This is the best video on youtube about the topic. Thank you so much. I appreciate your hard work to make the concepts accessible.

phantom budget line has changed our lives - thanks so much brian

I thought I was never going to understand this in class. Thanks for the video!

just like that all my worries went away. Thank you

Thank you so much for this, I was stuck on this concept for such a long time but you really helped me out!

I speak spanish but found your explaniation way more understable than spanish ones. thank you!

You've done a fantastic job here. You are educating many through your talent. Thanks and God bless.

ssssstay on the sssssame indifference curve for the sssssubstitutiton effect for the hicksssss method gotem

Thank you so much! You helped me a lot with understanding both of these concepts in only under 12 minutes!

in last two minutes sssame and ssssubstitution effects sound very entertaining, I will really enjoy your classes ! Hahaha

thank you thank you thank you....different youtube videos were showing different approaches and I was all confused, not sure what is the right approach, not sure which video is right but thanks to you I now know that there are 2 approaches and both are correct.......

Yep! much clearer now! thanks Brian!

Hello Hoàng Long Võ, The net substition effect is always inverse to the change in the price. The cheaper a good becomes, the more we consume of it.

Thank You so much Sir.. You explained really well.. I've an exam in two days and this will help me a lot!!!! Thanks Again.. :D

thanks a lot, it's much easier to understand you than my book :)

Very nice video, I always get stuck determining whether it's an income or substitution effect. I believe consuming more of x1 as Px1 decreases should be called the income effect, as you now have more income to purchase more of x1. And likewise as you move to your higher indifference curve (IC2) you are now consuming more of x2 (substituting consumption of x1 for x2). This just makes more sense to me.

i'm from morocco and this was very helpful sir ty so much

You had a big whiteboard, you could accommodate both of these graphs very easily. Anyways this is a good video for understanding the concepts. Thanks

thanks, your explanation is very clear and helpful!

Thank you very much.. this has been very helpful!! you are a great prof!

Excellent!

Hi! This video is extremely helpful! Really grateful to the Brian for posting this. Can anyone help me understand further? The phantom budget constraint, is it keeping the same new price ratios under the old budget?

Great explanation! Thank you very much!

Thank you so much from Spain! Very helpful!

Great video! I have finally understood this. Thank you :)

Nicely explained

Thank you very much.

thank you king !

excellent explanation ... thanks

Great explanation! Thank You sooo much! :)

Very clear explanation! Thanks a ton for this :)

Hi, If we are talking about perfect substitutes or perfect complements, does an income/substitute effect occur?

Well explained. Thank you so much!

thanks from brazil

great, thanks

Great video !! thank you so much for helping me understand this!!

You are a saviour!!

what is the difference between compensating variation in income and cost difference

great explanation. Thanks!

Thank you so much!

What is the point of using subscripts if you don't even use them to differentiate between points. Also why use x1 and x2 instead of x and y

Thanks mate you well certaintly be a lecturer in any univercity in the world, not like some which a tually are! Could you do the same graph explanation on income substitution effect on labour supply when tax on wage increases please. Subscribed and liked.

so clear...so easy nowwwww.... many thxxxxxxx

Nicely explained...thanks

Finally! I get it! Many thanks.

Great video~helps me a lot

Thank you soo so much, you were extremely helpful!

hey guys, just one question: is there any case in which we have a normal good, but when the price of that good change, the sub and the income effects move in the opposite direction?

Thank you very much, explained everything

I need help. I would like to know the different ways I can derive the Utility function if I have budget constraints, prices and quantities.

How do we determine where the new bundle will be at on the new budget line? Does it depend on whether its a normal or inferior good? Also, how do we compare hicksian and slutsky in a single graph?

Thank you soo much !

Really good explanation! but what about the changes on the y axis?

erokamano meaning thank you so much

Thanks a lot!

Well explained

Thank you!!!

tnks

THANKS!

superb

thank you. so helpful

thanks, that really clarified.

nice video finally I understand . Thank uuu:)

sir what is hicksian concept of Consumer's surplus

thanks :D n can u please explain the revealed preference theory

this is exellent.thank u :)

thank you :)

thank you so much(:

Super fuckin awesome,understood everything

helped :)

Thank You so much Sir.. You explained really well.. I've an exam in two days and this will help me a lot!!!! Thanks Again.. :D

thank u~~so clear and helps a lot!!!!

Thank You so much Sir.. You explained really well.. I've an exam in two days and this will help me a lot!!!! Thanks Again.. :D