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In Case of Econ Struggles
United States
เข้าร่วมเมื่อ 2 มิ.ย. 2018
Just a Ph.D. Economics student trying to cure one Case of Econ Struggles at a time.
Like/Subscribe so you don't miss my latest walkthrough of a econ concept/problem, and comment if there is a concept/problem you want me to walk through.
Subjects I tutor/Produce Videos About:
AP/College Intro Micro & Macro
College Intermediate Micro & Macro
College Intro Econometrics
College Advanced Micro & Macro
Graduate Level Micro & Macro
STATA Tips and Tricks
STATA Exporting Results
Causal Inference Methods
Consulting on a Senior Research Project
Like/Subscribe so you don't miss my latest walkthrough of a econ concept/problem, and comment if there is a concept/problem you want me to walk through.
Subjects I tutor/Produce Videos About:
AP/College Intro Micro & Macro
College Intermediate Micro & Macro
College Intro Econometrics
College Advanced Micro & Macro
Graduate Level Micro & Macro
STATA Tips and Tricks
STATA Exporting Results
Causal Inference Methods
Consulting on a Senior Research Project
The 5 Minute Hotelling's Rule BASICS Explained
In this video I talk about the Hotelling's Pricing rule of nonrenewable resources and why the scarcity rent should increase at the interest rate. I define the scarcity rent under different cost structures and different market structures to define the Hotelling's Rule under these different situations.
Timestamps:
0:00 - The Big Picture
0:40 - Defining Scarcity Rent for Hotelling's Rule
1:14 - The Math for Hotelling's Rule
4:52 - Review of Hotelling's Rule
Timestamps:
0:00 - The Big Picture
0:40 - Defining Scarcity Rent for Hotelling's Rule
1:14 - The Math for Hotelling's Rule
4:52 - Review of Hotelling's Rule
มุมมอง: 100
วีดีโอ
Master the Dominant Firm Theory Graph in 11 Minutes FLAT!
มุมมอง 130วันที่ผ่านมา
In this video I go over the Dominant Firm Theory Graph and the assumptions behind the Dominant Firm Theory Model. I build the Dominant Firm Theory Graph slowly and also give an example of how to shift the graph. Timestamps: 0:00 - Assumptions of the Dominant Firm Theory Model 0:57 - A preview of the Dominant Firm Theory Graph 1:22 - Building the Dominant Firm Theory Graph 7:52 - Shifting the Do...
Master the Difference Between NPV and LAC in Under 5 Minutes
มุมมอง 86วันที่ผ่านมา
In this video I talk about the difference between Net Present Value and Levelized Annual Cost methods in Cost-Benefit Analyses. This is a 5 Minute review of NPV and LAC method in Cost-Benefit. Timestamps: 0:00 - Review of NPV 1:00 - From Net Present Value to LAC 3:20 - Intuitively Comparing NPV and LAC
Master Using NPV With Cost-Benefit Analyses
มุมมอง 14121 วันที่ผ่านมา
In this video I talk about Net-Present Value in Environmental Economics using Cost-Benefit Analysis. I derive the formulas for Net Present Value (NPV) and how to apply NPV to both finite and infinite payment streams. I also include an example of Net Present Value (NPV) within a Cost-Benefit Analysis using a park clean-up project. Timestamps: 0:00 - The Big Picture Cost-Benefit Example 2:07 - Wh...
Master Optimal Pollution Taxes in Under 20 Minutes
มุมมอง 131หลายเดือนก่อน
In this video I talk about Optimal Pollution Taxes in Environmental Economics and how to find Optimal Pollution Taxes using emission amounts and concentration abatement using transfer coefficients. This is an Environmental Economics video about MDF and MAC curves and optimal pollution taxes. Timestamps: 0:00 - Review of Command and Control 1:30 - Finding the Optimal Pollution Tax 6:05 - Polluti...
WARP Explained in 10 Minutes
มุมมอง 119หลายเดือนก่อน
The Weak Axiom of Revealed Preference Explained in 10 Minutes: In this video I (correctly) explain WARP or the Weak Axiom of Revealed Preference intuitively, graphically, and algebraically. This video is all about WARP! Timestamps: 0:00 - Intuitive WARP Explanation 2:08 - Graphical WARP Explanation Income Changes 5:08 - Graphical WARP Explanation Price Changes 7:15 - Algebraic WARP Explanation
Why Isn't Command & Control the BEST Policy for Reducing Emissions?
มุมมอง 161หลายเดือนก่อน
In this video I talk about why Command and Control is not the BEST policy for reducing emissions. I talk about graphs with the Marginal Abatement Cost curve and the Marginal Damages Function curve using Emissions and Abatement on the x-axis. I talk about why Marginal Abatement / Marginal Damages are Private/Social Benefit/Cost curves depending on the graph. I also talk about the relationship be...
