Budget Constraints

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  • เผยแพร่เมื่อ 14 พ.ย. 2024

ความคิดเห็น • 106

  • @messididit
    @messididit 4 ปีที่แล้ว +73

    I think MRU considered everyone who they are non-English speakers. Calm and detailed explanation, amazing animation work, etc everything is just perfect. Thank you so much!!!

  • @TommyK194
    @TommyK194 6 ปีที่แล้ว +19

    MRU is a huge reason why I'm graduating cum laude this semester in Econ. Can't thank all of you enough

  • @stefanspinu8784
    @stefanspinu8784 7 ปีที่แล้ว +115

    Guys, I'm simply in love with MRU (no hyperbole) - please don't stop creating high-quality educational videos! Greetings from Romania.

  • @jayneeojeda5677
    @jayneeojeda5677 5 ปีที่แล้ว +20

    this video helped calm my fear of microeconomics and inspire me to want to learn more. there are no words for how great this video is

  • @mukhammadabdurakhmonov3700
    @mukhammadabdurakhmonov3700 4 ปีที่แล้ว +5

    great channel, I always learn something. Ms, don't stop teaching, thank you

  • @shathompoloka3303
    @shathompoloka3303 3 ปีที่แล้ว +5

    Since Im a visual learner I appreciate the many pictures and diagrams, really helpful. Thank you!

  • @Pacov412
    @Pacov412 5 ปีที่แล้ว +8

    Thank you so much. I'm in law school and I have one exam in economics. I never understood it really but you explain everything that's written in the book in a much more comprehensive way. If i pass this exam, it will all be thanks to you.

  • @khushibogarram5632
    @khushibogarram5632 7 ปีที่แล้ว +39

    amazing way to study economics. really useful material!

  • @wirapramanaputra7645
    @wirapramanaputra7645 4 ปีที่แล้ว +3

    This is the one of the best explanation about Badget Constraints, thank you

  • @mikebissinger2706
    @mikebissinger2706 3 ปีที่แล้ว +9

    I go to Princeton and have my micro midterm in 3 days and I have learned more from watching two hours of your videos than I have this entire semester. Thank you

    • @MarginalRevolutionUniversity
      @MarginalRevolutionUniversity  3 ปีที่แล้ว +3

      Best of luck!

    • @juderocks5
      @juderocks5 ปีที่แล้ว +2

      I go to Columbia, and I share a similar experience. Although I know most of this already (I should, considering I'm an econ major), these videos are a wonderful refresher for the basics. This is especially true since students have a tendency to panic before exams, and if I can explain things in a simplified manner (like in these videos), not only can I help other students, but I'm much more likely to retain my ability to recall the information during a critical moment (unintentional Feynman technique). So thank you, MRU, and please keep it up; I've already recommended your channel to other students.

  • @ma.eugeniasaliva4878
    @ma.eugeniasaliva4878 7 ปีที่แล้ว +5

    Excellent study material! I liked very much the previous teacher, but this woman is the best!

  • @esparzaxenia
    @esparzaxenia 5 ปีที่แล้ว +3

    Omg thank god for this video!! You helped me so much in understanding the opportunity cost! I was about to cry thinking that I was doomed to fail.

  • @kabinehkpukumu6182
    @kabinehkpukumu6182 3 ปีที่แล้ว +1

    Another excellent video from the MRU team! God bless you all!

  • @Lilly10-x4w
    @Lilly10-x4w 3 ปีที่แล้ว +1

    You are AMAZING !!! you deserve everything good in your life because of this amazing video! Thank you 🧡🧡

  • @joshualucero7537
    @joshualucero7537 3 ปีที่แล้ว +2

    This is such a great video! Something clicked for me. Thank you!

