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Micro Unit 1 Summary- Basic Economic Concepts
 
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The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe. The Ultimate Review Packet https://www.youtube.com/watch?v=SxBL54a3-QQ Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 837839 Jacob Clifford
Microeconomics- Everything You Need to Know
 
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In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit Summary videos. If you like my videos please get the Ultimate Review Packet. It is the best way to say thank you. It is awesome and it's only $10. Here is the link: http://www.acdcecon.com/#!review-packet/czji I cover scarcity, opportunit costs, the PPC, comparative advantage, demand, supply, ceilings, floors, shifts, elasticity, taxes, consumer suprlus, consumer choice, costs of production, perfect competition, monopolies, opligopolies, mono[olistic competition, labor markets and firms, monopsonies, public goods, externalities, and the Lorenz curve. Wow! That's a lot. Get ready. Here we go!!!!!!!!!!!!! Thank you to Austin for organizing the following: Unit 1 1:00 Basics 1:13 PPC 2:17 Absolute & Comparative Advantage 3:07 Circular Flow Model Unit 2 4:04 Demand & Supply 5:26 Substitutes & Compliments 5:36 Normal & Inferior Goods 5:46 Elasticity 7:35 Consumer & Producer Surplus 7:52 Price Controls, Ceilings & Floors 8:37 Trade 9:08 Taxes 9:56 Maximizing Utility Unit 3 11:03 Production, Inputs & Outputs 11:16 Law of Diminishing Marginal Returns 11:36 Costs of Production 13:00 Economies of Scale 13:37 Perfect Competition 14:25 Profit-Maximizing Rule, MR=MC 15:20 Shut down Rule 16:05 Accounting & Economic Profit 16:30 Short-Run, Long-Run 16:56 Productive & Allocative Efficiency Unit 4 18:02 Monopoly 18:53 Natural Monopoly 20:01 Price Discrimination 20:22 Oligopoly 20:31 Game Theory 20:42 Monopolistic Competition Unit 5 21:51 Derived Demand 22:07 Minimum Wage 22:19 MRP & MRC 22:52 Labor Market 23:30 Monopsony 24:05 Least-Cost Rule Unit 6 25:11 Market Failures 25:27 Public Goods 26:00 Externalities 27:21 Lorenz Curve 27:44 Gini Coefficient 27:53 Types of Taxes Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 697329 Jacob Clifford
Review Final Exam (Spring 2016)
 