An ABSOLUTELY EASY Way to Export Multiple Stages as Columns in Stata
มุมมอง 872 หลายเดือนก่อน
In this video I talk about how to export biprobit and heckprobit models from Stata to Overleaf as different columns rather than different rows.
Learn the AD-AS Model in 6 Minutes
มุมมอง 7022 หลายเดือนก่อน
In this video I talk about the AD-AS or Aggregate Demand Aggregate Supply Model. I use the IS-LM, or ISLM, model to help explain the ADAS or AD-AS Model. Timestamps: 0:00 - Review of ISLM 2:03 - From ISLM to ADAS 2:53 - Shifting ISLM and ADAS
Master Expected Utility in Under 4 Minutes
มุมมอง 3112 หลายเดือนก่อน
Master Expected Utility in Under 4 Minutes
Master Stata Regressions Fitted Values and Residuals in 90 Seconds
มุมมอง 1022 หลายเดือนก่อน
Master Stata Regressions Fitted Values and Residuals in 90 Seconds
Master Adding Prices to the Edgeworth Box in 5 Minutes
มุมมอง 652 หลายเดือนก่อน
Master Adding Prices to the Edgeworth Box in 5 Minutes
3 Minutes to Use Bysort to Find Mins and Maxes by Group
มุมมอง 353 หลายเดือนก่อน
3 Minutes to Use Bysort to Find Mins and Maxes by Group
Master Non-Renewable Resource FOCs in 6 Minutes | NRE Part 7
มุมมอง 363 หลายเดือนก่อน
Master Non-Renewable Resource FOCs in 6 Minutes | NRE Part 7
3 Key Takeaways from Intermediate Microeconomics Your Professors Expect You to Know
มุมมอง 323 หลายเดือนก่อน
3 Key Takeaways from Intermediate Microeconomics Your Professors Expect You to Know
Master Finding Elasticities from Marshallian Demand in 4 Minutes
มุมมอง 824 หลายเดือนก่อน
Master Finding Elasticities from Marshallian Demand in 4 Minutes
Why Does Everyone Keep Saying This Function is CRRA?
มุมมอง 4484 หลายเดือนก่อน
Why Does Everyone Keep Saying This Function is CRRA?
7 Minutes to Master WARP, the Weak Axiom of Revealed Preference
มุมมอง 4644 หลายเดือนก่อน
7 Minutes to Master WARP, the Weak Axiom of Revealed Preference
4 Minutes to Master Arrow-Pratt Risk Aversion
มุมมอง 4014 หลายเดือนก่อน
4 Minutes to Master Arrow-Pratt Risk Aversion
The Ultimate Guide to Budget Constraints and Budget Sets
มุมมอง 3694 หลายเดือนก่อน
The Ultimate Guide to Budget Constraints and Budget Sets
Master The Edgeworth Box: Non-Standard Preferences
มุมมอง 6114 หลายเดือนก่อน
Master The Edgeworth Box: Non-Standard Preferences
Master Second Order Stochastic Dominance (SOSD)
มุมมอง 7515 หลายเดือนก่อน
Master Second Order Stochastic Dominance (SOSD)
Adding in Government Bonds | SME Part 4
มุมมอง 485 หลายเดือนก่อน
Adding in Government Bonds | SME Part 4
Stata: Exporting results using Adjustbox and Esttab, Part 2
มุมมอง 835 หลายเดือนก่อน
Stata: Exporting results using Adjustbox and Esttab, Part 2
Master Certainty Equivalents & Risk Premia Graphically
มุมมอง 2765 หลายเดือนก่อน
Master Certainty Equivalents & Risk Premia Graphically
Easily Report IV First Stage F Stat using Estat | Sunday Stata Tips
มุมมอง 2325 หลายเดือนก่อน
Easily Report IV First Stage F Stat using Estat | Sunday Stata Tips
Master First Order Stochastic Dominance (FOSD)
มุมมอง 6486 หลายเดือนก่อน
Master First Order Stochastic Dominance (FOSD)
Esttab Easily Change Number of Scalar Decimals | Exporting Results Struggle
มุมมอง 836 หลายเดือนก่อน
Esttab Easily Change Number of Scalar Decimals | Exporting Results Struggle
Easily Troubleshoot Destring in Stata | Sunday Stata Tips
มุมมอง 366 หลายเดือนก่อน
Easily Troubleshoot Destring in Stata | Sunday Stata Tips
Thanks, very helpful videos :)
I’m really glad the video was helpful and the comment is really helpful so more people find these videos! Thank you!
at 3:01 why is it that you representing n as 30, did you make a mistake and it should be 30 ?
