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BurkeyAcademy
United States
Registrace 19. 01. 2010
A channel for learning Economics, Statistics, and Econometrics. I try to balance great intuition with in depth calculations and graphical interpretation wherever possible. The most frequent comment about BurkeyAcademy is: "Wow! This stuff really makes sense! I really can learn this!" Give it a try: These are the lessons I wish I had when I was learning economics. I use free software wherever possible (e.g., R, maxima, LibreOffice, Inkscape, Gimp, CamStudio, MapWindow...)
Sample Variance: Why the (n-1)? Understanding Bessel's Correction
This is NOT a proof of Bessel's correction. Instead, we explore several ideas to help you understand why the "n-1" makes sense. It boils down to the fact that we (usually) don't know the population mean when we are estimating the variance.
My Website: www.burkeyacademy.com/
Support me on Patreon! www.patreon.com/burkeyacademy
Talk to me on my SubReddit: www.reddit.com/r/BurkeyAcademy/
Buy me a cup of coffee on PayPal? paypal.me/BurkeyAcademy
1:52 Overview of the Pieces we will explore
6:10 Sample means minimize the formula
15:11 Simulations in Rstudio
20:11 Dividing by N makes estimates too small
26:50 If we know the population mean, we can divide by N!
28:40 Using Bessel Correction also gives unbiased estimates
My Website: www.burkeyacademy.com/
Support me on Patreon! www.patreon.com/burkeyacademy
Talk to me on my SubReddit: www.reddit.com/r/BurkeyAcademy/
Buy me a cup of coffee on PayPal? paypal.me/BurkeyAcademy
1:52 Overview of the Pieces we will explore
6:10 Sample means minimize the formula
15:11 Simulations in Rstudio
20:11 Dividing by N makes estimates too small
26:50 If we know the population mean, we can divide by N!
28:40 Using Bessel Correction also gives unbiased estimates
zhlédnutí: 988
Video
Real World Demand and Supply
zhlédnutí 1,6KPřed rokem
A discussion of how we can try to identify supply and demand curves in the "real world", by analyzing changes in equilibria and adding in other knowledge/data. What we discuss here gives a small hint of how econometrics can identify these equations. We also look at some data on the US milk market, using information about surpluses bought by the government to visualize supply and demand curves. ...
Saving locally with MS Office Apps
zhlédnutí 647Před rokem
How to tell MS Office Apps that you REALLY want to save files to your own PC, not to OneDrive! The Burkey Bytes Excel Playlist: czcams.com/video/HOljZCs3UcA/video.html Playlist with more Excel Videos: czcams.com/play/PLlnEW8MeJ4z6nn2_bW9_VpjyGVF4cYPoK.html My Website: www.burkeyacademy.com/ Support me on Patreon! www.patreon.com/burkeyacademy Talk to me on my SubReddit: www.reddit.com/r/BurkeyA...
Juvenile Owl at the Disc Golf Course
zhlédnutí 377Před 2 lety
A crow has been harassing this Owl's nest for a couple of weeks now. It seems that the young Owl decided to make a run for it and flutter down to the ground. Not fully grown, but around the size of a basketball. Hopefully the little guy will be able to take flight in the next few days and have a better chance at survival. He is looking healthy so far.
Identify Points in R Scatterplot: Stupid R Tricks!
zhlédnutí 5KPřed 2 lety
Here I show you how to identify points in a scatterplot with the identify() command. This seems to only work correctly in R Console (not in RStudio). Download the Code: drive.google.com/file/d/1rhm_7V441UTNqmGdCl5W61O3oInQCohL/view?usp=sharing My Website: www.burkeyacademy.com/ Support me on Patreon! www.patreon.com/burkeyacademy Talk to me on my SubReddit: www.reddit.com/r/BurkeyAcademy/ Buy m...
