love it when he drops his thing at 2:38 and he went "argh"
@kypswei15 жыл бұрын
He dropped his chalk! That was so cute!!!
@tombasa15 жыл бұрын
So i sit through a lecture in my econ class, do not get much from it. I come home and learn everything from you! THANKS!!!!
@NWLondon16 жыл бұрын
Consumer surplus is easy to grasp. I have struggled to get my head around producer so much so that this video is embarassing on how easy you explained it. THANKS so much.
@urrja13 жыл бұрын
THANK YOUUUUU for explaining in the simplest words on Earth. ( Def of my textbook "PS is the excess money receipts of a producer over his minimum supply price" )
@kuhhmeel13 жыл бұрын
you're honestly the best. i don't know what you do with your words, but you make it so much easier to understand. economics is a tough subjeccttt!! gracias for your help :)
@PQK14 жыл бұрын
Your explanation is simple to the point and easy to understand! Something my CFA Cirriculum textbook fails to do. Thanks so much! I plan to check out some of the other videos.
@pajholden15 жыл бұрын
Yeah - I usually flip people's brains into sleep mode. Thanks for your kind words and I am glad the vids are useful.
@stephanhardt81347 жыл бұрын
I laughed loud like 3 times. Funny style.... I would fail his class since he would kick me out every time for laughing!
@axlinscotland15 жыл бұрын
Great as usual..... These videos are making my life easier.
@chedbeckford806711 жыл бұрын
Thank you so much Jamaica needs better economic teachers
@ChesterZoda12 жыл бұрын
@pajholden I think its the fact that you bounce around on my screen -- you look so active and makes me concentrate. The fact that your chalk makes a loud noise also keeps me awake and excited. Sounds stupid. But you're the man! keep it up
@PaintKyZR12 жыл бұрын
The chalkboard remains the most effective method of teaching. You go yo
@artbridder11 жыл бұрын
I love how there is a massive demand during may/june and a steep drop in demand during july-august hehe nice vids
@BitcoinUltra15 жыл бұрын
You're fantastic! You're even better than the notes! Keep on doing these VIDEOS!
@hatetospoildefun12 жыл бұрын
Thanks so much! I was swimming in a pond of muddy water but it all became clear listening to you :D
@fatcrap1213 жыл бұрын
You did what my teacher couldn't, and for that i thank you.
@gazakhstan15 жыл бұрын
this is such an invaluable resource, thank you very much.
@izzyaitken32168 жыл бұрын
Thank you! You're such a great teacher.
@hannodupreez279210 жыл бұрын
I struggled with this curve, and really this video explained it very well, thanks a lot Prof.
@mralex32116 жыл бұрын
Equally as informative as your consumer surplus video! Cheers!
@hemant199313 жыл бұрын
I LOL'd at 3:53 But yh you are a life saver :)
@editz15 жыл бұрын
BRILLIANT, thanks for the help
@Sabsterjoon16 жыл бұрын
God bless you!
@zacktronelectrify6 жыл бұрын
THANK YOU SO MUCH FOR THIS VIDEO!!!
@amoghphadke10 жыл бұрын
nice ... very well explained
@yenpet13 жыл бұрын
Amazing!!!!
@waheedahmadi14 жыл бұрын
Thank you very much for the lecture. 100% effective.
@TheLifeYouGave12 жыл бұрын
Last minute revision - THANK YOU! Honest, if I pass this exam it is down to you
@atlmannclan14 жыл бұрын
Very helpful
@bobichina12 жыл бұрын
You are really really helpful!!!!!!!!!!!!!!!!
@Ducksonqrack12 жыл бұрын
very great helpful video!
@shiannemcpherson80698 жыл бұрын
You explained this really well for my learning style, I appreciate your help!! I am about to take an exam, so I'm trying my best to grasp these simple concepts and mark them on the graph. Thank you!
@awajtajar14 жыл бұрын
thank you very much! the video was very informative!
@KFCGameguides11 жыл бұрын
The Greek God of Economics...
@kibaybee113 жыл бұрын
thank you soooooo much! You have saved me hours of reading
@henk-ottolimburg794712 жыл бұрын
at 2.27 you mention a fourth side on the area when the supply curve cuts the q-axis, but that would mean suppliers give away their products for no fee at all ! I only know of some guy somewhere in Greece giving free lessons in some blurry subject, but other than that....
