I am currently studying Micro economics and your videos help me a lot to understand all the concepts I cover in school. Can you please make a video on Consumer Equilibrium?
The logistics of navigating the complicated queue system to optimize one's returns, both by the park designers and by the consumers, are also quite interesting. This is discussed in Defunctland's "FastPass" video.
Man I love Jacob Clifford. Had a class with my lecturer a few weeks ago but I found it hard to understand the Marginal utility concept, been trying to study and understand it better but I still couldn't grasp it. Thanks to this video I now understand this topic. Need to take this guy to Disneyland as a reward for his lessons.
Your enthusiasm and creativity makes learning these concepts fun and implicitly motivates me to keep trying even if the concept is a bit challenging. So appreciative of your teaching style!
ONE OF THE BEST TEACHER I FINALLY FOUND ON RUclips. THE WAY YOU ENCOURAGE TO VIEWER TO DO THAT FIRST IS THE MAIN RECIPE OF THIS VIDEO BECAUSE IT HELP ME TO UNDERSTAND IT MUCH BETTER
Technology enables us in The United States to learn access our learning and to do lectures at anywhere and anytime. Finally, I just wanted to say, this video is awesome. I learned a lot from it. Thank you to my school Broward College, Mr. Clifford, and God bless America.
I love uuu. You just saved me from being confused by 20 useless pages that can't explain this in simple terms. I was reading my book and I was so scared from this topic cuz the way it was explained was quite confusing. And I needed your 10-minute-video to understand them all
my professor didn't even bother to discuss this part and gave us this link lol HUGE THANKS to jacob for being a life saver. Your channel gives me infinity utils the day before exam
This video is from 5 years ago but it still is relevant and helping, all your videos by the way, love your work Prof. I got enough satisfaction from this, 50 utils (in Econ language) hahaha!
@@noname18294 hahaha sooo I was doing a 2 majors, one in Economics and one Accounting (stupid idea). I really struggled to learn economics with my lecturers not willing to go into detail about the topics. I found I was just naturally better at accounting instead and although I enjoyed economics I was spending way too much time due to the lack of teaching provided and not doing very well. So in the end i dropped economics and have nearly graduated with a very high average in accounting.
@@Smeckless Congrats man that's big. If you don't mind me asking, what college do you go to? I want to make sure the schools I'm applying to have good econ teachers.
@@noname18294 Thank you!!! I go to the University of Wollongong it's in Australia but it sounds like you might be from the US so that's not really helpful to you. Anyways Im sure you'll go to a good school just do lots of research. good luck!
Man I went to my college lecture on this, read the chapter, and looked over the powerpoint and still had a shaky understanding of this concept. But after I watched this 10min video I got it intestinally. Thank you!
Aye, I completely self taught myself AP Micro in a span of like... 3 weeks using your videos and livestreams prior to the exam last year and got a 5. Thank the good lord for your vids, and I'm looking forwards to doing the same this year for macro, albeit in perhaps more than 3 weeks time.
i literally bought an "AP book" of 500 pages to prepare the test. Lowkey have been studying a whole year and i dont remember anything. Now i started watching his videos and they're 100% more effective and useful than long prep books but the ones from barron's and the princeton review work as well.
I wish my professor was so motivated two years ago. He still tried to give us ice cream and wine examples but that's the most exciting it got... And trust me, 4 hours with a guy who's falling asleep himself are not very informative. Now I'm writing this comment two days before my retake exam. Seriously, thank you for putting so much effort and fun into your videos!
I am in Micro Econ class right now and I got a 6 out of 7 on your practice worksheet. In the last question (second portion) I didn't understand the question; however, upon viewing the answer, the information became clear. Thanks for your wonderful insight on this concept.
you just nailed it a complicated course that i take with 3 hours of lecture class and i still had no idea that my lecturer talking about with a 10 minute video!
Thank you for posting this video about Economics. I understood it way better with the Disney theme park example than I did in class when it was taught to me. Economics is really hard for me and this video helped me so much!!
Thank you very much, Mr Jacob! Your video is much easier to understand than my Professor's lecture. The examples every time you provided to explain all concepts are awesome.
You are the best! Thank you SO much! The time and dedication you put into your videos really shows! I will recommend your videos to every person I know taking econ!
