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Econbusters
United States
เข้าร่วมเมื่อ 19 ส.ค. 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, TH-cam 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.
Marginal Analysis: The Optimal Consumption
The Maximum Utility Rule provides us with the Optimal Consumption Bundle.
The Maximum Utility Rule is an application of Marginal Analysis. Watch this video to get a firm understanding of all three.
This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
The Maximum Utility Rule is an application of Marginal Analysis. Watch this video to get a firm understanding of all three.
This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
มุมมอง: 98
วีดีโอ
Introduction to the Factor Market: Changes in Factor Demand and Factor Supply
มุมมอง 76หลายเดือนก่อน
Factor markets, like other markets, bring together supply and demand. However, factor markets differ from product markets in terms of who does the demanding and who does the supplying. In product markets, households typically demand products while businesses supply them. Conversely, in factor markets, households supply the factors of production, and businesses demand them. This distinction exis...
Monopolies and Perfect Price Discrimination
มุมมอง 137หลายเดือนก่อน
This video introduces the concept of price discrimination, focusing specifically on perfect price discrimination (otherwise known as first degree price discrimination). As a foundational topic, it highlights the connection between market power and pricing power: only firms with market power can engage in price discrimination. Therefore, the idea of pricing power is only relevant to market struc...
Monopolies and Price Ceilings: Regulating Excessive Pricing Power
มุมมอง 77หลายเดือนก่อน
Market power is essentially pricing power. When a firm wields excessive pricing power, price ceilings can sometimes be a legitimate policy response-an idea supported by classical economic models. At Econbusters, we generally oppose price controls, especially in markets that are sufficiently competitive. However, in cases where a firm has true monopoly power (and thus significant pricing power),...
Levying Per-Unit Taxes on Monopolies
มุมมอง 63หลายเดือนก่อน
Because of the market power (and therefore pricing power) monopolies have society often desire to regulate them. One way to regulate a firm with monopoly power is to invoke a per-unit. In practice, you hardly ever see this done. This video will explain the reason. 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 Monopoly Power: Showing the DWL
มุมมอง 60หลายเดือนก่อน
Market power is a market failure. This does not mean we shouldn't allow market power, but we should be aware of its impacts on output. Market power does create DWL. Also, market power redistributes consumer surplus to the producer. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
Graphing a Monopoly (Monopolistically Competitive) Firm Making Losses
มุมมอง 65หลายเดือนก่อน
A Firm with Market Power Making Losses To model a monopoly firm making losses you need all 5 of the Big 5 curves: MR, MC, Demand, ATC, and AVC. MR and MC curves are needed to find OUTPUT OUTPUT and the Demand curve are needed to find the monopolist's PRICE ATC, PRICE, and OUTPUT are needed to find the LOSS. AVC is needed to find out whether a firm, which is making losses, should shut-down or op...
Graphing a Monopoly (or Monopolistically Competitive) Firm Making Profits
มุมมอง 69หลายเดือนก่อน
This video is about a firm shows how to show graphically a firm with market power making profits. Student's need the big 4 curves to do this analysis: MR, MC, Demand, ATC MR and MC curves are needed to find OUTPUT OUTPUT and the Demand curve are needed to find the monopolist's PRICE ATC, PRICE, and OUTPUT are needed to find PROFIT. This video is made for 1st year college students or AP/IB Econo...
The Minimum Efficiency Scale (and its Relationship to Natural Monopolies)
มุมมอง 972 หลายเดือนก่อน
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 ...
