I've learned more on this subject with this video than in an entire semester at college. You rock!

@HaroldWalden

2 жыл бұрын

Hahaha, thanks for taking the time to leave a positive comment 🤓

@rachaelyav4787

Жыл бұрын

Cap

When my teacher gives the lecture, i cant understant it, it had been very difficult for me to undestand the topic,from your lecture, now it is easy for me

@HaroldWalden

2 жыл бұрын

Great to hear the video helped!

Now it's very clear to me.I think you are the best of the best teacher.When it was being taught in my university,I didn't understand.Thank you, sir.Thanks for your contribution.

@HaroldWalden

5 жыл бұрын

That’s really nice to hear, thanks mate. I have been trying to make more videos but work and moving house has gotten in the way recently. Make sure you subscribe to the channel, I need all the help I can get :)

You literally have the best micro videos on KZread.. Thank You!!!

@HaroldWalden

5 жыл бұрын

Thanks mate, I really appreciate you taking the time to write a positive comment ❤️ it means a lot

@margaretrakhadani5086

3 жыл бұрын

True that

thanks a lot, my consagrated, you've just saved a young teacher's life from Brazil!

@HaroldWalden

5 жыл бұрын

Haha, no worries. Glad I could help 🤓

@b-y6014

3 жыл бұрын

😂 lol

@maiden5427

2 жыл бұрын

Teacher 🤣🤣🤣

Video came out 6 years ago and still helping me in Econ 300 today! Thank you so much Harold!

@HaroldWalden

8 ай бұрын

It’s amazing how these videos continue to help people. I am so glad I put the effort into making them all those years ago. Hopefully they can continue to help people into the future. 🤓

you've done what my lecturer couldn't do he couldn't give us clear understanding but you've done it

@HaroldWalden

2 ай бұрын

Glad I could help mate! Maybe you should show your lecturer my content. Just to give him another method for describing the concepts. :)

Harold, you are a legend. You've really helped myself and my peers in our mid-term exams! All the best, Zak

@HaroldWalden

2 жыл бұрын

That’s great to hear, thanks for taking the time to leave a positive comment I really appreciate it.

Loved it... It still baffles me how I couldn't derive these functions before. Thank u so much. Easy explanation, easy calculations. God bless you!

@HaroldWalden

5 жыл бұрын

Thanks for the positive feedback, I really appreciate it :)

Great video! Keep it up, keep on making videos like these. Undoubtedly, your hard work will payoff.

@HaroldWalden

6 жыл бұрын

Thanks man, it is really nice to get positive feedback. Just got to keep on keeping on. Do us s favour and tell your mates about me. That would be fantastic :)

Thank you. It's clear and helpful.

wow thank you for making it so easy and clear. love your videos!

@HaroldWalden

5 жыл бұрын

You’re welcome, thanks for taking the time to leave positive feedback :)

Thank you so much you really helped me to understand this.

Excelente explicación...gracias por su esfuerzo y lo animo continuar realizándolos.

@HaroldWalden

6 жыл бұрын

Thanks mate, I really appreciate it :)

THANK YOU VERY VERY MUCH

Thank you so much

thank you so much!

I should have given you my tuition, your a perfect teacher 😊

@HaroldWalden

3 жыл бұрын

I’ll send you my bank details 😉

You are the GOAT!

@HaroldWalden

9 ай бұрын

Thank you for the positive feedback, I really appreciate it. If you want my opinion, @3blue1brown is the Tom Brady of mathematics-related content on KZread.

Thanks so much

Harold you are probably contributed my knowledge on economics more than my professor. Really appreciate. but i have a question: i lost my second good(y) in first order cond. process so i only can find the x and not the y. what should i do if i lost one of my goods in lagrange process?

Thank you so very much for simplifying this.

@HaroldWalden

9 ай бұрын

So glad I could help.

thank you sir. very helpful

Thank you

This was perfect Thank You!

@HaroldWalden

Жыл бұрын

Glad you liked it :)

Smart explanations

The best explanation on the subject I've seen.

@HaroldWalden

6 жыл бұрын

Thanks for that man, I appreciate the positive feedback, if you have any ideas for future videos, don’t hesitate to let me know. Thanks again :)

very good video.

Thanks 😊

Thank you, great work

@HaroldWalden

Жыл бұрын

Glad you liked it!

very clear, thank-you

@HaroldWalden

6 жыл бұрын

I am glad the video helped :)

great video! it helps a lot! thank you so much~

@HaroldWalden

4 жыл бұрын

Thanks for leaving a positive comment. I really appreciate it 🤓

Thanks mehn, lot of ideas i got from here..

