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kinked demand curve theory

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pajholden

pajholden

Күн бұрын

a quick analysis of the kinked demand curve theory that attempts to explain why oligopolistic markets so frequently exhibit price rigidity

Пікірлер: 151
@pajholden
@pajholden 16 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.
@rebeccabor
@rebeccabor 12 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
@racerefozia
@racerefozia 12 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
@Chimmehchan
@Chimmehchan 9 жыл бұрын
This is great, love the stop at the end lmao
@bandehali
@bandehali 15 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
@annekarinstensland8274
@annekarinstensland8274 10 жыл бұрын
Thank you so much for posting these videos! Really helped me in studying for my upcoming exams :)
@landwarrior348
@landwarrior348 7 жыл бұрын
How was your exam after 3 years?
@metallic21
@metallic21 16 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.
@renaissancesun
@renaissancesun 16 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.
@herrowbirry
@herrowbirry 10 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.
@quinonesg
@quinonesg 11 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....
@onesickbreh
@onesickbreh 15 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
@jedideath
@jedideath 16 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. =)
@trailerfinance
@trailerfinance 13 жыл бұрын
i aced my essay question on this topic because of this video. thank you!
@DeluxeTechs
@DeluxeTechs 5 жыл бұрын
You are GREAT at explaining. Understood the theory already, just fell across this. You are a good lecturer
@geraldford13
@geraldford13 16 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.
@GenevieveAmaBarry
@GenevieveAmaBarry 14 жыл бұрын
Just did this today and didn't understand it. it makes alot more sense now!!! Thanks
@quijadajr
@quijadajr 9 жыл бұрын
thanks for the video, btw you're pretty skilled when it comes to handle the marker!
@harisahmed90
@harisahmed90 15 жыл бұрын
God bless u , you have no idea how much your videos are helping us..
@christacsi
@christacsi 13 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 =)))))))
@milesglanfield
@milesglanfield 12 жыл бұрын
Fantastic video, really helped me for my exams next week. Thanks
@Willsoffe46
@Willsoffe46 16 жыл бұрын
Thanks very much, youre really helping me with my economics revision! You are much easier to understand than my lecturer!
@dinmukhamedshubay1704
@dinmukhamedshubay1704 4 жыл бұрын
Thank you so much for all of your incredibly useful videos. I would not have passed my Pre-U economics without you
@dinmukhamedshubay1704
@dinmukhamedshubay1704 4 жыл бұрын
Twelve years later, still the best
@pajholden
@pajholden 16 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
@haz313
@haz313 15 жыл бұрын
Real asset to those Greek students, Paul =] Keep up the good work.
@pajholden
@pajholden 16 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.
@socks880
@socks880 11 жыл бұрын
Thanks a lot Mr. Paj! You explained it so much better than my teacher. Only wish I had discovered your videos sooner!
@buddbb
@buddbb 16 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.
@saltyseaweed123
@saltyseaweed123 15 жыл бұрын
thank you mate. I have an exam later and youve helped me LOADS. Cheers.
@dunsedog
@dunsedog 15 жыл бұрын
same situation and i totally agree i wish i had found these earlier a real life saver.
@MrKunalrox
@MrKunalrox 11 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
@Azerinaxx
@Azerinaxx 6 жыл бұрын
this was so helpful i was having a headache trying to understand my notes :\ REALLY HELPFUL
@mandugrg1567
@mandugrg1567 9 жыл бұрын
that stop!! at the end hahahahaha
@RedExistence
@RedExistence 7 жыл бұрын
Suppppper helpful even 10 yrs later.. :)
@SagarDeopujari
@SagarDeopujari 8 жыл бұрын
Easily made me understand it! nice work phil
@brewster71
@brewster71 13 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.
@exceedingyoureverest184
@exceedingyoureverest184 7 жыл бұрын
Thank you for this simple and informative video. It really helped me in my microeconomics final.
@haridangwal
@haridangwal 14 жыл бұрын
Thank you for this video...i played it atleast 5 times...which i cannot do with my professor thanks again.
@igorsk19
@igorsk19 12 жыл бұрын
Professor Paul, wonderful videos. They should hire you to fix the Greek economy!
@mramigohola1
@mramigohola1 10 жыл бұрын
Brilliant !!! could understand before , best explanation ive ever heard
@msdrebs
@msdrebs 12 жыл бұрын
LOVING YOU right now!! my ass has just been saved. thank youuu sir!
@TheHDSuperLow
@TheHDSuperLow 9 жыл бұрын
this is best explanation ever ty
@sailingrob
@sailingrob 11 жыл бұрын
Dude i think your the reason i may pass economics A level. Thank you you god!
@formatcforcortex2465
@formatcforcortex2465 7 жыл бұрын
