I have offended more than one person with that statement! Do please remember that it is a simplified model, and that you can broaden the scope of "consuming" to non-material items, like going for a walk (which I like, but definitely has diminishing returns), or more advanced models include "savings" as a category from which people derive utility.
There is a difference between happiness and pleasure. You are talking about pleasure not happiness. You cannot get happiness from material things, only pleasure.
I am shocked to listen to the lecturer saying that people will be happy from consuming things, hence happier the more we consume... It's hard to accept this assumption... It doesn't make sense to me
This channel deserves more recognition. Amazing teacher!
These videos are immensely helpful. My textbook is annoyingly vague and gives irrelevant examples. Thank you so much!
Tried it myself... finished the whole pack! :D
This was sooo helpful. I can not make heads or tails of my textbook, but this clip sorted it all. Thank you!
Marginal utility doesn't work with cannabis!
Great video. It also helped me to realize profit maximization rule!!
Wow, Jim hits five cookies and is sick? He must be new to the cookie industry. XD great video though, very educational!
I officially recognise you as my econs teacher because the one I have...just... :/
Just right off the bat Buddhism is denounced.
I have offended more than one person with that statement! Do please remember that it is a simplified model, and that you can broaden the scope of "consuming" to non-material items, like going for a walk (which I like, but definitely has diminishing returns), or more advanced models include "savings" as a category from which people derive utility.
Thanks, I finally understand microeconomics.
Yes I have tested the cannabis theory and that is true
u r the best of the best!!! thanks to you, i did fantastic job on my first exam:D
Desiring is suffering.
Excellent,very helpful,can you please share link for Video link no 15?
Its was veryyy good... nice way 2 learn economics!!
I had to fix the audio on this one and on Episode 18 before I assign them to my students this week.
You should get a job teaching economics. You are clearly very good at explaining it.
simply superb!!
i did heroine for the first time and the marginal utility does not seem to be decreasing.
Dang it!!! Now I want some cookies!!!
Good one
Yeah, like what if what makes someone happy is producing? Then is producing also considered consumption in this case?
There is a difference between happiness and pleasure. You are talking about pleasure not happiness. You cannot get happiness from material things, only pleasure.
This helps me alot😊😊😊😊
If I may ask, what textbook do you use for your Economics class?
What was the publishing date?
Nice I understand
did you just challenge me to eat 5 cookies?
btw mary, why r u uploading ur old vids again ? :S
yeah but how do you get TU? you dont show that
Raisin cookies to me: automatically -10 marginal utility from 1st cookie
elasticity with respect to supply ?
Jim eats cookie number 6, he is now morbidly obese.
Guess who is getting beat up by parents tonight 😂
Economics premises are so bias. It doesn't makes us happy consuming things. Missing just makes things completely different.
I think so :D
glycemic index !!!
"How do people make themselves happy? by consuming things"
I could go on all day about how wrong this wording is, esp. when teaching kids.
wtf frank
I am shocked to listen to the lecturer saying that people will be happy from consuming things, hence happier the more we consume...
It's hard to accept this assumption... It doesn't make sense to me