Ben, Thank you tremendously for making these videos publicly available. You are advancing the pursuit of knowledge for so many! This resource will make my journey through intermediate micro much less nerve-wracking in the fall.
Great videos. My undergraduate studies cannot support me to understand academic publications. Your videos provide excellent learning materials for me to understand them.
I always thought that the negative sign on the slope of the MRS just meant that to get more of one good you had to sacrifice some quantity of the other. Amazing explanation
Thank you for this contribution to the pursuit of learning. You said that you follow the scheme in Varian's book as the core of slides. Alongside the fact that I really like the way Varian approached the piling of intermediate concepts in his gorgeous book, I wonder how you would personally evaluate the presentation style and high level of mathematics used in the intermediate book by Walter Nicholson and Christopher Snyder? In other words, would you advise referring to the books aforementioned concurrently while studying intermediate microeconomics, assuming mathematics is no problem? Yours sincerely from Azerbaijan!
Hey Ben, First of all, thank you for your enthusiasm about teaching us Economics, I appreciate that. I have one favor to ask. How can I access this course's slides? If you would upload it somewhere that would be great. I need to take some personal notes to those slides.
I've got a collection of exercise walk-throughs on my Intermediate Micro Economics Exercise (IMEX) List: ruclips.net/video/9_hfbPHCBiw/видео.html to complement the course lectures. I've got a few other walk-through examples videos such as this one for BC's: ruclips.net/video/N9f9AQgga6Q/видео.html
The most precise way to say it is that the budget line is the frontier of the budget set. The budget set encompasses all bundles that are affordable. The budget line refers to those bundles that are 'exactly' affordable. Those bundles closer to the origin, in the interior of the set are affordable but do not exhaust the budget.
@@BenZamzow thanks for your time If you see mankiw chapter 21 it clearly considers budget line as budget constraint whereas if you see hal Varian in chapter 2 it says budget set is budget constraint and in chapter 5 it says budget line is budget constraint What you have shared though are the interpretation of budget line and budget set If I were to add my opinion it would be to say that if we only are looking t affordability than its budget set and if affordability coupled with prefrence than its budget line Looking forward for your valuable feedback
@@vikaaswadhwa4058 Right, both Mankiw and Varian are great sources. Mankiw is the leading intro to micro text, though I prefer the new Stevenson & Wolfers series. Varian is the leading intermediate micro text, I would guess Mankiw's Macroeconomics is the leading intro to macro. "Budget Constraint" is going to be used quite a bit more sloppily. Quite literally for a two-good economy it would be p1x1 + p2x2 =< M, with the decision maker constrained to consume bundles within or exactly exhausting their budget. More typically we just focus on the budget line since this must be the location for any optimal bundles. Hence, we might use 'budget constraint' and 'budget line' interchangeably. Preferences aren't captured by the budget of course, but would typically require that more preferred bundles are on the budget line itself for standard preferences.
@@BenZamzow ya That's why I am suggesting that budget line should be considered as budget constraint when a consumer given his affordable bundles goes for the most preferred one which has to be on budget line ( chapter-5 of Varian is about optimal choice) but when a consumer is exploring different bundles which he can afford than his budget constraint is his budget set ( Chapter-2 of Varian is budget constraint) In mankiw though it explains both Concepts ( affordable and prefrence) together so budget line is considered as budget constraint by him. Thanks so very much for your valuable time and outlook Much appreciated
Ben,
Thank you tremendously for making these videos publicly available. You are advancing the pursuit of knowledge for so many! This resource will make my journey through intermediate micro much less nerve-wracking in the fall.
Great to hear!
@@BenZamzow
I am interested to contact you. Can I?
Thank you for making education affordable and accessible to all, Professor! Best wishes and regards from India.
Excellent information. Taking Intermediate Micro now, and it’s definitely challenging. Thank you.
Great to hear! Keep working hard, the investment now pays off for future study in Econ!
Hi Ben, I just want to say thank you so much for this upload!!! You're the reason I'll be passing micro-econ this semester
Great videos. My undergraduate studies cannot support me to understand academic publications. Your videos provide excellent learning materials for me to understand them.
God bless your soul, if I am passing IME this semester I am owning it to you.
great and enthusiastic delivery! watching these in preparation for next semester, thank you! :)
Hi Ben. Thank you so much for this incredible playlist of Varian's Intermediate MicroEcon textbook and making education affordable and accessible!
Gracias Ben! tus videos son buenísimos, menos mal aprendí ingles para poder ver este tipo de contenido de calidad, saludos desde Chile!
I always thought that the negative sign on the slope of the MRS just meant that to get more of one good you had to sacrifice some quantity of the other. Amazing explanation
hi from lazarski university
it was really helpful :)))
thank you for making these video available for everyone
You helped me a lot on this course, wish you could be my prof one day .🙏🙏🙏
Very Nice explain Sir... Best explanation ever I see on U tube... Very Important... Thank a lot Sir. 🙏🙏🙏
Thank you thank you there are many nice comments under this video that describe how much you helped
😊😊
I miss the rationing and the food stamp part. Rest is really nicely done. It is very helpful thank you.
Can you share the ppt, please. The questions that you have put in are very nice. :)
82=8s + 7o Budget Constraint?
Where is a good site to find practice problems for Intermediate Micro?
Thanks!!
Forks up!
Thank you so much for your content !! You teach 1000x better than my professor... if only my professors would teach half as well as you do!! :-)
Thank you for this contribution to the pursuit of learning. You said that you follow the scheme in Varian's book as the core of slides. Alongside the fact that I really like the way Varian approached the piling of intermediate concepts in his gorgeous book, I wonder how you would personally evaluate the presentation style and high level of mathematics used in the intermediate book by Walter Nicholson and Christopher Snyder? In other words, would you advise referring to the books aforementioned concurrently while studying intermediate microeconomics, assuming mathematics is no problem?
