@@jamlessjimin1552 currently preparing for a midterm and I attend a top 3 MBA program in the US, and have learned a lot from this video in 10 minutes and will definitely help with my preparation.
Don't compare because your professor gave you an introduction to the topic and now this lecture here is complementing the knowledge you gained from the professor.
These videos taught by this man are amazing, clear and simply taught. I find my economics book which I use for class extremely complex (and scary). I have avoided economics my entire life but I need to learn it in order to obtain my Master's degree (Public and International Affairs). The videos on this channel are saving me from failing my Intro to Microeconomics class.
This video was great. I've been struggling along with my textbook trying to get an understanding of indifference curves all afternoon. You just explained it in less than 10 minutes. Thanks!
awesome!! My brain was fried last night and today I woke up with a positive attitude...and looking at this video i'm so happy to say this helped!!! please keep it up!!! awesome!!!!v
This is better than my microecon book, done in ten minutes that most teachers spend a whole lecture on. TH-cam (or some other service) should become an open forum for professors to compete. This video for instance becomes the gold standard for indifference curves. The next teacher is free to try and beat this, ranked by voting and judging. Eventually we'll have a full video suite on microeconomics better than any college. For free. This could work for many subjects.
Yes sir, you have done a tremendous excellent job by elaborating this topic. Which took me one week to try to figure out what the heck was going on! Thank you so much for making life soooooo much easier! Many thanks!!!
No idea what my professor was tring to say about indifference curves and budget constraints. Your video cleared it up...thanks. BTW I have been watching your videos for a couple of years. Very helpful.
You are a god send. You helped me loads through A Level Economics and now you are helping me through my degree. Thanks and continue making great videos.
I'm graduation from TH-cam University. i don't have a fancy degree to prove that I memorised shit I don't understand, but I actually have the priceless knowledge and understanding of practical things.... All for free. Thank you
I have no idea how you explane everything in 10 minutes and my lecturer needs hours to explain. plus, I understand everything here and nothing in the university! thanx a lot!
Man, you're amazing. Come teach at my university. Actually understand the idea of indifference after watching this. Thanks a lot, keep making videos mate!
@MrKingJumbo thanks for getting in touch- as the consumer has more to spend (and their budget line shifts outwards) they choose to use a greater proportion of their extra income on cars. Cars mus have greater income elasticity of demand in my example... pajholden 1 sec ago
when you get an increase of the budget, this cuts the indifference curves in a higher combinations of food and cars,,, but the utility decreases the more you buy any of those items, How does it affect the indifference curves?
Phil, You make economics sound so easy and understandable!! The moment I hear about a new topic in class, I start hoping you have a youtube video uploaded out thr!! Thx a ton!! :)
Thanks a lot. That really helped me but I have one question: Why isn't the path of the way the spending changes linear? You give the example of it bending towards the "cars" and I don't get that.
this is really useful, i've passed my microeconomics 1 exam without knowing this(with bad score but still) and now that i learn the second part, finally I got exact knowledge what the hell the indifference curve is...
So one would assume that the budget line (BL) intersects the indifference curve (IC) only at one point, the point of tangent, and if we equate the first differential of the IC with the slope of BL we will get the points at which they intersect?
Perhaps a silly question -- isn't the PPC conceptually similar to the budget line? If so, why isn't the optimal point on the budget line the midpoint as it is on the PPC?
![30 ชั่วโมงคนเดียว บนรถไฟชั้น 3 โซเวียต [Around The World Ep. 2]](http://i.ytimg.com/vi/MlE9boAVqDA/mqdefault.jpg)
I have learned more from this man in one video than I have from my econ professor all semester.
me too !!!
Linds true m8
@@jamlessjimin1552 currently preparing for a midterm and I attend a top 3 MBA program in the US, and have learned a lot from this video in 10 minutes and will definitely help with my preparation.
Same mate!
Don't compare because your professor gave you an introduction to the topic and now this lecture here is complementing the knowledge you gained from the professor.
