Honestly, you should never stop making these videos until you've covered every aspect in the entirety of economics. You explain these concepts far better than the professionals who get my tuition money!
Finally I understand. I can not thank you enough how much you have helped me throughout my studies. You are an absolute legend. Thank you ever so much. I actually love you Sir :)
Sir. I can't tell you how much I enjoy your videos, mainly because you clarify presisely ALL the complicated aspects of each and every subject of microeconomics. I thank you !!!!!!!!
Paj you are an absolute legend. I love your enthusiasm for the subject and the very concise, precise and accurate way you describe things that are often over-complicated by text books. I wish my teacher was more like you, keep it up.
Sir, you are the positive externality to me and my country for your remarkable presentations and knowledge. I benefit from you whilst my society too. The views are not remarkable, you are remarkable!
Yes I would have to agree with everyone else. My class is online but if I would ask my teacher to explain it, I would never understood it since I learn better by see it and hear it than just read it from the book or notes. Thank you very much!
Splendid and immaculate explanation, sir. Your enthusiasm is unmatched and the method of your teaching is extremely impressive. Thanks for the good lesson.
Thank you for your detailed explanation! It's very clear and precise! Very helpful! I wish I had watched your video before my exam today to clarify my misunderstanding on externalities
hahah watched this video before writing paper 1 may 2014. When i saw question 1 in my exam (benefits of consuming education) the $.$ signs lit up in my eyes :D i knew i struck gold. Thank you so much!
Thank very much sir for a great sharing. Could you please share more on how to correct "Missing Market" which is one among other types of market failure?
I'm a grad student (MBA) and I must say - many of your videos have been so helpful - many times better explained than the explanation that I got from lecture. I sincerely thank you.
It is absolutely amazing how good your videos are! I was watching this video when doing the IB three years ago. Now I use it to get the basics for my last exams in my economics bachelor... :D
I have just started my AS course and unfortunately I have 2 very poor teachers for Economics. You have just become my 3rd (and by far the best) teacher. I have just recommended you to the rest of my class and all we have to say is your videos are nothing short of brilliant. Many many thanks!
hi! I really like your explanations, they are very clear . could you please do one example on corrective taxes and costs externalities ? God bless you.
Brilliant, Mr. Holden! Very helpful. My econs teacher knows nearly nothing, and the book's description of the graphs is a bit too vague. This will really help me for my A level prep. Thanks again!
Tertiary education: $20,000-$60,000 (avg) Cost of viewing 1 TH-cam video: ~$0.04 Getting a distinction on an assignment because this guy's a legend: Priceless. Your externalities videos taught me more in 16 minutes than my lecturer could have in 2 hours.. Much appreciated, your videos are fantastic, keep up the great work!!
fantastic video's I have been watching them for roughly a couple of years now, they really clear up where the lecturers make a mess. thanks for the time.
Your videos are brilliant! saving my economics a level and might help me get that A I need to get into Cardiff Uni! Thanks so much! I've spent hours reading through textbooks and revision guides, and that 10 minute video made more sense than all of the reading put together!
Hi! Glad to see you back, I've found all your videos very helpful in my studies of Economics. I hope you post more videos on macroeconomics and government policy :D Much appreciated for your efforts.
It was sooo helpful!! Thank you for the video! Keep making videos! I've been watching lots of videos but yours is the best one which really cleared up my confusion and gave a better understanding!
Perfect amount of information given, nothing more, nothing less. I love the simple yet fulfilling knowledge this quick vid provided. You sir, just earned yourself another subscriber :D keep up the good job.
Usually when something like this comes up in a textbook my mind won't let me learn it but the way you explain it...I don't go away thinking choosing economics was the worst choice I've ever made :)
Wish i found your channel when i first started studying economics! No exaggeration here though YOU HAVE SAVED ME A LOT OF PANIC AND STRESS! So thanks Paj you cool guy
Great video! I was, however, just wondering why the MPC/MSC line doesn't depict the 'U' shape at the beginning. My textbook suggests the law of diminishing returns would create this shape. In my exam would I loose/gain marks on my diagrams for including this?
I watch a lot of your videos and they really help me clearly, i can understand a topic so quickly by watching you. Please never stop making these videos. Come back to the UK as well.
