Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition)

Поделиться
HTML-код
  • Опубликовано: 26 авг 2024

Комментарии • 299

  • @brandonlee4815
    @brandonlee4815 8 лет назад +558

    I really wish I discovered your videos earlier than the night before my micro economics final! You're my hero

    • @brian77771
      @brian77771 7 лет назад +3

      lol,same

    • @pkgamma
      @pkgamma 5 лет назад +1

      lol that's me

    • @tejdande857
      @tejdande857 5 лет назад +10

      the fact that im right here 45 mins before my micro exam watching this to get that 50% i feel attacked

    • @cleangamer1254
      @cleangamer1254 4 года назад +3

      @@tejdande857 legit me rn :/

    • @tejdande857
      @tejdande857 4 года назад +2

      @@cleangamer1254 GOOD LUCK I'm sure you'll do well

  • @tuana2773
    @tuana2773 7 лет назад +195

    my grandma just disowned me
    thanks bro

  • @connorgreen8880
    @connorgreen8880 6 лет назад +98

    You spend so much time helping out college kids who're extreme procrastinators like me. Thank you. You just got a new subscriber

  • @smokeypillow
    @smokeypillow 6 лет назад +246

    You just made me understand consumer surplus in 5 seconds.
    I couldn't understand my teacher for 20 minutes.

    • @jingzhipei5893
      @jingzhipei5893 5 лет назад +6

      SmokeyPillow I couldn’t understand for two hours

    • @terminus9321
      @terminus9321 5 лет назад +11

      I still don't understand this

    • @zhaobopan5573
      @zhaobopan5573 3 года назад

      @@arjunkapasia6044 hah,

  • @the7daychallenger851
    @the7daychallenger851 8 лет назад +99

    Mr.Clifford.You have saved more lives than you can imagine.Great Stuff.

  • @ModernWelfareThree
    @ModernWelfareThree 8 лет назад +42

    My economics exam was yesterday and I'm still going to watch this for some reason...Happy Christmas

    • @JacobAClifford
      @JacobAClifford  8 лет назад +7

      +James Merry Christmas to you too. I hope you did well on your exams. Thanks for watching

  • @OnlyViKnows
    @OnlyViKnows 4 года назад +20

    I had a teacher back in highschool that made econ so easy that I thought I was good at it until I got myself a professor that made the class really hard to understand! My friend recommended your channel to me and I want to say thank you for making micro econ easy to understand! I have an exam tomorrow on Surpluses and Elasticity! Wish me luck!

  • @mariaburke3525
    @mariaburke3525 8 лет назад +50

    I like how quick I understood the concept of deadweight loss in so little time. Thanks.

  • @christcenteredrelationship
    @christcenteredrelationship 5 лет назад +5

    Mr.Clifford, You're made me easy recall my memory.
    Some teachers do say but I wasen't so confident about it.
    You made it easy.Thank you very much for your support.

  • @alexbalansay
    @alexbalansay 8 лет назад +27

    Just chanced upon this video since my college prof. isn't too great at explaining. Love you on Crash Course as well!

    • @JacobAClifford
      @JacobAClifford  8 лет назад +6

      +Alex B I appreciate it Alex. These videos are desigend to help you study for exams. Crash Course keeps it a little more general

    • @pearlsmitt
      @pearlsmitt 7 лет назад +1

      +ACDCLeadership you're a life saver!

  • @alyssiayuan7463
    @alyssiayuan7463 8 лет назад +6

    I don't know what I will do to get a high score in my Econ class without your videos! Thanks!

  • @HannaRommen
    @HannaRommen 4 года назад +1

    i've been trying to understand economics for the pst 2 months, hasn't worked out, but today I decided to try watch some videos, came across your videos, I've learned more i the past 2 hours of watching you videos on repeat, than i have from my teacher in 2 months, thanks!!

  • @kensho6711
    @kensho6711 7 лет назад +11

    Excellent work. I just binge watched a ton of your videos to prepare for my exam and have learned so much. I thank you for your time and effort in making these videos. I will share it with my friends.
    Also that was a clever joke haha

  • @cactuslover4040
    @cactuslover4040 6 лет назад

    I am a law student from Thailand writing IRP of Parallel Pricing...and I want to tell you that I really appreciate your work it help me understand Antitrust Laws in Economic perspective. I am so grateful I got to see your clip.
    Wish you the best.

