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DrAzevedoEcon
Registrace 22. 06. 2009
Interested in economics? I have videos that cover the most common topics discussed in a principles of macroeconomics, principles of microeconomics, and intermediate microeconomics class.
Dr. Azevedo
Dr. Azevedo
International Economics: Money, Interest Rates, & Exchange Rates
In this video, I discuss the relationship between money, interest rates, and exchange rates.
Dr. Azevedo
Department of Economics and Finance
University of Central Missouri
Dr. Azevedo
Department of Economics and Finance
University of Central Missouri
zhlédnutí: 1 401
Video
International Economics: Exchange Rates
zhlédnutí 1,3KPřed 2 měsíci
In this video, I discuss the determination of exchange rates. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: How Trade Policy Gets Made
zhlédnutí 557Před 2 měsíci
In this video, I discuss the political economy of trade policy. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Instruments of Trade Policy: Part 3 - Other Trade Restrictions
zhlédnutí 501Před 2 měsíci
In this video, I discuss the impact of trade restrictions such as export subsidies and import quotas. This is the third of three videos on the instruments of trade policy. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Instruments of Trade Policy: Part 2 - The Welfare Impacts of a Tariff
zhlédnutí 678Před 3 měsíci
In this video, I discuss the impact a tariff has on consumer surplus and producer surplus. This is the second of three videos on the instruments of trade policy. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Instruments of Trade Policy: Part 1 - The Effects of a Tariff
zhlédnutí 991Před 3 měsíci
In this video, I discuss the impact of a tariff on a large country and a small country. This is the first of three videos on the instruments of trade policy. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: Standard Trade Model: Part 3 - Trade Between Two Countries
zhlédnutí 490Před 3 měsíci
In this video, I discuss the Standard Trade Model. This is the third of three videos on this model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: Standard Trade Model: Part 2 - Indifference Curves
zhlédnutí 645Před 3 měsíci
In this video, I discuss the Standard Trade Model. This is the second of three videos on this model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Standard Trade Model: Part 1
zhlédnutí 707Před 3 měsíci
In this video, I discuss the Standard Trade Model. This is the first of three videos on this model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Heckscher-Ohlin Model of trade: Part 3 - trade between two economies
zhlédnutí 976Před 4 měsíci
In this video, I discuss the Heckscher-Ohlin model of trade. This is the third of three videos on this model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Heckscher-Ohlin Model of Trade: Part 2 - a single country
zhlédnutí 822Před 4 měsíci
In this video, I discuss the Heckscher-Ohlin model of trade. This is the second of three videos on this model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Heckscher-Ohlin model of trade: Part1 - a single country
zhlédnutí 2,1KPřed 5 měsíci
In this video, I discuss the Heckscher-Ohlin model of trade. This is the first of three videos on this model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Specific Factors Model: Part 3 - The Gains From Trade
zhlédnutí 677Před 5 měsíci
In this video, I discuss how the gains from trade are illustrated in the specific factors model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Specific Factors Model: Part 2 - Trade Between Two Countries
zhlédnutí 864Před 5 měsíci
In this video, I discuss how trade between two countries is modeled in the specific factors model. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Specific Factors Model: Part 1 - A Single Economy
zhlédnutí 1,5KPřed 6 měsíci
In this video, I discuss how the specific factors model works for a single economy. Dr. Azevedo Department of Economics and Finance University of Central Missouri
International Economics: The Ricardian Model of Trade: Part 6 - Extensions
zhlédnutí 645Před 6 měsíci
International Economics: The Ricardian Model of Trade: Part 6 - Extensions
International Economics: The Ricardian Model of Trade: Part 5 - A Numerical Example
zhlédnutí 1,1KPřed 6 měsíci
International Economics: The Ricardian Model of Trade: Part 5 - A Numerical Example
International Economics: The Ricardian Model of Trade: Part 4 - Misconceptions about Comp. Advantage
zhlédnutí 851Před 6 měsíci
International Economics: The Ricardian Model of Trade: Part 4 - Misconceptions about Comp. Advantage
