building Blocks7.2.1 to 7.2.2 · What indifference curves and budget lines show, their properties and what shifts them, with animations, labs and past paper practice.Open →
InteractiveConsumer Equilibrium and Deriving Demand with Indifference Curves7.2.2 to 7.2.3 · Tangency equilibrium, MRS = Px/Py and building the demand curve, with animations, labs and past paper practice.Open →
InteractiveThe Price Effect: Substitution and Income Effects7.2.3 · Splitting a price change with the compensating budget line, with animations, labs and past paper practice.Open →
InteractiveInferior Goods, Giffen Goods and Evaluation7.2.3 to 7.2.4 · Normal, inferior and Giffen goods and evaluating indifference curve analysis, with animations, labs and past paper practice.Open →
Extra activities that deepen understanding or give more support. Shown in coursebook order.
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InteractiveIndifference Curves and Budget Lines: the Whole Chapter on One Page7.2 · Indifference curves, budget lines and equilibrium, then the price effect split into substitution and income effects for normal, inferior and Giffen goods, with diagrams built from real numbers.Open →
InteractiveThe Giffen ParadoxIndifference curves and budget lines, and where the Giffen paradox really comes from.Open →
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