Consumer and Producer Surplus- Micro Topic 2.6 (Holiday Edition)

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  • เผยแพร่เมื่อ 6 พ.ย. 2024

ความคิดเห็น • 302

  • @brandonlee4815
    @brandonlee4815 9 ปีที่แล้ว +583

    I really wish I discovered your videos earlier than the night before my micro economics final! You're my hero

    • @brian77771
      @brian77771 7 ปีที่แล้ว +4

      lol,same

    • @pkgamma
      @pkgamma 5 ปีที่แล้ว +1

      lol that's me

    • @tejdande857
      @tejdande857 5 ปีที่แล้ว +11

      the fact that im right here 45 mins before my micro exam watching this to get that 50% i feel attacked

    • @cleangamer1254
      @cleangamer1254 4 ปีที่แล้ว +3

      @@tejdande857 legit me rn :/

    • @tejdande857
      @tejdande857 4 ปีที่แล้ว +2

      @@cleangamer1254 GOOD LUCK I'm sure you'll do well

  • @JacobAClifford
    @JacobAClifford  9 ปีที่แล้ว +176

    Happy Holidays! What did you think of the video? Did anyone get the "Let's say..." joke?

    • @donnyphilippe5187
      @donnyphilippe5187 9 ปีที่แล้ว +4

      +ACDCLeadership I don't how to solve demand function and revenue function to find profit maximizing quantity...! please help.

    • @kevind1721
      @kevind1721 9 ปีที่แล้ว +2

      +ACDCLeadership "What is deadweight loss?" "It's deadweight loss." I got it!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +9

      Yes, it is the lost efficeincy when a market is not at equilibrium

    • @donnyphilippe5187
      @donnyphilippe5187 9 ปีที่แล้ว +1

      +ACDCLeadership What about my question?

    • @rakkini23
      @rakkini23 9 ปีที่แล้ว

      +ACDCLeadership great as always

  • @connorgreen8880
    @connorgreen8880 7 ปีที่แล้ว +102

    You spend so much time helping out college kids who're extreme procrastinators like me. Thank you. You just got a new subscriber

  • @tuana2773
    @tuana2773 7 ปีที่แล้ว +205

    my grandma just disowned me
    thanks bro

    • @Nomoneyfood
      @Nomoneyfood 17 วันที่ผ่านมา

      bro what

  • @QuikQuirkies
    @QuikQuirkies 8 ปีที่แล้ว +100

    Mr.Clifford.You have saved more lives than you can imagine.Great Stuff.

  • @ModernWelfareThree
    @ModernWelfareThree 9 ปีที่แล้ว +45

    My economics exam was yesterday and I'm still going to watch this for some reason...Happy Christmas

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +7

      +James Merry Christmas to you too. I hope you did well on your exams. Thanks for watching

  • @OnlyViKnows
    @OnlyViKnows 5 ปีที่แล้ว +20

    I had a teacher back in highschool that made econ so easy that I thought I was good at it until I got myself a professor that made the class really hard to understand! My friend recommended your channel to me and I want to say thank you for making micro econ easy to understand! I have an exam tomorrow on Surpluses and Elasticity! Wish me luck!

  • @mariaburke3525
    @mariaburke3525 8 ปีที่แล้ว +51

    I like how quick I understood the concept of deadweight loss in so little time. Thanks.

  • @christcenteredrelationship
    @christcenteredrelationship 5 ปีที่แล้ว +6

    Mr.Clifford, You're made me easy recall my memory.
    Some teachers do say but I wasen't so confident about it.
    You made it easy.Thank you very much for your support.

  • @smokeypillow
    @smokeypillow 7 ปีที่แล้ว +253

    You just made me understand consumer surplus in 5 seconds.
    I couldn't understand my teacher for 20 minutes.