7:34 at this right moment you have the ability to choose between 10 more Utils but wouldnt it be wise to choose the 10 Utils from the ride that costs only 2$ first? you get same Utils at a cheaper ride
I love you teacher you’re make me laughing and I always talking about you to my friends, you’re better than my teacher who teaches me the microelectronic at KAU in Saudi Arabia 🇸🇦
Mux/px = Mux/py is the FOC when you are maximization a continuous utility function, but when we are in a discrete world, it is not always true. You can end up optimally choosing x units of good X and y units of Good Y, where Mux/px and Mux/py are different, yet you are still choosing the first best solution!
7:43 Doesn't a combination of 2 roller coaster rides and 4 rocket rides yield the most total utility for $16. 3 roller coasters and 2 rockets yield 85 total MU/P while 2 roller coasters and 4 rockets yield 87 toal MU/P.
Just some food for thought: Lets say that our good is shoes and more specifically 1 shoe at a time. Buying one shoe would give you some utility. Of course, having one shoe is fine but most people stand on two feet. When you buy the second shoe, your marginal utility greatly increases because with 2 shoes would complete the pair and thus give you more satisfaction than one.
Thank you for this video. My managerial Econ. Professor is kinda dull when he explains these concepts. I usually zone out in class. Amel from Saudi 🙏🏼🙏🏼🙏🏼
Guess how long the longest wait time was at a Disney theme park? The answer is in the description above.
I am currently studying Micro economics and your videos help me a lot to understand all the concepts I cover in school. Can you please make a video on Consumer Equilibrium?
Do you have a lesson of natural resource market? & Environmental policy?
Pls help ❤
Jacob Clifford Hi Dr. Clifford, I bought your review packet, but some pages in the packet I just can’t print them out, I don’t know why.
hope I had an economics teacher like you. you are the best economics teacher i ever seen
writing my economics exam tomorrow gives me -50 utils
U mean a UTIL between 90 -- 100
literally
I’m also taking an econ test tomorrow 😢
me 2!
3:18
Mr. Clifford: "This is worth at least 50 utils"
Guy in the next cart: "wtf?"
I'm a first year Econ student and that honestly had me laughing my ass off!
@@larrymee1484 same which university? 😂
@@karanparajia5879 Oxford. you?
🤔ruclips.net/video/0dI3iB4S6OY/видео.html
@@yahyamotara7590 Havard
I scored 93% for my assignment and test because of your videos.
I love how you explain Elasticity.. lovely
you're so brave. talking about economics in disneyland. props 👏👏👏
amen
The logistics of navigating the complicated queue system to optimize one's returns, both by the park designers and by the consumers, are also quite interesting. This is discussed in Defunctland's "FastPass" video.
This guy is legit giving a lecture on economics while standing in a line for a disneyland ride!! Legend....
He doesn't want us to forget what he teaches , such a nice guy 🥺, wish you health and success sir.
Man I love Jacob Clifford. Had a class with my lecturer a few weeks ago but I found it hard to understand the Marginal utility concept, been trying to study and understand it better but I still couldn't grasp it. Thanks to this video I now understand this topic. Need to take this guy to Disneyland as a reward for his lessons.
Your enthusiasm and creativity makes learning these concepts fun and implicitly motivates me to keep trying even if the concept is a bit challenging. So appreciative of your teaching style!
ONE OF THE BEST TEACHER I FINALLY FOUND ON RUclips. THE WAY YOU ENCOURAGE TO VIEWER TO DO THAT FIRST IS THE MAIN RECIPE OF THIS VIDEO BECAUSE IT HELP ME TO UNDERSTAND IT MUCH BETTER
imagine thinking you would spent some fun time with dad but he analyzes the rollercoaster ride... a huge thank you from the community!
it's a blessing when I can still hear a lecture even outside of the classroom
I am so glad my techer chose to have your videos as a resource! They really help reinforce the information in an entertaining and understandable way.
Technology enables us in The United States to learn access our learning and to do lectures at anywhere and anytime. Finally, I just wanted to say, this video is awesome. I learned a lot from it. Thank you to my school Broward College, Mr. Clifford, and God bless America.
this teacher is remarkable one that I've ever seen!
Thanks Abdullahi. I appreciate it
I love uuu. You just saved me from being confused by 20 useless pages that can't explain this in simple terms. I was reading my book and I was so scared from this topic cuz the way it was explained was quite confusing. And I needed your 10-minute-video to understand them all
my professor didn't even bother to discuss this part and gave us this link lol HUGE THANKS to jacob for being a life saver. Your channel gives me infinity utils the day before exam
This video is from 5 years ago but it still is relevant and helping, all your videos by the way, love your work Prof. I got enough satisfaction from this, 50 utils (in Econ language) hahaha!
Your videos are so helpful. I have decided to major in economics at university and look forward to using your videos to help guide me through!
