Animation on How to Calculate Consumer Surplus Producer Surplus with a Price Floor

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Animation on How to Calculate Consumer Surplus Producer Surplus with a Price Floor

Рет қаралды 104,799

Күн бұрын

Visual Animation on calculating consumer surplus, producer surplus and deadweight loss before and after a price floor. Typically taught in microeconomics.

Пікірлер: 56

@IvyBeeee 9 жыл бұрын

It took me an hour to find a good video like this one. Thanks a lot....You are a savior

@economicsfun 12 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!

@smilelikeyoumeanittt 9 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!!

@adrewjones 12 жыл бұрын

What you explained in 5 mins took my teacher 45 mins to try and explain. Thanks!

@economicsfun 11 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.

@tranngocquynh65 4 жыл бұрын

Thks for your video. It’s more understandable than Everything I learnt from my teacher within 2 hours. Anyway Thks a lot

@ryanyun6043 11 жыл бұрын

This video helped me out so much. Mainly because of your perfect editing and visual movements. THANK YOU!! Your better than adderall!!!

@noomanful 6 ай бұрын

So far the best and easiest. Thank you for making this so easy.

@amira-eg4qb 2 жыл бұрын

thank you thank you thank you! this is the first video i’ve found that actually helped

@rebeccalopez6511 6 жыл бұрын

thank you for posting this, you helped me with my econ final!!! much love

@ad-chi5920 3 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!

@economicsfun 12 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)

@economicsfun 11 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.

@luzeneidavaldez206 2 жыл бұрын

I like the way you teach!!

@economicsfun 12 жыл бұрын

I am very happy I could illuminate econ for you!

@furqanmuhammad7867 7 жыл бұрын

your videos are life saving drugs for Economics students thank you man

@Zephyrion__ 3 жыл бұрын

Way better explained than my textbook

@shivekshandil6859 7 жыл бұрын

thank u so much for finally making me understand...damn couldnt understand when the teach was teaching

@wheec11 10 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!

@dandujmic3925 5 жыл бұрын

Simple ot understand examples thanks so much for great work

@armansoltani 9 жыл бұрын

Thank you so much! you teach so good!

@seme8165 9 жыл бұрын

i regret wasting my time on studying before seeing your video :-: , thank you very much i wish you were my teacher :(

@economicsfun 9 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.

@johnnyandrade4235 9 жыл бұрын

This video made everything more simple.

@economicsfun 9 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.

@economicsfun 11 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.

@economicsfun 10 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?

@economicsfun 12 жыл бұрын

thanks for the positive feedback. Make sure you like MyBookSucks on Facebook and tell your fellow students as well.

@AsgharKhan-fd1ul 12 жыл бұрын

the way you teach, thumbs up

@duclong31893 12 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

@duclong31893 12 жыл бұрын

Better than my professor , keep it up . please !

@MACPCOSX7 11 жыл бұрын

What do you use to make the videos? Awesome job though, thanks!

@abdul-azizabdulai8611 7 жыл бұрын

Great Work, Thanks Much Team

@md.jahangirhossainalamgir4937 2 жыл бұрын

Awesome video

@shoeb178 12 жыл бұрын

this video is awesome, thank you!!!

@neettim 11 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?