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Principles of economics, translated
 
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"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, http://www.standupeconomist.com . Presented at the AAAS humor session, February 16, 2007. For the record, the talk contains two unattributed quotes ("9 out of 5" is adapted from a line attributed to Paul Samuelson---although apparently he said it about Wall Street indices, not macroeconomists---and "wrong about things" is paraphrased from P.J. O'Rourke's Eat the Rich) and, of course, the Einstein "simple" quote is an intentional misquote. The talk is based on a published article in Annals of Improbable Research (see http://www.improb.com/airchives/paperair/volume9/v9i2/mankiw.html ), which sponsored my talk and to which you should subscribe (http://improb.com/subscribe/ ). In the paper you can see the "constructive example" of how trade can make everyone worse off (or you can just wait 50 years to see what happens with climate change). More info and other clips on my website (http://www.standupeconomist.com ), and please sign up for my email list. (No spam I promise.)
Views: 1297306 Yoram Bauman
Ten Principles of Economics - Mankiw 8th
 
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Ten Principles of Economics - Mankiw 8th edition
Views: 9613 Shuang Xu
Chapter 13. The Costs of Production. Principles of Economics.
 
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Chapter 13. The Costs of Production. Gregory Mankiw. Principles of Economics. 7th edition What Are Costs? -Costs as Opportunity Costs -The cost of capital as an Opportunity Cost -Economic Profit versus Accounting Profit Production and Costs – The Production Function – From the Production Function to the Total-Cost Curve -Fixed and Variable Costs The Various Measures of Cost-Average -Average and Marginal Cost. -Cost curves and their shapes -Typical Cost Curves Costs in the Short Run and in the Long Run-The Relationship between Short-Run and Long-Run Average Total Cost
Views: 8172 Economics Course
Chapter 13 Production and Cost
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 11361 T M Tonmoy Islam
Welcome to Economics - Chapter 1, Mankiw 7e
 
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In the 7th edition of Greg Mankiw's Principles text he introduces students to the chapter they are about to study. This added context is just one feature of the best selling text and most advanced digital learning environment in all of undergraduate economics. For more information, please visit our website at http://bit.ly/1gnKXeh
Views: 22707 Cengage Learning
Chapter 19. Earnings and Discrimination. Gregory Mankiw. Principles of Economics.
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://diegocruz18.wixsite.com/onlineco/donation Chapter 19. Earnings and Discrimination. Gregory Mankiw. Principles of Economics. 7th edition. Introduction Some Determinants of Equilibrium Wages In the news: Higher education as an investment. Ability, Effort, and Chance. Case Study – The benefits of beauty An Alternative View of Education: Signaling The Superstar Phenomenon 19-If Above-Equilibrium Wages: Minimum-Wage Laws, Unions, and Efficiency Wages The Economics of Discrimination. Case Study – Is Emily More Employable than Lakisha? Discrimination by Employers Case Study – Segregated Streetcars and the Profit Motive Discrimination by Customers and Governments Discrimination in Sports In the news: Gender differences. Conclusion
Views: 166 Economics Course
Chapter 14. Firms in Competitive Markets. Gregory Mankiw. Principles of Economics.
 
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Chapter 14. Firms in Competitive Markets. Gregory Mankiw. Principles of Economics. 7th edition What is a Competitive Market?-The meaning of competition What is a Competitive Market?-The Revenue of a competitive firm Profit Maximization and the CompetitiveFirm’s Supply Curve - A Simple Example of Profit Maximization Profit Maximization and the CompetitiveFirm’s Supply Curve- The Marginal-Cost Curve and the Firm’s Supply Decision Profit Maximization and the CompetitiveFirm’s Supply Curve- The Marginal-Cost Curve and the Firm’s Supply Decision Profit Maximization and the CompetitiveFirm’s Supply Curve- The Firm’s Short-Run Decision to Shut Down Profit Maximization and the CompetitiveFirm’s Supply Curve- The Firm’s Short-Run Decision to Shut Down Profit Maximization and the CompetitiveFirm’s Supply Curve- Spilt Milk and Other Sunk Costs Profit Maximization and the CompetitiveFirm’s Supply Curve- The Firm’s Long-Run Decision to Exit or Enter a Market Profit Maximization and the CompetitiveFirm’s Supply Curve- Measuring Profit in Our Graph for the Competitive Firm The Supply Curve in a Competitive Market The Supply Curve in a Competitive Market-The Short Run: Market Supply with a Fixed Number of Firms The Supply Curve in a Competitive Market-The Long Run: Market Supply with Entry and Exit The Supply Curve in a Competitive Market-Why Do Competitive Firms Stay in Business If They Make Zero Profit? The Supply Curve in a Competitive Market-A Shift in Demand in the Short Run and Long Run The Supply Curve in a Competitive Market-A Shift in Demand in the Short Run and Long Run The Supply Curve in a Competitive Market-Why the Long-Run Supply Curve Might Slope Upward
Views: 6804 Economics Course
The Monetary System
 