How is that going?
@@noname18294 hahaha sooo I was doing a 2 majors, one in Economics and one Accounting (stupid idea). I really struggled to learn economics with my lecturers not willing to go into detail about the topics. I found I was just naturally better at accounting instead and although I enjoyed economics I was spending way too much time due to the lack of teaching provided and not doing very well. So in the end i dropped economics and have nearly graduated with a very high average in accounting.
@@Smeckless Congrats man that's big. If you don't mind me asking, what college do you go to? I want to make sure the schools I'm applying to have good econ teachers.
@@noname18294 Thank you!!! I go to the University of Wollongong it's in Australia but it sounds like you might be from the US so that's not really helpful to you. Anyways Im sure you'll go to a good school just do lots of research. good luck!
@@Smeckless Yeah I am from the US. Either way, thank you. Good luck in accounting!
Man I went to my college lecture on this, read the chapter, and looked over the powerpoint and still had a shaky understanding of this concept. But after I watched this 10min video I got it intestinally. Thank you!
Same this video is gonna make me pass😅
I wish this mans was my father. Truly makes Econ fun and is a great teacher
Who else thought Jacob himself was in that rollercoaster video?
2024 and still finding his videos very much helpful
Aye, I completely self taught myself AP Micro in a span of like... 3 weeks using your videos and livestreams prior to the exam last year and got a 5. Thank the good lord for your vids, and I'm looking forwards to doing the same this year for macro, albeit in perhaps more than 3 weeks time.
i literally bought an "AP book" of 500 pages to prepare the test. Lowkey have been studying a whole year and i dont remember anything. Now i started watching his videos and they're 100% more effective and useful than long prep books but the ones from barron's and the princeton review work as well.
I wish my professor was so motivated two years ago. He still tried to give us ice cream and wine examples but that's the most exciting it got... And trust me, 4 hours with a guy who's falling asleep himself are not very informative. Now I'm writing this comment two days before my retake exam. Seriously, thank you for putting so much effort and fun into your videos!
What a blessing we have in you. May God increase your knowledge and understanding 🙏
Mr Clifford: Sweetie why are you walking so far behind me?
Daughter: Because you keep yelling about utils on every ride dad!
THIS TEACHER IS BASICALLY THE GOD OF ECONOMICS!
I scored 5/7 for the test. I had some trouble understanding questions B and C. Thank you for the great videos they are a great help.
Bro you have single handedly saved my entire well being in Economics
I have subscribed because my professor uses your videos to help us understand the concepts of Macro and Micro Economics. Thank you
I love you so much man, absolutely wouldn't be this far without you. I wish you nothing but blessings and prosperity
I am in Micro Econ class right now and I got a 6 out of 7 on your practice worksheet. In the last question (second portion) I didn't understand the question; however, upon viewing the answer, the information became clear. Thanks for your wonderful insight on this concept.
OMG! You're the best! Thank you for your videos! I'm taking Microeconomics and your video help me to prepare for exams!
Wanted to say thank you! I got a double 5 because of you, Professor Clifford!
This guy is the reason i pass my eco exams i love you
I watched about 4 videos on this topic until i hit yours...literally the only person to explain it and me understand it. Thank You!!!
your daughter was like "dad stop talking about economics the line is moving up"
you are best teacher i have seen in my life
Already passed Micro and Macro but I'm still watching your videos :) Keep it up!!
This guys should have millions of followers he’s really good
you just nailed it a complicated course that i take with 3 hours of lecture class and i still had no idea that my lecturer talking about with a 10 minute video!
Thank you for posting this video about Economics. I understood it way better with the Disney theme park example than I did in class when it was taught to me. Economics is really hard for me and this video helped me so much!!
Honestly such a huge help. Textbooks never explain it as simply as this! You are great!!!
You explain things so succinctly and in such a fun way. Definitely one of the best economics channels!
Got 104% in my micro econ class shout out to ur awesome videos, and the curve🙏
Is there someone to explain question d ? because when the combination 3 units of x and 4 units of y, MUx/Px does not equal to MUy/Py
Scored 99% because of your vids. Got only pne mistake which wasn't included in the lesson. Super thanks
Bro like who isn't subscribed to this dude, he is hilarious and very helpful in teaching economics. *******
U r the best economic teacher #i watching from Thailnad💓
Thank you very much, Mr Jacob! Your video is much easier to understand than my Professor's lecture. The examples every time you provided to explain all concepts are awesome.
dude i love your teaching thank u for existing
got an econ test tmmrw and we just learned this in class, I was so lost but your vid helped A LOT. got 100% on your practice questions. THANKSSS
How can you make microeconomics this interesting? You're awesome!!! Thank you!!!!
mr jacob ,let me just say that you are a true legend
Omg thank you so much!! Ur video keep me alive over the exam
even though my econ grades are bad, you're a GOAT.
wait what
I benefited more on this video than my first 5 classes in Microeconomics
you really got me when you said the total utility was 538 and I got 290
You are the best! Thank you SO much! The time and dedication you put into your videos really shows! I will recommend your videos to every person I know taking econ!