@HaroldWalden

5 жыл бұрын

Good to hear, thanks for the positive feedback :)

thank you so much this helped a lot!!!

@HaroldWalden

5 жыл бұрын

That’s really good to hear! Thanks for taking the time to leave a positive comment, I really do appreciate it 🤓

Is there a difference between them when deriving perfect substitutes?

a gentleman made this video

@HaroldWalden

Жыл бұрын

Thanks mate, I did the video a while ago, I am really glad it is still helping people.

Well explained, you made it easy :)

@HaroldWalden

5 жыл бұрын

Cheers, really glad you enjoyed it :)

Thanks for your fruitfull explanation

@HaroldWalden

4 жыл бұрын

No worries, thanks for taking the time to leave a positive comment. I really appreciate it 🤓

Well elaborated . Thanks you sir

@HaroldWalden

Жыл бұрын

Glad to hear that the video helped 😊

Thanks

Thank you!

@HaroldWalden

5 жыл бұрын

No worries mate :)

great job!!!!!

i like it,really clear

@HaroldWalden

6 жыл бұрын

thanks, I appreciate the support :)

Well explained thank you

@HaroldWalden

6 жыл бұрын

Thanks, I appreciate the positive feedback :)

Had a few positive comments on these compensated and uncompensated demand derivations using the method of Lagrange. Fairly important that you know how to do this stuff if you want to continue towards a career in microeconomic modelling.

@ajaj420

6 жыл бұрын

hey good job your videos are very helpful , don't mind the views and don't give up, your channel will grow exponentially, you really explain thoroughly. Thank you , hopefully i ACE my midterm .

@HaroldWalden

6 жыл бұрын

I hope you did too! Let me know if you need any help with anything, I am always looking for new video ideas :)

Very well explained

@HaroldWalden

5 жыл бұрын

Thanks :)

Thank you so much !🙂🤗...

@HaroldWalden

4 жыл бұрын

No problem, glad the video helped 🤓

You are awesome!

@HaroldWalden

3 жыл бұрын

No... you are awesome! Thanks for stopping by and taking the time to leave a positive comment, I really appreciate it 🤓

super good explanation.

@HaroldWalden

6 жыл бұрын

Thanks man! Always good to get positive feedback :)

Thank you very much!!

@HaroldWalden

5 жыл бұрын

Glad I could help 🙂

@HaroldWalden

5 жыл бұрын

Capitol if your looking for anything that I don’t have videos on make sure you let me know. I am always looking for new video ideas 🙂

Very helpful❤

@HaroldWalden

8 ай бұрын

Glad it was helpful!

Thanks a lot it was very very helpful

@HaroldWalden

4 жыл бұрын

No worries, I am glad the video helped 🤓 Thanks for taking the time to leave a positive comment. I really appreciate it :)

Loved it

@HaroldWalden

3 жыл бұрын

Great to hear that the video helped 🤓

Thanks a lot your teaching method is perfect

@HaroldWalden

5 жыл бұрын

Thanks for the nice words, I really appreciate it. If you’re having trouble with any of these topics, just let me know. I am always looking for new video ideas. 🤓

@arefemamian

5 жыл бұрын

@@HaroldWalden that's really kind of you, actually there are less videos commented MRS or preferences about monotonic transformation of utility function like your amazing methed teaching with basic sample. I think I just can learn economics with your method

@HaroldWalden

5 жыл бұрын

@@arefemamian Again, that's very kind of you. But just so you know, if you are having difficulty with any specific problems, let me know and I would be more than happy to try and put a video together on it. Until that time, keep enjoying your economics :)

Very well explained😊

@HaroldWalden

5 жыл бұрын

Thanks mate, I appreciate the positive feedback

thank youuu

Great! Clearest video about this topic on YT !

@HaroldWalden

6 жыл бұрын

Thanks man! I really appreciate it! if you need any other topics explained and you like the way I do it let me know, I am always looking for new video ideas :)

Hey Harold, Great video! Quick question: after you do the partials for each demand function, we get to y= and x=. What are x and y telling us? You mentioned something about MRS... is that the equation for MRS for good x? And once the x and y are optimized (with *) those are our demand functions for those goods right? Lastly, where does the lagrange multiplier come into play? We use it to set these up but it doesnt come up again? What does lambda tell us in these problems? Thanks so much!

