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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,  2,858 total views

 2,858 total views

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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 […]

 3,988 total views,  2 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.  4,829 total views,  2 views today

 4,829 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.  4,922 total views,  2 views today

 4,922 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.  6,108 total views

 6,108 total views

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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.  6,842 total views,  4 views today

 6,842 total views,  4 views today

Categories
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 […]

 4,565 total views

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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.  4,934 total views

 4,934 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.  4,294 total views

 4,294 total views

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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 […]

 4,167 total views

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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.  3,547 total views

 3,547 total views

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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.  4,468 total views,  2 views today

 4,468 total views,  2 views today

Categories
Business Economics

⨘ } 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 […]

 19,743 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.  3,955 total views

 3,955 total views