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Think Econ
Canada
Приєднався 30 тра 2021
Hey everyone! Here at Think Econ we're passionate about economics!
Whether you're a high school, college, or university econ student, we've got the resources to help you succeed in your class. From introductory topics such as opportunity costs, the production possibilities curves, and consumer surplus, to more intermediate topics such as monetary and fiscal policy, IS-LM models, and long run economic growth, we've got you covered.
If you're not an econ student you'll enjoy our more real-world application videos which show how economic thinking is used to evaluate scenarios in our everyday life.
No matter what your current level of understanding in economics is, we've got something here for you. Browse the channel and enjoy the content!
Teachers/Educators: Feel free to watch my videos in your classroom and embed them in your lessons or website. We would love to spark a passion for economics into the hearts and minds of the future generation of students!
~ Think Econ Team
Whether you're a high school, college, or university econ student, we've got the resources to help you succeed in your class. From introductory topics such as opportunity costs, the production possibilities curves, and consumer surplus, to more intermediate topics such as monetary and fiscal policy, IS-LM models, and long run economic growth, we've got you covered.
If you're not an econ student you'll enjoy our more real-world application videos which show how economic thinking is used to evaluate scenarios in our everyday life.
No matter what your current level of understanding in economics is, we've got something here for you. Browse the channel and enjoy the content!
Teachers/Educators: Feel free to watch my videos in your classroom and embed them in your lessons or website. We would love to spark a passion for economics into the hearts and minds of the future generation of students!
~ Think Econ Team
What is the Tragedy of the Commons? | WITH EXAMPLES | Think Econ
In this video, we explore one of the most important concepts in environmental science and economics: the Tragedy of the Commons. Coined by ecologist Garrett Hardin in 1968, this term describes a situation where individual users, acting in their own self-interest, deplete or spoil shared resources, even though it's not in anyone's long-term interest for this to happen.
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Think Econ
Keywords:
Tragedy of the commons,
The tragedy of the commons,
Tragedy of the commons explained,
What is the tragedy of the commons?,
Economics tragedy of the commons,
Tragedy of the commons econ,
Tragedy of the commons economics,
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Think Econ
Переглядів: 411
Відео
Taxes on CONSUMERS | Part 2 | Tax Revenue and Deadweight Loss of Taxation | Think Econ
Переглядів 797Місяць тому
#microeconomics #tax #ThinkEcon In this video we explore what a tax on consumers looks like on a supply and demand graph. We will show both the Tax Revenue rectangle and the Deadweight loss triangle! Keywords: unit tax on consumers, ap micro unit 2 taxes, unit tax economics, microeconomics taxes and subsidies, ap microeconomics unit 2 taxes, burden of tax microeconomics, deadweight loss and tax...
Taxes on PRODUCERS | Part 2 | Tax Revenue and Deadweight Loss of Taxation | Think Econ
Переглядів 1,3 тис.2 місяці тому
#microeconomics #tax #ThinkEcon In this video we explore what a tax on producers looks like on a supply and demand graph. We will calculate both the Tax Revenue rectangle and the Deadweight loss triangle, but this time, we look at it with real values! Keywords: unit tax on producers, ap micro unit 2 taxes, unit tax economics, microeconomics taxes and subsidies, ap microeconomics unit 2 taxes, b...
Taxes on CONSUMERS | Part 1 | Tax Revenue and Deadweight Loss of Taxation | Think Econ
Переглядів 2,1 тис.3 місяці тому
#microeconomics #tax #ThinkEcon In this video we explore what a tax on consumers looks like on a supply and demand graph. We will show both the Tax Revenue rectangle and the Deadweight loss triangle! Keywords: unit tax on consumers, ap micro unit 2 taxes, unit tax economics, microeconomics taxes and subsidies, ap microeconomics unit 2 taxes, burden of tax microeconomics, deadweight loss and tax...
Taxes on PRODUCERS | Part 1 | Tax Revenue and Deadweight Loss of Taxation | Think Econ
Переглядів 1,6 тис.3 місяці тому
#microeconomics #tax #ThinkEcon In this video we explore what a tax on producers looks like on a supply and demand graph. We will show both the Tax Revenue rectangle and the Deadweight loss triangle! Keywords: unit tax on producers, ap micro unit 2 taxes, unit tax economics, microeconomics taxes and subsidies, ap microeconomics unit 2 taxes, burden of tax microeconomics, deadweight loss and tax...
Monetary vs Fiscal Policy Explained | PART 2 | Think Econ
Переглядів 1,4 тис.3 місяці тому
#ThinkEcon #fiscalpolicy #monetarypolicy In this video we take a look at the key differences between monetary and fiscal policy as they relate to the implementation on expansionary and contractionary policy! Keywords: Think Econ, monetary vs fiscal policy, monetary vs fiscal policy economics, fiscal vs monetary policy macroeconomics, monetary and fiscal policy questions and answers, monetary an...
