No video
Supply and demand in 8 minutes
I made this video to give you a quick overview of supply and demand. I cover the law of demand, law of supply, shifters of demand and supply, shortage, surplus, and changes in equilibrium. I go pretty quick so watch the entire video first before you try to take any notes. Also, be sure to practice, practice, practice. Thanks for watching. Good luck in your econ class.
Need more practice? Check out my Ultimate Review Packet
www.ultimatere...
Teachers, check out my worksheets for AP Economics and Standard Economics.
www.acdcecon.c...
Пікірлер: 358
These 8 minutes have been more beneficial than 4 weeks at my college.
@immunexprocubing107
Жыл бұрын
Fr same
@gkmaster5382
Жыл бұрын
So true bro
@play_b0i792
Жыл бұрын
Too real
@shauryavijay275
Жыл бұрын
Same here
@crome2021
11 ай бұрын
SAME FR
Love from Afghanistan, the saddest country in the world. But one of your loyal students for ever sir .love you.... .
@Commander6444
3 жыл бұрын
Love back from Canada. Please stay safe.
@sadmansakib569
3 жыл бұрын
Secular?
@soumyaneelmanna3097
3 жыл бұрын
1. Study Economics 2. Infiltrate Taliban 3. Manipulate them to adopt secular/liberal economic policies for more money 4. Liberalize the country by 2-3 generations 5. Profit
@caseyjames6800
3 жыл бұрын
Stay safe man
@hetaeramancer
2 жыл бұрын
@@Shivdadarwal i thought indians hate muslims, theyre racist too right?
Thank you so much Jacob Clifford. your lessons are brilliant and saved me so much time on my assignments. I also have a much better understanding of business due to your excellent teaching style. Wish you were all of my lecturers. Thank you xx
You've made me talk more about economics than my current teacher ever has
This man is really pedagogical to teach, I've learn more with this videos than in one period of university. Thanks.
@ugnevicinaite
Жыл бұрын
what are you studying in uni?
The best teacher on the entire planet and in history
@chucklesometube7834
2 жыл бұрын
Agree
@arjungupta3095
2 жыл бұрын
Agreed.
@dregolas9023
2 жыл бұрын
I thought Hank Green was the best teacher on planets and John Green was the best teacher on history
@ibrahimalbishi7436
2 жыл бұрын
Agree ٪
@LapissHamster
2 жыл бұрын
MHM
I spent 3 hours watching and taking notes on an Econ lecture yesterday. Your video taught me more in 8 minutes! You should have a tip option on your channel. You deserve it lol
Thank Jacob I was really struggling to understand supply and demand curves applications your video was so refreshing it breaks it down to its small detail whereby I could understand It. For two weeks I was trying to get the concept through reading my text book watching countless videos all of them just confused me even further I so happen to see your title 8 minutes you can learn about supply and demand and I was about to ignore it, I said another person just saying this because the want you to click on their video well you proved me wrong it did exactly what you set up to achieve. Now I can approach my homework with more confidence that is due tomorrow. Now you have me falling in love with economic. Thank Jacob.
Mr. Clifford helped me get through my MBA microeconomics course! Fun and interesting- one of the best teachers I have ever seen!! I cannot say thank you enough! BUY THE REVIEW PACKET!
As a teacher of economics, I think Jacob's passion and enthusiasm alone make him in high demand!! You are a great compliment to my own classroom!
You sir, are a lifesaver. I am struggling at microeconomics at my college, and this channel has been such a huge help. Thank you very much and god bless you :)
As a social work student doing microeconomics module...This has helped me a lot.. imagine i don't have any background of economics nor any commercials subjects ..i really appreciate 🙏
You prepared me for the test in 8 minutes....wow ! keep up the good work !
law demand > menunjukkan hubungan terbalik atau inverse relationship antara harga dan kuantitas yg ditawarkan dan mampu dibeli konsumen, saat harga naik jumlah barang yg diminta turun dan saat harga turun jumlah barang yg diminta tinggi there's three reasons for the law demand 1. susbtitution effect barang pengganti > menggerakkan kurva 2. pendapatan 3. law of diminishing marginal utility
My test is tomorrow and now I suddenly understand
@JacobAClifford
5 ай бұрын
Awesome! I'm glad I can help. Good luck!
Thank you sir. I'd never been to eco but since I had to learn it as minor subject, my brain couldn't keep it together and had no idea what's happening due to teacher's Malaysian accent and vast magnifying until i see your video here.
Hello jacob! I really want to say thank you very much from the bottom of my heart. ❤ I am so happy that i watched your videos. Our board exam just ended yesterday and economics was included. I was frustrated that i don't have time to study econ and just keep watching all your videos, and i really nailed it yesterday specially on macro ❤ so thank you!
