Economies of Scale and Long-Run Costs- Micro Topic 3.3

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  • เผยแพร่เมื่อ 1 ธ.ค. 2024

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  • @02keizer
    @02keizer 7 ปีที่แล้ว +954

    I love the combination humor and good explanation :)

  • @senecahill7243
    @senecahill7243 8 ปีที่แล้ว +672

    Honestly i learn more in your 5 minute videos than i do in hours of lecture lol. You're getting me through College Econ right now man

    • @maishamahmud9623
      @maishamahmud9623 8 ปีที่แล้ว +3

      hahah sooo true! xD

    • @robbykanyinji6802
      @robbykanyinji6802 4 ปีที่แล้ว +2

      Exactly, lectures take long but we get nothing 😂

    • @reccielarmond5469
      @reccielarmond5469 3 ปีที่แล้ว

      This is sooo true😊😊

    • @alinasmom065
      @alinasmom065 2 ปีที่แล้ว +1

      Yes!! He makes it relatable! I created a discussion board in my micro class and shared his video, professors should reference his works more often!

    • @TheStrangeMan13
      @TheStrangeMan13 2 ปีที่แล้ว

      this is your economics in college? lord i wish i was there, im learning this as a 16 year old lol

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    @risyaryandy4723 9 ปีที่แล้ว +840

    that moment when i already spend an hour to figure out the book and ended up took only less than 5 min to understand by watching this video

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +102

      +Risya Ryandy Sorry for the wasted hour, but I'm glad that I could help you.

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      @oabilewmatseke684 8 ปีที่แล้ว +22

      haha white folks are so nice!! i mean you can just apologize for something you didnt do!.. but anyway this video was a lot of help and brought new light,, thanx for being so lively.!!!! other than other lame vids

    • @shubamsharma7359
      @shubamsharma7359 8 ปีที่แล้ว +2

      me too really the for this video

    • @cinderelladavenport5848
      @cinderelladavenport5848 8 ปีที่แล้ว +1

      Risya Ryandy

    • @kaiju_787
      @kaiju_787 7 ปีที่แล้ว +1

      Same here. Best explanation ever for a subject that my level of dominance is low: MICROECONOMICS.

  • @christiancamp1401
    @christiancamp1401 5 ปีที่แล้ว +34

    So let me get this straight: you're amazing at teaching AND you have great humor? This must be impossible.

  • @dextermorgan7449
    @dextermorgan7449 8 ปีที่แล้ว +120

    "The Long run average costs fall as more output is produced"
    I think that's a good enough answer for my exam. Thank You!

    • @ProgrammingKnowldges
      @ProgrammingKnowldges 7 ปีที่แล้ว +9

      u are wrong..the long run average cost can increase as more outputs are produced..This is called Diseconomies of Scale..

    • @DTSemaphore
      @DTSemaphore 6 ปีที่แล้ว +9

      i think he meant as a definition for economies of scale

  • @alangarcialand
    @alangarcialand 9 ปีที่แล้ว +401

    You saved my semester.. I wish you were my professor. Keep doing videos!

    • @alangarcialand
      @alangarcialand 9 ปีที่แล้ว +39

      BTW.. You earned my first and probably last comment on youtube.

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +55

      +Alan Garcia Thanks Alan. I really appreciate it

    • @DouglasA26Invader
      @DouglasA26Invader 2 ปีที่แล้ว +10

      @@alangarcialand it's been 6 years.... How you guys doing?

    • @stopthecap4317
      @stopthecap4317 2 ปีที่แล้ว +6

      @@DouglasA26Invader Looks like he kept to his word

    • @lucifeers3219
      @lucifeers3219 2 ปีที่แล้ว +1

      @@stopthecap4317 indeed

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    @godzilla16der93 7 ปีที่แล้ว +28

    Dude, you make economics look so easy. I always get tired from economics or from reading my college textbook, but you always make the material interesting. I subbed just for you dude, please continue teaching the way you do. I hate economics, but you both teach it well and make it amusing, while at the same time sticking straight to the point of the concept. Thank you!

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    @wrecklessfilmsofficial 4 ปีที่แล้ว +7

    I was reading 3 chapters used for Unit 3 and couldn't wrap my head around it. In a matter of 20 minutes of your videos, I understand the whole unit very well. You saved me legitimately a day full of reading. Thanks Mr. Clifford.

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    @hopeandsprite5101 2 ปีที่แล้ว +7

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  • @hiteshdora4383
    @hiteshdora4383 4 ปีที่แล้ว +5

    This channel is one of the most interesting economics channels..
    Thanks Jacob Clifford for giving relatable examples

  • @cinderelladavenport5848
    @cinderelladavenport5848 8 ปีที่แล้ว +1

    You are absolutely amazing. I couldn't have passed Macro with you and I have a 98% avg half way through this Micro class. I have you to thank for it Mr. Clifford. Your enthusiasm and energy help keep me interested and you have a way of explaining an entire chapter in less than 5 mins. Thank you!!!!!

