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Business Economics Q & A Q & A ECONOMICS

⨘ } Error with gEcon installation on Apple MAC

error: unable to load shared object ‘/Library/Frameworks/R.framework/Versions/3.4/Resources/library/gEcon/libs/gEcon.so’ try setting up links, e.g. ln -s /Library/Frameworks/R.framework/Versions/3.5 /Library/Frameworks/R.framework/Versions/3.5 make sure all subdirectories are there before you try to make links,  2,299 total views,  5 views today

 2,299 total views,  5 views today

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Business Economics

Economics } 012 } Economics Growth } GDP } Business Cycle }

This lecture discusses economics growth, GDP, and business cycle. Economics fluctuations in outputs cause business cycle. If we plot GDP versus time, we come to see an interesting cyclic behavior in GDP which is termed as business cycle. After suffering through contraction phase, economy enters in recession and then recovery and expansion phases. A proper […]

 3,806 total views,  6 views today

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Business Economics

Economics } 011 } Urban Real Estate Pricing }

This lecture discusses real estate pricing. [ ►Subscribe ] Leprofesseur } on YouTube. We appreciate your feedback and support. Do not forget to give thumbs-up 🙂 Sincerely, H.  4,675 total views,  2 views today

 4,675 total views,  2 views today

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Business Economics

Economics } 010 } Applied consumer theory } Labor supply }

This lecture discusses effect of wage increase on labor supply. [ ►Subscribe ] Leprofesseur } on YouTube. We appreciate your feedback and support. Do not forget to give thumbs-up 🙂 Sincerely, H.  4,790 total views,  2 views today

 4,790 total views,  2 views today

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Business Economics

Economics } 009 } Consumer Theory } 1 }

This lecture discusses consumer theory. Utility with budget set, isoelastic and exponential utility functions are discussed. [ ►Subscribe ] Leprofesseur } on YouTube. We appreciate your support and feedback. Sincerely, H.  5,946 total views,  2 views today

 5,946 total views,  2 views today

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Business Economics

Economics } 008 } Producer Theory } 3 }

This lecture discusses concept of shadow value and effect of input price changes on firm’s equilibrium condition with respect to profit maximization. Please [ ►Subscribe ] { Leprofesseur } on YouTube. We appreciate your support and feedback. Sincerely, H.  6,658 total views,  4 views today

 6,658 total views,  4 views today

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Business Economics

Economics } 007 } Producer Theory } 2 }

This lecture further discuss production theory in terms of profit maximization choosing labor. A detailed discussion on mathematical formulation of profit equation, complements, and substitutes is presented. Entrepreneur tries to maximize profit, labor and capital are typical inputs to this economic model, delivery services are outputs and the production function’s role is to realize this […]

 4,407 total views,  2 views today

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Business Economics

Economics } 006 } Producer Theory } 1 }

This lecture introduces producer theory, cobb-douglas production function, and marginal product. Please [ ►Subscribe ] Leprofesseur } on YouTube. Sincerely, H.  4,766 total views

 4,766 total views

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Business Economics

Economics } 005 } Elasticity }

This lecture discusses concept of elasticity in economics. Elasticity of demand and supply is discussed. [ ►Subscribe ] { Leprofesseur } channel on YouTube. This helps to keep you updated with latest lectures. Sincerely, H.  4,137 total views,  2 views today

 4,137 total views,  2 views today

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Business Economics

Economics } 004 } Demand, Supply, and Equilibrium }

This lecture discusses the concept of demand, supply, and economic equilibrium. How the prices and quantity traded tend to move under demand and supply curves. Examples of surplus and shortage are discussed. This important economic concept is applied directly or indirectly in all forms of markets where there is a buyer and there is seller […]

 4,023 total views,  2 views today

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Business Economics

Economics } 003 } Supply and Profit }

This video lecture discusses supply and its relation to profit. What value of quantity sold maximizes profit, and how we can set up mathematical equation for maximization of profit. Do not forget to subscribe { Leprofesseur } channel on YouTube. We appreciate your support. Sincerely, H.  3,386 total views,  2 views today

 3,386 total views,  2 views today

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Business Economics

Economics } 002 } Consumer Surplus }

This video lecture discusses about marginal value, consumer surplus and how we can know calculate it. If you need private lessons, you may contact at: hr@Leprofesseur.org Do not forget to subscribe { Leprofesseur } YouTube channel. Sincerely, H.  4,334 total views,  4 views today

 4,334 total views,  4 views today

Categories
Business Computing Economics Scientific Computing Tutorials

Tutorials } gEcon – R: A quick guide }

This video lecture takes you through basic steps to work with gEcon economics package for R. An example with plots is discussed. A trick to work with latest R software version and gEcon library on Mac operating system is discussed. If you need private lessons, you may contact at: hr@Leprofesseur.org Do not forget to subscribe […]

 19,547 total views,  4 views today

Categories
Business Economics

Economics } 001 } Introduction }

This lecture introduces economics, what economists do, opportunity cost, sunk cost fallacy. Do not forget to subscribe { Leprofesseur } YouTube channel. Sincerely, H.  3,793 total views,  2 views today

 3,793 total views,  2 views today