Thanks Jacob. For whatever reason, both the professor's lectures and the book material explain everything superfluously and in a way that twists your thinking. Thanks for your videos and explaining it as clear as day.
@ohgodagrowth
2 ай бұрын
Wondering if you were in my class last semester lol I'm retaking macro this summer rn bc there's a different teacher.
Self studied for AP Micro and couldn't have done it without Mr. Clifford! Thank you so much :)
I was seeing professor slides for more than 2 hours, this video made things clear for me in less than 10 mins. Good work Jacob. You are too good in explainng things at fast pace as well.
thank you so much. this is the night before 3 big exams and i had no clue what was going on. you saved a life today
Am glad you still.around...was watching your video from 6 years ago and praying that you still.posting.yeey😄
Thank you for this - currently using supply and demand to understand the market forces that impact housing prices and development
You're an amazing teacher. I've been watching your videos since I was in college. Now I'm taking my masters degree and your video is still very helpful to me. You explain in a fun and easy to understand way :)
Let’s face it no one cares about supply , demand and all this jazz . Unless you’re studying and then your content is GOLD!!!! Thank you wise man.
Mr. Clifford is awesome! My school did a block schedule and so I had to learn Micro + Macro in a span of 3.5 months. Mr. Clifford hard carried me through it all, and helped me get me a 4 and 3 on the AP Tests!
Thank you so much these 8 minutes taught me what i would lean in an hour and still not understanding again thank you
Great video to review Supply and Demand prior to a test! Will definitely make these concepts memorable to students who have had some "hands on" experience with these concepts prior viewing. Thank you for updating your videos!!!
You’re a fantastic instructor and video creator. Thanks Mr. Clifford!
i think he just saved my life
Big bro came back as soon as the semester started. I'm in my third year as an econ major. Your videos has helped me so much.
Thank you so much, I have a test tomorrow and I only watched like 10 of your videos and I think I'm ready for it. Keep uploading you've got some viewers like me! :)
3:41 in, this is the best video yet Iv'e watched about the topic. only thing i'd adjust so far, is explicitly state that supply regards PRODUCERS, and demand regards CONSUMERS, even though it seems obvious. This therefore assumes there is a middle man.
Love from Bangladesh. Thank you for your 8 Minutes that was more beneficial than 6 hours class of my University.
economics quiz tomorrow. this made the lessons so much clearer. thank you!
@Big_body_bitch_with_an_opinion
Жыл бұрын
My econ final is in 3 hours good luck bro !!
@queenofcrowleys
Жыл бұрын
@@Big_body_bitch_with_an_opinion how was it? i aced mine! ;)
@Big_body_bitch_with_an_opinion
Жыл бұрын
@@queenofcrowleys i haven’t gotten my results yet but I’m pretty sure I did well I’m still super nervous about it tho😩 and congrats bro!!!
@queenofcrowleys
Жыл бұрын
@@Big_body_bitch_with_an_opinion goodluck! im sure you aced it too! congrats in advance!
I recently passed my CLEP test and I am so thankful to you. The ultimate review packet is totally worth it. I can not even say enough how good are your videos are. Thank you!!
You have no idea how thankful I am for the effectiveness of this video
This is perfect explanation of supply and demand.
Literally came to KZread for last minutes revision and saw this video. Really helpful Thank you so muchhhh❤
For the longest time I had the misconception that the higher the quantity supplied, the higher the COST needed to produce all those goods. (3:24) Hearing this explained in the perspective of the seller wanting to produce more quantity if the price is higher to make profit makes more sense. I guess I'm just awake this time or something but it clicked and I finally realized that it's PRICE to Quantity not Cost to Quantity.
Thankyou sir i didn't understand my classes well so i came checking any good classes on youtube after reading notes and coming to your class it totally boosted my confidence 🙏👌✌ it's not good its just an amazing class
Thanks so much! Have my finals in 3 days, wish me luck guys! Ill update you when i get the scores 😊
@deadotz3175
2 жыл бұрын
is your final good?
@notengonombre_
2 жыл бұрын
Its been 3 months, how was it?
@stopthecap4317
Жыл бұрын
@@notengonombre_ They failed
@notengonombre_
Жыл бұрын
@@stopthecap4317 F
American accent is just so good
Thank you so much Sir Love from Bharat (India) ❤️
I've always struggled with microeconomics and macroeconomics. Your video is very helpful.
oh I m lucky to see this pedagogy teacher ❤❤😊😊😊
I watched your 2014 videos then and there i fell in love with way you teach. You are amazing sir! You are helping so many students each year by your videos. The level of efforts and creativity you add in these videos is commendable !! ~ A Btech Student from India.
1:40 was an absolute light bulb moment. Why it took me so long I'm not sure lol but thank you!
Saying thank u for all of this amazing explanation is not enough .
