Chapter 2: Thinking Like an Economist

Рет қаралды 90,418

4 жыл бұрын

The scientific method 0:14
Models 2:21
The circular flow diagram 4:27
The production possibilities frontier 10:06
Using the PPF to see the opportunity cost 14:01
Increasing cost PPF vs constant cost PPF 19:00
Shifts in the PPF 20:20
Positive economic statements vs normative economic statements 20:28
Dr. Azevedo
Department of Economics
University of Central Missouri

Пікірлер: 82

@thaixp5495 2 жыл бұрын

23mins of this video is more helpful than 4 hours of me sleeping in class lol

@busraaybi2034 2 жыл бұрын

that is literally me lol

@Giuoro 2 жыл бұрын

true

@ManusiaBiasa-jk5ru 2 жыл бұрын

hey, can you give me the title of a book about economics and accounting for beginners entering college

@Abd-ts6vd Жыл бұрын

After 4 years of graduation, I finally got something really really useful 😍. Bundle of thanks Sir for being here with us.

@DrAzevedoEcon Жыл бұрын

Glad to help!

@redraushan Жыл бұрын

The best part of having internet is I can watch and learn from content like these at anytime, appreciate the effort you're putting.

@DrAzevedoEcon Жыл бұрын

Glad to help!

@favourshipalani6712 4 күн бұрын

High dynamic quantity quality content 💪❤

@lanaalshehri9032 Жыл бұрын

i have an exam tomorrow and this really helped me understand 42 slides in just 23 minutes! keep up the good work

@DrAzevedoEcon Жыл бұрын

I hope you did well on the exam!

@kartik6764 10 ай бұрын

Iit bombay?

@lindahmutantabowa5549 2 жыл бұрын

This is my first semester in economics and finance and can say economics is becoming interesting with all your teachings Dr

@notafanofpots5244 Жыл бұрын

What course you're doing?

@OkeanaOrozova 2 жыл бұрын

The best economy channel EVER!!!!!!!!! Thank You!

@mattdavis1839 2 жыл бұрын

These are fantastic, thankyou for putting these out.

@tushiyakey9677 Жыл бұрын

Thank you. I was giving up on my studies due to vague information but this is making sense to me. Bless you.

@t.1433 2 жыл бұрын

Thank you so much, it's very helpful! Hoping you'll film soon some more :)

@tracyann1983 2 жыл бұрын

This was so helpful. I was so lost in macroeconomics this made so much sense

@yasminelgamily8093 3 жыл бұрын

Thank you Dr, it was a very helpful video, keep going.

@sabrayahya89 3 жыл бұрын

Thanks Dr. ...it was a clear presentation

@Colimotl1 Жыл бұрын

thanks a lot for the time that you have put to make this happen.

@seavpaofang6439 2 жыл бұрын

A million thanks, professor

@Payam-hg3xi 2 жыл бұрын

great Dr. it's great.

@joseserrano390 2 жыл бұрын

Thanks for your incredible work Dr! Keep it going! This is the first economics course that I have actually found useful.

@farzanamim1829 3 жыл бұрын

Thank you... I really like your videos..

@SarahKrohn 3 жыл бұрын

these are very helpful videos!

@josec.6504 Жыл бұрын

Great information and excellent teaching thought simple examples.

@DrAzevedoEcon Жыл бұрын

Thank you!

@summerjho2781 Жыл бұрын

Thank you very much!!

@irenewang839 3 жыл бұрын

really helpful!!!thx!!!

@joshuaepstein1488 2 жыл бұрын

Thank you prof!!!!

@user-hu1qj5qs3n 3 жыл бұрын

Hey Dr.! I really love your videos? Would you pls update more?

@user-cj7ox8rk9d Жыл бұрын

As an engineer, your lectures made me interested in the subject economics.

@DrAzevedoEcon Жыл бұрын

Great! People who are comfortable thinking analytically, such as engineers, usually like economics.

@yotambronsky9990 2 жыл бұрын

would be awesome to hear* this content on spotify!

@Nushath 6 ай бұрын

Thanks for your time, it is really worth

@DrAzevedoEcon 6 ай бұрын

Glad to help!

@okwareemmanuel3491 2 жыл бұрын

Thank you so much

@yousufsalim6798 2 жыл бұрын

Hi doctor Is there a video in your channel that take a bout Consumer Choice Theory?

@bogasaiteja8968 3 жыл бұрын

Thanks a lot sir

@asthaqahamed3538 2 ай бұрын

Thank you. Dr

@DrAzevedoEcon 2 ай бұрын

Thank you for watching!

@snehasorout2413 8 ай бұрын

It is really helpful. Thank you so much

@DrAzevedoEcon 6 ай бұрын

You're welcome!

@LakshayGupta_ Жыл бұрын

Love From INDIA 🇮🇳♥ ~high School Student

@DrAzevedoEcon Жыл бұрын

Greetings! Good luck with classes!

