Merhabalar! I am Msc. in Economics student at LSE, coming from Azerbaijan. I was searching for some videos to refresh my theory for microeconomics for my upcoming exams and I luckily found your playlists. Thank you so much for sharing your knowledge and making it publicly accessible! Your videos are definitely very helpful and insightful! Saygilar, Samira
i would like to thank you so much im from greece and i study economics at a greek university, i wouldnt have understood any of this if it wasnt for you. Again thank you very much!
You are amazing explainnig! I was looking for examples because I don't know if you ever read the Feldmand and Serrano book, called "Welfare Economics and Social Choice Theory" and they have some proposed excercises and I thought that I was doing something wrong, but I think I'm doing pretty true to the way you just explained. U1(x1) = 3x1a + 2x2a U2(X2) =X1bX2b With initial endowments: w^1 = (10,9) w^2 = (0, 1) However, the agent with utility 2, has an utility of 0 for those endowments, so I only had to look up for the quantity for agent 1. MRS depends on X1b and X2b I used feasibility condition to exchange X1b for X1a and X2b for X2a, but still my results don't match with the numbers that are the solution in the book. Following Feldman and Serrano's solution: X1a= 9 and X2a = 8.5. And I'm a bit far from those numbers. Am I doing something wrong?
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Merhabalar! I am Msc. in Economics student at LSE, coming from Azerbaijan. I was searching for some videos to refresh my theory for microeconomics for my upcoming exams and I luckily found your playlists. Thank you so much for sharing your knowledge and making it publicly accessible! Your videos are definitely very helpful and insightful! Saygilar, Samira
This was really helpful, Dr. Ozyurt. Thank you so much!
Thank you, Dr Ozyurt. This is an excellent video. I am so grateful.
can you explain how you calculated the MRS in this particular question
i would like to thank you so much im from greece and i study economics at a greek university, i wouldnt have understood any of this if it wasnt for you. Again thank you very much!
Thank you so much for this video! I have my micro core exam in one week, and this helps me so much!
Thanks so much for this great explanation
Pure exchange economy will ask for water on 15th Dec 😁... Final exams . Thanks Dr
thank you!
I love your video series! Any chance you could make a video about replicas of an economy as well? keep the great work!
You are amazing explainnig! I was looking for examples because I don't know if you ever read the Feldmand and Serrano book, called "Welfare Economics and Social Choice Theory" and they have some proposed excercises and I thought that I was doing something wrong, but I think I'm doing pretty true to the way you just explained.
U1(x1) = 3x1a + 2x2a
U2(X2) =X1bX2b
With initial endowments:
w^1 = (10,9)
w^2 = (0, 1)
However, the agent with utility 2, has an utility of 0 for those endowments, so I only had to look up for the quantity for agent 1. MRS depends on X1b and X2b I used feasibility condition to exchange X1b for X1a and X2b for X2a, but still my results don't match with the numbers that are the solution in the book.
Following Feldman and Serrano's solution: X1a= 9 and X2a = 8.5.
And I'm a bit far from those numbers.
Am I doing something wrong?
Thanks
G R E A T ! ! !