Cambridge International A Level Economics - Indifference curves and budget lines
<p>Objectives covered per the CAIE A level Economics syllabus:</p>
<ol>
<li>Define the meaning of an indifference curve and a budget line</li>
<li>Explain the causes of a shift in the budget line</li>
<li>Analyze the income, substitution and price effects for normal, inferior and giffen goods</li>
<li>Evaluate the limitations of the model of indifference curves</li>
</ol>