Tutorial on the introduction to monopoly theory. Like us on: / partymorestudyless
Пікірлер: 98
@impossibletangerine97857 жыл бұрын
you have the best economics videos on youtube. i have tried to watch a lot of other channels and none of their explanations are ever as clear, or they have annoying voice-overs/graphics. thank you so much for these videos!
@economicsfun11 жыл бұрын
Appreciate that! It is always my goal to take a very complex idea and simplify it and explain it better.
@HamzaMalik-kv7dh Жыл бұрын
What a gem, i couldn't understand these graphs after several hours of watching my lecture videos and readings but you explained it PERFECTLY in just few minutes.
@quillatequilla10 жыл бұрын
I am so very grateful to you. Have an exam in 7 hrs and NOW understanding this material after and entire semester of going all Lecturers, hmm life saver!
@economicsfun11 жыл бұрын
Appreciate the comment! Hopefully my videos are helping you "Kick More and Study Less" Make sure you like MyBookSucks on Facebook (see link in video description). This will help students find the educational videos.
@economicsfun11 жыл бұрын
Great observation, you are correct. Profit is maximized when marginal cost = marginal revenue. The same is true with life... your "enjoyment" is maximized when marginal benefit = marginal cost.
@lila60299 жыл бұрын
This is a great video that explains the monopoly theory and I really appreciate how you mention the difference between perfect competition and monopoly at the end of the video. Thank you so much for posting all of these videos, extremely helpful!
@jalengozun24635 жыл бұрын
You just save me from failing on my Economics class. I thank you so much!
@kusubos11 жыл бұрын
never seen and heared a so clear thinked explanation. its focused on the real important things. thx very much.
@economicsfun12 жыл бұрын
Thanks so much! I plan to load more on Monopoly Theory over the next week or so, make sure you subscribe.
@lmao1336611 жыл бұрын
WOW!!! Your dedication is untouchable Sir. I just loved your videos.
@arpitapriyadarshini76353 жыл бұрын
explained complex things in such a elegant way wow!!! best economics lecture ever attended !!! thank you so very much for this. BEST WISHES FOR YOU ,SIR !
@zzzzoooo73782 жыл бұрын
Hands down the best explanation for market structures
@chippychips96 Жыл бұрын
Your way of teaching is brilliant!
@darrylaranosuaga10945 жыл бұрын
yay.. compare to some videos I just watched today , you have the best explanation and presentation tHAT made me understand about the market structure, monopoloy , perfect competition and their curves. thank you!
@economicsfun11 жыл бұрын
Well, there is not one program I use. I use photoshop, illustrator, html5 and final cut pro. So it takes me a while and I string a lot of stuff together. Thank you for you compliment as well.
@ThatWookieGuy6 жыл бұрын
Thank you so much friend. Doing managerial econ at the moment, this really helps, love micro.
@mayankkumar5535 жыл бұрын
Please upload video of oligopoly market .I enjoy your lectures. Thanks
@economicsfun11 жыл бұрын
Thank you for the feedback it is much appreciated. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
@economicsfun11 жыл бұрын
Thank you! Give me some love on Facebook and like MyBookSucks (see link in video description). This will help me spread the love about the educational videos.
@vaishaliajmera41723 жыл бұрын
Very well explained! Thanks so much. Technology used by you, is just commendable.
@bikrambarua46410 жыл бұрын
I am a life long learner and a long term fan of your elegant presentations . Many thanks best wishes .
@karimahmadzai64375 жыл бұрын
the most amazing and useful video and we want from you to share more videos like this. thanks prof.
@williamlu37034 жыл бұрын
Could you make a monopolistic competition and oligopoly video please. Your video is the most amazing I have ever seen before! That’s is fantastic it’s really help !!
@artdragonheart3 жыл бұрын
Another wonderful video! ⭐️
@ritulakra90476 жыл бұрын
Awesome video each step is clearly explained with effective presentation 😊
@gaylesamandari71182 жыл бұрын
Love your videos. Best Econ voice
@sardarharoonsaleemkhan64994 жыл бұрын
VERY NICE N OUTSTANDING......HONORS N RESPECT FROM KARACHI PAKISTAN
@economicsfun11 жыл бұрын
You are welcome. Don't forget to like MyBookSucks on FB (see link in video description). This will help me get the word out about the free videos.
