- Видео 293
- Просмотров 318 628
Econbusters
США
Добавлен 19 авг 2019
Hey everyone! Or perhaps I should say, "Hey you!" since you are one of the few (might I say special) people who found this channel. You see, "Econbusters" used to be a different channel. It was "Branded" channel associated with my Education account. However, in the dark of the night, or perhaps light of day, RUclips got rid of these (or at least impossible to log into). No big deal, you have found the new Econbusters channel. It is its infancy right now, but it will grow up.
Finally, what is the purpose of Econbusters? I'm glad you asked. It is to make 101 College Level economics accessible to all. It's goal is to bring understanding to the teaching of economics. Again, it focuses on the principles of economics (or foundational concepts) as taught by an entry level college course.
Anyhow, thanks for reading this. In time, I hope you find this site very helpful in your quest to understand the foundational concepts of economics.
Finally, what is the purpose of Econbusters? I'm glad you asked. It is to make 101 College Level economics accessible to all. It's goal is to bring understanding to the teaching of economics. Again, it focuses on the principles of economics (or foundational concepts) as taught by an entry level college course.
Anyhow, thanks for reading this. In time, I hope you find this site very helpful in your quest to understand the foundational concepts of economics.
The Minimum Efficiency Scale (and its Relationship to Natural Monopolies)
The minimum efficiency scale is the minimum the scale of production needs to be to minimize long-run average costs. This concept is very applicable to understanding natural monopolies. However it is also important for any firm to consider when deciding on their scale of production. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
Просмотров: 68
Видео
How the Fed Interprets Their "Dual" Mandate
Просмотров 11021 день назад
The Fed actually has three mandates: price level stability, maximum employment, and moderate long-term interest rates. However, the satisfaction of the first two mandates should fulfill the third, so, most people refer to the Fed's "dual" mandate: price level stability and maximum employment. There is a tension between these two mandates as the efforts to fulfill one of the mandates may result ...
Understanding Monetary Policy and Fed Actions (Soup to Nuts)
Просмотров 179Месяц назад
If you desire to understand monetary policy and Fed actions, this video is for you. The key is understanding how the Fed's current policy rate target relates to the neutral rate (an estimated rate). Everything you want to know, this video explains. Spending 15 minutes with this video is well worth your time. This video is made for 1st year college students or AP/IB Economics students. It focuse...
In Economics, It's about Cause and Effect: Don't Memorize
Просмотров 141Месяц назад
When students get to the open economy in their AP macro course, they often get tripped up on analyzing economic scenarios. The reason...they're "remembering" relationships instead of thinking through each problem. Confused?!? Watch the video. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
Why the Fed has an Inflation Target of 2%: Not Higher, Not Lower
Просмотров 190Месяц назад
This one is a bit long, but we were trying to make it fairly comprehensive. I hope you like it. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
Understanding What the Fed is Thinking - Monetary Policy Explained
Просмотров 4102 месяца назад
The Fed policy is more nuanced than the average classroom teaches. It is not either contractionary or expansionary; instead, it can be more restrictive or less restrictive OR more accommodative or less accommodative OR neutral. We need to think of the Fed as either having their foot on the brake pedal or the gas pedal and their foot can either be pressing down or letting up on that pedal. Confu...
How Interest Rates Impact Exchange Rates and Net Exports
Просмотров 2252 месяца назад
This video explains how interest rate changes impact a country's balance of payments, exchange rates, and net exports. In other words, it explores how interest rate changes impact global flows of financial capital. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
How Interest Rate Changes Play Out in the Open Economy
Просмотров 1222 месяца назад
Interest rate changes are very important for global financial capital flows. This video explores how interest rate changes play out in an open economy...i.e., how they affect exchange rates, a country's balance of payments, and next exports. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
A Welfare Analysis of A Firm with a Monopoly
Просмотров 2213 месяца назад
Monopoly power, also called market power, results in dead-weight loss. The power monopolist's have over price results in them producing less than the optimum quantity. This video shows students how to find the consumer surplus, producer surplus, and deadweight loss associated with monopoly power. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundat...
