Wyvern66 Economics
Wyvern66 Economics
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Evolving Societies and The Basic Economic Question(s).mp4
Putting an historical background to the study of economics - how every society, even every individual has to answer the fundamental questions associated with the central issue of economics: "What are you going to do with what you've got?"
Переглядів: 3 038

Відео

Blooms Taxonomy in College Level Study
Переглядів 3,8 тис.4 роки тому
Explaining the expectations and work level required for college-level study using Bloom's six levels of learning outcomes/objectives to illustrate depth of knowledge and comparing the same course at the high school level and at the college level. A helpful perspective for college freshmen and sophomores.
Micro February 27, 2019
Переглядів 6095 років тому
Review of perfect competition; video camera terminated at 17 minutes.
The Natural Rate of Unemployment
Переглядів 3,7 тис.6 років тому
Transitional (frictional) and structural unemployment - which will always be some part of the unemployment picture, together called the 'natural rate' of unemployment.
ECP TVM Review
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Review of basic TVM calculations, to include the 'Retirement' problem.
ECP 3There's Only 3 Grades
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Satisficing, the use of Discretionary Effort, and the only 3 grades that matter.
Micro August 28, 2017
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Course administrative matters; email. Introducing supply & demand and reference to assignments (Appendix A especially) and other class materials to support this. The classroom is to solve problems; the videos, text, readings, etc. are for you to study outside of class.
The Principle of Exchange
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The importance of exchange in all human interactions; how application of this principle increases personal and societal well-being. On a personal level, exchange in the classroom and in relationships; the Five Love Languages cited to illustrate different 'media' of exchange.
Macro February 22, 2017
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Injections and leakages in the circular flow. Savings as leakages from the circular flow. Savings/leakages increase when interest rates increase (more incentive to save); borrowing (called ‘Investment’ by businesses) increases when interest rates decrease (more expensive to borrow). In the Classical model, leakages will always equal injections because interest rates will be flexible and will ad...
Micro February 8, 2017
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Monopoly defined and contrasted with ‘Monopsony.’ Discussion on ‘single payer’ national health care versus using insurance companies. The four factors affecting the relative price elasticity of demand for a good or service. Income elasticity - calculations, importance of the sign of the coefficient; normal and inferior goods. Cross price elasticities - substitutes and complements, calculations,...
Macro January 18, 2017
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Working outside of the PPC - Rosie the Riveter and WWII in 1943. Externalities - defined, examples. How this is a complication to the argument for ‘free markets’ and ‘capitalism.’ Defining capitalism. A 2-sector circular flow to explain capitalism. How we put constraints on ‘free markets’ (drugs, prostitution, …) when their behaviors conflict with social norms and mores. Externalities as ‘secon...
The People in Your Life
Переглядів 6727 років тому
The two major influences in your life - what you focus on and the people you spend time with. These elements are under your control. Choosing your circle of friends is an economic decision, not just a social one. Every relationship involves exchange - what keeps a relationship strong? This principle can teach us. The ‘languages’ of exchange.
The CHOICES Paper
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Describes the initial writing assignment in all my economics courses - a 5-8 page paper about you and your choices for the future. Five sections (Values, Vision, Goals, Plan, Extra-curricular Activities) with examples. Often papers are much longer as students really get involved in thinking about their future. With particular thanks to John Spence (johnspence.com) who was so influential in the ...
The paradox of macroeconomics
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Also known as the 'fallacy of composition', we discuss how sometimes what is good for an individual may not be so beneficial to society or the economy when applied to everyone at the same time.
Markets #2 Supply
Переглядів 3987 років тому
PowerPoint Format. Construction of the supply curve. Forces that shift supply.
Markets #1 Demand
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Markets #1 Demand
Things we Ought to Watch
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Things we Ought to Watch
The Circular Flow PPT#2 - Macro)
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The Circular Flow PPT#2 - Macro)
What We Measure
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What We Measure
What Makes the Economy Run
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What Makes the Economy Run
What is Economics
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What is Economics
Macro September 28, 2016
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Macro September 28, 2016
Micro September 19, 2016
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Micro September 19, 2016
Requiring a Balanced Federal Budget
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Requiring a Balanced Federal Budget
The Fisher Equation
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The Fisher Equation
Stagflation and the Volcker FED
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Stagflation and the Volcker FED
Fiscal Policy Calculations
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Fiscal Policy Calculations
The Sharp Break Keynesian AS Curve
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The Sharp Break Keynesian AS Curve
The Circular Flow and the Multiplier Effect
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The Circular Flow and the Multiplier Effect
Macro September 17. 2015
Переглядів 6378 років тому
Macro September 17. 2015

КОМЕНТАРІ

  • @GDPWorking
    @GDPWorking 2 місяці тому

    Thank you!