    • @jingzhipei5893
      @jingzhipei5893 6 ปีที่แล้ว +6

      SmokeyPillow I couldn’t understand for two hours

    • @terminus9321
      @terminus9321 6 ปีที่แล้ว +11

      I still don't understand this

    • @zhaobopan5573
      @zhaobopan5573 3 ปีที่แล้ว

      @@arjunkapasia6044 hah,

  • @desi_god18
    @desi_god18 ปีที่แล้ว +1

    Im watching this 7 years after and your videos are still great

  • @alexbalansay
    @alexbalansay 8 ปีที่แล้ว +29

    Just chanced upon this video since my college prof. isn't too great at explaining. Love you on Crash Course as well!

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว +7

      +Alex B I appreciate it Alex. These videos are desigend to help you study for exams. Crash Course keeps it a little more general

    • @pearlsmitt
      @pearlsmitt 7 ปีที่แล้ว +1

      +ACDCLeadership you're a life saver!

  • @HannaRommen
    @HannaRommen 5 ปีที่แล้ว +1

    i've been trying to understand economics for the pst 2 months, hasn't worked out, but today I decided to try watch some videos, came across your videos, I've learned more i the past 2 hours of watching you videos on repeat, than i have from my teacher in 2 months, thanks!!

  • @Bean-lb9nb
    @Bean-lb9nb ปีที่แล้ว

    Mr. Clifford kept me entertained and helped me understand this stuff so well because the textbook was difficult to understand. I'm super engaged in his videos and will continue to watch all of his econ videos. He actually has me talking back to a screen lmfaooo. I appreciate him so much!!

  • @mosessigauke6874
    @mosessigauke6874 4 ปีที่แล้ว

    one of the best I am not a type of a person who watch Economics videos but got the link from my lecture and now I will watch more your style of teaching is awesome

  • @alyssiayuan7463
    @alyssiayuan7463 8 ปีที่แล้ว +6

    I don't know what I will do to get a high score in my Econ class without your videos! Thanks!

  • @cactuslover4040
    @cactuslover4040 6 ปีที่แล้ว

    I am a law student from Thailand writing IRP of Parallel Pricing...and I want to tell you that I really appreciate your work it help me understand Antitrust Laws in Economic perspective. I am so grateful I got to see your clip.
    Wish you the best.

  • @hannibun95
    @hannibun95 5 ปีที่แล้ว

    I've got happy tears in my eyes. It's all so clear now and I FINALLY UNDERSTAND. I have my final exam in a week and I hope that I'll be able to learn enough from your videos until then. THANK YOU, YOU WONDERFUL HUMAN BEING!

    • @OnlyViKnows
      @OnlyViKnows 5 ปีที่แล้ว

      I KNOW HOW THAT FEELS! MY PROFESSOR MADE IT HARD FOR ME TO UNDERSTAND AND I GOT AN EXAM TOMORROW! How did you do on that exam?

  • @kensho6711
    @kensho6711 7 ปีที่แล้ว +11

    Excellent work. I just binge watched a ton of your videos to prepare for my exam and have learned so much. I thank you for your time and effort in making these videos. I will share it with my friends.
    Also that was a clever joke haha

  • @samanthamanning4603
    @samanthamanning4603 6 ปีที่แล้ว

    You really simplified this! My teacher tried to really over complicate things to the point that left me beyond frustrated. Why can't everyone teach the way you can obviously?!

  • @dilnozarakhmatullaeva5399
    @dilnozarakhmatullaeva5399 5 ปีที่แล้ว +1

    i can't believe this video taught me the whole concept of PS, CS, DWL within 5 minutes that I couldn't understand for the entire lecture. You're just genius @JacobClifford thank you :)

  • @princekwamiso
    @princekwamiso 4 ปีที่แล้ว

    You just saved my day for my Economics exam today. Thanks. You explain it better than any other video I have watched online.

  • @ShannonLamberson
    @ShannonLamberson 8 ปีที่แล้ว +6

    Great videos. You make the concepts so easy to understand. Also, I really appreciate the effort you put in to make the videos interesting and memorable.
    Thanks,
    -A grateful grad student.