Do Calculus in R: Stupid R Tricks!
zhlédnutí 1,9KPřed 2 lety
Here I show you how to work with basic Derivatives and Integrals using base R. I am using RStudio Cloud, but this should work in any R installation. Download the Code: drive.google.com/file/d/1PlxJL-BIb2woXDneSf7L7eiNSnz6K4z2/view?usp=sharing My Website: www.burkeyacademy.com/ Support me on Patreon! www.patreon.com/burkeyacademy Talk to me on my SubReddit: www.reddit.com/r/BurkeyAcademy/ Buy me...
Short Excel 9: Graph Tips: Add a blank space before a histogram
zhlédnutí 3,9KPřed 2 lety
Download the Excel File: docs.google.com/spreadsheets/d/1-6cDRdZiKMVuQdZF74PtbrMd66l15Xhv/edit?usp=sharing&ouid=104518471727659155794&rtpof=true&sd=true The Burkey Bytes Excel Playlist: czcams.com/video/HOljZCs3UcA/video.html Link to the "Adding a Normal Distribution to a Histogram" video: czcams.com/video/iHJYWg99rPk/video.html Playlist with more Excel Videos: czcams.com/play/PLlnEW8MeJ4z6nn2_...
Is my data Normally Distributed? Probably not! Statistics, qqplots, and Histograms.
zhlédnutí 5KPřed 2 lety
Some common, simple ways to determine how similar your data might be to a normal distribution, with R code. We discuss skewness, kurtosis, normal qqplots, and means/medians. Get the handout: drive.google.com/file/d/186HYVvTHiY3bmxB4HyxDeJ7XVwQ_lZUJ/view?usp=sharing Playlist with more Stats Videos: czcams.com/play/PLlnEW8MeJ4z4YdizTw_wV4HThhHJ2zp0F.html My Website with 100's of other videos: www...
Short Excel 8: Vlookup Hlookup
zhlédnutí 729Před 2 lety
Here we do some VLookups, which are really the same thing as HLookups. I show an Exact and a Range VLookup. These Videos use Excel for Microsoft 365 version 2106, on a Windows machine. Other versions may look or behave a little differently. Download the Grades Data File: docs.google.com/spreadsheets/d/13rOJzSkkFG-F_kLC4KiwFx7skQqsHDZR The Burkey Bytes Excel Playlist: czcams.com/video/HOljZCs3Uc...
Short Excel 7: If, AND, OR, NOT, and Ifs Commands
zhlédnutí 1,7KPřed 2 lety
Here I show you some examples of using IF commands in Excel. I also show how to include AND, OR, and NOT, and finish with the very cool IFS command. These Videos use Excel for Microsoft 365 version 2106, on a Windows machine. Other versions may look or behave a little differently. Download Cars Data File: drive.google.com/uc?export=download&id=1lLEj9ZVlVhsgtuuMo4adgLImIyLSGYkw The Burkey Bytes ...
Short Excel 6: Combo Chart, Two Graphs in One!
zhlédnutí 5KPřed 3 lety
Here we make a Combo Chart together, with a bar graph and line graph showing two different variables about our cars. These Videos use Excel for Microsoft 365 version 2106, on a Windows machine. Other versions may look or behave a little differently. Download Cars Data File: drive.google.com/uc?export=download&id=1lLEj9ZVlVhsgtuuMo4adgLImIyLSGYkw The Burkey Bytes Excel Playlist: czcams.com/video...
Short Excel 5: Advanced Filtering
zhlédnutí 878Před 3 lety
Here we look at Excel's Advanced Filtering tool. You can do the same things as with a basic filter, and much more! These Videos use Excel for Microsoft 365 version 2106, on a Windows machine. Other versions may look or behave a little differently. Download Cars Data File: drive.google.com/uc?export=download&id=1lLEj9ZVlVhsgtuuMo4adgLImIyLSGYkw The Burkey Bytes Excel Playlist: czcams.com/video/H...
Short Excel 4: Filtering
zhlédnutí 430Před 3 lety
Using the Autofilter and Custom Filter tools in Excel to look at data meeting certain conditions. Very fun and useful! These Videos use Excel for Microsoft 365 version 2106, on a Windows machine. Other versions may look or behave a little differently. Download Cars Data File: drive.google.com/uc?export=download&id=1lLEj9ZVlVhsgtuuMo4adgLImIyLSGYkw The Burkey Bytes Excel Playlist: czcams.com/vid...