  • @icarlyy
    @icarlyy 4 ปีที่แล้ว +4

    I don't think I could get through my Economics courses without your videos! Seriously so helpful and all of the examples/applications add more substance to the concepts. Thank you a million!

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    @jesslocd 8 ปีที่แล้ว +217

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    @kevin2855 2 ปีที่แล้ว +2

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  • @maryobilor4434
    @maryobilor4434 ปีที่แล้ว +2

    AP Videos could never. Thank you Mr. Clifford!

  • @elieogr.246
    @elieogr.246 4 ปีที่แล้ว

    Explained in 3:54 what my teacher struggled to explain in two hours.... and I go to a top school. Says a lot. Thank you and keep up with the awesome content!!

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    @postnubilaphoebus96 6 ปีที่แล้ว +2

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    @pamwendt2273 6 ปีที่แล้ว +1

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  • @heidiwang2849
    @heidiwang2849 8 ปีที่แล้ว +1

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    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว

      +Heidi Wang Heidi, thank you. I'm glad I could help.

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    @flakeyclaps2246 ปีที่แล้ว +3

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    @maxwelnooyen3745 3 ปีที่แล้ว

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    @lizapoblete2012 7 ปีที่แล้ว

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    @lukebambrick9453 6 ปีที่แล้ว +2

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    @gunjanjain3126 5 ปีที่แล้ว +1

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    @user-bl6zn2is1u 8 ปีที่แล้ว +2

    I have learned more from your videos than I have all semester. Thank you for saving my final ECON grade.

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    @lilyshamanova5941 8 ปีที่แล้ว

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  • @THE______TRUTH
    @THE______TRUTH 9 ปีที่แล้ว +1

    I'm taking microecon I stopped going to class because my professor was boring. You make this class easy to understand and a lot more fun. I'll make sure to tell others about your channel. :)

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +1

      +The Truth I'm glad that you like the videos, but don't forget that you paying for that class. Might as well go :)

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    @ryangrawe4184 8 ปีที่แล้ว +1

    You explain things in a way that my professor cannot. Thank you!

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    @nezcoin 11 หลายเดือนก่อน

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    @MrWasfield 8 ปีที่แล้ว +1

    Thank you! my micro economics teacher does a decent job of teaching the material but I can't seem to completely always remember it, and your videos are really useful to re-light that light bulb in my brain, and is much more efficient than notes. thanks so much !!!!!

  • @documentaryonly
    @documentaryonly 3 ปีที่แล้ว +78

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      @shady1515 7 หลายเดือนก่อน

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      Writing jamb tomorrow

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      @owens_dev 7 หลายเดือนก่อน

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      @pirate_thatcher 6 หลายเดือนก่อน +1

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      @365DK 6 หลายเดือนก่อน +1

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      @ddxd17 6 หลายเดือนก่อน

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  • @mostafaabdelnasser8969
    @mostafaabdelnasser8969 8 ปีที่แล้ว

    am sure who dislike this video are our professor ,
    because most of them cant explain like that ,
    actually am graduate from commerce college and have master in business and never hear one explain like you ~ Great

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว +1

      +Mostafa abd elnasser Thanks I'm glad that it makes sense:)

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    @tasneemvanrooy9241 ปีที่แล้ว

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    @elisej9365 4 ปีที่แล้ว

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    @simultaneouslysarah 5 ปีที่แล้ว +5

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    @thusotsotetsi2319 2 ปีที่แล้ว

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    @dimenadimitrova4522 5 ปีที่แล้ว +7

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    @devangigoyal2765 3 ปีที่แล้ว

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    @catunicorncookies3904 3 ปีที่แล้ว

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    @VicSMeIsTeR 5 ปีที่แล้ว +3

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    @22D011AROCKIAVIMALJAPSONA 10 หลายเดือนก่อน +2

    I am greatful to you sir.. your vdos are best source to my exam prep

    • @JacobAClifford
      @JacobAClifford  10 หลายเดือนก่อน

      I'm glad I could help. Thanks for watching.

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    @JBHtown1646 2 ปีที่แล้ว

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    @ZorikBedrosian 7 ปีที่แล้ว

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    @tshephangmajafa 6 ปีที่แล้ว +1

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    @thangduong7117 8 ปีที่แล้ว

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    @rodneychilufyakanyense4916 7 ปีที่แล้ว +1

    Great!! understood the concepts waaay better than i did in class. way to go man!!

