Policonomics
Policonomics
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E.4 Cobweb models | Supply and Demand - Microeconomics
Learn more: www.policonomics.com/cobweb-model/
This video shows how cobweb models work. In some cases, disequilibria in markets can evolve to a stable equilibrium, while in some other cases such an equilibrium is never reached.
Related articles:
-Supply and demand: www.policonomics.com/supply-and-demand/
-Equilibrium: www.policonomics.com/market-clearing/
Thank you for watching!
www.policonomics.com
Learn, and enjoy!
Переглядів: 28 099

Відео

E.3 Supply and demand equilibrium | Supply and Demand - Microeconomics
Переглядів 1,5 тис.4 роки тому
Learn more: www.policonomics.com/market-clearing/ This video shows how an equilibrium between supply and demand is reached, as well as how disequilibria can occur. Related articles: -Supply and demand: www.policonomics.com/supply-and-demand/ -Perfect competition: www.policonomics.com/perfect-competition/ Thank you for watching! www.policonomics.com Learn, and enjoy!
E.2 Demand | Supply and Demand - Microeconomics
Переглядів 8984 роки тому
Learn more: www.policonomics.com/supply-and-demand/ This video shows how demand works. Starting from someone's demand curve, we will see how to draw the market demand curve. Related articles: -Market clearing: www.policonomics.com/market-clearing/ -Perfect competition: www.policonomics.com/perfect-competition/ Thank you for watching! www.policonomics.com Learn, and enjoy!
E.1 Supply | Supply and Demand - Microeconomics
Переглядів 1,9 тис.4 роки тому
Learn more: www.policonomics.com/supply-and-demand/ This video shows how supply works. Starting from one supplier's supply curve, we will see how to draw the market supply curve. Related articles: -Market clearing: www.policonomics.com/market-clearing/ -Perfect competition: www.policonomics.com/perfect-competition/ Thank you for watching! www.policonomics.com Learn, and enjoy!
D.9 Repeated games | Game Theory - Microeconomics
Переглядів 13 тис.8 років тому
Learn more: www.policonomics.com/repeated-game/ This video shows how repeated games work. By using the prisoner's dilemma, we analyse how repeated games might have different results depending on whether they have a finite or infinite number of repetitions. Related videos: -Subgames: ua-cam.com/video/8fCEfbx5ECE/v-deo.html -Nash equilibrium: ua-cam.com/video/5Kkz0feflSE/v-deo.html Related articl...
D.8 Subgame equilibrium | Game Theory - Microeconomics
Переглядів 160 тис.8 років тому
Learn more: www.policonomics.com/subgame-equilibrium/ This video shows how to look for a subgame perfect equilibrium. We start by explaining what subgames are, then look for a Nash equilibrium, and finally look for the subgame equilibrium. Related videos: -Repeated games: ua-cam.com/video/Q1IiVdnLW0E/v-deo.html -Nash equilibrium: ua-cam.com/video/5Kkz0feflSE/v-deo.html Related articles: -Nash e...
D.7 Mixed strategies | Game Theory - Microeconomics
Переглядів 56 тис.8 років тому
Learn more: www.policonomics.com/mixed-strategy/ This video shows how mixed strategies work. By using mixed strategies, we will be able to understand how to solve the game known as battle of the sexes. Related videos: -Battle of the sexes: ua-cam.com/video/vOBBfmYIH3o/v-deo.html -Nash equilibrium: ua-cam.com/video/5Kkz0feflSE/v-deo.html Related articles: -Nash equilibrium: www.policonomics.com/...
D.6 Battle of the sexes | Game Theory - Microeconomics
Переглядів 27 тис.8 років тому
Learn more: www.policonomics.com/battle-of-the-sexes/ This video explains how the battle of the sexes work. We explain how, by searching for a Nash equilibrium, we won't be able to solve the game. Related videos: -Battle of the Bismarck Sea: ua-cam.com/video/2DDYtd5FDUk/v-deo.html -Mixed strategies: ua-cam.com/video/xTQm2mNOVQY/v-deo.html Related articles: -Mixed strategies: www.policonomics.co...
D.5 Dominant strategies and Nash equilibrium | Game Theory - Microeconomics
Переглядів 107 тис.8 років тому
Learn more: www.policonomics.com/nash-equilibrium/ This video explains how dominant strategies work, and how to reach a Nash equilibrium. We start by analysing dominant strategies, then explain what the Nash equilibrium is. Finally, we show an example of elimination of dominated strategies. Related videos: -Battle of the Bismarck Sea: ua-cam.com/video/2DDYtd5FDUk/v-deo.html -Prisoner's dilemma:...
D.4 Battle of the Bismarck Sea | Game Theory - Microeconomics
Переглядів 17 тис.8 років тому
