No, thank you for watching! It's a real pleasure for me when something I set up for my classes, here in Athens, Greece is watched and used by people all over the world.
you have no idea how helpful you're video's are to my friend and i. would just like to say thank you soooo much. you don't understand how appreciative we are, and because of you we have a chance of getting into uni
without ur videos..man I can bet I would have failed my Economics class...I really appreciate this...You are touching lives in your own special way. Thanks. and please don not stop...WE NEED THIS!!!llol
I'm really very thankful to u that, u put these video here , and i have an exam day after tomorrow. I feel very confident myself after watching these videos...thanks very much PAJHOLDEN
Again. Thank you for posting videos. I think I actually understand this in more depth than my professor went into, and I didn't understand it at all after that class period. And listening to it with the accent (I am American) made it even more enjoyable.
Just in Art where the lack of space is important good teaching I believe is about knowing what to leave out of explanation to avoid confusion this guy teaches well.
Hello, just wanted to say that the outakes were fun to watch, I see that you do have a sense of humor not shown on your clips. I just began to take an Economics class, and your clips have been extremely helpful. I've watch some of the others and by far you're the best, I truly understand your lessons. I hate reading, listening to your clips is all I think I need to pass my class, thank you for what you do....
I've got my units 4 and 5 A2 exams tomorrow, and i feel so much better prepared thanks to your videos. The explanations are so much better than any book's, teacher's or website's ive found. Thanks, keep it up
I have seen myriad videos on youtube, and this is the first time I am commenting on one. That being said; I missed the day of class when my professor went over oligopolies and you just explained it very clearly and have effectively saved my ass on my final. much appreciated. =)
I must admit, that was one of the clearest explainations of the kinked demand curve. I really enjoyed watching it and watching you enjoy yourself! Please, make more videos.
My Econs paper is tomorrow and I just started revising today... But after watching your videos I feel comfortably prepared for the paper !! You rock SIr =)))))))
The MC cuts the vertical discontinuity of the MR curve - so it is still MC=MR and therefore profit maximisation. The MR is strange but consistent with the kink in the AR/D curve. The bigger the bend in the AR/D curve, the larger the vertical discontinuity. Phil
It does. The discontinuity is directly below the kink in the AR/D curve. And that is the point at which the market is - at price P where there is nothing to be gained from either raising or lowering price. What is not explained is why the kink is exactly at that P and not another.
its awesome!!!!!!!! when i looked at my CFA level1 text book... i get totally confused!!! but u explained like , divide it into 2 parts.. the freaky MRs work out! i understand why MR looks like that now.. thank you so much! i love u.
LOL I love the last part! When he's like, "I think it's a good theory. Stop.", with that ' i approve' face. Anyway thanks alot Paj! Your videos are so much better than my lecturer or my lecture notes! Honestly you make it so easy! :) Love from Singapore
The part where the MR curve is vertical where MC is able to rise and not affect Price or Quantity. What is the name of that region? I thought that there was a name for it but I can't remember...
Based on what you said, can I safely make the assumption that firms in oligopolistic markets have to find another means by which to be competitive, and this is accomplished via their STP position?
So would the goal of oligopolistic firms be to minimize their marginal cost? Because won't they have more profit if they can keep their MC as low as possible since P and Q will remain the same???
Hello sir! That was a terrific video. A question: when do the MC curves shift? in what scenarios would they shift upwards? My intuition is saying diseconomies of scale but could u confirm that please? Thanks!
is the fall in mc 2 to mc 1, because of fall in price, on the diagram there is only one price "P", be helpful if u could relate the discontinuation of ar with the fall in price,, i know they dont lower the price because there is no incentive, and Mc still =Mr and the quantity the same, and also if u could explain the term "sticky price" tnx Mark.
