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Craig Webb
เข้าร่วมเมื่อ 17 พ.ค. 2013
Advanced Microeconomics: First Price Sealed Bid Auctions (Auction Theory 3)
Advanced Microeconomics: First Price Sealed Bid Auctions (Auction Theory 3)
มุมมอง: 3 914
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Microeconomic Theory 7: Elasticity and Tax Incidence.
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ECON10171 Principles of Microeconomic Theory 1.
Microeconomic Theory 6: Constant Elasticity.
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ECON10171 Principles of Microeconomic Theory 1.
Microeconomic Theory 5: Price Elasticity of Demand.
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ECON10171 Principles of Microeconomic Theory 1.
Microeconomic Theory 4: Elasticity
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ECON10171 Principles of Microeconomic Theory 1.
Microeconomic Theory 3: Equilibrium
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ECON10171 Principles of Microeconomic Theory.
Advanced Microeconomics 6: Moral Hazard (Video 3).
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ECON30001 Advanced Microeconomics.
Advanced Microeconomics 6: Moral Hazard (Video 2).
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ECON30001 Advanced Microeconomics.
Advanced Microeconomics 4: Competitive Screening (Video 4).
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ECON30001 Advanced Microeconomics.
Advanced Microeconomics 4: Competitive Screening (Video 2).
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ECON30001 Advanced Microeconomics.
Advanced Microeconomics 4: Competitive Screening (Video 3).
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ECON30001 Advanced Microeconomics.
Microeconomics with Calculus 9: The Slutsky Equation.
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ECON10171 Microeconomic Analysis 1, 2020-21.
Advanced Microeconomics 9: Rabin's Calibration Theorem.
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Advanced Microeconomics 9: Rabin's Calibration Theorem.
Advanced Microeconomics 9: Eliciting Probabilities and Proper Scoring Rules.
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Advanced Microeconomics 9: Eliciting Probabilities and Proper Scoring Rules.
Advanced Microeconomics 9: Measuring Utility Functions and the BDM Procedure.
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Advanced Microeconomics 9: Measuring Utility Functions and the BDM Procedure.
Microeconomics with Calculus 4: Consumer Preferences.
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Microeconomics with Calculus 4: Consumer Preferences.
Advanced Microeconomics 8: Bargaining Theory (Video 4).
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Advanced Microeconomics 8: Bargaining Theory (Video 4).
Advanced Microeconomics 8: Bargaining Theory (Video 3).
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Advanced Microeconomics 8: Bargaining Theory (Video 3).
Advanced Microeconomics 8: Bargaining Theory (Video 2).
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Advanced Microeconomics 8: Bargaining Theory (Video 2).
Advanced Microeconomics 8: Bargaining Theory (Video 1).
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Advanced Microeconomics 8: Bargaining Theory (Video 1).
Microeconomics with Calculus 11: Short-Run Production.
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Microeconomics with Calculus 11: Short-Run Production.
Microeconomics with Calculus 8: The Hicks Decomposition.
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Microeconomics with Calculus 8: The Hicks Decomposition.
Microeconomics with Calculus 5: The Consumer’s Problem.
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Microeconomics with Calculus 5: The Consumer’s Problem.
Microeconomics with Calculus 12: Long-Run Production.
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Microeconomics with Calculus 12: Long-Run Production.
Microeconomics with Calculus 10: Consumer Welfare Analysis.
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Microeconomics with Calculus 10: Consumer Welfare Analysis.
Microeconomics with Calculus 7. Deriving Demand Functions.
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Microeconomics with Calculus 7. Deriving Demand Functions.
Microeconomics with Calculus 6: Solving the Consumer’s Problem.
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Microeconomics with Calculus 6: Solving the Consumer’s Problem.
Hi sir, that was incredibly helpful! it would be wonderful if you could use this textbook in your videos. “Microeconomics, Theory and Applications with Calculus” (5th edition) by Perloff. again amazing video sir!
Not gunna lie, econ with Emily is better at explaining this
best ever, thanks craiggg i always like your lecture
Nice video! Could you provide a source that would discuss why the value of information calculation should use the posterior (instead of the prior) distribution to weigh also the utilities of the original action without signals? All sources I’ve seen just use the prior for that (including e.g. Economics of risk and time by Gollier.)
THANKS A LOT RESPECTED PROF.CREGG WEBB .THESE VIDIOES REALLY MAKES ME DIVE INTO THE DEPTH OF MICROECONOMICS
Crystal clear and well structured presentation. Thanks.
