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Diminishing Returns and the Production Function- Micro Topic 3.1
I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com
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By the way, I had some songs from West Side Story in my head while I was filming.
Пікірлер: 784
You are the best ECON teacher ever
@badooral-holibi2281
5 жыл бұрын
hand up
@mashootatoes
5 жыл бұрын
@@badooral-holibi2281 jacob clifford teaches microeconomic concepts in 60 seconds while my teacher takes 3 classes
@khoshnawRahmani
5 жыл бұрын
Not only the best econ teacher but also the best everything teacher
@gunjanjain3126
5 жыл бұрын
Yes..
@nyx_bts4992
4 жыл бұрын
@@mashootatoes At least your teacher tries to do something in class. My teacher doesn't even explain lol. She just showes a powerpoint presentation that has the EXACT explanation and examples as the book. Heck she doesn't even get up from her seat to solve a few exercises. And then she tells us that she will prepare a super difficult final exam in the end🙄
I just realized.. with the right teacher, no subject is boring 😅
this dude explain way better in 5 mins than stupid parrot lecturer who only read powerpoint slide for 2 hours lol
@blank.9301
5 жыл бұрын
Yep, that's why I'm going to study online
@Rizzhi16
4 жыл бұрын
true
@ieatalldayandimstillhungry626
4 жыл бұрын
Do you & me have the same teacher???🤔😂
@DrSam86
4 жыл бұрын
Absolutely!
@mikecheuk
4 жыл бұрын
Gold
I don't know why but I want to give this man my tuition fee for my ECO class. 1 week on online class with confusion and this man make me understand in 5 minutes. absolute legend
Never found economics soo interesting before. simply you are awesome.
@JacobAClifford
7 жыл бұрын
Thanks :)
You've explained it better under 6 minutes compared to my university professor under 2 hours.
@yasirarafat1872
Жыл бұрын
right
this man, WHERE HAVE YOU BEEN ALL MY LIFE!?!?!?!?
you save my life, you save my FINAL! THANK YOU!!!
@JacobAClifford
8 жыл бұрын
+anabel S You are welcome
Who is here because of online class?
@brianmanerama9328
3 жыл бұрын
I'm not alone.😄😅
@chiyan9052
3 жыл бұрын
Kween lenh leng HAHAHAHAW
@deathstroke8639
3 жыл бұрын
oh yeah. Good old McGraw-hill ain't helping chief and the professor has office hours during the times I can't meet him and he never posts lecture so my true professor this semester will be youtube(which will be mostly Jacob).
@ee-tm1sx
3 жыл бұрын
yes.
@Rosee45
3 жыл бұрын
In which grade you'll are ?
I have no words to express my appreciation to you. I wish I was one of your past students who had the privilege to experience you as a teacher. Just for one day. Awesome work!
Thanks for these videos! They turned what seems like a foreign language, and quite dry at times, into something fun, relatable, and most importantly, understandable.
@JacobAClifford
8 жыл бұрын
+Jason Horta I'm glad that it made sense
@shwetathakra1280
5 жыл бұрын
Your videos so good it's make learning easily so thank you very much
@ashneelram837
3 жыл бұрын
@@JacobAClifford hi Mr.Clifford I would be really grateful if you could make a video on marginal rate of technical substitution I am having a lot difficulty in understanding the different formulas applied.
You are just amazing.... This 6 minute video made me understand the concept better than an hour of reading.... Regards from India!!!
I am just so grateful to find this channel. WAY BETTER than my professor.
Jacob, thank you so much for taking the time out of your life to make these videos for us. I hope you know how much it helps thousands of students.
Before watching this video I was like: I hate economy After watching I'm like: Economy is fine.
Imagine he just explained it in just 5 minutes and 53 seconds I understand it immediately thank you so much you are the best ❤️
U r amazing. My teacher is good but u literally covered his 1 hour lecture in like 5 minutes
I wish I had teachers with this much drive in all of my classes! By far best guy to learn from on the internet.
