Price Discrimination- Micro Topic 4.3

  Рет қаралды 487,716

Jacob Clifford

Jacob Clifford

Күн бұрын

In this video I explain how to draw a monopoly with first degree price discrimination. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.
Need help? Check out the Ultimate Review Packet for FREE: www.acdcecon.com/review-packet

Пікірлер: 166
@mvkeveli
@mvkeveli 8 жыл бұрын
i swear, these videos help me understand more in an hour than a whole week's worth of lecture in class lol.
@Chocolatejazz
@Chocolatejazz Жыл бұрын
I'm so regretful that I've never seen this before. This so clear and straightforward!!!
@d1pset69
@d1pset69 10 жыл бұрын
hey man. just wanted to say thank you. it is finals week and your short videos helped me way more than my professor's 2 hour lectures twice a week. if i ever see you out, i am buying you some drinks
@eliwolfberg8310
@eliwolfberg8310 Жыл бұрын
Ong
@leonardobriceno1416
@leonardobriceno1416 8 жыл бұрын
well then. This dude did what my textbook in all its might and glory could not. you sir, deserve some sort of ninja teacher award.
@officialretnuh208
@officialretnuh208 4 жыл бұрын
I'm out here trying to learn a semester of content on youtube the night before my final. smh.
@Eemuumi
@Eemuumi 4 жыл бұрын
How did it go?
@MANISHSHARMA-pi1cl
@MANISHSHARMA-pi1cl 3 жыл бұрын
Amen
@user-qf5nq3cs9x
@user-qf5nq3cs9x 3 жыл бұрын
Good luck
@nish.6669
@nish.6669 3 жыл бұрын
same but make it 2 years
@jasonmullis3879
@jasonmullis3879 2 жыл бұрын
lmao im here 20 mins before I gotta start my midterm
@BrianWalkerMusic
@BrianWalkerMusic 12 жыл бұрын
I learned more in this playlist from Mark Cuban than I did this whole unit of Economics!!
@akhilsharma2712
@akhilsharma2712 6 жыл бұрын
Didn't know Mark Cuban was good at teaching economics...
@nguyetanhle5662
@nguyetanhle5662 7 жыл бұрын
in 5 mins , I learned more than what my prof been teaching for a semester , thank you so much
@dennisivarsson5577
@dennisivarsson5577 8 жыл бұрын
You are awesome Mr Clifford. G'dang. I've got a finals test coming up next week and I'm going through all your videos within the Microeconomics area and I've gotta say that for almost every video I get this "aaaaahh..!" moment. I've learned more from your videos so far than in my entire semester. Way to go sir you rock!
@MrTtyl210
@MrTtyl210 10 жыл бұрын
Props to this gentleman! He did what most micro professors do in 80 mins in less than 5 mins. He articulated what I needed to learn from the SAME lecture conceptually and for that, I tip my hat off to you.
@Freunde123
@Freunde123 8 жыл бұрын
You're doing a greeeaat job! Keep going! You deserve 1000000000 viewers!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Freunde123 Thanks. It all starts with you. Please subscibe and share my videos.
@marciagomes5430
@marciagomes5430 10 жыл бұрын
Thank you! You explain in less than 5 mins what I couldn't learn in 2hours!
@rishabprasad7633
@rishabprasad7633 6 жыл бұрын
hey man. i would like to thank you for making these videos. there are many channels who just put shit in their videos. but the teaching style you have undertaken is just so cool. i really enjoy the way of your teaching more than i enjoy economics.
@ektaaggarwal5226
@ektaaggarwal5226 3 жыл бұрын
You are fantastic..... I was never able to understand the difference even after attending doubt classes and reading books but your short video made it so clear.... than you so much.. I am loving economics because of you.
@jasminkhg
@jasminkhg 9 жыл бұрын
I have a Micro final tomorrow and this helped so much!!!
@lawyeungwai4a
@lawyeungwai4a 10 жыл бұрын
words alone cant express how much I love your videos. AWESOME!!!!!
@thegirlnerd
@thegirlnerd 11 жыл бұрын
THANK YOU. This was one of my final frq's and all I learned about price discriminate monopolies was from this video. You basically saved my grade!!
