Micro Unit 2 Summary- Supply and Demand NEW!!!
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- Опубликовано: 27 авг 2024
- Hey econ students! This summary video covers microeconomics Unit 2: Supply and Demand. It covers demand, supply, elasticity, disequilibrium, equilibrium, shifts, taxes, and internations trade. Be sure to print and fill out the Unit 2 Study Guide from my Micro Ultimate Review Packet. Between this video and that study guide you should be ready for your exams. Good luck!
Get the Ultimate Review Packet: www.acdcecon.c...
Micro Unit 2 Playlist- bit.ly/3kWJ9fg
Man, I wish I had someone like you for all of my classes, I bought the ultimate review packet and it was the most efficient learning experience I've ever had in my life.
You got me an A in my micro class when our class average was a 55! I love you and wish you were my teacher someone get this man a tenured 6 figure job ASAP! They do not make teachers like you anymore and it hurts my soul.
Economics, there is no incentive to perform if he is guaranteed income.
But I don't think money would make something learn something enough with a passion. But it definitely eliminates the negative parts of being poor.
But I don't think money would make something learn something enough with a passion. But it definitely eliminates the negative parts of being poor.
But money isn't the only factor in life. Happiness and culture are strong causes.
i just caught up the entire semester in less than 24h! Your videos are way more understandable and also fun to participate in than the lecture!
how did you know i have a micro midterm tomorrow...
Did you pass
@@GatorBallLegends yuh ended with an A in the class😌 i owe this man the world fr
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Did anyone str8 up binge watch these videos for the Microeconomics AP Exam and ace it cuz if so, i know what i must do now haha
I did 4 years ago. Got 4s on Macro & Micro. Never took the Microeconomics class in HS or college thanks to this guy! Now I am back because I have to take the CFA level 1
Not Microeconomics but I just watched some videos in Psychology, skip skip some long parts and tada! Got 4 in AP
this man is the reason i got a 5 on macro. i hope to get a 5 on micro this year too
@@eliqxir1739 I have my test on tuesday for Micro and Friday for Macro, i have not reviewed one bit of info until today, am i cooked?
@@eliqxir1739 do u buy the packets or find the videos work well enough
I love this guy😂😂My economic teacher makes us watch this guy 😂and I love him
I love this channel!
My Micro teacher James Redelshiemer (Mr. Clifford knows him) recommended this to our class and it's made econ so and easy. Great job, Clifford!
1:00 Demand 2.1
2:04 Supply 2.2
2:54 Price Elasticity of demand 2.3
5:28 Price Elasticity of supply 2.4
6:20 Other Elasticities 2.5
7:09 2.6
8:11 2.7
10:58 2.8
14:39 2.9
So lucky you were here, thank you!!
@@LotusKitty no problem I noticed this video didn’t have the chapters so I wanted to make it convenient 😂
Anyone here be cause they have a ap test tomorrow?
yep, godspeed brotha
The most attentive I've been for 16 whole mins straight in my life!
Is there a link to donate to your RUclips channel, I already graduated so I can’t buy the ultimate review packet
Your rock! Sure. Here is a donation link: www.paypal.com/donate/?cmd=_s-xclick&hosted_button_id=R7AZR6BT34E8J
@@JacobAClifford No, you rock! Your videos are why I got a 4 and 5 in micro and macro
@@cr-hb7sr lol same here
@@cr-hb7sr The AP exams became that easy?? Well hell yeah, i know what imma study before my exam
@@cr-hb7sr became that easy after binge watching these videos*
Thank you for keeping your videos so interesting and easy to understand! you have helped me through high school economics and undergraduate level too!
Thank u for helping me in high school now I am excited to start Econ in college
Good luck on your AP tests y'all
lmao its gonna be an all nighter
@@bensutton9195 same here dude 🥲
Hey, do you do other courses?
And ty for helping me pass my econ courses in uni.
This videos worth at least 50 utils
whaT DOES that mean lol
Underrated comment
I really liked the live sessions you did with students. Do you think you could do a AMA economics and talk about how things relate to economics?
Thank god my econ teacher showed me this channel. Youre amazing bro
By the way,Mr.Clifford, could you recommend a book that teach me how could I apply econ to my real life/business life?
I heard about "Freakanomics" . What do you think? Is that book is good?
Only have one day to study for micro... doing it here!! Hopefully it goes well.
what did you get
Same
did he really just cover 4 weeks of econ in 15 minutes
yes he did
This is amazing! thanks a lot Jacob!
Thanks Mr Clifford
thanks I am bad econ and this video help me!!!! :)
I agree
If you’re new here, you will not regret subscribing to this man
thank you,for your lesson
I like your videos, I am commenting so I get recommended more. I would love to see more econmovies
Any way you can integrate how to thoroughly analyze economic statistics in your units? You are awesome!