The example of paying higher taxes as social benefits only works if there is a progressive tax. I would say that getting an education contributes in increasing the total output of an economy as there are improved factors of production (labour). But great videos. The accelerator was really helpful as the textbook versions were a little bit complicated
Paj, love your videos. A quick question - shouldn't the DWL due to the second market position be a little lower accounting for the lower MPC curve? Regards
resitting my AS Markets in Action paperafter an unexpected poor grade. Wish i had been told abut these videos before then. They are really helping me with understading. Just out of interest are you videos course specific? just that I am doing OCR economics and wouldn't want to start writting about stuff that i'm not supposed to know. Thanks!
Hi, Im an AS student studying Economics, I really enjoy watching your videos I think they are very helpful and useful, I understand more from your videos than in class. I would like to know if you have one which is about price Mechanism I am quite confused with this topic and if not then I think you should make one for all the people that needs it and has difficulties with it. thanks =).
The crux here is at 3:07 -- "Let's assume that there are no external costs." ==== If there are external costs -- e.g. opportunity costs b/c people & companies don't have the wealth taken from them by gov't to pay for the extra "social benefits" -- then you'd have to count that into your calculations before claiming that "the market failed." ==== Also, will the gov't use the wealth as efficiently? Might there be a relative loss of wealth to the country by channeling it through gov't?
at 7:15 , when the government introduced subsidy to lower the marginal private cost, doesn't it create a new equilibrium between the marginal social benefit and the new marginal private costs, hence creating a new social optimal level of production. Doesnt this keep the gap between the market optimal level of production and the 'new' social optimal level of production the same.
Thank god I found someone who can explain something so complicated and dry in an accessible manner. Thank You!
hahaha...i like the ending...u taught the overall concept pretty awesomely...
More than 8 years later this video (as well as the other ones you made) are still helping people. Brilliant explanations. Thank you so much!
Honestly, you should never stop making these videos until you've covered every aspect in the entirety of economics. You explain these concepts far better than the professionals who get my tuition money!
I got it! I've been struggling with this for 6 months but now I've got it. Thank you.
I just started watching your videos as a grad student and they explain concepts far better than my professors. Thanks!
Finally I understand. I can not thank you enough how much you have helped me throughout my studies. You are an absolute legend. Thank you ever so much. I actually love you Sir :)
Sir. I can't tell you how much I enjoy your videos, mainly because you clarify presisely ALL the complicated aspects of each and every subject of microeconomics. I thank you !!!!!!!!
Examm tomorrow- i'm so glad i finally understand this- THANKYOU!!
Haha not the only one doing last minute revision for tomorrow! Good luck :)
Henry Savage same haha
Isis Violet Pearl Dorian Here with you mate. I'm fucking terrified for tomorrow's exam though!
Haha hope we all did well then
I live in Fiji and found your video so easy to understand and fun to use - thank you very much for the help !
Paj you are an absolute legend. I love your enthusiasm for the subject and the very concise, precise and accurate way you describe things that are often over-complicated by text books. I wish my teacher was more like you, keep it up.
Sir, you are the positive externality to me and my country for your remarkable presentations and knowledge. I benefit from you whilst my society too. The views are not remarkable, you are remarkable!
Yes I would have to agree with everyone else. My class is online but if I would ask my teacher to explain it, I would never understood it since I learn better by see it and hear it than just read it from the book or notes. Thank you very much!
You are a Life Saver! God Bless You Sir.
Splendid and immaculate explanation, sir. Your enthusiasm is unmatched and the method of your teaching is extremely impressive. Thanks for the good lesson.
Thank you for your detailed explanation! It's very clear and precise! Very helpful! I wish I had watched your video before my exam today to clarify my misunderstanding on externalities
Your excitement about teaching is shown here. This excitement makes economics so much more interesting! Thank you very much! Job well done!
Just shared your video with my classmates before the exam and everyone loved it! Thank you so much!
I just want to say: You make Microecenomics so much easier to understand :)
If you reply me after 10 years it would be amazing
Can you do it ?
Guess no 😕
hahah watched this video before writing paper 1 may 2014. When i saw question 1 in my exam (benefits of consuming education) the $.$ signs lit up in my eyes :D i knew i struck gold. Thank you so much!
you have saved my life!! thank you for being an AMAZING teacher!!!