It should match the prior video on NPV sorry about that
thank you so much. Really helped.
I’m really glad this was helpful and I appreciate you leaving a comment!
very useful! Thank you so much for the wonderful video!
I’m really glad it was useful thank you so much for the comment!
Thank you so much!
I’m glad it was helpful and thank you for leaving a comment!
question: old bundle (24,40), new bundle (20,60) old price (50,20), new price (80,25) chosen: old bundle+old price , new bundle+new price is there violation of warp in this question? because old price+new bundle was unaffordable so it wasn't chosen, but new price+old bundle is now affordable
Based on those prices we would assume that the money you had to spend increases from the old period to the new period because the new bundle at the new prices costs more than the old bundle at the old prices exactly as you point out so this is not a warp violation. Good question though!
@ thanks it helps a lot😁
Awesome I’m glad that helped!
terrible explanation
I’m sorry to hear this wasn’t helpful. Was there anything in particular that was confusing or you wish was explained better or just overall didn’t help you that much?
Every modern masters/phd macro professor should skip their lectures on Bellmans and link to this video instead! so clear and concise, thank you!
I’m really glad you found this helpful! Feel free to share this video and my channel with classmates or other professors as resources for students!
Hello! When I solve for q1* I get (a-c)/3b, could you clarify this please?
Let me double check my math and get back to you. In the meantime does the conceptual aspect make sense or is that also something you’re unsure about?
Could you clarify where in your math we don’t align so I can better help you?
This keeps getting better and better. Thank you so much and please keep up!
I’m glad it’s helpful please feel free to share with others in your program!
Thank you! this helps me a lot as a 1st year PhD student
I’m so glad this was helpful and thank you so much for leaving a comment!
Saving my ass for my quiz tomorrow for my econ class at princeton
I’m glad you found these videos helpful and I appreciate you leaving a comment!
Thank you king!
Thank you for the comment I’m glad it was helpful!
Requesting a video lesson on Computable General Equilibrium
I’ll add it to my list! Thanks for the suggestion/request!
Okay i like it
Thank you for the comment I appreciate it and I’m glad this video was helpful!
Your graphical depiction of the substitution effect is wrong. The substitution effect records changes in relative prices and how that affects the cheapest bundle which reaches the same original utility. Because relative prices are changing, the slope of budget constraint should change. Because we we want to be at the same utility, the budget constraint should be shifted to be tangent with the original indifference curve. Substitution effect is concerned with expenditure minimization at a certain utility and prices. The income effect, on the other hand, records how the optimal bundle changes with changes in real income / wealth. While this could be changes in relative prices, it could also be proportional changes in prices. If we want to isolate income effect though, we focus only on proportional changes in prices. Graphically the income effect shows how making any change to the budget line (slope or parallel shift) affects the utility maximizing bundle (therefore utility can change therefore we can intersect a difference indifference curve). Income effect is concerned with utility maximization at a certain wealth and prices.
I agree with your written description of the substitution versus income effect and how they should be depicted on this graph, and agree I don't make that clear in the video. Thank you for catching that! I have pinned your comment so that others can read this until I can upload an updated video where I make sure my explanation is clear and correct. Thank you again for pointing this out!
Brilliant, clear, and applicable explanation. Thank you!!
I’m so glad this was helpful thank you for leaving a comment!
Great video!!!
Thank you so much I’m glad this is helpful!
explain better than my professor!
I am glad this was helpful and I appreciate you leaving a comment!
I'm not an econ student but i came across the term while trying to read a paper and you made it real easy to understand, thank you!
I’m glad this was helpful for you and I really appreciate you leaving a comment, thank you!
Sooo helpful, thank you!
I’m glad it was helpful thank you for leaving a comment!
How do we know that F H A E C G were affordable initially?
That is exactly the issue! I posted an updated warp video (it’s currently the newest video) and I will drop a link below where I corrected that error. Im glad you were able to see that
Here is the updated version: th-cam.com/video/khplkFgDqtM/w-d-xo.html
@@InCaseofEconStruggles Thank you for the clarification
This is great, thanks!
I’m glad this was helpful thank you for leaving a comment
Thank you, this is quite useful !
I’m glad this was helpful thank you for leaving a comment!
u are godsent
I’m glad it was helpful and thank you for leaving a comment!
best explanation even in the whole TH-cam
Thank you so much I’m glad this is helpful! Feel free to share with classmates and I appreciate the comment!
Your videos are amazing. If you can show us how to make unit root tests table for time series and export it to Latex 🙏
Did you have a particular unit root test in mind?
@@InCaseofEconStruggles ADF test, PP test, and Agumnted Dickey-Fuller test tests.
