econ with emily
econ with emily
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lagrangians in economics: an example
in this video, i work through a basic example of using the lagrange method to find the optimal consumption bundle, as a function of income and prices.
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lagrangians in economics: constrained optimization
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the lagrangian method is often introduced in intermediate microeconomics. it's a very *math* heavy method, but incredibly useful. this video walks through the lagrange method in general.