Lecture Highlights

Got a question for Rob about Economics❔

Got a topic you would like us to cover?? ❓

Then fill out our Contact form with your questions👇👇👇

Contact Us

Throughout Lockdown we have all seen News Headlines about the Surge in Demand for Toilet Roll 🚽🚽🚽, Flour👨‍🍳👨‍🍳👩‍🍳, Pasta 🍝🍝🍝and Puppies 🐶🐶🐶

And the Fall in Demand for Public Transport 🚌🚌🚌 and Foreign Holidays ✈️🌎✈️

But what do Economists mean by Demand? Why does it matter? What is a Demand Curve? Income Effect? Substitution Effect? 🤔🤔🤔

Block 2 of Lecture Highlights covers the Key Concepts of Demand & Supply through simple examples 😀😀😀 to help anyone understand Key Economics Concepts to University Level 🙌🙌🙌

The first Highlight on Demand is available now 👍👍👍 More highlights released each week for Youtube Subscribers 🙌🙌🙌

DEMAND CURVE EXPLAINED: Individual Demand and Market Demand 🎊🎊🎊Welcome back to Lecture Highlights🎉🎉🎉; BLOCK 2 explores SUPPLY AND DEMAND to University Level! Rob begins with explaining the origins of the demand ...

I DEMAND some chocolate 😡 🙇‍♀️

I think most of us feel like that sometimes.

What we know at lecture highlights is that a lot of economic principles can be explained with chocolate. 🍫🍪🍩

Check out this week's YouTube video where Rob explains the demand curve using chocolate. Link in bio 👆👆👆

Leave us a comment on what you will demand one lock down is over👇👇👇

COMING SOON! 🤩🤩🤩

🎉Our next block in the series: Block 2 Supply and Demand. 🎉

You hear Supply and Demand you think Economics there's no doubt about that!

Join us for another 5 highlights delving into the well known topic of Supply and Demand.

We hope 🙏🏼 our videos will challenge your current understanding of the fundamental key concepts of the topic and catapult you into new levels of economic enlightenment. ⚡

**Cue cheesy pun about Supply and Demand** 🧀🧀🧀

Let Lecture Highlights supply you with our Intuitive. Key. Concepts to meet you learning demands! 😉

Happy Highlighting!!!

Excited about buying your dream home 🏡 and then the survey reports problems...

😕What do you do next?

It's your dream home, you've already pictured how great your life will be. 💭💭💭

And you've already spent money on the survey.📝

💵Do you walk away or do you continue to buy?

Our decisions always involve head 🤕 vs heart ❤ choices.

LUCKILY economists deal in rationality and the heart 💔 doesn't come into decision making.

Watch our latest highlight on SUNK COSTS where Rob explains how to calculate the costs and benefits in relation to Sunk Costs. 🙌

The link to our YouTube channel is in the bio ☝️

Has a friend ever encouraged you to go the gym 🏋️ just to get your money’s worth from your subscription? 💵💰💵 Or told you to keep watching a terrible film 🎬📺🎬 just because you’re already half way through?

Economists give you a good response; Gym subscriptions and time already spent are Sunk Costs so it isn’t rational to take them into account for your future decisions 👍🤔👍

In fact, for any decision we should always ignore Sunk Costs (Costs we have paid and can’t recover) when making future decisions 💪😃💪

You wouldn’t stay on a sinking ship, just because you bought a ticket to get onboard 🚢🚢🚢

Sunk Costs are a key concept in Economics: Find out the implications for your decision-making and formal economic analysis with our next Lecture Highlight: Sunk Costs 🙌🙌🙌

Follow our page and Subscribe on YouTube for the latest Lecture Highlights for Economics 👍👍👍

https://youtu.be/BkXXUA8L-aw

WHAT IS A SUNK COST? and Getting Your Moneys Worth. Rob explores what is a sunk cost? He explains using real life examples the definition of a sunk cost, the rationality of our decision making and how we can o...

You only have 1 hour...

Do you

A. Go to the gym and work on those New Years Goals 💪🏋️‍♂️

B. Spend time with your friends 👬👭

What ever option you decide upon, the option you don't choose becomes your OPPORTUNITY COST💰

If you want to discover more about opportunity cost, check out our latest video on your YouTube channel (Link in Bio) 👆👆👆

Sadly, option C go to the gym with your friends is not allowed in this example 😂

Happy Highlighting!

https://www.youtube.com/watch?v=oxSMX5Qft6Y

Take the OPPORTUNITY to improve your understanding of Opportunity Cost with Lecture Highlights!

Make sure you SUBSCRIBE to our YouTube Channel to get the latest highlight videos. 👍

Happy Highlighting!

OPPORTUNITY COST BENEFIT ANALYSIS: Optimal Decision Making. This Highlight uses examples to explain Opportunity Costs, why they matter, how to calculate them, and how to incorporate them into Cost Benefit Analysis and...

Merry Christmas To All...

We would like to take this opportunity to thank you all for following us on our journey right from the beginning with Lecture Highlights!🛫🛫🛫

Your support will not be forgotten 👍😉😁

Watch this space we have some great content planned for 2021 and we can't wait to share it with you!

Fingers crossed 🤞 that Santa has bought ypu some highlighters this year 🎅