Elasticity of Demand- Micro Topic 2.3

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  • Опубликовано: 22 авг 2024

Комментарии • 2,2 тыс.

  • @benmoore5539
    @benmoore5539 4 года назад +1444

    This was my entire chapter 4 study guide, presented in 6 minutes and more coherently than anything my professor has managed so far. Thank you🙌🏻

    • @tylermanev1447
      @tylermanev1447 3 года назад +32

      Took my professor 8 videos to explain what this man explained in 6 minutes.

    • @arvinmerquita5202
      @arvinmerquita5202 2 года назад +4

      Matthew 6:19-21
      [19]Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
      [20]But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
      [21]For where your treasure is, there will your heart be also.

    • @arvinmerquita5202
      @arvinmerquita5202 2 года назад

      @@tylermanev1447 Matthew 6:19-21
      [19]Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
      [20]But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
      [21]For where your treasure is, there will your heart be also.

    • @arvinmerquita5202
      @arvinmerquita5202 2 года назад

      @@tylermanev1447
      Again, the kingdom of heaven is like unto treasure hid in a field; the which when a man hath found, he hideth, and for joy thereof goeth and selleth all that he hath, and buyeth that field.
      Matthew 13:44

    • @arvinmerquita5202
      @arvinmerquita5202 2 года назад

      Matthew 13:45-46
      [45]Again, the kingdom of heaven is like unto a merchant man, seeking goodly pearls:
      [46]Who, when he had found one pearl of great price, went and sold all that he had, and bought it.

  • @justtash9856
    @justtash9856 7 лет назад +3764

    I can just picture everyone in an exam putting their arms up and down😂😂😂😂

  • @vinayak186f3
    @vinayak186f3 4 года назад +637

    Welcome to another episode of He teaches better than my teacher . 🤣

  • @TheSilentWalkerz
    @TheSilentWalkerz 4 года назад +236

    I swear I can't lift my eyes open for my University lectures, this guy makes it simple and interesting to learn economics. Love it.

    • @Almalk1
      @Almalk1 11 месяцев назад +2

      Yes! And the videos are much shorter than an 80 minutes lecture and i get the whole idea in less than 10 minuets.

  • @AliceVifa
    @AliceVifa 9 лет назад +608

    this guy is hilarious making econ easy. I have a mid exam coming up and literally just learnt a 2 hours lecture in 6 mins.

  • @ForeverCameSeaPuck
    @ForeverCameSeaPuck 8 лет назад +261

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    • @JacobAClifford
      @JacobAClifford  8 лет назад +102

      +TallTyrionLannister Wow. Thanks so much. I appreciate your kind words. It makes me want to make more videos...like today.

    • @nocturonjenkins5579
      @nocturonjenkins5579 8 лет назад +12

      I love how u hugged the tree, its nice too see, that people who are brilliant in economics do indeed care about our environment.
      Your videos are great! With your motivating manner, really engageing on the watchers of your lessons you achieve what most teachers don't: With a lot of passion you make it interesting, easy to follow and you connect the right things together to form the bigger picture.
      Keep up the good work!
      Namaste ;)

    • @engelkalema4830
      @engelkalema4830 5 лет назад +1

      Me too.I like it

  • @papabull9074
    @papabull9074 3 года назад +88

    Brings back memories.. This man helped me through college. I'm now a senior at a Big 4 firm. Thank you.

  • @jack6298
    @jack6298 Год назад +50

    this man is gonna be the reason I pass econ this semester

  • @funforsameer1769
    @funforsameer1769 5 лет назад +511

    This proves how everyone learns differently. My professor was teaching this during a 3 hours lecture yet I was lost af. After seeing this, and a bunch of this amazing guys videos, it all makes so much more sense now! Thankyouu

    • @helen5732
      @helen5732 2 года назад +4

      And just within 10m
      Do we wasting our time and money? 🤷‍♀️🤷‍♀️🤷‍♀️

    • @Apoco_si_tu
      @Apoco_si_tu 2 года назад +8

      I fell asleep during my 3 hour lecture. Didnt blink an eye for this one though.

    • @emmanuelnsiah8036
      @emmanuelnsiah8036 2 года назад +1

      My teacher was rushing to teach us that I didn't understand it

    • @gamesboi275
      @gamesboi275 9 месяцев назад

      professor was teaching you igsce knowledge????