@Alice-gl6um
@Alice-gl6um 5 жыл бұрын
you are an amazing teacher, just gifted to be a teacher for sure... thanks man
@haribostarmix7375
@haribostarmix7375 10 жыл бұрын
omgg lol i swear i wish u were my econ teacher, i dont think i would ever fall asleep or lose focus, you have a really engaging teaching style , thankss for the help :)
@dyeballa04
@dyeballa04 12 жыл бұрын
this guy really is amazing...he explained in 10 seconds what it took my teacher an entire hour to explain
@IRELANDsLEPRECHAUN
@IRELANDsLEPRECHAUN 10 жыл бұрын
I owe you a good chunk of tuition going towards my Econ minor haha Thank you very much!!!
@michaelbird3561
@michaelbird3561 8 жыл бұрын
Right...I got Price and Consumer surplus wrong - great trick question. I just learnt so much!!
@jackbroide2309
@jackbroide2309 2 жыл бұрын
My guy has been helping econ students for over a decade- absolute GOAT
@MajorasMaskMailman
@MajorasMaskMailman 8 жыл бұрын
This video made so many earlier concepts click for me. Awesome.
@zzzz02929
@zzzz02929 3 жыл бұрын
Hey sir, im a student from Asia studying in Asia and your vids really helped me a lot. Thank you!
@SristiBardewa
@SristiBardewa 4 ай бұрын
I can't tell you how thankful I am.. I literally got into tears as I understood these concepts for the first time. I've got my final exam tomorrow... Hope everything goes well. Lots of love from Nepal!!!
@syedyawarshah1541
@syedyawarshah1541 9 ай бұрын
Cannot be explained much better...you are doing brilliant job...stay happy ...sir
@Ksix1
@Ksix1 6 жыл бұрын
Fantastic! The pace of the video is a little fast but everything make sense. Going to SUB for sure!
@thickpurrrito325
@thickpurrrito325 Жыл бұрын
Amazing playlist! Very helpful, thank you! I am sharing it with my friends
@mohdzaidan6990
@mohdzaidan6990 3 жыл бұрын
It is 2020 and this video really2 helps me in understanding more about econs.. Thanks sir👍👍👍
@hasanmaharoof
@hasanmaharoof 6 ай бұрын
Old but gold. Thank you!
@slakcer
@slakcer 13 жыл бұрын
thanks for posting!! your videos are very helpful and fun to watch!!
@maeveharper2627
@maeveharper2627 6 жыл бұрын
this has helped mr for my ap micro class so much, thank you !!
@yeswaystation27
@yeswaystation27 7 жыл бұрын
Man, I love these interactive videos. The guy reminds me of Mark Cuban, lol :P
@ric6383
@ric6383 2 жыл бұрын
Thanks. Finally found the MR=D case as extension material for AQA A-level Economics in the Powell & Powell textbook
@tabletennistexas5130
@tabletennistexas5130 3 жыл бұрын
Over 10 years later and youre still carrying for my AP Exam lol when I have barely over a day left. Thanks Mr. Clifford!
@beetek2185
@beetek2185 5 жыл бұрын
i just love your teaching....be blessed sir
@MarianaKobayashi
@MarianaKobayashi 6 жыл бұрын
If were not for your videos I would fail! In not so much time I get the entire lecture thank youuu
@febrianyalisman3689
@febrianyalisman3689 Жыл бұрын
awesome explanation..i learned more than i spent my time on this video. :D. thanks master sifu..
@imeldamarin5044
@imeldamarin5044 10 жыл бұрын
Thank you, great explination !
@marcusstromeyer
@marcusstromeyer 12 жыл бұрын
Dude you are awesome! Thanks for the help!
@muhammadsadiqmughal4689
@muhammadsadiqmughal4689 5 жыл бұрын
I thank God these videos exist thanks sir
@CollMomo1
@CollMomo1 8 жыл бұрын
what an excellent teacher !
@cashphattichaddi
@cashphattichaddi 10 жыл бұрын
Simply Awesome..!!
@baokhanh5729
@baokhanh5729 2 ай бұрын
thank you so much for the great video!
