Microeconomics Unit 1 COMPLETE Summary

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Microeconomics Unit 1 COMPLETE Summary - Economic Thinking

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ReviewEcon

Күн бұрын

Пікірлер: 143

@pedropinheirokarate9537 3 ай бұрын

Who is here the day before the exam?

@ReviewEcon 3 ай бұрын

Me! 😅 Good luck tomorrow!

@belaalviz6502 3 ай бұрын

yeah i might be cooked

@chicagolanddesigns6447 3 ай бұрын

@@belaalviz6502same here

@jas-ox2bb 3 ай бұрын

i wish everyone who is watching this and taking the exam the best of luck

@ReviewEcon 3 ай бұрын

🤘😎 Yes! No mercy for that exam tomorrow!

@sonikanallapu1481 3 жыл бұрын

cramming the day before the ap exam :)

@ReviewEcon 3 жыл бұрын

Good luck on the exam!

@Coal-RubL Жыл бұрын

This > crash course

@raashiatwani269 7 ай бұрын

Same

@ReviewEcon 7 ай бұрын

@raashiatwani269 good luck to you too!

@saruul2618 3 жыл бұрын

Thx, a lot. You are clearly underrated but you provide more indebt information than others I've watched. Your concepts are more current and you don't leave out anything. You also provided free practice content unlike others. Keep up the good work, and i will also continue my studies!

@ReviewEcon 3 жыл бұрын

Thank you very much for the kind words! Good luck with your exams!

@AggreySakwa Жыл бұрын

I'm very proud of you. Go.....goooo

@lilgrey8363 Жыл бұрын

bro said “indebt” 💀

@aroujekld 2 жыл бұрын

Those input and output opportunity cost formulas actually saved my life!! Thank you so much for being an econ teacher whose explanations make sense!!!

@ReviewEcon 2 жыл бұрын

Awesome! I'm glad my explanations and formulas worked for you!

@MarisaAvilla Ай бұрын

Out of all the microeconomics videos I have been watching and I have been watching a lot, I think your videos make the most sense to me!!

@ReviewEcon Ай бұрын

Awesome! Good luck with your studies! 😄

@miketran5328 7 ай бұрын

Thanks for the review! I hope I do well on my Unit 1 test tomorrow!!

@ReviewEcon 7 ай бұрын

I hope that test went well! 🤞🤞🤞😄

@iceesky 2 жыл бұрын

You're one of the reasons I got a surprisingly high grade for macroeconomics last semester. I now have microeconomics and I'll definitely watch your vids for this topic too :D

@ReviewEcon 2 жыл бұрын

Awesome! I am so glad my videos helped. Good luck with Micro!

@stacia6678 8 ай бұрын

OH MY GOD SOMEONE ELSE WITH THE SAME PFP :))) :00000

@MarisaAvilla Ай бұрын

I really appreciate your help!! I do not think I would still be in my class if it was not for your videos.

@ReviewEcon Ай бұрын

I'm happy to help! Good luck on your exams!

@Senpai_Kunn 6 күн бұрын

Its been two weeks in my class and i got a 5/7 on my first quiz and still have a hard time. I don’t wanna say its my teacher fault but at the same time he doesn’t go into detail with the unit , so thank u for this!!!

@ReviewEcon 6 күн бұрын

I wish you the very best of luck on the next quiz! You got this! 😄

@mariaa8659 4 ай бұрын

Thank you so much for your videos! I love the free games too. I had to miss out on a whole semester of college due to having a baby so I'm hoping to pass the CLEP exam to get the missing credits quick. My exam is in two days and I gave myself a little over a week to study. Your videos help a lot, love your calm demeanor.

@ReviewEcon 4 ай бұрын

I'm so glad you have found my videos helpful! Good luck on your exam!

@azamatshazhiyayev4267 2 жыл бұрын

you are the best, bro! college board videos do not help as much as your videos. message from Kazakhstan.

@ReviewEcon 2 жыл бұрын

Awesome! I'm so glad my videos are helping. Good luck with your exams!

@AtomicSquid5433 Жыл бұрын

I feel dumb, I keep coming back. I've watched this like 10 times already =-= You did a great job, I just keep forgetting some of the basics.😅

@ReviewEcon Жыл бұрын

You aren't alone. Economics is so different from other classes, it's difficult to remember it all! Good luck on your exams!