Short Excel 3: Sorting Data
zhlédnutí 759Před 3 lety
I show a few ways to quickly sort on one variable, and then give a couple of examples of a Custom Sort on two or more variables. These Videos use Excel for Microsoft 365 version 2106, on a Windows machine. Other versions may look or behave a little differently. Download Cars Data File: drive.google.com/uc?export=download&id=1lLEj9ZVlVhsgtuuMo4adgLImIyLSGYkw The Burkey Bytes Excel Playlist: czca...
Short Excel 1: Cells, Ranges, and Formulas
zhlédnutí 1,8KPřed 3 lety
Short Excel 1: Cells, Ranges, and Formulas
Graphing equations for supply and demand: Getting to know the economics graph
zhlédnutí 2,4KPřed 3 lety
Graphing equations for supply and demand: Getting to know the economics graph
Excel: Using Database Functions and Named Ranges
zhlédnutí 1,7KPřed 3 lety
Excel: Using Database Functions and Named Ranges
The Midpoint Formula for Elasticity *Microeconomics*
zhlédnutí 800Před 3 lety
The Midpoint Formula for Elasticity *Microeconomics*
Basic Financial Math 3: Bonds and Mortgages #See Video Description
zhlédnutí 718Před 3 lety
Basic Financial Math 3: Bonds and Mortgages #See Video Description
Basic Financial Math 2: Annuities and Perpetuities
zhlédnutí 6KPřed 3 lety
Basic Financial Math 2: Annuities and Perpetuities
Basic Financial Math 1: Present Values, Compounding, Rule of 72
zhlédnutí 2KPřed 3 lety
Basic Financial Math 1: Present Values, Compounding, Rule of 72
Income & Substitution Effects, Compensating Variation: Price Decrease
zhlédnutí 2,3KPřed 3 lety
Income & Substitution Effects, Compensating Variation: Price Decrease
Intermediate Microeconomics Math Review: Working with Exponents
zhlédnutí 1,2KPřed 3 lety
Intermediate Microeconomics Math Review: Working with Exponents
Intermediate Microeconomics Math Review: Graphing and Using Lines
zhlédnutí 2,9KPřed 3 lety
Intermediate Microeconomics Math Review: Graphing and Using Lines
Intermediate Microeconomics Math Review: Level Curves
zhlédnutí 1,2KPřed 3 lety
Intermediate Microeconomics Math Review: Level Curves
Utility Maximization Part 5: Practicing with Cobb-Douglas, Quasilinear, and a Corner Solution
zhlédnutí 1,6KPřed 3 lety
Utility Maximization Part 5: Practicing with Cobb-Douglas, Quasilinear, and a Corner Solution
Deadweight loss of a Production Quota: Consumer and Producer Surplus
zhlédnutí 6KPřed 4 lety
Deadweight loss of a Production Quota: Consumer and Producer Surplus
Basic Impacts of a Production Quota in the Market
zhlédnutí 5KPřed 4 lety
Basic Impacts of a Production Quota in the Market
Allocative vs. Productive Efficiency: How Competitive Markets relate to Efficiency
zhlédnutí 1,7KPřed 4 lety
Allocative vs. Productive Efficiency: How Competitive Markets relate to Efficiency
you are awesome, prof!
amazing, prof!
amazing, prof!
amazing, prof!
You've helped me a lot. This is amazing
@@chandamusonda245 I'm so glad! Calculus can be a lot of fun!
The final dynamic picture is amazing!! Thanks a lot!!
thank you sir!!
Thank you for the most wonderful series in spatial econometrics. However I have a small question. Can you point me into the right direction regarding Luc Anselin's remark on the SARMA model being "probably not the right model"? Thanks a lot !
Thank so much
I'm going back to school and taking microeconomics soon. thanks for the great content. Hopefully, my professor will be as good as you.
