Sprint 7 · Chapter 2

Ordinal Utility And Indifference Curves

Understand indifference curves, calculate Marginal Rate of Substitution (MRS), and apply properties of indifference maps.

1. 1Introduction to Ordinal Utility
2. 2Markdown Content
3. 3Perfect Substitutes
4. 4Marginal Rate of Substitution
5. 5Indifference Curve Shapes
6. 6Core Properties
7. 7MRS along an Indifference Curve
8. 8Proof: Why ICs cannot intersect
9. 9Monotonic Preferences Check
10. 10Recall: Diminishing MRS