Micro Unit 2 Summary (Old Version)- Supply, Demand, and Consumer Choice

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  • Опубликовано: 27 авг 2024

Комментарии • 419

  • @impressicaj
    @impressicaj 8 лет назад +693

    no youtuber brings me more utility than Jacob Clifford

  • @JacobAClifford
    @JacobAClifford  8 лет назад +470

    So, what did you think? Did this video help? What else do you want me to cover?

    • @maximlyakh4575
      @maximlyakh4575 8 лет назад +1

      +ACDCLeadership thank you so much for uploading it. It really helps

    • @JacobAClifford
      @JacobAClifford  8 лет назад +12

      You are welcome. I have more videos on the way

    • @raiyaal-nsour4725
      @raiyaal-nsour4725 8 лет назад +5

      +ACDCLeadership Awesome videos! It would be really great if you had one video that talked about all of the graphs in micro, often I have a difficult time differentiating between them.. especially when it comes to perfect and imperfect competition graphs

    • @JacobAClifford
      @JacobAClifford  8 лет назад +5

      Working on that right now:)

    • @juliestewart6500
      @juliestewart6500 8 лет назад +1

      +ACDCLeadership
      Hi, I purchased your review packet but there is a page or two missing from your micro answer key on unit two supply and demand. I thought you should know and was wondering if there was a way I could get the missing pages :)
      I am finding your videos very helpful as well as your review packet!

  • @jett4653
    @jett4653 5 лет назад +87

    a little acronym i was taught for change in demand is times/c
    t-taste and preferences
    i-income
    m-market size(number of consumers)
    e-expectations(future)
    s/c-substitution/complimentary good

    • @marshakerr1036
      @marshakerr1036 5 лет назад

      Will be using this, thanks....what can I use for Supply?

    • @stevenguyen731
      @stevenguyen731 5 лет назад +6

      Marsha Kerr for supply 5 shifters i came up with TIMER
      T ax and subsidy
      I novation/technology
      M arket /producer
      E xpectation
      R esource price

    • @marshakerr1036
      @marshakerr1036 5 лет назад +5

      Steve Nguyen if I use the same TIME I will be confused 🤷🏻‍♀️.....I use PENTS.
      Price of resources
      Expectation
      Number of producers
      Technology
      Subsidy and Taxes

  • @acmusiclover769
    @acmusiclover769 8 лет назад +30

    this man should know how great he is.... just wow. Really thankful

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    @LilFletch926 8 лет назад +40

    You are the best online teacher there is by far! Everytime I need help in economics you are the first person I look for to help. Your videos are easy to understand, entertaining, and extremely helpful. Thanks you so much for putting your time in and making these videos!

    • @JacobAClifford
      @JacobAClifford  8 лет назад +5

      +Lil Fletch You are very welcome. Thanks for watching

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      +Adisa Disy I'm glad I was able to help. Good luck on your exam

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    • @JacobAClifford
      @JacobAClifford  8 лет назад +4

      +Max Zussman Thanks Max. I'm glad you enjoyed it. There are more videos on the way

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    @wendyhartlen742 5 лет назад +1

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    @Crimby. 7 лет назад +160

    This is the first video I actually put to .75 speed

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    First time I understood the concept of CS and PS! Explained so easily and practical like "someone was willing to pay $10 but got it for $5.." and so on. Please keep it up! Thanks a lot!

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  • @UdyKumra
    @UdyKumra 7 лет назад

    I made mnemonics for shifters of Supply and Demand.
    Demand: CRITE
    Consumers number
    Related goods/services prices (complements/substitutes)
    Incomes of consumers
    Tastes of consumers
    Expectations of future prices
    Supply: PRITE
    Producers number
    Related goods/services prices
    Input prices
    Tech changes
    Expectations of future prices
    There's some others that are important as well but this covers a lot of them.

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    @lyksjackson2864 6 лет назад

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  • @clepclips7593
    @clepclips7593 6 лет назад +2

    I think the part on Total Revenue could be cleaned up a little. The examples only talk about price increases and decreases but do not specify that those price fluctuations are due to a supply shift. When price fluctuations occur due to a demand shift, the outcomes on Total Revenue would be different.

    • @Nuolong
      @Nuolong 6 лет назад

      agree im kinda confused why there's a supply shift when he says price increases

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    @kuboextraa4365 2 года назад

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    @JohnCornwill 5 лет назад

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    • @JacobAClifford
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