@yuliapodlutskya9259 2 жыл бұрын

Hey, Doc. Thanks for video I have a question in terms of comprising costs between computers and cars. Why at the beginning did we have 1,000 cars and 3,000 computers, but lately you calculated, that 1 car is 2 comp?

@DrAzevedoEcon 2 жыл бұрын

We never had 1,000 cars and 3,000 computers....we actually had these two options: 1,000 cars and zero computers OR zero cars and 3,000 computers. The endpoints of the PPF just represent two of the infinite number of combinations of cars and computers.

@yuliapodlutskya9259 2 жыл бұрын

@@DrAzevedoEcon Thanks for the answer!

@tapiwadenzel4064 4 ай бұрын

your examples 🤣🤣made me pass the exam 🤛🤛

@dilipbose194 2 жыл бұрын

Great.

@Wearenick 10 ай бұрын

Very good video.

@DrAzevedoEcon 10 ай бұрын

Thanks!

@mariam-ow8hq 9 ай бұрын

thank you so much

@DrAzevedoEcon 9 ай бұрын

You're welcome!

@vuochkhinhleng7962 3 жыл бұрын

When PPF is linear? And when PPF is bowed-shape?

@DrAzevedoEcon 3 жыл бұрын

The PPF will be linear when the technology and inputs used to produce the two outputs are identical. If the technology and/or inputs is specialized, the PPF will be bowed out.

@srinivasaraovalluru4429 2 жыл бұрын

Could you please give note to the topics

@revanthupadhyayula9976 Жыл бұрын

can i get the notes of microeconomics to study for my university exam

@noizzy1306 Жыл бұрын

This is an excellent and truly informative program. If may I there's information about the book, but I can't find which one? What is the title of that book? Thank you for the info.

@DrAzevedoEcon Жыл бұрын

Thanks! It is based on Mankiw's Principles of Economics textbook.

@noizzy1306 Жыл бұрын

@@DrAzevedoEcon Thank you, really appreciate. I'm from ex bolsheviks country originally and perfectly understand what's different between a free market vs. planed economy. It's like day @ night. The best.

@brodiemusic5769 3 жыл бұрын

Hey Doc. What is the textbook that this lecture is based off of?

@KnobtownSkiffleBand 3 жыл бұрын

Mankiw: Principles of Economics

@muhammadzulfanabdusyakur3264 9 ай бұрын

thanks a lot doctor, may Allah guide you

@DrAzevedoEcon 6 ай бұрын

Glad to help!

@lilbist Ай бұрын

Hello, sir, could you please tell me the name of the book for the principles of microeconomics, I'm actually quite confuse, which book should be good, could you please suggest me any author.

@superLynniebabes 2 жыл бұрын

You reference the book - how can I get a copy of this book what is the title author

@DrAzevedoEcon 2 жыл бұрын

The textbook is Principles of Economics by Mankiw. You can find older editions of it on eBay, Amazon, etc.

@samuelmibenge2745 2 ай бұрын

HI DR. AzeveoEco n as a complete (and when i mean complete it's reaaaaly complete) beginner to econ and here to learn econ to learn finance after can i get some advises ? Like where should i stop in the economics lectures and where can i study finance ? do you know a felow professor teaching like you the field of finance ? any book advises ?. Also and of course thank you very much for your hard work. Samuel. From Belgium.

@DrAzevedoEcon 2 ай бұрын

I'm not aware of anyone who has similar videos for finance. Are you looking for information on basic finance? If so, the Mankiw textbook has a chapter called The Basic Tools of Finance. I don't yet have a video for that chapter.

@danielk.5890 6 ай бұрын

Does anyone know what book 📕 he is referring to at the end? Thanks a lot ❤

@DrAzevedoEcon 6 ай бұрын

I use Mankiw's Principles of Economics.

@danielk.5890 6 ай бұрын

@@DrAzevedoEcon thank you very much for all your efforts and the swift reply. Your courses are tremendously helpful and very much appreciated. Greetings from Zurich, Switzerland 🇨🇭

@evilslayer1375 2 жыл бұрын

Watching this video before the day of examination, lol

@aliawael1863 2 жыл бұрын

how is he writing normally when he is faced to us??

@letranmyduyen6583 2 жыл бұрын

reflection effect i guess :))) like we take a selfie

@balnure8730 4 ай бұрын

😊😊😊😊

@christianniyokwizerwa 2 ай бұрын

He pronounce 'this point' like steve jobs...

@m.hoeller04 2 жыл бұрын

Thank you for this Video! Turn to Jesus before it`s too late, He died for you and your sins on the cross. God bless you!

@rehanhashmi8083 2 жыл бұрын

Jesus( peace be upon him) or Isa Alaihissalam was a prophet of Allah swt. Turn to Allah before it's too late. Please research about islam and Allah will show you the truth.