The Short Run versus The Long Run

  Рет қаралды 355,289

jodiecongirl

jodiecongirl

Күн бұрын

This video outlines the economic distinction between the short run and the long run.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see www.economistsdoitwithmodels.c...
For t-shirts and other EDIWM items, see www.economistsdoitwithmodels.c...
By Jodi Beggs - Economists Do It With Models
www.economistsdoitwithmodels.com
Facebook: / economistsdoitwithmodels
Twitter: / jodiecongirl
Tumblr: / economistsdoitwithmodels

Пікірлер: 125
@rhemahhall6768
@rhemahhall6768 8 жыл бұрын
got an econ final tomorrow wish me luck
@sugun1993
@sugun1993 6 жыл бұрын
how was the exam, anyway?
@bobshoaunng2038
@bobshoaunng2038 5 жыл бұрын
me too brother
@blueforlife7863
@blueforlife7863 5 жыл бұрын
How was ur exam?
@deathstroke8639
@deathstroke8639 3 жыл бұрын
How was college?
@cybpiano2559
@cybpiano2559 3 жыл бұрын
5 years after, i am having a final tomorrow too.
@RubenGonzalezLeal
@RubenGonzalezLeal 10 жыл бұрын
I thought I hated economics, till I found you... You are great!
@SandraAnnEvans
@SandraAnnEvans 10 жыл бұрын
You have done a great and very clear presentation of these concepts. You have helped me better understand . . . THANKS!
@tenorsaxgal
@tenorsaxgal 6 жыл бұрын
Thanks! Very clear and understandable explanation of short run and long run. The textbook gave me about a line on each and it is not enough for me to understand! Subscribed :)
@tshirthero3305
@tshirthero3305 8 жыл бұрын
A) You are my new hero. B) I want that shirt.
@Paul-ih1vz
@Paul-ih1vz 11 жыл бұрын
I have been searching far and wide and this is the closest I have come to clearly understanding the difference between Short-Run & Long-Run. What did it for me was the explanation of the Short-Run with regards to the example of the firm having a fixed cost/sunk cost of a lease, BUT, what I don't quite understand is in the Short-Run, why the firm shuts down if P
@BeezyB777
@BeezyB777 10 жыл бұрын
Jodie,thanks for your video! You make it easy for me to understand!
@jipsy8
@jipsy8 9 жыл бұрын
You´re totally awesome. This helped me a lot. Greetings from Portugal! x)
@miyalatef2113
@miyalatef2113 9 жыл бұрын
Woah .. Excellent! I like economics even more now!
@mohanganeshkumar8798
@mohanganeshkumar8798 10 жыл бұрын
Well Explained Jodie! Very comprehensive..Thank You! So you now have a student from India too!
@akshatshxrma
@akshatshxrma 2 жыл бұрын
+1
@AbrasionUK
@AbrasionUK 4 жыл бұрын
Very clear and concise. Thank you.
@jangirboysourabh5026
@jangirboysourabh5026 Жыл бұрын
Studying abroad 😂 by this channel
@gmcnulty3
@gmcnulty3 10 жыл бұрын
i thought I hated economics, then this sealed the deal!
@lobsterlover12
@lobsterlover12 6 жыл бұрын
because of the girl?
@Ajeethpeo
@Ajeethpeo 6 жыл бұрын
So this confirmed that you hate econ? :D
@CelesteHowe
@CelesteHowe 10 жыл бұрын
Hi Jodi, thanks for the video....and I love you logo...great imagery!
@chess4640
@chess4640 5 жыл бұрын
you and your teaching skill are beautiful
@ashoshea3159
@ashoshea3159 8 жыл бұрын
Thank you! Very easy to understand :)
@senlong5715
@senlong5715 6 жыл бұрын
very clear and very helpful my current study and help me.to understand this point, thank so much!
@majidtan4084
@majidtan4084 2 жыл бұрын
Thank you miss. Your teaching is beautiful
@ArefinDipto
@ArefinDipto 5 жыл бұрын
Suggestion for u. If u r using premere and auditions, open clip in auditions select the background noise part then go to adaptive noise remover. That should remove most of the background static.
@mediocredee1909
@mediocredee1909 10 жыл бұрын
Now I understand what's the difference between long run and short run. Thank you. ;)
@sachidanandtripura5723
@sachidanandtripura5723 4 жыл бұрын
Tnk u mam for explaination in detail...upload more video to need diffrent concept of economic....
@rojo_buffalo
@rojo_buffalo 4 жыл бұрын
This was helpful, thank you!
@newtowon
@newtowon 9 жыл бұрын
Great Vid. Thanks for making it digestible!
@sreekarroy3082
@sreekarroy3082 Жыл бұрын
Hi there, can you please let me know if demand for electricity is elastic or in-elastics in long run?