How the Fed Interprets Their "Dual" Mandate
มุมมอง 1522 หลายเดือนก่อน
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)
มุมมอง 2293 หลายเดือนก่อน
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
มุมมอง 2103 หลายเดือนก่อน
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
มุมมอง 2423 หลายเดือนก่อน
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
มุมมอง 4644 หลายเดือนก่อน
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
มุมมอง 5394 หลายเดือนก่อน
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
มุมมอง 3214 หลายเดือนก่อน
How Interest Rate Changes Play Out in the Open Economy
A Welfare Analysis of A Firm with a Monopoly
มุมมอง 3694 หลายเดือนก่อน
A Welfare Analysis of A Firm with a Monopoly
AVC, MC, and the Supply Curve: The Minimum Price Needed to Supply Goods
มุมมอง 3244 หลายเดือนก่อน
AVC, MC, and the Supply Curve: The Minimum Price Needed to Supply Goods
The Importance of Prices: How They Coordinate Economic Activity
มุมมอง 2235 หลายเดือนก่อน
The Importance of Prices: How They Coordinate Economic Activity
Changes in Supply & Demand vs Changes in Quantity Supplied & Quantity Demanded
มุมมอง 4005 หลายเดือนก่อน
Changes in Supply & Demand vs Changes in Quantity Supplied & Quantity Demanded
R-star and Restrictive Monetary Policy (In the Short-Run and Long-Run)
มุมมอง 1416 หลายเดือนก่อน
R-star and Restrictive Monetary Policy (In the Short-Run and Long-Run)
How Automatic Stabilizers Work (Fiscal Policy)
มุมมอง 1316 หลายเดือนก่อน
How Automatic Stabilizers Work (Fiscal Policy)
Accommodative Monetary Policy and r-start (Analyzing Fed Policy using the AS/AD Model)
มุมมอง 807 หลายเดือนก่อน
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)
มุมมอง 1497 หลายเดือนก่อน
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)
มุมมอง 2297 หลายเดือนก่อน
Restrictive Monetary Policy and the Neutral Rate (Using the AS/AD Model)
How Markets (Prices) Coordinate Economics Activity (The Positives of Markets)
มุมมอง 31911 หลายเดือนก่อน
How Markets (Prices) Coordinate Economics Activity (The Positives of Markets)
Price Ceilings: Embracing the Complexities (Example: Rent Control)
มุมมอง 26111 หลายเดือนก่อน
Price Ceilings: Embracing the Complexities (Example: Rent Control)
Why GDP Is an Important Macroeconomic Measurement: A Defense of GDP
มุมมอง 11911 หลายเดือนก่อน
Why GDP Is an Important Macroeconomic Measurement: A Defense of GDP
Getting Market Actors to Internalize a Negative Externality
มุมมอง 38611 หลายเดือนก่อน
Getting Market Actors to Internalize a Negative Externality
top tier vid thxx
Mc is u shaped?
Good work.
There seems to be an assumption that greater AD automatically brings a higher price level. Is that necessarily true?
Great explanation and to the point.
Goat
sexy explanation 😅😅🎉🎉🎉
absolutely superb, thank you
Yr explanation is unbelievable. Please keep uploading more
If I have the option of giving more than 1 thumbs up, oh gosh I will end up at 100.
After watching tens of your videos, now I can see the post credit scene 🤣🤣
Lesson learnt: Real life is messy
YOU ARE AWESOME MAN
Incredibly well explained!
Hey teacher, thank you for spreading great knowledge in the internet. That's the first time I understood the theory of the firm. I appreciate and keep doing this great work!
Exemplary work. Thank you for the explanations
Very good teaching
Damn this video is great, thank you!
New sub here sir
OMG! This is Epic! Wished I knew about opportunity cost before I lost money in a business
thank you sir once again.
Yours videos describe the philosophy of economics 👍
You are indeed an excellent teacher. Have you written a book on the subject? If not, is there a text-book you recommend?
🤣🤣🤣
Fantastic 😀
INCREDIBLE VIDEO!!!!
This is the best video from econbusters I've seen
Excellent video. How would the federal funds supply and demand diagram behave when the arbitrage happens?
In the long run, Zimbabwe will reach full employment, we just have to give enough time. How many centuries?
You make things so much simple and clear❤
Hi, I like your video. Can you also talk about the tax multiplier of "income tax rate"? Thanks.
Splendid..
Your videos are amazing
Great video and really well paced!
can you make a video of Poverty and inequality for unit 4 IAL economics may 2025
nice video it will help me on may 2025 ial unit 3 and 4 Economics .
This is intuitively crazy
well explained
Direct, unscripted and consice explanation. Thank u 👌
Hi sir, just found your channel as I was studying nominal/real exchange rates for my money and banking exam. You are an amazing teacher, and I'm surprised that your channel doesn't have a larger following. All the best!
I have a question I hope one of you economics fans can answer: do these non-bank financial institutions carry out Over Night RRP via an intermediary commercial bank, seeing as they are not allowed to own federal reserves?
This is really a great presentation. TH-cam has many related videos that can be extremely difficult to understand, not well organized, and even boring. Thank you for these clear explanations of a subject that remains largely a mystery to the public!
Superb 👍
🤣 Purchaser payer segment really cut close to me.
Hi, great video! I have an important question and I hope u are able to answer fast, because my exam is coming up. If the economic benefit of all firms is zero, is the producer surplus also zero in the long run? And what about the consumer surplus?
Never mind, got a 1.0
Cool
Quite clear! I love it a lot!❤❤❤
Priceless videos
👍
Finally, someone explaining why I can't use y=mx +c in my brain