I find Economics much more interesting taught in a British accent.
This Guy deserves a medal..
These videos taught by this man are amazing, clear and simply taught. I find my economics book which I use for class extremely complex (and scary). I have avoided economics my entire life but I need to learn it in order to obtain my Master's degree (Public and International Affairs). The videos on this channel are saving me from failing my Intro to Microeconomics class.
Finally, I found something literally useful to understand indeference curve , Thank you sir!
This video was great. I've been struggling along with my textbook trying to get an understanding of indifference curves all afternoon. You just explained it in less than 10 minutes. Thanks!
awesome!! My brain was fried last night and today I woke up with a positive attitude...and looking at this video i'm so happy to say this helped!!! please keep it up!!! awesome!!!!v
Clear as water.The best explanation I've found on the subject. Thank you so much.
you are an excellent human being
This is better than my microecon book, done in ten minutes that most teachers spend a whole lecture on.
TH-cam (or some other service) should become an open forum for professors to compete. This video for instance becomes the gold standard for indifference curves. The next teacher is free to try and beat this, ranked by voting and judging. Eventually we'll have a full video suite on microeconomics better than any college. For free.
This could work for many subjects.
thank you so much! unbelievable how a 10 minute video is more useful than a whole chapter in a book!
Economy was one of the subjects that made me sleep all the time. You've just changed that. Great video. Thanks.
I learnt more in this 9minutes than I did in my 1HOUR lecture! big big thanks!
Thank you! You are excellent at explaining complex problems. I have watched your other videos and found them also to be a life saver.
Good lord, how beautiful these curves are once you get a hang of them. This helped immensely.
You can tell how passionate he is by the way he beats up the chalkboard! I dont recall my professors ever doing that, Paj, your the best!
this man is a genius! love his videos!
wow, it's like making a three-page discussion in a book into 10 minutes but with the same content. thanks for making our lives easier.
Yessss! You explain this so beautifully. I understand indifference curves and the PPF/budget line more now.
Yes sir, you have done a tremendous excellent job by elaborating this topic. Which took me one week to try to figure out what the heck was going on! Thank you so much for making life soooooo much easier! Many thanks!!!
don't have words to express my gratitude for the prof.Great job sir. carry on with the noble job. Everything crystal clear and understood.
I just wondered why did you stop uploading videos, you are so GREAT!!!!
Excellent class I understand everything about ppc
Turns out, the concept is fairly straight forward, thanks
That was really helpful; especially now I'm revising for my exams
Im doing a degree correspondence, so lectures like this are invaluable. You are the best economics lecturer on TH-cam :D
Very good and concise presentation.
Point to point explanation. Live long Professor
No idea what my professor was tring to say about indifference curves and budget constraints. Your video cleared it up...thanks. BTW I have been watching your videos for a couple of years. Very helpful.
You are a god send. You helped me loads through A Level Economics and now you are helping me through my degree. Thanks and continue making great videos.
I'm graduation from TH-cam University. i don't have a fancy degree to prove that I memorised shit I don't understand, but I actually have the priceless knowledge and understanding of practical things.... All for free. Thank you
A million thanks and a million wishing you a great life because this helped me with my assignments.
really amazing 10 minutes approx 3 concepts cleared .. love u sir and God bless you!
Give this man a medal, he explained in 10 minutes what my professor explained in an hour.
I have no idea how you explane everything in 10 minutes and my lecturer needs hours to explain. plus, I understand everything here and nothing in the university!
thanx a lot!
Some more props van Amsterdam. Have an exam next week on micro economics. This vids really are really helping me to comprehend issues better.
Very helpful, particularly your explanation of why indifference curves are convex at 01:53. Many thanks!
Good work, I enjoy your lessons as they are very simple and to the point.
Excellent video, thank you very much. You seem to have an ease to explain concepts logically and clearly which many, many other teachers don't have.
Teachers are amazing; thank you so much for taking the time to do this. As you can see, you have helped many people!
