Congratulations on your video, Ms. Hodgson! This is something that is rarely talked about, even in some economics textbooks. This content is really, really valuable. Thanks for posting it!

Something so vital, yet hardly touched upon. Thank you.

You are way better style than alot of lecturers and profs of economics, they do very little explanation of this structure i don't know perhaps they don't understand enough or believe learning by doing is better, but this is excellent! I'm watching everyone of your videos Ashley :)

Omg, after so many years of reading/using the terms 'endogenous' and 'exogenous' in a loose way, I finally now how they're technically defined!

This video is GOLD. Genuinely life changing. Thank you so much!!

not just your accent is amazing, you explained something which blow my mind. ask me bootstraping your software company, ask me what tax reductions gets you most benefits and value. mecEngineer, two IT diploma, mba…i have built business from art gallery to high street restaurants.. but you opened my mind. by just simple explanation of generation of money/moment/emotion

This is awesome! Thank you.

Thank you so much. I have learnt alot

Thank you for simplifying this concept..... I lack words to express my gratitude... Definitely the academia these days doesn't use simple language to convey the concepts...this is how it must be taught

i have a study project to revise on microeconomics model and this vid helps! thanks!

Yeahhh. Thanks for doing this !!!

Thank you so much for this great video. I wanted to ask for the link to the videos teaching about the parts i need to learn of an economic model. Thanks

This video is incredible! Thank you so much! I'm currently, for my own "fun", working on building an economic model of my home country. It's main exports are Oil and Gas, my objective is to see how price variations of these commodities influence variables such as state's budget, unemployment rates, GDP, change reserves and so on. I've been researching the subject, but I wonder, if you were to build such a model, how you would proceed?

Nice Video... Well explained..

This was so clear and fun to watch! It will definitely help me when my professors introduce models, as I have a more intuitive understanding from this video.

@AshleyHodgson

2 жыл бұрын

I'm so glad to hear it! Having an intuitive understanding of models is the most important part of understanding micro, and goofy examples like this help connect the intuition to every day life.

@UzmaKys

5 ай бұрын

What year r u in

Thank you for this

Thanks! 🙏🏽

thanks. Your explanation helped me a lot. Do you mind telling me which reference you used? Any reading recommendations?

@AshleyHodgson

2 жыл бұрын

When I teach microeconomic theory, I teach from Hal Varian's book (any edition), which is a classic. But this approach of teaching students the model-building framework from the beginning is more-or-less my own, and I teach it on top of the Varian content. It frames everything in Varian nicely, and is empowering to students.

Thanks for the video, this is very clear. My question is your objective function is consist of three generic functions, how do you find the specific functional form of V(g), M(g), and H(g)?

@AshleyHodgson

2 жыл бұрын

That's a good question, and there are a few answers. One is that you could estimate those functions if you had data. Another answer is that you could leave these in generic form for your analysis, as long as you have some sense of the general shape (first derivative > 0, second derivative 0 for increasing marginal functions.

@laiyangke3800

2 жыл бұрын

@@AshleyHodgson Thanks for such a detailed response!

Thanks for this video ma. Please, recommend a free ebook on model building in economics

@00:50 Ojbective Function 😆 sorry, great video

Execelem works, but can you tel US how to solve ?

Good class mam I am Indian

sorry where is the link for the parts?

@AshleyHodgson

Жыл бұрын

Here are a couple of links: kzread.info/dash/bejne/eHqWq8SRnNSopNo.html and kzread.info/dash/bejne/oWWZmdBpYKbIitY.html I'll also add these to the video description!

Is she British or American?.

What the heck does this have to do with economics ong ! Waste my time 👎

@raphaeld.s.1933

Жыл бұрын

Do you study economics?