a quick analysis of the kinked demand curve theory that attempts to explain why oligopolistic markets so frequently exhibit price rigidity
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@pajholden16 жыл бұрын
No, thank you for watching! It's a real pleasure for me when something I set up for my classes, here in Athens, Greece is watched and used by people all over the world.
@rebeccabor12 жыл бұрын
you have no idea how helpful you're video's are to my friend and i. would just like to say thank you soooo much. you don't understand how appreciative we are, and because of you we have a chance of getting into uni
@racerefozia12 жыл бұрын
without ur videos..man I can bet I would have failed my Economics class...I really appreciate this...You are touching lives in your own special way. Thanks. and please don not stop...WE NEED THIS!!!llol
@Chimmehchan9 жыл бұрын
This is great, love the stop at the end lmao
@bandehali15 жыл бұрын
I'm really very thankful to u that, u put these video here , and i have an exam day after tomorrow. I feel very confident myself after watching these videos...thanks very much PAJHOLDEN
@annekarinstensland827410 жыл бұрын
Thank you so much for posting these videos! Really helped me in studying for my upcoming exams :)
@landwarrior3487 жыл бұрын
How was your exam after 3 years?
@metallic2116 жыл бұрын
Wow this is very clear. Thanks! I never thought of MR being twice as steep as AR explaining the vertical bit in the MR curve.
@renaissancesun16 жыл бұрын
Again. Thank you for posting videos. I think I actually understand this in more depth than my professor went into, and I didn't understand it at all after that class period. And listening to it with the accent (I am American) made it even more enjoyable.
@herrowbirry10 жыл бұрын
Just in Art where the lack of space is important good teaching I believe is about knowing what to leave out of explanation to avoid confusion this guy teaches well.
@quinonesg11 жыл бұрын
Hello, just wanted to say that the outakes were fun to watch, I see that you do have a sense of humor not shown on your clips. I just began to take an Economics class, and your clips have been extremely helpful. I've watch some of the others and by far you're the best, I truly understand your lessons. I hate reading, listening to your clips is all I think I need to pass my class, thank you for what you do....
@onesickbreh15 жыл бұрын
I've got my units 4 and 5 A2 exams tomorrow, and i feel so much better prepared thanks to your videos. The explanations are so much better than any book's, teacher's or website's ive found. Thanks, keep it up
@jedideath16 жыл бұрын
I have seen myriad videos on youtube, and this is the first time I am commenting on one. That being said; I missed the day of class when my professor went over oligopolies and you just explained it very clearly and have effectively saved my ass on my final. much appreciated. =)
@trailerfinance13 жыл бұрын
i aced my essay question on this topic because of this video. thank you!
@DeluxeTechs5 жыл бұрын
You are GREAT at explaining. Understood the theory already, just fell across this. You are a good lecturer
@geraldford1316 жыл бұрын
I must admit, that was one of the clearest explainations of the kinked demand curve. I really enjoyed watching it and watching you enjoy yourself! Please, make more videos.
@GenevieveAmaBarry14 жыл бұрын
Just did this today and didn't understand it. it makes alot more sense now!!! Thanks
@quijadajr9 жыл бұрын
thanks for the video, btw you're pretty skilled when it comes to handle the marker!
@harisahmed9015 жыл бұрын
God bless u , you have no idea how much your videos are helping us..
@christacsi13 жыл бұрын
My Econs paper is tomorrow and I just started revising today... But after watching your videos I feel comfortably prepared for the paper !! You rock SIr =)))))))
@milesglanfield12 жыл бұрын
Fantastic video, really helped me for my exams next week. Thanks
@Willsoffe4616 жыл бұрын
Thanks very much, youre really helping me with my economics revision! You are much easier to understand than my lecturer!
@dinmukhamedshubay17044 жыл бұрын
Thank you so much for all of your incredibly useful videos. I would not have passed my Pre-U economics without you
@dinmukhamedshubay17044 жыл бұрын
Twelve years later, still the best
@pajholden16 жыл бұрын
The MC cuts the vertical discontinuity of the MR curve - so it is still MC=MR and therefore profit maximisation. The MR is strange but consistent with the kink in the AR/D curve. The bigger the bend in the AR/D curve, the larger the vertical discontinuity. Phil
@haz31315 жыл бұрын
Real asset to those Greek students, Paul =] Keep up the good work.
