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Jodi Beggs: Economists Do It With Models

This site was started by Jodi Beggs, currently a lecturer at Northeastern University who has made many advancements for Economics in pop culture (like economics lessons in The Simpsons). Her posts appeal to a wider audience with easy to understand narratives, humor and wit.

Comparing the GDP Deflator and CPI for Calculating Inflation

This video discusses two different ways of calculating inflation- using the consumer price index (CPI) and using the GDP deflator- and goes through the relevant features of each. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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The Logic Behind Present (Discounted) Value

This video walks through where the formula for present value comes from and what it represents. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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Indifference Between Indifference Curves?

This video addresses a viewer question from an earlier video on difference curves, namely "can a consumer be indifferent between different indifference curves?" (spoiler alert: the answer is no) By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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Why Indifference Curves Can’t Cross

This video explains why sensible indifference curves can't intersect. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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The Expenditure Categories of GDP

This video reviews the categories of aggregate expenditure (consumption, investment, government purchases, exports, imports) and shows how they fit together in order to count specifically the expenditure on an economy's production, or GDP. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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Indifference Curves with Goods and Bads

This video shows what indifference curves look like when goods can be "bads"- i.e. can give consumers negative utility. Examples of bads include pollution, noise, and so on, and consumption of such goods can be incorporated into the standard utility maximization or consumer choice framework in a pretty straightforward way. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter:...

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Average Total Cost with Multiple Outputs

This video explains how to calculate average total cost for a firm that produces more than one type of output. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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