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lecture video
Views: 9697 ageconjon
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: 644322 Jacob Clifford
Principles of Economics 7th Edition Mankiws Principles of Economics
 
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download_book read_book_pdf pdf free download read review book audio_book read online free free book download
Views: 20 Soboroto
Economic-Pecha Kucha-Final Project
 
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New Project 5
Views: 48 Patrick Bird
Chapter 10 - Externalities
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 5690 T M Tonmoy Islam
Chapter 8  Exercises 8-13. Application: The Costs of Taxation. Principles of Economics
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://diegocruz18.wixsite.com/onlineco/donation Solution Chapter 8 Exercises 8-13. Application: The Costs of Taxation. Principles of Economics. 8. The government places a tax on the purchase of socks.a. Illustrate the effect of this tax on equilibrium price and quantity in the sock market. Identify the following areas both before and after the imposition of the tax: total spending by consumers, total revenue for producers, and government tax revenue. B. Does the price received by producers rise or fall? Can you tell whether total receipts for producers rise or fall? Explain. c. Does the price paid by consumers rise or fall? Can you tell whether total spending by consumers rises or fall? Explain carefully. (Hint: Think about elasticity.) If total consumer spending falls, does consumer surplus rise? Explain. 9. Suppose the government currently raises $100 million through a $0.01 tax on widgets, and another $100 million through a $0.01 tax on gadgets. If the government doubled the tax rate on widgets and eliminated the tax on gadgets, would it raise more money than today, less money, or the same amount of money? Explain. 9. Suppose the government currently raises $100 million through a $0.01 tax on widgets, and another $100 million through a $0.01 tax on gadgets. If the government doubled the tax rate on widgets and eliminated the tax on gadgets, would it raise more money than today, less money, or the same amount of money? Explain. 10. Most states tax purchase of new cars. Suppose that New Jersey currently requires car dealers to pay the state $100 for each car sold, and plans to increase the tax $150 per car next car next year.A. Illustrate the effect of this tax increase on the quantity of cars sold in New Jersey, the price paid by consumers, and the price received by producers. b. Create a table that shows the levels of consumers surplus, producer surplus, government revenue and total surplus both before and after the tax increase. c. What is the change in the government revenue? Is it positive or negative?D. What is the change in deadweight loss? Is it positive or negative? e. Give one reason why the demand for cars in New Jersey might be fairly elastic. Does this make the additional tax more or less likely to increase government revenue? How might states try to reduce the elasticity of demand? 11. Several years ago the British government imposed a “poll tax” that required each person to pay a flat amount to the government independent of his or her income or wealth. What is the effect of such a tax on economic efficiency? What is the effect on economic equity? Do you think was a popular tax? 12. This chapter analyzed the welfare effects of a tax on a good. Consider now the opposite policy. Suppose that the government subsidizes a good: For each unit of the good sold, the government pays $2 to the buyer. How does the subsidy affect consumer surplus, producer surplus, tax revenue, and total surplus? Does a subsidy lead to a deadweight loss? Explain 13. Suppose that a market is described by the following supply and demand equations: A. Solve for the equilibrium price and the equilibrium quantity b. Suppose that a tax of T is placed on buyers, so the new demand equation is: Solve for the new equilibrium. What happens to the price received by sellers, the price paid by buyers, and the quantity sold? b. Suppose that a tax of T is placed on buyers, so the new demand equation is: Solve for the new equilibrium. What happens to the price received by sellers, the price paid by buyers, and the quantity sold? c. Tax revenue is T X Q. Use your answer to part (b) to solve for tax revenue as a function of T. Graph this relationship for T between 0 and 300. d. The deadweight loss a tax is the area of the triangle between the supply and demand curves. Recalling that the area of a triangle is ½ X base X height, solve for deadweight loss as a function of T. Graph this relationship for T between 0 and 300. (Hint: Looking sideways, the base of the deadweight loss triangle is T, and the height is the difference between the quantity sold with the tax and the quantity sold without tax.) e. The government now levies a tax on this good of $200 per unit. Is this a good policy? Why or why not? Can you propose a better policy?
Views: 7705 Economics Course
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: 877016 MIT OpenCourseWare
Keynesian economics | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
 