  • @T0NYthomson
    @T0NYthomson 9 ปีที่แล้ว +1

    Just wanted to say thanks for all the help your videos have provided for me as well as alleviating stress. Subscribed and told all my friends in my micro class to check out your videos as well.
    Merry Christmas!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +1

      +Anthony Thomson Thanks Anthony. Merry Christmas to you too

  • @samaysoni4015
    @samaysoni4015 5 ปีที่แล้ว +2

    @jacobclifford you're a good soul and the world needs more people like you, professionally and otherwise. Thanks a bunch for the video!

  • @theycallmegray947
    @theycallmegray947 10 หลายเดือนก่อน

    Great video, thank you. I have an exam tomorrow and this really made me understand the fundementals. Thank you good sir. Also hillarious twist you added with the winter atmosphere

  • @terrijackson5335
    @terrijackson5335 2 ปีที่แล้ว +2

    This is a GREAT video but the sound track goes off the video recording around the 1 minute mark. Any chance you can fix that?

  • @yanniyazi6197
    @yanniyazi6197 6 ปีที่แล้ว

    Thank You! This makes so much more sense than all the text books, professors, and tutors combined.

  • @tiacannady1481
    @tiacannady1481 8 ปีที่แล้ว +1

    Love your videos! My teacher is too quick when he is giving us information so I don't really have time to comprehend what he is teaching. Your videos are easy to understand and I can watch them as many times as I need! Thanks so much!

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว +1

      +Tia Cannady You are welcome Tia

  • @SuperRipper1234
    @SuperRipper1234 7 ปีที่แล้ว

    man your a god, how do you explain things which are explained in textbooks in 30 pages, you explain in 3-6 mins

  • @stephanienatacha9189
    @stephanienatacha9189 9 ปีที่แล้ว +1

    wow i watched this just in time for my final tomorrow. Thank you for making this youtube channel. It has seriously helped me out so much.

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +1

      +Stephanie Natacha You are welcome Stephanie. Please make sure to subscribe. The more subscription, the better the position on TH-cam and the more people I can help.

  • @ErikPT
    @ErikPT 5 ปีที่แล้ว

    You just explained an entire chapter of consumer surplus and producer surplus even better than my seminar instructor did!

  • @bibubbletea
    @bibubbletea 2 ปีที่แล้ว

    Thank you, you helped me understand my college assignment a bit more. Thankfully it’s not the night before my test, but I do have to finish this assignment so now I understand much more!

  • @lonelyjokers4
    @lonelyjokers4 7 ปีที่แล้ว

    I really like the way you teach :) I watched this video to help me get started on some homework that's not due for about a week, and we ended up learning about this in class the next day. I understood more from what I watched in 5 minutes that what I sat and listened to in 1.5 hours :)

  • @yashminufashion
    @yashminufashion 8 ปีที่แล้ว +1

    Sir! i appreciate you work.
    you are the best teacher of ECON, you had made this subject interesting and fun...

  • @brinjoseph7423
    @brinjoseph7423 8 ปีที่แล้ว

    I love your videos so much. You're literally the only reason I'm passing economics. Thank you!

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว

      +Brin Joseph I'm glad that I could help Brin

  • @jessicas4060
    @jessicas4060 6 ปีที่แล้ว

    Thank you thank you thank you for making this subject which is is actually really interesting, but often bogged down in complexity and dull professors, so easy to understand!

  • @adam.p.7536
    @adam.p.7536 5 ปีที่แล้ว

    this guy is banter, love it.

  • @kiranb8247
    @kiranb8247 4 ปีที่แล้ว +1

    Why we can't find professors like him in our universities??
    You are the BEST!!

  • @advaitlath7221
    @advaitlath7221 5 ปีที่แล้ว +7

    The 'repeat after me' moments are so underrated.