I’ll start with the Augmented DF and then if that same type of code doesn’t work I can do other ones
@@InCaseofEconStruggles thank you very much. I remember that we can do all of them in one command.
I would definitely know how to add those statistics as scalars to the regression output if that’s what you were thinking
Very informative 👍
I’m glad it was helpful!
Hi, Can I ask how to add table description before the table. For example, you add note to the bottom of the table, is there a way I could add before? Thanks!
Do you mean add a note to the table in the stata code or like define it before the add note command?
@@InCaseofEconStruggles add a note to the table in Stata before the table output. For example, in the paper, we don't just put out the table, we often a table description like: This table presents xxx
Oh I see I think that is best to do in latex like that is language you want to change more often than the table and that’s part of writing the paper more than the table
There are ways in latex to reference the table number automatically
@@InCaseofEconStruggles yes yes you are right, then I will stick to my note added in latex. Thank you for your help and time!
Thank you!
I’m glad this was helpful thank you for the comments!
I want to tell you that you made such an esoteric concept seem so simple to understand! Thanks so much!
I’m so glad this was helpful thanks for leaving a comment!
I'm strugging first year PhD micro and you are saving my life
I’m so glad this is helping you!
thank you
Thanks for leaving a comment I’m glad it was helpful!
very clear!
I’m glad it was helpful thank you for leaving a comment!
Great video, thank you !
I’m so glad it was helpful thank you for leaving the comment!
isn't x*_2=w/2p_2?
Yes they should both be 1/2* w/pi
TEMPRARY CORRECTION (Until I upload an updated corrected version): In the graphical example, there's no reason why F, H, A, and E can't be picked with the new constraint. Even though the green dot is revealed preferred to those points, it would only violate WARP if those points were then picked when the green dot was available, which it is not under the new constraint. Sorry for the error and I will have a corrected version up soon!
Here is the updated version: th-cam.com/video/khplkFgDqtM/w-d-xo.html
really helpful, thank you!
I’m glad it was helpful! I hope the other videos in the series were also helpful but feel free to let me know if there was something you were looking for and couldn’t find!
Great video! I'm currently struggling with the OLG models as well. Could you make a video regarding the offer curves derived from Gale(1973) and talk about the 3 cases (Samuelson, Classical and Knife-edge)? Very appreciate!
I would need to look into those to really understand them but yes I will add that to my research list to look at!
Hello Case! I have found your videos to be extremely helpful. Thanks for making them! I am having trouble exporting results from two types of models: bivariate probits (biprobit) and heckman probit models (heckprobit) in Stata. In particular, I want to report the different stages as different columns rather than just having the first stage reported below the second stage (for the heckman model for example). If you could make a video helping me out here that would be great.
Hey Paul I’m glad you are finding these videos helpful! I will look into both of those and see what I can come up with!
If you use the option unstack and drop(/:) that should work! Example code below: webuse school eststo test: biprobit private vote logptax loginc years esttab test, unstack drop(/:) Does that work for your code?
@@InCaseofEconStruggles This was helpful. Thank you! Separately, if I have a really long note it forces my column on the far right to be too far way from nearest column. Is there a way to make a note that is really long, and therefore wide, to appear on two lines?
@paulsilva627 you have two options. One is to split it in the stata code itself into two lines. The other option is to use the addnote option. I’ll make a video about that as well
@@InCaseofEconStruggles Great!
also programmers everyday
I can only imagine! Even with stata I feel this reading people’s code
Is it bad that I know the exact context of this clip
Not at all that makes the meme better in my opinion!
Thanks, very helpful!
I’m glad this was helpful and I really appreciate you taking the time to leave a comment!
I get the intuition behind SOSD, but I don't get the definition because F's area under the curve is bigger G's area under the curve after x=20, can you explain why the definition is still true.
Remember that it’s the cumulative area under F versus the cumulative area under G. I do have a mistake where my integrals should start at - infinity not at 0. Starting at x=20 the cumulative difference in areas starts shrinking but the cumulative area under G is always greater than or equal to the cumulative area under F. Does that help?
It does, thank you very much.😄
@benjaminkjaerhansen4733 awesome I’m glad that helps! Great question and glad the video was helpful!
12/10 shameless plug
its a bold strategy for sure Cotton
Wow ! million thanks for this clear explanation !!
Thank you so much! I’m glad it was helpful and I appreciate you leaving a comment!
What a nice explanation! Subscribed
I’m glad this was helpful and I appreciate you leaving a comment!!
Thank you for a clear and concise explanation, this is exactly what I needed, I can't thank you enough, really appreciate it
I’m glad this was helpful and great question!
Thank you very much!
I’m so glad this was helpful! Thanks for taking the time to leave a comment!
Amazing😂😬😬😬
Thanksssss