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An Introduction to the Edgeworth Box Diagram 

Economicsfun
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Tutorial on the Edgeworth Box Diagram including the contract line and marginal rates of substitutions (MRS). Typically used in microeconomics and international economics.
Related Videos
Playlist on Consumer Theory (includes indifference curves)
• Consumer Theory
Like MyBookSucks on: / partymorestudyless

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10 июн 2011

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Комментарии : 190   
@msb7164
@msb7164 Год назад
7 years later and this 9 minute video has been more helpful and informative than my lecturer could be in an entire semester. Thank you for this awesome video!
@beautifulblur
@beautifulblur 8 лет назад
wow this 9 min video helped me learn this material so much better than my professor who lectured for 90 mins. LOL thank u so much i have a midterm in 2 days
@economicsfun
@economicsfun 8 лет назад
+helloelloh Great to hear and good luck in your classes too. Hopefully you will get a chance to share and like the videos. This will help others find them.
@guuusha3699
@guuusha3699 7 лет назад
bk me too dude.
@zammy2844
@zammy2844 5 лет назад
can't agree more. wish i'd seen this earlier (cry)
@user-er3fd2dn4n
@user-er3fd2dn4n 5 лет назад
Very clear and useful, thanks
@Alex-wy4un
@Alex-wy4un Год назад
Same
@mewmew370
@mewmew370 10 лет назад
I feel somehow embarrassed. I was searching up Edgeworth's theme from Ace Attorney and somehow ended up here. Regardless, you video looks very educational and if I go into economics, I will remember it.
@wordsnexttoeachother
@wordsnexttoeachother 5 лет назад
well, did u pursue econ?
@nekokkoko3181
@nekokkoko3181 2 года назад
As an economics student i can say OBJECTION!
@Dogwalkingman
@Dogwalkingman 7 лет назад
Excellent video - this is where animation shows things so clearly that pure text makes difficult to explain. A picture really is worth a thousand words, especially moving pictures!! Big big thanks!
@TeMrN1
@TeMrN1 8 лет назад
This is magnificent, glorious, extravagant and a masterpiece. Thank you
@sumanadas3577
@sumanadas3577 2 года назад
It's truely nice..... I never thought 10 yrs ago u have uploaded this video to be watched by me 1 day before my exam even before 10.yrs I haven't a smartphone also... But you have done amazing ❤️🔥
@obviouslyMimi
@obviouslyMimi 8 лет назад
I study business in Germany and even though I am not used to the english terms for the pareto-efficiency, I understood everything you explained immediately. When I looked at the pages that my professor provided, I had no clue, even though it was in German! Good job and thank you so much! It all makes sense now. All the best!
@lisztos
@lisztos 2 года назад
Even 10 years later, this video is still amazing and useful. Thanks for this.
@DarthCoco
@DarthCoco 3 месяца назад
I certainly will be watching this for a second time, shortly, because the explanation was clearer than I expected it to be, compared to being introduced to this by lecturers, 4 months ago. I will subscribe too, which I am surprised to have not done!
@TheD1SCOnN3CT
@TheD1SCOnN3CT 7 лет назад
Why do i find myself on youtube while studying on economics ? Really helped me a lot for mid-term. Much appreciated.
@ccw4892
@ccw4892 7 лет назад
Thank you so much! I love the clarity when you explain the meaning of everything step by step! You helped me a lot!
@bungus49
@bungus49 2 года назад
Thank you good sir! Our lecture briefly introducing Edgeworth Boxes was so cluttered, I couldn't follow. Clean visuals, a coherent/concise explanation, and all of this just under 10 mins. Absolutely GOATed.
@economicsfun
@economicsfun 12 лет назад
Many thanks for the positive feedback. I plan on adding more and more tutorials. I have maintained for a long time that Economics lends itself nicely to animations.
@DeepDiveNFT
@DeepDiveNFT 10 месяцев назад
Understanding this economic principle has led me to take action, forming a tech startup! We will optimize for the Pareto principle and increase tangency points for our users! Efficient trades = happy people! Great video 🎉
@falconawesome
@falconawesome 8 лет назад
Thank you!! I've never encountered this material before, as I'm switching between two different economic departments, and this was wonderfully clear!
