Continue learning with practice questions: mru.io/cx5

This is so much better than my professor reading off slides that I am paying thousands of dollars for....

@schanemassey3861

7 жыл бұрын

SO TRUE!!!! (Bartender this man's drinks are on me!)

@harshvithlani9399

4 жыл бұрын

Jake Randolph So true!

@preciousandarahvlogs5785

4 жыл бұрын

Hahahahaha same bro

@jackjo2739

3 жыл бұрын

Sadly you are correct....

@meznar7417

3 жыл бұрын

100% true

Very helpful for someone taking a college level online economics class and I have to teach myself everything, now it makes sense. Edit: Idk why I’m getting responses on this comment so many yrs after making it. I don’t even remember the class I took. It was probably in my freshman yr of university. It was helpful at the time that’s it. It was required of my degree to take economics as a business major. And yes you can probs take this in high school in AP or something idk nor do I care. Like yeah in college you have to take stuff you probably could’ve gotten credit for in high school. I got college credit on history and English classes not science or math. Some classes you can’t get AP credit for. Anyways yeah that’s all I have to say.

@NocturnalToothbrush

6 жыл бұрын

I'm in the exact same boat now. Did you get through the course after?

@iris7024

5 жыл бұрын

And someone in highschool 😩😭

@radhikasehgal172

4 жыл бұрын

Nocturnal Toothbrush ha

@Venkat-sy2fu

3 жыл бұрын

wait wtf how is this college level im doing it in ninth grade

@john-olivierlukama1548

3 жыл бұрын

Wait college level!?!?

I'm 15 and I'm learning so much from this. I wanna become an economist.

@rudolphdandelion6840

4 жыл бұрын

Good for you kid. Be sure to get good at math. You’ll need math when you go further down the realm of economics.

@lastyhopper2792

3 жыл бұрын

not to just be good at math, but actually understand how it works

@danielmccaffrey8493

2 жыл бұрын

I study it at University. Don’t

@danielmccaffrey8493

2 жыл бұрын

@@rudolphdandelion6840 Honestly underestimated how much maths would be in economics, would seriously reccomend taking A level maths because I’ve got about 2 years of a level to catch up on

@kw.drillz6111

2 жыл бұрын

It’s hard find something else thank me later 😭

This is the best I've ever come across. Self explanatory , easy and interactive. Very very helpful thanks a million.

I wish that these guys were my profs back then excellent teaching .. thumbs up.

The curve of corn is inelastic and in case of inelastic demand curve the revenue rises with the increase in price. In the given year, there will be a shortage of supply which will increase the price and shift the supply curve up and left. So, as the price is increased the revenue of farmers will increase.

I'm getting my Masters from a top tier (USNWR top 3 in this area) university. The professors here are fantastic and my microeconomics professor is one of my favorites. They are not as effective as these guys. Your knack for avoiding jargon, the build of the curriculum is excellent with no surprises so far, the avoidance of comprehension-killing abbreviations, and the tie-in to real world scenarios is simply outstanding. I am in my late 50s, a physician scientist and have sat through tens of thousands of lectures. You 2 are among the GOATs. I mean it. Gentlemen, you have created a phenomenal legacy and should be VERY PROUD!. Thank you all. Do you have a biostatistics channel?? LOL

@larsaugustat7029

8 ай бұрын

Good to read that I am not the only one doing a master and still coming back to basics:D

when yield in going down the supply will be less and the price will go up. thus when the price goes up and the demand goes down by just a little we get more revenues and a inelastic curve. Also the reason why the demand will go down just by a little is because the substitute of corn that is soybeans is also not more in supply.

@tadej3080

3 жыл бұрын

I'm also guessing because corn is a broadly defined good, which is used in many different ways, the price elasticity of demand will be lower enough just as it is.

@vaxman3839

3 жыл бұрын

Thanks you

@sefterovseymur8792

3 жыл бұрын

true

@nikhilshah8883

9 ай бұрын

thanks man

Why are you making so much sense?

For the first time, i understand how to calculate elasticity perfectly. Thank you. This is way better than my professor's explanations. I've subscribed to your channel.

"I can never remember myself so I always draw these little graphs". Somehow I doubt that but this guy is a legend. Made it so easy to understand.

I have learned more in 15 minutes then the 3 hour lecture for micro economics. thank you

@GjaP_242

3 ай бұрын

"I am just a businessman, giving the people what they want." 9:06 Al Capone

I am a student of BBA in Afghanistan I really enjoy studying withyou all thanks a lot

Such clarifying class. Congrats for this great job!

Oh my God thank you so much you have saved me. I've been struggling in my college Economics class and was desperately needing a breakdown of how to calculate elasticity in each of these situations. Thank you, thank you, thank you

You make it look really simple. Great work! Thank you!

This video helped me to finish my Agricultural assignment, thank u, it was delightful watching this it really helped

Wow, 6 hours trying to figure this out from the materials my University provided. Now I have it down in 30 min. (only because I stopped to take notes and apply this to the problems I've been trying to solve!)