@Vaten0x 3 жыл бұрын

Subscribed, please keep up with these amazing works :) It's crazy man. When I get a 3 or 4, I'll surely response a bunch of thanks again.

@ReviewEcon 3 жыл бұрын

Good luck on the exam! You got this!

@user-je4kv3yu3e 7 ай бұрын

i watched your videos for ap exam and now back for college econ class, thanks you for making those great videos

@ReviewEcon 7 ай бұрын

You're very welcome! Good luck with the new class!

@lyn.leavespetals1926 3 жыл бұрын

Omg!! You are brilliant! Explanations are simple and easy to understand. So helpful for some of us new to this.

@ReviewEcon 3 жыл бұрын

Thank you! I'm so glad my video helped! Good luck with the year. 😀

@sarankannan6871 3 жыл бұрын

Budget Jacob Clifford but WAYYYY better. thanks for the great video!

@ReviewEcon 3 жыл бұрын

That is very kind. Thank you!

@singingLeaf123 3 жыл бұрын

@@ReviewEcon You are the best. You are a god. OG

@elifoktem8906 3 ай бұрын

I cannot explain how much this helped me. Thank you A LOT!! ❤

@ReviewEcon 3 ай бұрын

I'm so glad! Good luck on your exams!

@abshirmohamed1272 3 жыл бұрын

i actually understood everything you said. the way you explained everything was easy and nice. thank you sir.

@ReviewEcon 3 жыл бұрын

You're very welcome!

@angeangela-y6d Жыл бұрын

thank you for all the review videos for macro and micro! really coming in clutch when studying for the ap exams

@ReviewEcon Жыл бұрын

You're very welcome! Good luck tomorrow!

@angeangela-y6d Жыл бұрын

@@ReviewEcon thanks! yea i crammed for macro yesterday, and now cramming for micro today 😂

@ReviewEcon Жыл бұрын

Good luck tomorrow as well!

@aawesome8119 2 жыл бұрын

Actual legend, thank you! I'm currently preparing for the AP Micro exam on Friday this week and you are sure to be a big help. I'm going to watch every video in this playlist

@ReviewEcon 2 жыл бұрын

You're very welcome! Good luck on your exams!!

@user-bh8if1jr2x Жыл бұрын

any tips for the AP micro

@ReviewEcon Жыл бұрын

I would suggest you do some practice MC and see if you can identify where you are struggling. Prioritize those topics. Also make sure you practice drawing all the graphs. See reviewecon.com for lots of practice games including graph drawing practice drills. Good luck!

@ComB4tZ 3 ай бұрын

Outstanding teaching sir! This would help me ace my exams

@ReviewEcon 3 ай бұрын

Good luck!

@abstraction6266 4 ай бұрын

First, I would like to thank you for your efforts and the free and absolutely useful content you provide us. Secondly, I wanted to ask if you can help me with this question, it is an official question from AP classroom: A production possibilities curve can shift inward if there is (A) an increase in productivity (B) an increase in unemployment (C) an increase in the price of raw materials (D) a misallocation of resources (E) a natural disaster Arent B , D, E , all correct answer choices!? I memorized the mnemonic "DUN" to memorize that. I am confused how E is the correct answer

@ReviewEcon 4 ай бұрын

I don't know the DUN mnemonic, but unemployment won't shift the curve inwards because the PPC is the maximum possible production with all resources being used. Unemployment means the point of production moves inwards (actual production decreases but possible production doesn't change). But the curve doesn't shift because the unemployed workers COULD produce. They just aren't producing because. Misallocation also doesn't change possible production just actual production. The curved moves from changes in the quality or quantity of resources. I cover the PPC more completely here: kzfaq.info/get/bejne/fa6ZpcufxLaWpps.htmlsi=iF4sBIjhXnu7_Tes

@abstraction6266 3 ай бұрын

@@ReviewEcon Omg thanks so much for taking the time and answering me. I am really grateful and got the point. Thanks again!

@alecsn1087 2 жыл бұрын

Thank you for making these videos! They are helping me succeed in my class

@ReviewEcon 2 жыл бұрын

You're very welcome! Good luck on your exams!

