What is Theory of the Firm? | Introduction | IB Microeconomics | Market Power IB Exam Review
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@thempsls 5 жыл бұрын
You have a great way of bringing these theoretical concepts into tangible human interactions, I really appreciate that! I feel like a lot of the ib economics consists of memorizing diagrams rather than understanding the social science behind it! Thank you so much for your help!
@BradCartwrightEconomics 5 жыл бұрын
Hey Thea! Thank you so much for the kind words! Economics is human behavior, that's it. Then economist make it all fancy by drawing graphs to explain it--which is pretty cool, but can confuse the source of the information. We--you and me--are the source of the data. Remember that! You are awesome to be studying econ. Keep it up, good luck, and I hope you keep watching! Take care, Brad
@blueberriecheesecake 3 жыл бұрын
I was struggling with my notes from the past hour not knowing what theory of firms was. Glad i could ACTUALLY understand the theory and now I'll stop confusing perfect market and monopoly.
@twicethegalo 8 ай бұрын
My absolute shock upon hearing "Santiago, Chile" Woah..! Would be lovely to be part of your lessons in real life
@drkelly9784 2 жыл бұрын
The lesson is enjoyable
@aliyajamil2900 3 жыл бұрын
hey ! can we call an economic unit selling products also a firm or is it must that a firm must produce aswell?
@silvycare6214 4 жыл бұрын
What are your comments on how Galbraith interprets this theory of the firm?
@guyoflife 2 жыл бұрын
You skipped oligopoly
@drkelly9784 2 жыл бұрын
The lesson is enjoyable
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