Amazing video, thank you so much!
I'm in an international economics course, but I haven't taken intermediate micro for a year and this served as a really good refresher!
Great job 💡👍
literally got more from this 10 min video than my 2 hour eco lecture cause my lecturer is useless. thanks heaps!
Helpfull for my presentation..thnx
Excellent videos. Well done
very well done. finally, an economist that can teach.
Best explanation I've seen yet, thank you sir.
i wish u were our economics prof in our college.. i would never have failed with a teacher like u .. thanks alot..
Thank you! my lecturer went through this immensely fast and assumed we all understood it just like that, thank you again!
Man, you're amazing. Come teach at my university. Actually understand the idea of indifference after watching this. Thanks a lot, keep making videos mate!
The best explanation I've ever seen about these curves, thank youu.
this is simply superb..i cant belive i am studying for my Grad exams of youtube....
nice work....keep it up...
Whaaaaaaaaay my lecturer isn't this good . Thanx a lot 4 helping me and thousands to understand.
thanks a lot for this lecture.
Excellent Video!👌
very helpful, it help me to understand this topic well
wow you just saved a student on his midterm exam. thank you very much! you have been subscribed
Love this guy, saved me on my last mid term.
@MrKingJumbo thanks for getting in touch- as the consumer has more to spend (and their budget line shifts outwards) they choose to use a greater proportion of their extra income on cars. Cars mus have greater income elasticity of demand in my example...
pajholden 1 sec ago
Thank you so much. I really do hope your an economics teacher, cause you are an amazing teacher.
Thank you! I understand it a lot way better than reading it with so many technical terms in books.
when you get an increase of the budget, this cuts the indifference curves in a higher combinations of food and cars,,, but the utility decreases the more you buy any of those items, How does it affect the indifference curves?
Phil,
You make economics sound so easy and understandable!! The moment I hear about a new topic in class, I start hoping you have a youtube video uploaded out thr!!
Thx a ton!!
:)
hey, thanks.
Another good and interesting video! I'm enjoying these very much.
Great video, thank you for sharing!
such amazing teacher that is why i subscribed
This has shed more light than i thought it would
Such a good teacher. Thanks a lot.
Thank you. Your explanation is impeccable.
Thanks I'm taking Micro online and you've been a great relief.......
You sir have been sent by God!! I really needed this, thank you so much!!
Very helpful :) nice explanation
Excellent, very well explained...
Very helpful..... Thanks a lot,....
All the way from Namibia.
its an excellent explanation
Thank you for making these videos,
Thanks a lot. That really helped me but I have one question:
Why isn't the path of the way the spending changes linear? You give the example of it bending towards the "cars" and I don't get that.
Great. Just started studying this. This video has really complemented the coursework nicely. Thanks a lot. *Subscribed*
Great job, thanks alot sir, you explained it so clearly and gave reasoning to everything you said, great job :)
this is really useful, i've passed my microeconomics 1 exam without knowing this(with bad score but still) and now that i learn the second part, finally I got exact knowledge what the hell the indifference curve is...
So one would assume that the budget line (BL) intersects the indifference curve (IC) only at one point, the point of tangent, and if we equate the first differential of the IC with the slope of BL we will get the points at which they intersect?
Perfect! Clear and precise.
Extremely well explained.
Awesome, very helpful
Incredible! Thanks & appreciation from Amsterdam!
I appreciate for the video
Thank you very much, your videos are superb.
i'll be having my paper tomorrow and this is such a great help. thank you so much!
it was truly awsm
Extremely helpful! merged two of my classes together
A brilliant explanation............thanks a lot :)
Many thanks to you my brother
Perhaps a silly question -- isn't the PPC conceptually similar to the budget line? If so, why isn't the optimal point on the budget line the midpoint as it is on the PPC?
Praise God for you!
hats off to you, thank you for all your hard work!
I learnt more in this 9 minutes than I did in my 1 week of college !
you saved my life thank you so much. very well explained.
awesome...