I love how you explain the theories and computations. You make the topic exciting. I just hit the subscribed button. Thanks for the videos.
Why I haven't found your videos before.😭 Such an amazing teacher💜️
Bless you! You are doing everything I wish my professor would do!
7:34 at this right moment you have the ability to choose between 10 more Utils but wouldnt it be wise to choose the 10 Utils from the ride that costs only 2$ first?
you get same Utils at a cheaper ride
I love you teacher you’re make me laughing and I always talking about you to my friends, you’re better than my teacher who teaches me the microelectronic at KAU in Saudi Arabia 🇸🇦
Been first video that did not understand anything)).
But,you are still my hero that rely on you more than everyone🖤🤩
Best teacher I know.
Sir, you are a true legend. My respects to you!
Can you explain question d, please ? because when the combination 3 units of x and 4 units of y, MUx/Px does not equal to MUy/Py
At 7:55, wouldn't you be able to get 2 more Utils/$ if you rode the roller coaster 2 times and the rockets 4 times, rather than 3 and 2 as explained?
Mr. Clifford, you have "watchig" in the description instead of "watching"
Thank yuo :)
nahhh ! you inspire me!!!
YOUR ENTHUSIASM GETS ME!!!
I love you, and all of my student's watch your videos, however, I am NEVER going to Disneyland with YOU! :)
I LOVE YOU MR C...Wish i'd met you sooner...you actually make learning fun
Your videos have saved my grades this year. Thank you!! Your an amazing teacher!
Your video are awesome ! Such clarity I got about the questions, just too good.
Mux/px = Mux/py is the FOC when you are maximization a continuous utility function, but when we are in a discrete world, it is not always true. You can end up optimally choosing x units of good X and y units of Good Y, where Mux/px and Mux/py are different, yet you are still choosing the first best solution!
you are a gift to humanity
I need to make a list off my Total Utility and Marginal Utility when it comes to drinking.
Don’t forget marginal utility per dollar 😂😂😂😂
i did the practice and after catching my mistake before i checked my work, I got all of them right!
I've never subscribed that fast to a youtube channel before.
You make Micro fun ! thanks for the test - got 7/7
7:43 Doesn't a combination of 2 roller coaster rides and 4 rocket rides yield the most total utility for $16. 3 roller coasters and 2 rockets yield 85 total MU/P while 2 roller coasters and 4 rockets yield 87 toal MU/P.
Economics without this video: 5 Utils
Economics with this video: 9999999 Utils
you help me alot for my exam that i have today i really like to see your channel....ur the best💗💗💗
You make economics look so easy sir.
It Was a great video.
Just some food for thought:
Lets say that our good is shoes and more specifically 1 shoe at a time.
Buying one shoe would give you some utility. Of course, having one shoe is fine but most people stand on two feet. When you buy the second shoe, your marginal utility greatly increases because with 2 shoes would complete the pair and thus give you more satisfaction than one.
Thank you sir for your class. This help me a lot. Love from India
Best Economics teacher!!
Thank you so so much, writing an exam tomorrow - and this makes so much sense
My concept being clear seeing
your video
Thank you for this video. My managerial Econ. Professor is kinda dull when he explains these concepts. I usually zone out in class. Amel from Saudi 🙏🏼🙏🏼🙏🏼
I kind of understood this before but now even more. This vid is baller
You are really good at explaining!
At First terminal exams I got 6 in Economics and in second term I found you and I got 44 and tomorrow I have third term and I hope I will pass it
*Do I see myself being Jacob Clifford in some years? Well, h e l l y e a h*
8:13 you legit trolled me, i thought i was genuinely confused XD
Wow man, am studying Econ and got a lot confuses. After watched your video, everything become easier and make sense!!! Nice illustrator.
Thanks a lot Mr Clifford! Video and practice question was very helpful.
Great material. I used it to study for my test. Maryland
I Bow down to ur skill level
youre the coolest teacher everrrrr!!!!!!