Professor Clifford, I just want to say what a wonderful service your economics videos are. As an undergrad who is frustrated by my Econ professor (who seems to like puffing his intellectual chest by making elaborate points and examples) you really seem to prove what a good teacher looks like. A good teacher is not someone who can assert their intellectual superiority by impressing dummies like myself, but is rather someone who can explain a complex theory in a simple, and understandable fashion. Thank you so much for making these videos free as they are vital for struggling students like myself, even 5 years after you have created them!
Wow. When my professor was explaining this lesson, I was overwhelmed and completely confused. Now I completely get it thanks to you. You save lives. Thank you!
Things that I never learned in lectures and self-study, now I've become master by merely watching them on this channel and more importantly in just a few minutes. Tons of thanks for this extraordinary channel which made things quite understandable for all its followers.
Dude, you're the kind of guy who I would pay ridiculous amounts of money so you could perform seminars in Universities and Colleges on "How to hire professors". The thing is that it is not just this course that makes you a "cool prof." it is actually within your nature to be like that and this is an attribute that needs to be present in a hiring process of a professor. Your communication style, in general, has a positive effect on students and you connect well with them, I haven't seen you in person but I'm pretty sure this is the way it is. I'm pretty sure that students even tend to talk about their problems outside of the class with you as well. Lastly, please keep this up and I'm not going to say "hopefully every person teaches like you do" because then there wouldn't be much appreciation for people like you!
This guy is what we call a economics legend thank u sir .I could say before I found ur channel I was seeing flames in my papers 😂 after watching Ur videos and making notes I'm finally understanding this module in university
All it takes for Econ teachers to make a little bit more sense is attitude. Everyone knows listening to economics for two hours straight is boring. Any teacher willing to keep the students attention are going to be winners 🤝
You, sir, are a life saver. You really simplify things and make them easy to understand. Thank you for my distinction. Now, hopefully I'll score another one today.
Hi Jacob, I've been doing Economics this study period and watching your videos which have been a great help. Keep it up, you've got an excellent way of simplifying economic theories that makes it easier to understand
this man save my life, I have a quiz every Wednesday, each quiz five percent of my final grade, so far the lowest I've gotten is 60% and that was only one quiz.
HEY YOU! Fellow high school econ student! if ever forget what goes to the government look for the box with "wings" (the left a right wings haha) .The money that goes to the government will alway be the box with triangles on both sides. pause at 2:39 to understand what i'm saying. The wings will either be the producer and consumer (taxes) surplus or dead weight loss (tariffs). I made up this mnemonic and got a 98% on my Unit 2 Test!!
bro u legit carried me through micro economics not gonna lie. im so thankfull for your videos. its informativ and very entertaining and im enjoying it all the time. thank you very much best regards from germany
am also a teacher of economics here in Uganda, but never have i seen economics teacher as good as him, i would also copy your method and style of teaching
I've learned more from half an hour of watching these videos than I have in my entire college micro class, how did my prof manage to say nothing in the past 3 months?
if your haveing trouble determining by how much supply shifts, in the case of tax add vertically the amount of tax in this case 2 dollars to equilibrium and draw a new supply curve parallel to the last
8.1 Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not? a. Apples b. Convenience stores c. Electronic games (a market dominated by three firms) d. Used cars
Have econ for summer school, finals this wednesday, I had only 2 weeks and a half of econ and I've been lost lmao, with him things make more sense haha thank youuuu
Thanks a lot , you just explained in 5 minutes my teachers one hour lecture. I think it's not too far fetched to say you are one of the best prof that ever lived !
just few mins before i had no idea about taxes and now i understand,, im going to give exam now hope i will do the right thing..thank you so much for you super helpful videos .. i wish i could see it yesterday so i could study more affectively,,anyway thanks very much :)
I really thankful for this video , because right now I'm in Taiwan and it is hard for me to listen chinese language. thank you Professor It is really helpful
I really appreciate your efforts! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Love your videos Great explanation accompanied with great visuals. on the topic of the video on taxes I am a citizen of Canada and many do not feel that taxes are "the enemy" or "dead weight" or "a burden". I know you did not create those phrases but you must realize these terms are biased and loaded. It would be great if you could add a "Springer's Final Thought" to this video explaining that taxes are used for health inspectors that check your restaurants for cleanliness; libraries; snow removal; keeping lakes clean and wildlife monitored/protected. In your video example you talk about milk. Taxes collected should be used to assess the long term health affects of growth hormones or anit-biotics on humans and to advise farmers on how to protect cattle from mad cow disease. Taxes are necessary revenues collected to pay for externalities that corporations do not factor into the price of their goods ie. take away coffee cups and their disposal. Just a thought from your northern neighbour to help Americans not hate and mistrust government.
