The difference between endogenous and exogenous varaibles

This movie goes over very simple examples of the difference between endogenous and exogenous variables with some examples using a demand function.
This is most obvious in economics by looking at the price and quantity functions but it also has many another applications across the sciences. For example, in statistical regression analysis it is very important to understand which variables are endogenous to the systems and those that are external or exogenous.
More information is available at www.freeeconhelp.com/2011/07/w...

[@FreeEconHelp]

Thanks for watching, I hope you found that helpful! As always, please feel free to add any questions below and I will do my best to address them.
I really appreciate the "thank you!"s, LIKES, and subscribes. It motivates me to keep making new helpful content.
Good luck with classes and exams!!!

[@ThorParker]

Your videos are brilliant, thank you very much! I have enabled notifications in the hope that I will see you upload again!

[@Gabriela-nz9iu]

This was really helpful to me since I was quite confused when making the distinction b/t exogenous and endogenous variables. Thanks .

[@FreeEconHelp]

Awesome!

[@narakusdemon.88]

Thanks! I have a test in a few days and this was a big help!

[@Shuuchi0676]

Explained better than my prof, thank you!

[@romaion4024]

Awesome explanation, thanks!!

[@ewasoloducha7970]

Very helpful! Thank you!

[@mahtayekkalam1943]

Thanks. So simple and useful :)

[@aaronhext7355]

thanks mate that was explained brilliantly

[@Vinckw]

Great vid for econometrics students too. Out of curiosity, could income, taste and preferences etc be endogenous variables too? Or they can only be exogenous variables because it's a one way street, unlike price and quantity demanded which is a two way street (ie change in demand can't possibly change income levels)

[@regsantoss]

Informative.

[@MrFinaltriumph]

Thanks! That was very helpful! (:

[@prahladborthakur8083]

Thank you that was helpful. I had a doubt tho.
You stated that income is always exogenous. Is that only for dd- ss curves or for all functions in micro economics?

[@karimzadeh123456781]

thanks a lot really helpful please upload more video regarding to economic and GDP thanks

[@gabriellaatama-wl2yw]

Very helpful thank you!!

[@raphthalia329]

great explanation

[@sharfaafzal]

Thank You SIR 😊

[@SidPeimer]

Great explanation - thanks. I am somewhat confused with the difference between a moderator variable and an exogenous variable.

[@reverianignation7844]

THANK U.IT IS UNDERSTANDABLE

[@winstonchirpsehill1503]

endogeneity omitted variable bias question
Today, 07:04
Hi there this is stats based but more a theoretrical question:
What exactly does endogenous variables mean, I know there are different forms but I mean endogenity in the sense of omitted variable bias.
I am seeing the effect of derivative usage on firm value, and so regression firm value with my independant variable derivative usage and set of control variables.
I know there is an endogeneity issue in the sense that there a characteristics both unobservable (eg managerial quality) and observable that have a postive effect on firm value and are postively correlated with derivative use.
I understand the enodogenity in this sense mean that these characteristics that are captured by the error term are linked to the the explantoryy variable deriavtive usage.
What my main question is is which variables are ones reffered to as endogenous?
a)is it the firm value that is enodogenous or deriavtive usage that is enodogenous
b) or are firm value and derivative usage both "endogenous variables"
c) or is the observed/unobserved characterisitcs that are referred to as endogenous.
Would really love any help. Thanks so much.

[@scintillating_u]

Nice 👍😊👏explained....

[@dimitris303]

great lecture! Very helpful!
A might silly question... what is the brand of you pen? it seems very nice

[@jordanmarshall7108]

Gracias, its appreciated :)

[@chrisdottanck]

Thank you.

[@AsadAliShah89]

well explained

[@CANNOTDIEFILMS]

Much appreciated!

[@FreeEconHelp]

glad you found it helpful!

[@nokubongabongi1313]

Thank you sm

[@MirGlobalAcademy]

nice

[@prashantgambhir596]

sir I want to ask ki endogenous growth theory Mai AK model Ko bhi explain krna hota hai

[@suleymankhan5298]

come on bro! he is English. He doesn't speak hindi

[@kanchanbunkar9403]

Thank u sir

[@FreeEconHelp]

Happy you found it useful!

[@Nhoj737]

"This is most obvious in economics by looking at the price and quantity functions "
Yes, but look at them in the light of the following?

[@recaplord285]

you're a fucking angel man i love you I'm passing my test just because of your help

[@vikdfr]

Demand eqn would be a-bp rather than a+bp because demand curve has negative slope.

[@naderaboulhosn9729]

+vikdfr b can be both a +ve or a -ve number

[@anchi7421]

So simply can we say that variables that depends on another factor are endogenous variables?

[@ndumisolushaba2403]

cant both quantity and equilibrium price be endogenous though

[@saleemkhan821]

it very nice friend I'm junior in economic plz help me who's senior

[@hadiahaider3637]

اب آپ سینیر اور میں جونیر...

[@s0uris012]

every shock in the economy is endogenous

[@meisuper3523]

this makes me headache, I have a current even report, I really dont know what professor want…

[@FreeEconHelp]

thanks?

[@maratbakhtygerey8969]

why short? shoot again make it longer

[@shafiqullahyousafzai15]

Love From Afghanistan

[@asad-thelearner6890]

2024 😊

[@nathalei224]

3333 viewer

[@bp56789]

Slightly wrong (I think). The exogenous (input) variables are the demand and supply functions (which both show a relationship between price and quantity). The endogenous (output) variables are the equilibrium price and equilibrium quantity.

[@SuperChristLover]

you have hair fingers

[@mrpureism]

Very helpful thankyou friend but awful handwriting