where is econ 4020? Economics is a partial discipline, as sometimes better solutions lie outside of economics, such as in technology. Therefore, perhaps in the future, a new discipline will emerge that combines economics, anthropology, sociology, law, political science, and others, offering a more comprehensive perspective on issues. This field might be called Human Systems Science.
Thank you! I do not have a separate video for chapter 8, but I do discuss the effects of taxes on consumer surplus, producer surplus, and deadweight loss in my video for chapter 6 (supply, demand, and government intervention). I do not yet have a video put together for chapter 9.
Thanks a lot for a magnificent explanation. I am wondering that why Supply curve is called MC as opposed to Demand curve is called MB ? The reverse is possible? Could you please elaborate it a little bit?
The supply curve is called a MC curve because the height of the curve represents the cost of production at the margin. For the demand curve, its height represents the consumer's willingness to pay at the margin. We wouldn't reverse them. Here's a link to one of my videos that will help explain the difference: ua-cam.com/video/coZLpijpQQw/v-deo.html
Thanks you are posting again. You do a great work Dr. Azevedo. 👏👏👏
Thanks for coming back. I just started learning economics, really thankful for your videos
Thank you very much! I've recommended your videos to all my friends. I like your channel!
You're welcome! Glad the videos are useful!
where is econ 4020?
Economics is a partial discipline, as sometimes better solutions lie outside of economics, such as in technology. Therefore, perhaps in the future, a new discipline will emerge that combines economics, anthropology, sociology, law, political science, and others, offering a more comprehensive perspective on issues. This field might be called Human Systems Science.
very wonderful video and very well explained. Thank you for making this video.
Welcome back! Also, I was wondering if you had any videos for chapter 8 and 9?? Thank you so much for your videos btw, they are so helpful :)
Thank you! I do not have a separate video for chapter 8, but I do discuss the effects of taxes on consumer surplus, producer surplus, and deadweight loss in my video for chapter 6 (supply, demand, and government intervention). I do not yet have a video put together for chapter 9.
You came bak, great news!!!
Thank you for being back again , I love your teachings 🙏, also, is this the eighteenth Chapter?
Thank you! This video actually covers chapters 10 and 11 of the Principles of Economics text by Mankiw.
awesome, thank you so much.
thank u, it is so helpful
Thankyou sm life saver💗💗
You're welcome!
Thanks!
Thanks!
Thanks a lot for a magnificent explanation. I am wondering that why Supply curve is called MC as opposed to Demand curve is called MB ? The reverse is possible?
Could you please elaborate it a little bit?
The supply curve is called a MC curve because the height of the curve represents the cost of production at the margin. For the demand curve, its height represents the consumer's willingness to pay at the margin. We wouldn't reverse them. Here's a link to one of my videos that will help explain the difference: ua-cam.com/video/coZLpijpQQw/v-deo.html
@@DrAzevedoEcon Perfect, I got it. Thanks a lot
Perfect
Thanks!
Wow...🤍👍🏻
best
Thanks!
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