Same thing but think of it more as “left”. When you shift the supply curve to the left, the price increases and the quantity decreases. Remember your law of supply
I appreciate your efforts! 🙏 Just a small off-topic question: 😅 I have a set of words 🤷♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
Hi, just wondering, at 2 minutes 34 seconds why is producer surplus there and not a triangle between three, four and the new equilibrium point? Thanks :)
I keep watching this over and over and I'm not understanding where the $3 tax per unit comes from the supply curve 1 to supply curve 2. I get the producers and consumers split taxes, but it doesn't look like it moved $3 worth on the demand curve? Or am I misunderstanding something?
this makes so much more sense in 5 minutes than it did in the two hour lecture
Sarah Strehl totally agree with you
Ikrrr !!!
Sarah S omg sammmmmmeeee
AMEN SIS
Same
Professor Clifford, I just want to say what a wonderful service your economics videos are.
As an undergrad who is frustrated by my Econ professor (who seems to like puffing his intellectual chest by making elaborate points and examples) you really seem to prove what a good teacher looks like. A good teacher is not someone who can assert their intellectual superiority by impressing dummies like myself, but is rather someone who can explain a complex theory in a simple, and understandable fashion.
Thank you so much for making these videos free as they are vital for struggling students like myself, even 5 years after you have created them!
Shared the sentiments. Couldn't have said it better myself.
I hope he got to read this.
Econ final in 12 hours. only wish I found these videos sooner. Pray for me
+Troy Petersen Good luck
me too, it really helps me a lot to understand economy subject better
this is so stereotype....o my exam is in 12 hours, and thank god i found this,,o my exam is in 2 days this video saved me. So stereotyped...
and cliched
whats more "cliche" than calling something cliche?
lets take a moment of silent to bless and thank god for this man
Bless him
Wow. When my professor was explaining this lesson, I was overwhelmed and completely confused. Now I completely get it thanks to you. You save lives. Thank you!
Things that I never learned in lectures and self-study, now I've become master by merely watching them on this channel and more importantly in just a few minutes. Tons of thanks for this extraordinary channel which made things quite understandable for all its followers.
Sir....Hats off to you!! You helped me in High School and now in University!!! I will NEVER stop recommending your channel to others!!! Thanks a lot!
Dude, you're the kind of guy who I would pay ridiculous amounts of money so you could perform seminars in Universities and Colleges on "How to hire professors". The thing is that it is not just this course that makes you a "cool prof." it is actually within your nature to be like that and this is an attribute that needs to be present in a hiring process of a professor. Your communication style, in general, has a positive effect on students and you connect well with them, I haven't seen you in person but I'm pretty sure this is the way it is. I'm pretty sure that students even tend to talk about their problems outside of the class with you as well. Lastly, please keep this up and I'm not going to say "hopefully every person teaches like you do" because then there wouldn't be much appreciation for people like you!
This video actually blew my mind with how clearly and effectively you explained this topic.
Can't thank you enough. Really enjoy the enthusiasm and upbeat attitude in the videos, really helps with staying engaged!
Mr C can still makes me crack a smile even when I'm cramming for my econ test at 1 in the morning XD Thank you so much :)
Much easier to understand than our Prof. :)
This guy is what we call a economics legend thank u sir .I could say before I found ur channel I was seeing flames in my papers 😂 after watching Ur videos and making notes I'm finally understanding this module in university
All it takes for Econ teachers to make a little bit more sense is attitude. Everyone knows listening to economics for two hours straight is boring. Any teacher willing to keep the students attention are going to be winners 🤝
You just taught me my ENTIRE Econ 101 course in 2 days. I appreciate you. hahah keep it up !
+Ben Ripka Great! Ben, return the favor by telling your friends and subscribing. Thanks
@@JacobAClifford hahaha You got it
Can I assume who ever is more inelastic pays more tax?