@saraabdii9268 3 жыл бұрын

Thank you for teaching more than my prof!

@ReviewEcon 3 жыл бұрын

You're very welcome! Good luck with your exams!

@user-xr5fu9rq8c Жыл бұрын

Your lecture here is the best. Keep going

@ReviewEcon Жыл бұрын

Thank you!

@virginiajelimo4682 Жыл бұрын

Am lost with the opportunity cost. Will come back and go through it again. Thank you

@ReviewEcon Жыл бұрын

It can be tricky. My advice is to focus on the choice. Opportunity costs are the explicit and implicit costs of a choice added together. Good luck with your studies!

@virginiajelimo4682 Жыл бұрын

@@ReviewEcon thank you sir

@PatriciaAmoah-wu5no 4 ай бұрын

Thank you for making this video

@ReviewEcon 4 ай бұрын

You're very welcome! Good luck on your exams!

@samrudhghanta1848 4 ай бұрын

thank you so much! i just wish i discovered ur vids earlier lol

@ReviewEcon 4 ай бұрын

Better late than never! Good luck! 😄

@aidenmann6190 Жыл бұрын

Thanks!

@ReviewEcon Жыл бұрын

You're very welcome!

@kamilmohamet3152 Жыл бұрын

Great summary and explanation. Thank you for the effort

@ReviewEcon Жыл бұрын

You're very welcome! Good luck on your exams!

@saharahmad8523 2 жыл бұрын

great video i love that you explain at a slow pace so its easy to follow!

@ReviewEcon 2 жыл бұрын

I'm glad you like it! I go a bit faster in future units, but feel free to slow me down with the KZfaq speed settings. 😀

@jemaicacortez6088 3 жыл бұрын

Oh wow thank you for this video. Really helps me a lot for my major subject 😊😊

@ReviewEcon 3 жыл бұрын

You're very welcome!

@user-ro2po4fk9e 8 ай бұрын

Thank you so much!

@ReviewEcon 8 ай бұрын

You're very welcome! Good luck on your exams!

@sahitihibane 3 жыл бұрын

Your videos are really helpful. Thank you so much!

@ReviewEcon 3 жыл бұрын

Awesome! Your are very welcome!

@ilikechips2596 4 ай бұрын

i think 16:12, for Henry, 1 T Zucchini should be 5/3 T Strawberries, not 2/3

@ReviewEcon 4 ай бұрын

You are correct. Check that again though. It actually says 1 2/3, and that is equal to 5/3. 😄 So we're on the same page! Good luck on your exam!

@ilikechips2596 4 ай бұрын

@@ReviewEcon oh my bad, thanks for the clarification!

@ReviewEcon 4 ай бұрын

@ilikechips2596 no worries! Easy mistake to make.

@dillonroberts4904 4 жыл бұрын

great video! keep up the good work 👍

@ReviewEcon 4 жыл бұрын

Thank you for the kind words! I will keep working! :-)

@evelynchaambwa1866 Жыл бұрын

Thank u so much u r the best

@ReviewEcon Жыл бұрын

You're very welcome!!

@myplace571 11 ай бұрын

Hello, i might be mistaken but i recently finished unit 1. I stuided it through khan academy and this video condridicts what i learned about fidning opportunity cost. arent the values supposed to be the opposite? for example: 1 Break job from amy is 6 not 1/6. according to what i learned.

@ReviewEcon 11 ай бұрын

You have the fraction flipped because this is an input question. Hours of labor are an input. Remember it takes Amy 1 hour to do a break job and 6 hours to paint a car. Since it takes her six times as long to paint a car then do a brake job she cannot be losing 6 Painted cars every time she does a brake job. The math here is the it over formula for inputs. The opportunity cost of brake jobs is the number we have for brake jobs divided by the number we have for a painted car, which is 1/6. If this was an output question then it would be 6. I hope that helps! Good luck with your studies!

@myplace571 11 ай бұрын

Oh thank you so so much for replying. This clears everything for me, i guess i didnt understand inputs and outputs before. Thank you again !!@@ReviewEcon

@ReviewEcon 11 ай бұрын

You're very welcome!

