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Wyvern66 Economics
Приєднався 1 кві 2011
Short videos from my Principles courses in Microeconomics and Macroeconomics.
Short videos on a few basic Finance topics and some Managerial Economics topics.
The occasional clip from Management.
Short videos on a few basic Finance topics and some Managerial Economics topics.
The occasional clip from Management.
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
Переглядів 2076 років тому
Review of basic TVM calculations, to include the 'Retirement' problem.
ECP 3There's Only 3 Grades
Переглядів 3446 років тому
Satisficing, the use of Discretionary Effort, and the only 3 grades that matter.
Micro August 28, 2017
Переглядів 7176 років тому
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
Переглядів 4517 років тому
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
Переглядів 7217 років тому
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
Переглядів 3 тис.7 років тому
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.
The Circular Flow and the Multiplier Effect
Переглядів 3,3 тис.8 років тому
The Circular Flow and the Multiplier Effect
Thank you!
Nights before my exams 🫡🤍
free market is liberal idea not conservative
A Things Brought Things Ruppess 60 Six Pen Give Taxe ofOne Pen is Only Six Ruppess.
Thank you for the videos... I am learning more here than I did in college.
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.
guys he died it's so sad he was my favorite youtuber 😢😢😢 :(((( he helped me get through some tough times
He had the best economics videos on the platform 😢
rest in peace sensei 🙏
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....
2024 and this video is still very helpfull, thanks sir !
Great explanation
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?
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
Thank you!
Great lectures! I wish I had found your channel earlier in the semester. Thank you!
Thank you so much sir 🙏
Loved this! So helpful and inspiring - thank you
Is that a 37th Armor crest? I was stationed in Vilsek, Germany in the early 1990s.
Thanks.
a level exam tomorrow, thanks lol
Too many parasite takers and too few producing makers is never long term sustainable.
Qd= 250-5p
I now have hope that I can actually learn this stuff. Thank you!!
thx for this still helping students in 2023
I spent all day trying to get this and look at your video and get it. Thank you so much
Great
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.
People should use this now to understand how screwed the world economy is lol.
Amazing
Sir,could you please send the link of Part 1 and 2
Excellent explanation!
1/3 of house is up for re-election at a time not the whole house.
heheh very interesting class. very practical too
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
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? 😅
11:35 bro just invented the “yes” meme
why is the point the maximum if you had to use demand for money and real cash balance in your explanation?
Geweldig
Outstanding explanation 👏🏿 👏🏿 👏🏿
hey guys he died rip much respect
😔😔😔😔RIP beast
@@bobswitz3146 IKR so sad he was rlly smart
@@coolio977 im on mobile rn, yes he was rlly smart and cool. i wish i had this fella my teacher much prayers
@@bobswit5631 yes he was, i really miss him he reminded me of gandolf
@@coolio977 OMGG!!!! ikr!?!?!1 like he was like the dumble dor of the economics class
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
It all makes sense. Their is no inflation in a liquidity trap.
Truth
Hope to see more vdos coming . May you have good health:) . Such good teaching talent .
Great lesson. Thanks to all the professors who impacted our lives and were able to teach while telling captivating stories
every micro econ prof/ teacher should explain it like this. Thank you
Is there a video after this one? Can’t seem to find the one on Reaganomics
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
what is the formula? as i couldnt get the answer for both
H A R I O M
This is current day