The logical contradictions have been exposed in Alex Gheg's video. Just ask 2 simple questions. What is quality? What is convenience? One equation can explain it all. youtube.com/watch?v=2c4mvGekYZY
I absolutely love the way you make economics accessible for minds of those who are just starting out, such as explaining things in terms of cheap beer, soda, cigarettes and pot, which make perfect sense to college students.
Jodi, you know you're a hot chickita. You play up the sex factor with your "Economists do it with Models" title and the woman's high heel in the graphic. Is that the only way you can get guys to watch your vids - by adding strong suggestive sex factors? I notice your dresses get progressively more appealing the further along your series I watch. My answer is: NO. You just need to explain your stuff clearly. Ta Da! Sex is not necessary. You just like the freakin attention, ahahahaha.
how will one determine whether or not I am working with an inferior good or normal good ....my professor gave this demand curve and ask is X a normal or inferior good....Qd = 500 - 5Px + 0.5I +10Py - 2Pz
@pledge2u You need to look at what happens to demand in response to a change in income. In this equation, I assume that income is represented by I. If the quantity demanded increases when income increases (holding everything else constant), then you have a normal good. If the quantity demanded decreases, you have an inferior good. (Hint: This all relates back to the sign of the coefficient on I.)
@jodiecongirl without plugging any numbers into the equation is it possible to tell the difference...do you have any slides or video that can show me how it is done
@jodiecongirl i am still confuse...because without plugging numbers in for income (I)...i or for price...am stump..I do understand the difference in inferior and normal goods in comparsion but not in a basic equation....I do understand that normal goods are positvely related and inferior goods are negatively related but the equation without plugging in number I dont understand how just by looking at the problem that I should be able to determine whether the good is inferior or normal
@pledge2u sorry, I must seem like a idiot...I get it now....thanks.....oh I have another question...does the same thing apply towards the relationship (complementary and substitution
ha i've been diggin all the cheeky post-edit notes that you throw it, it's refreshing to see a hint of your character thrown into the course content, but when you mentioned pot I had to laugh.
But there is a fundamental issue: prices don't determine demand. The causality is wrong.
Demand and supply (the preference scales of each individual) determine prices and quantities exchanged.
My preference to trade some item for money determines the price on the market. Maybe I prefer having 10 bucks than this item. That is an input into the market, rather than an output.
The price in the market does not set my preference.
@dumky its true but when speacking of the price, its actually true. as the price increces the quantity demanded decreces. i think she did not mention in order not to confuse us. remember we are talking just of deman not suply yet.
This has been flagged as spam show
The logical contradictions have been exposed in Alex Gheg's video. Just ask 2 simple questions. What is quality? What is convenience? One equation can explain it all. youtube.com/watch?v=2c4mvGekYZY
IlirMr 1 week ago
3 people are failing macro class
legolasl2740 1 week ago
4:36
not unless their filthy rich and use 1$ bills as toilet paper ;)
legolasl2740 1 week ago
Would you consider Allagash White Ale and Five Guys burgers to be perfect compliments?
lakersrchamps260 1 week ago 2
@lakersrchamps260 I'm not sure, so the only way to really way to find out is to perform some experiments. :)
jodiecongirl 1 week ago
wow, you are attractive and you teach well. thank you for helping me in my micro econ class!
bboydjoe 3 weeks ago
Cheers for this
Get your Tits out for the Lads ?
MILKYASAKJ 2 months ago
To all the confused pervs, think with your head up top, not down low.
LordUhai 2 months ago
wow.. such a great mind... great teacher... and gorgeous! totally had my attention!
amilkcart 3 months ago
masturbate and study econ
CyberTech2000 3 months ago
you spelled substitute wrong =P
Spawnfreitaz 5 months ago
Which Item is which and what goes where ? (The remains of the day).
Do not have ("Great Expectations").
After the crisis of 1929, I did not believe this one was possible (2008-2011).
May I recommend : "Economics".
Paul A. Samuelson. Massachusetts Institute of Technology.