Good to see you again, you change a lot but your teaching style as effective as before
I am learning microeconomic recently. Your lesson really helps me. Thank you!
ya all I spent a month in school with full focus and attention only to get fail marks in the mock exam then there is this who just comes into my life like a genie and I wish to be an economic expert and he just says wish granted
so much better than my teacher, btw, i only came to this channel because my teacher put some of your videos on in my class
Modern States offers free courses. One of them is microeconomics. I can tell they’re giving me all the information I need to pass a CLEP, but it has been making my brain melt. I needed animations to “see” and understand supply and demand curves so thank you for this.
@choffman9915
Жыл бұрын
I'm taking macroeconomics through Modern States and I hate it!! I bought the ultimate review packet and I'm already feeling better about it. Just gonna skip through modern states to get the voucher now lol
“Puts pen and paper back in bag” yes sir
Wow, so good and sound teaching.
watching this the night before my exam after taking classes related to economics for 2 years lmaooo a life saver
i passed my commerce test cuz of u thanks bae
Watching this right before the exams coz I’m cramming rn😭😭😭
microeconomics midterm in 2 hours this really helped
Thank you so much for your videos Can't wait for more
Excellent video, easy to understand. Thank you for sharing this with us.
You Sir, just saved my life. Thank you🤜🏾🤛🏾
awesome content came here to learn for an assessment 8 minutes had ton of information will watch videos as well.
I can't understand what my eco teacher teaches but i can understand what this sir teaches ☺️😂
@minvs
2 жыл бұрын
hi my lollipop!
@sugaslolipop
2 жыл бұрын
@@minvs hi my y 😂
i never understood the price changes, but you made everything clear now, tysm
sir thank you for everything I understood everything well with u otherwise I couldn’t
Thank you Mr Clifford!! So so helpful!
Excellent work
love from tamilnadu(INDIA) sir
I knew about this in detail already, this just jogged the memories, good work
Best Econ teacher, loving the beard! 😊
@TOMINTOM-si8hd
Жыл бұрын
Úr the best bro
I studied this on the last year of highschool and it took me a lot of time to understand it before University entrance exam
Best channnel ever thank you literally a life saver ❤
You made this so easy to understand, thanks!
Amazing stuff….simplified. Thank you Sir.
Consider the US market for loans. Draw a supply demand diagram (label the axes carefully) for this market and show how the curves behave as US interest rate rises.
Your Stuff helped me pass all my courses with Econ involved thanks man 😭
people like him and heimler run the world
I learned so much from this video than the 60 page book from my school
Thanks bro, this is helping me prepare for my FBLA exam
Yu are my new lecturer l understood everything perfectly
nice video👌👌
the most useful vid I've ever watched on youtube😼
@JacobAClifford
5 ай бұрын
Wow! Thank you.
Hello. Thank you for an amazing video, it was fast but very informative and understandable.
Man this is very comprehendable
Sir saved me some precious time. Thank you very much!!
we love you your the reason I am gonna crack it tomorrow
Just watched my lecturer try to teach this in 40 min and got no where, and now i know in 8 min
The price, y axis, is that price per item or total of all the items. Normally, price per item is cheaper as quantity increases, and this is due to efficiency. So, i assume that this is total price of all items
The fact that you are also a PSYCH fan made me understand this video so much better (LOL). Thank you for the video and the effort you made into making this. Cheers!!
Very nice video.! I was wondering about a different topic around Supply and Demand. For the past 10 years i've been playing a game called World Of Warcraft. A common issue with the game is that people playing it need "GOLD", a currency that exists in the game. To acquire this currency, players have to spend time and effort into a spesific kind of gameplay that most don't prefer. Over the many years that this game is around, there are people selling "GOLD" in return for real life money. To avoid that, the company has marked this transaction as illegal and basically punish players by temporarily make players unable to play the game to even permanent punishment. The hot topic around this issue is who's at fault. Players who seek out illegal means to get gold or people selling them. For years i've wanted to buy gold but i'm scared of the consequences, so i've always been of the opinion that people selling are at bigger fault than those eager to buy. Any opinions around who's at fault in a problematic Supply and Demand situation ?
Sir, please explain the supply and demand chain on currency? how mathematics model and system workM
You taught me what they couldn't teach me in 6 weeks really bro👏👏👏👏
Very useful, bless you Mr
Sir Clifford, very well said! Thank you so much!
Hi! Quick question: the left and right shifts seems to have a vertical element…is this so that it can fit on the graph or is it accurate? For example supply left shifts @4:15 due to taxes. Is that left and up? Also, I was trying to show my roommate how the supply of iPhones would drastically lower should all manufacturing be brought to the U.S. due to the astronomical rise of labor costs. How would that fit here? A shift to the left under price of resources?
hey, you look so much better with the beard, the other is the gooffy clifford, now this is jacob the man
Love your videos! One of my favorite channels by far.