  • @mercypeters4359
    @mercypeters4359 5 ปีที่แล้ว +4

    GOD BLESS YOU IVE BEEN SO CONFUSED

  • @hitlerreacts2920
    @hitlerreacts2920 7 ปีที่แล้ว +2

    OMG you are a legend. Love your work. Literally are legit like my economics tutor rn. Thanks so much

  • @blueice1364
    @blueice1364 8 ปีที่แล้ว

    Yet another awesome video. You saved my exam once again. You're a life saver for science students like us. THanks a billion.

  • @zukaking3582
    @zukaking3582 4 ปีที่แล้ว

    Best educational channel ever!!!

  • @sunflowerfields9694
    @sunflowerfields9694 2 ปีที่แล้ว +3

    i don't get it

  • @AN-jd2yp
    @AN-jd2yp 8 ปีที่แล้ว

    Very nicely explained.Kudos to the presenter.

  • @mongolia12546
    @mongolia12546 8 ปีที่แล้ว +1

    Happy holidays for you too! Thanks for taking the time and effort for making these videos :)

  • @evansmith8788
    @evansmith8788 8 ปีที่แล้ว +1

    Your videos are extremely helpful! If it wasn't for your videos on economics, then I'd probably be doing terrible in my class right now. Anyways, just wanted to say that I appreciate the time you spent to make these videos. You're awesome!!!

  • @busybeegames-n3q
    @busybeegames-n3q 4 ปีที่แล้ว

    Tomorrow is my economics exam and your videos helped me a lot, Arigato gozaimasu

  • @GuitarreroDaniel
    @GuitarreroDaniel 4 ปีที่แล้ว +1

    You are the best Jacob, thanks for this explanation :D

  • @aubriraymundo8264
    @aubriraymundo8264 3 ปีที่แล้ว

    I love how you explained this! You're so Awesome!

  • @mOesphere77
    @mOesphere77 8 ปีที่แล้ว

    Love your work! Specially when you explain something and I figure that I got it but not 100% sure and then you give a different example and that gives us the time to calculate and find out if we really understand it.. Thanks!

  • @KK-pf1ye
    @KK-pf1ye 6 ปีที่แล้ว

    You are THE BEST. All other economics videos suck. Keep it up.

  • @daves4320
    @daves4320 5 ปีที่แล้ว

    Useful - how do you use this with something that is needed instead of wanted? Like heating oil? Dead weight loss only after all get their oil?

  • @xodevonn
    @xodevonn 8 ปีที่แล้ว +1

    i honestly would be failing my econ class right now if it weren't for your videos. soooo appreciative keep up the amazing work

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว

      +xodevonn That's awesome. I'm glad I could help

  • @amandakapinga7647
    @amandakapinga7647 7 ปีที่แล้ว

    i am writing optionals today. i wish i'd discovered this channel earlier, i would probably have had better results. crossing my fingers and hoping for a distinction

  • @sabisniga
    @sabisniga 8 ปีที่แล้ว +1

    You've been a great help, got me a 5 on my AP macro exam and hopefully another on my AP micro exam. I was just wondering how you got the DWL in your bonus round.

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว

      +nerdster DWL occurs whenever P doesn't equal MC. In this case, the MC is greater than the price so there is too much produced and DWL is on the right side of socially optimal. When we are producing too little and MC is less than Price the DWL s on the left side of socially optimal. Does that help?

    • @sabisniga
      @sabisniga 8 ปีที่แล้ว

      crystal clear, the only difficulty that I found in this particular concept is that the DWL is to the right of the equilibrium point and I have never tackled a question where it hasn't been to the left of the equilibrium point which is why i have a hard time visualizing it. Also I think the link at the end of the video might be broken:P. Thank you once again, my whole class owes you one:)

  • @prathamoli3473
    @prathamoli3473 7 ปีที่แล้ว

    Best economics teacher

  • @LukeChristie-d7s
    @LukeChristie-d7s ปีที่แล้ว

    you really do make this easier. thank you

  • @husseinbdeir9214
    @husseinbdeir9214 7 ปีที่แล้ว +1

    you have AMAZING teaching skills!!!