Thank very much sir for a great sharing. Could you please share more on how to correct "Missing Market" which is one among other types of market failure?
very nicely explained .... thank you very much professor ....
Very clear and sharp explanation: you transformed my grey zone to more white picture thank you !!!
thank you for make me understand...God bless you!
Really a very good way of delivering the concepts. It is very clear. Keep the good work :)
man you explained that so well...its always great to see someone master their craft
Really helpful before my exam Thanks man!
pajholden you're doing a great job really understand the concepts. Very helpful for revising. Thank you!
your exampls told me the story....amazing teaching sir...! Pls help us more...
I'm a grad student (MBA) and I must say - many of your videos have been so helpful - many times better explained than the explanation that I got from lecture. I sincerely thank you.
Indeed very helpful! You've taught me in 10 minutes what my lecturer tried to do in 4 hours! Thank you very much.
You have nailed this. Incorporated everything I needed.
Thank you so much👏🏾🙌🏾
Incredible! Exam tomorrow, great bit of last minute revision :)
I've learned more from you in ten minutes than I have in a semester worth of going to lecture. Thank you so much you have helped me tremendously.
aww, bless! thank you for an easy, fun and inspiring explanation of this!
you are the best!
you made it so much interesting and easy to understand.
It is absolutely amazing how good your videos are! I was watching this video when doing the IB three years ago. Now I use it to get the basics for my last exams in my economics bachelor... :D
Just wanted to say i really appreciate these videos they are really good. many thanks greg (UK IB HL)
Yes, you are right - but for simplicity of the diagram, I kept them parallel. The point I want to make remains the same.... thanks for the comment
Great video! Very clear and provides real life scenarios to relate to help understand the topic in greater depth, thanks! Funny ending too haha.
I have just started my AS course and unfortunately I have 2 very poor teachers for Economics. You have just become my 3rd (and by far the best) teacher. I have just recommended you to the rest of my class and all we have to say is your videos are nothing short of brilliant. Many many thanks!
Straight to the point! He makes Economics so easy to understand. Thanks pajholden.
Ur an awesome teacher,u make studying so much easier! Thank u :)
I just learnt more in 10 minutes than I ever have in my lessons. WHAT IS THIS MAGIC?!
hi! I really like your explanations, they are very clear . could you please do one example on corrective taxes and costs externalities ?
God bless you.
Brilliant, Mr. Holden! Very helpful. My econs teacher knows nearly nothing, and the book's description of the graphs is a bit too vague. This will really help me for my A level prep. Thanks again!
The video u made is so helpful. Can u make a video to explain the speculation? thank you!
Tertiary education: $20,000-$60,000 (avg)
Cost of viewing 1 TH-cam video: ~$0.04
Getting a distinction on an assignment because this guy's a legend: Priceless.
Your externalities videos taught me more in 16 minutes than my lecturer could have in 2 hours.. Much appreciated, your videos are fantastic, keep up the great work!!
fantastic video's I have been watching them for roughly a couple of years now, they really clear up where the lecturers make a mess.
thanks for the time.
Very helpful; love your style - you really manage to capture attention and explain "complex" phenomena in an appealing manner, that even I understand
Thank you so much for uploading these videos. Really helped my studying :)
Same! got my exams tomorrow, really helpful!
Thank you, very clear and straight to the point
You are the best. Just made everything so much easier to understand!
Hahahahah that wig at the end! Ahhh you rock man, this has helped me so much
Your videos are brilliant! saving my economics a level and might help me get that A I need to get into Cardiff Uni! Thanks so much!
I've spent hours reading through textbooks and revision guides, and that 10 minute video made more sense than all of the reading put together!
very very nice presentation
Hi! Glad to see you back, I've found all your videos very helpful in my studies of Economics. I hope you post more videos on macroeconomics and government policy :D Much appreciated for your efforts.
It was sooo helpful!! Thank you for the video! Keep making videos!
I've been watching lots of videos but yours is the best one which really cleared up my confusion and gave a better understanding!
thank you so much, you really are a talented teacher and a great communicator!
Perfect amount of information given, nothing more, nothing less. I love the simple yet fulfilling knowledge this quick vid provided. You sir, just earned yourself another subscriber :D keep up the good job.
Excellent. Very excellent.
You are the best! This helps in IB economics as well. WOW!
You're a life saver.
