This guy is living legend. The only economist who dosen't goes on and on for like 30 minutes about some abstract example of how marginal utility can be measured with insufficient data. Not saying that's not relevant but c'mon! I'm trying to pass a test over here! Thank you man!
Really it dosent matter since the optimality conditions turn out to be the same (i.e MRS=p1/p2 could be derived regardless). Its a matter of preference
@@EconJohnTutor lol. don't feel pressured. I haven't taken intermediate micro. Just curious what it is about. I was expecting to see kkt and some game theory. But I guess those should be in covered in II or III. by the way, nice video.
This guy is living legend. The only economist who dosen't goes on and on for like 30 minutes about some abstract example of how marginal utility can be measured with insufficient data. Not saying that's not relevant but c'mon! I'm trying to pass a test over here!
Thank you man!
Thank you for the kind words! I recently uploaded intermediate microeconomics 2 in 5 minutes if thats the next course you plan on taking :)
THIS, is the one you need. Saved me so much time when reviewing concepts.
Im glad this video helped!
Why am I learning more from this than my actual econ classes
Thank you so much for the kind words! be sure to let your classmates know about this video!
Same here.
Awesome 👍. Short and sweet and is a nice refresher!
Great video, very accurate. I find Intermediate Micro to be one of the harder courses for economics majors.
More difficult than advanced micro?!
im taking intermediate micro, econometrics, and comparitive economic systems at the same time, totally dont wanna off myself 😃
pretty good, covers the first main section of intermediate micro well, but needs some graphs
Thanks for the feedback! If you have any other topics you'd like to see me cover let me know :)
this is a great intro! just helped me start this little assignment
HOW DO I PASS THIS COURSE ?!! If my theory is decent but my math is terrible, do you have any suggestions of what I can do?
Great piece
Literally the whole semester in 5 minutes
Lol
Could you do a 30 minute video on financial economics ?
I'll work on it!
Thank you my guy
thanks!
Holy f*** @@
love it
Thank you!
For the legrangian equations, when do you use plus before the term with the multiplier and when do you use minus
Really it dosent matter since the optimality conditions turn out to be the same (i.e MRS=p1/p2 could be derived regardless). Its a matter of preference
@@EconJohnTutor thank you!!
so basically, intermediate micro is an application of Lagrangian multiplier method to introductory micro. I hope advanced micro has more to offer.
To be fair this is intermediate microeconomics I. but yes thats a pretty accurate description for most of consumer theory.
@@EconJohnTutor thanks. where is intermediate micro II in 5 mins?
@@lazywarrior I could do that...
@@EconJohnTutor lol. don't feel pressured. I haven't taken intermediate micro. Just curious what it is about. I was expecting to see kkt and some game theory. But I guess those should be in covered in II or III. by the way, nice video.
@@lazywarrior Intermediate Micro II is up :)
what a god
Good Attempt! but its more of Introductory Microeconomics.
Yeah, I didn't speak at all about oligopoly. If I did that this video would be much longer. Thanks for the feedback!
(1) Why always 'legrange'?? His name is "lagrange" ?? I've never seen anyone say legrange...
(2) Now do Intermediate Macro in 5 mins ;)