Learn more: www.policonomics.com/battle-of-the-bismarck-sea/ This video shows how the Battle of the Bismarck Sea works. We start by explaining the military operation, and then see all possible outcomes. Finally, we analyse the game using a game matrix. Related videos: -Prisoner's dilemma: ua-cam.com/video/0R6cEsADBM4/v-deo.html -Nash equilibrium: ua-cam.com/video/5Kkz0feflSE/v-deo.html Related ...
D.3 Prisoner's dilemma | Game Theory - Microeconomics
Переглядів 33 тис.8 років тому
Learn more: www.policonomics.com/prisoners-dilemma/ This video explains how the prisoner's dilemma game works. We start by explaining the prisoners' situation, then we see how to solve the game, and analyse its consequences. Related videos: -Battle of the Bismarck Sea: ua-cam.com/video/2DDYtd5FDUk/v-deo.html -Nash equilibrium: ua-cam.com/video/5Kkz0feflSE/v-deo.html Related articles: -Nash equi...
D.2 Extensive form | Game Theory - Microeconomics
Переглядів 61 тис.8 років тому
Learn more: www.policonomics.com/extensive... This video explains what the extensive form is. We start by learning how to build a game tree to analyse games, and then use a couple of examples to see how to use it. Related videos: -Strategic form: ua-cam.com/video/ulrj8Xmc7cw/v-deo.html -Prisoner's dilemma: ua-cam.com/video/0R6cEsADBM4/v-deo.html Related articles: -Strategic form: www.policonomi...
D.1 Strategic form | Game Theory - Microeconomics
Переглядів 40 тис.8 років тому
Learn more: www.policonomics.com/strategic... This video explains what the strategic form is. We start by learning how to build a matrix to analyse games, and then use a couple of examples to see how to use it. Related videos: -Extensive form: ua-cam.com/video/FuTtDgT_nbI/v-deo.html -Prisoner's dilemma: ua-cam.com/video/0R6cEsADBM4/v-deo.html Related articles: -Extensive form: www.policonomics....
C.9 Experience curve | Cost - Microeconomics
Переглядів 15 тис.8 років тому
Learn more: www.policonomics.com/experience-curve/ This video explains what the experience curve is. We start by learning how to build an experience curve, then we compare two companies competing with the same learning curve, and finally we analyse two particular scenarios. Related videos: -Economies of scale: ua-cam.com/video/6Ky44DaVmTM/v-deo.html -Learning curve: ua-cam.com/video/ftbPnUSRQHs...
C.8 Learning curve | Cost - Microeconomics
Переглядів 41 тис.8 років тому
Learn more: www.policonomics.com/learning-curve/ This video explains what the learning curve is. We start by learning how to build a learning curve, and then we compare two companies competing with the same learning curve. Related videos: -Economies of scale: ua-cam.com/video/6Ky44DaVmTM/v-deo.html -Experience curve: ua-cam.com/video/bc3ysIea9x8/v-deo.html Related articles: -Experience curve: w...
C.7 Economies of scope | Cost - Microeconomics
Переглядів 26 тис.8 років тому
C.7 Economies of scope | Cost - Microeconomics
C.6 Subadditivity | Cost - Microeconomics
Переглядів 6 тис.8 років тому
C.6 Subadditivity | Cost - Microeconomics
C.5 Economies of scale | Cost - Microeconomics
Переглядів 6 тис.8 років тому
C.5 Economies of scale | Cost - Microeconomics
C.4 Long run cost analysis | Cost - Microeconomics
Переглядів 15 тис.8 років тому
C.4 Long run cost analysis | Cost - Microeconomics
C.3 Short run cost analysis | Cost - Microeconomics
Переглядів 16 тис.8 років тому
C.3 Short run cost analysis | Cost - Microeconomics
C.2 Average and marginal cost | Cost - Microeconomics
Переглядів 7 тис.8 років тому
C.2 Average and marginal cost | Cost - Microeconomics
C.1 Fixed and variable costs | Cost - Microeconomics
Переглядів 10 тис.8 років тому
C.1 Fixed and variable costs | Cost - Microeconomics
B.12 Returns to scale (production in the long run) | Production - Microeconomics
Переглядів 32 тис.9 років тому
B.12 Returns to scale (production in the long run) | Production - Microeconomics
B.11 Production in the short run | Production - Microeconomics
Переглядів 31 тис.9 років тому
B.11 Production in the short run | Production - Microeconomics
A.14 Revealed preference | Consumption - Microeconomics
Переглядів 73 тис.9 років тому
A.14 Revealed preference | Consumption - Microeconomics
A.13 Characteristics demand | Consumption - Microeconomics
Переглядів 19 тис.9 років тому
A.13 Characteristics demand | Consumption - Microeconomics
A.11 Laspeyres index | Consumption - Microeconomics
Переглядів 44 тис.9 років тому
A.11 Laspeyres index | Consumption - Microeconomics
A.12 Paasche index | Consumption - Microeconomics
Переглядів 19 тис.9 років тому
A.12 Paasche index | Consumption - Microeconomics
B.9 Cost minimisation | Production - Microeconomics
Переглядів 16 тис.10 років тому
B.9 Cost minimisation | Production - Microeconomics
B.8 Production maximisation | Production - Microeconomics
Переглядів 8 тис.10 років тому
B.8 Production maximisation | Production - Microeconomics

