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How to draw income and substitution effects

  Рет қаралды 275,424

MumblingProfessor

MumblingProfessor

Күн бұрын

Пікірлер: 197
@Hercules003
@Hercules003 10 жыл бұрын
You are no mumbling professor, you should call yourself Professor Clarity. I have been struggling to get into grips with this hicksian model- you just made it look so simple! Thank you.
@tushtichakraborty4149
@tushtichakraborty4149 3 жыл бұрын
OH MY GOD!!!! I've been struggling for 30 days straight , no amount of reading and re-reading helped. Thank you SO MUCH, you have my heart.❤️
@iop460
@iop460 3 жыл бұрын
Now , you will teach me this 😂
@vinaysharma6429
@vinaysharma6429 3 жыл бұрын
and uh have mine😂
@eriangelino7800
@eriangelino7800 4 жыл бұрын
I remember when I took a micorecon class, the guy who taught me was smart but had no idea of how to explain and channel it to his students. You clearly demonstrated with this short clip that teaching is an art. Teaching requires a special skil like magic.
@juanvaldez4169
@juanvaldez4169 8 жыл бұрын
Thank you so much professor, this was extremely helpful. Wonderful explanation!
@MumblingProfessor
@MumblingProfessor 8 жыл бұрын
+Juan Valdez glad it helped!
@rashidlone17
@rashidlone17 2 жыл бұрын
Watched this after 9 years.. You Rock Professor.
@jonen9494
@jonen9494 8 жыл бұрын
Thanks, way more informative than other videos on the subject. Your help is much appreciated.
@bauyrzhanmakhambet4747
@bauyrzhanmakhambet4747 3 жыл бұрын
You are not mumbling Professor! Your explanation is so great. Now I don't have any doubts of drawing those graphs
@mohtoadh
@mohtoadh 8 жыл бұрын
To say that this helped me would be an understatement. Thank you!
@samitaboon6530
@samitaboon6530 11 ай бұрын
I don’t think I can thank you enough. You are my lifesaver ❤I have been struggling for a whole week to get a grip with drawing these graphs.
@luckyim6504
@luckyim6504 7 жыл бұрын
omg i was falling asleep due to so much technical terms when i was reading economics reference book. This makes so much better and simple
@jamesbai5586
@jamesbai5586 5 жыл бұрын
I actually learned so much in just 6 minutes wow.
@meiqingao7064
@meiqingao7064 2 жыл бұрын
I have been struggling for a month, and thank you so much!!! This is so clear!
@Mahdul
@Mahdul 6 жыл бұрын
Thank you professor!! I was struggling with this drawing yesterday and now i has become cleared :-) Bless you
@danielshikuku5588
@danielshikuku5588 3 жыл бұрын
Thank you so much for your coaching ...i have learned something new i didn't understand in class
@wanjadouglas3058
@wanjadouglas3058 4 жыл бұрын
You just saved me big time Prof. Appreciation from Nairobi Kenya
@EgeHanci
@EgeHanci 3 ай бұрын
Fantastic video and really helpful for university, thank you
@diahpramesti2755
@diahpramesti2755 9 жыл бұрын
you are very helpful, very clear, especially for people who study this with English as a second language. Thank you so much :)
@abrahampkursho7242
@abrahampkursho7242 2 жыл бұрын
Absolutely awesome , lecturers make it look tough ♥️♥️
@TheCRonaldo1022
@TheCRonaldo1022 9 жыл бұрын
You are such an awesome prof! Very easy to follow and clear on every single point! Thanks a lot.
@manyamehrotra6275
@manyamehrotra6275 7 ай бұрын
thank you so much! This is by far one of the best explanations on the topic :)
@vyle7100
@vyle7100 3 жыл бұрын
Thank you so much! Your explanation is the clearest one and help me understand the concept very well.
@chrismoore970
@chrismoore970 4 жыл бұрын
as far as your 'Zoomed In" portion of the video goes, holding purchasing power constant would make it so you could afford bundle A. your optimal bundle would change as you shift the slope of your budget constraint. a budget constraint with a new slope would mean the IDC would be tangent at a different point & you're optimum under new prices would change. the difference between your optimal bundle at old prices (A) & new prices (B) would be the actual substitution effect. I don't see how you can claim that you've held purchasing power constant, but make your original bundle unaffordable. i am a student trying to understand the material but it seems as if you are combing Hicks substitution (hold utility constant) & Slutsky substitution (hold purchasing power constant). if i am not understanding this correctly please explain why. Thanks!