@Coal-RubL Жыл бұрын

Its honestly ridiculous how much better this shit is than crash course

@ReviewEcon Жыл бұрын

I'm glad you liked it! Good luck with your studies!

@haseenamoulana228 5 ай бұрын

I dont see the link in d comments?,but loved ur teaching ❤

@ReviewEcon 5 ай бұрын

It's actually in the description. 😅 Thank you!

@bobbyhe8090 3 жыл бұрын

Thank you, sir, your video is really helpful.

@ReviewEcon 3 жыл бұрын

You're welcome! Good luck with your exams!

@user-ck5is2pg9y Жыл бұрын

cramming everything before AP Exam 05-04-23.

@ReviewEcon Жыл бұрын

Good luck tomorrow!!

@milikamumba3717 2 жыл бұрын

Thanks a lot.

@ReviewEcon 2 жыл бұрын

You're welcome!

@mukumms4010 2 жыл бұрын

Basic topics but very useful

@ReviewEcon 2 жыл бұрын

Yes! We start with the basics in unit 1. Thank you!

@tawongaosman8576 Жыл бұрын

Thanks alot

@ReviewEcon Жыл бұрын

You're very welcome!

@madison-mj6ne Жыл бұрын

cramming 2 days before 😍😍

@ReviewEcon Жыл бұрын

Good luck on your exams!

@madison-mj6ne Жыл бұрын

ty!😊

@Leoargentin Жыл бұрын

Sir thanks for help 🙏🏼

@ReviewEcon Жыл бұрын

You're very welcome! Good luck on your exams!

@Leoargentin Жыл бұрын

Thanks you so much once again.

@julianallan8270 Жыл бұрын

Why does 1.5 come before 1.3 and 1.4???

@ReviewEcon Жыл бұрын

The numbers are the topics as laid out by the College Board CED. I put them in the order I think makes most sense for the video. 😀

@julianallan8270 Жыл бұрын

@@ReviewEcon Thank you for your thoughtfulness

@ReviewEcon Жыл бұрын

You're welcome!

@KeliKatheya Жыл бұрын

Awesome

@ReviewEcon Жыл бұрын

Thank you for watching!

@user-ye6ln4xy2o Жыл бұрын

❤best ever😊

@ReviewEcon Жыл бұрын

Aw! Thank you! Good luck with your exams!

@Kyle00112233 3 жыл бұрын

He never moves his right arm... I wonder if he injured it in the war?

@ReviewEcon 3 жыл бұрын

😂 nope, no injury. Just holding the clicker so I know what's coming next.

@bjbunjk440 Жыл бұрын

i love you

@ReviewEcon Жыл бұрын

As much as I love Econ!?😅

@isiahcurry1593 7 ай бұрын

Yeah I’m glad I dropped college. Not for me.

@ReviewEcon 7 ай бұрын

😢 Good luck moving forward! You'll be using econ your whole life whether you know it or not! 😉

@LoveVanillaRose 3 жыл бұрын

Scarcity is a lie. We live in an abundant world.

@ReviewEcon 3 жыл бұрын

While I understand your point, I have to disagree. Even if there are enough resources to satisfy everyone's needs of food, clothing, and shelter. Scarcity means they're aren't enough resources to satisfy everyone's wants, and considering how much so many humans want, it's clear to me scarcity is inescapable.

@LoveVanillaRose 3 жыл бұрын

@@ReviewEcon Humans in control impose false scarcity on those who don't understand.

@ReviewEcon 3 жыл бұрын

I certainly agree that some people in power have made the problems of scarcity worse for others.

@nicknames5325 3 ай бұрын

Those tests are so lame and all that nonsense as welI. I know people not graduating H.S and do better financially than those who graduated from college having major in economics. LMAO. No wonder people don’t know what to do with money these days, hahaha.

@ReviewEcon 3 ай бұрын

Those people certainly exist, but economics majors do quite well on average. But everyone gets to live their own lives. I wish you good luck!

@user-xr5fu9rq8c Жыл бұрын

Send the link to my email because the below here doesn't work out

@ReviewEcon Жыл бұрын

Not sure what link you're referring to and I don't have your email address. 🤷‍♂️