@mrsmwanikisusan4460 Жыл бұрын
You teach so well sir.
@economicsfun11 жыл бұрын
You are very welcome. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
@JackTBeatz9 жыл бұрын
watching these on autoplay, youre the man
@economicsfun9 жыл бұрын
Mr.Tidd Thanks!
@pratikrathaur67277 жыл бұрын
i dont know what to say but it was amazing!!!!!!!!!!!!!!!!!!!!!!!!
@economicsfun12 жыл бұрын
Thank you so much and many blessings to you and your family.
@nedalali32169 жыл бұрын
This is a great video. Thanks
@kickboxer4011 жыл бұрын
excellent videos, thank you
@economicsfun12 жыл бұрын
That is a good idea and I do need to add these lessons too.
@economicsfun11 жыл бұрын
Great question! We would treat this as a subsidy for the consumer. This would cause overall demand to increase. In this case more consumers could afford the higher prices charged by the monopoly and quantity demand would be higher too. If the monopoly is subsidized there overall costs should be less and they would offer lower prices and a higher quantity. Very good question and I need to create a video explaining this topic.
@economicsfun11 жыл бұрын
Total Revenue (TR) is price times quantity. The total revenue chart is built on each price and quantity combination from the demand curve. The x axis is the same on both charts (Quantity). I do have a playlist on Monopoly Theory and I would encourage to try to go through the videos. You can see the playlist on my channel statisticsfun.
@junetan173310 жыл бұрын
ty for doing and posting this video online.
@kossiadegnon4779 жыл бұрын
Waow. 8 hours of work for 1 mn. I have never seen anything this clean. I will be referring a lot of people to watch these videos. they are really hors pair (French). Keep up the great work. It will surely pay off one day.
@economicsfun9 жыл бұрын
Kossi Adegnon Thanks for referring your fellow students. I wonder if the animations work in other languages? Can a non english speaking person follow the animations. While a photo may be worth a 1,000 words an animation may be worth a million. Good luck in your classes.
@thedomoman80298 жыл бұрын
these videos are much more clear and engaging explanations pf economics
@thedomoman80298 жыл бұрын
of
@yemail54717 жыл бұрын
i fell in love with his voice ~! :)
@economicsfun11 жыл бұрын
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. Besides the technology I use, I have done a tremendous amount of research on how students learn via animations and the impact of color and narration.
@economicsfun11 жыл бұрын
Great to hear!
@goldene93393 жыл бұрын
So much better than my book. Thank you.
@luisjo8198 жыл бұрын
Thank you so much! Greetings from Perú, Latin-America!
@napoleonb558 жыл бұрын
HI FRIEND ! COULD U DO A VIDEO ON SHUT DOWN CONDITIONS AND TERMS OF TRADE D: struggling so hard but coping cus of the good stuff on here, KEEP IT UP !!
@drallisimo348 жыл бұрын
great lesson!!!
@economicsfun11 жыл бұрын
Thanks so much for you positive feedback.
@theevishal40787 жыл бұрын
If you can share comparison of graphs of all market types ,such as Perfect competition ,monopoly,monopolistic etc in one video ,it will be very easy to understand.
@economicsfun11 жыл бұрын
Thank you and the feedback is much appreciated. Yes, I currently teach at a small university in Kansas City, but I have been in and out of academy for many years. Do check out my linkedIn profile if you are interested (David Longstreet).
@mangoesgonewild10 жыл бұрын
Thank you very much for the videos! Subscribed :)
@thoata69758 жыл бұрын
What kind of software do you use to make this video? It looks educational, easy to watch but also neat and fine.
@macgyver79819 жыл бұрын
This is awesome..great job and thanks for helping..
@economicsfun9 жыл бұрын
Patrick Lilema You are welcome. If you get a chance like on FB (www.FaceBook.Com/PartyMoreStudyLess), share, like the videos, and subscribe. It helps others find the videos.