@elzixd
@elzixd 11 жыл бұрын
Thank you! This has been really helpful, and hopefully will be useful for my next economics test. :)
@chandana3883
@chandana3883 3 жыл бұрын
hey, its been 7 years. how are u doing
@80ccDz90
@80ccDz90 Жыл бұрын
Hey it’s been 10 years how ya doin
@felipeesparza4913
@felipeesparza4913 10 жыл бұрын
ahhhh that shirt is awesome
@essilfiesamuel5419
@essilfiesamuel5419 8 жыл бұрын
U guys are really doing a gr8 job
@jesusosegueda1699
@jesusosegueda1699 9 жыл бұрын
You make it so easy!
@serahdeadsong3106
@serahdeadsong3106 6 жыл бұрын
Very helpful. Thanks!
@jodiecongirl
@jodiecongirl 10 жыл бұрын
Thanks, and you are very welcome! Stay tuned for a bunch more coming out.
@MrUsidd
@MrUsidd 3 жыл бұрын
Noiceeeee :') Fast and simple explanation :) More power to you.
@toothfairy4883
@toothfairy4883 9 жыл бұрын
Can someone please explain this to me? In the long run, economic profit for firms (assuming they are identical) will reach 0. However, I don't understand why P=ATC in the long run because if that is the case, the firms are making 0 accounting profit. Accounting profit and economic profit are 2 entirely different concepts, isn't she confusing the two?
@mangoesgonewild
@mangoesgonewild 10 жыл бұрын
Thanks for the vid!
@jerryramos1
@jerryramos1 10 жыл бұрын
great help! Thanks
@JericDacara
@JericDacara 5 жыл бұрын
This is Perfect Competition
@alyafey69
@alyafey69 4 жыл бұрын
Thank you very much!!! you really really helped me :)
@superduperdil
@superduperdil 5 жыл бұрын
Thanks for the explanation. The E-Text wasn't very thorough, so having someone explain it was great!
@mccorrypatrick1
@mccorrypatrick1 7 жыл бұрын
That helped! Thank you
@surananda
@surananda 8 жыл бұрын
Very helpful ...Thanks .
@kylejulius9596
@kylejulius9596 2 жыл бұрын
Finally! It makes sense, thanks so much!, where can I buy a shirt btw?
@aldrizafariq7005
@aldrizafariq7005 3 жыл бұрын
So we can make the assumption that in the long-run production economic profit are equal to zero, why firms stay in the market even though their economic profit equal to zero? anyone can help?
@ogeebashirarushdi5634
@ogeebashirarushdi5634 3 жыл бұрын
You are excellent sir
@paulswann9135
@paulswann9135 7 жыл бұрын
way better than my economics class.
@ismailxxx6632
@ismailxxx6632 7 жыл бұрын
Paul Swann ikr
@xKeViN12
@xKeViN12 11 жыл бұрын
It is because the fixed costs are paid no matter what. Therefore the firm only looks at the variable costs when trying to determine whether or not to shut down. Ex. if fixed cost is 5 dollars, variable cost is 3 dollars, and profit is 7 dollars, the firm would not shut down because P>AVC. The firm has to pay the 5 dollars anyway because it is a sunk cost, so they are only losing a dollar because ATC is 8 dollars. If they shut down, they lose 5 dollars because of the fixed cost.
@nicholstesla4914
@nicholstesla4914 6 жыл бұрын
Thank you
@diontaedaughtry974
@diontaedaughtry974 5 жыл бұрын
Fantastic
@matthewgray659
@matthewgray659 8 жыл бұрын
Nice shirt
@zuhaibazad1253
@zuhaibazad1253 2 жыл бұрын
Thanks mame for understanding to me
@tesfayyifter6804
@tesfayyifter6804 7 жыл бұрын
this is for which Grade sis and Thanks
@CynthiaLouann
@CynthiaLouann Жыл бұрын
FINALLY MAKES SENSE
@MrZacsim
@MrZacsim 8 жыл бұрын
slight bit more enthusiasm needed
@kyleygregg2420
@kyleygregg2420 4 жыл бұрын
Anyone else DEAD when she got a lil hood & said "they wanna get a piece of that action." LMFAOOOO
@strats1590
@strats1590 3 жыл бұрын
Shirt is goated
@AliHassan-pe5qf
@AliHassan-pe5qf 5 жыл бұрын
Plzzz simon ki theory bta dain shortrun and long run consumption function
@benjaminabraham3506
@benjaminabraham3506 4 жыл бұрын
How many of u are reading the comments instead of listening to her lecture☝️
@johnwiggins3950
@johnwiggins3950 4 жыл бұрын
you are. that is one of us!
@Harpreetsingh-pk2nt
@Harpreetsingh-pk2nt Жыл бұрын
Thank you mam😇🤗
@unclenattydread5828
@unclenattydread5828 9 жыл бұрын
I want a piece of that action. Economic profit that is.
@hannahjiang8889
@hannahjiang8889 9 жыл бұрын
Great !!!!!!!!!!!
@ankursggbrsavadikar4188
@ankursggbrsavadikar4188 6 жыл бұрын
