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Rational Economic Decision-Making

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About the lecture

In this module, we look at rational economic decision-making. In particular, we focus on: (i) why its important to study how economic actors make decisions; (ii) how total and marginal utility work in economics; (iii) how utility works in relation to the price mechanism; and (iv) how utility links to the individual and market demand curves.

About the lecturer

Maiija Halonen-Akatwijuka is an Associate Professor in Economics at the University of Bristol. She specialises in the areas of contract theory and organisational economics. With this in mind, she has published widely, including 'Can Technological Change Weaken the Robustness of Common-Property Regimes?' (The Cambridge Handbook of Commons Research Innovations, 2022) and 'Coordinating Public Good Provision by Mediated Communication' (American Economic Journal: Microeconomics, 2021).

Cite this Lecture

APA style

Halonen-Akatwijuka, M. (2023, February 14). How Markets Work - Rational Economic Decision-Making [Video]. MASSOLIT. https://massolit.io/options/how-markets-work?auth=0&lesson=12395&option=4838&type=lesson

MLA style

Halonen-Akatwijuka, M. "How Markets Work – Rational Economic Decision-Making." MASSOLIT, uploaded by MASSOLIT, 14 Feb 2023, https://massolit.io/options/how-markets-work?auth=0&lesson=12395&option=4838&type=lesson