КОМЕНТАРІ

  • @YoutubeKeyboardIssueSucks
    @YoutubeKeyboardIssueSucks Місяць тому

    amazingly simple explantion. thanks a lot

  • @rhyscampbell8394
    @rhyscampbell8394 Місяць тому

    bruhh not one video explains what the coma means why do they do shit like this

  • @wanderlust6207
    @wanderlust6207 Місяць тому

    What is a "collision agreement"? Never heard of people agreeing to collide? Are you referring to the game of "Chicken"?

  • @Leo23XR
    @Leo23XR 2 місяці тому

    This game bores the life out of me.

  • @omitropavel
    @omitropavel 2 місяці тому

    Thank you, it was very helpful, and it made my understandings of curves a lot better, I'm a subscriber now.

  • @julietnamukasa5426
    @julietnamukasa5426 3 місяці тому

    Thanks for simplifying it

  • @hawkmilkgaming
    @hawkmilkgaming 4 місяці тому

    2024?????

  • @wahyufirmanto6524
    @wahyufirmanto6524 4 місяці тому

    Very easy to understand. The world needs more people like you who can teach in simple ways. Thank you!

  • @kedarsensahoo7275
    @kedarsensahoo7275 5 місяців тому

    Could you please say the source from which you are referring particularly the extensive margin and intensive margin

  • @jbetanco7733
    @jbetanco7733 7 місяців тому

    GOOD JOB

  • @Kkkkkkk272
    @Kkkkkkk272 7 місяців тому

    Thanku❤

  • @roseannrawls1584
    @roseannrawls1584 7 місяців тому

    Excellent

  • @MemeHealer
    @MemeHealer 8 місяців тому

    I thought that after cross event point (section III) it doesn’t make sense to produce as the variable costs are increasing rapidly. Doesn’t the third segment represent the part where MPl is negative?

  • @glenipolus9731
    @glenipolus9731 8 місяців тому

    omg in 5 minutes you explained something my teacher couldn't explain in 3 hours

  • @user-oo8tc5yf2j
    @user-oo8tc5yf2j 9 місяців тому

    Im still confused, what happen to the curve for X2?

  • @ciopatxot2891
    @ciopatxot2891 9 місяців тому

    Maximazing production or beenftis ¿?

  • @Victual88
    @Victual88 10 місяців тому

    Thank you very much

  • @marthenrobinsonpellokila7445
    @marthenrobinsonpellokila7445 10 місяців тому

    Briefly and clear explanation. Thank you

  • @Niglnws
    @Niglnws 11 місяців тому

    It is like x1 price decreased, so i can have the same utility but at less price that is good. (Substitution effect). But why should i stay at that utility i have more purchasing power or more money so lets get a higher utility. (Income effect). Right?

    • @Niglnws
      @Niglnws 11 місяців тому

      And at the subsitution case, decrease x2 to increase x1 that is why it is called substitution. While at the income case, we just increase x1 and x2 to reach higher utility using the income or purchasing power that is why it is called income effect.