  • @deutschlandmeinvaterland1568
    @deutschlandmeinvaterland1568 4 ปีที่แล้ว

    I'm being a pedant, but I feel like the last example of deadweight loss (Christmas shopping) ignores the utility gained from sentimental gifts. I bought my girlfriend a $30 blanket on Valentine's Day. She likely didn't have the demand for it, but she cuddles with it all the time because it's a gift from me, creating an artificial demand that didn't exist before (I think!). Anyways, excellent video. 10/10 explanation.

  • @MichelleCN_
    @MichelleCN_ 5 ปีที่แล้ว

    I understand a little clearer, please make another video with more details. Thank you.

  • @Manananana20697
    @Manananana20697 8 ปีที่แล้ว

    My prof should learn from you. Seriously, legend.

  • @aylaallen6860
    @aylaallen6860 8 ปีที่แล้ว +1

    Thank YOU so much for Your amazing videos! I just admire your explanation methods. I should say that before watching your videos I hated economics and found it very hard to learn or understand. However, Your explanation methods (your jokes, positivity, knowledge and of course, amazing teaching skills) made me love this course veery much!!!! I never get tired when I watch your videos, and even try to learn more and more.. Thank YOU So much, and please just keep up your perfect and helpful work! :)) God Bless You! :))))) And HAPPY HOLIDAYS! :)))

    • @JacobAClifford
      @JacobAClifford  8 ปีที่แล้ว

      +Joyka Merry Thank you Joyka. Happy Holidays to you.

  • @jennykelly8276
    @jennykelly8276 7 ปีที่แล้ว

    I wish my professor could explain things as clearly as this. Thanks!

  • @boxcarracer24
    @boxcarracer24 6 ปีที่แล้ว

    It's like I'm looking at Marshall from HIMYM teaching Macroeconomics. Nice video!

  • @pia3522
    @pia3522 5 ปีที่แล้ว

    this man is a hero

  • @rominaz5873
    @rominaz5873 8 ปีที่แล้ว

    Thank you very much, i learned something in 6 min when i teacher try to teach it in 4 hours

  • @dinahsalomon6685
    @dinahsalomon6685 7 ปีที่แล้ว

    had to watch 3 times but then i got it! thank you!

  • @zeneca_33
    @zeneca_33 7 ปีที่แล้ว

    hahaha, I definitely do "prefer cash this Christmas" .great video!

  • @jariwilschut4248
    @jariwilschut4248 9 ปีที่แล้ว +5

    isn't the combined consumer surplus 3×4000×0.5=6000. It should be multiplied by 0.5 because it is a triangle right?

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว

      +Jari Wilschut Yes, you are right I was wrong. That's what I get for changing up the numbers before I edit. Crap!

  • @sannasamateh2842
    @sannasamateh2842 3 ปีที่แล้ว

    master of economics. Am from Africa

  • @Khanal58
    @Khanal58 8 ปีที่แล้ว

    I love your videos! But I want to slow them down lol because you zoom through them (which I appreciate tho because they are short and concise)

  • @noueruz-zaman7894
    @noueruz-zaman7894 7 ปีที่แล้ว

    just starting msc finance and enjoying your vidoes
    muchas gracias

  • @LM2011GRAD
    @LM2011GRAD 8 ปีที่แล้ว

    Best videos! BEST. These videos are helping me crush my micro econ class!

  • @charmingcheat
    @charmingcheat 5 ปีที่แล้ว

    Why you should never give gifts to others- Video isn't available yet
    When will it be available?

  • @jadamclean7927
    @jadamclean7927 4 ปีที่แล้ว +1

    love your videos!