@@mateocolorado768 I hope you have some great teachers! You can check out all my free handouts and courses at my website if you need anything. Good luck!
very well explined sir thank you. you are a master
love your voice too
THANK YOU FROM ITALY <3
Be great
So if you have 1-2 what are you gonna put for that? I’m still learning lottery math
this video is better than sitting in class at uni for 4 hours without gaining anything.
You have helped a lot sir . I stopped attending class , I was just watching you vedios from the start upto the end . Thank so much sir , because I got A+ in microeconomics ❤.
Dear Mr Burkey, is there a way to include non-spatially lagged variables in the slx model?
Are you asking "Can I include some variables with both lag and no-lag variables, but a few with only non-lagged?" If so, then yes, you can do this "by hand". There is a command that creates spatially lagged variables for you, and you can just add the lagged and non-lagged variables in a regular lm command using OLS.
it is more confusing
Just Perfect!
Thank you sir, How can i run SARAR - (Spatial AutoRegressive-AutoRegressive model) in Geoda?
I don't think you can in GeoDa. However, I can't be 100% sure because I don't really use GeoDa that much.
@@BurkeyAcademy Sir, Could you guide me on how can i do the SARAR (Spatial AutoRegressive-AutoRegressive model) Analysis. Nowadays I am trying to analysis SAR SEM SARAR model for my PhD research. Thank you sir.
Is Robin Hood index official or not used not major bodies such as imf??
I'm from Mexico and I cannot thank you enough for this videos! You are a great teacher and I'm learning more about economics than ever. Once again: Thank you!
Thank you so much for this!
Dear Dr Burkey, wondering. If I run LR.sarlm and it gives me a high p-value, am I *forced* to drop all the way down to OLS?
Bro you saved me ❤
Thank you so much for helping to understand spatial econometrics (and to handle my master thesis)! One question that came to my mind while watching you lectures. Why are the p-values different between the outputs of the SLX model and the Impacts function? In my dataset this leads to different levels of significance for the variables. It would be great to get an answer!
If they are different, you must be adding the "R=500" part of the impacts command, but you shouldn't include it since simulations are not necessary for SLX models. If you include the R=, it will run simulations for estimating the p values, but if you leave it out you will get the exact p-values.
I am using these videos to review for my Econ 101 exam and I have never enjoyed studying this much. The videos give you both practice and new tricks and explains concepts so well.
Truly amazed! A simple $1 on "The Lottery Network" resulted in a $900 gain.
I am wondering why I didnt find this when my semester started but atleast its in time for my review
Good thing the lottery would never cheat us out of a win!
Excellent video, thanks!
Please make a lecture on spatial structure of forest by nearest neighbor method
Thank you
Thanks so much for this
is there something analogous for alternative functional forms? I want realistic demand functions using representative epsilon estimates for the demand for water. thanks
summary: what is economics (more detail) kita akan mempajari bagaimana berbagai orang dapat membuat pilihan, menggunakan sumberdaya dengan cara terbaik untuk memaksimalkan apapun tujuan mereka for society: sumberdaya kita adalah input alam, manusia, atau manufaktur yang langka yang digunakan untuk menghasilkan barang dan jasa. sumberdaya ekonomi ini terkadang disebut sebagai faktor produksi dan diklasifikasikan ke dalam empat kategori: 1. tanah (sesuatu yg berasal dari tanah), atau sumberdaya alam (pembayaran kepada tanah disebut "sewa") 2. tenaga kerja, atau waktu dan kemampuan orang-orang yang memproduksi barang dan jasa (upah) 3. modal, mesin, alat, dan peralatan yang digunakan untuk membuat barang dan jasa lainnya (bunga) karena saat anda memulai bisnis anda peu meminjam sejumlah uang untuk membeli bangunan,mesin berapa uang yang dipinjam dengan baik, itulah bunga