Hello Mr. Clifford, thank you so much for making these videos, they are very helpful. I am taking Microeconomics this semester, so I use your videos for any concept learned in it. May God bless you for your help. I am 100% sure that you help many people like me. I believe that I will get an A in this class, and I am taking Macroeconomics in the Fall 2017.
These videos are great!! I missed a lot of classes and I do not learn very well with my test book. You make it so much easier to understand this stuff. I am not panicking anymore ahah. I have a final in a month so I have lots of time to study, catch up in my course, and watch your videos. I am thanking god right now I found this!! Thanks!!!!!
Truly agree. I am almost 50 years old, back in college and anytime I need clarification on an Econ subject, this is my go to resource. Thank you!
Too good. You make economics fun to learn. Wish you could be my professor in College.
My friend and I purchased the packets (of course, separate purchases as we’re not jerks) 😂 and passed our Micro and Macro exams from CLEP. We did it while working full-time and with minimal preparation because your videos are AWESOME and really helped/equipped us with all the things that we needed! I want you to know that ACDC Econ reached the other side of the Pacific (Philippines 🇵🇭) and I will continue recommending it to my friends and colleagues. ❤️ Thank you Mr. Clifford for all the learnings and Econ herpes! You rock! 🍺
@JacobAClifford
5 жыл бұрын
That's great. I'm glad I could help. Thanks for watching.
Mr Clifford is the BEST BEST BEST BEST economics teacher ever, he cuts the crap en explains the important, good to know stuff. Guys do yourself a favor and go get the Ultimate Review Package for more exercises if you didnt already, to keep Mr active on youtube. He puts in sooooooooooooooo much effort for us.
Seriously, thank you so so so much. Your face-to-face students are lucky to have a teacher like you. I bought a review pack, not just to improve/engage, but just to support the cause. Thank you. For those about to rock...
These videos have been so helpful to me while studying for my econ 103 final. Thank you so much!
@JacobAClifford
8 жыл бұрын
+Kaylin Schupp Great. Youa re welcome Kaylin. Please subscribe and tell your friends. You rock!
Jacob Clifford you are a legend in my books. You tend to make this subject more than interesting-You actually make it cool. Well done and thanks a million!
As great as my teacher is now, I wish this guy was my microeconomics teacher. He explains these concepts in ways that are easy to understand. Thank you so much! Great video series.
Now, economics becomes fun. I'm used to frowning every time my teacher explained Econ lessons, but this guy, even though English is my second language, his explanation is very understandable.
dude helped me understand basic econ in 5 minutes better than I did in a college classroom :/....SUBSCRIBED!!!
You make things so easy and fun to learn. I don't know what I would do without your videos. Thank you
You are the best Economics teacher ever...whenever I am stuck I just check your videos and then I am good. Thank you, thank you and thank you.
Mr. Clifford you actually saved my life would have failed my economics module if it wasn't for you, i owe you so much! Actually enjoying learning from all these vids! You deserve some kind of award!
@NicaKasende
3 ай бұрын
6 years ago 😅 and his still saving lives rn
THANKYOU SO MUCH for being a life saviour in the last moment, You are really helping me reduce the tension i have for the exam, May god bless you sir❤
I'm finishing my last classes, did macro before micro but you got me through it easy. I consider you my real economics professor because you teach more in 10 minutes than most professors do all semester. All the best in the future sir.
Your videos are pretty amazing! I just graduated high school a week ago and one of my favorite classes was my junior year AP Macroeconomics class. Now, I'm entering college in the honors program as an Econ major and one of my classes next semester will be Microeconomics. Your videos are incredibly fascinating and they make total sense! Thank you so much for making them!
Mr. Clifford is the best teacher! online or offline!