  • @Bean-lb9nb
    @Bean-lb9nb 10 месяцев назад

    Mr. Clifford kept me entertained and helped me understand this stuff so well because the textbook was difficult to understand. I'm super engaged in his videos and will continue to watch all of his econ videos. He actually has me talking back to a screen lmfaooo. I appreciate him so much!!

  • @bigfishbovvl
    @bigfishbovvl 5 лет назад

    I've got happy tears in my eyes. It's all so clear now and I FINALLY UNDERSTAND. I have my final exam in a week and I hope that I'll be able to learn enough from your videos until then. THANK YOU, YOU WONDERFUL HUMAN BEING!

    • @OnlyViKnows
      @OnlyViKnows 4 года назад

      I KNOW HOW THAT FEELS! MY PROFESSOR MADE IT HARD FOR ME TO UNDERSTAND AND I GOT AN EXAM TOMORROW! How did you do on that exam?

  • @theycallmegray947
    @theycallmegray947 7 месяцев назад

    Great video, thank you. I have an exam tomorrow and this really made me understand the fundementals. Thank you good sir. Also hillarious twist you added with the winter atmosphere

  • @desi_god18
    @desi_god18 Год назад

    Im watching this 7 years after and your videos are still great

  • @advaitlath7221
    @advaitlath7221 4 года назад +7

    The 'repeat after me' moments are so underrated.

  • @samanthamanning4603
    @samanthamanning4603 5 лет назад

    You really simplified this! My teacher tried to really over complicate things to the point that left me beyond frustrated. Why can't everyone teach the way you can obviously?!

  • @kiranb8247
    @kiranb8247 3 года назад +1

    Why we can't find professors like him in our universities??
    You are the BEST!!

  • @dilnozarakhmatullaeva5399
    @dilnozarakhmatullaeva5399 5 лет назад +1

    i can't believe this video taught me the whole concept of PS, CS, DWL within 5 minutes that I couldn't understand for the entire lecture. You're just genius @JacobClifford thank you :)

  • @mosessigauke6874
    @mosessigauke6874 4 года назад

    one of the best I am not a type of a person who watch Economics videos but got the link from my lecture and now I will watch more your style of teaching is awesome

  • @SuperRipper1234
    @SuperRipper1234 6 лет назад

    man your a god, how do you explain things which are explained in textbooks in 30 pages, you explain in 3-6 mins

  • @ShannonLamberson
    @ShannonLamberson 8 лет назад +6

    Great videos. You make the concepts so easy to understand. Also, I really appreciate the effort you put in to make the videos interesting and memorable.
    Thanks,
    -A grateful grad student.

  • @princekwamiso
    @princekwamiso 4 года назад

    You just saved my day for my Economics exam today. Thanks. You explain it better than any other video I have watched online.

  • @T0NYthomson
    @T0NYthomson 8 лет назад +1

    Just wanted to say thanks for all the help your videos have provided for me as well as alleviating stress. Subscribed and told all my friends in my micro class to check out your videos as well.
    Merry Christmas!

    • @JacobAClifford
      @JacobAClifford  8 лет назад +1

      +Anthony Thomson Thanks Anthony. Merry Christmas to you too

  • @ErikPT
    @ErikPT 4 года назад

    You just explained an entire chapter of consumer surplus and producer surplus even better than my seminar instructor did!

  • @deutschlandmeinvaterland1568
    @deutschlandmeinvaterland1568 4 года назад

    I'm being a pedant, but I feel like the last example of deadweight loss (Christmas shopping) ignores the utility gained from sentimental gifts. I bought my girlfriend a $30 blanket on Valentine's Day. She likely didn't have the demand for it, but she cuddles with it all the time because it's a gift from me, creating an artificial demand that didn't exist before (I think!). Anyways, excellent video. 10/10 explanation.

  • @samaysoni4015
    @samaysoni4015 5 лет назад +2

    @jacobclifford you're a good soul and the world needs more people like you, professionally and otherwise. Thanks a bunch for the video!

  • @tiacannady1481
    @tiacannady1481 8 лет назад +1

    Love your videos! My teacher is too quick when he is giving us information so I don't really have time to comprehend what he is teaching. Your videos are easy to understand and I can watch them as many times as I need! Thanks so much!

  • @stephanienatacha9189
    @stephanienatacha9189 8 лет назад +1

    wow i watched this just in time for my final tomorrow. Thank you for making this youtube channel. It has seriously helped me out so much.

