Marginalism

Related lectures (30)

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Explores risk aversion, complete markets, and optimal behavior in macro-finance models.

Explores imperfect competition, cartels, and oligopoly dynamics in markets, analyzing pricing strategies and market outcomes.

Discusses optimal abatement through marginal cost analysis and the impact of subsidies.

Covers optimizing agents and the transition from willingness to pay to demand.

Explores the impact of traffic congestion on commuters and society, emphasizing the importance of considering both costs and benefits.

Explores Arctic exploration history, from Vikings to modern decolonization efforts, highlighting challenges faced by indigenous groups.

Explores the concept of supply in economics, analyzing how production costs influence producers' willingness to sell goods.

Covers the estimation of R using bivariate normal distributions and explores the marginal and conditional distributions of X₁ and X₂.

Explores the technical derivation and properties of Multivariate Extreme Value models.

Explores the core principles of demand and supply in economics, including marginal benefit, willingness to pay, and market demand.