anda even pake uang sendiri, kalau uangnya diambil dari bank atau investasi lainnya, u akan kehilangan bunga itu 4. kemampuan wirausaha, atau bakat manusia khusus individu yang menggabungkan faktor produksi lainnya. (pembayaran kepada wirausahawan disebut keuntungan) karena adanya kelangkaan, segala sesuatu memiliki biaya. ANDA HARUS mengorbankan sesuatu untuk mendapatkan sesuatu. mengambil suatu pilihan memiliki biaya peluang (opportunity cost): mengorbankan alternatif terbaik selanjutnya untuk pilihan yang diambil. metode ilmiah adalah proses yang digunakan untuk menemukan pengetahuan baru. ini melibatkan proses berikut: a. beberapa istilah digunakan dalam analisis ekonomi yang terkait dengan metode ini. 1. hipotesis adalah proposisi yang diuji dan digunakan untuk mengembangkan teori ekonomi. 2. teori ekonomi yang sangat diuji/dapat diandalkan disebut prinsip hukum ekonomi. teori, prinsip, dan hukum digunakan untuk memprediksi hasil kemungkinan dari suatu tindakan atau peristiwa. 3. model ekonomi dibuat ketika beberapa hukum atau prinsip ekonomi digunakan untuk menggambarkan kenyataan. contoh: penawaran dan permintaan, garis anggaran, kurva kemungkinan produksi b. ada beberapa aspek lain dari prinsip ekonomi. 1. setiap prinsip atau teori adalah generalisasi yang menunjukkan kecenderungan atau efek rata-rata. 2. asumsi hal-hal lain sama (ceteris paribus) membatasi pengaruh faktor lain saat memprediksi. 3. banyak model ekonomi dapat diilustrasikan secara grafis; adalah versi yang disederhanakan dari kenyataan ekonomi. 2. apa arti ceteris paribus? mengapa kita peduli? "ceteris paribus" adalah istilah latin yang berarti "semua hal lainnya tetap sama". ini digunakan dalam analisis ekonomi untuk menyederhanakan penjelasan tentang bagaimana satu variabel dapat mempengaruhi yang lain, dengan semua faktor lainnya tetap konstan. ini penting.
bagaimana individu membuat pilihan (choice): rational maximizers > individu membuat pilihan dengan mempertimbangkan biaya dan manfaat dari membuat pilihan. cost > benefit: dont do it benefit > cost: do it buat keputusan yg bisa membuatmu bahagia. kita tidak dapat memiliki segalanya dan kita tidak dapat melakukan segalanya
summary: what is economics ilmu ekonomi adalah ilmu sosial yang mempelajari bagaimana masyarakat membuat pilihan dalam rangka mengelola sumber daya nya yang relatif terbatas (langka) kelangkaan yang dibicarakan disini bukan (rare,valuable) tapi kelangkaan di ekonomi itu berbicara tentang keinginan individu yang tidak terbatas dan alat pemuas kebutuhannya yg terbatas sehingga individu ini harus membuat pilihan. ilmu ekonomi ada 2 bagian yaitu ekonomi mikro (mempelajari tingkah laku unit ekonomi secara individu > kita fokus pada pilihan > pilihan individu,perusahaan, dan bagainana pilihan pilihan kedua diatas bekerja sama untuk mempengaruhi apa yang terjadi dipasar) ekonomi makro: hasil keseluruhan pilihan pilihan dalam ekonomi mikro, bagaimana semuanya dijumlahkan. untuk menentukan apa yang terjadi dalam perekonomian, kapan pun anda berpikir tentang perekonomian negara anda berbicara tentang makro ekonomi.
These notes are very helpful.
I'm looking forward to more notes.
Hi. Can you share what the profit funtion will be in this case? For the different values of effort
Very helpful. Thank you
Is there a way to create a physical 3D physical prototype? If possible, can you provide guidance on what software I can use? It’s for my class project
The video was good and give me further understanding about Moran's I but can you make a video where Spatial Autocorrelation using Distance-Based Weights?
You sound like Dr. Phill, Thanks for the help
tks from Brazil!
amazingggggg video thank you so much
Thankyou so much, Im trying to understand this step by step, wish me luck :D
Thank you. I’m waiting for my book and don’t have anything on hand to study yet. This is very helpful.
I messed up and took too long to order my book. I need to read the first two chapters and complete an assignment on Monday. Thank you! You teach the subject very well.
Brilliant simple straight forward no nonsense epic tutorial ! Loved it. Thank you