You have a great way of bringing these theoretical concepts into tangible human interactions, I really appreciate that! I feel like a lot of the ib economics consists of memorizing diagrams rather than understanding the social science behind it! Thank you so much for your help!
Hey Thea! Thank you so much for the kind words! Economics is human behavior, that's it. Then economist make it all fancy by drawing graphs to explain it--which is pretty cool, but can confuse the source of the information. We--you and me--are the source of the data. Remember that! You are awesome to be studying econ. Keep it up, good luck, and I hope you keep watching! Take care, Brad
I was struggling with my notes from the past hour not knowing what theory of firms was. Glad i could ACTUALLY understand the theory and now I'll stop confusing perfect market and monopoly.
You have a great way of bringing these theoretical concepts into tangible human interactions, I really appreciate that! I feel like a lot of the ib economics consists of memorizing diagrams rather than understanding the social science behind it! Thank you so much for your help!
Hey Thea!
Thank you so much for the kind words! Economics is human behavior, that's it. Then economist make it all fancy by drawing graphs to explain it--which is pretty cool, but can confuse the source of the information. We--you and me--are the source of the data. Remember that! You are awesome to be studying econ. Keep it up, good luck, and I hope you keep watching!
Take care,
Brad
I was struggling with my notes from the past hour not knowing what theory of firms was. Glad i could ACTUALLY understand the theory and now I'll stop confusing perfect market and monopoly.
My absolute shock upon hearing "Santiago, Chile" Woah..! Would be lovely to be part of your lessons in real life
The lesson is enjoyable
hey ! can we call an economic unit selling products also a firm or is it must that a firm must produce aswell?
What are your comments on how Galbraith interprets this theory of the firm?
You skipped oligopoly
The lesson is enjoyable