Hey great video but I advise you to have subtitles cause I'm from India and sometimes it gets difficult to follow the accent.
@dattadogman9327
@dattadogman9327 5 жыл бұрын
Gawar
@Krisssss_21
@Krisssss_21 5 жыл бұрын
Love from India 🤘
@volkancanbolat5521
@volkancanbolat5521 5 жыл бұрын
My visa was 96 but final is scaring the shit out me
@gule41018
@gule41018 11 жыл бұрын
can u take the test for me tomorrow..
@junesherwood1260
@junesherwood1260 9 жыл бұрын
Are you saying "price" instead of "profit"? For example: P
@owenlum101
@owenlum101 9 жыл бұрын
it's Price :)
@sandhdz4
@sandhdz4 8 жыл бұрын
in a perfectly competitive market and a long run equilibrium a firm will earn how much pure profit? ... anyone
@vaibhav3874
@vaibhav3874 4 жыл бұрын
zero economic profit :) hope this helps (ik, only 4 years late).
@khanu1731
@khanu1731 4 жыл бұрын
Thanks help full madam
@NatsFan18
@NatsFan18 9 жыл бұрын
The actual reason I searched this topic would be easier to focus on if she wasn't so pretty haha
@TACC5
@TACC5 11 жыл бұрын
want a piece of this action?
@superonline99
@superonline99 6 жыл бұрын
Where can i get this shirt?
@tarkang657
@tarkang657 6 жыл бұрын
ok
@jubzahm4740
@jubzahm4740 9 жыл бұрын
all cost are not avoidable but are variable i think
@phajej1993
@phajej1993 10 жыл бұрын
u are incredible my lady..and ur very very beautiful i wish u the best in life
@sarthakgoyal6047
@sarthakgoyal6047 3 жыл бұрын
I am a science student don't know a thing about economics but i don't know what i am doing here 😍
@satyendra6587
@satyendra6587 3 жыл бұрын
You're a simp!
@AllAboutJailbreak
@AllAboutJailbreak 7 жыл бұрын
I think economists do it with models..
@sufiyan_8504
@sufiyan_8504 Жыл бұрын
0:01 is it only my mind🗿👀??
@charlied8069
@charlied8069 10 жыл бұрын
Please wear a mask, winter jacket, and use a voice synthesizer. I find that I have to watch your videos 3 or 4 times because I start thinking about your curves. However, they are very helpful if I can turn my inner man off and focus. It is your videos that are getting me through my classes. My professor is nice but she loses her train of thought all of the time and is hard to follow. Thank you very much! Oh and BTW, I want to marry you. Haha lol!! No serious!!!
@crownoverdavid
@crownoverdavid 11 жыл бұрын
I honestly thought she was gonna talk about running
@tractorfan19
@tractorfan19 5 жыл бұрын
and this is what happens when you dont go to class
@arnabgorai6746
@arnabgorai6746 5 жыл бұрын
I love you
@_Rafiki.
@_Rafiki. 5 жыл бұрын
Oh... Nothing about running here. Still stayed for the whole lesson though. #AccidentalStudent
@ibrahimalbalushi6105
@ibrahimalbalushi6105 7 жыл бұрын
hello how are you? I'm asking for email address to ask you some question in economic
@amirloneofficial4778
@amirloneofficial4778 5 жыл бұрын
mam plz discuss about multiplayer
@riteshbhardwaj8820
@riteshbhardwaj8820 3 жыл бұрын
2020 corona time
@sanjaybansal4950
@sanjaybansal4950 6 жыл бұрын
plz.hindi me explain kriye
@gachiismanly6412
@gachiismanly6412 4 жыл бұрын
STFU assole.
@bonnogeerse297
@bonnogeerse297 6 жыл бұрын
She surely maximizes my utility...
@JonathanBrizuela
@JonathanBrizuela 11 жыл бұрын
WOW thats hilarious!
@Itshimitshim
@Itshimitshim 10 жыл бұрын
thanks baby.
@18steps
@18steps 11 жыл бұрын
i'll pay u with compliments..:)
@dagmawittarekegn2957
@dagmawittarekegn2957 3 жыл бұрын
That was an awesome teaching but you could smile a bit more
@MKCWB
@MKCWB 8 жыл бұрын
انتي يبغالك زط
@DevilMG
@DevilMG 4 жыл бұрын
Am I the only one getting distracted and staring at her face???
@hawwamaaee1397
@hawwamaaee1397 2 жыл бұрын
Voice is too low
@S.OLABI.
@S.OLABI. Жыл бұрын
bro it is 10 years ago
@hawwamaaee1397
@hawwamaaee1397 Жыл бұрын
@@S.OLABI. so ??
@S.OLABI.
@S.OLABI. Жыл бұрын
@@hawwamaaee1397 good that she even could upload that 10 years ago , and u want her to adjust the voice also!!
@hawwamaaee1397
@hawwamaaee1397 Жыл бұрын
@@S.OLABI. yeah so ??
@marko384
@marko384 3 жыл бұрын
Awful
@tusharmoradiya5743
@tusharmoradiya5743 6 жыл бұрын
Thank you
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