you have no idea how helpful you're video's are to my friend and i. would just like to say thank you soooo much. you don't understand how appreciative we are, and because of you we have a chance of getting into uni
without ur videos..man I can bet I would have failed my Economics class...I really appreciate this...You are touching lives in your own special way. Thanks. and please don not stop...WE NEED THIS!!!llol
No, thank you for watching! It's a real pleasure for me when something I set up for my classes, here in Athens, Greece is watched and used by people all over the world.
I've got my units 4 and 5 A2 exams tomorrow, and i feel so much better prepared thanks to your videos. The explanations are so much better than any book's, teacher's or website's ive found. Thanks, keep it up
I'm really very thankful to u that, u put these video here , and i have an exam day after tomorrow. I feel very confident myself after watching these videos...thanks very much PAJHOLDEN
Hello, just wanted to say that the outakes were fun to watch, I see that you do have a sense of humor not shown on your clips. I just began to take an Economics class, and your clips have been extremely helpful. I've watch some of the others and by far you're the best, I truly understand your lessons. I hate reading, listening to your clips is all I think I need to pass my class, thank you for what you do....
I must admit, that was one of the clearest explainations of the kinked demand curve. I really enjoyed watching it and watching you enjoy yourself! Please, make more videos.
Again. Thank you for posting videos. I think I actually understand this in more depth than my professor went into, and I didn't understand it at all after that class period. And listening to it with the accent (I am American) made it even more enjoyable.
I have seen myriad videos on youtube, and this is the first time I am commenting on one. That being said; I missed the day of class when my professor went over oligopolies and you just explained it very clearly and have effectively saved my ass on my final. much appreciated. =)
My Econs paper is tomorrow and I just started revising today... But after watching your videos I feel comfortably prepared for the paper !! You rock SIr =)))))))
Just in Art where the lack of space is important good teaching I believe is about knowing what to leave out of explanation to avoid confusion this guy teaches well.
It does. The discontinuity is directly below the kink in the AR/D curve. And that is the point at which the market is - at price P where there is nothing to be gained from either raising or lowering price. What is not explained is why the kink is exactly at that P and not another.
LOL I love the last part! When he's like, "I think it's a good theory. Stop.", with that ' i approve' face. Anyway thanks alot Paj! Your videos are so much better than my lecturer or my lecture notes! Honestly you make it so easy! :) Love from Singapore
its awesome!!!!!!!! when i looked at my CFA level1 text book... i get totally confused!!! but u explained like , divide it into 2 parts.. the freaky MRs work out! i understand why MR looks like that now.. thank you so much! i love u.
The MC cuts the vertical discontinuity of the MR curve - so it is still MC=MR and therefore profit maximisation. The MR is strange but consistent with the kink in the AR/D curve. The bigger the bend in the AR/D curve, the larger the vertical discontinuity. Phil
The part where the MR curve is vertical where MC is able to rise and not affect Price or Quantity. What is the name of that region? I thought that there was a name for it but I can't remember...
Based on what you said, can I safely make the assumption that firms in oligopolistic markets have to find another means by which to be competitive, and this is accomplished via their STP position?
Hello sir! That was a terrific video. A question: when do the MC curves shift? in what scenarios would they shift upwards? My intuition is saying diseconomies of scale but could u confirm that please? Thanks!
So would the goal of oligopolistic firms be to minimize their marginal cost? Because won't they have more profit if they can keep their MC as low as possible since P and Q will remain the same???
is the fall in mc 2 to mc 1, because of fall in price, on the diagram there is only one price "P", be helpful if u could relate the discontinuation of ar with the fall in price,, i know they dont lower the price because there is no incentive, and Mc still =Mr and the quantity the same, and also if u could explain the term "sticky price" tnx Mark.
i may be wrong but i think the MR curve continues between the two points, but it is vertical. The pitch of the AR curve sharply changes, so the MC adjusts twice as sharply...just my opinion though.
you have no idea how helpful you're video's are to my friend and i. would just like to say thank you soooo much. you don't understand how appreciative we are, and because of you we have a chance of getting into uni
without ur videos..man I can bet I would have failed my Economics class...I really appreciate this...You are touching lives in your own special way. Thanks. and please don not stop...WE NEED THIS!!!llol
No, thank you for watching! It's a real pleasure for me when something I set up for my classes, here in Athens, Greece is watched and used by people all over the world.