  • @lidiafule538
    @lidiafule538 8 ปีที่แล้ว

    It just brilliant!!!! Our MBA group is just preparing for the microeconomics exam! :)

  • @kazinayeer
    @kazinayeer 7 ปีที่แล้ว

    ACDCLeadership, love the way you explain everything

  • @angus___3213
    @angus___3213 3 หลายเดือนก่อน

    Jacob you have saved me, thanks

  • @richardmaiap580
    @richardmaiap580 ปีที่แล้ว

    Man I wish you were the lecturer at my university!

  • @togapmaruasas4484
    @togapmaruasas4484 4 ปีที่แล้ว

    Hello..you are one of the best economics techers, btw is the supply curve shape relate to quantity and price boost by maximum net income they count potencial to get? Suppose a group of customer X demand 100 unit at a price $10. But a group of producer just produce 80 unit because that figure out maximum income. please help I want to know is that go that way?

  • @carringtonparks7761
    @carringtonparks7761 5 ปีที่แล้ว +2

    not all superheroes wear capes...

  • @GMzHero
    @GMzHero 8 ปีที่แล้ว

    Mate, you've got some MINT public speaking skills. This really helps me through my microeco class because it's catchy! Just FYI you're marketing your channel in the best way possible :)

  • @josechua669
    @josechua669 7 ปีที่แล้ว

    Wish I found this earlier, you're great help!

  • @ryanernst1781
    @ryanernst1781 9 ปีที่แล้ว +1

    I'm very happy to find your channel, before my final. Just disappointed that this video doesn't have you wearing any ACDC.
    Personal Questions: How many ACDC belts do you have? And is ACDC your favorite band?
    Keep up the good work, will let any classmate know about you.

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +2

      +Ryan Ernst It is under the sweater. I have 7 of them by the way

  • @samanthamanning4603
    @samanthamanning4603 6 ปีที่แล้ว

    In fact I'm done reading her notes. If I keep reading her notes I'm going to overthink what you just taught me and have a meltdown over it! lol!

  • @Kaye2DaJaye99
    @Kaye2DaJaye99 9 ปีที่แล้ว

    I Enjoy these videos and they help me, im taking macro next year so i will be back but its the end of this semester for me..

  • @nguyengrace5753
    @nguyengrace5753 6 ปีที่แล้ว

    i wanna say thank you so much from your super fan in Vietnam , it's really helpful . Grazie mille

  • @arnav707
    @arnav707 7 ปีที่แล้ว +1

    Can you help us with Principles of Economics by Mankiw????

  • @maine89757
    @maine89757 7 ปีที่แล้ว +1

    Thank you. You made me feel like an idiot trying to understand my model answer sheet for an hour. When all I needed was 5 mins 😂

  • @mintedchai8123
    @mintedchai8123 9 ปีที่แล้ว +1

    Thanks for the help and great video! Thumbs up

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว

      +Adnan Mkamel I'm glad that it makes sense

  • @Kadenxe
    @Kadenxe 6 ปีที่แล้ว

    The end was mad funny lol

  • @rosebed69
    @rosebed69 7 ปีที่แล้ว

    You're my saviour!! Thank you so much!!!

  • @王林-x9b
    @王林-x9b 7 ปีที่แล้ว

    I lit laughed during an Aecon lesson! Thank you!!

  • @iUseTrees
    @iUseTrees 4 ปีที่แล้ว

    Super easy to follow thanks

  • @zackbarrette3737
    @zackbarrette3737 8 ปีที่แล้ว

    You saved me from an f! Thanks for all the great videos you post they are my savior!!!!

  • @mechamicro
    @mechamicro 5 ปีที่แล้ว

    Base on my calculation my DWL is on the left instead of the right. However, it has identical area.

  • @jackjohnson40
    @jackjohnson40 7 ปีที่แล้ว

    Great video! Well done

  • @skyblueadventures-filipina379
    @skyblueadventures-filipina379 7 ปีที่แล้ว

    I'm a law student, studying tax law, were looking like zero at these principles. It would be useful to see your position on saving taxation, and why or why not, dropping it entirely in lieu of consumer tax system, from an economist stand point. The government will tell you they can't afford to lose the value of savings taxation.