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00:00:00 Information on the final's Scantron format 00:01:10 Question #1 00:08:24 Question #2 00:11:15 Question #3 00:16:18 Question #4 00:17:21 Question #5 00:21:39 Question #6 00:22:31 Question #7 00:25:19 Question #8 00:28:26 Question #9 00:34:18 Question #10 00:38:25 Question #11 00:40:27 Question #12 00:45:12 Question #13 00:48:27 Question #14 00:56:48 Question #15 00:59:12 Question #16 01:01:13 Question #17 01:02:40 Question #18 01:04:53 Question #19 01:11:17 Question #20 01:13:01 Question #21 01:15:00 Question #22 01:16:00 Question #23 01:17:50 Question #24 01:19:15 Question #25 01:21:13 Question #26 01:23:50 Question #27 01:28:28 Question #28 01:34:04 Question #29 01:35:34 Question #30 01:37:07 Question #31 01:42:47 Question #32: Solution is in Ted Joyce's videos, Chap 17#4 01:46:50 Question #33 01:47:36 Question #34 01:49:12 Question #35 01:50:49 Question #36 01:55:00 Question #37 01:58:12 Question #38
Chapter 15 Monopoly
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 54189 T M Tonmoy Islam
Chapter 7  Exercises 1-5. Consumers, producers, and the efficiency of Markets.
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://diegocruz18.wixsite.com/onlineco/donation Exercises 1-5Chapter 7. Consumers, producers, and the efficiency of Markets. Gregory Mankiw. Principles of Economics 1. An early freeze in California sours the lemon crop. What happens to consumer surplus in the market for lemonade? Illustrate your answers with diagrams. 2. Suppose the demand for French bread rises. What happens to producer surplus in the market for French bread? What happens to producer surplus in the market for flour? Illustrate your answer with diagrams. 3. It is a hot day, and Bert is very thirsty. Here is the value he places on a bottle of water:a. From this information, derive Bert’s demand schedule. Graph his demand curve for bottled water. b. If the price of bottle of water is $4, how many bottles does Bert Buy? How much consumer surplus does Bert get from his purchases? Show Bert’s consumer surplus in your graph. c. If the price falls to $2, how does quantity demanded change? How does Bert’s consumer surplus change? Show these changes in your graph. 4. Ernie owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Here is the cost he incurs to produce each bottle of water:a. From this information, derive Ernie’s supply schedule. Graph his supply curve for bottle of water. b. If the price of a bottle of water is $4, how many bottles does Ernie produce and sell? How much producer surplus does Ernie get from these sales? Show Ernie’s producer surplus in your graph? c. If the price rises to $6, how does quantity supplied change? How does Ernie’s producer surplus change? Show these changes in your graph. 5. Consider a market in which Bert from problem 3 is the buyer and Ernie from problem 4 is the seller. A. Use Ernie’s supply schedule and Bert’s demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Which of these prices brings supply and demand into equilibrium? b. What are consumer surplus, producer surplus, and total surplus in this equilibrium? c. If Ernie produced and Bert consumed one less bottle of water, what would happen to total surplus? d. If Ernie produced and Bert consumed one additional bottle of water, what would happen to total surplus.
Views: 9398 Economics Course
Macro and Micro Unit 1- Practice Questions #1
 
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This is a 13 question practice quiz for Macroeconomics and Microeconomics Unit 1. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link next to each question to go back and rewatch a part of the Unit Summary video. Please subscribe The Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji Unit 1- Practice Questions #2 https://www.youtube.com/watch?v=_3IngsS9NVE Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 134506 Jacob Clifford
How to Solve Elasticity Problems in Economics
 
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This video goes over the equation and some examples of solving price elasticity of demand problems in economics. More information is available at http://www.freeeconhelp.com/2011/05/how-to-solve-elasticities-problems-in.html or http://www.freeeconhelp.com/2011/08/using-midpoint-formula-to-solve.html Essentially an elasticity measure looks at the responsiveness of one variable to changes in the other. In this case we are focused on the two economic variables of quantity and price. The easiest way to think about elasticity is to imagine a rubber band. The force on the rubber band causes it to stretch in a similar manner that a price change causes people to buy more or less of a product. The measurement of the relationship between this cause and effect in practice is called elasticity. More information is available at http://www.freeeconhelp.com/2011/05/how-to-solve-elasticities-problems-in.html or http://www.freeeconhelp.com/2011/08/using-midpoint-formula-to-solve.html
Views: 366166 Free Econ Help
Micro Unit 2 Summary- Supply, Demand, and Consumer Choice
 
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Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility (26:15). Be sure to subscribe and get the ultimate review packet. Thanks for watching. Get the packet and support ACDCEcon http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 687666 Jacob Clifford
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3661909 CrashCourse
Market equilibrium | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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Equilibrium price and quantity for supply and demand Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/v/changes-in-market-equilibrium?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/supply-curve-tutorial/v/long-term-supply-curve-1?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 859309 Khan Academy
Chapter 6. Supply, Demand, and Government Policies.
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://diegocruz18.wixsite.com/onlineco/donation Chapter 6. Supply, Demand, and Government Policies. Gregory Mankiw. Principles of Economics . Price ceiling. Price Floor. How Taxes on Buyers Affect Market Outcomes. How Taxes on Sellers Affect Market Outcomes. Elasticity and Tax Incidence
Views: 18213 Economics Course
The Basic Economic Questions - Introduction to Microeconomics (2/4) | Principles of Microeconomics
 
