Moving Parts Gaming the same is with me

Who does a masters in economics? Either you do your PhD or go to work.

you hate to see it

uhm a bachelor is quite useless so @@barovierkevinallybose1040

Dear Henok Fasil, thank you for your kind comment and thanks for watching!

Thanks +David Rahbani !

Dear +David , We just uploaded our fourth video to our series on Game Theory. It's about the Battle of the Bismarck Sea, we hope you find it interesting! kzfaq.info/get/bejne/aKp0jNeVmqyohZ8.html If you like it, spread the word! Thanks for watching, The Policonomics Team

And you can forget the whole lot, because this whole argument is utter nonsense. Ask yourself - is this really how people work? And if you agree it's not, then you need to read Steve Keen's book "Debunking Economics" in which he demolishes neoclassical economics in its entirety. Good luck with you degree! :-)

Thanks +Acnotin Forever !

Dear +wisterias , Thank you very much for your comment! Regarding IE and SE, have you watched our video? Here it is, in case you missed it: kzfaq.info/get/bejne/rZ-qkqxemre-YKM.html Thanks for watching! The Policonomics Team

Thanks +Parag Jain ! Regarding the price consumption curve: it corresponds to the curve that joins different equilibria points when price varies. In other words, when price changes, we move to another indifference curve, and look for the point of tangency with the new budgetary restriction (given by the new price). If you do so multiple times, you'll be able to build the price consumption curve. Thanks for watching!

Dear +WashingtonMonster86 , The indifference curves are placed that way to ease the graphical representation. We wanted to be able to clearly show what the income and substitution effects look like in this example. Of course, there is an infinite number of ways we could have drawn this diagram. However, in order for it to be a normal good, B had to be to the right, and C between A and B. If there are positioned in any other order, you'll end up with a good that will be either inferior or independent. At the end of the video we cover these scenarios in a table, in order not to draw four other diagrams. We hope this answers your question! Thanks for watching! The Policonomics Team

Thank you +Raavi Aggarwal !

Dear +Benny Kabwela, Thank you! You can learn more about Slutsky's analysis in this video: kzfaq.info/get/bejne/rZ-qkqxemre-YKM.html Thanks for watching! The Policonomics Team

Thank you +Muhammad naqeeb ! We have just uploaded a new video on subadditivity: kzfaq.info/get/bejne/p71pfKmltd-ag4E.html Best, The Policonomics Team

Dear +wisterias , We didn't plan to do any videos on auctions, bidding and bargaining. However, your request is much appreciated, and we'll develop some in the future. In early 2016 we'll be uploading a next series, on Game Theory. We hope you like it! Best, The Policonomics Team

+Policonomics Awesome, thanks! Need some help on game theory too 😂

Dear +wisterias , We just uploaded our fourth video to our series on Game Theory. It's about the Battle of the Bismarck Sea, we hope you find it interesting! kzfaq.info/get/bejne/aKp0jNeVmqyohZ8.html If you like it, spread the word! Thanks for watching, The Policonomics Team

Dear Aditi Rawat, The income consumption curve joints point of optimal consumption of bundles of goods given an income. In this case, consumption of good X is drawn in the X-axis and consumption of good Y is drawn in the Y-axis. For instance, let's say for income=I1 we have a consumption of 2X,3Y, and we call that point A. Then let's say for I2 we have 5X,7Y, and we call that point B. And so on. The income consumption curve joins point A, B, C, D, etc. The Engel curve can be derived from the incoe consumption curve, but they are not the same thing. The Engel curve shows consumption of one good (X-axis) at different levels of income (Y-axis). Thanks for watching!

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.

Thanks for watching Arshad!