Economics.Com0.2
🌐 Welcome to Economics.Com0.2! Explore the world of economics with us. From insightful discussions to market trends, we simplify complex concepts. Subscribe for a fresh perspective on the economic landscape. Let's make economics accessible! 💰📈 #economics #finance #learnwithus
Economics.Com0.2
Be ready for the live session, University level microeconomics tutorial.
#economicscom02
1 month ago (edited) | [YT] | 4
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Economics.Com0.2
Market Competition: Short Run and Long Run Analysis (Perfect and Imperfect).
Deeper understanding of the market competition with handmade charts and graphs and handwritten mathematical calculations of the charts and graphs!
Watch the till end! After watching this you guys will be able to make notes via video.
Let's dive in the sea of Market competition!
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https://youtu.be/mYnDjknAqJE?si=zYea9...
1 year ago | [YT] | 6
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Economics.Com0.2
"Theory of convergence or Catch-up Effect"
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https://youtu.be/kdbZWiO-Osg?si=-hHfN...
1 year ago | [YT] | 5
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Economics.Com0.2
What is a signaling game in Game theory?
1 year ago | [YT] | 5
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Economics.Com0.2
What's the primary goal of Economic Planning ?
1 year ago | [YT] | 6
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Economics.Com0.2
What is the formula for convergence?
The geometric series convergence formula is a 1 − r if |r| < 1, where a is the first term and r is the common ratio, i.e., the number that each term is multiplied by in order to produce the next term. Some people refer to it as a formula, but it is both a formula and a test.
1 year ago | [YT] | 5
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Economics.Com0.2
What is a free rider in economics?
A free rider is someone who wants others to pay for a public good but plans to use the good themselves; if many people act as free riders, the public good may never be provided. Markets often have a difficult time producing public goods because free riders attempt to use the public goods without paying for it.
#economics #education #free_rider
1 year ago | [YT] | 5
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Economics.Com0.2
The Circular Flow Diagram!
A fundamental concept in economics that illustrates the flow of goods, services, and money between households, businesses, government, and the foreign sector.
Here's a brief overview:
FIVE SECTORS
1. Households: Consumers who buy goods and services.
2. Businesses: Firms that produce goods and services.
3. Government: The public sector that provides public goods and services.
4. Foreign Sector: The rest of the world, including imports and exports.
5. Financial Markets: Institutions that facilitate borrowing and lending.
The FLOWS:
1. Goods and Services: Flow from businesses to households (consumption) and from households to businesses (production).
2. Money: Flows from households to businesses (consumption) and from businesses to households (income).
3. Factors of Production: Flow from households to businesses (labor, capital, etc.).
4. Taxes and Transfers: Flow from households to government (taxes) and from government to households (transfers).
The Circular Flow Diagram helps us understand how the economy works, how different sectors interact, and how economic activity is measured.
1 year ago | [YT] | 7
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Economics.Com0.2
The basic concepts of economics are:
Scarcity
Opportunity cost
Supply and Demand
Types of Economic Systems
1. Traditional Economy.
2. Command Economy.
3. Market Economy.
Microeconomics vs. Macroeconomics
Key Economic Indicators
1. Gross Domestic Product (GDP).
2. Inflation Rate.
3. Unemployment Rate Measures.
These basic concepts provide a solid foundation for understanding economics and its applications in various fields.
1 year ago | [YT] | 7
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