@SvenLucas1
@SvenLucas1 10 лет назад
I´m german and I don´t even know the english language but because of the genious representations and pictures I think I understood it right now, thank you a lot! :)
@91chansm
@91chansm 9 лет назад
Thank you for the enlightening video! I am a strong believer that economic concepts can be grasped more effectively with such comprehensive graphic illustrations. =)
@economicsfun
@economicsfun 9 лет назад
91chansm Appreciate your comments and I have thought animations would make learning economics (and other subjects much easier). I am curious do you teach economics or just have passing interest in the subject.
@dalmasokiro3198
@dalmasokiro3198 2 года назад
Very brief but with golden level of explanation, ready for it. Thanks.
@sollinw
@sollinw 7 лет назад
To learn visually are much more efficient than learning by text/language communication in general. Good one, thanks!!
@Hercules003
@Hercules003 2 года назад
Fantastic intro to edgeworth box. I spent ages on books, lecture notes etc trying to unerstand this when this great video was just a click away!
@tausal1
@tausal1 7 лет назад
Thank you so much for the animation and such a clear explanation sir! This helped me a lot!
@raxjoshi
@raxjoshi 5 месяцев назад
this made me fell in love w economics all over again coz of how good the video is😍❤ thankyou
@keyzin
@keyzin 9 лет назад
Nicely presented ... It helps me to remove all the doubts I have for the Pareto optimality and the use of edge work box for my economics exam tomorrow haha ! Have a great day sir!
@miwakoschlageter2778
@miwakoschlageter2778 9 лет назад
I wanted to say thank you very much for this video. I've been really struggling in my international trade class and this video helped me understand the concept a lot better! Just in time for my midterm too. :P
@lessatwi1
@lessatwi1 11 лет назад
Brilliantly explained. Students should love this. Thanks indeed for uploading.
@lalaleenax
@lalaleenax 9 лет назад
this is great!!! animation is awesome and explanation is very clear and straight to the point. thank you!
@economicsfun
@economicsfun 9 лет назад
lalaleenax You are very welcome. I have thought for a long time that economics lends itself to animation. It is great to hear the videos are helping you. Good luck in your classes too.
@DogmaDuel
@DogmaDuel 4 года назад
I'm writing an exam on this tomorrow and this video really helped me to understand the edgeworth box better, thanks.
@Bobjit
@Bobjit 10 лет назад
Great video, i like the clear graphical representation, subscribed!
@alexhu3169
@alexhu3169 3 года назад
Thank you so much sir!! I spent one whole day reading my textbook & wikipedia but still couldn't understand how the two would exchange according to the diagram. And I was feeling reaaaally stupid lol. But this 9 min video explains EVERYTHING! You really saved my day!
@meevelponnamma3707
@meevelponnamma3707 3 года назад
this video was very efficient and helped me to understand how simple the concept was .thanks alot
@economicsfun
@economicsfun 11 лет назад
Thanks! This is one of those topics with animation really helps with understanding.
@simranroshan5051
@simranroshan5051 7 лет назад
I don't know how to express my gratitude!!! thank you so much !!!
@VishnupriyaM317
@VishnupriyaM317 4 года назад
Beautifully explained, thank you so much!
@sidd2468
@sidd2468 8 лет назад
You sir are awsome......thank you so much for explaining this in such a lovely fashion
@matiascuevaslara1640
@matiascuevaslara1640 8 лет назад
You make it look so easy. Great!
@NoChrReq
@NoChrReq 12 лет назад
easy to understand, very clear, thank you for this explanation
@tutsyb26
@tutsyb26 6 лет назад
Amazing presentation..ive understood everything clearly
@Carolchan09
@Carolchan09 11 лет назад
This is amazing! Thank you Professor!
@sumanchowdhury6162
@sumanchowdhury6162 Год назад
Thanks sir, ur lecture just made my day
@pawnesh85
@pawnesh85 8 месяцев назад
Very easy and understandable explanation.👍
@zie2662
@zie2662 2 года назад
this is such a good video and explanation holy cow
@epale9999
@epale9999 8 лет назад
Fantastic video, thank you for posting it and helping people
@__-oq6nb
@__-oq6nb 9 лет назад
Such great explanations!
@Alex-wy4un
@Alex-wy4un Год назад
What an excellent video !!! Thank you from France.
@tontonzinha18
@tontonzinha18 12 лет назад
So helpful! Thank you for posting this.
@abcdbyeilliteracy645
@abcdbyeilliteracy645 8 лет назад
Thank you Sir.. very helpful!!
