Productivity | Economics For Everyone скачать в хорошем качестве

Productivity | Economics For Everyone

What makes one business more productive than another? Why do some companies thrive while others struggle, even when they use the same resources? This video explores the concept of productivity, a key factor in business success and economic growth. Professor Chad Syverson explains how economists measure productivity by comparing outputs to inputs, and introduces Total Factor Productivity (TFP)—a way to assess how efficiently firms use all their resources combined. The video also highlights how productivity differences can exist even within the same industry, and how factors like management, technology, and external conditions can shape outcomes. Whether you’re running a business or just curious about what drives economic progress, productivity plays a powerful role in shaping the world around us. Chapters 00:27 Definition – output per unit of input 01:18 Measuring productivity – output/input ratios 02:09 Total Factor Productivity (TFP) and efficiency 03:18 Large productivity differences across firms 04:03 Why productivity matters – success and wages 04:35 Determinants – internal levers and external factors -- Setting aside math, E4E helps students everywhere think like economists and understand how economic thinking can make the world a better place. Whether you're an educator, a student, or a lifelong learner, Economics for Everyone is for you! Register at https://econ4everyone.uchicago.edu to access more than 60 videos featuring UChicago professors and researchers in our free microeconomics curriculum, available in English and Spanish.