This is great, love the stop at the end lmao
I've got my units 4 and 5 A2 exams tomorrow, and i feel so much better prepared thanks to your videos. The explanations are so much better than any book's, teacher's or website's ive found.
Thanks, keep it up
I'm really very thankful to u that, u put these video here , and i have an exam day after tomorrow. I feel very confident myself after watching these videos...thanks very much PAJHOLDEN
Wow this is very clear. Thanks!
I never thought of MR being twice as steep as AR explaining the vertical bit in the MR curve.
Hello, just wanted to say that the outakes were fun to watch, I see that you do have a sense of humor not shown on your clips. I just began to take an Economics class, and your clips have been extremely helpful. I've watch some of the others and by far you're the best, I truly understand your lessons. I hate reading, listening to your clips is all I think I need to pass my class, thank you for what you do....
I must admit, that was one of the clearest explainations of the kinked demand curve. I really enjoyed watching it and watching you enjoy yourself! Please, make more videos.
Again. Thank you for posting videos. I think I actually understand this in more depth than my professor went into, and I didn't understand it at all after that class period. And listening to it with the accent (I am American) made it even more enjoyable.
Thank you so much for posting these videos! Really helped me in studying for my upcoming exams :)
How was your exam after 3 years?
i aced my essay question on this topic because of this video. thank you!
You are GREAT at explaining. Understood the theory already, just fell across this. You are a good lecturer
Thanks very much, youre really helping me with my economics revision!
You are much easier to understand than my lecturer!
I have seen myriad videos on youtube, and this is the first time I am commenting on one. That being said; I missed the day of class when my professor went over oligopolies and you just explained it very clearly and have effectively saved my ass on my final. much appreciated. =)
Just did this today and didn't understand it. it makes alot more sense now!!! Thanks
My Econs paper is tomorrow and I just started revising today... But after watching your videos I feel comfortably prepared for the paper !!
You rock SIr =)))))))
Just in Art where the lack of space is important good teaching I believe is about knowing what to leave out of explanation to avoid confusion this guy teaches well.
Real asset to those Greek students, Paul =] Keep up the good work.
Thank you so much for all of your incredibly useful videos. I would not have passed my Pre-U economics without you
Twelve years later, still the best
Fantastic video, really helped me for my exams next week. Thanks
Thanks a lot Mr. Paj! You explained it so much better than my teacher. Only wish I had discovered your videos sooner!
God bless u , you have no idea how much your videos are helping us..
It does. The discontinuity is directly below the kink in the AR/D curve. And that is the point at which the market is - at price P where there is nothing to be gained from either raising or lowering price. What is not explained is why the kink is exactly at that P and not another.
LOL I love the last part! When he's like, "I think it's a good theory. Stop.", with that ' i approve' face.
Anyway thanks alot Paj! Your videos are so much better than my lecturer or my lecture notes! Honestly you make it so easy! :)
Love from Singapore
its awesome!!!!!!!! when i looked at my CFA level1 text book... i get totally confused!!!
but u explained like , divide it into 2 parts.. the freaky MRs work out! i understand why MR looks like that now.. thank you so much! i love u.
The MC cuts the vertical discontinuity of the MR curve - so it is still MC=MR and therefore profit maximisation. The MR is strange but consistent with the kink in the AR/D curve. The bigger the bend in the AR/D curve, the larger the vertical discontinuity. Phil
thanks for the video, btw you're pretty skilled when it comes to handle the marker!
this was so helpful i was having a headache trying to understand my notes :\ REALLY HELPFUL
thank you mate. I have an exam later and youve helped me LOADS.
Cheers.
The part where the MR curve is vertical where MC is able to rise and not affect Price or Quantity. What is the name of that region? I thought that there was a name for it but I can't remember...
same situation and i totally agree i wish i had found these earlier a real life saver.
Brilliant !!! could understand before , best explanation ive ever heard
Thank you for this simple and informative video. It really helped me in my microeconomics final.
@pajholden very very helpful. I am taking a correspondence course and the teacher is just awful. You've saved my hide! Thanks so much.
this is best explanation ever ty
Easily made me understand it! nice work phil
Professor Paul,
wonderful videos. They should hire you to fix the Greek economy!
