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Home Clips Microeconomics Macroeconomics AP ECON / Foundations Labor/Trade Personal Finance How to teach A Simple Plan to Teach Consumer Choice American Saturday Night Amish Paradise (Technology) And the Money Kept Rolling In Paradise (Types of Goods) Privilege to Pee (Water Rights) Shoes Thrift Shop Video Killed the Radio Star Why Submit an Idea Why Do This? Subscribe About
Music 4 Econ
Music 4 Econ

Twice, "More and More"

When a product/service is an economic good, "more is better". However, in real-life we have a limited amount of money available. To maximize our utility with limited money, we find a combination of goods where the budget constraint and the indifference curve meets.

MicroeconomicsWayne GeerlingNovember 19, 2020indifference curve, completeness, transitivity, diminishing marginal utility, budget constraint, optimal choice, K-pop
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Yoon Mirae, "Flower"

MicroeconomicsWayne GeerlingNovember 21, 2020behavioral economics, altruism, reciprocal, inequity averse, K-drama, payoffs
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BTS, "Seesaw"

MicroeconomicsWayne GeerlingNovember 19, 2020nash equilibrium, coordination, communcation, signaling, simultaneous games, sequential games, K-pop