  • @realmufwaya8185
    @realmufwaya8185 2 місяці тому

    Nights before my exams 🫡🤍

  • @link8689
    @link8689 3 місяці тому

    free market is liberal idea not conservative

  • @raisaalex7363
    @raisaalex7363 3 місяці тому

    A Things Brought Things Ruppess 60 Six Pen Give Taxe ofOne Pen is Only Six Ruppess.

  • @jeremylongstreet7613
    @jeremylongstreet7613 3 місяці тому

    Thank you for the videos... I am learning more here than I did in college.

  • @jeremylongstreet7613
    @jeremylongstreet7613 3 місяці тому

    I had read some where that the FED adopted from a recommendation of a hedge fund back in 2018 that in the next downturn they were going to do massive Treasury bond repurchasing. 2020 came and oh boy did they ever. So why did the FED adopt that if it doesn't work? Did it prevent things from going to hell? It certainly caused hyperinflation. And in 2024 we are still paying for their decision in a big way... maybe universal price fixing algorithms did not take into account supply/demand curves and just kept raising prices... look at rent, look at realpage's involvement in rent price setting.

  • @coolio977
    @coolio977 5 місяців тому

    guys he died it's so sad he was my favorite youtuber 😢😢😢 :(((( he helped me get through some tough times

    • @eltonhuang7155
      @eltonhuang7155 5 місяців тому

      He had the best economics videos on the platform 😢

    • @portal_2398
      @portal_2398 5 місяців тому

      rest in peace sensei 🙏

  • @user-vo7rx5it4c
    @user-vo7rx5it4c 5 місяців тому

    How can income disparity be equated to unfairness? How can you know that this disparity is not fair? Should all people acquire the same amount of wealth irrespective of their contribution to society? And who is to say that this disparity is not the result of unequal effort exerted towards providing to society? Also, basing inequity on the fact that people can have connections with politicians is in stark contrast with a free market economy, since politicians do not have any real power there. Fairness is also subjective to a degree and if you are to accuse capitalism of unfairness, you should first take a look at how "unfair" governments are....

  • @elhadjabdeljelil7408
    @elhadjabdeljelil7408 5 місяців тому

    2024 and this video is still very helpfull, thanks sir !

  • @user-vc8iz2qe9n
    @user-vc8iz2qe9n 7 місяців тому

    Great explanation

  • @andy_182
    @andy_182 7 місяців тому

    why did he put the seller portion in oragne above the 5.60 if the price never reached 6$? wouldnt it make more sense to put the sellers tax obligation below to display the cutting into profit?

    • @josephd6480
      @josephd6480 5 місяців тому

      It really just depends on how you want to look at it, either one works if you are trying to calculate which direction It goes. I would put the seller below for continuity sake, but it really doesn't matter as long as you mark the graph properly

  • @kriss_s89
    @kriss_s89 8 місяців тому

    Thank you!

  • @kriss_s89
    @kriss_s89 8 місяців тому

    Great lectures! I wish I had found your channel earlier in the semester. Thank you!

  • @shibanathmandal7388
    @shibanathmandal7388 9 місяців тому

    Thank you so much sir 🙏

  • @user-ei1wb1ph4l
    @user-ei1wb1ph4l 10 місяців тому

    Loved this! So helpful and inspiring - thank you

  • @usa91b
    @usa91b Рік тому

    Is that a 37th Armor crest? I was stationed in Vilsek, Germany in the early 1990s.

  • @nachoarrausi
    @nachoarrausi Рік тому

    Thanks.

  • @randevsthirdeye
    @randevsthirdeye Рік тому

    a level exam tomorrow, thanks lol

  • @thecollectoronthecorner7061

    Too many parasite takers and too few producing makers is never long term sustainable.

  • @timvanandel237
    @timvanandel237 Рік тому

    Qd= 250-5p

  • @angiepowers4188
    @angiepowers4188 Рік тому

    I now have hope that I can actually learn this stuff. Thank you!!

  • @opty1015
    @opty1015 Рік тому

    thx for this still helping students in 2023

  • @messybonds3811
    @messybonds3811 Рік тому

    I spent all day trying to get this and look at your video and get it. Thank you so much

  • @study2you148
    @study2you148 Рік тому

    Great

  • @braydonbryan6901
    @braydonbryan6901 Рік тому

    Friedman made a few points that ultimately make me believe that oil wasn’t the cause of 70’s stagflation. OPEC certainly caused an international problem with its monopoly on something like petroleum- however the supposed “cost-push” inflation was not at all felt proportionately amongst the nations affected. Countries like Japan and Germany, countries that relied on imports of oil and other natural materials had rates of inflation lesser than that of the United States- a country rich in natural resources in its own right. Countries such as Germany and Japan didn’t see identical rates of inflation either. Why would this world wide phenomenon hit countries in such vastly different manners? Also another common misconception, minimum wage doesn’t increase inflation, it simply increases unemployment - minimum wage is arbitrarily set by a governing body - that may incentivize a company to justify a price increase of their products, but it certainly doesn’t guarantee that their profit margin will adjust with the price increase- especially in a market that is now unable to employ the same amount of people as it had before Given minimum wage increase determinations are ultimately arbitrary, a rise in cost in product would also be done under false pretenses if done for the reason of a minimum wage increase, if prices were already at an optimal level, it would not be optimal to increase them due to a bump in the minimum wage.