  • @normjones8867
    @normjones8867 8 лет назад +150

    5:24 I did this while doing my exam, few people looked at me funny
    the best part was I was not the only one who did it

  • @stevenlomon
    @stevenlomon 4 года назад +3

    This is all genuinely ten times more clear in my head after 3 minutes of this than 2 hours over a zoom lecture. The internet is a wonderful thing

  • @mervin5291
    @mervin5291 Год назад +16

    No tutorial can ever be this crystal clear and understandable ✊🏾

  • @katienichols8007
    @katienichols8007 8 лет назад +93

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  • @boomshakalakaxo
    @boomshakalakaxo 8 лет назад +445

    the bonus bonus round WAS VERY HELPFUL THANK YOU SIR

  • @pruthasiras7351
    @pruthasiras7351 2 года назад +9

    He just simplified my entire chapter in 6 mins!!!! All economics students are blessing this guy.....

  • @lukadavidjaic1910
    @lukadavidjaic1910 3 года назад +17

    You should teach teachers how to teach

  • @BottledBlueOnYouTube
    @BottledBlueOnYouTube 8 лет назад +420

    Your videos are keeping me from going insane this exam season. THANK YOU!!!!!!!!

    • @JacobAClifford
      @JacobAClifford  8 лет назад +32

      +BottledBlue +BottledBlue You are very welcome. Please tell your friends....and don't go insane

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      @elizam.19 6 лет назад +3

      I love your user name and same girl these videos are what keeps me sane

  • @ashleyrichardson74
    @ashleyrichardson74 5 лет назад +152

    Hey, professor i just want to say thank you for helping me In both macro and microeconomics i pass both classes with flying colors and I'll be graduating this year. Thank you again for everything. God bless

  • @e281tangy
    @e281tangy 4 года назад +108

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    • @wallamazoo01
      @wallamazoo01 3 года назад

      I rode a bike to work for 3 years at one time, no gas but the upkeep on the bike was relative to the amount I used it. My expenses were ultimately the same over the period of time.

    • @bird_obsession
      @bird_obsession 3 года назад

      I hate hearing people from other countries talking about us Americans like this, but for some reason, it's funny when an American says it

  • @fornowitsjasclips731
    @fornowitsjasclips731 4 месяца назад +1

    Watching this @12:29 in the morning got an exam around 10 and this guy is helping me keep an eye open for dear life

  • @vanessaamaki3898
    @vanessaamaki3898 8 лет назад +58

    It's amazing how you summarized 70 slides into 5 minutes...thanks a lot☺

  • @mandyho6316
    @mandyho6316 8 лет назад +195

    He is a hero! Why can't professors teach like this?

    • @JacobAClifford
      @JacobAClifford  8 лет назад +117

      +Mandy Ho Why can't my students be as appreciative as this? :)

    • @imgonnatellmom3245
      @imgonnatellmom3245 3 года назад +5

      Lol

    • @truth_seeker2804
      @truth_seeker2804 2 года назад +1

      @@JacobAClifford I appreciate you professor. Now we are about to present popato chips company and my part is about price elasticity of demand and non-determinants of supply. Thank you professor)))

  • @ravenbaldassarre75
    @ravenbaldassarre75 2 года назад +2

    I have an exam on this tomorrow and I still had no clue what the hell I was supposed to do until this video. You are a GODSEND

  • @pickme7307
    @pickme7307 2 года назад +1

    can we just appreciate that this man does all this for free? watch me ✨flourish✨ in econ this year

  • @patrikkorda
    @patrikkorda 9 лет назад +312

    Making economics easy: Mission Accomplished.

    • @JacobAClifford
      @JacobAClifford  9 лет назад +77

      Thanks. I appreciate it.

    • @abdulhamidalalimi3281
      @abdulhamidalalimi3281 2 года назад

      @@JacobAClifford Please super hero economy expertise help me to solve this question
      AThe Elasticity impact over different types of goods?

  • @strattonmortensen5031
    @strattonmortensen5031 8 лет назад +6

    I've been watching these videos since my senior year of high school. As a freshmen in college now, I see students who struggle grasping the concepts in review sessions or after lectures, I've been doing my best to forward them here. Thank you for all the hard work you put into these videos myself and my classmates wouldn't be nearly as successful without you.

    • @JacobAClifford
      @JacobAClifford  8 лет назад +3

      +Stratton Mortensen Thanks Stratton for sending your friends to my channel. I'm glad I am able to help.

  • @jamnallcute
    @jamnallcute 3 года назад +3

    Honestly when our prof teacher for more than an hour. I'm so lost even though im listening, I can't take down notes because i do not understand what they are presenting. Thank you so much for this.

  • @theknight4317
    @theknight4317 3 года назад +2

    Man, I have never ever before seen a man explaining economics so perfectly and in a simple way. Bravo.