@bruno2011gmail

2 жыл бұрын

Well, I can answer the MRS stuff: basically, solving this problem through Lagrange is one way to look at it. The other one is MRS=Px/Py (keep in mind that MRS is equal to marginal utility of X/marginal utility of Y, meaning you derive partially with respect to X and Y, and take MUx/MUy = Px/Py), and taking the results of this process and applying them to the budget constraint will give us the Marshallian demand for good X or Y, depending on which one you isolate. That is why he got to the MRS equation for good X in the middle of the process. I have never tried the MRS process with the Hicksian demand, so I'm not sure if it works or if you can only solve it through Lagrange. As to the Lagrange multiplier, It sure has an economic meaning, which I still do not know :/ Anyway, I know it's been 11 months, but maybe this might help.

Sir I am a bigener ,why Lagrangian function is used in such cases?

what happens if god 1 has a number lets say max u = 5x^1/2 how would you solve dl/dx??

Thanks for this video. However, kindly assist with this below request Marshallian and Hicksian derivative function is needed with (X1 and X2 with power)raise to power function is needed.

Great video! Could you please tell me for this two goods is gross substitute or gross complement? net substitute or net complement?

@HaroldWalden

5 жыл бұрын

Sorry it has taken a moment to respond, i have been crazy busy on my end. Have a look at this explanation: economics.stackexchange.com/questions/4579/gross-substitutes-vs-net-substitutes

Great Vedio. Well Explained.... Your Vedio supports me alot in my studies...

@HaroldWalden

6 жыл бұрын

I am glad it helped 🤓

@HaroldWalden

6 жыл бұрын

Please do me a favour, subscribe to my channel and let all of your friends know about me. As a small channel, I need all the help I can get :P

@adhrisyachandran2675

6 жыл бұрын

Harold Walden sure.👍

@HaroldWalden

6 жыл бұрын

Thnaks :)

Good explanation

@HaroldWalden

4 жыл бұрын

Cheers mate, glad it helped. :)

What if the utility function = x^2+y^2? The answer would be the same since the constants will be cancelled out?

@HaroldWalden

4 жыл бұрын

Check out this video I did, I feel like it may help answer your question. kzread.info/dash/bejne/oW2Xra6Mm6SsYNY.html Let me know if you need any more help :)

Hi, thank you so much!! your videos are really beneficial. Can you please make a video on compensating variation and equivalent variation. and how we calculate them.

@HaroldWalden

4 жыл бұрын

That’s a good idea, when I get a moment, I’ll put one together and give you a like if you like. 🤓

@nourkarim2721

4 жыл бұрын

@@HaroldWalden yes that will be great

Educative

@HaroldWalden

5 жыл бұрын

Glad I could be of assistance. Thanks for watching :)

HELPFUL

@HaroldWalden

5 жыл бұрын

Glad it was :)

thanks bro

@HaroldWalden

9 ай бұрын

No problems 🤓

شكرا

@HaroldWalden

5 жыл бұрын

مرحبا بك :)

Thanks a lot, very helpful! :)

@HaroldWalden

4 жыл бұрын

Thanks, glad you liked it.

plz upload some videos on numerical problems on CV and EV,on S.E. and I.E.,thank you

@HaroldWalden

6 жыл бұрын

If you can be more specific that would really help :)

@HaroldWalden

6 жыл бұрын

@tapaswini mishra I would love to but I have no idea what your referring to with those acronyms 😢

@chloeding5098

6 жыл бұрын

I think the first two stand for compensated variation and equivalent variation

@HaroldWalden

6 жыл бұрын

Thanks I’ll have a look and see what I can do!

u are great skateboarder, educator and economist :) i want to be like u

@HaroldWalden

5 жыл бұрын

Thanks mate, there are not enough ways that I can like this comment. Just keep doing your own thing and don’t listen to anyone who tries to pigeonhole you - that probably the best advice I can give. :)

Thanx sir. Well delivered the lecture but one request...... Plz move the mouse less and according to the need.

@HaroldWalden

4 жыл бұрын

Thanks for the feedback mate. It is a common complaint. I have made an effort to improve it in my more recent videos 🤓

Do you have a whatsapp group where we can forward questions? This video was really beneficial thanks alot.

@HaroldWalden

Ай бұрын

I have an email address: harry.w.walden@gmail.com

britain?

@HaroldWalden

2 жыл бұрын

I live in Australia.

Indian

@HaroldWalden

Жыл бұрын

I think you’ll find I am from Australia mate. 🇦🇺

Thank you so much

@HaroldWalden

3 жыл бұрын

No problem 🤓

Thanks

@HaroldWalden

9 ай бұрын

No problem, it’s my pleasure 🤓