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This "Principles of Microeconomics" series is aimed at being an introduction to microeconomics. In this series, we will be answering the basic economic questions, defining economics, and examing economic policy and economics in the context of a social science. Keep in touch! Facebook: https://www.facebook.com/InspirareGlobal Twitter: https://www.twitter.com/InspirareGlobal
Views: 426 Inspirare
Chapter 7. Consumers, producers, and the efficiency of Markets.
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://streamlabs.com/economicscourse Welfare economics. Consumer Surplus. Willingness to pay. Using the demand curve to measure consumer surplus. How a lower price raises consumer surplus. Producer surplus. Cost and the willingness to sell. Using the supply curve to measure producer surplus. How a higher price raises producer surplus. Market efficiency. The benevolent Social Planner.
Views: 20303 Economics Course
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1681777 CrashCourse
Introduction to Microeconomics: MCQ Walk Through for Exam
 
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In this video, I go through about 25 Multiple Choice Questions covering some aspects of microeconomics. Topics covered in these MCQs include: 1) supply and demand 2) price elasticity of demand and supply 3) income elasticity 4) cross price elasticity 5) production possibility frontier 6) indifference curves and consumer choice If you're interested in getting through this video a lot quicker but you don't want to be skipping through it and missing content, then can I recommend the 'Video Speed Controller' from the Chrome App store. You can add it by clicking on the link below. It's one of my favourite recent discoveries: https://chrome.google.com/webstore/detail/video-speed-controller/nffaoalbilbmmfgbnbgppjihopabppdk It's an amazing tool If you're interested in economics and how it is applied in our everyday lives, check out the Economic Rockstar podcast at http://www.economicrockstar.com/podcasts/ Thanks for watching. Frank
Views: 6432 Frank Conway
Chapter 8.  Exercises 1-7. Principle of economics.
 
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Solution Exercises1-7. Principle of economics. 1. The market for pizza is characterized by a downward sloping demand curve and an upward-sloping supply curve. a. Draw the competitive market equilibrium. Label the price, quantity, consumer surplus, and produce surplus. Is there any deadweight loss? Explain b. Suppose that the government forces each pizzeria to pay a $1 tax on each pizza sold. Illustrate the effect of this tax on the pizza market, being sure to label the consumer surplus, producer surplus, government revenue, and the deadweight loss. How does each area compare the pre-tax case? c. If the tax were removed, pizza enters and sellers would be better off, but the government would lose tax revenue. Suppose that consumers and producers voluntarily transferred some of their gains to the government. Could all parties (including the government) be better off than they were with a tax? Explain using the labeled areas in your graph. 2. Evaluate the following two statements. Do you agree? Why or why not? a. “If the government taxes land, wealthy land owners will pass the tax on their poorer renters”. b. “If the government taxes apartment buildings, wealthy landlords will pass the tax on to their poorer renters”. 3. Evaluate the following two statements. Do you agree? Why or why not? a. “A tax has no deadweight loss cannot raise any revenue for the government”. 4. Consider the market for rubber bands a. If this market has very elastic supply and very inelastic demand, how would the burden of a tax on rubber bands be shared between consumers and producers? Use the tools of consumers surplus and producer surplus in your answer. b. If this market has very inelastic supply and very elastic demand, how would the burden of a tax on rubber bands be shared between consumers and producers? Contrast your answer with your answer to part (a) 5. Suppose that the government imposes a tax on heating oil. a. Would the deadweight loss from this tax likely be greater in the first year after it is imposed or in the fifth year? B. Would the revenue collected from this tax likely be grater in the first year after it is imposed or in the fifth year? 6. After economics class one day, your friend suggests that taking food would be a good way to raise revenue because the demand for food is quite inelastic. In what sense is taxing food a “good” way to raise revenue? In what sense is it not a “good” way to raise revenue? 7. Senator Daniel Patrick Moynihan once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets. a. Do you expect that this tax would raise much revenue? Why or why not? b. Even if the tax would raise no revenue, what might be Senator Moynihan’s reason for proposing it?
Views: 6535 Economics Course
Perfect Competition in the Short Run- Microeconomics 3.8
 