No, thank you for watching! It's a real pleasure for me when something I set up for my classes, here in Athens, Greece is watched and used by people all over the world.
you have no idea how helpful you're video's are to my friend and i. would just like to say thank you soooo much. you don't understand how appreciative we are, and because of you we have a chance of getting into uni
without ur videos..man I can bet I would have failed my Economics class...I really appreciate this...You are touching lives in your own special way. Thanks. and please don not stop...WE NEED THIS!!!llol
This is great, love the stop at the end lmao
I'm really very thankful to u that, u put these video here , and i have an exam day after tomorrow. I feel very confident myself after watching these videos...thanks very much PAJHOLDEN
Thank you so much for posting these videos! Really helped me in studying for my upcoming exams :)
How was your exam after 3 years?
Wow this is very clear. Thanks!
I never thought of MR being twice as steep as AR explaining the vertical bit in the MR curve.
Again. Thank you for posting videos. I think I actually understand this in more depth than my professor went into, and I didn't understand it at all after that class period. And listening to it with the accent (I am American) made it even more enjoyable.
Just in Art where the lack of space is important good teaching I believe is about knowing what to leave out of explanation to avoid confusion this guy teaches well.
Hello, just wanted to say that the outakes were fun to watch, I see that you do have a sense of humor not shown on your clips. I just began to take an Economics class, and your clips have been extremely helpful. I've watch some of the others and by far you're the best, I truly understand your lessons. I hate reading, listening to your clips is all I think I need to pass my class, thank you for what you do....
I've got my units 4 and 5 A2 exams tomorrow, and i feel so much better prepared thanks to your videos. The explanations are so much better than any book's, teacher's or website's ive found.
Thanks, keep it up
I have seen myriad videos on youtube, and this is the first time I am commenting on one. That being said; I missed the day of class when my professor went over oligopolies and you just explained it very clearly and have effectively saved my ass on my final. much appreciated. =)
i aced my essay question on this topic because of this video. thank you!
You are GREAT at explaining. Understood the theory already, just fell across this. You are a good lecturer
I must admit, that was one of the clearest explainations of the kinked demand curve. I really enjoyed watching it and watching you enjoy yourself! Please, make more videos.
Just did this today and didn't understand it. it makes alot more sense now!!! Thanks
thanks for the video, btw you're pretty skilled when it comes to handle the marker!
God bless u , you have no idea how much your videos are helping us..
My Econs paper is tomorrow and I just started revising today... But after watching your videos I feel comfortably prepared for the paper !!
You rock SIr =)))))))
Fantastic video, really helped me for my exams next week. Thanks
Thanks very much, youre really helping me with my economics revision!
You are much easier to understand than my lecturer!
Thank you so much for all of your incredibly useful videos. I would not have passed my Pre-U economics without you
Twelve years later, still the best
The MC cuts the vertical discontinuity of the MR curve - so it is still MC=MR and therefore profit maximisation. The MR is strange but consistent with the kink in the AR/D curve. The bigger the bend in the AR/D curve, the larger the vertical discontinuity. Phil
Real asset to those Greek students, Paul =] Keep up the good work.
It does. The discontinuity is directly below the kink in the AR/D curve. And that is the point at which the market is - at price P where there is nothing to be gained from either raising or lowering price. What is not explained is why the kink is exactly at that P and not another.
Thanks a lot Mr. Paj! You explained it so much better than my teacher. Only wish I had discovered your videos sooner!
its awesome!!!!!!!! when i looked at my CFA level1 text book... i get totally confused!!!
but u explained like , divide it into 2 parts.. the freaky MRs work out! i understand why MR looks like that now.. thank you so much! i love u.
thank you mate. I have an exam later and youve helped me LOADS.
Cheers.
same situation and i totally agree i wish i had found these earlier a real life saver.
LOL I love the last part! When he's like, "I think it's a good theory. Stop.", with that ' i approve' face.
Anyway thanks alot Paj! Your videos are so much better than my lecturer or my lecture notes! Honestly you make it so easy! :)
Love from Singapore
this was so helpful i was having a headache trying to understand my notes :\ REALLY HELPFUL
that stop!! at the end hahahahaha
Suppppper helpful even 10 yrs later..
:)
Easily made me understand it! nice work phil
@pajholden very very helpful. I am taking a correspondence course and the teacher is just awful. You've saved my hide! Thanks so much.
Thank you for this simple and informative video. It really helped me in my microeconomics final.
Thank you for this video...i played it atleast 5 times...which i cannot do with my professor thanks again.
