This post continues from Collection of Works (Part 1). The categories included in Part 2 are as follows:
- Economic Theory
- Cost Benefit Analysis
- Market Structure
- Economics Facts
- Economics is everywhere
I have written quite a few posts relating to economic theory. Most of these posts focus on explaining the economic theory as well as how the theory is applied to the real world. Economics is often taught in a way that is detached to the real world and I have attempted to close the gap with several of these posts. Economic theories also tend to be interlinked. On most occasions when I discuss a theory, knowledge of another theory is required.
Economics Basics - Utility and Choice
Economics Basics - Cooperation and Specialisation
Economics Basics - Time vs Quantity
Economics Basics – The Market
Economic Basics - Money
Economics Basics - Authority
Demand and Supply - Part 1 Partial Market Equilibrium
Demand and Supply - Part 2 Demand and Supply from an Individual's Perspective
Demand and Supply - Part 3 Demand and Supply from a Firm's Perspective
Making the Most of Our Time
The Different Types of Economic Efficiency
Economic efficiency explained in video
Economic Concepts #1 - Utility
Economic Concepts #2 - Specialisation
Economic Concepts #3 - Substitutes vs. Complements
Economic Concepts #4 - Auctions
Economic Concepts #5 - Demand, Supply and Equilibrium
Economic Concepts #6 – General Equilibrium
Economic Concept - Demand and Supply (Video)
Economic Concepts - Complements and Substitutes Explained
General Equilibrium Theory - Understanding the Basics
Economic Concepts #7- Indifference Curves
Economic Concepts #8 - Giffen Goods
Specialisation - Comparative Advantage
Economic Concepts #9 – Price elasticity of demand
Economic Concepts - Auctions (Video)
Indifference Curves - First to answer both questions correctly wins 1 SBD, all attempts will receive upvotes
Economic Concepts - Giffen Goods (Video)
Difference between Macroeconomics and Microeconomics
Economic Concepts #10 – Marginal Utility
Economic Concepts #11 - Externalities
Economic Concepts #12 – Opportunity Cost
Economic Concepts #13 – Commodity Bundling
Economic Concepts #14 – Price Discrimination
Relative Utility Approach
Will we always have a market for lemons?
Applying Intertemporal Choice
Marginal Utility Explained
Externalities Explained (Video)
Price Discrimination (Video Version)
Commodity Bundling (Video Version)
Cost Benefit Analysis
I have many posts dedicated to cost benefit analysis (CBA). When I worked in Government, conducting and reviewing CBA was a critical part of my job. I thought I would take the opportunity to share my knowledge. My posts look at both theory and application.
Cost Benefit Analysis Video
Cost Benefit Analysis Discount Rate
Cost Benefit Analysis Assumptions
Social impact evaluation an integrated-approach to project evaluation
Integrating social impact evaluation with cost benefit analysis
Cost benefit analysis criteria for decision making
Cost benefit analysis sensitivity analysis
Cost benefit analysis sensitivity analysis excel model project output sensitivity tester post
Cost Benefit Analysis – Basics
Economic concepts - cost benefit analysis steps involved
In my market structure series, I described and explained 6 different market structures. I explained these over 14 posts, 7 written posts and 7 videos. The videos supported the content in the written posts as well as provided my audience with an alternative medium to experience my content. The written and video series also included introduction posts that provided a broad overview of the content.
The series explained the theory as well as the application of these market structures to the real world. The oligopsony market structure was explained in the context of Steem. As Steem, with its stake-based voting system resembles a market structure with many sellers but very few buyers (i.e. users receive most of their post payout from just a few users/buyers).
The real world application of market structures is an important area that readers, both economists and non-economists, should understand. As the type of market structure adopted determines who has the greater influence over price and quantity as well as who takes away the most surplus. Oligopoly and monopoly benefit the sellers whereas perfect competition and monopsony benefit the buyers. The entire series can be accessed using the links below.
Market Structure #1 - Introduction
Market Structure #2 - Perfect Competition
Market Structure #3 - Monopolistic Competition
Market Structure #4 - Oligopoly
Market Structure #5 - Monopoly
Market Structure #6 - Monopsony
Market Structure #7 – Oligopsony (Is Steem an oligopsony for content creators?)
Introduction to Market Structure - Video Series
Market Structure (The Video Series) - Perfect Competition
Market Structure (The Video Series) - Monopolistic Competition
Market Structure (The Video Series) - Oligopoly
Market Structure (The Video Series) - Monopoly
Market Structure (The Video Series) - Monopsony
Market Structure (The Video Series) - Oligopsony (Is Steem an oligopsony for content creators?)
An economics account on Steemit would not be complete without a section or series on macroeconomics. I consider myself more of a microeconomist but I also realise it is important to understand macroeconomic concepts and application. Macroeconomics is also where the most amount of manipulation takes place. I will, over time, be expanding on this series.
Macroeconomics Basic Concepts
Macroeconomics - Unemployment
Macroeconomics - Inflation
Macroeconomics - Fiscal Policy and Monetary Policy
Macroeconomic - Fiscal Policy and Monetary Policy Dtube Video
What’s going on with Brexit?
Free movement of people
Bill and Melinda Gates Foundation Discovery Centre Seattle (Video)
Trade, money, debt, waste, and power
Trade Bloc or Trade Block?
Brexit – Still hanging around
Technology – Curse or blessing?
Less jobs vs less working hours – Further discussion about efficiency and technology
Technology and Employment
Brexit confusion continues
Is Brexit actually going to happen?
The Brexit Election
Will Brexit unite the Commonwealth?
Economics Facts (Top 10s)
This series never really got going but I am still considering revisiting it at some point. When I first joined YouTube I made some videos where I analysed income and inequality in several different countries (mostly focused on OECD countries). On Steemit, I created posts containing these videos.
Top 16 highest earning countries
Top 10 countries OECD with the fastest growing income inequality
In which OECD country can you earn the highest income per hour?
Economics is everywhere
Economics is everywhere is a series that takes a look at how economics is literally all around us in our daily lives. This series contains both videos and written posts. This series mostly targets people who are less familiar with economics but are interested to know more about how economics affects them.
Economics is Everywhere #1
Economics is Everywhere #2 - Supermarket
Economics is Everywhere #3 - Going on a Date
Economics is Everywhere #4 - Working Out
Economics is Everywhere (Dtube Video)
Economics is Everywhere #2 - At the Supermarket (Dtube Video)
Economics is Everywhere - Even on a date
Economics is Everywhere - Going on Holiday (Part 1)
Economics is Everywhere – Going on Holiday (Part 2)
To be continued in Part 3 - Collection of Works (Part 3)
If you want to read any of my other posts, you can click on the links below. These links will lead you to posts containing my collection of works. These posts will be updated frequently.
Economics Udemy Course
I have launched my first Udemy course ‘Economics is for Everyone’. The course focuses on how economics affects everyday people, the decisions they make and how they interact with the world around them. The course contains 24 video lectures (about 4 hours of viewing), 64 multiple-choice questions (3 at the end of most lectures), 32 downloadable resources (presentation slides, additional notes and links to relevant Steem posts), and 2 scenario questions. The course is currently free-of-charge. Click the link above to access the course.