  • @aminacherdabayeva3653
    @aminacherdabayeva3653 6 ปีที่แล้ว +22

    Be my professor you explain good

  • @f-22fighterjet84
    @f-22fighterjet84 6 ปีที่แล้ว +51

    i showed this video to my dog, now he's in law school

  • @paolavalentina9349
    @paolavalentina9349 2 ปีที่แล้ว

    Brilliant video! mastered everything in such a short time frame! really helpful for refreshing memory! cheers 👍🏼

  • @makemymarket1772
    @makemymarket1772 2 ปีที่แล้ว

    You just made my microeconomics course 10x more easy. Thanks a lot!!!

  • @robertwilson260
    @robertwilson260 ปีที่แล้ว +2

    I was so comfused about how they came up with the graphs in a certain book i was studying, but this video just explained it all clearly 👌

  • @poetryaddict1
    @poetryaddict1 6 ปีที่แล้ว +26

    why would anyone dislike this?

  • @TECHWORLDRICHER123
    @TECHWORLDRICHER123 5 หลายเดือนก่อน

    Wow your explanation is mind-blowing and from India ,and any lecture could not teach as a simple way like you😮

  • @hugegarrett2577
    @hugegarrett2577 ปีที่แล้ว

    Explained this much better than my professor at university ever has

  • @haticekenarl4217
    @haticekenarl4217 4 ปีที่แล้ว

    İt is a very clear explanation. I understand this topic much better now, thank you so much.

  • @muhammadanas8043
    @muhammadanas8043 7 ปีที่แล้ว +14

    Watched straight away after getting the notif

  • @Life_Yatri
    @Life_Yatri 4 ปีที่แล้ว

    Happy teacher's day MRU❤️
    Thanks alot🙏

  • @AzizasVlogs
    @AzizasVlogs หลายเดือนก่อน +1

    Her voice is so nice

  • @Ecopedia1
    @Ecopedia1 4 ปีที่แล้ว

    thank you for your amazing videos! they are really fantastic and easy to understand especially with special effects :).

  • @shivammirge3749
    @shivammirge3749 5 ปีที่แล้ว +1

    Mam this video was extremely helpful, you have an outstanding way of explaining. Thanks.

  • @jessijasa
    @jessijasa 6 ปีที่แล้ว +1

    her voice is so soothing.

  • @michaelmuema5928
    @michaelmuema5928 5 ปีที่แล้ว

    am always studying online but i have never came across one of your video but my previous 1 i saw made me just subcribe to this channel and am here to stay

  • @astridahbunda5072
    @astridahbunda5072 2 ปีที่แล้ว

    Helped me understand this in a minute
    Thank you so much 🥺🙏🏻

  • @arthurntembula
    @arthurntembula 6 ปีที่แล้ว +2

    Excellent! Thanks. Its clear.

  • @Paul-cp1lk
    @Paul-cp1lk 6 ปีที่แล้ว +2

    Love your animations!

  • @Mark-ye9pi
    @Mark-ye9pi 2 ปีที่แล้ว +1

    Budget Constraint = possible combos given the budget and prices

    • @Mark-ye9pi
      @Mark-ye9pi 2 ปีที่แล้ว +1

      above (outside) the budget line = what you cannot afford

    • @Mark-ye9pi
      @Mark-ye9pi 2 ปีที่แล้ว +1

      slope of budget constraint = opportunity cost of pizza (x-axis)

    • @Mark-ye9pi
      @Mark-ye9pi 2 ปีที่แล้ว +1

      INC Income = budget constraint shifts OUT (INC)

    • @Mark-ye9pi
      @Mark-ye9pi 2 ปีที่แล้ว +1

      INC other factors (good weather) = budget constraint ROTATES out from the top to indicate coffee being more plentiful and less expensive. pizza quantity remains fixed on the budget constraint.

    • @Mark-ye9pi
      @Mark-ye9pi 2 ปีที่แล้ว +1

      Price change = slope change

  • @JimFalboguitar
    @JimFalboguitar 2 หลายเดือนก่อน

    Great video, i would argue governments are inherently set up to grow larger over time with no scarcity or budget constraints involved. The source of the current inflation is government interference in the markets, making micro economics more complex on the average citizens budget.