@yuxinluo5816
@yuxinluo5816 9 лет назад
super clear presentation! thank you so much
@mehedihasan-ui6qt
@mehedihasan-ui6qt 2 года назад
Beautifully explained. Thanks a looot!!!
@soojeong1504
@soojeong1504 8 лет назад
This is so helpful. Thank you!
@Aim4sixmeals
@Aim4sixmeals 4 года назад
Thanks a lot Sir for the time you have taken to make this video!
@himjyotikashyap5371
@himjyotikashyap5371 3 года назад
Really I need to appreciate ur hard work ...thanks a lot sir 😄
@sg7031
@sg7031 4 года назад
dude for a passion project this video is so well made, as a part-time teacher in tech-bereft India I would really benefit from a tutorial (or more) on how to make similar videos. Thanks for this video anyway =)
@noelchanx
@noelchanx 12 лет назад
this video is so clear! good for beginners like me! thanks a lot :))
@ketanjoshi4801
@ketanjoshi4801 3 года назад
Grateful for the explanation. Thank you!
@ayeshaansari9763
@ayeshaansari9763 5 лет назад
Thank you so much. This helped me a lot.
@maja8259
@maja8259 8 лет назад
Super clear! Thank you! Better than my professor!
@virginia555
@virginia555 Год назад
Extremely good treatment of this topic.
@aashiaman8882
@aashiaman8882 8 лет назад
THIS IS SOOO HELPFUL!!!
@pangnamaobnanfan7592
@pangnamaobnanfan7592 8 лет назад
แปลกแต่จริง หนูฟังอาจารย์คนไทยสอนแล้วไม่เข้าใจ มาดูในนี้เข้าใจเฉยเลย ขอบคุนค่ะ LOL Thank you
@Lauroinberserk
@Lauroinberserk 7 лет назад
Thank you for the very didactic explanation!
@yatharthjaggi8029
@yatharthjaggi8029 6 лет назад
Thank you for saving my semester.
@allen6112
@allen6112 9 лет назад
Great video, i like the animation a lot
@economicsfun
@economicsfun 9 лет назад
Allen Lai Some of those animations take a very long time to create, I am happy to see that many of my videos are having a long shelf live. Hopefully you will like, share, subscribe. It will help others find the videos.
@syedahmedali7417
@syedahmedali7417 6 лет назад
mind blowing outstanding lecture....
@preditor467
@preditor467 5 лет назад
Beautiful video!
@liyaelizabethantony5675
@liyaelizabethantony5675 6 лет назад
Nice explanation...thank you so much
@chloe-brookeauia5288
@chloe-brookeauia5288 7 лет назад
This was very helpful. Thankyou!
@AsgharKhan-fd1ul
@AsgharKhan-fd1ul 12 лет назад
please continue with more such informative tutorials, thanx
@economicsfun
@economicsfun 11 лет назад
Thanks for the compliment. Btw, you have a great name for economics!
@seerat1000
@seerat1000 8 лет назад
Hi, I have watched most your videos they are amazing and helpful thanks a lot. You talked about exchange and inefficient exchange. is it the exchange between Joe and David or The exchange between Baseball and Rugby Tickets?
@mariomonterroso5666
@mariomonterroso5666 9 лет назад
Great video. Thanks!
@ashugahlot2538
@ashugahlot2538 7 лет назад
wow it's really helpful to understand.Thanks a lot
@Patrickallan100
@Patrickallan100 7 лет назад
Thanks from Brazil. Subscribed.
@huyentrangnguyen5450
@huyentrangnguyen5450 8 лет назад
Thanks you so much sir^^. This helps me a lot
@missbeby100
@missbeby100 8 лет назад
I wish you were my proff your explanation is better that my proff who taught for 2 hours and still could not understand
@ahmedwafa7834
@ahmedwafa7834 5 лет назад
WOW, Thank you so much from Egypt
@hazelkarau
@hazelkarau 11 лет назад
this is amazing!!!! Asante Sana!!! :)
@nickelmouse451
@nickelmouse451 8 лет назад
Great video, thanks a lot!
@SwaggyEmma69
@SwaggyEmma69 9 лет назад
Are you serious.. this tutorial is the dope. I am in the University of Iceland and the way she explained it was way more complicated. This is an example of how teaching can be more effective and efficient. In another matter, this video is from 2011, have you stopped making tutorials ?