Thank you for this video...i played it atleast 5 times...which i cannot do with my professor thanks again.
hmmm so ultimately we cannot deduce the MR from the kinked demand curve?
this is probably a limitation of the diagram am i correct to say that?
Dude i think your the reason i may pass economics A level. Thank you you god!
this has greatly helped me with my EE. thanks so much!
Hi sir :) I'm confused on why is the MR curve twice as steep as the D curve?
that stop!! at the end hahahahaha
hey i am still confused here sorry, wat is the MR at P, kos MC cuts nothing at that point :/
Thank you so much, been staring at my notes for about 30mins trying to work this out, and you explain it in 4!!!! thank you!
ah...what would I do without you Mr Holden! the best
Based on what you said, can I safely make the assumption that firms in oligopolistic markets have to find another means by which to be competitive, and this is accomplished via their STP position?
thank you so much ! finally understand why the MR curve is discontinuous ^^
" You're awesome." - That's an understatement.
Suppppper helpful even 10 yrs later..
:)
Hello sir! That was a terrific video. A question: when do the MC curves shift? in what scenarios would they shift upwards? My intuition is saying diseconomies of scale but could u confirm that please? Thanks!
sweezy is my fav subject in micro economics...i love solving question about sweezy and other oligopol models such as cournet...
So would the goal of oligopolistic firms be to minimize their marginal cost? Because won't they have more profit if they can keep their MC as low as possible since P and Q will remain the same???
is the fall in mc 2 to mc 1, because of fall in price, on the diagram there is only one price "P", be helpful if u could relate the discontinuation of ar with the fall in price,,
i know they dont lower the price because there is no incentive, and Mc still =Mr and the quantity the same, and also if u could explain the term "sticky price" tnx Mark.
Do you read sweezys monopol capital book, which he wrote with Baran? I have it with me in the Philippines and will read it next week.
Can' agree more with people here, you explaind everything in 5 minutes, my prof. couldn't in 3 1 hour.
never understood this until now...thanks!
you are really really fantastic; thanks so much!
and if i may say so, i think all your videos generate a large amount of positive externalities (:
Useful Revision!
Thank you Mr. Paul, you've saved me into failing my eco test !
awesome.. thank you saved me from my mock tomorrow
totaly help me out with my eco hw. i missed my lec and this just totaly saved 2 hour of lec. lol
Very good explanation. Thanks for the upload
very clear explanation, like it, wise our professor can do the same job
LOVING YOU right now!! my ass has just been saved. thank youuu sir!
Gracias!!! Me despejaste la duda que tenia y no entendía en el libro 👍👍👍
Very well explained, thanks!
@milesglanfield same here
ocr exam board?
Good job, very well explained.
@summer9380
noone knows why its at the price P we just assume that it starts there...
Thank you for the explanation. Very helpful
geniouss!! now I can do my work on oligopoly, THANKS
youre a true legend Phil, thanks!
I WISH I CAN DONATE YOU FOR ALL YOUR VIDEO SIR!!!
u really have no idea how this video help us...
Great Vid! It looked like you were ready to knock the shit out of the people making a noise at the end when you said stop lol. H
oh excellent just excellent
Wow well explained!
u made it look so simple!!
Thank you, makes so much sense now!
that's great, really good explanation
very clear explanation, like it
Thanks for that mate! Clears some misunderstandings :)
this is very helpful. thank you so much!
thanks very much, very clearly explained
Still don't understand the gap in the MR curve
i may be wrong but i think the MR curve continues between the two points, but it is vertical. The pitch of the AR curve sharply changes, so the MC adjusts twice as sharply...just my opinion though.
Thank you very much. It was very helpful!
Thanks, that was a very useful video
I might need to stop coming to my economics class and learn everything through yt instead
saved me FROM* failing your eco test, i think is what you meant!
you are very welcome my good man
bless your soul sir!
Thanks, that made a lot of sense
Damn dude, blew my mind
Really helpful! thanks
Just brilliant!!!
very good job,thanks
this teacher is just great! hahaha i would appreciate everything if i were his student
Now I get it. Much appreciated.
Ms Ducie sent me. Also, IB exams tmr...cri