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Exploring Consumer Behavior and Consumption Trends Worldwide

Delve into economic theories, historical perspectives, social influences, and environmental impacts on consumption behavior globally. Analyze budget lines, utility functions, and the effects of changes in income and prices. Understand the dynamics of consumer society.

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Exploring Consumer Behavior and Consumption Trends Worldwide

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  1. Chapter Eight: Consumption and the Consumer Society

  2. Economic Theory and Consumption

  3. Figure 8.1: The Budget Line

  4. Figure 8.2: Effect of an Increase in Income

  5. Figure 8.3: Effect of a Fall in a Price

  6. Table 8.1: Quong’s Utility from Chocolate Bars

  7. Figure 8.4: Quong’s Utility Function for Chocolate Bars

  8. Consumption in Historical and International Context

  9. Figure 8.5: Revolving Debt in the United States, 1968-2012, Adjusted for Inflation

  10. Consumption in a Social Context

  11. Figure 8.6: Global Advertising Expenditures, by Country/Region, 2011 Source: Advertising Age, December 5, 2011.

  12. Consumption in an Environmental Context

  13. Figure 8.7: Ecological Footprint per Capita, Select Countries, 2007 Source: Global Footprint Network, www.footprintnetwork.org/en/index.php/GFN/page/footprint_for_nations/

  14. Appendix: A Formal Theory of Consumer Behavior

  15. Figure 8.8: The Budget Line and Its Slope

  16. Figure 8.9: An Indifference Curve

  17. Figure 8.10: Different Levels of Utility

  18. Figure 8.11: Utility Maximization

  19. Figure 8.12: Response to a Change in Price

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