Okay this is the first time in my life i understand the envelope theorem together with comparative statics. Thank you so much and i hope you were my econ teacher.
Keep in mind that, in dL*/da, all the first factors of the products that constitute the summands are partial derivatives, or as Constantin Bürgi calls them, 'direct' derivatives -- normally denoted with a curly d instead of a d. en.wikipedia.org/wiki/Total_derivative
Really helpful video, thank you! PS I couldn't help but smile at the charming spelling of "obtain" :). To be fair, English is my first language & everyone I meet laughs at the problems I have with spelling - I try to explain that I'm better with numbers than I am with letters!
This was the best explanation of this theorem I have found. Thank you so much for your help!
Okay this is the first time in my life i understand the envelope theorem together with comparative statics. Thank you so much and i hope you were my econ teacher.
Hello from Brazil!! Thank you!
Simple and clear explanation. Thanks!
Great video! I have an upcoming econ/math exam and this really helped.
Keep in mind that, in dL*/da, all the first factors of the products that constitute the summands are partial derivatives, or as Constantin Bürgi calls them, 'direct' derivatives -- normally denoted with a curly d instead of a d. en.wikipedia.org/wiki/Total_derivative
Thank you! This was very clear!
Great explanation, thank you!
What a tremendous explanation
Greatly soporific video..
This bro is very smart upstair 👍
Really awesome explaining
Crystal clear!!!! Thank you!
Excellent video! thanks!!
Really helpful video, thank you!
PS I couldn't help but smile at the charming spelling of "obtain" :). To be fair, English is my first language & everyone I meet laughs at the problems I have with spelling - I try to explain that I'm better with numbers than I am with letters!
u are awesome explaining, thanks for that!
great work!
clean and clear
Thx a lot! Really helpful.
Thanks for this video
What is the * indicating ?
* indicates its the utility maximizing value given the constraint, or the point of tangency between the indifference curve and it's budget constraint.
@@____darrah____ , thank you Sir .
What does this star means?
The star means at the optimal value (i.e. you solve the first order conditions for x and get the optimal x).
Great thanks!
Excelent!
God Damn
Thx
good