@economicsfun
@economicsfun 9 лет назад
Nebojsa Kospenda I have not stopped making tutorials. When I create tutorials I hope they have a long shelf life. I you check out my channel on (www.RU-vid.Com/economicsfun) you will see more recent tutorials. I do have tutorials on statistics, calculus and algebra (www.MyBookSucks.Com). Thanks for your comments and good luck in your studies. I have never been to Iceland, but I heard it is nice. Hope to visit someday.
@davianoinglesias5030
@davianoinglesias5030 2 года назад
😅😅I have exams tomorrow, I have been struggling to grasp the EdgeWorth box but I just couldnt get it. This video has made it so easy,, I hope that egoistic lecturer brings this in the exam, she won't see it coming, she won't know what hit her😂😂
@RocioNicte
@RocioNicte 6 лет назад
Great video.
@nataliamarialinardou7802
@nataliamarialinardou7802 7 лет назад
Hello, I've got a question. I am studying for an exam in Microeconomics and I was reading that the contract curve can start from zero, in this example on either side of Joe or David. My question is, can a contract curve start from some point of David's (or Joe's) vertical side of the Edgeworth box, and if (not) so, why? I hope my question makes sense, thanks in advance!
@zimzam4932
@zimzam4932 8 лет назад
Very nice and clear :)
@yashrajwade8648
@yashrajwade8648 4 года назад
What do you use for such a presentation? Thanks so much for the video
@Nickhasafro
@Nickhasafro 7 лет назад
I am looking for a video that shows the equations as well that go along with this.
@vishubhatnagar8638
@vishubhatnagar8638 3 года назад
Thank you very well explained
@economicsfun
@economicsfun 11 лет назад
Thanks for your compliment. The only related videos would be on indifference curves (I all a link in the video description). Questions are always great, so ask away. The only thing is RU-vid limits you on the length of your question. Some students go to MyBookSucks on FaceBook and post questions. FB does not limit you on the length and if you post your question as a message you can add attachments.
@arunotailacrimosa9867
@arunotailacrimosa9867 8 лет назад
This is awesome! Thank you for upload this useful video ^w^ after seeing this I'm sure that I'll pass my midterm-exam (sorry for my bad English I'm a Thai college student >-
@npsculptor
@npsculptor 4 года назад
For what purposes of analysis can be used Edgeworth (Edgeworth-Bowley) box in Institutional Economics?
@sonaliswamy2107
@sonaliswamy2107 5 месяцев назад
Excellent video. 👍👍👍👍👍👍👍👍👍👍👍
@StateCrime
@StateCrime 10 лет назад
Hi, can you tell us where to find an Edgeworth Box generator that doesn't only do CRS Cobb-Douglas utility functions (U = X^a * Y^a-1)? (I have a U = X^2 * Y function for an assignment).
@economicsfun
@economicsfun 11 лет назад
Thanks! Appreciate the compliment.
@smdcreation7077
@smdcreation7077 Год назад
Excellent 👍
@sajidblackstone123
@sajidblackstone123 8 лет назад
Thank you soo muchh... Makes some sense now..
@economicsfun
@economicsfun 12 лет назад
In my classes, once the theory or basics are understood it is easier for students to understand more advance topics. In the near future, I plan on having videos from the simplest all the way through the calculus proof. The idea of this video was just to introduce the edgeworth box diagram, how the contract curve is developed, and it is just two indifference maps stuck together. Again, just an introduction video more videos on this topic are coming. So "Like" MyBookSucks on Facebook.
@simonablagoeva9346
@simonablagoeva9346 9 лет назад
Really helpful, thank you.
@economicsfun
@economicsfun 9 лет назад
Simona Blagoeva You are welcome! Good luck in your studies as well.
@RyanLYAO
@RyanLYAO 8 лет назад
wish my lecturers would take the effort to produce animations like these!
@ssnhk1026
@ssnhk1026 7 лет назад
Really Helpful Thanks
@frantzmaster10
@frantzmaster10 6 лет назад
Very nice video
@end7250
@end7250 Год назад
Just a QUESTION: Pareto optimal are on the contract curve, but contract curve is not full of pareto optimal points right? Thanks for your help
@mphumudzenitshiovhe5244
@mphumudzenitshiovhe5244 8 лет назад
thank I do much u helped me a lot for my exam
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