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hi so in the last video we derived the intertemporal budget constraint and in this video were going to look at borrowers and savers in particular and when we change the interest rate so we have a diagram here in which we have consumption for some consumer in period 2 on the y-axis and consumption in period 1 on the x-axis now Ive drawn the budget constraint here as shown by this straight line and we have some indifference curves of the consumer here were just going to call this indifference curve I so we know that the consumer maximizes their utility at the tangency point between the budget constraints and the indifference curve because this is the highest indifference curve they can get to so at the optimal level of consumption we have this level of C 1 C 1 star and this level of C 2 which well call C 2 star now what we can draw on this diagram is the initial income of the consumer in these two periods so for example lets imagine that the consumer has income given by this point o