I am so glad no one is at home with me right now because I am literally in tears because you just saved my "college-life". I assimilate and even make the correlations between econ theory and real-life pretty easily but it often takes a lot (and I mean a freakin lot) of time to actually read the theory. I have adult ADD and was just prescribed Adderall which is helping immensely but this single six-minute video just saved me an hour of reading and re-reading to ensure I understood and retained these concepts. Thank you so much! Please keep doing what you're doing! I'm totally subscribed and will definitely share!
Best!!! No more boring econ classes, I wish I had a teacher like you in my uni
you are just the best, I wish every teacher could explain topics to the understanding of students like you do. Above all, I would conclude by saying you were born to teach and not made.
You have seriously helped and taught me way more than my actual teacher thank you so much for making these videos I don't think I could pass this class without you :)
A whole 2hour lecture summarized in just 6 minutes,thank you
You have taught me so much more than my econ teacher ever could. Thank you so much, Mr. Clifford
I learn more on your channel than in my classroom.
Thank you so much Mr. Clifford! You are serious saving my life in Micro! My prof is so boring... you are making micro so much more interesting! I am sure that I will get a much higher grade on my midterm with you're video!
@JacobAClifford
8 жыл бұрын
+chanelle lavictoire I'm glad I could help Chanelle. Please subscribe and tell your friends
You are one of the best economy teachers i've ever seen. Thank you so much!
Literally I was so lost in lectures. I had about four 3 hour long lectures and still couldn't understand my professor. Then I watched your videos and within a span of two hours I learned everything I needed for my midterm
Hi Jacob It is my first time studying Econ and I am enjoying your videos.
@RusKeyMC
5 жыл бұрын
Tebogo Boroto Me also
Briefly, you make economics so interesting.thank God because of your existence.🤲💖🌹
thank you,you explained it so much better in 5 minutes. dont get why i spend 3 hr in class for this topic.
based teacher, based video, based human being, based teaching, based face, based belt, based voice, base hair, etc.
It's crystal clear. I could cover all the unclear points with me on microeconomics. It's just short & sweet and you have explained the complicated concepts very practically and simply throughout your whole series of video lessons. Most important thing is all your videos are very attractive:) They didn't make me boring at all . Thank you very much!
You're better than my Manegerial Economics teacher and this kind of videos really helps a lot because we have online classes.
Your amazing and helpful without you it was impossible to get marks above the average. thanks for everything..
You explain everything in 6 minutes so much better than my crazy teacher who took one hour to do it & I still didn't understand. Thanks so much
this is my primary rule in my life. Life is so short. And there are many things we can do. Always use my time for something with increasing marginal returns. And stop wasting time once it entered into decreaing marginal return. Thank you teacher.
This is so easy to understand!!! Thank you so muchh!!! My finals is coming but and this is really help me out!
Hi, Mr. Clifford. I have no idea if you read these or not, but believe me, you are awesome! You have probably saved my final exam, and you explain concepts in a much easier way than my actual professor. Thank you so much for these videos! I know they're a lot of effort and you almost certainly don't get paid, so thank you!
@JacobAClifford
7 жыл бұрын
I do read them. Thank you for your kind words. I appreciate it. Thanks for watching.
@jamiesherry9501
7 жыл бұрын
You are welcome!
economics teacher + fun is a rare combination, which is you ....thank you
My econ teacher literally uses your video for class. So you are technically my teacher. Thank you
It takes All the semester to me and still didn't got it , now i got it in 5 minutes !! You're the best
youve teached me 3 weeks worth of lecture you are amazing
This guy explained in 5 minutes what my college professor could’t explain me in a 2 hour lecture
Are you guys here too because online classes has failed you ? :(
@NicaKasende
3 ай бұрын
Nah, physical classes have failed me.
why am i just finding you a half hour before my microecon final? i needed you before my first exam lol
I have learned more in 6 mins than what I learned from an hour long class at my University. Thanks a lot! :D
I DONT HAV WORDS TO DESCRIBE HIS AMAZINGNESS; HE IS THE BEST TEACHER I NEVER EVER HAD
M not in economics, not my subject. but my work needs me to know this law.. and I am blessed I found U!! thank u so much !!! PHEW! m following you yes!
