Microeconomics is not limited to studying a single entity like a product or industry. It examines the behavior and decision-making processes of individuals, firms, and markets. This can include analyzing groups of products or industries to understand broader economic principles such as supply and demand, pricing strategies, and market competition. By looking at multiple sectors, microeconomics can reveal how different industries interact, respond to changes, and contribute to overall economic efficiency. Thus, it provides a comprehensive view of economic activities at various levels, encompassing both individual markets and their interconnections.
@HisMonDonАй бұрын
who else got this from the ultimate review packet (iykyk) 🤫
@Ksn-t9wАй бұрын
I love this, all of these vids in this playlist. BIG THANK YOU 🙏🏽
@sachinthaniabeynayake412 ай бұрын
Thanks ❤
@Y2k90s2 ай бұрын
Girl I'm still confused 😭😭
@user-tv9cg2ct6u2 ай бұрын
how did youwind up at 52
@user-tv9cg2ct6u2 ай бұрын
the more equilibrium the higher the bar,right?
@user-tv9cg2ct6u2 ай бұрын
whathow do you know the limit to the equilibrium?
@user-tv9cg2ct6u2 ай бұрын
im having a hard time conceptualizing this illustration can explain how you did the math?
@PrkrS2 ай бұрын
Erm what the sigma
@MLDuncan3 ай бұрын
🎯 Key Takeaways for quick navigation: 🧠 Economics is the study of how people choose to use scarce resources to satisfy their unlimited wants. 🌍 Everyone has unlimited wants but limited resources, necessitating choices. 💰 Scarcity is when there's not enough of something to satisfy everyone's wants at zero price. ⚖️ People make choices based on rational self-interest, weighing pros and cons. 🤔 Choices considered rational depend on the individual's parameters and perspective. 🔑 Understanding scarcity and choice is key to understanding economics. 💸 Pricing is a way to allocate scarce goods and services. 🌐 Even seemingly free goods like air can become scarce. Made with HARPA AI
@smokyrobinsyn3 ай бұрын
It’s like this steak it can be under/over cook and it will be ok. But when it’s cooked just right. It’s heavenly tasting. Equilibrium price& quantity!!
@meriemeennajah74593 ай бұрын
thank you
@anonymous-ju7sj3 ай бұрын
Here in 2024, ty this helps a lot
@ClarkWilliam-bm4vh3 ай бұрын
yeah but how do you get TU? you dont show that
@gabrielledavis18274 ай бұрын
I love your little videos that were recommended by my economics professor. However, I don't know if you realize this or not, but when you show angelina ... you say she can help produce 14 banners, but only 12 banners are showing ... just wanted to point that out. LOL
@berkaykaracay73484 ай бұрын
still valid
@offlas324 ай бұрын
still useful for my PEC class
@shahlahemmati62064 ай бұрын
That was a great explanation for elasticity. Thanks so much!
@bookwyrm5394 ай бұрын
I hate to break it to you, but our government has been spending at point H for a very long time now. It's why we have a national debt.
@KristelJadeTolentino5 ай бұрын
thank you for this!
@abbadox3155 ай бұрын
"milk is milk" really just blew the case right open there
@freahmaealastra70696 ай бұрын
.
@SCOR3I0N6 ай бұрын
Anyone in 2024
@SkhiladzeMartha6 ай бұрын
fail one class so you can get A in the other, and then retake next year for the failed class so you can get A... win-loss to win-win hehe
@avaneshprasan64926 ай бұрын
Like if you go NSB!!!
@bzbz79327 ай бұрын
Free trade is a cult. The American market is rich, and access for foreign goods to OUR great wealth should be taxed. It's like handing our wealth abroad for free. SHAME ON YOU!
@varything7 ай бұрын
it's 2024 i'm still watching these video for my ECO202... awesome!!
@user-uk5kh9fl1r7 ай бұрын
this is so good
@edb32557 ай бұрын
So helpful. Combining these videos with my assigned reading sure helps me wrap my head around these concepts and topics.
@edb32557 ай бұрын
Thanks!
@edb32557 ай бұрын
I'm so grateful for all these episodes!
@HannahStevenson19967 ай бұрын
Where are all the Arizona University peeps?!
@eternityj7 ай бұрын
Thank you so much
@Luv2u018 ай бұрын
❤️🥰
@rizmacadillac8 ай бұрын
Always good to review college lectures
@highonowlmoist4098 ай бұрын
bro i cant use pictures
@jaydrian88579 ай бұрын
wow I never had any full topic understanding about market structures in just 5 minutes. I'd recommend this instead of my professor discussing this topic poorly.
@KuldevSeecoomarie9 ай бұрын
So much better than our NINE HOURS OF LECTURE!
@user-ex4ix4si8u9 ай бұрын
Русские, вы где потерялись? Чувырлы вы мои ненаглядные.
@andromedalam44510 ай бұрын
…………
@danielgove996910 ай бұрын
is that why it's called a cup of "Joe"😉
@joshcondaxd10 ай бұрын
What book did you get those problems from?
@zan363210 ай бұрын
did you just challenge me to eat 5 cookies?
@cityoflosangeles28511 ай бұрын
Most racist video I've seen in my life if you think about it.
@SleepIsImportant.10 ай бұрын
😂😂
@Mzwambedu Жыл бұрын
great thanks - i got some of it but i need a slower longer version for MR, MC and stuff