Thank you sooo much this helped me alot
thanks
Wowwwwwwwww...... A ❤❤❤❤love from Pakistan
Amazing video. Really helpful and very clear. Thank you!
great job man! love you
as far as I see that's the only video explaining bdm, thanks a lot!
Thank you for your great work!
why dont u teach us the intermediate Micro last year T.T
Hi sir, i was wondering why p becomes horizontal in the last diagram?
I didn’t notice it until you mentioned it - that was a mistake :)
❤❤❤
you are the best! thank you for your all lectures.
amazing
which book do you use it please?
This is amazing. Thank you for helping!
Thanks from China❤
While looking at tne Lagrangian in Economics I came across, of course, constrained optimization to get to the optimal use of two factors, capital and labor, and the curves are isoquants. There the line is indeed an isocost and its slope is the MR of transformation. So it is used in production and also y consumption optimization.
I taught Economics a long time ago so don’t give me to much credit, but I would say that the marginal rate of transformation is the slope of the line that says how much you can PRODUCE of one good or another as a producer, and thus it has to do with isoquants, not indifference curves. This straight line here is only the price ratio px/py and tells you how much you can CONSUME of each good. The slope of the indifference curve is called “the marginal rate of substitution”. Again, I may be wrong. Post script. That’s a minor thing in any case, this is a great video and I thank you for it.
Agree, marginal rate of transformation sounds more related to production to me. The textbook I use on my course (Perloff) is the only book that calls -px/py the MRT, so I use it for my students. Before this, I always called -px/py the marginal rate of exchange (the rate at which one can exchange one good for another in the market).
@@drcraigwebb Thank you. The math part is very nice. I only saw it once and got part of it but I plan to see the video a couple more times. TH-cam is such an incredible source of knowledge!
Amazing explanation that I was looking for so long! Thank you, sir
:: Such a brilliant Professor! Can't find any doctoral level course of Microeconomics to be delivered in such an eloquent and easy manner. Best wishes!
While this video was more complex than what I was searching for, I did appreciate its approachable presentation despite the added depth.
underrated channel
Hi I don't fully understand, the probability of the uniform random variable being less than or equal to phi(b) is just phi(b)? Phi isn't a CDF right?
GREAT!! GREETINGS FROM PERU!. EXCELENT VIDEOS!
Hello! I'm new to this channel and I'm not a student of economics. But this channel seems very good in my journey to learn about the topic for future studies! Thank you for a good channel! Do you still plan to upload videos?
sir, which text book shall i refer to kindly reply
Awesome explanation!!!
incredibly thorough video!
Many many thanks it's very useful video.. Regards from Indonesia
Cant thank enough for the excellent well put together Craig!!!
bruuhh ur doing asmr or what
.😂😂😂😂😂😂
His voice is soothing tho
Dear Dr. Craig Webb, Words cannot express the level of gratitude I hold for you, for making this series. I can confidently say that you are the best economics professor I have had till date. With increased levels of clarity regarding economics, I hope to tackle the following semesters with confidence and it's all thanks to you. Best wishes.
Thank you very much Sir.
Absolutely great and detailed explained. Your videos are very good to learn and especially understand, Thanks!
First few videos are missing from playlist.
love from mtl
This is like 3Blue1Brown for Microeconomics haha. Great video and very underrated!
Love it :) Exactly what I was going for (ripping off 3B1B). That guy is amazing.
Exactly my thoughts when he said “if you had to reinvent it”.
Hi, thanks a lot for the very helpful video, but how do you go from this step: (𝑛 − 1)𝛼(𝛼𝑏 − 𝑏) − 𝛼𝑏 = 0 to this step: a=(n/n-1)
No worries. Here are the steps: (n-1)a(ab-b) - ab = 0 Since n>1 we can divide by n-1 a(ab-b) = ab/(n-1) Factor out the b term: ab(a-1) = ab/(n-1) Cancel the ab on both sides: a-1 = 1/(n-1) Then a = 1 + 1/(n-1) = (n-1)/(n-1) + 1/(n-1) = n/(n-1) Hope that helps, Craig :)
Thank you Craig! I normally see authors call F(x) the cumulative distribution function. And the density function as the probability distribution function.
great videos! i'm glad i can find some nice, good quality youtube lectures on advanced micro theory.
thank youuuuuu :-´)
very clear and interesting. thank you very much.
so nice. thank you very much.
These set of videos are absolutely life-saving. It's very difficult to completely understand and appreciate these ideas in the class. Great work prof. Thanks a ton!
The AER paper on Giffen behavior is really eye-opening.