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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: 1307223 Yoram Bauman
10 Prinsip Ekonomi (Mankiw)
 
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10 Prinsip Ekonomi Ten Principles of Economic Prinsip Ekonomi Animasi
Views: 1435 farhaanagari mix
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: 25402 Cengage Learning
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: 840688 Jacob Clifford
Chapter 25 Part 1 - Productivity
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 2422 T M Tonmoy Islam
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: 600 Economics Course
10 Principles of Economics
 
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10 Principles of Economics
Views: 83470 ageconjon
Ten Principles of Economics - Mankiw 8th
 
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Ten Principles of Economics - Mankiw 8th edition
Views: 17061 Shuang Xu
Chapter 13 Production and Cost
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 15535 T M Tonmoy Islam
Chapter 13. The Costs of Production. Principles of Economics.
 
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You can support us https://streamlabs.com/economicscourse 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: 11985 Economics Course
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: 5017 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: 1027754 MIT OpenCourseWare
Chapter 15. Monopoly. Gregory Mankiw. Principles of Economics. 7th edition
 
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Chapter 15. Monopoly. Gregory Mankiw. Principles of Economics. 7th edition Introduction Why Monopolies Arise Monopoly Resources Government-Created Monopolies Natural Monopolies How Monopolies Make Production and Pricing Decisions-Monopoly Vs Competition How Monopolies Make Production and Pricing Decisions-Monopoly Vs Competition How Monopolies Make Production and Pricing Decisions-A Monopoly’s Revenue How Monopolies Make Production and Pricing Decisions - Profit Maximization How Monopolies Make Production and Pricing Decisions – A Monopoly’s profit The Welfare Cost of Monopolies The Welfare Cost of Monopolies-The Deadweight loss. The Welfare Cost of Monopolies-The Monopoly’s Profit: A Social Cost? Price Discrimination Price Discrimination-A Parable about pricing. Price Discrimination-The Moral of the Story Price Discrimination-The analytics of Price Discrimination Price Discrimination-Examples of Price Discrimination. Public Policy towards Monopolies Public Policy towards Monopolies. Increasing Competition with Antitrust Laws. Public Policy towards Monopolies. Regulation Public Policy towards Monopolies. Public Ownership. Public Policy towards Monopolies. Doing nothing Conclusion: The Prevalence of Monopolies
Views: 6524 Economics Course
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: 8487 Economics Course
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: 741468 Khan Academy
Chapter 15 Monopoly
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 54383 T M Tonmoy Islam
Chapter 10. Externalities. Principles of Economics. Gregory Mankiw.
 
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Chapter 10. Externalities. Principles of Economics. Gregory Mankiw. Examples of externalities. Welfare economics: A recap. Negative externalities in production. Pollution and the Social Optimum. Positive Externalities in Production. Technology Spillovers and the Social Optimum. Externalities in consumption Private Solutions to Externalities-The types of private solutions. The Coase theorem Why private solutions do not always work. Public policies toward externalities-Regulation. Pigovian taxes and subsidies. Tradable Pollution Permits The equivalence of Pigovian Taxes and Pollution Permits Objections to the economics analysis od pollution
Views: 7611 Economics Course
Chapter # 3: PRODUCTIVITY, OUTPUT AND EMPLOYMENT
 
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MACROECONOMICS WITH DR. SHERAZ MSc (Economics): Quaid-e-Azam University, Islamabad M.phil (Economics - University of York, UK) PhD (Political Economy - University of York, UK) [email protected] Suggested Books: Macroeconomics by Abel, Bernanke and Croushore Economics by Mcconnell, Brue, Flynn and Grant Principles of Macroeconomics by Mankiw
Chapter 14. Firms in Competitive Markets. Gregory Mankiw. Principles of Economics.
 