  • @Whatiscookingnow
    @Whatiscookingnow 4 ปีที่แล้ว

    I wish I could pay as much attention to these videos as I do the comments...

  • @minikin1591
    @minikin1591 5 ปีที่แล้ว +1

    You are the best! thank you so much, please keep on making such good videos :=

  • @karlawinba3400
    @karlawinba3400 6 ปีที่แล้ว +3

    Joana make me love the course than my lecturer 😍

  • @phuonghanguyen5949
    @phuonghanguyen5949 6 ปีที่แล้ว +1

    2 practice questions below that needs to be solved. Please help me in the simplest way!
    1) Suppose the price ratio of two goods is 3/4 and Jason has a budget of $100. If the price of good X increases from 6 to 12, what is the new price ratio? *
    a. 1/4
    b. 1/2
    c. 3/4
    d. 3/2
    e. Cannot be determined from the given information.
    2) Suppose the price ratio of two goods is 3/4 and Jason has a budget of $100. If Jason’s budget increases to $150 and the prices of the two goods stay the same, what is the new price ratio? *
    a. 1/4
    b. 1/2
    c. 3/4
    d. 3/2
    3. Cannot be determined from the given information.
    Thanks in advance!

    • @sallyrefaat8536
      @sallyrefaat8536 6 ปีที่แล้ว

      did you get a reply! as i'm also confused for those two questions
      thanks

  • @giapo8275
    @giapo8275 11 หลายเดือนก่อน

    fantastic videos, thank you so much, i am from vietnam

  • @approfondiechau7149
    @approfondiechau7149 6 ปีที่แล้ว

    The script is simply too great.

  • @Allahu_Akbar_the_one
    @Allahu_Akbar_the_one 2 ปีที่แล้ว

    Budget Constraints isn't about the marginal rate of substitution, it's about the elasticity of substitution.

  • @vais50
    @vais50 6 ปีที่แล้ว +1

    Pls make videos on short run and long run average cost curves

  • @nehabagalkar2825
    @nehabagalkar2825 6 ปีที่แล้ว

    Thank you so much❤️please keep educating us❤️

  • @Rasmarkus62
    @Rasmarkus62 4 ปีที่แล้ว

    Absolutely amazing explaination.

  • @김수연-z2o9f
    @김수연-z2o9f 3 ปีที่แล้ว

    I love her :) and the video edit? PERFECTION

  • @giftbmuntanga3731
    @giftbmuntanga3731 2 หลายเดือนก่อน

    Well explained ma'am ❤

  • @anvicojovia508
    @anvicojovia508 ปีที่แล้ว

    Thanks so much but can you as well help me on understanding the difference between income consumption curve and Engles curve plus the price consumption curve. Because this side is poorly taught, I wish u could be my teacher I would achieve only flying colors all-over

  • @ayaankhan5624
    @ayaankhan5624 2 ปีที่แล้ว

    Wowo this was just an amazing video. Well edited and awesome explanation

  • @casual5559
    @casual5559 3 ปีที่แล้ว

    wow this is more easier to understand

  • @manishachakravarty2139
    @manishachakravarty2139 3 ปีที่แล้ว

    I just love these videos, wanna know a secret? i love these more than I love my college lectures

  • @SamTechWorld9
    @SamTechWorld9 5 ปีที่แล้ว

    I understand more you guys than my prof

  • @noworries838
    @noworries838 3 ปีที่แล้ว

    Wow this soo good thanks i have an interim assessment tomorrow

  • @irfanhasan1515
    @irfanhasan1515 5 ปีที่แล้ว +1

    Mam can u pls make tutorials on price effect (income and substitution effect)

  • @IndianaINC
    @IndianaINC 7 ปีที่แล้ว +2

    damn yall just killed ACDCecon

  • @adrianomattia5625
    @adrianomattia5625 7 ปีที่แล้ว +5

    i love you guys

  • @inasamaale2852
    @inasamaale2852 6 ปีที่แล้ว

    What anyc claz it meks de lesson vry enjoybl nd easy 2undrstand.