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In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1134036 Jacob Clifford
Chapter 23 Gross Domestic Product (GDP)
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 4797 T M Tonmoy Islam
Lec 1 | MIT 14.01SC Principles of Microeconomics
 
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Lecture 1: Introduction to Microeconomics Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 1024940 MIT OpenCourseWare
Macroeconomics- Everything You Need to Know
 
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In this video I quickly cover all the concepts and graph that you will see in an AP macroeconomics or college-level introductory macroeconomics course. Dn't take notes. Just get the big picture. *Note* At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal policy, money, banking, monetary policy, the Money Market, loanable funds, the balance of payments, and exchange rates. Wow! That's a lot of stuff. Good luck on your test! Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 782181 Jacob Clifford
Microeconomics Practice Problem - Utility Maximization Using Marginal Utility and Prices
 
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This video shows how to use marginal utility and prices to maximize utility. The problem is taken from Economics: Principles and Applications, 6th Edition, by Robert Hall and Marc Lieberman, and is Ch. 6 problem #3. See the "Practice Problems" playlist for an archive of daily practice problems. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 143468 jodiecongirl
Elasticity and the Total Revenue Test- Micro 2.9
 
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Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching. Please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1275321 Jacob Clifford
Microeconomics Practice Problem - Monopoly, Consumer Surplus, and Deadweight Loss
 
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This video explains how to find the profit-maximizing quantity and price for a monopoly on a graph and how to identify consumer surplus and deadweight loss for a monopoly. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 14 problem #8. See the "Practice Problems" playlist for an archive of daily practice problems. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 36916 jodiecongirl
Micro Unit 3 Summary- Costs and Perfect Competition
 
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Welcome! This is the Microeconomics Unit 3 Summary video. I cover concepts like diminishing marginal returns (1:14), the costs of production (5:11), the long run average total costs and economies of scale (10:29), and perfect competition in both the short run (15:27) and long run (23:52). Make sure you know how to do the calculations and draw the key graphs. Definitely get the Ultimate Review Packet. It will totally help. Thanks for watching. If you want more videos like this, please subscibe. Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 683826 Jacob Clifford
Production Possibilities Curve- Econ 1.1
 
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In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 1088859 Jacob Clifford
Micro 2.12- Maximizing Utility Practice and the Law of Diminishing Marginal Utility
 
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Want to know the longest wait time? Scroll to the bottom of this description to find out. Hey students. This video is designed to help you calculate and apply marginal utility and marginal utility per dollar. Many teachers and professors ask questions that require you to determine the utility maximizing combination with two goods. Be sure to try the practice free response question below as well as the study guides in my Ultimate Review Packet. Thanks for watchig. Practice Question with Answers: https://goo.gl/arwNno Economics of Disneyland: https://goo.gl/xyZDuR According to my research, the longest wait at a Disney theme park was 7 HOURS for Guardians of the Galaxy- Mission: Breakout! What do you think? Let me know.
Views: 56894 Jacob Clifford
Monopoly Graph Review and Practice- Micro 4.7
 
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I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching. Please subscribe. Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 720103 Jacob Clifford
AP Microeconomics Review 2018- LIVE Stream
 
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Thank you for all for watching my YouTube videos. In this LIVE stream I am going to answer your questions, cover all the key graphs, identfy the most frequently asked concepts, and give my predictions for the 2018 AP Micro Exam FRQs. Thanks for watching.
Views: 24325 Jacob Clifford
Monopolies and Anti-Competitive Markets: Crash Course Economics #25
 
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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 503465 CrashCourse
Lec 3 | MIT 14.01SC Principles of Microeconomics
 
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Lecture 3: Elasticity Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 225583 MIT OpenCourseWare
Lec 5 | MIT 14.01SC Principles of Microeconomics
 