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    @AK-cr5pe 8 лет назад +35

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  • @sofiachiaramonte735
    @sofiachiaramonte735 7 лет назад +25

    Oh my gosh I have a micro test tomorrow and I'm binge watching all your videos! Thank you so much!

  • @javierellerbrock5797
    @javierellerbrock5797 Год назад +2

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    @oisincraninx-l.6930 3 года назад +2

    You know what's good with your videos compared to others? You keep us awake when we pull an all-nighter

  • @freeze1305
    @freeze1305 5 лет назад +488

    Professor looks at me like I was on drugs when I stood up and raised both my hands over my head...Then he said, AC/DC econ? I chuckled, and said, yep.

    • @quantroots
      @quantroots 4 года назад +19

      Couldnt you just picture it in your head? ... ahhh you kids

    • @co8ku
      @co8ku 3 года назад +15

      this is true i am said professor

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      @abhinav7715 3 года назад +7

      that happened

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  • @nicebars
    @nicebars 8 лет назад +458

    This guy would be a great salesman.. shit, he'd make a great rapper too

    • @Rocilokiful
      @Rocilokiful 6 лет назад +3

      niknatural He should make raps about economic topics. I would watch them, learn them and show them to my professors. 😂😂😂😂 that would be so cool 😎

    • @darkkitty22
      @darkkitty22 4 года назад +1

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    • @angiedevoreCAT
      @angiedevoreCAT 4 года назад

      he would make a good comedian, at least he makes me laugh.

  • @pruthasiras7351
    @pruthasiras7351 2 года назад +1

    I've literally been putting this chapter off for months as I couldn't understand a word my professor explained!!! THIS just simplified everything for me in 6 mins!! AMAZING!!

  • @chantel2689
    @chantel2689 11 месяцев назад +2

    I remember when you were helping me study for my AP macro exam in 2018 and now you are helping me study concepts for my CPA exam. Always coming back to the best!

  • @Titaniumbunny24
    @Titaniumbunny24 8 лет назад +7

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  • @rara1721
    @rara1721 6 лет назад +5

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    @sheyennemitchell-brown8526 3 года назад +15

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  • @teressaladyofsteel9305
    @teressaladyofsteel9305 2 года назад +8

    Love watching these videos , I was explaining this to someone earlier today and reason why I remembered it was thanks to this video. Thank you, for helping us to relate better to the theory.

  • @kuangtan2004
    @kuangtan2004 8 лет назад +37

    Wow, that final techniques to differentiate elastic & inelastic

  • @keshiakimpossible3657
    @keshiakimpossible3657 6 лет назад +7

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  • @0p41
    @0p41 2 года назад +2

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    • @thorodinson6649
      @thorodinson6649 Год назад +1

      Relatable. In a couple hours im prepared to go fail my midterm.

  • @user-zf1gd2oy8t
    @user-zf1gd2oy8t 10 месяцев назад

    Just watched this to prepare for my econ mid term...6 mins and the man was able to do something that my prof couldn't do in 3 hours...Respect

  • @carlangeloangcana5372
    @carlangeloangcana5372 9 лет назад +14

    I have hyperactivity problems but I am starting to love Econ since I've watched your interactive videos. Thanks a lot, Sir!

    • @lillianbrown0704
      @lillianbrown0704 9 лет назад

      +Carl Angelo Angcana same here! He makes it easy to learn and follow along!

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    @eangdaniec8515 8 лет назад +62

    Thank you for existing!

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    @guilhermepestana8927 3 года назад +12

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    @therubberduckygunner 6 лет назад +37

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    @iSmifflesHabbo 8 лет назад +91

    This was really helpful, thanks!

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    @benitabanny1459 4 года назад +1

    Who is here in 2020 appreciating this man.... Thank you so much

  • @blessings1063
    @blessings1063 Год назад +1

    My professor's lectures are so boring, long, confusing that I would physically get sick plus the fact that her accent is super strong I cant understand that I would have to rewatch the recorded lectures also doesnt help. You helped me learn more in 6 mins than what my professor did in 2 weeks.

  • @ridakausar4320
    @ridakausar4320 7 лет назад +68

    That moment he says ""innneelaastic".I spit my coffee. XD

  • @TheMreminemguy
    @TheMreminemguy 8 лет назад +52

    I really wish RUclips opens it's own school of teachers in a couple of countries, with all classes being online and broadcasted in all schools at once. RUclipsrs like this insane guy here should teach different subjects. IMAGINE! Minutephysics or VSauce teaching science, etc etc. Hmmm dreams:((((

    • @JacobAClifford
      @JacobAClifford  8 лет назад +12

      +Shaunak Sharma This is great idea. Let's do it. Call VSauce and Minutephysics:)

    • @Dieskull1000
      @Dieskull1000 8 лет назад +2

      +Shaunak Sharma VSauce should teach philosophy, Minutephysics at of course Physics. But for Econ, Bio, History, CrashCourse all the way, lol. Not sure about the others do. Maybe anonymous can teach computer science haha.

