@@jamlessjimin1552 currently preparing for a midterm and I attend a top 3 MBA program in the US, and have learned a lot from this video in 10 minutes and will definitely help with my preparation.
Don't compare because your professor gave you an introduction to the topic and now this lecture here is complementing the knowledge you gained from the professor.
These videos taught by this man are amazing, clear and simply taught. I find my economics book which I use for class extremely complex (and scary). I have avoided economics my entire life but I need to learn it in order to obtain my Master's degree (Public and International Affairs). The videos on this channel are saving me from failing my Intro to Microeconomics class.
This is better than my microecon book, done in ten minutes that most teachers spend a whole lecture on. RUclips (or some other service) should become an open forum for professors to compete. This video for instance becomes the gold standard for indifference curves. The next teacher is free to try and beat this, ranked by voting and judging. Eventually we'll have a full video suite on microeconomics better than any college. For free. This could work for many subjects.
No idea what my professor was tring to say about indifference curves and budget constraints. Your video cleared it up...thanks. BTW I have been watching your videos for a couple of years. Very helpful.
This video was great. I've been struggling along with my textbook trying to get an understanding of indifference curves all afternoon. You just explained it in less than 10 minutes. Thanks!
You are a god send. You helped me loads through A Level Economics and now you are helping me through my degree. Thanks and continue making great videos.
I'm graduation from RUclips University. i don't have a fancy degree to prove that I memorised shit I don't understand, but I actually have the priceless knowledge and understanding of practical things.... All for free. Thank you
awesome!! My brain was fried last night and today I woke up with a positive attitude...and looking at this video i'm so happy to say this helped!!! please keep it up!!! awesome!!!!v
I have no idea how you explane everything in 10 minutes and my lecturer needs hours to explain. plus, I understand everything here and nothing in the university! thanx a lot!
Yes sir, you have done a tremendous excellent job by elaborating this topic. Which took me one week to try to figure out what the heck was going on! Thank you so much for making life soooooo much easier! Many thanks!!!
Man, you're amazing. Come teach at my university. Actually understand the idea of indifference after watching this. Thanks a lot, keep making videos mate!
Phil, You make economics sound so easy and understandable!! The moment I hear about a new topic in class, I start hoping you have a youtube video uploaded out thr!! Thx a ton!! :)
this is really useful, i've passed my microeconomics 1 exam without knowing this(with bad score but still) and now that i learn the second part, finally I got exact knowledge what the hell the indifference curve is...
when you get an increase of the budget, this cuts the indifference curves in a higher combinations of food and cars,,, but the utility decreases the more you buy any of those items, How does it affect the indifference curves?
Thanks a lot. That really helped me but I have one question: Why isn't the path of the way the spending changes linear? You give the example of it bending towards the "cars" and I don't get that.
So one would assume that the budget line (BL) intersects the indifference curve (IC) only at one point, the point of tangent, and if we equate the first differential of the IC with the slope of BL we will get the points at which they intersect?
Perhaps a silly question -- isn't the PPC conceptually similar to the budget line? If so, why isn't the optimal point on the budget line the midpoint as it is on the PPC?
I have learned more from this man in one video than I have from my econ professor all semester.
me too !!!
Linds true m8
@@jamlessjimin1552 currently preparing for a midterm and I attend a top 3 MBA program in the US, and have learned a lot from this video in 10 minutes and will definitely help with my preparation.
Same mate!
Don't compare because your professor gave you an introduction to the topic and now this lecture here is complementing the knowledge you gained from the professor.
I find Economics much more interesting taught in a British accent.
This Guy deserves a medal..
These videos taught by this man are amazing, clear and simply taught. I find my economics book which I use for class extremely complex (and scary). I have avoided economics my entire life but I need to learn it in order to obtain my Master's degree (Public and International Affairs). The videos on this channel are saving me from failing my Intro to Microeconomics class.
wow, it's like making a three-page discussion in a book into 10 minutes but with the same content. thanks for making our lives easier.
This is better than my microecon book, done in ten minutes that most teachers spend a whole lecture on.
RUclips (or some other service) should become an open forum for professors to compete. This video for instance becomes the gold standard for indifference curves. The next teacher is free to try and beat this, ranked by voting and judging. Eventually we'll have a full video suite on microeconomics better than any college. For free.
This could work for many subjects.
Finally, I found something literally useful to understand indeference curve , Thank you sir!
You can tell how passionate he is by the way he beats up the chalkboard! I dont recall my professors ever doing that, Paj, your the best!
No idea what my professor was tring to say about indifference curves and budget constraints. Your video cleared it up...thanks. BTW I have been watching your videos for a couple of years. Very helpful.
Good lord, how beautiful these curves are once you get a hang of them. This helped immensely.
This video was great. I've been struggling along with my textbook trying to get an understanding of indifference curves all afternoon. You just explained it in less than 10 minutes. Thanks!
Good work, I enjoy your lessons as they are very simple and to the point.
Economy was one of the subjects that made me sleep all the time. You've just changed that. Great video. Thanks.
You are a god send. You helped me loads through A Level Economics and now you are helping me through my degree. Thanks and continue making great videos.
don't have words to express my gratitude for the prof.Great job sir. carry on with the noble job. Everything crystal clear and understood.
Give this man a medal, he explained in 10 minutes what my professor explained in an hour.
thank you so much! unbelievable how a 10 minute video is more useful than a whole chapter in a book!
Some more props van Amsterdam. Have an exam next week on micro economics. This vids really are really helping me to comprehend issues better.
