Will a die-hard Pokemon fan ever get tired of watching Detective Pikachu? The law of diminishing returns says he will, but this fan is 7 years old. He doesn't have to follow the laws of economics, right? See how many times he watches and his reaction to the movie (no spoilers).
Should more kids in developing countries be going to school? The UN thought so when it set the Millennium Development Goals...but they were wrong.
Want to know why countries are poor? Check out this video: https://youtu.be/gfDN4ey15W4
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References Cited:
"The Long-Term Decline of School Quality in the Developing World" By Alexis Le Nestour, Laura Moscoviz, and Justin Sandefur
The Rebirth of Education by Lant Pritchett
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https://www.youtube.com/watch?v=gfDN4ey15W4
Film industry giants like Netflix and Disney are battling with Georgia over its abortion bill. But how did Georgia become such a big film industry to begin with? The key is economics! In this video, we'll look at tax distortions and their impact on determining where people live and produce. We look at examples from Amazon HQ2, Vancouver Washington, Portland Oregon, and Alexander Hamilton's Report on Public Credit. Come learn about the Hollywood of the South (also known as GA GA Land and Y'allywood).
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Wikipedia article on Movie Production Incentives (MPI) by state: https://en.wikipedia.org/wiki/Movie_production_incentives_in_the_United_States
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https://www.youtube.com/watch?v=jNAIHv7vJtg
With Valentine's Day coming up, I wanted to share books that helped me fall in love with economics. They are some of the best books on economics to explore your interest. And I even share some romantic economics stories!
Freakonomics............https://amzn.to/2SlEKqT
Superfreakonomics...https://amzn.to/38yueC8
Armchair Economist..https://amzn.to/2OOEP4q
Nudge.........................https://amzn.to/37isUSB
Moneyball...................https://amzn.to/2UObCKn
Poor Economics.........https://amzn.to/2wfewxT
Two Lucky People......https://amzn.to/3bs1qNP
Follow me on twitter: https://twitter.com/MarketPowerYT
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https://www.youtube.com/watch?v=QSdW2qULhyE
If you have ever wondered why countries are poor, you should study development economics. It is the best field of economics and aims to make people's lives better.
Sign up for my newsletter here: https://marketpower.substack.com/
And you can find me on twitter: https://www.twitter.com/MarketPowerYT
RECOMMENDED VIDEOS
Fields of Economics Tier List https://youtu.be/kGnmMgELyLY
Poverty Traps were missing...until now https://youtu.be/SxrslLv9RxQ
The Best Way to STAND OUT as an Economics Student https://youtu.be/XbXsHn32VyY
6 Biggest Lies About Majoring in Economics https://youtu.be/_qUbSBog_rw
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https://www.youtube.com/watch?v=nCD4T0kUZrA
Improving education in developing countries is a priority, and closing the gender gap in STEM subjects is even more important. I show how the Queen of Katwe, a Disney movie, caused girls in Uganda to do better on math exams by giving them a role model to overcome stereotype threat.
Talk with me on twitter: https://www.twitter.com/MarketPowerYT
RECOMMENDED VIDEOS
Does it matter which parent earns money? | Development Economics https://youtu.be/GuY5ZGoq-Zw
The First Lesson In Economics Is WRONG | Development Economics https://youtu.be/i2zlhZHeWLU
6 Biggest Lies About Majoring in Economics https://youtu.be/_qUbSBog_rw
For more on this research, see:
"Role models in movies: the impact of Queen of Katwe on students’ educational attainment" by Emma Riley
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https://www.youtube.com/watch?v=2W6ytfsm44s
? Subscribe to my newsletter: https://marketpower.substack.com/
-----------------------------
?️ Watch these next
These Books Made Me a Better Economist for 2023
https://youtu.be/6H4SgJd1KHs
Our Pathetic Answer to the Biggest Question in Economics
https://youtu.be/h26zdErWYNs
How Disney Made Billions Killing Its Business Model
https://youtu.be/6XMPPQy-PgY
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The Book of Mormon has changed my life, and I'd like to offer you a free copy: https://www.churchofjesuschrist.org/comeuntochrist/requests/free-book-of-mormon
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https://www.youtube.com/watch?v=teaiQnhOvRU
? This channel is supported by my free newsletter: https://marketpower.substack.com/p/market-power-newsletter
-----------------------------
?️ Watch these next
✅ Watch MatPat's full video here:
https://www.youtube.com/watch?v=dgxPlUgIqSA
✅ Did MrBeast Break Game Theory? Economist Reacts
https://youtu.be/UP12O0tE_9M
-----------------------------
The Book of Mormon has changed my life, and I'd like to offer you a free copy: https://www.churchofjesuschrist.org/comeuntochrist/requests/free-book-of-mormon
...
https://www.youtube.com/watch?v=kuIhS7GzYbI
One of the best ways to learn economics is by reading good books. Here are five books on interesting topics in economics: economic history, macroeconomics, development economics, and urban economics.
BOOKS
Economics Rules by Dani Rodrik https://amzn.to/2WPve1P
Sharing the Prize by Gavin Wright https://amzn.to/2WSVSXE
Fully Grown by Dietz Vollrath https://amzn.to/3axnJko
Poor Economics by Esther Duflo and Abhijit Banerjee https://amzn.to/2UHfiw8
The New Geography of Jobs by Enrico Moretti https://amzn.to/3bwlk9w
RECOMMENDED VIDEOS
15 Jobs You Can Get With An ECONOMICS MAJOR https://youtu.be/lIk8q6-LNRU
6 Biggest Lies About Majoring in Economics https://youtu.be/_qUbSBog_rw
5 Books that Helped Me LOVE Economics https://youtu.be/QSdW2qULhyE
How To Understand Elasticity https://youtu.be/1XXhpHJTglg
Perfect Competition In Real Life | Market equilibrium (Raspberry Shakes) https://youtu.be/Ipx_0kU-x84
...
https://www.youtube.com/watch?v=2LizBBpmysY