@TheAvnii11 жыл бұрын
The program that you use for Graphs is...??? You"re Great !
@kennuschisenga58615 жыл бұрын
That's for excellent explanation.
@jerr002812 жыл бұрын
Thank you so much.
@parzrelmuzik11 жыл бұрын
Simply explained
@mebootm8 жыл бұрын
thank you thank you thank you , i wish i knew it before.
@economicsfun11 жыл бұрын
Profit = Total Revenue minus Total Cost Total Revenue = Price x Quantity Total Cost = Cost x Quantity Price and Quantity change as you along and down the demand curve and cost and quantity change as you move along the supply curve.
@GiftedIncaLight3 жыл бұрын
You’re the best
@economicsfun12 жыл бұрын
Thanks!
@kossiadegnon4779 жыл бұрын
Amazing video. I am just curious. What software do you use to create this video
@economicsfun9 жыл бұрын
Kossi Adegnon I use a lot of different software including adobe flash, illustrator, final cut studio and garage band. Each minute of video takes me about 8 hours to produce. I hope my videos will have a long shelf life.
@daviddean71747 жыл бұрын
amazing vidoe. thanks
@ohlalalil11 жыл бұрын
I LOVE YOU, i have my exam tomorrow i wish you could be my tutor hahaha
@Sythor200812 жыл бұрын
This guy is a genius.
@thedomoman80298 жыл бұрын
Thank you!
@Hussain281612 жыл бұрын
awesomeeeeeee!!!! post more videos em in love with eco and u :) LOVE UU
@thedomoman80298 жыл бұрын
the only thing you forgot in this video is DWL;dead weight loss, the triangle that isn't consumer or producer surplus.
@msbunny03011 жыл бұрын
Thank you
@danzidae44111 жыл бұрын
How does one determine where profit is maximized when MC doesn't equal to MR?
@economicsfun11 жыл бұрын
Wow! Congratulations on your improved marks. I appreciate the compliment but you deserve all the credit. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
@ocsosweet10 жыл бұрын
thanks so much
@rolih611 жыл бұрын
What happens if tax is given to consumers in monopoly... Do we calculate it the same as if it would be given to producer?
@Hollylovesbeauty79 жыл бұрын
Just shared with a friend!
@economicsfun9 жыл бұрын
Hollylovesbeauty7 Thanks for that!!!
@danzidae44111 жыл бұрын
profit is maximized when MC=MR in all 3 (perfect competition, monopoly and monopolistic competition)????
@economicsfun11 жыл бұрын
1 more thing... Make sure you like MyBookSucks on Facebook. This will help others find the educational videos too.
@danzidae44111 жыл бұрын
i don't understand how u plot the points on the TR graph
@danzidae44111 жыл бұрын
thank u :)
@danilobucker9 жыл бұрын
Why don´t you do video classes about macroeconomics?
@economicsfun9 жыл бұрын
Danilo Bucker Danilo I do have a few on macroeconomics and do plan on adding more on this subject over time.
@xxxxxx543217 жыл бұрын
Could you pls post Oligopoly market..
@ritulakra90476 жыл бұрын
A big 👍
@justsomegirlwithoutamustac58374 жыл бұрын
I luv u budy
@choyonmazumder37807 жыл бұрын
This one is much more organized. Wan more
@TFrills6 жыл бұрын
You always say "negateev"
@p4m80r348 жыл бұрын
i like you
@economicsfun8 жыл бұрын
+Barry .Marshall Thanks man, I like you too
@economicsfun11 жыл бұрын
Thank you and the feedback is much appreciated. Yes, I currently teach at a small university in Kansas City, but I have been in and out of academy for many years. Do check out my linkedIn profile if you are interested (David Longstreet).
@HOMIE42228 жыл бұрын
Thank you so much.
@economicsfun8 жыл бұрын
+DON GITHINJI dYou are very welcome! If you get a chance like and share the videos and especially like my FB page (www.Facebook.Com/PartyMoreStudyLess), It will help others find the videos.