4. Demand Curves and Income/Substitution Effects

MIT Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: YouTube Playlist: Prof. Gruber begins the lecture by explaining how to derive demand curves. Other topics covered include elasticity of demand, income shifts, and effects of a price change. License: Creative Commons BY-NC-SA More information at More courses at Support OCW at We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at