I find that these videos are better for review than for learning new concepts, as my micro course textbook is _way_ better at teaching underlying concepts than just "MR is here, ATC is there, here's DWL, etc etc".
Your videos are SO helpful! Compared to 3 months of lectures and seminars (and a textbook which I never read) I've learnt a lot more from your videos. It's enabled me to be confident about the area of study and participate in class. Thanks muchly!
I literally cannot understand my teacher during lectures, they have a very heavy accent. While I'm usually great with accents I have never quite been able to perfectly understand theirs. So I've taken to just skipping the lectures and watching these videos. I understand these so much more than the lectures! Plus I'm doing much better than most others in the class. Thanks for making these! :]
it is 3 am in the morning as i am studying for my economics exam tomorrow. The way you explain is wonderful ......It really helped me THANKS:-)..........
I am so confused! How about when a market has a high anti dumping Tariff, is it still called Monopolistic Competition even though there is an obivous barrier now? Or is it oligopoly? Studying Brompton in the folding bikes market
Can you help me decide what type of industry should i make a market structure with? I'm really having a hard time to decide on which particular industry should i go with. Can you suggests me any products or services? Thanks in advance!
Love your videos! :) However, I still do not understand what the incentive is for monopolistic competitive firms to continue in the market, if in the long run, they only breakeven.. Help please x
By breaking even, they cover all of their direct costs, AND they cover their indirect costs - that is, they earn enough to pay for their rent, their payroll, and their materials, AND they pay themselves an amount equal to their opportunity cost (they take home enough to just cover the next-best alternative use of their time).
Thanks for the video? Can I just ask why firms in monopolistic competition will not choose to compete on price? Since demand is fairly elastic, won't a decrease in price automatically lead to proportionally larger increases in revenue? Thank you!
I agree that she teaches well but I also agree to the fact that no prof. talks gibberish the whole semester . It's all about mood , maybe we were not interested in listening to them then or just lived in the hope that we would cover the topic in future from her videos.
thank you so much, you are very helpful! i think if there was subtitles it would be more good! because i think reading what your speaking stays in our heads more :)!
worth mentioning, the 3 types of pricing for monopoly when comparing. Here, there is an assumption that it is a pure monopoly which seeks to maximize profits, MC=MR.
Yes, pi is profit -- the English language "P" is already used for price, so economists moved on to the Greek alphabet... it is just profit, normal or otherwise.
I felt that she didn't provide a sufficient explanation for long run break even. Rather than demand curve falling and MC firm 1 not doing anything... : 1. Monop Comp firm 1 makes profit in short run 2. Firms enter due to envy 3. Demand curve falls for MC firm 1 4. MC firm 1 spends more on differentiating product 5. Thus, ATC for MC firm 1 shifts UP. 6. MC firm 1 goes from profit to break even. Therefore no economic profit in long run for Monopolistically Competitive firm.
It's purely your voice and those awesome drawings that makes your video appealing...i don't particularly like that fat man talking with a blackboard and colored chalks on other youtube vids... you have a differentiated product hehehe :P and just got yourself a "loyal customer"...
I could learn much more in 1 hour watching your videos than a whole 4-month semester listening in class...
I find that these videos are better for review than for learning new concepts, as my micro course textbook is _way_ better at teaching underlying concepts than just "MR is here, ATC is there, here's DWL, etc etc".
It's like a review, I bet that class would explain it more.
Maybe, can't get a degree howerver.
Khanh Canh
It’s been 4 years you still around
That's because you chose to pay attention this time :)
In two hours I shall sit the Leaving Certificate higher level economics exam. YOU have ensured I pass. Much. Much. MUCH love.
My college quiz score on this particular subject increased from 30% correct to 70% just by this one video. Thank you SOOOO MUCH!!!
I love you woman my test is in 20 minutes and I couldn't wrap my head around this THANK YOU!
She has such a lovely voice I can't help but binge watch all these videos
Second best channel after Jacob Clifford
So helpful. Combining these videos with my assigned reading sure helps me wrap my head around these concepts and topics.
Your videos are SO helpful! Compared to 3 months of lectures and seminars (and a textbook which I never read) I've learnt a lot more from your videos. It's enabled me to be confident about the area of study and participate in class. Thanks muchly!
Vortiz, excellent.
i have been using your videos with my own students, i speak for all of us when i say thank you, you do amazing work, keep it up
I literally cannot understand my teacher during lectures, they have a very heavy accent. While I'm usually great with accents I have never quite been able to perfectly understand theirs. So I've taken to just skipping the lectures and watching these videos. I understand these so much more than the lectures! Plus I'm doing much better than most others in the class. Thanks for making these! :]
you give me hope! i am so going to pass my tests now that i've found this channel
it is 3 am in the morning as i am studying for my economics exam tomorrow. The way you explain is wonderful ......It really helped me THANKS:-)..........