    • @JacobAClifford
      @JacobAClifford  8 лет назад +1

      +Stephanie Natacha You are welcome Stephanie. Please make sure to subscribe. The more subscription, the better the position on RUclips and the more people I can help.

  • @evansmith8788
    @evansmith8788 7 лет назад +1

    Your videos are extremely helpful! If it wasn't for your videos on economics, then I'd probably be doing terrible in my class right now. Anyways, just wanted to say that I appreciate the time you spent to make these videos. You're awesome!!!

  • @xodevonn
    @xodevonn 8 лет назад +1

    i honestly would be failing my econ class right now if it weren't for your videos. soooo appreciative keep up the amazing work

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +xodevonn That's awesome. I'm glad I could help

  • @lonelyjokers4
    @lonelyjokers4 7 лет назад

    I really like the way you teach :) I watched this video to help me get started on some homework that's not due for about a week, and we ended up learning about this in class the next day. I understood more from what I watched in 5 minutes that what I sat and listened to in 1.5 hours :)

  • @bibubbletea
    @bibubbletea 2 года назад

    Thank you, you helped me understand my college assignment a bit more. Thankfully it’s not the night before my test, but I do have to finish this assignment so now I understand much more!

  • @hitlerreacts2920
    @hitlerreacts2920 7 лет назад +2

    OMG you are a legend. Love your work. Literally are legit like my economics tutor rn. Thanks so much

  • @yanniyazi6197
    @yanniyazi6197 6 лет назад

    Thank You! This makes so much more sense than all the text books, professors, and tutors combined.

  • @yashojha9489
    @yashojha9489 8 лет назад +1

    Sir! i appreciate you work.
    you are the best teacher of ECON, you had made this subject interesting and fun...

  • @maine89757
    @maine89757 6 лет назад +1

    Thank you. You made me feel like an idiot trying to understand my model answer sheet for an hour. When all I needed was 5 mins 😂

  • @mongolia12546
    @mongolia12546 8 лет назад +1

    Happy holidays for you too! Thanks for taking the time and effort for making these videos :)

  • @jeffamato3185
    @jeffamato3185 7 лет назад

    My favorite funny part is when your wife says I told so ( at least that what is sounds like), after being hit with the snow the first time, and then your like YEAH YOU DID haha!

  • @brinjoseph7423
    @brinjoseph7423 8 лет назад

    I love your videos so much. You're literally the only reason I'm passing economics. Thank you!

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +Brin Joseph I'm glad that I could help Brin

  • @mercypeters4359
    @mercypeters4359 4 года назад +4

    GOD BLESS YOU IVE BEEN SO CONFUSED

  • @blueice1364
    @blueice1364 8 лет назад

    Yet another awesome video. You saved my exam once again. You're a life saver for science students like us. THanks a billion.

  • @busybeegames-n3q
    @busybeegames-n3q 3 года назад

    Tomorrow is my economics exam and your videos helped me a lot, Arigato gozaimasu

  • @jessicas4060
    @jessicas4060 6 лет назад

    Thank you thank you thank you for making this subject which is is actually really interesting, but often bogged down in complexity and dull professors, so easy to understand!

  • @GuitarreroDaniel
    @GuitarreroDaniel 3 года назад +1

    You are the best Jacob, thanks for this explanation :D

  • @aylaallen6860
    @aylaallen6860 8 лет назад +1

    Thank YOU so much for Your amazing videos! I just admire your explanation methods. I should say that before watching your videos I hated economics and found it very hard to learn or understand. However, Your explanation methods (your jokes, positivity, knowledge and of course, amazing teaching skills) made me love this course veery much!!!! I never get tired when I watch your videos, and even try to learn more and more.. Thank YOU So much, and please just keep up your perfect and helpful work! :)) God Bless You! :))))) And HAPPY HOLIDAYS! :)))

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +Joyka Merry Thank you Joyka. Happy Holidays to you.

  • @zukaking3582
    @zukaking3582 4 года назад

    Best educational channel ever!!!

  • @amandakapinga7647
    @amandakapinga7647 7 лет назад

    i am writing optionals today. i wish i'd discovered this channel earlier, i would probably have had better results. crossing my fingers and hoping for a distinction

  • @GMzHero
    @GMzHero 8 лет назад

    Mate, you've got some MINT public speaking skills. This really helps me through my microeco class because it's catchy! Just FYI you're marketing your channel in the best way possible :)

  • @samanthamanning4603
    @samanthamanning4603 5 лет назад

    In fact I'm done reading her notes. If I keep reading her notes I'm going to overthink what you just taught me and have a meltdown over it! lol!

