1hr 30 min with my professor tonight on PED and CS / PS / deadweight I had not a clue. 18 min and 2 videos from your channel and I feel like I can pass my test.

This is my 2nd video that I have watched tonight and I can honestly say that in the 20 minutes it has taken me to watch your videos a few times I understand these concepts x1,000 more than the entire chapter from the text book we were assigned. Thank you for taking the time to make these I'll be watching more of your videos as class moves along.

My professor loves over-explaining everything and loves to hear himself talk, i learn so much more just from your videos alone🙏

You are a savior! I was banging my head against the book for 2 days and I found your videos on consumer and producer surplus, this makes so much sense.. Thank you very much!

thank you. my econ class is so confusing to me and this was so easy to understand

Thanks so much!! You explained this far better in 7 minutes than my professor did in 2 hours. You're helping a ton with my homework, which I really appreciate considering my professor decided to make literally 55% of the class due on the same day... We're in like the fourth week of school 😐 Thanks again!

You are very welcome, from Kansas City, USA. Happy to hear the videos are reaching students in Colombia.

I am brand new to economics & I undertook a second year economics elective for a change of pace from my science degree. Can say that your videos have made things to easy to understand and I dont feel like I am learning a new language anymore. So thank you.

I think this program your using really helps illustrate what's changing and the result of the change. Looking at dotted lines with no movement makes it hard to follow what's really going on because after new shifts either S1 to S2 or D1 to D2 the graph is covered with dotted lines. So far microeconomics is by far the most frustrating class I've taken because I'm good at math and the calculations are not hard so it's like what's wrong with me? I just get lost with these dam dots and things get murky on what is and what was. I gotta pull it together some how. These videos are by far the best illustrations- thanks man.

This was the exact example in my textbook and they obviously failed to explain how they got the answers for consumer/producer surplus. Thank you so much. It makes so much more sense now

Thank you so much!! Excellent video with simple explanations and clear graphics. I'm studying for my intermediate micro exam, and you are a LIFESAVER.

This really helped me with my homework, I got both questions right! Thank you so much for posting this video, you do a much better job at explaining how to find CS and PS than my professor does! Cheers, MJ

Appreciated! I won't mind donating $ to work like this. Simple is everything and you did that step, by step too well. That's what I call teaching with passion. You refreshed my forgotten maths by holding my hands step-by-step.

30 minutes of your videos taught me more then two days of notes and studying cramming 😐 thank you!!!!

Your video is so good it makes me feel stupid. I literally spent 4 hours trying to get this right.

THANK YOU SO MUCH !!!!!! You just made my night less stressfull , I have an exam tmr and I did not understand this at all.. Thank you

There's no point on attending class everyday. I learned more on watching videos. -_-

Perfect description and calculation of Consumer Surplus and Producer Surplus in Price Ceiling

Just what I needed! I have a test on Monday and you came in to save the day. Thank you!

Thank you so much! i tried my best learning from a textbook for two days and ended up learning the same material from you in 7 minutes!

Great to hear the animations are helping you learn microeconomics.

When it comes to PreCalc I pretty much know nothing. So when my professor handed me a packet, I was so lost. One of the problems was pretty much like this one and this helped me soooo much, especially when i know like nothing. Ty

Sir you are amazing. The way you have explained the surpluses is really easy. Thank you very much. God bless you.

Thank you so much!!! I have a Microeconomics test tomorrow and I was so worried about this topic! You do an excellent job of explaining the material and laying out all of the graphical information! Thank you, thank you, THANK YOU!!!

That is always my goal! I have always thought economics lends itself to animations and proper color usage. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

Man!!!! You are the COOLEST!!!! You made this very easy for me to learn this material!!!

You are amazing!! I have truly been struggling and you made it make sense in no time! Saved me hours. Thank you.....

I really like how you teach the material! With the help of your videos, I look forward to intermediate micro in the fall. I hated micro before I started watching your videos; I'm starting to like it now though. Thanks for great videos!

Thank you so much! Wayyy better explained than in my "elite" institution!

thank you so much . why can't my 65yr old Yale graduate professor explain it this way :( you are a life saver

Thank you so much for clearing this up for me. Economics is my weakest subject.

Thanks for this video! You do a really fantastic job at explaining this using your oral explanations combined with the animation.

Thank you so much from Colombia, I have the book right in front of me, but compared to you it literally sucks. I already liked your page! this is awesome.

This was very useful! Great video representation. The pace of explanation is perfect. Thank you!

So easy and clear to understand! Thank you for taking the time to make such videos. Helps us students so much! :D

Thank you very much. You're great at explaining the process, I am definitely going to use your channel more often. Congrats you have more than earned my subscription. Keep it up man.

Wow! That is great to hear that you are starting to like economics. I have often thought the world would be a different place if people understood economics and statistics. Good luck in your studies too.

Thanks. Good to hear, because I am always trying to improve my clarity of explanation.