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You can support us: https://streamlabs.com/economicscourse 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: 10299 Economics Course
Chapter 2. Thinking Like an Economist. Gregory Mankiw.
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://streamlabs.com/economicscourse It is a summary of the Chapter 2 of the book Principle of Economics of Gregory Mankiw. First Model. The circular-flow Diagram Second Model: The production possibilities frontier. Positive Vs Normative analysis
Views: 16738 Economics Course
Chapter 18. The Markets for the Factors of Production. Gregory Mankiw
 
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YOU BELEIVE IN THIS PROJECT! Donate it and you'll support us. https://diegocruz18.wixsite.com/onlineco/donation Chapter 18. The Markets for the Factors of Production. Gregory Mankiw. Principles of Economics. 7th edition Introduction The Demand for labor The Demand for labor-The competitive Profit-Maximizing Firm The Demand for labor-The Production Function and the Marginal Product of Labor The Demand for labor-The Production Function and the Marginal Product of Labor The Demand for labor-The Value of the Marginal Product and the Demand for Labor The Demand for labor- What Causes the Labor-Demand Curve to Shift? The Supply of Labor - The Trade-off between Work and Leisure The Supply of Labor - What Causes the Labor-Supply Curve to Shift? Equilibrium in the labor market Equilibrium in the labor market - Shifts in Labor Supply Equilibrium in the labor market - Shifts in Labor Demand The Other Factors of Production: Land and Capital The Other Factors of Production: Land and Capital - Equilibrium in the Markets for Land and Capital The Other Factors of Production: Land and Capital - Equilibrium in the Markets for Land and Capital The Other Factors of Production: Land and Capital - Linkages among the Factors of Production The Other Factors of Production: Land and Capital - Linkages among the Factors of Production Conclusion
Views: 2464 Economics Course
Chapter 5   Elasticity of Demand
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 3120 T M Tonmoy Islam
Chapter 14 Perfectly Competitive Market
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 18115 T M Tonmoy Islam
Aggregate demand | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
 
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Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward sloping Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/aggregate-supply-demand-tut/v/shifts-in-aggregate-demand?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/inflation-topic/phillips-curve-tutorial/v/phillips-curve?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: 848291 Khan Academy
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: 860191 Khan Academy
Chapter 10 - Externalities
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 9614 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: 1091086 Jacob Clifford
Exercises 2- 7. Chapter 2. Thinking like an economist. Gregory Mankiw. Principles of economics
 
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Solution Exercises 2- 7. Chapter 2. Thinking like an economist. Gregory Mankiw. Principles of economics. 2. One common assumption in economics is that the products of different firms in the same industry are indistinguishable. For each of the following industries, discuss whether this is a reasonable assumption. A.steel B. Novels C. Wheat. D. Fast food. 3. Draw a Circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities.A. Sam pays a storekeeper $1 for a quart of milk. A. Sam pays a storekeeper $1 for a quart of milk. B. Sally earns $4.50 per hour working at a fast food restaurant C. Serena spends $7 to see a movie. D. Stuart earns $10,000 from his 10 percent ownership of Acme Industrial 4. Imagine a society that produces military goods and consumer goods, which we’ll call “guns” and “butter”.A. Draw a production possibilities frontier for guns and butter. Explain why it most likely has a bowed-out shape. B. Show a point that is impossible for the economy to achieve. Show a point that is feasible but ineficient. C. Imagine that the society has two political parties, called the Hawks(who want a strong military) and the Doves(who want a smaller military). Show a point on your production possibilities frontier that the Hawks and a point the Doves might choose. D. Imagine that an aggressive neighboring country reduces the size of its military. As a result, both the Hawks and the Doves reduce their desired production of guns by the same amount. Which party would get the bigger “peace dividend”, measured by the increase in butter production?Explain. 5. The first principle of economics discussed in Chapter 1 is that people face tradeoffs. Use a production possibilities frontier to illustrate a society’s tradeoff between a clean environment and high incomes. What do you suppose determines the shape and position of the frontier? Show what happens to the frontier if engineers develop an automobile engine with almost no emissions. 6. Classify the following topics a relating to microeconomics or macroeconomics. a. A family`s decision about how much income to save. b. The effect of government regulations on auto emissions. c. The impact or higher national saving on economic growth. d. A firm’s decision about how many workers to hire. e. The relationship between the inflation rate and changes in the quantity of money. 7. Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run tradeoff between inflation and unemployment. (Positive). It is a fact due to the Philips curve. b. A reduction in the rate of growth of money will reduce the rate of inflation. c. The Federal Reserve should reduce the rate of growth of money. d. Society ought to require welfare recipients to look for jobs. e. Lower tax rates encourage more work and more saving.
Views: 5613 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: 5850 Economics Course
The Phillips Curve (Macro Review) Macro 3.4
 