  • @mOesphere77
    @mOesphere77 7 лет назад

    Love your work! Specially when you explain something and I figure that I got it but not 100% sure and then you give a different example and that gives us the time to calculate and find out if we really understand it.. Thanks!

  • @kumarsmriti10
    @kumarsmriti10 5 лет назад +2

    0:05 you can tell he's done a couple takes of throwing snowballs cause his nose is already red 😂

  • @boxcarracer24
    @boxcarracer24 6 лет назад

    It's like I'm looking at Marshall from HIMYM teaching Macroeconomics. Nice video!

  • @MichelleCN_
    @MichelleCN_ 4 года назад

    I understand a little clearer, please make another video with more details. Thank you.

  • @user-uy7mx5cj5j
    @user-uy7mx5cj5j Год назад

    you really do make this easier. thank you

  • @JacobAClifford
    @JacobAClifford  8 лет назад +175

    Happy Holidays! What did you think of the video? Did anyone get the "Let's say..." joke?

    • @donnyphilippe5187
      @donnyphilippe5187 8 лет назад +3

      +ACDCLeadership I don't how to solve demand function and revenue function to find profit maximizing quantity...! please help.

    • @kevind1721
      @kevind1721 8 лет назад +1

      +ACDCLeadership "What is deadweight loss?" "It's deadweight loss." I got it!

    • @JacobAClifford
      @JacobAClifford  8 лет назад +8

      Yes, it is the lost efficeincy when a market is not at equilibrium

    • @donnyphilippe5187
      @donnyphilippe5187 8 лет назад +1

      +ACDCLeadership What about my question?

    • @rakkini23
      @rakkini23 8 лет назад

      +ACDCLeadership great as always

  • @KK-pf1ye
    @KK-pf1ye 6 лет назад

    You are THE BEST. All other economics videos suck. Keep it up.

  • @adam.p.7536
    @adam.p.7536 5 лет назад

    this guy is banter, love it.

  • @terrijackson5335
    @terrijackson5335 2 года назад +2

    This is a GREAT video but the sound track goes off the video recording around the 1 minute mark. Any chance you can fix that?

  • @jennykelly8276
    @jennykelly8276 7 лет назад

    I wish my professor could explain things as clearly as this. Thanks!

  • @zeneca_33
    @zeneca_33 6 лет назад

    hahaha, I definitely do "prefer cash this Christmas" .great video!

  • @richardmaiap580
    @richardmaiap580 Год назад

    Man I wish you were the lecturer at my university!

  • @jadamclean7927
    @jadamclean7927 3 года назад +1

    love your videos!

  • @aubriraymundo8264
    @aubriraymundo8264 3 года назад

    I love how you explained this! You're so Awesome!

  • @Manananana20697
    @Manananana20697 8 лет назад

    My prof should learn from you. Seriously, legend.

  • @AN-jd2yp
    @AN-jd2yp 8 лет назад

    Very nicely explained.Kudos to the presenter.

  • @521Minecraft
    @521Minecraft 4 года назад

    Im watching this now and my final is later about 10 hours later :( stayed up for this

    • @gmork1090
      @gmork1090 4 года назад

      You and me both, except midterm here. Aced macroecon with the same teacher and thought I was safe, but here I am terrified of what will happen in 9.5 hours.

  • @lidiafule538
    @lidiafule538 7 лет назад

    It just brilliant!!!! Our MBA group is just preparing for the microeconomics exam! :)

  • @rominaz5873
    @rominaz5873 8 лет назад

    Thank you very much, i learned something in 6 min when i teacher try to teach it in 4 hours

  • @rizzoli7
    @rizzoli7 2 года назад +3

    audio-visual relationship is kind of wacky around 1:15

  • @prathamoli3473
    @prathamoli3473 7 лет назад

    Best economics teacher

  • @Kadenxe
    @Kadenxe 6 лет назад

    The end was mad funny lol

  • @nguyengrace5753
    @nguyengrace5753 6 лет назад

    i wanna say thank you so much from your super fan in Vietnam , it's really helpful . Grazie mille

  • @husseinbdeir9214
    @husseinbdeir9214 6 лет назад +1

    you have AMAZING teaching skills!!!

