no words for this guy. everything is clear. he way the teaches is different .thank you sir.

Funny story, i had an economics class in my 2nd year of uni, and my professor gave us the overcomplicated formula for the PED and it made little to no sense to me back then. Looking back at it, it is so much easier and it actually makes perfect sense! Needless to say, i was lost the whole semester after this chapter :D. Thank you so much for doing these videos, they are amazing for anyone who wants to learn!

00:02 Introducing the concept of elasticity in relation to demand and supply. 02:28 Price affects quantity demanded based on elasticity 06:52 Price elasticity of demand measures how quantity demanded responds to a change in price 09:40 Gasoline has inelastic demand due to lack of close substitutes. 14:44 The elasticity of demand depends on the market definition and the share of the good in the consumer's budget. 17:02 Goods have elastic or inelastic demand based on budget share 21:35 Understanding how to calculate percent change 23:42 Understanding percent change in test scores 28:29 Calculate price elasticity of demand using percentage change in quantity and price. 30:57 Calculating price elasticity of demand is not hard. 35:40 Calculation of the price elasticity of demand is easy. 37:47 Teaching approach impact on student understanding 41:52 Simplify complex formulas for better understanding 43:39 Calculation of elasticity is not hard, just remembering the basic formula makes it easier. 48:23 Interpreting price elasticity of demand 50:43 Understanding quantity demanded and demand curve shapes

I went from having next to no idea what I was doing with this concept to almost fully understanding it, with 1 watch. Thank you for this.

This was so straightforward, I consider myself fortunate to have stumbled upon this channel. Thank you sir!

Am I the only one here appreciating how well he writes backwards?

Thanks you so for your lecturing. It's helped me during my exam, from south Sudan 🇸🇸🇸🇸✌️

Dr Aevedo YOU ARE THE BOSS OF THE INTRODUCTION INTO ECONOMICS! YOU ARE THE GREATEST TEACHER. MY TEACHER GAVE ME FORUMA LIKE (Q1-Q2)/[Q1+Q2]/2 // (P1-P2)/[(P1+P2)/2] AND I WAS SO SHOKED

Day before i have test suddenly i listen to you about easy to calculate PED or E . You help me a lot because was not attending my clsss lecture for almost all semester because of alot of 🌧️🌧️🌧️. Finally i pass my test 13/15.🙏🙏🙏🙏

Thank you so much! I barely passed my first quiz sinc3 im taking an online class and i have to read the book and try to make sense of it. Now that i see you explaining it in a different way i see how simple it is. I really appreciate your videos!

Thank you so much professor, thanks to your videos I passed my exam. Hello from Seoul

Thank you so much! I really appreciate how straightforward you made this . Thanks again for making things so simple!

I enjoyed your lecture, especially the reflection on revising your approach to teaching this idea. I've been helping my daughter with her business calculus class, and your video helped make this more concrete.

You are great in teaching way and the explanation. thanks for giving such lectures I'm KZfaq.

Thank you so much Dr Azevedo! I am doing an online class and it was so difficult to make it as simple on my own.

I think it can definitely be said that you explained this better than my microeconomics teacher.

I will follow you for ever

Thank you so much for this video!!!! You took Time in explaining this concept!!!

The structure is very clear. It's easy to understand.

Thanks. You are an Excellent tutor🤝

Thankyou professor, your lectures have helped me alot for my ECON course

You are very helpful i really Appreciate ❤😊

U are the best sir ..... much love from Ghana 🇬🇭🇬🇭🇬🇭

Amazing lecture! Chapeau!

You are an awesome teacher! Thank you so so much for helping me understand ❤

Thank you. I really appreciate these lectures.

I was so frustrated and confused with this and it mostly cleared things up thank you!

Thank you Dr. Azevedo you're quite right t way you teach it is brilliant very understandable

Sir great way of and teaching and u have a perfect knowledge of this subject your vedio is really helpful but sir u had made vedios on some topics(chapters) so, sir it would be more helpful if u uplode more vedio Thankyou sir

Thank you Sir for this approach ..i finally got it!

thank you so much sir! Your lecture is so amazing and easy to understand

Thank u sir. Love from Bangladesh

Thank you Sir 🥰 your videos help me a lot

Thank you sir for clear explanation.

Wow!! very good teacher thank you

You are a good tr

Unquestionably you are my best Economist of all time i 💓 and enjoy your Lectures But there is no Utility Chapter in the playlist can you upload it plz

thank you so much. this is helping me big time

I love you, sir

straightforward ! great

❤i do self studies from this videos thank you sir

Thank you Dr. Azevedo

Thank you so much professor!

Thanks!

I Love that ❤

Thank you, now I have understood well😊❤️

thank you so much professor!

Should've went with a red marker, professor. But this was very helpful

thank you sir!!

Thank you so much!

thankyou so much sir!

Wow this is wonderful. Please sir how can I get to you for classes in preparation of my GCE advance level 2023-2024?

Thank you 😊

What a video

Thank you!!

Thanks for the content! What book is this based on?

I hope you have courses online

The accent when he says measure is so cuteee 😩🥵

🎉

what is the value of that 20 we are using alwys

❤

Screen in blurr but lacture is awesome

28:15

44:44

Thankyou very much professor...❤❤ I am very grateful to you😊🤍