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In this video I explain the Phillips Curve and the relationship between inflation and unemploymnet. Remeber that there are two curves the long run curve and the short run curve. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-pack... 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: 547143 Jacob Clifford
Six Debates over Macroeconomic Policy - Macroeconomics Lecture # 15
 
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Six Debates over Macroeconomic Policy - Macroeconomics Lecture # 15. Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: https://www.youtube.com/channel/UCuBvNmo-Q42RPTisa-b1_-w?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: The course introduces the students to the fundamentals of economics and how economy operates. The topics included are introduction to macroeconomics, law of demand and supply, fiscal and monetary policy and financial institutions, and use of economic indicators to forecast an economic growth. Course Objective: The objective of this course is that the students will have the basic knowledge of the economic concepts and phenomena be able to understand the working of an economy in an international context and will have an understanding about major economic issues and problems of the day. Macroeconomic factors and policies that affect the business activities in an open economy. The students will also have an insight into the functioning of macroeconomic activities and also macroeconomic indicators. They will be able to view the economy in global perspective. After completing the course the students will be able to apply the principles of macroeconomics to solve economic problems being faced by both public and private sectors of Pakistan. Learning Outcome: At the end of this course it is expected that the student should be able to: 1. Identify the circular flow of output, expenditure and incomes in an economy. 2. Make a distinction between injections and withdrawals from the circular flow of income. 3. The overall functioning of the economy. 4. The key role of macroeconomic indicators in understanding the economy. 5. Understand the concept of macroeconomic equilibrium and implications for the management of the business cycle. 6. To understand the fluctuations of business cycles about trend in real GDP. 7. The revolution that came in the area of economics through the efforts of Keynes. 8. Discuss and compare the Keynesian theory with the classical theory. 9. The role of fiscal and monetary policy in stabilizing the economy. 10. Describe the tools used by the central bank to conduct its monetary policy. 11. Describe the recent history of federal expenditures, tax revenues, and budget deficit. 12. Analyze the importance of international trade to the Pakistan economy and evaluate the effects of government policy measures on the exchange rate and trade. Course Contents: Topics to be covered Five Debates over Macroeconomic Policy 1. Should monetary and fiscal policymakers try to stabilize the economy? 2. Should monetary policy be made by rule rather than by discretion? 3. Should the central bank aim for zero inflation? 4. Should the government balance its budget? 5. Should the tax laws be reformed to encourage saving?
Views: 2584 Get Knowledge
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: 1986 dunn18169
2010 American Economic Association humor session
 
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Yoram Bauman PhD, "the world's first and only stand-up economist", at the 2010 AEA humor session. More at www.standupeconomist.com. This clip contains jokes about the financial crisis, an economics recipe for scrambled eggs, "What to expect when you're expecting the Nobel Prize", and some of the Nobel prize jokes from my Cartoon Introduction to Economics (co-authored and illustrated by Grady Klein).
Views: 66681 Yoram Bauman
Chapter 7 Hangout
 
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Here is the lecture and powerpoint for Economics Chapter 7.
Views: Mark Sluzky
Intro to Game Theory and the Dominant Strategy Equilibrium
 