I have a question. The law of demand states that when the price goes up, the quantity demanded goes down but why in holidays, the price of flight tickets is going up but more people buy them to travel in holidays? And in Covid 19, the price of face mask goes up, but more people buy it. Can you explain this? Does this follow the law of demand?
Also, can you give me an example of Perfectly Inelastic and Perfectly elastic for both demand and supply?
Thank you very much for your video
I'm no economics teacher but I can answer a few of your questions. For your first question, I personally feel like airlines increase their prices and give more benefits at the same time. So you could buy a plane ticket for, lets say $400 with no chance to access the lounge in the low season, but in the high season you could pay $450 for a seat with more leg room and get access to the lounge. People who travel during the holiday season look for benefits rather than price because everyone knows that during the high season businesses use the chance to benefit from it. For your second question, just like I said before, businesses use the chance during the high season to benefit from the pandemic (which I feel like is unethical). Everyone needs masks right now since its forced in so many different countries. Businesses are increasing the prices of ESSENTIAL NEEDS!! So no, this definitely does not follow the law of demand.
@@lujaynerashid6284 Demand Shifters - Number of consumers, Income, Products similar, Expectations, Taste Preferences. Number of consumers goes up in both cases, Price goes up.
The Law of Demand states that if price goes up, holding everything else constant, then quantity demanded goes down and vice-versa. Like the other person mentioned, there are possibly benefits, but if you factor in benefits, you’re not holding everything constant.
The old video still good but this new video even better and I have bought the ultimate review packet , it's better and so amazing than I thought
You are amazing 👏 love ❤ from INDIA
You are the best, Sir!
So is this video include the edits or is it only from the ultimate review packet website. ?
this is epic bro
2:54
Mr Clifford u the GOAT
Why do you have milk on a shelf?
Very cool explanation
Best econ teacher
1. Inelastic demand and supply
jika bentuk kurva permintaan atau penawaran benar benar curam maka itu menunjukkan bahwa kuantitas tidak sensitif terhadap perubahan harga sehingga perubahan harga yg besar menyebabkan perubahan kecil dalam kuantitas
2. Elastic demand and supply
jika kurva permintaan benar benar datar maka kuantitas sangat sensitif terhadap perubahan harga, perubahan besar dalam kuantitas dari perubahan harga yang kecil
3. Unit elastic demand and supply
jika kuantitas berubah dengan jumlah yang sama persis dengan harga maka itu disebut unit elastis
Wow I might not fail my final now
Thank u so much, u r the best
What is use of this area of triangle
I love you man, appreciate the help
He is my real economic teacher
very nice i think i understood the most part of it now i can do more thing in my game :D
i love this guy he me so much econ
hey daddy cliff, i got a 2 on my micro exam 🥰
KHHJEGE DADDY CLIFF IM CRYING
Thank you!
can you make a separate video for FISCAL ECONOMICS.
3:15 why dont u bring up point price elasticity?
Rock!!! Do you have any website.?
how did you change it to percent
12:40
Can anyone tell me what is REVIEW PACHAKAGE ,and its use
you are AMAZING !
can you do the Roy model??
I can't find the Unit 1 Playlist
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how do i get the study guides
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ขอให้คนที่อ่านเม้นท์นี้ปลอดภัย
จากโควิดนะค้าบ😊 แต่ตอนนี้ผมติดแล้ว...
Hello sir, what is dead way lost 😔
thank you for this TT im watching this for my tests for this class,,,,, wish me luck..... TT
Thank teacher
This is amazing for revision, if you would watch it every week just for 20 min...supply and demand will run thru your vein..😅
Just gonna drop it here for anyone willing to do the tax exercise:
Calculate who pays a tax on land (perfectly inelastic supply)
MAXIMUM UTILITY!
Epic 👌🏽
اختباري عند فضلول اليوم 😮
thank you king
May I have a favor?
Why is a new Unit 2 summary necessary? What is covered in this new summary that was not covered in the older Unit 2 summary?
This video goes into a little more detail and I aligned it to the 2019 College Board curriculum.
@@JacobAClifford The older one is 30 minutes long while this version is about half as long. It's pretty reasonable to assume that these videos substitute, not complement each other. This video is probably not more detailed than the older one, in fact, it's probably less detailed. I guess aligning this video to the 2019 curriculum is okay, but it would make more sense if it was aligned to the 2020-2021 curriculum. Still, I don't know of any resource that is as helpful as your own. (Psst... Total revenue arm trick test)
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when in doubt, draw it out
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thumbnail reminds me of DMX with that cross-arm X symbol
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Clutch af
The rest of the videos are behind a paywall
LEGEND
why is there a jug of milk on a shelf in the background? its gonna sour 0:>
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why is the milk still there lol
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