He is so creative with the video it makes it a lot easier to understand and remember
You are an amazing teacher ! I am studying ECON in china. I have no idea what the lecturer is saying so I always go back and watch your videos .
A very good video, the part that I loved was where you added the practical part, you showed how it can be used in real life, I like that. Thanks
A lot of my time and effort is going to be saved and I've just started watching this video and I know my concept are going to be cleared.
You are better than my professors at the world's best university! you took only 6 minutes to explain something that they took 2 hours and still I couldn't score well in my midterm!
ur teachng is awesome, Mr.Clifford.....u made my learning easier..and now before opening my book, i am just listening to u,so that i can readily understand the contents of my book which run off to pages..thank you
@JacobAClifford
8 жыл бұрын
+Manassvini R You are very welcome
This man is a god among men. Fortune has smiled upon us by blessing us with this master of Economics.
Great once again ! The only sections i did not understand was this .. And market failure as a whole . I used all of your videos to warm up , essentially , for my exams and it worked just fine . Keep doing what you're doing ! Good day sir !!
I'm 100% depending on you videos. Thanks for your interesting videos. I have an exam in 8 hours.
i am watching this basically at midnight. This video is very epic and helped me understand the topic
I really like Econ through these videos! So entertaining and great during this covid19 online learning.
Economics exam tomorrow and you just made this a lot easier.
Your videos are the only reason I passed micro
Thank you so much sir ....I won't lie but my university professor also explains in a very easy manner but due to online classes and network issues I can't get hold of the concepts..Your lectures are very helpful ....Once again thank you
Who else liked the video before they even start watching it?🙋🏾♀️😌..previous videos are very helpful🙌🏾
Never understood microeconomics until I found your videos so thank you so much!!!
Your videos are just awesome. They tell you EXACTLY what you NEED to know in a way that students can easily understand! Thank you!
Its 2021. Your videos are able to age extremely well.
this man is helping me graduate college. I wish my econ professor would explain like you. My professor makes class sooo boring
Hey! You are amazing, I am glad I found your channel. I was in tears and desperate because I am having some hard time to learn all I need fast enough to be ready for the exams, struggling! But now I am having fun and laughing a little with you. Plus I am learning too! Thanks!
You’re amazing! Thank you for helping us! It’s not easy to juggle working full time, life and online MBA ECON classes at the same time. Lol I honestly can read the book 1000x…. But I can never follow. Now i just watch your videos first. I feel so much more prepared! Thank you, thank you and thank you!
This is so amazing now I can do it by myself, thanks a lot sir 🖐️🇨🇲
My stupid book was 'explaining' this topic in 6 pages but I wasn't understanding anything. Now that I watched your video, I got every damn thing
Hey Mr Clifford. I cannot thank you enough for the knowledge you share and the way you make it simple for dummies like us! lol By the way, since I live in Iran, I cannot buy your URP. You know because of sanctions it's impossible for me to have an international credit/debit card! I am ashamed of learning so much from you but not paying for your hard work and generosity. What you demand is way lower than what your work deserves.
@khoshnawRahmani
5 жыл бұрын
Is there any other ways to pay you the money?!
The BEST ECON professor ever !
You are the best! I never thought I would understand these concepts in a very easy and simple way!
I should've watch your videos on the first place. You literally explain my 2 hours lecture in just 6 minutes.
Hi Sir im from india and i think you are the best economics teacher i have ever come across...
I am so happy I discovered this channel, the way you explain stuff is sooo innovative, I just can’t get over your teaching style!
thank goodness I found this video... Im draining my brain reading books and listening class lectures only to have more headaches .
The world needs more of you.
seriously not afraid of the econ exam after watching this. Indeed fell in love with econ. Awesome explanation :)