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Contrasting Keynesian and Classical Thinking Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/keynesian-thinking/v/risks-of-keynesian-thinking?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/monetary-fiscal-policy/v/tax-lever-of-fiscal-policy?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics 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 Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 681324 Khan Academy
Chapter 9. Application: International Trade. Principle of Economics. Gregory Mankiw
 
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Explanation of Chapter 9. Application: International Trade. Principle of Economics. Gregory Mankiw. The determinants of trade- The equilibrium without trade. The determinants of trade-The world price and comparative advantage. The winners and losers from trade-The gains and losses of an exporting country. The winners and losers from trade-The gains and losses of an importing country. The effects of a tariff. The effects of an import quota. The lessons for trade policy. The argument for restricting trade-The jobs argument. The argument for restricting trade-The national-security argument. The argument for restricting trade-The infant-industry argument. The argument for restricting trade-The unfair-competition argument. The argument for restricting trade-The protection-as-a-bargaining-chip argument
Views: 6765 Economics Course
Thinking Like An Economist (Ch 2)
 
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Tugas Mikro Ekonomi (N. Gregory Mankiw) Made by Power Point 2013 Kelompok 10 1. Achmad Ade Irfansyah 2. Janwaldi Silalahi 3. Tenti Novianti Manurung
Chapter 15 Monopoly
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 42666 T M Tonmoy Islam
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: 918991 Jacob Clifford
Chapter 11. Public Goods and Common Resources. Gregory Mankiw
 
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Chapter 11. Public Goodsand CommonResources. Gregory Mankiw. Principles of Economics. 7th edition. The different kind of goods. Examples of public goods. Common resources. Some important common resources
Views: 3882 Economics Course
Chapter 9.Exercises 1-6. Application:International trade. Principles of Economics
 
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1. The united states represents a small part of the world orange market. A. Draw a diagram depicting the equilibrium in the U.S. orange market without international trade. Identify the equilibrium price, equilibrium quantity, consumer surplus, and producer surplus. B. Suppose that the world orange Price is below the U.S. price before trade. Identify the new equilibrium Price, quantity produced domestically, and quantity imported. Also show the change in the surplus of domestic consumers and producers. Has domestic total surplus. Has domestic total surplus increased or decreased? 2. The world Price of wine is below the Price that would prevail in the United States in the absence of trade.A. Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under free trade. Identify consumer surplus, producer surplus, and total surplus in a appropiate table. b. Now suppose that an unusual shift of the Gulf Stream leads to an unseasonably cold summer in Europe, destroying much of the grape harvest there. What effect does this shock have on the world Price of wine? Using your graph and table from part (a), show the effect on consumer surplus, producer surplus, and total surplusnin the United States. Who are the winners and losers? Is the United States as a whole better or worse off? 3. The world Price of cotton is below the no-trade Price in Country A and above the no trade Price in country B. Using supply-and-demand diagrams and welfare tables such as those in the chapter, show the gains from trade in each country. Compare your results for the two countries. 4. Suppose that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition. Assuming that the U.S. is a Price taker in the world auto market, show on a diagram: the change in the quantity of imports, the loss to U.S. consumers, the gain to U.S. manufacturers, government revenue, and the deadweight loss associated with the tariff. The loss to consumers can be decomposed into three pieces: a transfer to domestic producers, a transfer to the government, and a deadweight lost. Use your diagram to identify these three pieces. 5. According to an article in The New York Times (Nov. 5, 1993), “many Midwest wheat farmers oppose the [North America] free trade agreement [NAFTA] as much as many corn farmers support it. “For simplicity, asume that the United States is a small country in the markets for both corn and wheat, and that without the free trade agreement, the United States would not trade these commodities internationally. (Both of these assumptions are false, but they do not affect the qualitative responses to the following questions.).A. Based on this report, do you think the world wheat Price is above or below the U.S. no-trade wheat Price? Do you think the world corn Price is above or below the U.S. no-trade corn Price? Now analyze the welfare consequences of NAFTA in both markets. b. Considering both markets together, does NAFTA make U.S. farmers as a group better or worse off? Does it take U.S. consumers as a group better better or worse off? Does it make the United States as a whole better or worse off? 6. Imagine that winemakers in the state of Washington petitioned the state government to tax wines imported from California. They argue that this tax would both raise tax revenue for the state government and raise employment in the Washington state wine industry. Do you agree with these claims? Is it a good policy?
Views: 4670 Economics Course
Econ Video- The ten principles animation
 
