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Parts of an Economic Model (Overview of Microeconomic Theory, Part I)

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This video gives a 10-minute overview of the umbrella concepts in microeconomic theory.
Link to my course on microeconomic modelling: ashley-s-site-9d78.thinkific....
0:52 - Three perspectives
1:53 - Classic Model, Labelled
2:17 - Objective function
2:43 - Choice variable
2:57 - Benefit & cost
3:46 - Exogenous variables
4:55 - Expected value
5:45 - Time discounting
6:39 - Game theory / strategy
7:44 - Classic graph shapes:

Опубликовано:

8 авг 2024

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Комментарии : 9

@jackparker6063 2 года назад

I've just started an Applied Economics Masters having had no previous experience in Econ or Math outside of GCSE. This is a wonderful supplement, thank you.

@harrydaniel2006 4 года назад

As an final year economics student, this really helps to look at the bigger picture of microeconomics and understand how all the areas fit together. Thank you for the brilliant video!

@mohamedyasinosman5387 4 года назад

Excellent job Dr. Ashley. Keep up the good work!

@Prabhu909090 5 месяцев назад

Thank you

@bakther Год назад

Excellent approach to model. I am wondering what are the appropriate research questions to be asked under each of these 3 model types If we have to write a paper. Please give us examples from published works.

@NtchindiCTheu 2 года назад

Hello Ashley. I am very interested in learning more about creating economic models. Is there anyway I can access more of the lessons?

@violabotomani2524 2 года назад

What the basic models used in both micro and macro economics

@JenifferWhite-ju8tq Год назад

What is the title of the book that you use?

@AshleyHodgson Год назад

When I teach microeconomic theory, I use Hal Varian's Intermediate Microeconomics with Calculus. However, the approach I take on this channel (in this video, for example) is supplemental and complimentary to that rather than directly from that book.