International Student Edition.
McGraw-Hill Kogakusha, LTD.
4807avh 6 months ago
i never took economics in high school i did science, but now i am becoming more interested in it. thanks to you im understanding it more now :D
j12torts 7 months ago
why don't you guys stop being perverts! She is just trying to help!
Theideviceguy 9 months ago
when my income goes up, i use hundred dollar bills as toilet paper
DevilConFed 9 months ago
awfull presentation
ultra92100 9 months ago
TILF
ripthewrapping 1 year ago 11
I absolutely love the way you make economics accessible for minds of those who are just starting out, such as explaining things in terms of cheap beer, soda, cigarettes and pot, which make perfect sense to college students.
DestroyAllWarnings 1 year ago 7
if you take your clothes off I'd be more enclined to give a fuck
turbandirtie 1 year ago
Good video,but I don't like your example of Car and Gas are substitude.Maybe you shouldn't use other example!
270103023 1 year ago
Jodi, you know you're a hot chickita. You play up the sex factor with your "Economists do it with Models" title and the woman's high heel in the graphic. Is that the only way you can get guys to watch your vids - by adding strong suggestive sex factors? I notice your dresses get progressively more appealing the further along your series I watch. My answer is: NO. You just need to explain your stuff clearly. Ta Da! Sex is not necessary. You just like the freakin attention, ahahahaha.
StraightZeroQuotient 1 year ago
how will one determine whether or not I am working with an inferior good or normal good ....my professor gave this demand curve and ask is X a normal or inferior good....Qd = 500 - 5Px + 0.5I +10Py - 2Pz
pledge2u 1 year ago
@pledge2u You need to look at what happens to demand in response to a change in income. In this equation, I assume that income is represented by I. If the quantity demanded increases when income increases (holding everything else constant), then you have a normal good. If the quantity demanded decreases, you have an inferior good. (Hint: This all relates back to the sign of the coefficient on I.)
jodiecongirl 1 year ago
@jodiecongirl without plugging any numbers into the equation is it possible to tell the difference...do you have any slides or video that can show me how it is done
pledge2u 1 year ago
@jodiecongirl i am still confuse...because without plugging numbers in for income (I)...i or for price...am stump..I do understand the difference in inferior and normal goods in comparsion but not in a basic equation....I do understand that normal goods are positvely related and inferior goods are negatively related but the equation without plugging in number I dont understand how just by looking at the problem that I should be able to determine whether the good is inferior or normal
pledge2u 1 year ago
@pledge2u sorry, I must seem like a idiot...I get it now....thanks.....oh I have another question...does the same thing apply towards the relationship (complementary and substitution
pledge2u 1 year ago
HA @ Ciggs to Pot
kryspie88 1 year ago
ha i've been diggin all the cheeky post-edit notes that you throw it, it's refreshing to see a hint of your character thrown into the course content, but when you mentioned pot I had to laugh.
Acid0192 1 year ago
thanks girl I'm 2 lazy to read the textbook + u explain it better :)
Rahmaj90 2 years ago
The effort is laudable. Keep it up.
But there is a fundamental issue: prices don't determine demand. The causality is wrong.
Demand and supply (the preference scales of each individual) determine prices and quantities exchanged.
My preference to trade some item for money determines the price on the market. Maybe I prefer having 10 bucks than this item. That is an input into the market, rather than an output.
The price in the market does not set my preference.
dumky 2 years ago
@dumky its true but when speacking of the price, its actually true. as the price increces the quantity demanded decreces. i think she did not mention in order not to confuse us. remember we are talking just of deman not suply yet.
zerotsukaima 1 year ago
if you are reading that slavin book, then you are better off not reading it =)
DaehlieOwns1 2 years ago
nice video :) but pop ups were a bit distracting
rinzing 2 years ago
Wow, this really helps i never read the text book anymore, THANKS 2 JODI-ECON-GIRL!!!
--Woot Woot,
Good looks and Brains, which axis, hmmm??
thugnbone123 2 years ago