International Economics: The Ricardian Model of Trade: Part 3 - Trade in the One Factor Model
zhlédnutí 1,6KPřed 6 měsíci
International Economics: The Ricardian Model of Trade: Part 3 - Trade in the One Factor Model
International Economics: The Ricardian Model of Trade: Part 2 - A Single Country
zhlédnutí 2KPřed 6 měsíci
International Economics: The Ricardian Model of Trade: Part 2 - A Single Country
International Economics: The Ricardian Model of Trade: Part 1 - The Farmer and the Rancher
zhlédnutí 3,8KPřed 6 měsíci
International Economics: The Ricardian Model of Trade: Part 1 - The Farmer and the Rancher
International Economics: Introduction to International Economics and the Gravity Model
zhlédnutí 7KPřed 6 měsíci
International Economics: Introduction to International Economics and the Gravity Model
Chapter 21: Theory of Consumer Choice - Utility Maximization
zhlédnutí 41KPřed rokem
Chapter 21: Theory of Consumer Choice - Utility Maximization
Elasticity - How to Calculate it the Easy Way - Principles of Economics
zhlédnutí 25KPřed rokem
Elasticity - How to Calculate it the Easy Way - Principles of Economics
Chapter 18: The Market for Factors of Production - Principles of Economics
zhlédnutí 18KPřed rokem
Chapter 18: The Market for Factors of Production - Principles of Economics
Principles of Economics: Change in demand vs change in quantity demanded: How to tell the difference
zhlédnutí 1,5KPřed rokem
Principles of Economics: Change in demand vs change in quantity demanded: How to tell the difference
This man is a marvelous teacher
Thank You so much for how you explained everything. It actually makes sense compared to reading the textbooks.
Hall Jose Anderson Nancy Perez Cynthia
Moore Cynthia Lee Dorothy Hall Richard
My mind just blew away seeing the trade results
Thank you!
Hi, mathematician here (retired) with an interest in economics. Thanks for these lectures, but you mention "the book" several times; may I ask which book?
I use Mankiw’s Principles of Economics. It’s an excellent book.
@@DrAzevedoEcon Thanks, I'll look into it.
Where is other videos ? From chapter 4 to chapter 9?
Right here: czcams.com/play/PLTjEimbqDkpBL55W6wye1jTcYePjehkT3.html
Wouldnt the have to trade 20 oz potatoes for 5 oz og mea? (32/8 = 4)
No, because the trade needs to imply a price that falls in between the opportunity cost for the farmer and the rancher. If the trade implies a price exactly equal to the opportunity cost for one of the people, that person would not agree to it because there's no use for them to trade....they would be paying a price exactly equal to what it costs them to produce it.
hello professor, are you continuing to produce more videos?
Hearty thank you respected professor🙏🕉️💚🇳🇵🇳🇵 Yours teaching style is so effective and easy to understand I am from Nepal..
Thank you Dr. Azevdeo , from Pakistan I want to thank you from my heart, your videos cleared my concepts
I'm sorry, I fell asleep one minute in. Why pie? I would use the letter "C" because I like cake. It's always nice to see an expert make something more complicated than it has to be. After running a mid size Corp. for 41 years I have no idea how I could have been so successful without this overly complex explanation. Rule one, KISS. Keep it simple stupid.
perfect
You deserve the Dr. title Sir, what an amazing teacher you are. God bless you
Thank you so much sir for this informative video😃
GDP is not the real measure of the economy, if we consider the economy as a study of satisfying both the consumption, and the happiness of people.
You're correct. Economists are the first to point this out. If you'll go watch my video on GDP, you'll hear a discussion of the things that GDP doesn't measure. Of course, this doesn't diminish its usefulness as one of the indicators of a healthy economy.
Sir your videos have helped me to have a broad understanding with the course ...i really appreciate
My lecture
Thank You Sir!
Last wetata uliwakulekafye
Thank you sir! That was really beneficial
Thank you sir you really make principle of economics attractive
Can I ask why we don't have enough videos of other chapters?
I have recently been creating videos for upper-level classes, but I have plans to create videos for the other chapter in Mankiw. Do you have a request for which chapters you would like to see videos for?
@@DrAzevedoEcon i actually havent read the book yet. Im studying macro by your videos. I will watch all of videos you uploaded in this series. It's would be more wonderful if you make some videos analyzing recent world economic events. Thank you a lot, sir
The last time I checked capitalism is NOT a barter system.
