A regular economy is an economy characterized by an excess demand function which has the property that its slope at any equilibrium price vector is non-zero. In other words, if we graph the excess demand function against prices, then the excess demand function "cuts" the x-axis assuring that each equilibrium is locally unique. Local uniqueness in turn permits the use of comparative statics - an analysis of how the economy responds to external shocks - as long as these shocks are not too large. An important result due to Debreu (1970) states that almost any economy, defined by an initial distribution of consumers' endowments, is regular. In technical terms, the set of nonregular economies is of Lebesgue measure zero. Combined with the index theorem this result implies that almost any economy will have a finite (and odd) number of equilibria. (Wikipedia).
The gig economy is in the news a lot lately, but what is it exactly? As part of our Video Dictionary series, this short animation provides you with a concise description of the economic term. About The Gig Economist: Freelancing, self-employment, portfolio careers, and the gig economy
From playlist Switching Careers
The Monolithic Economy of The U.S.A
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The United States of America, the wealthiest, most powerful nation on the planet by a very resp
From playlist Countries Economies Explained
Types of Goods and the Four Main Economic Systems
With microeconomics covered it's time to dive into macroeconomics! We will begin by looking at the four main economic systems. This will require that understand the types of goods and services, those being rivalrous or non-rivalrous, excludable or non-excludable, with these labels mixing a
From playlist Economics
The Purpose of Mixed Economies
We've talked about free market economies and command economies, but the truth of the matter is that nearly every country on Earth utilizes a mixed economy, which blends aspects of each of the aforementioned economy types. Whether talking about the United States, European nations, or almost
From playlist Economics
We are – almost all of us – deeply attracted to the idea of being normal. But what if our idea of ‘normal’ isn’t normal? A plea for a broader definition of an important term. If you like our films, take a look at our shop (we ship worldwide): https://goo.gl/ojRR53 Join our mailing list: h
From playlist SELF
In this video, you’ll learn more about the gig economy. Visit https://www.gcflearnfree.org/freelance-work/what-is-the-gig-economy/1/ for our text-based lesson. This video includes information on: • What the gig economy is and why it's gaining momentum • The impact of the gig economy • Exa
From playlist Switching Careers
The Economy of The U.S.A (Part 2): The Modern Global Empire
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The United States became the world's largest economy in the early 20th century and though massi
From playlist Countries Economies Explained
If you are interested in learning more about this topic, please visit http://www.gcflearnfree.org/ to view the entire tutorial on our website. It includes instructional text, informational graphics, examples, and even interactives for you to practice and apply what you've learned.
From playlist Switching Careers
India: The Next Economic Superpower
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ India is soon to be home to the largest population of citizens on the planet. And as of 2014, t
From playlist Countries Economies Explained
What Can We Learn from the Richest Country in the World?
Get a 60-day free trial at https://www.shipstation.com/economic. Thanks to ShipStation for sponsoring the show! This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained Discover
From playlist Countries Economies Explained
How the U.S. Economy Just Lost 33% of its Value
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Last Thursday on the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd q
From playlist Case Studies
The Unstoppable Economy Of Hong Kong: The Land Of Billionaires
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Hong Kong has done very well for itself as a global-middle-man. And the meteoric rise of its ne
From playlist Countries Economies Explained
The Weird and Wonderful Economy of Vatican City
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ This is Vatican city. The smallest widely recognized sovereign state in the world. This tiny n
From playlist Countries Economies Explained
The Economic Policies of the 2020 Election - Trump v. Biden | Economics Explained
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The US federal election will be held in 2 days from when this video is published. The process
From playlist Case Studies
The Economics of Stimulus Packages
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Inarguably, it's pretty bad right now. Businesses are closing, unemployment is rising, and peo
From playlist Case Studies
The Gig Economy is Terrible: Here's Why
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From playlist Philosophy & Psychology 🧠
Why Canada Is Banning Foreigners From Buying Homes
Go to https://establishedtitles.com/Economics and help support the channel. They are now running a massive Valentine’s Day Sale, plus 10% off on any purchase with code ECONOMICS. Thanks to Established Titles for sponsoring this video! Established Titles is a fun novelty gift, meant for a
From playlist Case Studies
No. China Is Not Going To Collapse... Yet
Keep exploring at https://brilliant.org/economicsexplained/. Get started for free, and hurry—the first 200 people get 20% off an annual premium subscription. Sponsored by Brilliant ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out
From playlist Countries Economies Explained
In this video, you’ll learn more about the sharing economy. Visit https://www.gcflearnfree.org/using-the-web-to-get-stuff-done/what-is-the-sharing-economy/1/ for our text-based lesson. This video includes information on: • An explanation of the sharing economy • Examples of the sharing ec
From playlist The Sharing Economy
Get 10% off your Squarespace subscription today! 👉 http://squarespace.com/economicsexplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Ancient Egypt was amongst the first major human civilizations in existence. Outside of being genuinely fascinating the economy of ancient Egypt is enlightening to real
From playlist Countries Economies Explained