    • @TheMreminemguy
      @TheMreminemguy 8 лет назад +3

      No dude this guy is good for Eco, Crash Course is good for psychology, bio and history tho I agree

    • @Dieskull1000
      @Dieskull1000 8 лет назад +4

      Shaunak Sharma cuz Clifford is part of Crash Course econ now, co-host with another person

  • @tmsh_
    @tmsh_ 7 месяцев назад

    He made me understand elasticity in the first 30 seconds but I stayed because of his personality, what a godsend! Even 9 years later helping out to those in need (me)

  • @janetheobscure3426
    @janetheobscure3426 4 года назад +7

    Thank you so much for giving free education! Although I have to go back and repeat what you're saying multiple times to understand, I eventually get it! I just have to carefully try to explain it to myself to see if I understood it.

  • @ericscottstevens
    @ericscottstevens 5 лет назад +18

    Playback speed.......0.75

  • @stang1892
    @stang1892 5 лет назад +6

    the last part on the "I" was amazing. I kept confusing the two conditions of elastic and inelastic prior to this video. Midterm tomorrow! Thanks!

  • @Inconcvable77
    @Inconcvable77 2 года назад

    Just dropping you a note from 2022 to let you know that your video is still helping students learn about Microeconomics.

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    @x_Ak_Gaming07 2 месяца назад

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  • @jindapornasairat7704
    @jindapornasairat7704 9 лет назад +15

    I'm really having a hard time in my economics class , and your video helps me a lot.
    Thank you so much for making such a wonderful video. :)

  • @retrogirl53
    @retrogirl53 9 лет назад +41

    OMG god this guy is amazing ..i wish my micro economic teacher would be like this
    but honestly this videos are helping me a lot preparing for tomorrows micro exam! Thanks!

    • @Sammy34H
      @Sammy34H 9 лет назад

      My thoughts exactly

  • @NagisaNiki
    @NagisaNiki 2 года назад +4

    My brain while he’s doing the “you look like an I when it’s inelastic and not an I when it’s elastic.” :
    Cheerleaders: “Elastic! E-e-elastic!”

  • @aqilqushayyi2864
    @aqilqushayyi2864 Год назад

    What a clear and define explaination, i suggest we riot to cancel out lecturer classes as they are boring and explain all the over the place when this one hell of a professor just straightforward to the point. Thank you!

  • @yappykaki
    @yappykaki 8 лет назад +3

    This is awesome, when I revise those slides from uni, I get so confused and it made me don't want to continue, but then I found these videos to clear up all the concepts and each of them just lasts 6 mins!!! Totally efficient and wonderful!!! Thank you!!!

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +Kaki Yau Thanks Kaki. There are a bunch more videos on the way

  • @danacsira7945
    @danacsira7945 5 лет назад +3

    I just wanted you to know that you are the main reason I’ve made it through micro and macro at college level. Thank you. You’re awesome.

  • @aayusa_btw8675
    @aayusa_btw8675 3 года назад +1

    I was feeling sleepy while studying but while watching this my whole mood just lighted up...

  • @user-iq7fr6gi4m
    @user-iq7fr6gi4m 11 месяцев назад +2

    hii im new to econ and i gotta say this video helped me alot specially the "bonus bonus" round it helped me differentiate inelastic and elastic demand, thank you sm!

  • @jacobthouseholder
    @jacobthouseholder 9 лет назад +18

    I love these videos! I'm glad I've found something that makes me laugh and learn at the same time! Really helps when I'm ticked at my homework haha. Thanks so much!

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    @user-df5ii7hp3b 6 лет назад +9

    Honestly thanks so much for your content, appreciate it so much that you go out of your way to help people learn and do well in their exams.

  • @daddyshrek747
    @daddyshrek747 6 месяцев назад

    Its crazy how this video is still helping me after so many years of being uploaded. Thank you for a fun yet educative video. Better than lots of faculties I know from my college.

  • @ambermonteiro6193
    @ambermonteiro6193 6 месяцев назад +1

    you are a lifesaver I've got my midterm in 8 hours and I finally understand

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    @user-uu9ou4rj9p 8 лет назад +6

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    @dmonarredmonarre3076 5 лет назад +72

    Literally all the comments:
    "Wow, thanks for summarizing what my professor took 4 lectures to go through."