AVC, MC, and the Supply Curve: The Minimum Price Needed to Supply Goods
Просмотров 2313 месяца назад
A firms supply curve is the portion of the marginal cost curve that lies above the average variable cost curve. Therefore, the lowest point on the AVC curve (i.e., minimum AVC) represents the minimum price required to supply a good. The relationship between the price (i.e. the per-unit revenue) and the average variable costs (AVC) is of critical importance. A firm will not supply any of a good,...
The Importance of Prices: How They Coordinate Economic Activity
Просмотров 1603 месяца назад
In a market based economy, prices are the coordinating function. Prices dictate where are scarce resources are allocated. In other words, prices direct resources to the production of different goods and services. Economic students need to see the importance of prices. In a market based economy, prices replace the central planner in directing resources to the production of goods and services. An...
Changes in Supply & Demand vs Changes in Quantity Supplied & Quantity Demanded
Просмотров 3073 месяца назад
Students taking a first year college economics course will be told they most differentiate between changes in "supply" and changes in "quantity supplied" as well as changes in "demand" and changes in "quantity demanded". In this video, we will explain the distinction, and, more importantly, explain why it is so important that we differentiate between these terms. Hold your hat, as you are about...
The Minimum Wage: A Deep Dive
Просмотров 1794 месяца назад
Stay wedded to "the policy goal", but don't stay wedded to any specific policy. The minimum wage is a specific policy used to accomplish the policy goal of helping people earn a livable wage. The "goal" of increasing peoples income makes a lot of sense in a society with high levels of income inequality. However there are many different policies to accomplish this goal. The minimum wage is just ...
R-star and Restrictive Monetary Policy (In the Short-Run and Long-Run)
Просмотров 995 месяцев назад
How does restrictive monetary policy work? Why does the Fed eventually need to normalize when they are following restrictive monetary policy? This video answers these questions and much more. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
How Automatic Stabilizers Work (Fiscal Policy)
Просмотров 1105 месяцев назад
It is important to understand the difference between discretionary and non-discretionary fiscal policies. Non-discretionary fiscal policies provide countercyclical forces without policymakers needing to take action. These non-discretionary fiscal policies are known as automatic stabilizers (or built in stabilizers). Basically, automatic stabilizers are associated with how tax revenues and trans...
Accommodative Monetary Policy and r-start (Analyzing Fed Policy using the AS/AD Model)
Просмотров 605 месяцев назад
Accommodative Monetary Policy and r-start (Analyzing Fed Policy using the AS/AD Model)
How the Fed Uses r-star to Navigate the the Soft Landing (Monetary Policy and the AS/AD Model)
Просмотров 1205 месяцев назад
How the Fed Uses r-star to Navigate the the Soft Landing (Monetary Policy and the AS/AD Model)
Restrictive Monetary Policy and the Neutral Rate (Using the AS/AD Model)
Просмотров 1815 месяцев назад
Restrictive Monetary Policy and the Neutral Rate (Using the AS/AD Model)
How Markets (Prices) Coordinate Economics Activity (The Positives of Markets)
Просмотров 3069 месяцев назад
How Markets (Prices) Coordinate Economics Activity (The Positives of Markets)
Price Ceilings: Embracing the Complexities (Example: Rent Control)
Просмотров 2419 месяцев назад
Price Ceilings: Embracing the Complexities (Example: Rent Control)
Why GDP Is an Important Macroeconomic Measurement: A Defense of GDP
Просмотров 1159 месяцев назад
Why GDP Is an Important Macroeconomic Measurement: A Defense of GDP
Getting Market Actors to Internalize a Negative Externality
Просмотров 3399 месяцев назад
Getting Market Actors to Internalize a Negative Externality
Utility Maximization: The Optimal Consumption Bundle (Topic: Consumer Choice)
Просмотров 91410 месяцев назад
Utility Maximization: The Optimal Consumption Bundle (Topic: Consumer Choice)
How Interest Rates Affect All Asset Prices (or Why Fed Actions Impact the Stock Market)
Просмотров 36210 месяцев назад
How Interest Rates Affect All Asset Prices (or Why Fed Actions Impact the Stock Market)
Why the SRAS Curve is Upward Sloping (A Deep Dive)
Просмотров 72511 месяцев назад
Why the SRAS Curve is Upward Sloping (A Deep Dive)
The Phillips Curve: The Process of Disinflation
Просмотров 42611 месяцев назад
The Phillips Curve: The Process of Disinflation
Is the Phillips Curve A Policy Choice? (The Phillips Curve and the Expected Inflation Rate)
Просмотров 28711 месяцев назад
Is the Phillips Curve A Policy Choice? (The Phillips Curve and the Expected Inflation Rate)
An Introduction to the Phillips Curve: Covering the Basics (Part 1)
Просмотров 594Год назад
An Introduction to the Phillips Curve: Covering the Basics (Part 1)
Don't Fight the Fed...Unless You Are the US Government (includes a review of 20+ years of data)
Просмотров 838Год назад
Don't Fight the Fed...Unless You Are the US Government (includes a review of 20 years of data)
An Introduction to Bonds: For Economic Students
Просмотров 441Год назад
An Introduction to Bonds: For Economic Students
in what world does the marginal cost increases with producing more goods? So to produce 1 widget the cost is $1. But to increase the order from 1 to 2 units it cost $2 to produce the 2nd unit? That makes zero sense. The marginal cost should be the same to produce 1 unit or 2 units. If anything the cost should go down. Haven't you ever heard of a volume discount?