Yours sincerely from Azerbaijan!
Lectures are nice. Really appreciate the effort. Thank you so much!
Great to know these were helpful!
it's really very helpful sir................Thank You
LITERLLY SAVED MY LIFE
can you release your lecture notes or slides? Thanks!
Thanks a lot sir ... it helped me a lot in understanding .... seriously once again thanks .....
Thank u sm
Excellent explanation!!!!
Awesome, thanks!
Great lecture ben, it would really be great if i could access the slides notes to.
or the link to where i can get them.
16:33 ans: 8x + 7y = 82
Thank you for your clip, I dont have background in microeconomic but you can explain this topic clearly
You are great🙏🏼
Can we be looking forward to 300 level courses too??
Thank you sir ... appreciation from India🇮🇳
Awesome, great to hear!
amazing explanation... thank you so much sir
So glad to have helped!
Hey man you should teach in Allahabad University situated in India which was once known to be the Oxford of the East.
Thanks! I would love the opportunity to teach in India at some point in the future
I am from india. Completed my MSc in economics and still finds the video series better than the whole 5 years of courses i had for micro
want to make sure I understand the setup of the example at 19:00. Does it imply that 10 cookies cost $10, but 11 cookies cost $33?
THE GOAT
Hey Ben,
First of all, thank you for your enthusiasm about teaching us Economics, I appreciate that. I have one favor to ask. How can I access this course's slides?
If you would upload it somewhere that would be great. I need to take some personal notes to those slides.
Thank you soo much this is soo helpful sir ... Really love how you explain the topic ..
R u in economics
Hello sir I am an economics student struggling to understand microeconomics, it would really help me out if you can give a link for your powerpoint.
You are a saint
really grateful thank you so much
Thank you
Where can I find lec #0 and #1, sir?
Thank you so much
at 18 mins, would the new bundle be (4,2)? Or is (2,4) correct? Or was (5,0) supposed to be (0,5) when purchasing 5 coffee
Hi Andy: The error is it should be (0,5) as I've placed coffee on the vertical!
That exactly what I thought. Thank you though
Thank you! 🙏
God bless ya.. thank you for making these videos. Do you do excercises around these lectures?
I've got a collection of exercise walk-throughs on my Intermediate Micro Economics Exercise (IMEX) List: ruclips.net/video/9_hfbPHCBiw/видео.html to complement the course lectures. I've got a few other walk-through examples videos such as this one for BC's: ruclips.net/video/N9f9AQgga6Q/видео.html
@@BenZamzow thank you!!
Thanks!!
Can you send me your notes for intermediate micro
Do you have any video on Chapter 14 Consumer Surplus
Can you give link to lecture zero and one ?
I'm working on a math for Econ lecture series--usually I start Day 1 of Intermediate Micro with 'Lecture 2' though!
@@BenZamzow Meanwhile suggest some online resources for the same or may be a topic list
Regards
thanks a lot!
Thank you so much. I think your slides are very useful and could you give a link for your slides? Thx!
It's possible I'm able to do this in the future but don't have them ready to share just yet!
hey man do you go over revealed preferences?
I haven't got any videos yet but it's on my list of things to add
I'd love to learn about revealed preferences as well!
I love you
Exam #1 solution video: ruclips.net/video/nimNBngKGT8/видео.html
Would you consider budget line as budget constraint or budget set as budget constraint or both ?
The most precise way to say it is that the budget line is the frontier of the budget set. The budget set encompasses all bundles that are affordable. The budget line refers to those bundles that are 'exactly' affordable. Those bundles closer to the origin, in the interior of the set are affordable but do not exhaust the budget.
@@BenZamzow thanks for your time
If you see mankiw chapter 21 it clearly considers budget line as budget constraint whereas if you see hal Varian in chapter 2 it says budget set is budget constraint and in chapter 5 it says budget line is budget constraint
What you have shared though are the interpretation of budget line and budget set
If I were to add my opinion it would be to say that if we only are looking t affordability than its budget set and if affordability coupled with prefrence than its budget line
Looking forward for your valuable feedback
@@vikaaswadhwa4058 Right, both Mankiw and Varian are great sources. Mankiw is the leading intro to micro text, though I prefer the new Stevenson & Wolfers series. Varian is the leading intermediate micro text, I would guess Mankiw's Macroeconomics is the leading intro to macro. "Budget Constraint" is going to be used quite a bit more sloppily. Quite literally for a two-good economy it would be p1x1 + p2x2 =< M, with the decision maker constrained to consume bundles within or exactly exhausting their budget. More typically we just focus on the budget line since this must be the location for any optimal bundles. Hence, we might use 'budget constraint' and 'budget line' interchangeably. Preferences aren't captured by the budget of course, but would typically require that more preferred bundles are on the budget line itself for standard preferences.
@@BenZamzow ya
That's why I am suggesting that budget line should be considered as budget constraint when a consumer given his affordable bundles goes for the most preferred one which has to be on budget line ( chapter-5 of Varian is about optimal choice) but when a consumer is exploring different bundles which he can afford than his budget constraint is his budget set ( Chapter-2 of Varian is budget constraint)
In mankiw though it explains both
Concepts ( affordable and prefrence) together so budget line is considered as budget constraint by him.
Thanks so very much for your valuable time and outlook
Much appreciated
Dear Ben,
5s+7o=0
i think it should be 8s + 7o = 82
You are such a cutie Sir.