Hey all! I made a simplistic YouTube channel where I break down AP Econ topics in short, entertaining videos that are easy to follow along. I took both Macro and Micro in highschool scoring 5s on both the exams and I am currently majoring in economics at UC Berkley.

Here's a link to the channel: https://www.youtube.com/@easyecon2/videos

Reply/Comment with any topics that you want me to cover. Any Macro or Micro topic is fine.

Hi I am having trouble with my economics subject I was wondering if anyone had a spreadsheet which would help me solve the equations/visualise the graphs?

Hi I was wondering if you guys could give me some tips on how to do well in microeconomics

Hi there!

I'm, having a bit of trouble with Envelope Theorem. Intuitively, I get it, and when someone works it out in front of me I get what they are doing. But when it comes to setting up the theorem in a problem myself, I am getting stuck and getting my answers wrong every time. If someone has an easy explanation that I can follow, or has any good ways of remembering how to set it up - I'd be really grateful for your help!

Thanks!!

I made this song based off of Birth Of Rap- by Lil B, these the lryics, whats should I change to make it more economicsy or is it good?

[Intro]

(Girl Voice)

Just for now, just for now, just for now

Just for now, just for now, just for now

It's that time of year

Leave all that irrationality aside

If just for a little while

(Man)

Lil Dre, Econ God

[Verse 1]

I’m living life like Homo E-con-o-mi-cus,

Calculating utils, man, I’m serious.

Walking to Safeway, chicken tenders, they ain't glorious,

Monday’s 8 utils, by Friday, it’s laborious.

Five bucks a day, what a waste, I can see,

Spending all that cash? Nah, ain't for me.

Marginal utility, that’s the game we play,

Each tender’s worth less, what more can I say?

Cancel that subscription, ain't touched in months,

Paramount+, PlayStation, had enough.

Now I’m stacking my paper, watching it rise,

MacBook in hand, utility stays high.

9 utils an hour, oh yeah, I’m proud,

Compared to tenders? Yo, I’m on a cloud.

Every hour I use it, I just get more,

Feels like an investment, straight to the core.

[Chorus]

Homo Economicus, I’m living that way,

Maximize my life, keep the waste at bay.

Cash in my wallet, decisions on the line,

No more spending, I’m saving for just the right time.

Homo Economicus, yeah, that’s the path,

Maximize the utils, do the econ math.

[Verse 2]

Now when I’m cooking, I know what’s best,

My friend’s cleaning? Yeah, that’s less stress.

Comparative advantage, it’s clear to see,

I make the food, he cleans up after me.

It’s all about the trade-offs, use that time,

We specialize, and efficiency climbs.

Thirty bucks a week, nah, I’m cutting that down,

No more hotbars, I ain’t playing around.

Now it’s twenty-five in three weeks, whoa!

Subscriptions cancelled, I’m on a roll.

Utility per dollar? I’m keeping it real,

Save for the MacBook, that’s the better deal.

Each dollar saved now? Yeah, it’s worth more,

Invest in my future, so i wont be poor.

[Chorus]

Homo Economicus, I’m living that way,

Maximize my life, keep the waste at bay.

Cash in my wallet, decisions on the line,

No more spending, I’m saving for just the right time.

Homo Economicus, yeah, that’s the path,

Maximize the utils, do the econ math.

[Outro]

Homo Economicus, it’s how we do,

Every move I make, calculated and true.

Spending? Nah, I’ve got my eye on the prize,

Utils on utils, watch my life rise.

So next time you buy, think twice, you see,

Be a Homo Economicus kinda like me.

We out!

MRTS=Marginal Rate of Technical substitution. What does the technical part stand for?

(Another dumb question. Technical refers to the technological part of production correct? Or is it referring to the range of substitutions?)

Cuz the production function is about more than just technology like capital- (machinery, buildings, etc). It also involves labor is also considered materials like steel, plastic, skilled and unskilled workers, efforts of managers. I’m just confused as to why it’s called technical?

I know it’s a really dumb thing to get hung up on so thanks for who ever attempts to explain.

I need help with this question: Draw indifference curves that represent the following individuals’ preferences for hamburgers and soft drinks. Put hamburgers on the vertical axis and soft drinks on the horizontal axis: "Jane loves hamburgers and neither likes nor dislikes soft drinks". The answer for this question was that the indifference curves were HORIZONTAL.

I am just confused because I thought that it should be vertical indifference curves instead of horizontal. Because hamburgers are on the vertical axis, doesn't it mean that the consumers satisfaction depends on the amount of good Y (hamburger's)? And that the soft drinks would be on the horizontal axis, meaning they are neutral goods, so the consumers' satisfaction doesn't change as they receive more or less of the good?

What I am understanding, is that if Good Y is on the vertical axis, and Good X is on the horizontal axis; and if the consumer prefers Good Y, then the indifference curve should be vertical, since Good X is neutral. And if the consumer prefers Good X, then the indifference curve should be horizontal.

Consider the following utility function:

u = sqrt(x^2 + y^2) Why is the MRS for this function the same even if we square it?

I need help, i have no background in calculus. How do I do microecon with calculus. suggest some books or youtube channel