  • @Kaye2DaJaye99
    @Kaye2DaJaye99 8 лет назад

    I Enjoy these videos and they help me, im taking macro next year so i will be back but its the end of this semester for me..

  • @pia3522
    @pia3522 4 года назад

    this man is a hero

  • @LM2011GRAD
    @LM2011GRAD 7 лет назад

    Best videos! BEST. These videos are helping me crush my micro econ class!

  • @angus___3213
    @angus___3213 Месяц назад

    Jacob you have saved me, thanks

  • @ryanernst1781
    @ryanernst1781 8 лет назад +1

    I'm very happy to find your channel, before my final. Just disappointed that this video doesn't have you wearing any ACDC.
    Personal Questions: How many ACDC belts do you have? And is ACDC your favorite band?
    Keep up the good work, will let any classmate know about you.

    • @JacobAClifford
      @JacobAClifford  8 лет назад +2

      +Ryan Ernst It is under the sweater. I have 7 of them by the way

  • @mechamicro
    @mechamicro 5 лет назад

    Base on my calculation my DWL is on the left instead of the right. However, it has identical area.

  • @mintedchai8123
    @mintedchai8123 8 лет назад +1

    Thanks for the help and great video! Thumbs up

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +Adnan Mkamel I'm glad that it makes sense

  • @alejandrofutbol2
    @alejandrofutbol2 8 лет назад

    Good way to explain. I understand better this topic thanks

  • @Khanal58
    @Khanal58 8 лет назад

    I love your videos! But I want to slow them down lol because you zoom through them (which I appreciate tho because they are short and concise)

  • @jariwilschut4248
    @jariwilschut4248 8 лет назад +5

    isn't the combined consumer surplus 3×4000×0.5=6000. It should be multiplied by 0.5 because it is a triangle right?

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +Jari Wilschut Yes, you are right I was wrong. That's what I get for changing up the numbers before I edit. Crap!

  • @carringtonparks7761
    @carringtonparks7761 5 лет назад +2

    not all superheroes wear capes...

  • @dinahsalomon6685
    @dinahsalomon6685 7 лет назад

    had to watch 3 times but then i got it! thank you!

  • @skyblueadventures-filipina379
    @skyblueadventures-filipina379 6 лет назад

    I'm a law student, studying tax law, were looking like zero at these principles. It would be useful to see your position on saving taxation, and why or why not, dropping it entirely in lieu of consumer tax system, from an economist stand point. The government will tell you they can't afford to lose the value of savings taxation.

  • @asdfplkjh5541
    @asdfplkjh5541 5 лет назад

    I can feel the cold snow

  • @iUseTrees
    @iUseTrees 3 года назад

    Super easy to follow thanks

  • @noueruz-zaman7894
    @noueruz-zaman7894 6 лет назад

    just starting msc finance and enjoying your vidoes
    muchas gracias

  • @sabisniga
    @sabisniga 8 лет назад +1

    You've been a great help, got me a 5 on my AP macro exam and hopefully another on my AP micro exam. I was just wondering how you got the DWL in your bonus round.

    • @JacobAClifford
      @JacobAClifford  8 лет назад

      +nerdster DWL occurs whenever P doesn't equal MC. In this case, the MC is greater than the price so there is too much produced and DWL is on the right side of socially optimal. When we are producing too little and MC is less than Price the DWL s on the left side of socially optimal. Does that help?

    • @sabisniga
      @sabisniga 8 лет назад

      crystal clear, the only difficulty that I found in this particular concept is that the DWL is to the right of the equilibrium point and I have never tackled a question where it hasn't been to the left of the equilibrium point which is why i have a hard time visualizing it. Also I think the link at the end of the video might be broken:P. Thank you once again, my whole class owes you one:)

  • @zackbarrette3737
    @zackbarrette3737 8 лет назад

    You saved me from an f! Thanks for all the great videos you post they are my savior!!!!

  • @josechua669
    @josechua669 7 лет назад

    Wish I found this earlier, you're great help!

  • @Thatmauiwowie
    @Thatmauiwowie 5 лет назад +1

    Thank you !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @nicolezhang727
    @nicolezhang727 5 лет назад

    i love ur videos so much!! they help me a lottttt!!! thank you!!!

  • @stephenculver3626
    @stephenculver3626 2 года назад +1

    The audio is way ahead of the video starting at 0:59

  • @arnav707
    @arnav707 7 лет назад +1

    Can you help us with Principles of Economics by Mankiw????