I dont understand why or how you make so much sense, but you do. Thank you for all your help

ive commented before but really your videos have helped me so much. much better than textbook honestly saying. thank you for your great work :)

Great video! Easy to follow and well produced.

Thank you...you have no idea how you made learning elasticity easy for me

This was an amazing video. Keep up the good work and make more.

You are a life saver. Thank you so much.

Thank you from someone from 9th grade and is currently working on my homework related to this lesson. Oh wait I'm done thanks to you, it's fast and easy

I didn't feel that I'm in home and learning this much .Thank you its very helpful.

@brindleyadolphus4905

3 жыл бұрын

You bet. We are stuck at home and learning this now. Good old days :I

Thank you. It is so beneficial for me to understand elasticity. Keep going.

This video is very useful. Wished I had found this when I was in school.

Thank you so much. The content is easy to follow and engaging.

Nothing shot of Laudatory Lecture Wow😲.... Excellent 🤞🏾😁

Thank you, very useful

Very very helpful my ma'am cannot teach like this in her whole lifetime

hi, i have a question. if the price elasticity of demand is -1.4 which is negative. is it considered to be inelastic because its less than one, or is it elastic because we don't consider the negative and we only take the number so its going to be greater than one. thank you

How do I do this on a calculator?

Very helpful for going back to the basics on how to calculate elasticity. Especially for midterms!

Waoo it's so clear, thanks proffesor 😀

thank you so much, i really understand the concepts better now!!

I've been really stuck while learning economics but this really helped me!!

@MarginalRevolutionUniversity

6 жыл бұрын

Great to hear! Best of luck. -Roman

Thank you so much this was so straight forward

Hello, where do I get a step by step math book/app etc?

Wow this was incredibly helpful! Thank you!

This was very helpful thank you very much.

very comprehensive, i appreciate it.

Thank you so much, it was very helpful

Wow I surprised ❤ this lesson series is better than our prof lectures readings ❤

Thank you very much this really helped me.

Thank you so much !!!!

thanks, sir. your teaching is very helpful.

Thanks a lot this is great explanation 👍

Awsome quality! Thanks

Waw i really enjoy it. Very simple to comprehend

Its great that you can download the video!

so much helpful... thank you

thank you , you made it so understandable

Thank you for explaining clearly

God bless you! This, plus reviewing the lecture 2x and reading correlated chapters in Economics for Dummies, I can do this!

@MarginalRevolutionUniversity

3 жыл бұрын

Yes you can! Keep up the work - econ is not easy but it's worth the effort. -Roman

Amazing!! Thank you 🎈

thank you so much. really helpful

This video came through for me really

thank you so much sir, this was more understandable

This is beautiful!!!

very good helpful i have an exam on friday with your way of teaching ill do more better than before thanks

Very very well explained 🙌👍

Thank you very much It was really helpful.

Great video! Thanks

Thank you so much sir, now I am able to solve problems

His voice reminds me of Ross from Friends. Great content!

This is really better , Love from India 🥰

Nice video. Very helpful

How to download this?

I have a question. Are the figures and the graphs always relative to the buyers’/market’s behaviors? Like can we actually predict the demand of quantity when we change a price through figures?

this was much better helpful thnc a lot😊😊😊

I really wish you were my professor. Damn! Your presentation is really easy compared to my proffesor.

THANK YOU!!!

very helpful

Thankyouuuu so much!❤️❤️❤️❤️

This is excellent

Most useful video

very helpful and thank youy

Great work

Thank you professor

Thnx fr the knowledge

Thanks doctor 💚

Finally I`m saved. Thanks a lot sir

@abdalakamanda3509

6 жыл бұрын

I love your courage

you are a lifesaver

Thank you so much sir!

When the yield is going down the unit price should increased. So farmers can earn more profit because corn & soybean have inelastic type demand curve. Am I correct sir?

@khanfarhan3047

4 жыл бұрын

Yes I think the same can u please confirm professor 😊

@huizylove

3 жыл бұрын

No

@brindleyadolphus4905

3 жыл бұрын

@@khanfarhan3047 Watch the video again to get it confirmed

Good explanation

Where did the two come from? @4:55

So is so easy and interactive to understand! Could you still help me out on this one? Product falls to 6$ to 8$ causing demand to extend from 1250 to 12500.

Can anyone explain the last slide "the secret"

can price elasticity of demand cross elasticity of demand and income elasticity of demand can be calculated with same formula Q℅/P℅

can someone help me with online courses relating to acturial science

Thank you so much for the lecture! But one question: why when you explained the Midpoint Formula you divided the average by 2? From where did that 2 came from?

@SmallEditsbyTiwa

6 жыл бұрын

Hi Milena, the two is because he is finding the average between 2 numbers, if he was finding the average between 3 numbers it'll be 3 an so on. I hope this is clear?

Thanks a lot

Very nice, thnx.

thanks this is good

Super teaching

Welp. I wasted 1 hour of reading and still banging my head against a wall, when I could have just watched 15 minutes and understand it.

@ijeomaifeanacho5655

2 жыл бұрын

Same here