@pajholden16 жыл бұрын
It does. The discontinuity is directly below the kink in the AR/D curve. And that is the point at which the market is - at price P where there is nothing to be gained from either raising or lowering price. What is not explained is why the kink is exactly at that P and not another.
@socks88011 жыл бұрын
Thanks a lot Mr. Paj! You explained it so much better than my teacher. Only wish I had discovered your videos sooner!
@buddbb16 жыл бұрын
its awesome!!!!!!!! when i looked at my CFA level1 text book... i get totally confused!!! but u explained like , divide it into 2 parts.. the freaky MRs work out! i understand why MR looks like that now.. thank you so much! i love u.
@saltyseaweed12315 жыл бұрын
thank you mate. I have an exam later and youve helped me LOADS. Cheers.
@dunsedog15 жыл бұрын
same situation and i totally agree i wish i had found these earlier a real life saver.
@MrKunalrox11 жыл бұрын
LOL I love the last part! When he's like, "I think it's a good theory. Stop.", with that ' i approve' face. Anyway thanks alot Paj! Your videos are so much better than my lecturer or my lecture notes! Honestly you make it so easy! :) Love from Singapore
@Azerinaxx6 жыл бұрын
this was so helpful i was having a headache trying to understand my notes :\ REALLY HELPFUL
@mandugrg15679 жыл бұрын
that stop!! at the end hahahahaha
@RedExistence7 жыл бұрын
Suppppper helpful even 10 yrs later.. :)
@SagarDeopujari8 жыл бұрын
Easily made me understand it! nice work phil
@brewster7113 жыл бұрын
@pajholden very very helpful. I am taking a correspondence course and the teacher is just awful. You've saved my hide! Thanks so much.
@exceedingyoureverest1847 жыл бұрын
Thank you for this simple and informative video. It really helped me in my microeconomics final.
@haridangwal14 жыл бұрын
Thank you for this video...i played it atleast 5 times...which i cannot do with my professor thanks again.
@igorsk1912 жыл бұрын
Professor Paul, wonderful videos. They should hire you to fix the Greek economy!
@mramigohola110 жыл бұрын
Brilliant !!! could understand before , best explanation ive ever heard
@msdrebs12 жыл бұрын
LOVING YOU right now!! my ass has just been saved. thank youuu sir!
@TheHDSuperLow9 жыл бұрын
this is best explanation ever ty
@sailingrob11 жыл бұрын
Dude i think your the reason i may pass economics A level. Thank you you god!
@formatcforcortex24657 жыл бұрын
sweezy is my fav subject in micro economics...i love solving question about sweezy and other oligopol models such as cournet...
@death0dying12 жыл бұрын
" You're awesome." - That's an understatement.
@84652416214 жыл бұрын
Can' agree more with people here, you explaind everything in 5 minutes, my prof. couldn't in 3 1 hour.
@pranavguitarist10 жыл бұрын
ah...what would I do without you Mr Holden! the best
@jayjung99911 жыл бұрын
this has greatly helped me with my EE. thanks so much!
@Scuttsy12345678912 жыл бұрын
never understood this until now...thanks!
@xJ020x14 жыл бұрын
Thank you so much, been staring at my notes for about 30mins trying to work this out, and you explain it in 4!!!! thank you!
@chocolatl15 жыл бұрын
you are really really fantastic; thanks so much! and if i may say so, i think all your videos generate a large amount of positive externalities (:
@Asvel2312 жыл бұрын
thank you so much ! finally understand why the MR curve is discontinuous ^^
@E3tiger15 жыл бұрын
Great Vid! It looked like you were ready to knock the shit out of the people making a noise at the end when you said stop lol. H
@vanchoichoi16 жыл бұрын
awesome.. thank you saved me from my mock tomorrow
@akemi34510 жыл бұрын
Very well explained, thanks!
@GaelBernard11 жыл бұрын
Very good explanation. Thanks for the upload
@rosaestherchilquillorevatt40614 жыл бұрын
Gracias!!! Me despejaste la duda que tenia y no entendía en el libro 👍👍👍
@keepproductive10 жыл бұрын
Useful Revision!
@longscope113 жыл бұрын
very clear explanation, like it, wise our professor can do the same job
@dfadel114 жыл бұрын
youre a true legend Phil, thanks!