Expansionary vs Contractionary Economic Policy | Think Econ
Переглядів 3,6 тис.4 місяці тому
#ThinkEcon #economics #macroeconomics In this video we look at the key functions and differences of expansionary and contractionary policies in economics.
Monetary vs Fiscal Policy Explained | PART 1 | Think Econ
Переглядів 3,4 тис.4 місяці тому
#ThinkEcon #fiscalpolicy #monetarypolicy In this video we take a look at the 5 key differences between monetary and fiscal policy! Keywords: Think Econ, monetary vs fiscal policy, monetary vs fiscal policy economics, fiscal vs monetary policy macroeconomics, monetary and fiscal policy questions and answers, monetary and fiscal policies of the government, monetary and fiscal policy crash course,...
How to Calculate Your EFFECTIVE Annual Interest Rate | Step-by-step guide | Think Econ
Переглядів 1,3 тис.5 місяців тому
#interestrates #economics #ThinkEcon In this video we look at how to calculate your effective interest rate. We also briefly remind you about how nominal and real interest rates work as well. Enjoy! Keywords: Think Econ, how to calculate the effective interest rate, how to calculate nominal and effective interest rate, how to find the effective annual interest rate, how to find effective intere...
Nominal vs Real Interest Rates | Think Econ
Переглядів 3,9 тис.5 місяців тому
#interestrates #macroeconomics #ThinkEcon In this video we look at the real vs nominal interest rates. We consider the formula for the real interest rate, as well as how negative real interest rates work. We hope you find it helpful! Keywords: Think Econ, real vs nominal interest, real and nominal interest rate in hindi, real and nominal interest rate, real interest rate vs nominal interest rat...
How Banks CREATE MONEY From Nothing | Money Multiplier Effect Explained | Think Econ
Переглядів 1,6 тис.5 місяців тому
#economics #macroeconomics #money In this video we look at how commercial banks create money seemingly out of thin air when people deposit their funds. We look at the key macroeconomic concepts of the Money Multiplier and the Required Reserve Ratio. Enjoy the video! :) Keywords: Think Econ, reserve ratio, reserve ratio and money multiplier, reserve ratio explained, reserve ratio in economics, r...
M1 and M2 Money Supply Explained (The Easy Way) | Think Econ
Переглядів 11 тис.6 місяців тому
#moneysupply #macroeconomics #economics In this video we take a look at the different types of money supply, including M1, M2, M3 and more! Keywords: m1 and m2, m1 and m2 money supply, m1 and m2 macroeconomics, m1 and m2 macrophages, m1 and m2 difference, m1 and m2 comparison, m1 and m2 explained, money supply, money supply macroeconomics, money supply m1 m2 m3, money supply explained, money su...
Law of RETURNS TO SCALE in Economics | Think Econ
Переглядів 2,7 тис.7 місяців тому
#microeconomics #economics #macroeconomics In this video we explain the law of returns to scale in economics. We look at constant returns to scale, increasing returns to scale, and decreasing returns to scale. Keywords: returns to scale, returns to scale economics, returns to scale microeconomics, returns to scale and economies of scale, returns to scale macroeconomics, returns to scale explain...
Price Ceiling Practice Problem | (STEP-BY-STEP SOLUTION)| PART 2 | Think Econ
Переглядів 2,4 тис.7 місяців тому
Price Ceiling Practice Problem | (STEP-BY-STEP SOLUTION)| PART 2 | Think Econ
How to Calculate Total, Variable, and Fixed Costs in Microeconomics | (EASY METHOD) | Think Econ
Переглядів 4,7 тис.7 місяців тому
How to Calculate Total, Variable, and Fixed Costs in Microeconomics | (EASY METHOD) | Think Econ
Price Ceiling Practice Problem | (STEP-BY-STEP SOLUTION)| PART 1 | Think Econ
Переглядів 11 тис.8 місяців тому
Price Ceiling Practice Problem | (STEP-BY-STEP SOLUTION)| PART 1 | Think Econ
Shifting the SUPPLY CURVE Leftward | Think Econ
Переглядів 7 тис.8 місяців тому
Shifting the SUPPLY CURVE Leftward | Think Econ
Shifting the DEMAND CURVE Leftward | Think Econ
Переглядів 2,8 тис.8 місяців тому
Shifting the DEMAND CURVE Leftward | Think Econ
Shifting the DEMAND CURVE Rightward | Think Econ
Переглядів 6 тис.8 місяців тому
Shifting the DEMAND CURVE Rightward | Think Econ
Shifting the SUPPLY CURVE Rightward | Think Econ
Переглядів 5 тис.9 місяців тому
Shifting the SUPPLY CURVE Rightward | Think Econ
Shifting VS Rotating the PPC | WITH EXAMPLES | Think Econ
Переглядів 4 тис.9 місяців тому
Shifting VS Rotating the PPC | WITH EXAMPLES | Think Econ
Circular Flow Diagram In Economics | Think Econ
Переглядів 55 тис.9 місяців тому
