1. Basic Knowledge Utility maximization, Lagrange multiplier, Roy’s Identity Duality and cost minimization, Sheppard’s Lemma Slutsky equation Demand functions properties (homogenous, symmetry, additivity) Utility functional forms (Weak Separability and Strong Separability, Homothetic) Revealed Preferences (Weak and Strong Axiom of Revealed Preferences).
2. Empirical Applications Stone’s Analysis LES demand system Rotterdam model Almost Ideal Demand System Constant elasticity of substitution (CES) utility function, Cobb-Douglas and Translog Functional Form Engel Curves Index of Cost of Living.
3. Resents Food Demand Issues Demand of New Products (Contingent Valuation methods) Food Labeling Global Food Demand Trends.