@miebakso16 жыл бұрын
totaly help me out with my eco hw. i missed my lec and this just totaly saved 2 hour of lec. lol
@Faisaleoar11 жыл бұрын
Thank you Mr. Paul, you've saved me into failing my eco test !
@rabiousrobert12 жыл бұрын
geniouss!! now I can do my work on oligopoly, THANKS
@Mragnelodsouza12 жыл бұрын
Thanks for that mate! Clears some misunderstandings :)
@Diazreta13 жыл бұрын
The part where the MR curve is vertical where MC is able to rise and not affect Price or Quantity. What is the name of that region? I thought that there was a name for it but I can't remember...
@mike-wi8wm8 жыл бұрын
Actually developed in the 1930s not the 1950s, for God's sake get it together Paj
@artofu985 жыл бұрын
I might need to stop coming to my economics class and learn everything through yt instead
@thenurispunk11 жыл бұрын
oh excellent just excellent
@StephanyKong16 жыл бұрын
Thank you very much. It was very helpful!
@MrHowtobeindie11 жыл бұрын
saved me FROM* failing your eco test, i think is what you meant!
@sanzaidi15 жыл бұрын
u made it look so simple!!
@caribbeanqueen138910 жыл бұрын
Based on what you said, can I safely make the assumption that firms in oligopolistic markets have to find another means by which to be competitive, and this is accomplished via their STP position?
@nnamdiimo86028 жыл бұрын
Good job, very well explained.
@Unknown-hb7yr12 жыл бұрын
this is very helpful. thank you so much!
@vishalb085 жыл бұрын
Thank you for the explanation. Very helpful
@udcigs9 жыл бұрын
Thanks, that was a very useful video
@hormar0015 жыл бұрын
thanks very much, very clearly explained
@MelissaGasia13 жыл бұрын
Wow well explained!
@pradnya2215 жыл бұрын
I WISH I CAN DONATE YOU FOR ALL YOUR VIDEO SIR!!! u really have no idea how this video help us...
@ukdomi16 жыл бұрын
that's great, really good explanation
@FoxtrotDelta1115 жыл бұрын
you are very welcome my good man
@junniejunjun16 жыл бұрын
hmmm so ultimately we cannot deduce the MR from the kinked demand curve? this is probably a limitation of the diagram am i correct to say that?
@longscope113 жыл бұрын
very clear explanation, like it
@mysongbook13 жыл бұрын
@summer9380 noone knows why its at the price P we just assume that it starts there...
@MC11711 жыл бұрын
Now I get it. Much appreciated.
@vgastes13 жыл бұрын
So would the goal of oligopolistic firms be to minimize their marginal cost? Because won't they have more profit if they can keep their MC as low as possible since P and Q will remain the same???
@Mragnelodsouza12 жыл бұрын
Hello sir! That was a terrific video. A question: when do the MC curves shift? in what scenarios would they shift upwards? My intuition is saying diseconomies of scale but could u confirm that please? Thanks!
@epicosity23412 жыл бұрын
bless your soul sir!
@planbeplanner4 жыл бұрын
Nice lecture
@Jinggg2111 жыл бұрын
Hi sir :) I'm confused on why is the MR curve twice as steep as the D curve?
@ishpico12 жыл бұрын
Just brilliant!!!
@fitriomar48427 жыл бұрын
Really helpful! thanks
@junniejunjun16 жыл бұрын
hey i am still confused here sorry, wat is the MR at P, kos MC cuts nothing at that point :/
@mehrzady70638 жыл бұрын
very good job,thanks
@JSalvador127213 жыл бұрын
Thanks, that made a lot of sense
@ckyborg9 жыл бұрын
Ms Ducie sent me. Also, IB exams tmr...cri
@davidbabatunde75798 жыл бұрын
Thank you, makes so much sense now!
@Aqui768 ай бұрын
Wonderful!
@Muktho13 жыл бұрын
is the fall in mc 2 to mc 1, because of fall in price, on the diagram there is only one price "P", be helpful if u could relate the discontinuation of ar with the fall in price,, i know they dont lower the price because there is no incentive, and Mc still =Mr and the quantity the same, and also if u could explain the term "sticky price" tnx Mark.
@JMM3335 жыл бұрын
Do you read sweezys monopol capital book, which he wrote with Baran? I have it with me in the Philippines and will read it next week.