Pareto Efficiency and Pareto Improvements I A Level and IB Economics

The concept of Pareto efficiency and Pareto improvements in welfare are covered in this short topic video.
#aqaeconomics #ibeconomics #edexceleconomics

[@tutor2u-official]

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[@albertuserwinsusanto924]

This short video is awesome. Thank you for sharing and putting the effort into it.

[@tutor2u-official]

Glad you enjoyed it!

[@nemutadunilucia2191]

Why do pareto efficiency has nothing to do with fairness?... Thank you for the explanation. This video really helped alot

[@nolopambo5049]

Thank you so much. Very clear explanation.

[@tutor2u-official]

Glad you liked it - really appreciate your comment Nolo

[@daplayer1098]

I have a question, we know "a" and "b" are pareto efficient and "c" is not, but then if we got to place it on the PPF that would be a pareto improvement. But, could we say that c (in his current position) being inefficient is "pareto inferior" to "a" and "b"?

[@bob-manuel]

Please is there a difference between Pareto optimality and efficiency? If yes what is it? Edit: I thought efficiency is more like the point of equilibrium then optimality is basically one side improving without the other being worse off

[@tutor2u-official]

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[@jochebedmoraa6912]

so informative, thanks

[@tutor2u-official]

Glad it was helpful! Good luck with your economics studies!

[@seanybo777]

Geoff Riley is the GOAT

[@cherylng9395]

Thank you so much 😊