Professor Paul,
wonderful videos. They should hire you to fix the Greek economy!
Brilliant !!! could understand before , best explanation ive ever heard
LOVING YOU right now!! my ass has just been saved. thank youuu sir!
this is best explanation ever ty
Dude i think your the reason i may pass economics A level. Thank you you god!
sweezy is my fav subject in micro economics...i love solving question about sweezy and other oligopol models such as cournet...
" You're awesome." - That's an understatement.
Can' agree more with people here, you explaind everything in 5 minutes, my prof. couldn't in 3 1 hour.
ah...what would I do without you Mr Holden! the best
this has greatly helped me with my EE. thanks so much!
never understood this until now...thanks!
Thank you so much, been staring at my notes for about 30mins trying to work this out, and you explain it in 4!!!! thank you!
you are really really fantastic; thanks so much!
and if i may say so, i think all your videos generate a large amount of positive externalities (:
thank you so much ! finally understand why the MR curve is discontinuous ^^
Great Vid! It looked like you were ready to knock the shit out of the people making a noise at the end when you said stop lol. H
awesome.. thank you saved me from my mock tomorrow
Very well explained, thanks!
Very good explanation. Thanks for the upload
Gracias!!! Me despejaste la duda que tenia y no entendía en el libro 👍👍👍
Useful Revision!
very clear explanation, like it, wise our professor can do the same job
youre a true legend Phil, thanks!
totaly help me out with my eco hw. i missed my lec and this just totaly saved 2 hour of lec. lol
Thank you Mr. Paul, you've saved me into failing my eco test !
geniouss!! now I can do my work on oligopoly, THANKS
Thanks for that mate! Clears some misunderstandings :)
The part where the MR curve is vertical where MC is able to rise and not affect Price or Quantity. What is the name of that region? I thought that there was a name for it but I can't remember...
Actually developed in the 1930s not the 1950s, for God's sake get it together Paj
I might need to stop coming to my economics class and learn everything through yt instead
oh excellent just excellent
Thank you very much. It was very helpful!
saved me FROM* failing your eco test, i think is what you meant!
u made it look so simple!!
Based on what you said, can I safely make the assumption that firms in oligopolistic markets have to find another means by which to be competitive, and this is accomplished via their STP position?
Good job, very well explained.
this is very helpful. thank you so much!
Thank you for the explanation. Very helpful
Thanks, that was a very useful video
thanks very much, very clearly explained
Wow well explained!
I WISH I CAN DONATE YOU FOR ALL YOUR VIDEO SIR!!!
u really have no idea how this video help us...
that's great, really good explanation
you are very welcome my good man
hmmm so ultimately we cannot deduce the MR from the kinked demand curve?
this is probably a limitation of the diagram am i correct to say that?
very clear explanation, like it
@summer9380
noone knows why its at the price P we just assume that it starts there...
Now I get it. Much appreciated.
So would the goal of oligopolistic firms be to minimize their marginal cost? Because won't they have more profit if they can keep their MC as low as possible since P and Q will remain the same???
Hello sir! That was a terrific video. A question: when do the MC curves shift? in what scenarios would they shift upwards? My intuition is saying diseconomies of scale but could u confirm that please? Thanks!
bless your soul sir!
Nice lecture
Hi sir :) I'm confused on why is the MR curve twice as steep as the D curve?
Just brilliant!!!
Really helpful! thanks
hey i am still confused here sorry, wat is the MR at P, kos MC cuts nothing at that point :/
very good job,thanks
Thanks, that made a lot of sense
Ms Ducie sent me. Also, IB exams tmr...cri
Thank you, makes so much sense now!
Wonderful!
is the fall in mc 2 to mc 1, because of fall in price, on the diagram there is only one price "P", be helpful if u could relate the discontinuation of ar with the fall in price,,
i know they dont lower the price because there is no incentive, and Mc still =Mr and the quantity the same, and also if u could explain the term "sticky price" tnx Mark.
Do you read sweezys monopol capital book, which he wrote with Baran? I have it with me in the Philippines and will read it next week.
Cheers! helped a lot!