You're correct, but you've missed the point. The point of this particular video is to discuss and illustrate the sources of the gains from trade. If you want to see a more thorough discussion of the model that includes prices, take a look at the videos on the Ricardian Model in my playlist for International Economics. czcams.com/play/PLTjEimbqDkpBxcrJl6t8c_87B8zYmr4Mh.html
@@DrAzevedoEcon Thanks for the reply. The point was that under capitalism the source of gains cannot come from trade like that of a barter economy. Within a barter system two different qualities (i.e. meat and potatoes) are exchanged directly, therefore making it possible for individuals to ‘gain’ through exchange. However, capitalism is defined as a system of production and exchange for profit. In other words, we now have a group of people who start with a given sum of money and end with a given sum of money. It’s no longer about trading different qualities but increasing the quantity of the same quality (money). And what would be the point of exchanging the same amount of money (i.e. $100 for $100)-who would gain from that trade? Therefore, the source of gains (profit) must be in the sphere of production not exchange. If you’re interested, both Piero Sraffa and Karl Marx have critiqued Ricardo on this issue.
@@coreyjones8273 Trade doesn't have to be goods for goods. If I take some money and exchange it for goods, that is also a trade. None of the conclusions that I come to are dependent on barter, and everything relates just fine to a capitalist system. I'm familiar with the criticisms....I don't find them persuasive.
thank you for your wonderful video sir, will you have videos about econometric?
You're welcome! I don't have any plans to make videos for econometrics, but I have had some requests for them. I just may have to.
Thank you so much Sir! Love the way you explain things. Lots of respect, love and good wishes from India. ❤
Great Teacher! My uni lecturers should learn from him.
Can you please explain Solow model of economic growth?
thank you
This was actually interesting, made the subject whole lot fun.
Thank you very much for this video! Godbless you sir
Thanks you so for your lecturing. It's helped me during my exam, from south Sudan 🇸🇸🇸🇸✌️
It's the hour of valuable knowledge that made available for those who might not have chances. Thank you such generousity shared to students. Enjoyable and Valuable. Thank you.
at 52:27 why is w/Pf rising?
At 26:48 when you calculate farmer and rancher’s wage, shouldn’t is be wage times 1/al = 2x 1/(1/4)= 8 and not 1/2 Likewise for ranchers wage = w x 1/(1/3)= 6x3 = 18
I agree, I think you're right
You are the best. Thank You for everything. I had an A in Micro and Macro 🙏🏽💌
You are too good sir please carry on and keep do it in student of economics in India and you are fab ❤
Is he writing backwards
I an Indian And attending this lecture. i am not getting bore
aS CLEAR as Evsey Domar at MIT phD program 1968 maybe clearer!!!
aS CLEAR as Evsey Domar at MIT phD program 1968 maybe clearer
You are making a false assertion when you claim that the "nature of money has changed" when someone writes a check or uses a debit card, that is 100% false. You are conflating a means of payment, the transfer of a debt obligation (credit), for the medium of exchange, what is owed as payment (an asset, money). Checks as well as debit cards, credit cards, money orders, etc., are a means of payment, referred to as a generally accepted (institutional) arrangement or method that facilitates the delivery of money from one to another. Checks, debit cards, credit cards, money orders, etc. are not forms of money. There is no such thing as "fractional reserve lending", banks aren't sitting around waiting for people to deposit cash so they can make loans. That story has been debunked countless times by the Fed, the BoE, Standard & Poors, and by anyone who can read a bank balance sheet. And yes, Modern Money Machanics was proven to be a complete wortk of fiction. Banks don't need or use deposited money when generating loans. Deposit accounts are bank liabilities representing the account holder's legal claim to money, they are not money. Banks crediting and debiting user accounts (bank liabilities) in the amounts is not a form of money. There is no such thing as a digital or electronically transferrable dollar. carl-random-thoughts.blogspot.com/2016/02/money.html .
you are an inspiration for us
Where should I start from as being very new to economics?
sir I would like to ask about the wages. Is the amount of wages still would be the same regardless the number of labor ? Thank you
You have our endless gratitude 🙏🫂
This teacher teaches better than my IIM professor !
where are the other chapters ? like chapter 19 20. Plesea if there are the other chap notify me, your videos are masterpieces
Wow, great video and teaching. Thank you!