9. Supply and Demand & Consumer/Producer Surplus

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9. Supply and Demand & Consumer/Producer Surplus

Рет қаралды 83,051

4 жыл бұрын

MIT 14.01 Principles of Microeconomics, Fall 2018
Instructor: Prof. Jonathan Gruber
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This lecture covers supply and demand curves, consumer surplus, and producer surplus.
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Пікірлер: 48

@jai_jpg 2 жыл бұрын

The only Prof. who could use f-word in the class and get away with stellar teaching skills!! Salute!

@tobiasforis1529 Жыл бұрын

Really nice. It is just super amazing to watch MIT prof. explaining principles of microeconomics like this. I am truly grateful :)

@JesusChrist-yl1dx 3 жыл бұрын

0:32 "What Do They Know? Do They Know Things? Let's Find Out!"

@seprisa19 2 жыл бұрын

Jesus, it’s sad nobody got this reference!

@EdwardTrain Жыл бұрын

what reference

@evertontsai4496 3 жыл бұрын

14:07 Thank me later. This professor is fucking awesome.

@tonysoviet3692 3 жыл бұрын

Yeah and knowing that he's a prominent health economist makes it even more enjoyable.

@user-xn5ji6ni5m 11 ай бұрын

Thank you 🤣

@Erik10Hag36 4 жыл бұрын

This Professor is so good

@tadeoelias512 3 жыл бұрын

sorry to be offtopic but does anybody know a tool to log back into an Instagram account?? I was dumb lost the password. I would love any tips you can offer me

@tadeoelias512 3 жыл бұрын

@Terrance Aryan I really appreciate your reply. I found the site thru google and Im waiting for the hacking stuff now. Seems to take quite some time so I will get back to you later when my account password hopefully is recovered.

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@terrancearyan141 3 жыл бұрын

@Tadeo Elias you are welcome :D

@jackholloway7516 2 жыл бұрын

Qqq

@uditabhattacharya2824 8 ай бұрын

28:50 and the different class exercises of consumer's surplus calculation

@amybio1189 4 жыл бұрын

This is amazing! Please do more videos like this :)

@shawnzg2587 3 жыл бұрын

He’s a great professor but did he just use the f word? Guess that makes him great...

@sahilkushwaha5864 3 жыл бұрын

18:00 The reason we can't decrease price in perfectly elastic demand

@sahilkushwaha5864 Жыл бұрын

@SkumarC But sir, every per unit product u sell u will incurr a loss. So doesn't matter how much revenue u make, u r incurring loss on every unit, hence ur SP

@Kornackifs 9 ай бұрын

43:25 Nice

@zakaryjaynicholls9867 2 жыл бұрын

JD Salinger presents MIT open courseware stars and celebrities, what do they know? Do they know things? Lets find out!

@user-lp5hs3et4d 8 ай бұрын

That's nice to watch how he explained it's process

@lolygagger5991 3 жыл бұрын

awesome professor, wish i took his class instead of my university class.

@C3yl0 2 жыл бұрын

This is amazing! Thanks

@rubencrisitano9 2 жыл бұрын

The Bojack Horseman reference though

@Iisluna844 4 ай бұрын

man can you explain it? i didnt get it

@rubencrisitano9 4 ай бұрын

@@Iisluna844 what minute was it?

@Iisluna844 4 ай бұрын

@@rubencrisitano9 i search it and got the reference but thanks for helping

@nikolaypetrov4779 3 жыл бұрын

Substitute/alternative for higher gas price is switching to electric vehicles

@pavanalva5599 Жыл бұрын

44:42 can anyone explain how efficient producers have higher producer surplus?

@DavidRotin 8 ай бұрын

Because if they are efficient that means that they can produce the products for cheaper and that mean that compared to inefficient producer they would have a higher margin of profit due to efficient production.

@ryandoran405 2 жыл бұрын

Thank you sir.

@nicholashahn3476 3 жыл бұрын

This man is living in 3020

@Iisluna844 4 ай бұрын

24:13 so basically girl math?

@jftsang 3 жыл бұрын

Is LR demand always more elastic than SR demand?

@kamilkadziolka4113 3 жыл бұрын

I'm not an expert here, but I think when we consider demand for a whole market e.g. 'food industry' then demand will be inelastic in both cases as there's no real substitute, so I think there's few cases but in general demand in lr will be more elastic

@apnaustaad9818 3 жыл бұрын

Depends on the good, where close substitutes are easily available SR demand will always be more elastic than LR.

@rain7096 8 ай бұрын

👍

@jay-rathod-01 3 жыл бұрын

How Spanx being such a trivial company made billions for no legit reason. Why honest company even exist. Why always celebrities create fragrance, cosmetics and fitness businesses. 14:11

@andyprompt 11 ай бұрын

Great job but he didn't address what happens when a CEO just decides to raise prices and blame inflation

@marybuford9591 2 жыл бұрын

What if the demand remains the same but the supplier wants more money and charges more? Will people buy less gas and hell stagnate so he reduces his supply and cost goes up etc. He'll reach equilibrium again when only a few consumers buy at a very high rate. He doesn't really care because he's making more money for less work. That's how u make a third world huh? There is a philosophy behind a good market.

@moslikeGOD 2 жыл бұрын

He must listen to Kendrick Lamar 😁

@saurav09101 Жыл бұрын

He used the F word😅

@afaqiskenderova9029 2 жыл бұрын

bojack!

@siphilipe 2 жыл бұрын

I am able to summarize the 47:49 in just 49 seconds: The solution, based on what’s going on in the entire world is: females close your legs, and males zip your pants, starting by mine. In 2000 we were 6 billions, 20 years later we are roughly 8 billions.

@mesaber86 Жыл бұрын

I guess you are smarter than Elon Musk: kzfaq.info/get/bejne/lbtinrVnubW1k40.html