@junoo129
@junoo129 11 жыл бұрын
If I take your class I would get an A!!! You are so amazing!
@devielouw8359
@devielouw8359 4 жыл бұрын
Damn you're gifted Jacob Clifford, really are. Much thanks!
@derekdj6790
@derekdj6790 9 жыл бұрын
love this guy
@user-fe5ex7hb9n
@user-fe5ex7hb9n 4 жыл бұрын
Thank you for this amazing video. I just want to ask you: Does deadweight loss exist in 'monopolistic competition' market?
@jasongomez6783
@jasongomez6783 6 жыл бұрын
Thank you for doing my teacher's job
@trobe23z
@trobe23z 12 жыл бұрын
Very good, you are much better than my economics teacher.
@DukeDresari
@DukeDresari 11 жыл бұрын
Holy shit, this.. was.. you explained this stuff to me perfectly. my teacher can go on and on yet it wont sink in. thank you m'man!
@yveshelsen9168
@yveshelsen9168 8 жыл бұрын
Fast and you give the essence. => very good.
@wahedanamher1826
@wahedanamher1826 4 жыл бұрын
Hey ... man u rocked it af.. love you.
@sullyflynn8746
@sullyflynn8746 8 жыл бұрын
oh my goodness that was amazing!
@fabiangan6693
@fabiangan6693 9 жыл бұрын
Great video!
@justinfavour2879
@justinfavour2879 10 жыл бұрын
Thank you , love the explanantion
@johnw3821
@johnw3821 6 жыл бұрын
This is sooooooooo helpful!!
@MyNameIsBenjee
@MyNameIsBenjee 8 жыл бұрын
world class stuff dawg
@samyuktajadeja5769
@samyuktajadeja5769 6 жыл бұрын
You're too good at this
@Canadian789119
@Canadian789119 11 жыл бұрын
50 minute lecture made more sense in 3 great job
@Rene-ie4im
@Rene-ie4im 3 жыл бұрын
Sir god bless you honestly
@supissara8304
@supissara8304 2 жыл бұрын
this helps me a lot
@microsoftdocument9
@microsoftdocument9 12 жыл бұрын
coming from a college student, you seriously don't know how helpful this guy is. thank you.
@noahullman6579
@noahullman6579 6 жыл бұрын
At 3:57 of the video would you consider the actual profit made to dip down into the full curve of theATC drawn compared to what Mr. Clifford drew being a horizontal line? Did he do that for connivence or is it correct?
@ImaIma-jm3lg
@ImaIma-jm3lg 3 жыл бұрын
jacob clifford helped me through my first semester in college, i started out as a confused little econ major. now here i am as a rising junior. not so little any more, but still very confused. (also just found out my econ professor watches these and i'm scared he's been reading my comments lol)
@MrCrashingcars
@MrCrashingcars 12 жыл бұрын
Don't forget that this seems to be a video explaining how a monopoly FIRST DEGREE price discriminates! Good video, but don't forget that and don't forget to mention it in the title
@rajivsage
@rajivsage 11 жыл бұрын
You're a BOSS!!! thanks.
@MajedFB
@MajedFB 11 жыл бұрын
my MAN ... owe you one
@jkl9093
@jkl9093 12 жыл бұрын
this guy is amazing
@hammad0105
@hammad0105 12 жыл бұрын
Hey Mr Clifford I have a question what if the atc and demand curve are sitting on the same point in a perfect prrice discriminating monopoly? will there be any profit in that case? Thank you for these amazing videos :D
@andreannebutuan
@andreannebutuan 5 жыл бұрын
watching this for my final micro exam tmr!
@YZTan-bd6pn
@YZTan-bd6pn 8 жыл бұрын
sir, if i may ask, what makes the output at p=mc the allocative efficient output ? we know that all firms would want to produce at the output where mc = mr which maximizes profits and monopolists are allocatively inefficient as p > mc and DWL is present. And competitive markets are allocatively effcient as they are producing at p=mc which is also =mr i understand the absence of DWL where p=mc but i would just like to know the intuition behind the sentence "producing what society wants" i hope i'm making sense, your videos really help alot and i appreciate what you've been doing.