Hahaha I have been studying for 5 hours and that is the first laugh out of me in a while- you are a great teacher!
Usually when something like this comes up in a textbook my mind won't let me learn it but the way you explain it...I don't go away thinking choosing economics was the worst choice I've ever made :)
You make it seem so simple thank you
great video mate! very useful to me as a graduate teaching a high school class
Sir, by you making these videos you generate positive extenalities for society :)
Thank you !
How could 10 people hate on this???
Paj was my bestfriend during my highschool days....still my bestfriend now in university. love you mannn :')
Wish i found your channel when i first started studying economics! No exaggeration here though YOU HAVE SAVED ME A LOT OF PANIC AND STRESS! So thanks Paj you cool guy
Loving you man: I am excelling in Economics credit to your Utube teaching. Appreciation & Smiles.
Ur my favorite econ teacher on youtube! Thanks!
Hi , Excellent Job. Great Video.. Im in my final year at Uni and still use your videos as a guide..... Thank you so much..
Greetings from Australia
Great videos man! Very pedagogical and generally a broad coverage of economics! Truly appreciated! :) Keep up the good work!
great explaination
Great video!
I was, however, just wondering why the MPC/MSC line doesn't depict the 'U' shape at the beginning. My textbook suggests the law of diminishing returns would create this shape. In my exam would I loose/gain marks on my diagrams for including this?
Greetings from Canada :D
I've got a Gr.11 exam to right and these videos have helped me understand certain parts of economics.
Thanks for the help
I watch a lot of your videos and they really help me clearly, i can understand a topic so quickly by watching you. Please never stop making these videos. Come back to the UK as well.
The example of paying higher taxes as social benefits only works if there is a progressive tax. I would say that getting an education contributes in increasing the total output of an economy as there are improved factors of production (labour). But great videos. The accelerator was really helpful as the textbook versions were a little bit complicated
You sir! Deserve an award. You teach better than my instructors.
you are perfect thank you for giving us this lecture
You're an amazing teacher! You make things very easy to understand :) Thanks
THANK YOU SO MUCH! your explanation is soo much more clearer than in textbooks!
thank you!! i have learned it perfectly from this video..... i could not have understood it from my teacher or any books! thankkkksss
Paj, love your videos. A quick question - shouldn't the DWL due to the second market position be a little lower accounting for the lower MPC curve?
Regards
You Are Just AMAZING!
Thank You!
resitting my AS Markets in Action paperafter an unexpected poor grade. Wish i had been told abut these videos before then. They are really helping me with understading. Just out of interest are you videos course specific? just that I am doing OCR economics and wouldn't want to start writting about stuff that i'm not supposed to know. Thanks!
Hi,
Im an AS student studying Economics, I really enjoy watching your videos I think they are very helpful and useful, I understand more from your videos than in class.
I would like to know if you have one which is about price Mechanism I am quite confused with this topic and if not then I think you should make one for all the people that needs it and has difficulties with it.
thanks =).
thanks, isnt the market failure section you shaded in welfare gain not welfare loss?
Exam is tomorrow. LIFE SAVER. Best eco teacher out there!
A couple of ideas for videos: Absolute and comparative advantages, monopolistic vs perfect competition, fiscal and monetary policies.
Cheers
really grateful! helped out so much! thanks!
sooooo much better than uni lecturers. thanks heaps!
The crux here is at 3:07 -- "Let's assume that there are no external costs." ====
If there are external costs -- e.g. opportunity costs b/c people & companies don't have the wealth taken from them by gov't to pay for the extra "social benefits" -- then you'd have to count that into your calculations before claiming that "the market failed." ====
Also, will the gov't use the wealth as efficiently? Might there be a relative loss of wealth to the country by channeling it through gov't?
Thanks so much =) .I have a eco exam tomorow and your videos have finally helped get these concepts through to me .
Thanks for these videos they are a really accesible source for when you just can't take any more of the textboox.
Thank you so much! I hardly understand what my professor explained. This video really help me.
at 7:15 , when the government introduced subsidy to lower the marginal private cost, doesn't it create a new equilibrium between the marginal social benefit and the new marginal private costs, hence creating a new social optimal level of production. Doesnt this keep the gap between the market optimal level of production and the 'new' social optimal level of production the same.
you're an amazing prof. WE appreciate your efforts sir