Prof. Your 5 Minutes Video Is better Than Our 1:30 Hour lecture
Really You are a Magician❤
its so amazing that a video made by you 9 years ago continues to be so very useful...and crayzily funny
You, sir, are a life saver. You really simplify things and make them easy to understand. Thank you for my distinction. Now, hopefully I'll score another one today.
Hi Jacob, I've been doing Economics this study period and watching your videos which have been a great help. Keep it up, you've got an excellent way of simplifying economic theories that makes it easier to understand
this man save my life, I have a quiz every Wednesday, each quiz five percent of my final grade, so far the lowest I've gotten is 60% and that was only one quiz.
HEY YOU! Fellow high school econ student! if ever forget what goes to the government look for the box with "wings" (the left a right wings haha) .The money that goes to the government will alway be the box with triangles on both sides. pause at 2:39 to understand what i'm saying. The wings will either be the producer and consumer (taxes) surplus or dead weight loss (tariffs). I made up this mnemonic and got a 98% on my Unit 2 Test!!
This video still helping so many people in 2020.... Bless up
This video saved my ECON midterm, really.
You have no idea how much this has helped me, thank you so much for uploading :D
this makes so much sense and helped me so much since my 2-hour lecture is just listening to my prof read through 50 slides
Mr.Clifford always saves me, especially during this Covid-19 times coz my teacher is not used in teaching online and all I get is Assignments
Have my kids
Thanks Mr Clifford. Made more sense than 8months of studies on tax incidence
your enthusiasm cracks me up, thank you
Thanks to you I passed my Econ test! I didn’t really understand the material when my teacher explained but you helped me a lot and I appreciate it
I just had to thank him a thousand times.
You've been the reason I was able to get through Econ 101. I am eternally grateful Mr.Clifford.
I love how fun you make this topic sound.Thank you so much
bro u legit carried me through micro economics not gonna lie. im so thankfull for your videos. its informativ and very entertaining and im enjoying it all the time. thank you very much
best regards from germany
Can't believe his videos are still that helpful .... Thank uu so much 💓
am also a teacher of economics here in Uganda, but never have i seen economics teacher as good as him, i would also copy your method and style of teaching
Thanks for these videos. I've been watching them every Monday. I'll get an A for sure tomorrow!
This is so much easier to pay attention to than my lectures. Even khan puts me to sleep on this subject, Thank you for doing these!
Taking a mid-term and this has taught me more than everything in class so far
I've learned more from half an hour of watching these videos than I have in my entire college micro class, how did my prof manage to say nothing in the past 3 months?
This is not just good but it's simply unbelievable. Just 5 min videos has made me understand what I failed to understand in 1hr lecture
this guy has too much wisdom, thanks Mr , your are always helpful
if your haveing trouble determining by how much supply shifts, in the case of tax add vertically the amount of tax in this case 2 dollars to equilibrium and draw a new supply curve parallel to the last
2019 and this is still more helpful than 2 hour lecture
Jacob Clifford you are the best Economics teacher!
hit like if anyone still watching this video and it is totally making sense!
2019 and here I am. this 5 mins made sense of what my faculty couldn't make me understand in 4-5 classes :3
8.1 Are predictions using the supply-and-demand model
likely to be reliable in each of the following markets?
Why or why not?
a. Apples
b. Convenience stores
c. Electronic games (a market dominated by three
firms)
d. Used cars
This video was really helpful, my economics professor confused me so much on this taxation thing, but now after watching this video, I am all good.
Have econ for summer school, finals this wednesday, I had only 2 weeks and a half of econ and I've been lost lmao, with him things make more sense haha thank youuuu
u'r the best out of the best! 2 hours lecture won't be comparable to this video.
tks so much
The king! Thanks for making my university life easier!
I'm telling you no joke your a legend sir. Thank you so much. exceptional video
You just explained to me in 5 minutes what I didn't understand in a 2 hours lecture
So condensed and so valuable. Thank you!!
Thank you, Dr. Clifford! You're saving my grade (and sanity) :)
wow i feel like i have had 4 coffees listening to this guy but he did give me the answer.
Thank you! saved my university education & its investments!
Thanks a lot , you just explained in 5 minutes my teachers one hour lecture.
