Microeconomics Overview, Part I: Parts of the Economic Model

This video goes over the basic economic model, including the parts: choice variable, endogenous variable, exogenous variable and objective function. I also go over how to think about setting up a model using a cost-benefit framework.
Link to my course on microeconomic modelling: ashley-s-site-9d78.thinkific....

Пікірлер: 3

  • @pedrocolangelo5844
    @pedrocolangelo5844 Жыл бұрын

    Ms. Hodgson, you are truly blessed with the gift of teaching. It is easy to see your excitement when teaching economics, and I think that this is the responsible factor that makes your way of teaching so captivating. Thank you again for sharing your knowledge, greetings from Brazil!

  • @ahmedbellankas2549
    @ahmedbellankas25492 жыл бұрын

    Thank you so much prof,you inspired me more to be an economist,you're just like the great person inspiring people,thank you so much.

  • @psikeyhackr6914
    @psikeyhackr69147 ай бұрын

    Double entry accounting is 700 years old. How hard can it be? If you search Adam Smith's Wealth of Nations for "and account" you will find multiple instances of "read, write and account". The United States could have made accounting mandatory in the schools since Sputnik. What would that have done to microeconomics by now?