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.
@floresjulio50010 жыл бұрын
my professor is worthless i learned more on this video also
@sarafatah2 жыл бұрын
Im curious, did you pass?
@School_Circle2 жыл бұрын
@@sarafatah yes!
@g.z.992010 жыл бұрын
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.
@craigmeyer69572 жыл бұрын
My professor loves over-explaining everything and loves to hear himself talk, i learn so much more just from your videos alone🙏
@mansii4u9 жыл бұрын
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!
@rachaelanders926310 жыл бұрын
thank you. my econ class is so confusing to me and this was so easy to understand
@user-be6iy6cs2e3 жыл бұрын
How are you now?)
@ethanhudson1151 Жыл бұрын
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!
@economicsfun11 жыл бұрын
You are very welcome, from Kansas City, USA. Happy to hear the videos are reaching students in Colombia.
@dianaradevski67296 жыл бұрын
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.
@Noodles8ify9 жыл бұрын
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.
@atea2111 жыл бұрын
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
@clarisebrown26658 жыл бұрын
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.
@Goodchoones10 жыл бұрын
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
@EmmanuelBlimie12 жыл бұрын
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.
@MissShainaXoDuo4 жыл бұрын
30 minutes of your videos taught me more then two days of notes and studying cramming 😐 thank you!!!!
@turnleft86453 жыл бұрын
Your video is so good it makes me feel stupid. I literally spent 4 hours trying to get this right.
@dayanaraiisa.77517 жыл бұрын
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
@kryozumisia332310 жыл бұрын
There's no point on attending class everyday. I learned more on watching videos. -_-
@RS-gq5ws7 жыл бұрын
Kryozumi Sia ikr
@vicdaslick Жыл бұрын
Exactly and I go to USC 🤦🏽
@devendraniraula24594 жыл бұрын
Perfect description and calculation of Consumer Surplus and Producer Surplus in Price Ceiling
@CesarRodriguez-ws8hg6 жыл бұрын
Just what I needed! I have a test on Monday and you came in to save the day. Thank you!
@hemalimoodley64555 жыл бұрын
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!
@economicsfun12 жыл бұрын
Great to hear the animations are helping you learn microeconomics.
@carinaknight Жыл бұрын
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
@hamidkhan19808 жыл бұрын
Sir you are amazing. The way you have explained the surpluses is really easy. Thank you very much. God bless you.
@victoriamcdonough746411 жыл бұрын
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!!!
@zwqk320910 ай бұрын
how'd it go? =
@economicsfun11 жыл бұрын
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.
@matthewsmitchell1812 жыл бұрын
Man!!!! You are the COOLEST!!!! You made this very easy for me to learn this material!!!
@shericehorton563911 жыл бұрын
You are amazing!! I have truly been struggling and you made it make sense in no time! Saved me hours. Thank you.....
@pholmes41111 жыл бұрын
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!
@danielacalderon56229 жыл бұрын
Thank you so much! Wayyy better explained than in my "elite" institution!
@joeliscool286 жыл бұрын
I agree, and wassup you cute
@jacksonpettit17372 жыл бұрын
@@joeliscool28 Joel making moves
@ZENOREM8 жыл бұрын
thank you so much . why can't my 65yr old Yale graduate professor explain it this way :( you are a life saver
@scott803110 жыл бұрын
Thank you so much for clearing this up for me. Economics is my weakest subject.
@ReemaSingh9510 жыл бұрын
Mine too. For some reason my professor makes college economics look harder than it actually is, this was class was so easy in high school.
@nubemuffin11 жыл бұрын
Thanks for this video! You do a really fantastic job at explaining this using your oral explanations combined with the animation.
@PamsGoingOnRightNow11 жыл бұрын
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.
@benjaminquesnel735811 жыл бұрын
This was very useful! Great video representation. The pace of explanation is perfect. Thank you!
@LadiesMan4208 жыл бұрын
So easy and clear to understand! Thank you for taking the time to make such videos. Helps us students so much! :D
@matthewrism11 жыл бұрын
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.
@economicsfun11 жыл бұрын
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.
@economicsfun12 жыл бұрын
Thanks. Good to hear, because I am always trying to improve my clarity of explanation.
@DrGuha12 жыл бұрын
Excellent stuff. I am asking my online students to follow your material. Thanks and regards.
@oSiSxD10 жыл бұрын
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
@dIsTul2b3d6911 жыл бұрын
You are now officially my new favorite guy! You saved my ass!! Thank you sooooo much!!!
@blondie53506 жыл бұрын
Thanks so much! This helped me a ton as I was trying to study the night before a test.
@sallycoughlan18308 жыл бұрын
Such a clear and thorough explanation- thanks very much.
@matthewetheridge97388 жыл бұрын
very well produced and explained video. Thanks
@economicsfun8 жыл бұрын
+Matthew Etheridge You are welcome, indeed. if you get a chance share and like the videos. Also like MyBookSucks FB www.FaceBook.Com/PartyMoreStudyLess. This will help others find the videos.
@ReemaSingh9510 жыл бұрын
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
@prahladhegde5935 Жыл бұрын
The best and shortest explanation
@rmartin74711 жыл бұрын
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 :)
@Azizjon_1.48 жыл бұрын
Thank you a lot it was very interesting and clear to understand the topic
@benardkamtsaliraalidu314 Жыл бұрын
It was hard for me to calculate consumer and producer surplus even the deadweight loss but I found it simple after watching this video...thank you 🙏
@YesiLearn11 жыл бұрын
Great Video! Simple yet in-depth!