  • @anujavaidya1457
    @anujavaidya1457 4 ปีที่แล้ว

    What is the difference between budget line and budget constraint?

  • @I_loved_him
    @I_loved_him 11 หลายเดือนก่อน

    Greetings from institute of accountancy arusha Tanzania

  • @gernet9361
    @gernet9361 5 ปีที่แล้ว

    Smart kind and beautiful. Thank you mam

  • @eugenemurphy2505
    @eugenemurphy2505 3 ปีที่แล้ว

    great job, even I can understand it

  • @vishalupadhaya4643
    @vishalupadhaya4643 4 ปีที่แล้ว

    Ma'am Could you please explain how a consumer reaches from a point where MRSxy is less than Px/Py to the point of equilibrium?

  • @mani6875
    @mani6875 3 ปีที่แล้ว

    what if you don't know the prices of the two goods?

  • @AbirSVlog-l5b
    @AbirSVlog-l5b 6 ปีที่แล้ว +2

    easy way to learn economics

  • @kunjmshah397
    @kunjmshah397 3 ปีที่แล้ว +1

    Charustian ,changa, Gujarat, india

  • @harshitha_vlog
    @harshitha_vlog 4 ปีที่แล้ว

    Extraordinary

  • @杨易文
    @杨易文 5 ปีที่แล้ว

    I wanna eat pizza drink coffee while watching this video

  • @adeyvincent3570
    @adeyvincent3570 3 ปีที่แล้ว

    if I did not understand BC after this, I would be re-enrolling into elementary

  • @Abrahamchemmoth
    @Abrahamchemmoth 6 ปีที่แล้ว

    Very Good.

  • @rishik6648
    @rishik6648 ปีที่แล้ว

    excellent

  • @jhon121882
    @jhon121882 4 ปีที่แล้ว

    Brilliant

  • @nisasha14
    @nisasha14 3 ปีที่แล้ว

    in which software this video is made?

  • @youssoufletchadien2714
    @youssoufletchadien2714 5 ปีที่แล้ว

    On ne peut pas mettre des sous titres en français ?

  • @thebahooplamaster
    @thebahooplamaster 6 ปีที่แล้ว +3

    4:44
    I feel like a 5th grader, when I see this image.

  • @gauravmohan9271
    @gauravmohan9271 2 ปีที่แล้ว

    Amazing…

  • @emreerguder7804
    @emreerguder7804 4 ปีที่แล้ว

    impressive

  • @ijklm07
    @ijklm07 5 ปีที่แล้ว

    If she does all the job, why is she not in the opening?

  • @godamkeras4144
    @godamkeras4144 4 ปีที่แล้ว

    that's a very expensive cup of coffee..

  • @jackylam9799
    @jackylam9799 4 ปีที่แล้ว

    useful

  • @yousufnimer480
    @yousufnimer480 6 ปีที่แล้ว +1

    Goddess

  • @soapyshoe
    @soapyshoe 7 ปีที่แล้ว +4

    A diet of coffe and pizza sounds disgusting...

    • @shopaddress11
      @shopaddress11 7 ปีที่แล้ว

      I know, right?! -- Joana Girante

  • @MountH212
    @MountH212 ปีที่แล้ว +1

    The cost of coffee also depends on the exploitation of Africa

    • @mostafaelhndawy6050
      @mostafaelhndawy6050 ปีที่แล้ว

      The cost of anything also depends on the exploitation of Africa*

    • @MountH212
      @MountH212 ปีที่แล้ว

      @@mostafaelhndawy6050 And the freedom of Africa leads to the agony of neanderthals

  • @hymajustin9172
    @hymajustin9172 5 ปีที่แล้ว

    Moral of story eat burgers

  • @maivangvlog714
    @maivangvlog714 7 ปีที่แล้ว

    o