Intermediate Microeconomics - Chapter 1 The Market

[@francisgeoghegan8121]

Will you please post more videos as they are excellent. It is such ashame that there are so few. Thank you for the ones you have posted they have been most helpful.

[@vaibhavkeshari9620]

Please do so!!!

[@mondaljis_cooking]

THANK YOU SIR, EVEN AFTER 7 YEARS I AM TRYING TO LEARN THE FIRST TWO CHAPTER OF MICRO USING YOUR LECTURES!!! RESPECT FROM INDIA🇮🇳

[@张友锴]

We're using varian's textbook as well!

[@bushrazaman1959]

Thanks for making amazing lecture.its really amazing.

[@hannahnyambe6686]

This is very helpful 🙏

[@txxu1016]

Thanku so .......much Sir!...I am from India ...sir u explain it in very simple way . 😊😊

[@ZainKhan-ez9oy]

Thankyou🙂

[@mahboobahmad7970]

Can anyone help me to solve out the exercise of this book

[@Soraaa7]

Please make more videos like these sir.

[@kajal-mv6yx]

Hey if you could help me with some more videos on various different chapters of varian workbook

[@bibimathew6381]

Hey, I was wondering what text book you used to teach this course? Thank you so much for the video. It was very helpful

[@burkhardc.schipper9462]

Bibi Mathew I use Varian, H., Intermediate Microeconomics, Norton. The book is rather expensive. But the core chapters didn't change over the last 20 years. So any older edition will do. They are cheap to get.

[@zhou4168]

thank you, professor

[@emiliosalinas7677]

In the example of Ann and Bob, the Pareto efficient allocation does not make Ann better off, so I guess that means that Pareto efficiency doesn't necessarily require that one is made better off, but only that one is made worse off. Is that correct?

[@burkhardc.schipper9462]

Emilio Salinas I am not sure to which of the examples you refer to. An allocation is Pareto efficient if nobody can be made better off without making somebody worse off.

[@emiliosalinas7677]

Burkhard C. Schipper Thanks for the response Professor. The example of the pear and apple. When Bob has the apple and Ann has the pear (at 27:40) it is Pareto efficient, but if the allocation was switched where as Bob received the pear and Ann the apple, Ann is not gaining, but Bob is losing. In this case neither one is gaining from the switched allocation but it is still considered Pareto efficient. Is that just a rare exception?

[@burkhardc.schipper9462]

Emilio Salinas The allocation in which Bob receives the pear and Ann receives the apple is Pareto I n e f f i c i e n t. This is because we can find a Pareto improvement. Namely, if we give Ann the pear and Bob the apple, Ann does not become worse off but Bob becomes strictly better off.

[@emiliosalinas7677]

Burkhard C. Schipper When Bob receives the apple and Ann the pear, it is P efficient because the other alternative would make Bob worse off? But it would not make Ann better off. There is no allocation in which either Bob or Ann would be better off, but it is still P efficient.

[@burkhardc.schipper9462]

Emilio Salinas I am not sure what is your point. The allocation in which Bob receives the apple and Ann receives the pear is Pareto efficient. This is because we cannot find a Pareto improvement. That is, we cannot find another allocation in which we can make somebody better off without making another worse off. The only other allocation is that Ann receives the apple and Bob the pear. But this would make Bob strictly worse off (and does not improve Ann). If it is still not clear, then I suggest that you discuss this example with your teacher.

[@gouravkumar-do6qh]

Plz try to post more videos

[@IvaaPr]

When you say that in cosumption theory more is awlays better do we disregard the idea of diminishing marginal utility? won't there be a point where more is no longer better?

[@reneeliu6676]

I think he meant by the expansion of overall utility if there are more stuff.

[@raihankhan4374]

Just when I find a channel that is teaching exactly my textbook there's only two chapters covered 😭😢😭😢

[@atharva2982]

did you find any channel?

[@raghavr2169]

@@atharva2982 check @ben zamzow

[@himalacharya1046]

@@raghavr2169 ben zamzow's videos are so scattered. How do you find the required chapters from his videos?

[@Aditya-mb9lr]

Sir, I need some more chapters of microeconomics like preference,utility, choice,demand etc. Please made videos as soon as possible.

[@perilsofmelancholic]

great video but the sound of the chalk on the board is soooooo annoying and creeps me out

[@syedadnanibrahim6288]

the chawk sound sucks

[@WashingtonMonster86]

This guy is trying way too hard to look like Hayek circa 1920s.

[@martonk]

And to sound like him aswell