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    @sthandiwemnguni6449 2 ปีที่แล้ว +3

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      @ashishrana2830 9 ปีที่แล้ว +2

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    @KarlaLopez-pc1wt 8 ปีที่แล้ว +15

    I am studying for my CFA level 1 and the economics chapter is so boring and with so much information. I am so glad I found you :-) You are making me understand in minutes what I am finding so boring and difficult in 60 pages ha ha ha :-) eternally grateful!

    • @abdullaalturabi6526
      @abdullaalturabi6526 6 ปีที่แล้ว

      hey, i know i'm relying 2 years later lol but i hope u can give me some info about the cfa exam. so i will start my cfa 1 course on 2 weeks from now, and i wanna know how complex are the subjects. obviously i saw the syllabus and everyting else, but there are things that i've never took in university while studying banking and finance such as bayes theorem , technical analysis and the patterns, ethics, and even economies of scale. also, i forgot 90% of what i studied in university. so would u say it will be difficult for me to start the cfa with let's say 0 knowledge in finance? so basically will they explain everything from scratch? p.s. our cfa course is from the kaplan material.

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    @bryanbernal3112 2 ปีที่แล้ว +1

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    @Zig24-a1 7 ปีที่แล้ว

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    @OluwalonimiOnipede หลายเดือนก่อน

    You are helping me make sense of my econ classes. Thanks a lot.

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    @yunningqiu8458 7 ปีที่แล้ว +3

    I love how things just become so simple in his 3 minutes.

  • @esraaalnaqeeb4811
    @esraaalnaqeeb4811 5 ปีที่แล้ว

    I took forty minutes to understand the concept of economies of scale at school but.. a lot thanks to you Jacob

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  • @JessicaEBowen
    @JessicaEBowen 2 ปีที่แล้ว

    Mr Clifford, your videos are such a help to me and my students! Thanks!!

    • @JacobAClifford
      @JacobAClifford  2 ปีที่แล้ว

      Glad I can help. Say "Hi" to your students for me

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    @abhyudaytripathi5645 6 ปีที่แล้ว

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    @ArefinDipto 6 ปีที่แล้ว

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    @shwetas_buddiesrock722 5 ปีที่แล้ว

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  • @ismaelnietocampos4208
    @ismaelnietocampos4208 9 ปีที่แล้ว +1

    this is probably one of his best explanations

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +1

      +ismael nieto campos I'm glad it make sense.

  • @user-bb3ci3gn7s
    @user-bb3ci3gn7s 5 ปีที่แล้ว

    3 minutes 54 seconds well spent :) Thanks Mr. Clifford

  • @amanimbale
    @amanimbale 3 ปีที่แล้ว +1

    Thank you sooooooooo much for making these concepts approachable--you have save us so much precious time in wrangling economic ideas--so appreciated!!

  • @brendan9822
    @brendan9822 8 ปีที่แล้ว +1

    Explained one chapter in four minutes. Thank u!

  • @poonamchopra4223
    @poonamchopra4223 5 ปีที่แล้ว

    the concept on which i would spend 5 hrs to explain myself was explained by you in 5 mins, i feel like crying, thank you so much

  • @JoyCrown
    @JoyCrown 9 ปีที่แล้ว +4

    this is awesome!! so happy I discovered this! I'm reviewing for my exam and so many light bulbs lit up as I saw a bunch of your videos, thank yo so much!!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +1

      +Haset Aklilu You are welcome. Please share my videos with your friends:)

  • @joshuaneely182
    @joshuaneely182 4 ปีที่แล้ว

    Jacob, not gonna lie, this econ test imma bout to take here, no w's will be posted in the chat. I really appreciate the help with this. God speed to you 🙏

  • @hippopajamas
    @hippopajamas 5 ปีที่แล้ว +11

    Thank you for forcing my non-econ-major brain to finally understand this concept.

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    @ruachnzurum4964 6 ปีที่แล้ว

    This made my notes 100x easier to understand. Thankyou so much

  • @ABC2691
    @ABC2691 6 ปีที่แล้ว

    It is fascinating to see how you combine logical sense, humour and lucidity with such intricate theories and the outcome of it is that a dumb guy like me is able to understand thoroughly. Hats off to you Mr. Clifford!

  • @preyankersyed2278
    @preyankersyed2278 9 ปีที่แล้ว +1

    Missed majority of the classes at the uni because of illness. Was felling helpless till i saw your videos. so helpful man. Really appreciate your way of teaching. Final exam tomorrow. hoping for the best.
    thnx again. :)

  • @LandlordNebula
    @LandlordNebula 7 ปีที่แล้ว

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  • @rashigarg8323
    @rashigarg8323 6 ปีที่แล้ว

    You just saved my semester sir... I was too afraid for my econ exam before going through your videos..and now I feel confident. The way you teach and the way you keep the students involved is remarkable.

  • @mariamihab
    @mariamihab 3 ปีที่แล้ว

    Thank you for doing my professor's work for her in under 5 minutes.