  • @InCaseofEconStruggles
    @InCaseofEconStruggles 11 місяців тому

    The addition is definitely not super helpful here. I will say negatives make sense for the prisoner's dilemma if you think of the "payoffs" as something like "years in jail" or "size of the fine you receive" where you want the smallest negative numbers, but the payoffs are all bad and you are trying to get the least bad outcome. That is pretty common for the Prisoner's Dilemma.

  • @harveydent-
    @harveydent- Рік тому

    they need to bring back visible dislikes

  • @PunmasterSTP
    @PunmasterSTP Рік тому

    Thanks for sharing this information! As some other commenters noted, I don't think the normal form representation is quite right, since this is a sequential game with perfect information. But it was still an interesting discussion.

  • @mogesk.m5445
    @mogesk.m5445 Рік тому

    Thanks amillion.

  • @mogesk.m5445
    @mogesk.m5445 Рік тому

    Ur approach is so fantastic. keep it up.

  • @mogesk.m5445
    @mogesk.m5445 Рік тому

    10Q so much. Amazing performance

  • @ManiJaka-ic3vi
    @ManiJaka-ic3vi Рік тому

    Please clear explanation

  • @SamEbby
    @SamEbby Рік тому

    Wonderful!

  • @nwabisamehlomakulu5491
    @nwabisamehlomakulu5491 Рік тому

    Great explanation, thank you

  • @alexcerny5881
    @alexcerny5881 Рік тому

    But you can use the matrix for imperfect information (one subgame, or merging player 2's subgames).

  • @OwenSandiford
    @OwenSandiford Рік тому

    Beautifully explained

  • @user-zj7hc8ml7g
    @user-zj7hc8ml7g Рік тому

    Fxxkin great❤

  • @Luckygirlintheworld
    @Luckygirlintheworld Рік тому

    god...why my Nash equilibrium is(up,left)

  • @pedrochavesbasso-tw9lw
    @pedrochavesbasso-tw9lw Рік тому

    Nice explanation

  • @kidushabtewold6317
    @kidushabtewold6317 Рік тому

    thankyou so much, may God bless your life

  • @abrihamhalgeyo8040
    @abrihamhalgeyo8040 Рік тому

    Both man and moman have no dominant stratagies

  • @mehzabinakterkazal5236
    @mehzabinakterkazal5236 Рік тому

    Thanks to the infinity for this video. Clean, precise, to the point. 💜

  • @gatlatwal8499
    @gatlatwal8499 Рік тому

    Please help me calculate this problem Suppose the production is given as Q= F(56L^1/2 -12L+K^2+400)where the value of K=5unit then calculate elasticity of input at total output maximizing level of input

  • @kavitham6497
    @kavitham6497 Рік тому

    Thank you

  • @dibissaejeta4447
    @dibissaejeta4447 Рік тому

    Given utility function u(x1,x2)=max(@x1,Bx2), find mariginal rate of substitution

  • @jonathanngai5956
    @jonathanngai5956 Рік тому

    A tutorial of wrong teaching, nice.

  • @fatimajunejo3960
    @fatimajunejo3960 Рік тому

    Thanks

  • @Alex-wy4un
    @Alex-wy4un Рік тому

    Excellent. Thank you from Paris.

  • @YOSRfakhfakh
    @YOSRfakhfakh Рік тому

    I love how precise the interpretation was

  • @ironrevenant4528
    @ironrevenant4528 Рік тому

    THANKS

  • @erkinhilal3688
    @erkinhilal3688 Рік тому

    When the function is constant, can we say MRS doesn't change too as we move along to the curve ?

  • @seanybo777
    @seanybo777 Рік тому

    Constructively there is some snippets of wrong information in this video which should be addressed within the video as some people will be relying on these for revision whilst in Uni or school etc, this is a good channel but this isn't a great video find a different one students!

  • @esthermetieh6320
    @esthermetieh6320 Рік тому

    I have an intermediate micro quiz this morning and this has helped my understanding a great deal!

  • @victormendezrobles
    @victormendezrobles Рік тому

    even a graph makes me think of her :(

    • @victormendezrobles
      @victormendezrobles Рік тому

      her marginal rate of technical substitution had my isoquant at 0

  • @parthasarathidas7279
    @parthasarathidas7279 Рік тому

    best statistical economics channel I have come accross

  • @giftyboakye-boateng2323
    @giftyboakye-boateng2323 Рік тому

    Can the Hicksian substitute effect be used to discribe a perfect complement preference?