Measuring the price elasticity of supply; how supply elasticity changes over time.
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@bikrambarua46411 жыл бұрын
Watched all the 4 videos in one sitting ! Cool clear explanatory style , very grounded examples , overall excellent presentation . Thank you sir .
@rogerstrickland400410 жыл бұрын
Thank you all! As someone who, in my early college years, found economics the most boring subject on earth, taught by the most boring people on earth, it's good to know that at least occasionally it's not quite that bad these days. :) Your comments mean a very, very great deal to me. Again, thanks. RS
@sherrypawlak577310 жыл бұрын
After commenting 2 to 3 instructors as you don't know how to teach, Sir I must say, you made me understand elasticity at 1am before my makeup final exam. You are awesome!!
@hanaberishaj397611 жыл бұрын
I'm a junior in high school and we're talking about this in my econ class and I honestly had NO CLUE what was any of this meant because my teacher didn't explain it well. So basically i would just like to say thank you for posting this because it helped me out SO MUCH. I still don't completely understand but this definitely helped
@MrNo1sheshebell11 жыл бұрын
I wish u were my professor. Thank you so much for posting your videos. Very helpful
@PuddlesthePirate9 жыл бұрын
Books are no help, other videos can be difficult to understand, but you're different. You sir are the silver bullet that we all need. Thank you for your service.
@Cleveland201411 жыл бұрын
Thanks so much...a lot better than my instructor... I always have to go back and re- teach myself
@FeliciaNobukhosiKhumalo4 жыл бұрын
You are the best, You make me enjoy Economics...like seriously, I find myself smiling through out the lessson\video....thuuumps Up!!!!!!!!!!!!!! #FROM SOUTH AFRICA
@dthompson26927 жыл бұрын
"oh hell yes" I chuckled too loud in the library. lol
@anitharamalingam6912 жыл бұрын
Thank you for giving us neat tricks to remember the concept.
@jasrajt319110 жыл бұрын
Thanks from the UK!
@SekouMansare6 жыл бұрын
I love you teaching. It is really understandable!
@onsy711 жыл бұрын
DR. you are the BEST !
@ArcanaLrd9 жыл бұрын
I would be acing my IB hl econ if you were my teacher. really appreciating these vids
@kylie_kai_kai10 жыл бұрын
It is 3 in the morning and I am laughing my buzzocks off listening to your concepts. "No one needs a living room."
@hanashalash10 жыл бұрын
YOU ARE AMAZING!! I SWEAR I DON'T KNOW WHAT I WOULD'VE DONE WITHOUT YOU!
@WAZZUPwithDanMan6 жыл бұрын
He's so charismatic I love it
@suzetteitaylor962811 жыл бұрын
thank you, thank you, thank you....much more clearer now...
@TexansAllTheWayJJ9910 жыл бұрын
Dude you are awesome. Wish you were my teacher.
@gammachiss.ejerso32917 жыл бұрын
Hats off sir. Thank you!
@lauraa68810 жыл бұрын
Very clear and understandable! Great way of thinking. If I was a landlord I would probably be doing the same to make more $. I like your idea of making smaller bedrooms to make more $ even if people have to sleep hanging from their feet. :)
@FlareonB12 жыл бұрын
you are one of the best prof I've ever seen in my life :) , you make hard work less work :) thank you so much professor :)
@YunginEazy12 жыл бұрын
Helped me out alot. Thanks!
@sruthibhatt5696 жыл бұрын
thank u :) from India
@muellerd1237 жыл бұрын
My thoughts on this video/professor: OH HELL YES!
@nikhilkumar-nj2zy11 жыл бұрын
Respect for you Mr Roger (y)
@dwharton6112 жыл бұрын
awesome Sir. You are the Bomb Teacher.
@mirabellesuecia11 жыл бұрын
amazingly explained , thank you a lot
@misspassiflora13 жыл бұрын
well done,this was helpful.
@simonsweeney30985 жыл бұрын
Thanks RS great lesson.
@videonikita11 жыл бұрын
Thank you so much.
@ruchishah292912 жыл бұрын
GENIUS!
@rituvaidhya705410 жыл бұрын
nicely explained thanks a lot
@AbiAutumn311 жыл бұрын
Perfect! thank you
@blondyboy8810 жыл бұрын
good stuff this one was a lil weird with all the rooms but still good stuff
@NathalieMakesCakes12 жыл бұрын
lol hes great, better than my teacher!
@ghafoorijawid40786 жыл бұрын
nathalie g hi
@nihonbunka11 жыл бұрын
I was looking for something on how supply effects price, which I found elsewhere online. Google "increase in supply for reasons other than price"
@mohgambia10 жыл бұрын
youre lengend
@Taric2510 жыл бұрын
I'm pretty sure Batman is a billionaire and would never stay in a makeshift eight-bedroom apartment, even if he can sleep hanging from his feet. ;-) Great lesson!
@TheFacelessMonkeyOTE8 жыл бұрын
i have a question in my economics test that says " show that any upward sloping straight line supply curve that cuts the horizontal axis is elastic along its entire length", which is pretty much the exact opposite of what you said. now i am very confused
@Fr0zenbanana12 жыл бұрын
Thanks!!!!! :D
@andreacano70389 жыл бұрын
Could you please explain The Laffer Curve
@Super-Spud6198 жыл бұрын
Awesome
@sunitakamte478011 жыл бұрын
too good
@seanzadeh85068 жыл бұрын
Hey i have a question. For the math of elasticity of supply/demand i understand how to perform this. what i don't understand is why the denominator for equations of both percent change in Quantity and percent change in Price must use an average?
@MathsHistoryHelp6 жыл бұрын
Sean Zadeh because the reference point is changing , its like calculating percent change from a different base or starting point. Do not mistake elasticity for slope. It's related, but not the same.
@MrSpinksta10 жыл бұрын
Do you think that the labour supply of ‘second wage earners’ in families, is likely to be more or less elastic than the labour supply of ‘primary wage earners’? can You please explain it to me ?
@TheWyvern6610 жыл бұрын
Sorry for the delay. There was a time when a single income could support a family comfortably in the US. Not any more for most families, so I view the secondary supply as fairly inelastic - i.e., a drop in secondary wages would not diminish the amount of workers in that group seeking employment. RS
@drizzzy198810 жыл бұрын
this one was kind of funny... your kitchen is just gonna be a little hot burner... lol
@fffppp876210 жыл бұрын
Your calculation is totally wrong. Percentage change in price = (300-100)/100 Percentage change in quantity =(200-100)/100
@rjs151010 жыл бұрын
no your totally wrong. you have to use the midpoint method in your denominators
@TheWyvern6610 жыл бұрын
rjs1510 Thank you rjs. You understand - and explain it - very well. RS
@chrisgundry339610 жыл бұрын
rjs1510 Learning about midpoint calculations right now. Chen Bai your calculations are totally wrong