  • @Comoesthaa
    @Comoesthaa 4 ปีที่แล้ว

    Thank you so much! I had a hard time understanding this topic but this video made it super easy

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    @mimiworld2101 3 ปีที่แล้ว +1

    I got 60 for last exam...next exam is next week. My friend told me to study with TH-cam and I think I can study with this amazing video not to fail. This is much more understandable than reading book... wish me luck on the next exam...

  • @kylabiancamamites5352
    @kylabiancamamites5352 3 ปีที่แล้ว

    This video was very well explained, brief and direct to the point. The intro was also very catchy. :)

  • @angeldelrey1
    @angeldelrey1 6 ปีที่แล้ว

    Thank you, humor makes it easier and your explanations are GREAT

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    @FalseZer0 4 ปีที่แล้ว +1

    I am taking engineering economics with no economics background... Sir, your videos makes it easier to not to fail this subject and ruin gpa.thanks a lot

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    @sarahholloway9928 9 ปีที่แล้ว +3

    Your videos are so helpful! You put things so much more clearer than my economics teacher!
    Thank you :)

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +1

      +Sarah Holloway I'm glad that I was able to help. There is more to come.

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    @clickbaitpolice9792 8 ปีที่แล้ว

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  • @abdulazizkwakudaniel2502
    @abdulazizkwakudaniel2502 5 ปีที่แล้ว +2

    Soo amazing .something which I struggle to understand when reading my lecture note in hours,days and weeks it take me only five minutes to get all thanks soo much🙏🏼🙏🏼🙏🏼keep us busy by producing more videos😘😘😘

  • @itzzxavii430
    @itzzxavii430 4 ปีที่แล้ว +1

    Me trying to learn about economies of scale:
    TH-cam: You should first watch this ad on this browser game
    (PS Your explanation and delivery was amazing, keep it up!)

  • @MajorasMaskMailman
    @MajorasMaskMailman 9 ปีที่แล้ว +2

    I remember hearing about economies of scale when I was in macro, but I never understood it until now. I really liked the examples used in this video. Very interesting.

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว

      +MajorasMaskMailman Thanks. The classic example is an electric company but that's kind of boring:)

  • @mannatkalra7174
    @mannatkalra7174 3 ปีที่แล้ว +1

    Understood the concept instantly! Great explanation! Good job👍

  • @nitinkrishnagupta6965
    @nitinkrishnagupta6965 6 ปีที่แล้ว +1

    a very impressive way of teaching.. thank you so much, sir

  • @rylanfersieck2171
    @rylanfersieck2171 6 ปีที่แล้ว

    i cant stress this enough you are saving me in college right now, my micro teacher is a cool guy i like him, but so far first semester of college his class is by far my worst class and my worst teacher I like him as a person hes cool and funny but as a teacher he is just bad, hard to understand, and hard to follow, you make this so much easier, I have an exam today in the class, and I got five hours until then to study and already this one video has helped me immensely

  • @clarkianturner
    @clarkianturner 5 ปีที่แล้ว

    best dame econ teacher ever.... the book i use is so confusing this is so easy to understand

  • @saoriu2086
    @saoriu2086 9 ปีที่แล้ว +2

    I love your teaching! Thank you so much for making these perfect lesson videos!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว

      +Saori Usui You are too kind. DO you have any suggestions for the next topic?

    • @saoriu2086
      @saoriu2086 9 ปีที่แล้ว +1

      I am not sure if you already explained other videos, but I have hard time to understand the concept of economic efficiency. I cannot understand 100% starting off the relationship allocative efficiency and PPB and efficiency and market failure.
      Do you have the videos that explain these points?

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว

      +Saori Usui Yes, noted. I need to make another video explaining that. I did make an econmovies explaining efficiency and externalities. Check it out: th-cam.com/video/FBjFDtH-iZM/w-d-xo.html

  • @parusboghani7998
    @parusboghani7998 3 ปีที่แล้ว +1

    First 5 seconds in... Twilight, The Lord of The Rings, and of course, Harry Potter. I went to subscribe just from that and forgot that I already was subscribed lol. Thank you for your videos, I appreciate you.

  • @haritkrishan947
    @haritkrishan947 8 ปีที่แล้ว +1

    Sir, I would like to thank you for all your videos. They are very thorough and straight to the point. I wish you were my Economics teacher :)

  • @melanieotsu2589
    @melanieotsu2589 5 ปีที่แล้ว

    Read the same two paragraphs in a book for 40 minutes and didn’t get it until I watched this👏🏾🙌🏾👏🏾🙌🏾

  • @sophiemccrory962
    @sophiemccrory962 ปีที่แล้ว

    omg wait I love you. You explain it so much better than my professor.

  • @clau83938
    @clau83938 4 ปีที่แล้ว +1

    you actually make learning fun! that classifies as a superpower in my book. Thanks!