@googlename9851
@googlename9851 8 жыл бұрын
What about the producer surplus?
@stephenhuang382
@stephenhuang382 6 жыл бұрын
THANKS! Honestly, I rather watch your videos than going to my Econ lectures LOL XD
@sbamba3027
@sbamba3027 5 жыл бұрын
Great stuff.
@paulmarais4988
@paulmarais4988 8 жыл бұрын
i love you!!!! thank you!!!!
@nathankrusko563
@nathankrusko563 10 жыл бұрын
So in the transition from a monopoly to a price discriminating monopoly, I know the consumer surplus doesnt exist, so does the producer surplus increase? Also, what happens to the deadweight loss and the socially optimal point (any change?) Thanks
@Achilleust
@Achilleust Жыл бұрын
Great video
@MasterCheese141
@MasterCheese141 3 жыл бұрын
Thank you!
@arcelmelo5196
@arcelmelo5196 2 жыл бұрын
Doing gods work
@zeus7474747
@zeus7474747 8 жыл бұрын
So, so good.
@anonymoussecret116
@anonymoussecret116 7 жыл бұрын
gerçekten sana bayılıyom teşekkürler ceykıb
@mokkahei
@mokkahei 12 жыл бұрын
May I ask is there any producer surplus in the price discrimination case? Or it is simply equal to the profit? Thanks!
@Khadijou31
@Khadijou31 12 жыл бұрын
you.are.the.best.i.freaking.LOVE.YOU
@MO-9870
@MO-9870 5 жыл бұрын
I’m struggling on price discrimination but I’m sure I’ll get the hang of it
@itsyourday1439
@itsyourday1439 28 күн бұрын
Is there a DeadWeight Loss here in the Price Discrimination Monopoly?
@rejuvenatedsoul1016
@rejuvenatedsoul1016 4 жыл бұрын
You said that the first customer pay us the highest and then we sell the next unit at a lower price (without reducing the price on the previous units sold) - what if the next customer is willing to pay more or equal than the previous customer - what then ?? How will you construct a demand curve?
@tieuieutinh92
@tieuieutinh92 11 жыл бұрын
Can u do the price discrimination 2nd and 3rd degree also!!! Thanks
@gurleenkaur9601
@gurleenkaur9601 6 жыл бұрын
So sweet!
@ellenmaes2480
@ellenmaes2480 3 жыл бұрын
In some books, profit is shown on a graph as everything between the MC-curve and the demand curve. So that's wrong then? Or is that area 'always' the same as the area shown in this video (with AC-curve)
@ellenmaes2480
@ellenmaes2480 3 жыл бұрын
The area between MC-ruve and demand curve is producer surplus, that I know. Can you say that's also profit?
@UploaderA
@UploaderA 4 жыл бұрын
thank you
@shaguftafatima9198
@shaguftafatima9198 4 жыл бұрын
Sir... It's very fun learning with u.... Like who like Jacob and comment who like Jacob clifford😂😂😂
@tanyasharma5325
@tanyasharma5325 7 жыл бұрын
3:42 'sold this unit at this price, next unit at next price' but the unit(quantity) is supposed to be Q(MC=MR). Only price can be charged differently for that particular quantity (Q) If not, then what purpose is Q for, when firm can sell different quantities? please explain.
@PreS2
@PreS2 8 жыл бұрын
Thanks!
@gino6680
@gino6680 11 жыл бұрын
that awkward and silent moment when i didnt pause the video
@noufalosaimi9108
@noufalosaimi9108 8 жыл бұрын
Can you please make a second degree price discrimination video? thanks
@Sharon-yo4xj
@Sharon-yo4xj 3 жыл бұрын
please a new updated version!!
@gavharoy9125
@gavharoy9125 2 жыл бұрын
This man saved my ass during my Bachelor's, now he saves my ass when I am doing my Masters
@bryceli2603
@bryceli2603 4 жыл бұрын
Cool intro dude
@haramjung7368
@haramjung7368 3 жыл бұрын
It is interesting that When Price Discrimination happens, the Demand and Marginal Revenue become the same unlike Monopoly.
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