Microeconomics Theory and Applications Chapter 5

00:00 Chapter 5 Consumer welfare and policy analysis
00:07 Consumer surplus (CS)
01:06 Expenditure function and consumer welfare
02:33 Compensating variation (CV) and equivalent variation (EV)
05:01 Government policies on consumer welfare
05:38 Effect of a quota
06:43 Effect of food stamps
08:30 Deriving labor supply curve
08:54 Substitution effect and income effect of a wage increase
10:48 Income tax revenue
11:49 Childcare subsidy vs lump-sum subsidy

#compensating_variation #equivalent_variation #consumer_welfare