Fabulous
Guy.. This is wonderful..
Wow.. Can see why governments do what they do..
Wonderful
Very helpful
Why is the per unit tax is between the Pc and Pp? thanks
Why is the long run aggregate supply carve is vertically sloped
Thank you very much for the lecture. I found it extremely helpful compared to what I’ve read in books. Most of what I’ve read in books is difficult to understand, and they often don’t clearly explain the reasons or the essence of these concepts. Thanks to your lecture, I’ve gained a much deeper understanding. Once again, thank you so much for your lecture and the effort you put into it.
So, the Fed became the Bank of England with its bank rate
I miss the simplicity of the old system
Understood.
Great vid
What is ad?
Very detailed explanation. Thanks
Machaxx teaching frl.
nice work!
hi, i checked your YT and saw only few uploads. why stop when you can explain well?
Thank you 🙏🏻🙏🏻🙏🏻
i clicked the like button because I liked it and I liked it because it was quite likable.
Hi , I’m bit confused on the concept explained at 3:30. “Increase demand in loanable fund increase price , ie interest rate” But wouldn’t this depend on how the govt finance the deficit? If they decide to borrow from the FED (printing), it would essentially decrease rate since more money supply in the system. The same goes if the country is borrowing overseas by selling domestic currency against foreign currency. Could you pls elaborate your rationale?
verry good explained thank you
Sir you just saved my exam ❤❤thank you
Good explanation but: SLOW DOWN. I've made this mistake before, too, in making RUclips videos. Modern audiences don't have the attention span of a gnat, as is commonly believed. If what you're saying is interesting to them, clear, well-explained, and doesn't have too much fluff, then they'll sit there and listen to you for however long it takes.
disagree - i enjoy his teaching style. it's packed with great info
thanks man it really helped me
Perfect explanation
Thank you so much
U are the best economic teacher
Awesome Sir...
sanest microeconomics expert
Good stuff, thank you mr!
you're a legend thank you :)
This was extremely helpful. You explained it in a way I can easily understand. Thank you
Is the Australian dollar unofficially pegged plus or minus $3 with the USD Because Americans have been printing trillions of dollars without it affecting our exchange rate? Seems strage
I have questions. When GDP increase money demand shifts to the right (money supply is constant ), nominal interest rate increase and consumption and investment decrease. What hapens after that ? Is aggregate demand only shifts to the left and decrease GDP or it shifts to the left in the short run AS/AD model and decrease price level and quantity GDP ? When money supply shifts to the right ( money demand is constant ), nominal interest rate decrease and consumption and investment increase. What happens after that ? Is aggregate demand only shifts to the righ and increase GDP or it shifts to the right in the short run AS/AD model and increase price level and quantity GDP ?
My savior!
You’re a fucking genius.
Thank you!
love from Viet Nam
Doesnt increased capital inflows to US reduce real interest rates which would decrease demand for $ in Forex market as the market equalized having an opposite effect on net exports??
Great effort and great job. Many thanks.
Dude you made my day just watching and actually learn something
First comment
Thank you so much
Thankyou so much for this video
Loved this video it really helped in my macro class. Thank you!
Hi
O my God
Very helpful!