Uploaded February 2022 | Updated September 2026, 1 week ago

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This video walks you through the process for building a microeconomic model from scratch. There are five main steps. Before you can do this, you need to know the basic parts of a microeconomic model. Links to videos on the parts of an economic model:
Parts (basic): youtu.be/FFbIbXlqBtw
Endogenous & exogenous variables: youtu.be/o1e7n00CbZs
Parts (another version): youtu.be/sPaipyTpmxA

Link to my course on microeconomic modelling: ashley-s-site-9d78.thinkific.com/courses/your-first-course