@Stampypeacefrog2 жыл бұрын
great explanation, very easy to understand. Thanks!
@CoOkieLoVer199312 жыл бұрын
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
@ambersajjad90308 жыл бұрын
I was having sooooooooo much confusion in this calculation now all is gone thanks to you!
@economicsfun8 жыл бұрын
+Amber Sajjad That is great to hear and you are very welcome. If you get a chance like and share the videos (also like MyBookSucks FB page www.FaceBook.Com/partymorestudyless)
@sokonimwango53155 жыл бұрын
Very very helpful, wish I found this channel earlier.
@Eilasmin110 жыл бұрын
Thank you so much! This video makes my life much better :)
@Anyway.Iloveyou12 жыл бұрын
this helps so much AMAZING!!!!! u should be sponsored by youtube!!!!
@jaimevelasquez42222 жыл бұрын
This helped me to understand better the topic.
@economicsfun11 жыл бұрын
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.
@diyagupta21172 жыл бұрын
God bless youtube teachers
@user-jl4xt1zp6o7 ай бұрын
Gifted with how to lecture 🎉🎉
@uwaviator8 жыл бұрын
Thank you very much. I wish my macro teacher would explain it this succinctly!
@laith22507 жыл бұрын
Louise Jessie me too
@prahladhegde5935 Жыл бұрын
I can't believe this video was uploaded before 10 yrs
@economicsfun12 жыл бұрын
@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.
@xxzzdatx12 жыл бұрын
Thanks for the great video!! it was really helpful and easy to understand!
@smithmaybell11 жыл бұрын
Thanks!! Finally, i understand...it's not as difficult as i thought!
@travisramirez12 жыл бұрын
Phenomenal Video, great explanation! This Cleared up so much for me, thank you!!
@NicatBehbudov5 жыл бұрын
You saved my life, thanks!
@greenfein78611 жыл бұрын
Did you make up the Price ceiling number along with QS and QD number? I am very confused
@son7689 Жыл бұрын
This really helped, I have a question though? How were you able to find the base of the triangle?
@Ui567yuyh3 жыл бұрын
This was fantastic thank you so much!
@DaniDavis31210 жыл бұрын
this was 150% helpful.. They are Helping me pass!
@economicsfun12 жыл бұрын
@xxzzdatx appreciate the positive feedback.
@zakiyautube10 жыл бұрын
perfect explanation. Thank you
@economicsfun12 жыл бұрын
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.
@sebasarizola54547 жыл бұрын
this video did help a lot, thank you for this
@shrimpinpat12 жыл бұрын
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!
@anniesimmons84514 жыл бұрын
Thank you! I understand it better now!
@tiamc200412 жыл бұрын
THANK YO SOOOO MUCH!!!! OMG, You broke this down wonderfully.
@MxCCDistance9 жыл бұрын
Amazing explanation, biggggggggggg help to understand the concept, but where did the total benefit before(54) come from?
@economicsfun9 жыл бұрын
That is the total benefit which is consumer surplus plus producer surplus. It is the blue and red triangles (about 2:25 in the video) Make sense?
@kunalsharma592010 жыл бұрын
My professor is soo useless. Thanx for the video. I learned more from this than from class.
@economicsfun12 жыл бұрын
@xxzzdatx thanks for the feedback. really appreciate it.
@economicsfun11 жыл бұрын
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.
@kalebjohnson77044 жыл бұрын
Awesome video, great work
@economicsfun12 жыл бұрын
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)
@vasyakrim10 жыл бұрын
what programm do u use to build this such graphs?
@economicsfun11 жыл бұрын
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.
@Shinshoeman6 жыл бұрын
So i thoroughly learn a 2 days worth of lecture in 7 minutes on youtube... ok then :3
@economicsfun11 жыл бұрын
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.
@WonderDongyu11 жыл бұрын
it does a lot of help,thanks!
@karlhans41165 жыл бұрын
Oh my oh my. Don't know how to thank you 😍😍😍
@economicsfun11 жыл бұрын
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.
@trazyliu10 жыл бұрын
The problem is I dont have the highest price of the demand curve on the y-axis so i cant find the area.
@jaydee____72476 жыл бұрын
Trazy Tracy same, how do you solve it if that’s the case?
@montesguitar5 жыл бұрын
If anyone sees this in the future wondering the same, you have to substitute 0 for your Q in the demanded inverse function to get the max price.
@arnav32532 жыл бұрын
fantastic explanation
@theprocrastinator57862 жыл бұрын
If i could give two likes i'd do it! Thank you for your help!
@RR747611 жыл бұрын
How do you compute consumer surplus in an oligopoly. Say for example the demand is P1=a1-q1-b.q2 where 0
@cdcr12 жыл бұрын
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?
@bradleythirumurthi2 жыл бұрын
Awesome video!
@economicsfun11 жыл бұрын
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.
@economicsfun12 жыл бұрын
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.
@heymylove86172 жыл бұрын
Can I ask ???
@bassamkanaan66783 жыл бұрын
love this video!
@economicsfun11 жыл бұрын
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.