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http://economicsdetective.com/ Game theory is the study of human behaviour in strategic settings. It is used to solve some of the harder problems in economics. So what is a game? To have a game, you need at least two players, sometimes called agents, or, if you want to be really crazy, people. And you need payoffs for the players, you need to define the outcomes they can potentially get depending on how the game unfolds. And finally, you need rules for the game. Now, it's not always obvious how people will behave, even with players, payoffs, and rules clearly defined. That's why game theorists have a number of solution concepts for games, including the dominant strategy equilibrium, the Nash equilibrium, the subgame perfect Nash equilibrium, the Bayesian equilibrium, and the weak perfect Bayesian equilibrium. The most basic solution concept is the dominant strategy equilibrium. In a game, each player can have any number of possible strategies. One strategy strictly dominates another strategy if the player is always better off under that strategy no matter what other players do. If one strategy strictly dominates every other possible strategy a player could take, that strategy is a strictly dominant strategy. We have a dominant strategy equilibrium when all players play a strictly dominant strategy. Now let's look at the most famous game in game theory, the Prisoner's Dilemma. There are two prisoners, prisoner 1 and prisoner 2, and they each have a choice. They can testify against the other, or they can keep quiet. If they both keep quiet, they both get off with a light sentence, which I'll represent with a payoff of 2. Prisoner 1's payoff is on the left, prisoner 2's is on the right. If they both testify, they both get a moderate sentence. I'll represent the moderate sentence by a payoff of 0. Right about now, keeping quiet is looking like the best option, but there's more to this game. If one testifies and the other keeps quiet, the one who testified will get off scot free, and the one who kept quiet will get an extremely harsh sentence; they'll throw the book at him. Think about this game for a moment. Keeping quiet looks like a pretty good option if both prisoners could promise not to testify. But these prisoners only care about their own self-interest. So, both prisoners may tell the other they pinky swear not to testify, but they won't keep that promise. If prisoner 2 keeps quiet, prisoner 1 is better off testifying. If prisoner 2 testifies, prisoner 1 is better off testifying. Testifying is a dominant strategy for both players, so both testifying is the dominant strategy equilibrium. The prisoner's dilemma comes up in all sorts of situations. For instance, instead of prisoners our players could be, say, oil companies. If both set a high price they can sell for a high price, but each one has an incentive to undercut, in which case he will capture the entire market. The equilibrium outcome is for each company to charge a low price. The prisoner's dilemma isn't the only game with a dominant strategy equilibrium. Here's a more complicated one. Can you tell which strategy is dominant? It's A for player 1, and E for player 2. So the dominant strategy equilibrium is A, E.
Views: 480791 The Economics Detective
Stand-up economist at Caroline's
 
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Yoram Bauman, "the world's first and only stand-up economist", performing at Caroline's on Broadway (in NYC's Times Square), July 9, 2007, with a surprise group of NERA economists in the audience (stage right).
Views: 197977 Yoram Bauman
Stand-up Economists Play Off Finances for Laughs
 
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Economics isn't exactly a side-splitting discipline, but at a recent economics convention in Atlanta, self-proclaimed "stand-up economist" Yoram Bauman and others showed it's possible to infuse the dismal science with monetary mirth.
Views: 13158 PBS NewsHour
Economics for beginners; Revenue & Profit Maximization Accounting profit vs Economic Profit
 
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Numerical explanation of Accounting profit & Economic Profit plus graphical presentation of profit maximization approach. HERE ARE THE LINKS FOR MY ALL VIDEOS YOU MAY LIKE  Links for; MOTIVATIONAL videos (40 + videos) https://www.youtube.com/watch?v=WM3Upd0MeDg&index=19&list=PLU-cxjF-s0HmnD_TYqmkb6VBL6AusSB_Y Basics of ECONOMICS; Micro & Macro (25 + videos) https://www.youtube.com/playlist?list=PLU-cxjF-s0HngkQ9xdQ5waYtpEO2MkP-D ECONOMETRICS; An introduction (20 + videos) https://www.youtube.com/watch?v=WNf1DLTRlTo&index=7&list=PLU-cxjF-s0Hk0DOXPqauiHBfRgaFpqYxK&t=0s RESEARCH & THESIS Writing (6 videos) https://www.youtube.com/watch?v=ib7yYggOgpA&t=308s&list=PLU-cxjF-s0HlVJnf2dev1KtoAD3ZljWVg&index=3 OLIGOPOLY & GAME THEORY ( 6 videos) https://www.youtube.com/playlist?list=PLU-cxjF-s0HnlCialpcyfz0O8xminDXja Principles of MARKETING ( 10+ videos) https://www.youtube.com/watch?v=mCAogfEz6bs&t=0s&list=PLU-cxjF-s0HlgTwSl9Xk3bx5z8q7kOD6F&index=12 Management; HRM & STRATEGIC MANAGEMENT ( 6 videos) https://www.youtube.com/watch?v=uO3azOb2icE&t=314s&list=PLU-cxjF-s0Hml7o706eKofZ7D4bXIcJwH&index=6 ========= About KOKAB MANZOOR ========= Kokab Manzoor is Certified Trainer, Speaker & Career Counsellor. He has trained thousands of students & Professionals about Leadership & Management skills, Motivation, Personality Grooming, Career selection and about variety of other life skills. Has a sound understanding of needed traits for workplace success and a strong ability to train employees in improving those characteristics. Follow me www.Youtube.com/kokabmanzoor www.Facebook.com/kokabmanzoor19 [email protected] http://kokabmanzoor1.blogspot.com/
Views: 197 Kokab Manzoor
Chapter 12 Economics
 
