Compensating & Equivalent Variations (Varian 14.8)

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This video explains how to calculate compensating and equivalent variations with Cobb-Douglas utility function.

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This is the best description of the CV and EV concepts that I've seen so far on the web. Distinguishing the periods is the key. Thank you, Iris.

mmdkarimi

5 minute video better than my 2hour lecture in uni, thanks

leejameson

She just explained in 5 minutes what my professor couldn’t in an hour long lecture 💀

dr.woozie

Oh thank god, finally a decent explanation! Genuinely took me an hour to find one.

dklimov

normally i always watch explanatory videos in my native language. i came across this video by aciident and find it easy to understand despite the language barrier. maybe i will watch more english videos in the future if it is explained so simply. :)

Nathan-pehx

Your explanations are so effortless compared to my professor. Thank you so much!

micah

Thank you so much. You are a lifesaver... following you over two years

jezzy

Your videos always help in clarifying the concepts, thank you 🙏🏾🌻

hemalisurve

Such a great explanation. Thanks a bunch

DanielRTSC

Your explanations are very easy to understand!
Thank you so much. This video helped a lot in understanding the concepts

_.aloinE

Thank you for your great work !!! It gives better intuition than my Professor in Korea! Keep up ma'am!

riddler

Thank you! My question is, how would you calculate Consumer Surplus for this problem?

earnestsalgado

Thank you so much for this video, it really helpful

adyatmaputra

I love you. Thank you so much for this

vampiregirl

Thanks a lot ma'am... !! Awaiting for many such important concepts to hear from you..

akileshanbu

Hello Iris, I don't know if you'll be able to see this, but the video seems pretty recent so I'll give it a try.. you use U = m / 2 sqrt (p1*p2) in order to find original utility. What's the original function for it in general? also, is it possible to use that formula in questions that are not Cobb-Douglas?

dylanpark

Hi. Franz, thank you so much for such a great and helpful videos in your YouTube chanel. Can you please publish more videos about Vairans chapter. For example from chapter 19, simply about producer theory, and thanks a lot☺️

marvinatursun

Can you please make a video on chapter 31 exchange

divyayadav

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