(M2E4) [Microeconomics] Drawing Indifference Curves and Calculating Marginal Rate of Substitution

In this episode I discuss several examples of utility functions, explain how we draw their indifference curves and calculate MRS. Examples covered in this episode are Cobb-Douglas Utility function, Perfect Substitute, Perfect Complements, CES Utility, and Homothetic Preferences. 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.