sweezy is my fav subject in micro economics...i love solving question about sweezy and other oligopol models such as cournet...
@death0dying
@death0dying 12 жыл бұрын
" You're awesome." - That's an understatement.
@846524162
@846524162 14 жыл бұрын
Can' agree more with people here, you explaind everything in 5 minutes, my prof. couldn't in 3 1 hour.
@pranavguitarist
@pranavguitarist 10 жыл бұрын
ah...what would I do without you Mr Holden! the best
@jayjung999
@jayjung999 11 жыл бұрын
this has greatly helped me with my EE. thanks so much!
@Scuttsy123456789
@Scuttsy123456789 12 жыл бұрын
never understood this until now...thanks!
@xJ020x
@xJ020x 14 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!
@chocolatl
@chocolatl 15 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 (:
@Asvel23
@Asvel23 12 жыл бұрын
thank you so much ! finally understand why the MR curve is discontinuous ^^
@E3tiger
@E3tiger 15 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
@vanchoichoi
@vanchoichoi 16 жыл бұрын
awesome.. thank you saved me from my mock tomorrow
@akemi345
@akemi345 10 жыл бұрын
Very well explained, thanks!
@GaelBernard
@GaelBernard 11 жыл бұрын
Very good explanation. Thanks for the upload
@rosaestherchilquillorevatt4061
@rosaestherchilquillorevatt4061 4 жыл бұрын
Gracias!!! Me despejaste la duda que tenia y no entendía en el libro 👍👍👍
@keepproductive
@keepproductive 10 жыл бұрын
Useful Revision!
@longscope1
@longscope1 13 жыл бұрын
very clear explanation, like it, wise our professor can do the same job
@dfadel1
@dfadel1 14 жыл бұрын
youre a true legend Phil, thanks!
@miebakso
@miebakso 16 жыл бұрын
totaly help me out with my eco hw. i missed my lec and this just totaly saved 2 hour of lec. lol
@Faisaleoar
@Faisaleoar 11 жыл бұрын
Thank you Mr. Paul, you've saved me into failing my eco test !
@rabiousrobert
@rabiousrobert 12 жыл бұрын
geniouss!! now I can do my work on oligopoly, THANKS
@Mragnelodsouza
@Mragnelodsouza 12 жыл бұрын
Thanks for that mate! Clears some misunderstandings :)
@Diazreta
@Diazreta 13 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-wi8wm
@mike-wi8wm 8 жыл бұрын
Actually developed in the 1930s not the 1950s, for God's sake get it together Paj
@artofu98
@artofu98 5 жыл бұрын
I might need to stop coming to my economics class and learn everything through yt instead
@thenurispunk
@thenurispunk 11 жыл бұрын
oh excellent just excellent
@StephanyKong
@StephanyKong 16 жыл бұрын
Thank you very much. It was very helpful!
@MrHowtobeindie
@MrHowtobeindie 11 жыл бұрын
saved me FROM* failing your eco test, i think is what you meant!
@sanzaidi
@sanzaidi 15 жыл бұрын
u made it look so simple!!
@caribbeanqueen1389
@caribbeanqueen1389 10 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?
@nnamdiimo8602
@nnamdiimo8602 8 жыл бұрын
Good job, very well explained.
@Unknown-hb7yr
@Unknown-hb7yr 12 жыл бұрын
this is very helpful. thank you so much!
@vishalb08
@vishalb08 5 жыл бұрын
Thank you for the explanation. Very helpful
@udcigs
@udcigs 9 жыл бұрын
Thanks, that was a very useful video
@hormar00
@hormar00 15 жыл бұрын
thanks very much, very clearly explained
@MelissaGasia
@MelissaGasia 13 жыл бұрын
Wow well explained!
@pradnya22
@pradnya22 15 жыл бұрын
I WISH I CAN DONATE YOU FOR ALL YOUR VIDEO SIR!!! u really have no idea how this video help us...
@ukdomi
@ukdomi 16 жыл бұрын
that's great, really good explanation
@FoxtrotDelta11
@FoxtrotDelta11 15 жыл бұрын
you are very welcome my good man
@junniejunjun
@junniejunjun 16 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?
@longscope1
@longscope1 13 жыл бұрын
very clear explanation, like it
@mysongbook
@mysongbook 13 жыл бұрын
@summer9380 noone knows why its at the price P we just assume that it starts there...
@MC117
@MC117 11 жыл бұрын
Now I get it. Much appreciated.
@vgastes
@vgastes 13 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???
@Mragnelodsouza
@Mragnelodsouza 12 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!
@epicosity234
@epicosity234 12 жыл бұрын
bless your soul sir!
@planbeplanner
@planbeplanner 4 жыл бұрын
Nice lecture
@Jinggg21
@Jinggg21 11 жыл бұрын
Hi sir :) I'm confused on why is the MR curve twice as steep as the D curve?
@ishpico
@ishpico 12 жыл бұрын
Just brilliant!!!
@fitriomar4842
@fitriomar4842 7 жыл бұрын
Really helpful! thanks
@junniejunjun
@junniejunjun 16 жыл бұрын
hey i am still confused here sorry, wat is the MR at P, kos MC cuts nothing at that point :/
@mehrzady7063
@mehrzady7063 8 жыл бұрын
very good job,thanks
@JSalvador1272
@JSalvador1272 13 жыл бұрын
Thanks, that made a lot of sense
@ckyborg
@ckyborg 9 жыл бұрын
Ms Ducie sent me. Also, IB exams tmr...cri
@davidbabatunde7579
@davidbabatunde7579 8 жыл бұрын
Thank you, makes so much sense now!
@Aqui76
@Aqui76 8 ай бұрын
Wonderful!
@Muktho
@Muktho 13 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.
@JMM333
@JMM333 5 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.
@TheGurkmonster
@TheGurkmonster 12 жыл бұрын
Cheers! helped a lot!
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