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-- Created using PowToon -- Free sign up at http://www.powtoon.com/join -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 35 Amanda Rosenstein
AP Macroeconomics Pecha Kucha
 
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Mankiw's Principles of Economic Interactions
Views: 35 Courtney Knox
Guns vs butter PPF model
 
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macro economics macroeconomics
Views: 242 TRAVIS KLEIN
Macroeconomics UTSA PPT Project
 
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Project on production possibility frontiers with Shakira Johnson and UTSA with summer Macroeconomics class. Guys I'm youtube literate!
Views: 26 Dylan Jones
Economics • 2  (Chapters 2 and 3)
 
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The second in a series of classes on Lyndon LaRouche's economics book, So, You Wish to Learn All About Economics?  This class will cover chapters 2 and 3, on "potential relative population density" and thermodynamics.   Presenter: Jason Ross CLASS MATERIALS:    LaRouche's book: So, You Wish to Learn All About Economics?    http://wlym.com/archive/pdf/iclc/soyouwish.pdf    The Power of Labor (Lyn's video series to accompany his book):    https://www.youtube.com/watch?v=Ja4KZqt3E88 HOMEWORK:   https://docs.google.com/document/d/1EFi_vJVp-aj6Fc-ewrnnjLf_LHc8dBAfGksm-MDUHa4
Production possibilities frontier | Microeconomics | Khan Academy
 
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Tradeoffs for a hunter gatherer and the production possibilities frontier, and the notion of "ceteris paribus" (which means "everything else held equal"). Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/opportunity-cost?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/externalities-topic/v/tragedy-of-the-commons?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: 1156709 Khan Academy
Chapter 7 Hangout
 
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Here is the lecture and powerpoint for Economics Chapter 7.
Views: Mark Sluzky
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: 797045 CrashCourse
Best  Books to learn Microeconomics
 
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Top and Best Books to study Microeconomics Top and Best Books to learn Microeconomics Microeconomics Best Sellers
Views: 556 Xnomiqus Channel
Macro Unit 2 Summary- Measuring the Economy
 
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Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate of unemployment, inflation (12:14), CPI, GDP deflato (17:59), and the causes of inflation (19:52). It also includes a pretty awesome Bonus Round (11:23). 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 Practice Multiple Choice Questions for Macro Unit 2 https://www.youtube.com/watch?v=Ks5MBWBdmQo Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 502274 Jacob Clifford
what is micro & macro economics in hindi
 
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Explain Micro and Macro Economics with example. व्यष्टि और समष्टि अर्थशास्त्र क्या है ?उदाहरण के साथ l Microeconomics is the study of particular markets, and segments of the economy. It looks at issues such as consumer behaviour, individual labour markets, and the theory of firms. Macro economics is the study of the whole economy. It looks at ‘aggregate’ variables, such as aggregate demand, national output and inflation.
Views: 281600 Know Economics
Pecha Kucha: The Warhol Economy
 
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Recorded on April 17, 2009 using a Flip Video camcorder.
Views: 136 aldwin
Condomnomics
 
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This is THE Condomnomics video presented in Mr. Edward's AP Economics class for the final project of the year. Presented 06/01/2007. This power point presentation is on the economics of condoms
Views: 1980 dunn18169
Macroeconomics - Chapter 09: Comparative Advantage and the Gains from International Trade
 
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In this video we will explore this challenge in the context of decision making tools we can use to make economically efficient decisions while realizing the full impact of trade barriers on our economy. The increase in international trade over the past 50 years is the result of falling shipping costs, the spread of cheap and reliable communications, and changes in government policies. During this period, trade tariffs have fallen. Fundamentally, recognize that all trade is affected by companies that make a product to sell domestically or internationally. Buyers are either people or companies wanting to use that product. Sometimes governments are the buyers of the goods made, but consumers are the nexus of the world’s open market economies.
Views: 174 Dr. Bill Schlosser
Economics Project:D
 
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Our product the Party Button!! I don't own any of the music
Views: 235 CaitiGolding
Wrecking Oligopoly
 
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Oligopoly - AP Microeconomics Fall 2013
Views: 210 stillgotit
Chapter 2-1 measuring economic activity
 
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Chapter 2-1 measuring economic activity
Views: 813 RMM