@ldnzz15 жыл бұрын
doing my edexcel u:1 retake in 2weeks. wish me luck. and your helping so much, thank you very much SIR.
@86Ivar12 жыл бұрын
always funny in the end
@xbebex0516 жыл бұрын
awesome!
@virtualwebman14 жыл бұрын
I understand PS now. Thanks!
@michaeloh17410 жыл бұрын
Made so much sence
@godsonmbuakotiku46598 жыл бұрын
nice explanation
@artbridder11 жыл бұрын
beautiful
@ludoludo7713 жыл бұрын
@saisaiphu that's quite easy, its a triangle so height * width * 0,5 Ofcourse you need the formulas of the curves to calculate everything but its not very difficult
@ELIASGTR13 жыл бұрын
talented teacher. wish i found my calling in life too... hope its economics!
@ericnielsenawesome12 жыл бұрын
thank you so much you're a really awesome teacher
@naomii0715 жыл бұрын
thanks so much, my exam is in 9 days and i finally get producer surplus :D
@babahobo411213 жыл бұрын
@pajholden Greece, eh? well, isn't that ironic? Anyhoo, thank you much for your videos. you don't know how many students your have helped, sir.
@allstudentin68298 жыл бұрын
thanks!
@yzzl9113 жыл бұрын
TQ VERY MUCH!!
@tenniswithric14 жыл бұрын
like the smile at the end :)
@fluidvideo14 жыл бұрын
Hi Thanks for Posting, i am in the business of buying large QTY's of surplus from OEM's and Mfrs so I found this interesting and helpful. I wonder if there if there is a formula for this. There are 3 Key decisions that Mfrs make when selling their surplus What return against cost will they get How quick can they sell What channel conflict will arise from sales of discounted products. Can a formula be created to show this ? Thanks
@anelekhumalo40499 жыл бұрын
thank you so much i now have a better understanding
@KenKobayashi15 жыл бұрын
thank you!!!!!!
@gsf4lyf11 жыл бұрын
you are a greek god
@priyasonny502511 жыл бұрын
what about the dead weight losses?
@airgirloves1713 жыл бұрын
thank you so much!! you're amazing
@GMadanna052710 жыл бұрын
Thank you!!
@PRICEYXFLOW14 жыл бұрын
gangsterr
@theowlbuttefly8 жыл бұрын
Thanks!
@linkchibi12 жыл бұрын
hello Greece economy saver :)
@Ndawgiii13 жыл бұрын
@pajholden this just helped me understand my econ hw! thanks
@rayz367813 жыл бұрын
Who finds economics easy thanks tooo pajholden! :D
@pajholden14 жыл бұрын
I teach in Athens, Greece
@Royalpower10012 жыл бұрын
jheze snm
@paulabaz98089 жыл бұрын
thank you! suuuuuper useful :)
@Mangaman11008 жыл бұрын
So a product costs $0.75 to produce and the market price of this product is $2.50. Could you say the profit is $1.75?
@victorrrrrrrrrrable7 жыл бұрын
no
@Mangaman11007 жыл бұрын
hz3d19 elaborate, you FIEND.
@virtualwebman14 жыл бұрын
What about total surplus?
@ihsanshaikh31307 жыл бұрын
Total consumer and producer surplus would just be adding the area of the producer surplus triangle and the consumer surplus triangle...if that is what you are trying to find out. Therefore, to ONLY work out total producer surplus, you would simply calculate the area of the producer surplus triangle ONLY and that's your answer :)
@paulabaz98089 жыл бұрын
te quiero phil
@iblessyou.forextrablessing759711 жыл бұрын
Supplier a sells jelly beans at 1.50 per pkt. Market price is 2.00. Producer surplus 0.50? Still very confused
@kevinvonfep81197 жыл бұрын
Marilyn h If a producer is willing to supply jelly beans at 1.50 per packet but the consumer pays 2.00 for the jelly beans, the producer has a producer surplus of 0.50 yes. The reason the consumer pays the 2.00 is because that is the market price