Visual Animation on calculating consumer surplus, producer surplus and deadweight loss before and after a price floor. Typically taught in microeconomics.
Пікірлер: 56
@IvyBeeee9 жыл бұрын
It took me an hour to find a good video like this one. Thanks a lot....You are a savior
@economicsfun12 жыл бұрын
Good to hear you like the videos. I decided anyone can advertise on my channels, politicians, competitors, products, so on and so forth --- just as long as they give me money!
@smilelikeyoumeanittt9 жыл бұрын
I have a test tomorrow and I was so confused until I saw this video! I cant believe it was this simple. Thank you! Your video was super helpful!!
@adrewjones12 жыл бұрын
What you explained in 5 mins took my teacher 45 mins to try and explain. Thanks!
@economicsfun11 жыл бұрын
You are very welcome.I use a variety of different software including photoshop, illustrator, HTML5, Final Cut, GarageBand and a few other products. Each video takes me a long time to create. My rule of thumb is each minute of video takes about 12 hours to create, so a 7 minute video takes me about 84 hours of development time.
@tranngocquynh654 жыл бұрын
Thks for your video. It’s more understandable than Everything I learnt from my teacher within 2 hours. Anyway Thks a lot
@ryanyun604311 жыл бұрын
This video helped me out so much. Mainly because of your perfect editing and visual movements. THANK YOU!! Your better than adderall!!!
@noomanful6 ай бұрын
So far the best and easiest. Thank you for making this so easy.
@amira-eg4qb2 жыл бұрын
thank you thank you thank you! this is the first video i’ve found that actually helped
@rebeccalopez65116 жыл бұрын
thank you for posting this, you helped me with my econ final!!! much love
@ad-chi59203 жыл бұрын
your explanations are understandable and you also helped me understand! and thank you for that. i love your efforts. what would make this even better is if your voice would be more lively and the time between animations and silence would be cut off. then the video will go a bit faster, and fast is a way towards fun! i love the idea of making economics fun though!
@economicsfun12 жыл бұрын
That is great to hear unless you are in one of my economics classes :) I am getting ready to post a series of videos on Long Run Cost (isocost, isoquant, marginal product, w/r, so on and so forth), so make sure you subscribe. Also.... you probably would like MyBookSucks on Facebook too. We post funny college stuff (see link in video description)
@economicsfun11 жыл бұрын
Good question. The reason is the supply is only selling 4 units (Qd = 4). At the higher price consumers will buy less. You see this about 4:00 in the video.
@luzeneidavaldez2062 жыл бұрын
I like the way you teach!!
@economicsfun12 жыл бұрын
I am very happy I could illuminate econ for you!
@furqanmuhammad78677 жыл бұрын
your videos are life saving drugs for Economics students thank you man
@Zephyrion__3 жыл бұрын
Way better explained than my textbook
@shivekshandil68597 жыл бұрын
thank u so much for finally making me understand...damn couldnt understand when the teach was teaching
@wheec1110 жыл бұрын
Thank you so much for these videos, they're incredibly helpful! I just have one question, when you're working out the producer surplus, how did you get the price of $6 to work it out? Thankyou!
@dandujmic39255 жыл бұрын
Simple ot understand examples thanks so much for great work
@armansoltani9 жыл бұрын
Thank you so much! you teach so good!
@seme81659 жыл бұрын
i regret wasting my time on studying before seeing your video :-: , thank you very much i wish you were my teacher :(
@economicsfun9 жыл бұрын
Vampi vamp Great to hear! Make sure you save your fellow students and write on the white board "MyBookSucks.Com" "Party More Study Less" Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.
@johnnyandrade42359 жыл бұрын
This video made everything more simple.
@economicsfun9 жыл бұрын
Johnny Mendes I always like hearing that my videos make things simpler for students. I have long maintained that subjects like Economics and Statistics are not hard, but taught poorly with resource materials that suck.
@economicsfun11 жыл бұрын
Great to hear. Make sure you like MyBookSucks on FaceBook too (see link in video description). Make sure you check out the my other channels on statistics, algebra and I am building one on Calculus too. You can see all the links on this channel of on Facebook to.
@economicsfun10 жыл бұрын
Good question. I believe you are referring to about 3:39 in the video? If you go where Quantity Demanded (Qd) is 4 and than straight across to your left, then you will see that the price of $6. Make sense?
@economicsfun12 жыл бұрын
thanks for the positive feedback. Make sure you like MyBookSucks on Facebook and tell your fellow students as well.
@AsgharKhan-fd1ul12 жыл бұрын
the way you teach, thumbs up
@duclong3189312 жыл бұрын
Of course ...but i was litte affaird when commenting this....Just i can't catch all my ideas of my prof. and you help me a lot. Thanks very much
@duclong3189312 жыл бұрын
Better than my professor , keep it up . please !
@MACPCOSX711 жыл бұрын
What do you use to make the videos? Awesome job though, thanks!
@abdul-azizabdulai86117 жыл бұрын
Great Work, Thanks Much Team
@md.jahangirhossainalamgir49372 жыл бұрын
Awesome video
@shoeb17812 жыл бұрын
this video is awesome, thank you!!!
@neettim11 жыл бұрын
The thing I don't get it why is the producer surplus the red trapezoid only? How come producer surplus doesn't extend all the way to where the price floor meets the supply curve creating a triangle with a base, 9 and height, 10?
@livssmith77047 жыл бұрын
YOU ARE AMAZING!!
@economicsfun12 жыл бұрын
Thanks for the feedback. That is the goal great to hear.
@farhadvafajoo11 жыл бұрын
Great job!
@neettim11 жыл бұрын
Oh ok. So is it because the quantity demanded is only 4 units, so the producer benefit only limits itself to selling 4 units?
@seerat10008 жыл бұрын
great explanation :)
@KarenMartinez-si3uy2 жыл бұрын
THANK YOU
@economicsfun11 жыл бұрын
Yes, you got it!
@yesenialopez79526 жыл бұрын
Thank you!!! Finally I understood!!! I hate Econ...
@tzeyongtan37055 жыл бұрын
Thank you!!!
@vandelinder11 жыл бұрын
very helpful!
@economicsfun11 жыл бұрын
Thanks so much. Make sure like MyBookSucks on FaceBook (see link in video description). You will help me spread the word about the videos.
@ronlyon46459 жыл бұрын
where do you get 54 (total benefit before price floor) from?
@YurkK9 жыл бұрын
Ron Nal 36 (consumer surplus) + 18 (producer surplus) = 54 - He discovered that on 2:38
@economicsfun9 жыл бұрын
Igor Moreira Moraes Thanks for jumping in and answering the question.
@YurkK9 жыл бұрын
Economicsfun You´re welcome, thank you for the really nice work with these classes. They've helped me a lot.