  • @NightDawnDusk
    @NightDawnDusk Рік тому

    People should use this now to understand how screwed the world economy is lol.

  • @mohammedmudassirshaikh557

    Amazing

  • @kiranbhalshankar765
    @kiranbhalshankar765 Рік тому

    Sir,could you please send the link of Part 1 and 2

  • @puritygirl3527
    @puritygirl3527 Рік тому

    Excellent explanation!

  • @horizon1o1
    @horizon1o1 Рік тому

    1/3 of house is up for re-election at a time not the whole house.

  • @samgathenge8763
    @samgathenge8763 Рік тому

    heheh very interesting class. very practical too

  • @toddf3767
    @toddf3767 Рік тому

    Are we heading into the realm of Stagflation 2.0? I came here to learn about Volcker, but noticed way too many parallels with what's going on today

  • @DesmondMiles333
    @DesmondMiles333 Рік тому

    But wasnt UK govt under Liz Truss doing the same. Increasing supply side by reducing taxes. So why wasn't she successful? Is it because we need Paul Volcker BOE first and then work on supply side? 😅

  • @Ridz149
    @Ridz149 Рік тому

    11:35 bro just invented the “yes” meme

  • @biveofhalo
    @biveofhalo Рік тому

    why is the point the maximum if you had to use demand for money and real cash balance in your explanation?

  • @alexlucassen8489
    @alexlucassen8489 Рік тому

    Geweldig

  • @thisisyoutubetv3235
    @thisisyoutubetv3235 Рік тому

    Outstanding explanation 👏🏿 👏🏿 👏🏿

  • @coolio977
    @coolio977 Рік тому

    hey guys he died rip much respect

    • @bobswitz3146
      @bobswitz3146 Рік тому

      😔😔😔😔RIP beast

    • @coolio977
      @coolio977 Рік тому

      @@bobswitz3146 IKR so sad he was rlly smart

    • @bobswit5631
      @bobswit5631 Рік тому

      @@coolio977 im on mobile rn, yes he was rlly smart and cool. i wish i had this fella my teacher much prayers

    • @coolio977
      @coolio977 Рік тому

      @@bobswit5631 yes he was, i really miss him he reminded me of gandolf

    • @bobswit5631
      @bobswit5631 Рік тому

      @@coolio977 OMGG!!!! ikr!?!?!1 like he was like the dumble dor of the economics class

  • @edlee1973
    @edlee1973 Рік тому

    hello professor. i'm so pleased with your lecture on paul volker w/fed. it's 10yrs ago clip. idk if you will see my note or not. i'd like to ask you if the same scenario like Volker time will happen again in near our future. i mean there is war going on in russia and higher chance to see war happening in twain and china, iran and saudi. economic recession is coming up. labor wage is going up. the midterm election is done. the president election will come to soon between baiden and trumph(?) just like cater and ragan. your lecture is so identical now. i'd like to hear your opinion sir. thank you

  • @kurtleimkuehler
    @kurtleimkuehler Рік тому

    It all makes sense. Their is no inflation in a liquidity trap.

  • @Itisme38
    @Itisme38 Рік тому

    Truth

  • @prachijha1380
    @prachijha1380 Рік тому

    Hope to see more vdos coming . May you have good health:) . Such good teaching talent .

  • @MarcusJGadson_CFA
    @MarcusJGadson_CFA Рік тому

    Great lesson. Thanks to all the professors who impacted our lives and were able to teach while telling captivating stories

  • @peterparrish7890
    @peterparrish7890 Рік тому

    every micro econ prof/ teacher should explain it like this. Thank you

  • @sanayshah825
    @sanayshah825 Рік тому

    Is there a video after this one? Can’t seem to find the one on Reaganomics

  • @hamoonkts7144
    @hamoonkts7144 Рік тому

    That’s how you create an economy based on paying debt with printing money that in turn creates monsters dictators likes of hitler. Romans, Greeks, Japanese, Germans and lots of Latin countries have been there. Ask Charlie Monger about Volcker and his prediction ua-cam.com/video/v5UCmsXpngA/v-deo.html

  • @Alvin8852
    @Alvin8852 2 роки тому

    what is the formula? as i couldnt get the answer for both

  • @Mrjod140
    @Mrjod140 2 роки тому

    H A R I O M

  • @KennethLeeAtLGA
    @KennethLeeAtLGA 2 роки тому

    This is current day