I think it's not too far fetched to say you are one of the best prof that ever lived !
YOU SAVED ME FOR THIS EXAM!!!! THANK YOU
just few mins before i had no idea about taxes and now i understand,, im going to give exam now hope i will do the right thing..thank you so much for you super helpful videos .. i wish i could see it yesterday so i could study more affectively,,anyway thanks very much :)
Mr. Clifford you once again saved me... Thanks... Love from India❤️
another 10/10 video, makes me want to switch my major to Econ honestly.
Thank you so much! Your videos are the best, most engaging and you got the simplest ways for explanation!
Dude.
I have an exame tomorrow and you just helped A LOT!!!!!
Thanks!
This is the most exciting econ I've ever learned
I really thankful for this video , because right now I'm in Taiwan and it is hard for me to listen chinese language.
thank you Professor It is really helpful
1:35 producer pay 1 $ tax and consumer also at 5:08 its its equilibrium that change when demand is elastic which cause the producer to pay more tax
thank you so much. you consolidated my understanding on taxes and DWL
It all makes sense now. Wish I came across this before dropping micro, cause now Ive gotta sit around for round two of it.
+Sahar Nawaz Well, that's ok. Now you will know everything:)
Thank you I was struggling to understand this concept for a while
I really appreciate your efforts! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
most helpful video i've ever watched. thank you SOOO much
Love your videos Great explanation accompanied with great visuals. on the topic of the video on taxes I am a citizen of Canada and many do not feel that taxes are "the enemy" or "dead weight" or "a burden". I know you did not create those phrases but you must realize these terms are biased and loaded. It would be great if you could add a "Springer's Final Thought" to this video explaining that taxes are used for health inspectors that check your restaurants for cleanliness; libraries; snow removal; keeping lakes clean and wildlife monitored/protected. In your video example you talk about milk. Taxes collected should be used to assess the long term health affects of growth hormones or anit-biotics on humans and to advise farmers on how to protect cattle from mad cow disease. Taxes are necessary revenues collected to pay for externalities that corporations do not factor into the price of their goods ie. take away coffee cups and their disposal.
Just a thought from your northern neighbour to help Americans not hate and mistrust government.
you actually help a lot i love you
I love ur explanations the most, always so informative and to the point
does the elasticity of supply also affect how the burden of the tax is distributed between consumers and producers ?
Wait. Doesn't the tax shift the supply curve "up" and not to the left?
Same thing but think of it more as “left”. When you shift the supply curve to the left, the price increases and the quantity decreases. Remember your law of supply
I appreciate your efforts! 🙏 Just a small off-topic question: 😅 I have a set of words 🤷♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
thank you so much for this video!
The best explanation ❤ sir
Love from India
We have years of ap econ soliders in this comments. How many are still alive?
wonderful explained with clover manner for giving the IFs, thanks a lot
YOU ARE ABSOLUTELY AMAZING!!!!
A LIFE SAVER!!!
THANK YOU SO MUCH FOR MAKING ECO SO MUCH EASIER FOR US!!!
Thanks a lot mr.clifford......you helped me a bunch
passing econ because of you!
Dang Mr.Clifford, this is awesome!
Awwww I wish my lecture had been just as this vid. Thank you!
This guy cracks me up. Great way to learn!!
your the best economics teacher.
an hr lec explnd in 5 mins n easily understood ...awesome
self reference!!
1:25 how to see tax]
2:39 gov tax revenue
2:44 dwl
3:22 every explanation
Hi, just wondering, at 2 minutes 34 seconds why is producer surplus there and not a triangle between three, four and the new equilibrium point? Thanks :)
Very good and concise video, but a linear demand curve can't be unit elastic
I'm watching this before my macro midterm. Apparently, this is included in my macro class
This video is indeed awesome
This channel is gold. Thank you so much for your videos!
The area doesn't add up. the area of the rectangle (2*80 = 160) and the two small triangles (2*1*80/2 =80) is greater than the larger triangle
I keep watching this over and over and I'm not understanding where the $3 tax per unit comes from the supply curve 1 to supply curve 2. I get the producers and consumers split taxes, but it doesn't look like it moved $3 worth on the demand curve? Or am I misunderstanding something?
Hi Mr. Clifford, I love your videos, it helps me so much by the way, a quick q, does the government take the total tax revenue?