I'm graduation from RUclips University. i don't have a fancy degree to prove that I memorised shit I don't understand, but I actually have the priceless knowledge and understanding of practical things.... All for free. Thank you
awesome!! My brain was fried last night and today I woke up with a positive attitude...and looking at this video i'm so happy to say this helped!!! please keep it up!!! awesome!!!!v
I have no idea how you explane everything in 10 minutes and my lecturer needs hours to explain. plus, I understand everything here and nothing in the university!
thanx a lot!
Point to point explanation. Live long Professor
Yes sir, you have done a tremendous excellent job by elaborating this topic. Which took me one week to try to figure out what the heck was going on! Thank you so much for making life soooooo much easier! Many thanks!!!
I learnt more in this 9minutes than I did in my 1HOUR lecture! big big thanks!
Very helpful, particularly your explanation of why indifference curves are convex at 01:53. Many thanks!
Im doing a degree correspondence, so lectures like this are invaluable. You are the best economics lecturer on RUclips :D
Clear as water.The best explanation I've found on the subject. Thank you so much.
this is simply superb..i cant belive i am studying for my Grad exams of youtube....
Very good and concise presentation.
Excellent class I understand everything about ppc
Thank you so much. I really do hope your an economics teacher, cause you are an amazing teacher.
wow you just saved a student on his midterm exam. thank you very much! you have been subscribed
Yessss! You explain this so beautifully. I understand indifference curves and the PPF/budget line more now.
Thank you! You are excellent at explaining complex problems. I have watched your other videos and found them also to be a life saver.
Great. Just started studying this. This video has really complemented the coursework nicely. Thanks a lot. *Subscribed*
Whaaaaaaaaay my lecturer isn't this good . Thanx a lot 4 helping me and thousands to understand.
i wish u were our economics prof in our college.. i would never have failed with a teacher like u .. thanks alot..
you are an excellent human being
Great job, thanks alot sir, you explained it so clearly and gave reasoning to everything you said, great job :)
really amazing 10 minutes approx 3 concepts cleared .. love u sir and God bless you!
very well done. finally, an economist that can teach.
Helpfull for my presentation..thnx
Excellent videos. Well done
Excellent video, thank you very much. You seem to have an ease to explain concepts logically and clearly which many, many other teachers don't have.
Thanks I'm taking Micro online and you've been a great relief.......
Excellent Video!👌
Great job 💡👍
I'm in an international economics course, but I haven't taken intermediate micro for a year and this served as a really good refresher!
The best explanation I've ever seen about these curves, thank youu.
Man, you're amazing. Come teach at my university. Actually understand the idea of indifference after watching this. Thanks a lot, keep making videos mate!
Very helpful..... Thanks a lot,....
All the way from Namibia.
Thank you! I understand it a lot way better than reading it with so many technical terms in books.
Teachers are amazing; thank you so much for taking the time to do this. As you can see, you have helped many people!
Very helpful :) nice explanation
Thank you. Your explanation is impeccable.
Excellent, very well explained...
Phil,
You make economics sound so easy and understandable!! The moment I hear about a new topic in class, I start hoping you have a youtube video uploaded out thr!!
Thx a ton!!
:)
nice work....keep it up...
A million thanks and a million wishing you a great life because this helped me with my assignments.
such amazing teacher that is why i subscribed
That was really helpful; especially now I'm revising for my exams
hey, thanks.
Another good and interesting video! I'm enjoying these very much.
literally got more from this 10 min video than my 2 hour eco lecture cause my lecturer is useless. thanks heaps!
this is really useful, i've passed my microeconomics 1 exam without knowing this(with bad score but still) and now that i learn the second part, finally I got exact knowledge what the hell the indifference curve is...
Best explanation I've seen yet, thank you sir.
Thank you! my lecturer went through this immensely fast and assumed we all understood it just like that, thank you again!
Such a good teacher. Thanks a lot.
Love this guy, saved me on my last mid term.
I just wondered why did you stop uploading videos, you are so GREAT!!!!
This has shed more light than i thought it would
Great video, thank you for sharing!
Incredible! Thanks & appreciation from Amsterdam!
this man is a genius! love his videos!
Awesome, very helpful
Turns out, the concept is fairly straight forward, thanks
The wonders of youtube, now I have found a starting point for my essay.
when you get an increase of the budget, this cuts the indifference curves in a higher combinations of food and cars,,, but the utility decreases the more you buy any of those items, How does it affect the indifference curves?
Thank you very much, your videos are superb.
You sir have been sent by God!! I really needed this, thank you so much!!
Never comment on videos, but this was fantastic and really helped me understand :) good job.
great class. The light has shone for me! Thanks a lot!
Brilliant explanation sir!
Amazing video, thank you so much!
Thanks a lot. That really helped me but I have one question:
Why isn't the path of the way the spending changes linear? You give the example of it bending towards the "cars" and I don't get that.
So one would assume that the budget line (BL) intersects the indifference curve (IC) only at one point, the point of tangent, and if we equate the first differential of the IC with the slope of BL we will get the points at which they intersect?
I learnt more in this 9 minutes than I did in my 1 week of college !
A brilliant explanation............thanks a lot :)
This is a very helpful video. Thanks!
Perfect! Clear and precise.
hats off to you, thank you for all your hard work!
its an excellent explanation
ah man thanks for the video Im talking a Price theory class and im not understanding anything in class........these videos are helping alot though!!!
I was so confused by other videos but now I understand. thx
The better idea i gain. Thank You sir :)
it was truly awsm
i'll be having my paper tomorrow and this is such a great help. thank you so much!
thank you ! your videos are very helpful and amazing !
you saved my life thank you so much. very well explained.
Perhaps a silly question -- isn't the PPC conceptually similar to the budget line? If so, why isn't the optimal point on the budget line the midpoint as it is on the PPC?
You are an awesome man.. thank you! Better than my lecturer :/