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Hello viewers. 😊 Trust you're doing incredibly well as always. *Mixed Income* was erroneously left out among the list of items to be considered under the income approach. It was anyways discussed in the next video on the topic. Mixed Income is the income that cannot be easily attributed to the other income categories because the income is generated from more than a factor of production. Anyways, if you have it in your list of items under the income approach, add it!😀
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@@mogeconomics the link doesn’t appear to be functional, I’m interested in working TOGETHER with you as I find your work applicable in my line of work… I do not wish to take a course nor register for a program…. I’d appreciate a more reliable way of reaching out to you. That’s if you would be interested. Thank you!
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If you enjoy classes like this and you want to reach us to take you LIVE one-to-one Virtual classes on some of your Economics courses at an affordable fee, feel free to contact us via the link 👇 wa.link/g43fdw Thank you. Enjoy!
In case you want to reach us to take you live Virtual classes on some of your Economics courses at an affordable fee, feel free to contact us via the link 👇 wa.link/g43fdw Thank you. Enjoy!
Hello viewers. We want you to take note of the initial calculation of the consumer surplus before integration approach was used. The first calculation of the CS is right if all consumers demanded the same units (i.e 50). However, we'd like to inform you that the graphical depiction of the same calculation had been inaccurate. In the case of graphical illustrations, the area of the triangle beneath the demand curve till above the equilibrium represents the CS. Thus, the area is ½ base × height CS = ½(50-0)(1000-500) CS= 1250. We apologize for the misinformation earlier and for any inconvenience caused. Every other part of the lecture is accurate.
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You need the gross investment in the computation of gross domestic product using the expenditure approach but in the question, you had net investment. Given that Gross investment - depreciation= Net Investment, Gross investment thus equals Net Investment + depreciation. We hope that's clear? Thank you for viewing.
*NOTE:* The formula of summing 'marginals' to obtain 'totals' breaks down when the change in quantity is is not 1. For example Q= 10, 20, 30, 40, erc. Please take note of this. In this case, total utility would be the *Sum of marginal Utility × ∆Q.* Actually, this is the complete formula. We didn't talk about the ∆Q part in the video because the ∆Q was 1 after all. Thank you.
Hi Raymond. Trust you're doing very fine? In that case, you probably already had NI per capita in the question with which you multiply the population to get the NI. But if you don't have that, the population variable is irrelevant to the calculation of NI. We hope this helps.
Hi. We're glad that you found the class helpful. The class is a part of our RU-vid Econometrics course playlist. To have complete access to it, you'd have to pay a token. If you're a Nigerian, reach out to us via the link below to make a purchase. wa.link/g43fdw Thank you.
Hello. Thank you for reaching out. The continuation of the class is in our RU-vid Econometrics course. It is one of our RU-vid playlists that covers several topics in Econometrics. The course sells for 4,000 naira. Reach out to us via this link to make a purchase and have full access to the course. wa.link/g43fdw Thank you and have a nice day.
Hi Asibi. The video's continuation is on our RU-vid Econometrics course which is meant for sale. You may reach out to us to make a purchase and be among several students that have benefited from the course.
NOTE: Oops. The 3 components of Balance of payments are the *Current account, Capital account* and the *money movement account* It was an oversight to have mentioned *Balance of Trade* instead of the *Current account*. Please pay attention to that and correct it.*Balance of Trade, otherwise known as the visible trade balance* is a sub-component of the *Current Account*. Do take note dear viewers.
*NOTE:* A fiat money is a type of currency that is declared legal tender by a government but has no intrinsic or fixed value and is not backed by any tangible asset, such as gold or silver. We apologize for the miscommunication. Thank you for watching.
MC = MR is the condition for profit maximization for all market structures. But since whatever value one gets for MR at the profit maximization is also same as the price, it is okay to replace MR with P and then conclude that *In a perfect market ONLY*, P=MC.
*NOTE:* THE SIGNIFICANCE OF THE STUDY is about the *relevant different contribution the new research work is making to the body of existing literature/similar studies/field of discipline*. After you've gone through very many relevant similar research work conducted around your topic (about 30 recent ones preferably between 5-10yrs of years of your research work), the significance of yours is referring to the new thing you're adding that no other research has done before. Most importantly, *you will also have to justify your significance of the study* i.e state why it is the significance of your study is relevant by proving it has a problem to solve that no other related work has solved in the past. So for example, let's say my own research was on *Customer relationship management on Customer retention in Nigerian banks*, having gone through many relevant journals not more than 10yrs back from the time of writing, If I realized that similar research was conducted but bank customers in Lagos were only considered, my research will be significant if I use Oyo state bank customers to prove/disprove the research outcomes of the past research work based on Lagos bank customers. If others used Zenith and GTB bank customers, I may use First Bank's customers. If other research were around South West region, I may use bank customers in the North. Thank you for reading. We apologize for the error made in the video regarding the subject.