@josephotieno5907
@josephotieno5907 4 жыл бұрын
wow....fantastic explanation. Precise enough
@CyanideShock
@CyanideShock 6 жыл бұрын
Bravo. Great job explaining a difficult diagram with such ease.
@keithhudson3138
@keithhudson3138 6 жыл бұрын
I love you!!! Thank you!!! Perfection!!!! I'll be watching this all weekend so I will have it etched in my head.
@khan40018
@khan40018 6 жыл бұрын
really a concise,clear and helpful thankyou professor
@juliaaltit7938
@juliaaltit7938 6 жыл бұрын
You were amazing professor! Thank you so much for your wonderful explanation! you saved my life
@jingsun5374
@jingsun5374 7 жыл бұрын
wonderful explanation and you make it look very simple
@farjiarashid2947
@farjiarashid2947 8 жыл бұрын
thnx a lot professor........really helpful.... !!!!!!!
@dwijenbhowal4394
@dwijenbhowal4394 7 жыл бұрын
thank you so much ma'am , that was wonderfully explained ,I had really been suffocated to understand and draw the diagram,which you had explained in such simple kind of way,thank you so much ma'am.
@trialsofkay890
@trialsofkay890 3 жыл бұрын
i'm watching this 9 years after it's posted and i got to say, it helped me so so much. thank you!
@reshaddurani3445
@reshaddurani3445 10 жыл бұрын
Thankssssss a lot miss professor, just got it too easily. YOU ARE THE BEST
@seerat1000
@seerat1000 8 жыл бұрын
God bless you professor great explanation :) thanks
@TreBlass
@TreBlass 9 жыл бұрын
Thank you so much for the tutorial...I now feel so confident in this topic..
@ScienceTech001
@ScienceTech001 5 жыл бұрын
Great video welcome in India
@LeonMusicful
@LeonMusicful 7 жыл бұрын
This is 1000000% clearer than my CFA textbook.
@sabrinafatemachowdhury6974
@sabrinafatemachowdhury6974 5 жыл бұрын
Thank you so much, mumbling professor. A very effective video
@suleimanomar3228
@suleimanomar3228 6 жыл бұрын
thank you professor that was really helpful much love from kenya
@aonmay8947
@aonmay8947 2 жыл бұрын
remarkable explaination. Thank you Professor.
@ermxin
@ermxin 11 жыл бұрын
Good explanation, buuuuuut it would be good to mention the difference between Hicks and Slutsky....cause IT IS possible that the parallely displaced budget constraint crosses the optimum in A....as long as you draw a new indifference curve for the B, which has to be parallel to the indifference curve of A. That would be the Slutsky substitution and income effect.
@hamayonfaisal829
@hamayonfaisal829 7 жыл бұрын
A great video! thank you for providing such excellent lessons.
@yllassally
@yllassally 10 жыл бұрын
Thank you!! This was very clear and easy to understand!
@mdashikurrahman2263
@mdashikurrahman2263 2 жыл бұрын
6:57 minutes video equals to 3 hours lecture of my uni.
@Thakurrahul1867
@Thakurrahul1867 6 жыл бұрын
Awesome... Thnx professor... Really amazing explanation.
@harpreetkahlon5743
@harpreetkahlon5743 7 жыл бұрын
you are very nice professor ,wonderful explanation .thanks
@Saidul0_0
@Saidul0_0 8 жыл бұрын
Thank you 😊 for elaborateI easily understood the concept
@MsKnightey
@MsKnightey 10 жыл бұрын
Thanks professor very helpful
@nevais171
@nevais171 8 жыл бұрын
This only became clear to me after watching the video. THANK YOU!!!
@gideonopoku2088
@gideonopoku2088 10 ай бұрын
Awesome explanation
@nahirjaved
@nahirjaved 8 жыл бұрын
Thank you mumbling professor. It helped a lot.
@harmsbf3673
@harmsbf3673 4 жыл бұрын
Best explanation ever! Thanks!
@hshibeeb
@hshibeeb 6 жыл бұрын
Perfectly explained Thanks very much for your time
@mariahadiqa1873
@mariahadiqa1873 4 жыл бұрын
You made it so simple, excellent video
@Tshikumu
@Tshikumu 4 жыл бұрын
thank you well explained got it ready to shine
@chudaibi988
@chudaibi988 Жыл бұрын
Beautiful graph. Thanks pro!
@MrYevin
@MrYevin 8 жыл бұрын
Great explanation 👌
@jonathanbarratt4079
@jonathanbarratt4079 8 жыл бұрын
You're a hero, maybe next time use colours to make it even easier to see but still an excellent video thank you very much.
@MumblingProfessor
@MumblingProfessor 8 жыл бұрын
