This video introduces the Cobb-Douglas utility function for two goods and demonstrates some of its properties. I demonstrate how to compute marginal rate of substitution...
In this video, I use calculus to derive the relationship between marginal rate of substitution and the marginal utilities of the two goods. Check out...
Solving an optimization problem for utility, an economics problem. Given U=q1*q2+q1+2q2, st. p1=2,p2=5, and M=5. This video is embedded at www.freeeconhelp.com where you can see...
In this video, I use graphical intuition to describe the optimal second degree price discrimination pricing of a monopolist. For a list of videos and...
This video demonstrates the theory of Cournot competition by working a simple example with two firms, common and constant marginal cost, and a linear inverse...
This video introduces the Edgeworth Box from a graphical perspective. In the video, I demonstrate how to read off allocations from an Edgeworth Box illustration,...