Digvijay Singh
It’s been 5 years what u doing now
@@opnode9962 it’s been 2 for you how’s life
its only 11:40 but im also studying for my economics exam tomorrow and this video and this account are absolute godsends. hope you did well on yours!
This is so helpful! Incorporating animations really generate a sense of intrest!
Great Job! :)
THE BEST MONOPOLY VIDEO I'VE SEEN SO FAR, THANK YOU! :))
You just saved my grade. thank you...
I really love watching this video. This has indeed helped me a lot! Thanks so much for your help!
This is a great video! Your illustrations are great and the explanation is perfect. I'm going to watch some more of your videos.
much better than trying to understand what the hell the professor is talking about !!!!
Very well explained.✨
Thanks to you I aced my econ final.
That's what's up!!! Great visuals
Thanks for the video! It was helpful:) love the use of pictures!
my final is tomorrow!! why didn't i find u earlier?? haha THANKS it was really helpful :D
great!! I love it.... I learned a lot.. It make me see more clear. it was like magic...
Can this also be referred to as imperfect competition, great video!
I am so confused! How about when a market has a high anti dumping Tariff, is it still called Monopolistic Competition even though there is an obivous barrier now? Or is it oligopoly? Studying Brompton in the folding bikes market
Can you help me decide what type of industry should i make a market structure with? I'm really having a hard time to decide on which particular industry should i go with. Can you suggests me any products or services? Thanks in advance!
Awesome video... how did u guys made this video??
this helped me a lot on my econ homework thanks and I will subscribe
Thanks a lot! I needed someone to break this down for me :)
Thank you, simple clear explanation :)
When you talk about the firm losing money, breaking even, etc. are you equating economic profit and loss with accounting profit and loss?
Thank you! You make this sound very simple.
Love your videos! :) However, I still do not understand what the incentive is for monopolistic competitive firms to continue in the market, if in the long run, they only breakeven.. Help please x
By breaking even, they cover all of their direct costs, AND they cover their indirect costs - that is, they earn enough to pay for their rent, their payroll, and their materials, AND they pay themselves an amount equal to their opportunity cost (they take home enough to just cover the next-best alternative use of their time).
Thanks for the video? Can I just ask why firms in monopolistic competition will not choose to compete on price? Since demand is fairly elastic, won't a decrease in price automatically lead to proportionally larger increases in revenue? Thank you!
what did you use in making this video? hoping for your response thank you :)
I really like ur videooo. So much easy to inderstand the economy concept.Thanks for sharing;))
I agree that she teaches well but I also agree to the fact that no prof. talks gibberish the whole semester .
It's all about mood , maybe we were not interested in listening to them then or just lived in the hope that we would cover the topic in future from her videos.
your drawings are so helpful,and I am going to use that same in my project 😎😎😎
the pi (TT) symbol means normal profit right? or abnormal? or is there no differentiation in this?
your videos are so good thank you
wow, really nice video!!!
This is the 2nd time this video is helping me!
thank you so much, you are very helpful! i think if there was subtitles it would be more good! because i think reading what your speaking stays in our heads more :)!
You make the best economics videos, its a shame you dont make more.
worth mentioning, the 3 types of pricing for monopoly when comparing. Here, there is an assumption that it is a pure monopoly which seeks to maximize profits, MC=MR.
Marginal Revenue is less than Demand. How would you explain this? (BTW, thank you so much for your videos.)
Great video!! Thank you :))
where did you get the sources?
Yes, pi is profit -- the English language "P" is already used for price, so economists moved on to the Greek alphabet... it is just profit, normal or otherwise.
thanku dear , u made my day
i need a transcript of this..
I felt that she didn't provide a sufficient explanation for long run break even.
Rather than demand curve falling and MC firm 1 not doing anything... :
1. Monop Comp firm 1 makes profit in short run
2. Firms enter due to envy
3. Demand curve falls for MC firm 1
4. MC firm 1 spends more on differentiating product
5. Thus, ATC for MC firm 1 shifts UP.
6. MC firm 1 goes from profit to break even.
Therefore no economic profit in long run for Monopolistically Competitive firm.
Thank you!
THIS IS SO CUTE! Thanks!!!!!
faham dr
Thanks you so much!!!!!
try playing this with Gaga's Judas. very good soundtrack!
I don't get it
Is this not imperfect competition ?
It helped me a lot
thanks a lot this help A LOT! :D
Thanks alot
It was also added on the date of my birthday
This is excellent, mjmfoodie
This was quite an old video, old comments.
Great
Brief and basic explanation without all those deep terms which i dun understand. =) thats enough for my so called "minor" subject tat im taking =)
Can I have the slides urgently, please?
It's purely your voice and those awesome drawings that makes your video appealing...i don't particularly like that fat man talking with a blackboard and colored chalks on other youtube vids...
you have a differentiated product hehehe :P and just got yourself a "loyal customer"...
I think you're my new found love
Goddess.
its not monopoly...
I love you. I love you.
ok
4.06 looks like a shark
MARRY ME!!!
the
This is extremely helpful! I love you lady marry me ??