Excellent stuff. I am asking my online students to follow your material. Thanks and regards.

Thank you a lot, even though I study economics in german, I found this video the best, I understood everything, so simple and so useful

You are now officially my new favorite guy! You saved my ass!! Thank you sooooo much!!!

Thanks so much! This helped me a ton as I was trying to study the night before a test.

Such a clear and thorough explanation- thanks very much.

very well produced and explained video. Thanks

I wish I'd checked this video up before my test today I could've got two parts of the question right :(. I am defnitely coming back to these videos when I need help. Thanks +Economicsfun you made college economics simpler for me! lol

The best and shortest explanation

Thank you so much for explaining this to me in a way I understand. I have a Micro mid-term on Tuesday and this helped me :)

Thank you a lot it was very interesting and clear to understand the topic

Great Video! Simple yet in-depth!

great explanation, very easy to understand. Thanks!

Thanks so much! your video is so great and clear, the diagrams r so well organised. I have a question, how do u calculate consumer surplus, producer surplus and deadweight loss if there is a black market for the product and there is a price ceiling

I was having sooooooooo much confusion in this calculation now all is gone thanks to you!

Very very helpful, wish I found this channel earlier.

Thank you so much! This video makes my life much better :)

this helps so much AMAZING!!!!! u should be sponsored by youtube!!!!

This helped me to understand better the topic.

Producer surplus is the area above the supply curve and below the market price. There are producers that are willing to take less than the market price. They benefit from a market price that is above the price they are willing to take. This is producer surplus.

God bless youtube teachers

Gifted with how to lecture 🎉🎉

Thank you very much. I wish my macro teacher would explain it this succinctly!

I can't believe this video was uploaded before 10 yrs

@tiamc2004 Thanks for the positive feedback. Do let me know how you do on your exams and if you need help on some other topics. I am always looking for ideas for new videos.

Thanks for the great video!! it was really helpful and easy to understand!

Thanks!! Finally, i understand...it's not as difficult as i thought!

Phenomenal Video, great explanation! This Cleared up so much for me, thank you!!

You saved my life, thanks!

Did you make up the Price ceiling number along with QS and QD number? I am very confused

This really helped, I have a question though? How were you able to find the base of the triangle?

This was fantastic thank you so much!

this was 150% helpful.. They are Helping me pass!

@xxzzdatx appreciate the positive feedback.

perfect explanation. Thank you

That is good to hear. Perhaps you can send me an email and let me know what additional videos you students need. btw, I plan on posting some videos on Monopoly Theory this weekend. good luck in your classes.

this video did help a lot, thank you for this

AWESOME everyone i know said that micro econ involved no math but ofcoasrse i get the new PROF. WHO IS ALL ABOUT THE MATH.... TO HARD TO PAY ATTENTION IN HIS CLASS... so basically i wish you were my professor thanks!

Thank you! I understand it better now!

THANK YO SOOOO MUCH!!!! OMG, You broke this down wonderfully.

Amazing explanation, biggggggggggg help to understand the concept, but where did the total benefit before(54) come from?

My professor is soo useless. Thanx for the video. I learned more from this than from class.

@xxzzdatx thanks for the feedback. really appreciate it.

Glad to be of service and good luck on your quiz -- you can do it! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

Awesome video, great work

Thanks for the complement. Make sure to tell your fellow students and help ease their economic pain. Also you may enjoy our MyBookSucks FaceBook fan page (you can see the link in the video description)

what programm do u use to build this such graphs?

You what you are telling me is "MyBookSucks!" Great to hear and thank you for the feedback, it is much appreciated. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help other students find the educational videos.

So i thoroughly learn a 2 days worth of lecture in 7 minutes on youtube... ok then :3

Thank you! I do have an entire channel on statistics (statisticsfun) which is very similar to Econometrics. You can see links to all my channels on the Facebook Fan Page (see link in video description) or on the statisticsfun channel main page.

it does a lot of help,thanks!

Oh my oh my. Don't know how to thank you 😍😍😍

The slope of the demand curve would need to be negative in this case it is +2. The supply curve has a slope of +8 and start at origin (0,0). I don't think these two lines would intersect, so this can't be a possibility.

The problem is I dont have the highest price of the demand curve on the y-axis so i cant find the area.

fantastic explanation

If i could give two likes i'd do it! Thank you for your help!

How do you compute consumer surplus in an oligopoly. Say for example the demand is P1=a1-q1-b.q2 where 0

How did you determine the Quantity Supplied after the introduction of the price ceiling? Was it made up or did you mathematically derive it... if the maths were involved, how?

Awesome video!

Thank you for your compliment. Make sure you like MyBookSucks on Facebook (see link in video description). This will help others find educational videos too.

For the this specific video, I just provided the Qs = 4 after the price ceiling. It could be derived using algebra. Let me know if you need more explanation or have another question.

love this video!

I actually do have a facebook page -- you can see the link in the video description of this video. Some students post messages and comments. We post silly information for uni students as well.