12:30
GDP, economic indicators, GNP, CPI,
Views: 545 Jo Cox
CH 17: Oligopoly 1
 
10:28
Views: 2450 DrAzevedoEcon
Graph Builder in MindTap for Economics
 
03:17
Build real graphs with our Graph Builder tool in MindTap. View graphs, see how they are built, or build one yourself. Learn more in this quick video!
Views: 749 Cengage Learning
Sistem Moneter
 
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Sistem Moneter apa itu uang ????
Views: 3968 Danis Maulana
Economics • 2  (Chapters 2 and 3)
 
01:40:07
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
Perfect Competition Long Run - Market Structures
 
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Learn how to evaluate market structures to maximise marks in your AQA, OCR and Edexcel Exams. Evaluate Perfect Competition in the Long Run explaining characteristics of the market including Profit Maximisation in the Short run. This acts as a price signal and incentive for other firms to enter the market due to Low Barriers to Entry and Exit, shifting the market supply curve further to the right. Supernormal Profits are eventually diminished and turn into Normal Profits in the Long Run where both allocative and productive efficiency are produced.
Views: 178 Progress Us
2nd July 2018 - The Hindu News Paper Summary
 
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Welcome to Study Lamp. This is the summary of The Hindu Newspaper dated 2nd July 2018. You can download this PPT @ www.study-lamp.blogspot.com.
Views: 14 Study Lamp
How to Write the School Specific Essay: "Why do You Want to Attend OUR school?"
 
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"Why do you want to attend our school?" It's a tough question that many schools want prospective students to answer in college interviews and in college essays. In this video, we'll discuss how to answer this question in a college essay. "5 Basic Tips on How to Write Your Best College Essay" (Video) https://www.youtube.com/watch?v=LvYksNDK6bQ&t=55s (Mankiw: Principles of Economics Textbook) https://amzn.to/2MejgHB (5 Steps to a 5 AP Microeconomics Prep Book) https://amzn.to/2K6UjQH (BOSE Noise Cancelling Headphones - Great for Studying!) https://amzn.to/2LCnLKM (Texas Instruments TI-84 Graphing Calculator) https://amzn.to/2MbIJ4d (Collegeboard's Official SAT study guide) https://amzn.to/2LE4AjH (Dr. Chung's SAT II Math 2 Prep Book) https://amzn.to/2Jq2abW (At-A-Glance Daily Planner) https://amzn.to/2Hz7cgn (5 Steps to a 5 AP Macroeconomics textbook) https://amzn.to/2LEYorU DISCLAIMER: This description contains affiliate links, which means that if you click on one of the product links and a purchase is made, we’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
Views: 114 College Insiders
Economics - MindTap with ATP and Graph Builder
 
02:52
Cengage Learning Economics now offers more than ever before with MindTap’s Graph Builder and Adaptive Test Prep. These amazing resources for you and your students are available now and allow your students to see how graphs are built, draw their own graphs, get instructor help, and test their knowledge, all in one complete place!
Views: 1340 Cengage Learning

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