Circular Flow Diagram In Economics | Think Econ
Mastering Opportunity Cost: Economics Practice Problems for Econ Students | Think Econ
Переглядів 7 тис.9 місяців тому
Mastering Opportunity Cost: Economics Practice Problems for Econ Students | Think Econ
The 3 Economic Questions (WITH EXAMPLES) | Think Econ
Переглядів 3,7 тис.Рік тому
The 3 Economic Questions (WITH EXAMPLES) | Think Econ
How to Calculate DEADWEIGHT LOSS on a Monopoly Graph (THE EASY WAY) | Think Econ
Переглядів 10 тис.Рік тому
How to Calculate DEADWEIGHT LOSS on a Monopoly Graph (THE EASY WAY) | Think Econ
How to Calculate CONSUMER SURPLUS on a Monopoly Graph (THE EASY WAY) | Think Econ
Переглядів 4 тис.Рік тому
How to Calculate CONSUMER SURPLUS on a Monopoly Graph (THE EASY WAY) | Think Econ
How to Calculate PROFIT on a Monopoly Graph (THE EASY WAY) | Think Econ
Переглядів 7 тис.Рік тому
How to Calculate PROFIT on a Monopoly Graph (THE EASY WAY) | Think Econ
Price Discrimination Explained | Think Econ
Переглядів 4,1 тис.Рік тому
Price Discrimination Explained | Think Econ
Every Country Ranked by GDP Per Capita in 2023 [UPDATED] | Think Econ
Переглядів 10 тис.Рік тому
Every Country Ranked by GDP Per Capita in 2023 [UPDATED] | Think Econ
AP Economics vs IB Economics - Which One Comes Out on Top? | Think Econ
Переглядів 561Рік тому
AP Economics vs IB Economics - Which One Comes Out on Top? | Think Econ
A very helpful well-explained video. Tks
subscribed!
Got all answers correct with some reasoning since l haven't done some of the things
This is amazing. I understood it very well 🎉🎉🎉
P* and Q* is the point of equilibrium.
You're an amazing professor wish I could see your sweet face .❤ Thanks it helps alot. 🤍
This video is very helpful
I’m glad to hear it!
0
Great job thank you a lot ❤ please continue 🙏
Watching 5 min before exam starts😅
❤❤
USA
DBS
I saw that time stamp 1:33
As you showed how many pianos and guitars that can be produced,can i please know which is the best point to produce these goods?
To determine which point is best, you'd need to know the demand and/or prices for both goods
SOOOO HELPFUL 😢😢. THANK YOU
You're welcome! I'm glad you found it helpful!
Lesson 2.4
To be honest, I didn't have the most recent version of a textbook for my Energy Economics class so I had no examples to go off of. All other tutorials, including CHATGPT did not mention finding the 0 value, 54 value, and made no mention of finding the difference between the 54 and the 18 value and then Basexheight/2. Thank you so much for this. I think I will go get the book because it should not have taken me this long.
I feel like most textbooks don't even go over that in much detail, which is a shame. We take a lot as given and I'm glad I was able to provide a truly step-by-step solution to walk you through it! You got this!
holy smoke, bro you made me understand the concept of probability distribution so easily. Damn. I'm sorry. But you are seriously a talented individual
❤❤
I am really happy after seeing this coz my all doubts got clear.....thanku u from Kashmir. ❣️
Thanks very much
You're very welcome!
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Good luck on your exams yall
Sir, where did you got the number '270' & '5P'? please help
Q = 270 - 5P is the equation for the demand curve. Most of the time the specific demand equation will be given in the question.
when a 6 minute vid helps me understand what was thought in a whole 2hr lecture. MiNDBLoWN!
Glad it was helpful!
Nice appreciate ❤
Interesting
Anyone here before exam
Yeah me
me
Keep on the good work, you're amazing ❤❤
I appreciate the kind words! :)
All answers are correct . Love from India.
Nicely done!
Dude explain better then my teacher
TYSM!!!🥰
No problem! Glad you found it helpful!
This was helpful af
Glad to hear it!
skibidi rizz
facts
I would like you talk about price mechanism
...I have a question...the graph illustrates cost curves, as well as revenue and demand lines...shouldn't the y-axis be labelled 'price/cost,' rather than just 'price?'...
Great question! The simple answer is no, and here's why: all of the costs curves, revenues, and the demand curve for that matter, are a function of (depend on) the price of the good, and the quantity produced and/or sold. The cost curves are not a function of the cost, they're a function of the price. Does this help?
Difficult for me to visualise this....tq for explaining....to me, its seems more rational to just use the $ symbol...that would relate to both costs(that which is sacrificed) and the mark-up selling price(benefit earned)....