+Jonathan Barratt Thanks for the suggestion.
@nadhifhaiba6322
@nadhifhaiba6322 10 ай бұрын
wonderful explanation
@HuyenNguyen-pl6lb
@HuyenNguyen-pl6lb 8 жыл бұрын
Thank you for explaining it carefully :)
@mrshulk781
@mrshulk781 6 жыл бұрын
wowww... best explanation ever.. thank you so much
@plankman6197
@plankman6197 5 жыл бұрын
Bless you professor!😭😭😭😭😭😭
@famaaftab9022
@famaaftab9022 7 жыл бұрын
This was so helpful. Stay blessed ☺☺
@damodarprabhu3221
@damodarprabhu3221 6 жыл бұрын
Thanks , as ur explaination help me to know what it means n how to draw it... , I loved how u presented .... Again thank you very much.
@KhatuShyamji1105
@KhatuShyamji1105 7 жыл бұрын
ur explanation is really good...thanx a lot
@bennymbilo273
@bennymbilo273 3 жыл бұрын
I love you Prof😘...thank you for this tutorial.
@pujachouhan8831
@pujachouhan8831 7 жыл бұрын
Thanku ... it really helpful. . Very easily i understood
@chrismoore970
@chrismoore970 4 жыл бұрын
i am certain that in this video you have held utility constant, not purchasing power.
@JulianWalmsley
@JulianWalmsley 10 жыл бұрын
Most helpful...Thank you!
@wjtan351
@wjtan351 8 жыл бұрын
how do you draw a line that is parallel to the new budget constraint and is tangent to the original indifference curve?
@bashubash
@bashubash 8 жыл бұрын
This helped me. Thank you.
@balochistatus7506
@balochistatus7506 6 жыл бұрын
Thank you Professor its was really helpful.
@beatspongebob9643
@beatspongebob9643 10 жыл бұрын
best explanation ..
@ayeshampd
@ayeshampd 6 жыл бұрын
thank u professor. very helpfull
@MoodReaderMary
@MoodReaderMary 7 жыл бұрын
Thank you so much! This helped me a lot and I have an exam tomorrow! :D
@59-chandansharma21
@59-chandansharma21 3 жыл бұрын
Thanks mam for analysis institutional effect
@patriciadonahoe5945
@patriciadonahoe5945 8 жыл бұрын
This was very helpful. Thank you!!
@fabricioface
@fabricioface 8 жыл бұрын
really cool, especially the "wrong" slide
@LwaziNzimande
@LwaziNzimande 8 жыл бұрын
Thank you! Short and Sweet...
@tgtgtggggtt
@tgtgtggggtt 6 жыл бұрын
Thank you so much from Thai econ student
@freshluvjoe
@freshluvjoe 4 жыл бұрын
That was very clear! Thank you! I understand now.... finally. :)
@ThePhilbox
@ThePhilbox 11 жыл бұрын
2:38.... holding utility constant, not really a measure of income....no?
@Saba-dv1pz
@Saba-dv1pz 4 жыл бұрын
Thanks for that clear explanations ! :)
@irfanhasan1515
@irfanhasan1515 5 жыл бұрын
Superb.
@kayolatyson5999
@kayolatyson5999 7 жыл бұрын
Thank you so much. Very helpful.
@battu007
@battu007 7 жыл бұрын
Thanks a lot... Great video... made in 2012 yet helpful in 2016 =D
@ranabushreida7145
@ranabushreida7145 10 жыл бұрын
Thank you so much Professor. It's really helpful! (Y)
@dilruvirajapaksha4350
@dilruvirajapaksha4350 5 жыл бұрын
😃
@kumailrazapardhan7667
@kumailrazapardhan7667 4 жыл бұрын
Thank you so much professor .
@Jasminriverarealtor
@Jasminriverarealtor 3 жыл бұрын
Super helpful!! Thank you
@nehamalik312
@nehamalik312 6 жыл бұрын
Very nicely taught
@radhapatel8288
@radhapatel8288 7 жыл бұрын
This was very helpful thank you so much
@shivnandansinghlodhi8408
@shivnandansinghlodhi8408 7 жыл бұрын
Thank you so much. This was so helpful.
@Johanian6
@Johanian6 11 жыл бұрын
Thanks! You're very good at explaining!
@Hiphop7King
@Hiphop7King 7 жыл бұрын
great explanation! thanks
@bauerdan914
@bauerdan914 2 жыл бұрын
it was an amazing session,
@alfredshereni6388
@alfredshereni6388 Жыл бұрын
Amazing
@bilalasad9901
@bilalasad9901 6 жыл бұрын
I am so sorry, I am not sure how responsive you are but I do have a question! What happens to the graph if the price reduction is on the left? i.e the vertical axis?
@NepalSpaInsider
@NepalSpaInsider 6 жыл бұрын
great 😀thank you soo much☺
@rosiedan9740
@rosiedan9740 8 жыл бұрын
thanks professor appreciate your help!
@zubairkaisar1293
@zubairkaisar1293 7 жыл бұрын
Wow so clear! thank you so much.
@chrismoore970
@chrismoore970 4 жыл бұрын
if you are holding purchasing power constant why can you not afford the original bundle A that you began with? by remaining on the same indifference curve aren't you holding utility constant, not purchasing power?
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