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Lecture 5: Budget Constraints Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 129111 MIT OpenCourseWare
Productivity and Growth: Crash Course Economics #6
 
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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 912255 CrashCourse
Ten Principles of Economics - Mankiw 8th
 
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Ten Principles of Economics - Mankiw 8th edition
Views: 16940 Shuang Xu
Introduction to Indifference Curves and Budget Lines Economics
 
10:42
Microeconomics, Managerial Economics, Indifference Curve, Budget Line Related Links: PlayList on Consumer Theory http://www.youtube.com/playlist?list=PL2D7155066C3E2720 Edgeworth Box Diagram http://www.youtube.com/watch?v=7QFAQJBq1uk http://www.facebook.com/partymorestudyless
Views: 340842 Economicsfun
Principles Of Microeconomics -- ECO 365
 
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ECO 365 final exams support it http://finalexamtutorials.com/final-exams/18-eco-365-final-exam.html
Views: 440 Default Name
Lec 2 | MIT 14.01SC Principles of Microeconomics
 
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Lecture 2: Applying Supply and Demand Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 351984 MIT OpenCourseWare
Microeconomics Practice Problem - Calculating Price Elasticity of Demand
 
19:04
This video shows how to calculate price elasticity of demand using the midpoint method when given a demand schedule. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 5 problem #2. See the "Practice Problems" playlist for an archive of daily practice problems. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 72361 jodiecongirl
Fiscal Policy and Stimulus: Crash Course Economics #8
 
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In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren't evil, but there is an evil lair involved. In this episode we learn how government use taxes and spending influence the economy. Sometimes the government gives, and sometimes it takes. And the giving and the taking can have a profound effect on how economies behave. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 928839 CrashCourse
Macro Unit 1 Summary- Basic Concept and Demand/Supply
 
36:18
The Macro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve (9:22), comparative advantage (14:45) and demand and supply (29:26). I also show you the quick and dirty (22:21). Don't worry, it's school appropriate. Thanks for watching and please subscribe. The Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 662486 Jacob Clifford
Principles of Microeconomics - Introduction
 
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Principles of Microeconomics ECO 2023 Introduction
Views: 574 Roman Cech
INTRODUCTION TO MICRO ECONOMICS CHAPTER: 1, STD.: 12TH, ECONOMICS
 
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Dear students, Learn ECONOMICS in a easy way... learn and score. The sum is of INTRODUCTION TO MICRO ECONOMICS CHAPTER: 1, STD.: 12TH, ECONOMICS Textbook of Maharashtra State board. CWT EDUCATIONAL CHANNEL for nursery to 12 std man behind B.ALAM PATHAN must watch and please "LIKE" and "SUBSCRIBE" and thanks for watching economics course economics study online economics course study economics
Views: 851363 cwt educational channel
Macroeconomics: Crash Course Economics #5
 
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This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1279100 CrashCourse
Microeconomics Practice Problem - The Cost of Externalities and the Logic of Corrective Taxes
 
13:41
This video explains how to think about the tradeoff between externality cost reduction and the deadweight loss of taxation. It also discusses whether producers or consumers should pay corrective taxes. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 10 problem #2. See the "Practice Problems" playlist for an archive of daily practice problems. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 15558 jodiecongirl
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1008694 CrashCourse
Answering the three fundamental questions of economics: What, how, and for whom.
 
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Answering the three fundamental questions of economics, what to produce, how to produce it, and for whom it is produced. This video is embedded at http://www.freeeconhelp.com/2011/06/three-fundamental-questions-every.html with appropriate text to go over the concepts.
Views: 24595 Free Econ Help
Microeconomics Practice Problem - The Production Possibilities Frontier and Trade
 
20:51
This video covers a practice problem on opportunity cost, the production possibilities frontier, and the potential gains from trade. The problem is taken from Principles of Economics, 6th Edition, by N. Gregory Mankiw, and is Ch. 3 problem #4. See the "Practice Problems" playlist for an archive of daily practice problems. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 11769 jodiecongirl

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