Hi, 2:35 you say Δm is negative, 4:05 you say Δm is positive - an addition to the budget. Under normal conditions, the latter is true. Keep up the good work
From india,preparing for my masters entrance...following varian...your videos r helping me to clear my concepts..so thanks..well how can i contact u for any doubts??
@@IrisFranz After P1 decreases, wouldnt the consumer easily be able to purchase the original bundle (below the budget line)? Why Income even needs to be adjusted ?
@@kennyyip6637 that is the entire point, this is in order to see the magnitude of substitution effect once price goes down, which leads to increase in real income
Hi Iris, love your videos and using them for studying! In my study plan I also have statistics+ econometrics, can you suggest me any channel/ teacher to follow?
![(M4E4) [Microeconomics] Finding Income and Substitution Effects: Slutsky Decomposition Method](/img/n.gif)
I passed my class because of you!! Thank you very much
Short ,crisp and to the point. Very Helpful video👍🏻👍🏻👍🏻
Glad it was helpful!
you have the best real world examples!
Thank you so much! Reading it from the book was hard to process but you made it so much more clear.
You’re welcome. Happy learning!
Short and precise! Thank you!
These videos are saving me. Thank you
You’re welcome. Happy learning!
Tnx! Better than our teacher in uni of syd:)
Thanks. Happy learning! (and I pray for a relief from the fire :`(
Incredible, from Brazil.
thanks for your invaluable work
much better than my professor. Thank you so much
You’re welcome!
Such a great explanation! Thank you so much.
Thank you Iris!
Glad to help!
still helpful today❤
Hi, 2:35 you say Δm is negative, 4:05 you say Δm is positive - an addition to the budget. Under normal conditions, the latter is true.
Keep up the good work
Thank you❤
Thank you so much.
You're welcome!
instant sub👍👍👍
thanks for the video!
You’re welcome!
So cute lecturer. Thank you
From india,preparing for my masters entrance...following varian...your videos r helping me to clear my concepts..so thanks..well how can i contact u for any doubts??
i dont really understand how you get the p1y1+p2y2 can you explain a lil bit more here
Thankyou . You are amazing
Fluteworld you’re welcome. Happy learning!
Aap kon se country se ho ?
By the way nice explation 😊
Great explanation. Can you please recommend any good text book which you use for micro economics
Sure. I use Hal Varian’s intermediate microeconomics book.
sorry, professor! I thought the substituion effect should be the same utility. So x and y need be on the same indifferent curve, right?
Thank you, Iris. Could you please explain the relationship between Walrisan demand, Heiskian Demand, Indirect inequality and Hessian matrix?
Yes, one day… right now my teaching load is super heavy….
hey can you make a video on chapter 9. i.e. buying and selling
Buying and Selling (Varian CH9, Figure 9.3)
ua-cam.com/video/-kWmT-OHiW8/v-deo.html
Hey Iris why do we take away or give some income when p1 decrease?
So that the person has just enough money to buy the original bundle.
@@IrisFranz After P1 decreases, wouldnt the consumer easily be able to purchase the original bundle (below the budget line)? Why Income even needs to be adjusted ?
@@kennyyip6637 that is the entire point, this is in order to see the magnitude of substitution effect once price goes down, which leads to increase in real income
Hi Iris, love your videos and using them for studying! In my study plan I also have statistics+ econometrics, can you suggest me any channel/ teacher to follow?
Thanks! Unfortunately, I am not aware of UA-camrs who are great at econometrics lectures. It is indeed a challenging subject! I wish you all the best.
@@IrisFranz okay! Thanks
老師有中文版本的講解嗎？
沒有耶，真抱歉。我的經濟學位是在美國拿的，所以很多專有名詞的中文我不知道怎麼翻譯😅
@@IrisFranz 那太可惜了，
不然如果只有專有名詞是英文，倒是不影響理解～
@@DietaryFiber1018 慢慢聽，多聽幾次，應該就能明白，英文也會進步喔😃
@@IrisFranz 好的，我會努力的，謝謝老師～^_^
老師，我剛剛又重新聽了一次，您的教法比台灣補習班老師還要清楚好懂，請問您上課是用哪一本教科書呢？
Hal Varian’s “intermediate microeconomics”, 9th edition. Best wishes!
@@IrisFranz 謝謝老師～^_^
不客氣，祝學業順利。