  • @AmmarBinAman
    @AmmarBinAman Год назад

    Incredible Teacher! Cant understand how des[ite 8 years, his videos are still stupefying! This guy should be the head of education

  • @JohanLanting
    @JohanLanting 3 года назад

    mr. clifford, thank you so, so, so, so, so much. i wish i could express how grateful i am for your help; i went from a failing grade to an A within 2 weeks of watching your videos. you're the best!

  • @squiz4465
    @squiz4465 7 лет назад +3

    Dude you are seriously brilliant. Im a marketing major but i need to minor in econ to expand my employability and your videos have really helped me. Thanks

  • @meadowy4974
    @meadowy4974 5 лет назад +4

    I spent so much of my time reading the textbook on Elasticity and could not wrap my mind around it, but In just 6 minutes you explained it perfectly.
    Thank you so much Q u Q

  • @kosinwagbara201
    @kosinwagbara201 3 года назад

    This is a life saverrrrrr. I have been reading this for 8 hours and got nothing. 3 mins into this video and now I’m explaining it like a professor

  • @jackjo2739
    @jackjo2739 3 года назад +3

    I missed class for this topic, but guess what you just covered everything in 6 minutes! Thanks!

  • @macarioosuna751
    @macarioosuna751 8 лет назад +3

    That helped so much. I can finally understand this topic. I read my text book chapter on elasticity and understood nothing. Thank you, keep it up!

  • @ShonTolliverMusic
    @ShonTolliverMusic 8 лет назад +13

    Now that's how you get a subscription from me. I may have to watch this about 3 more times to get it all in (very face pace here) but good content.

  • @PartnerWithAngela
    @PartnerWithAngela 3 месяца назад

    One of the best tutorials, imaging cracking up while studying economics, the tip at the end is priceless. thank you so much

  • @almond7136
    @almond7136 5 месяцев назад

    i got a micro midterm tmw and THANKFULLY i found this video, the way he explains stuff makes it so much simpler

  • @hannahwisti4114
    @hannahwisti4114 5 лет назад +10

    just so you know, you're literally saving me. (: whole 4 credits of micro econ in 1 month, rough.

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    @alexzander5679 7 лет назад +7

    thank you, you've saved me, just found the channel going to be using it from now on. Hello from England!

  • @csegal6800
    @csegal6800 Год назад

    Sweet goodness, my professor trying to explain this was like listening to another language and reading a wall of text. You just translated two chapters in 6 minutes into something I can understand!

  • @lexytaylor6710
    @lexytaylor6710 5 месяцев назад

    I am studying at university. Sometimes an easier explanation is often a far better one! Thanks for this video dude, now I understand :)

  • @dianedadabaeva2173
    @dianedadabaeva2173 8 лет назад +6

    I love it. The way How you talk and explain. Its fun definitely better than those boring statistic explanation. Thank you

  • @hongngoctran9217
    @hongngoctran9217 5 лет назад +20

    I just had to pause the video to give this a like when he hugged
    a tree lol

  • @hansiniabeygunawardhana8715
    @hansiniabeygunawardhana8715 2 года назад

    OMG! Thank you so much sir.. This is unbelievable .. You have teach an entire pdf with 58 pages in just 6 minutes... And I got a really good understanding about elasticity in just 6 minutes... Thank you so much!!!!

  • @user-lh8vt6qp6d
    @user-lh8vt6qp6d 4 месяца назад

    one of the best RUclips teachers! You made it so much simpler! Thank you!

  • @veronicahudon9055
    @veronicahudon9055 8 лет назад +3

    Love the I thing and the easy way to remember inelastic and elastic TR correlation to price. I kid you not I took notes on this video and am including them with my regular class notes.

  • @shawnsun49173
    @shawnsun49173 9 лет назад +8

    The bonus bonus round is very helpful.

  • @affafelsaid5082
    @affafelsaid5082 7 месяцев назад

    I usually never comment on RUclips videos but I had to in this one. This was really easy and very helpful. Lots of love from Egypt.

  • @nefriius5325
    @nefriius5325 4 года назад

    Honestly just improved my economics mark. What you've explained in six minutes makes more sense to me than my professor explaining it in two hours. Thank you.

  • @shannonvanrooyen2550
    @shannonvanrooyen2550 6 лет назад +13

    So helpful and so entertaining! 😂

  • @busherabegum
    @busherabegum 5 лет назад +7

    I’m going to pop that “I” and “E” in the examination hall for sure 😊

  • @tanner4648
    @tanner4648 4 года назад

    Man, best economics teacher alive. By far.

  • @moshukri1737
    @moshukri1737 2 года назад

    After one hour I have a final exam and without this brilliant man and other useful short videos my cramming habit would not be so successful. Thanks