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Taxes on Producers- Micro Topic 2.8

I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
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  • @sarahs9553
    @sarahs95537 жыл бұрын

    this makes so much more sense in 5 minutes than it did in the two hour lecture

  • @hassanshahid7494

    @hassanshahid7494

    7 жыл бұрын

    Sarah Strehl totally agree with you

  • @kannoughada4315

    @kannoughada4315

    7 жыл бұрын

    Ikrrr !!!

  • @Wangz5228

    @Wangz5228

    5 жыл бұрын

    Sarah S omg sammmmmmeeee

  • @andreaivanna2185

    @andreaivanna2185

    4 жыл бұрын

    AMEN SIS

  • @alifbayramov8854

    @alifbayramov8854

    4 жыл бұрын

    Same

  • @10pmmemes88
    @10pmmemes885 жыл бұрын

    Professor Clifford, I just want to say what a wonderful service your economics videos are. As an undergrad who is frustrated by my Econ professor (who seems to like puffing his intellectual chest by making elaborate points and examples) you really seem to prove what a good teacher looks like. A good teacher is not someone who can assert their intellectual superiority by impressing dummies like myself, but is rather someone who can explain a complex theory in a simple, and understandable fashion. Thank you so much for making these videos free as they are vital for struggling students like myself, even 5 years after you have created them!

  • @guptabhishek

    @guptabhishek

    3 жыл бұрын

    Shared the sentiments. Couldn't have said it better myself.

  • @benrawarg

    @benrawarg

    3 жыл бұрын

    I hope he got to read this.

  • @troypetersen5421
    @troypetersen54218 жыл бұрын

    Econ final in 12 hours. only wish I found these videos sooner. Pray for me

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Troy Petersen Good luck

  • @Apiabdul

    @Apiabdul

    8 жыл бұрын

    me too, it really helps me a lot to understand economy subject better

  • @paarthsharma7063

    @paarthsharma7063

    6 жыл бұрын

    this is so stereotype....o my exam is in 12 hours, and thank god i found this,,o my exam is in 2 days this video saved me. So stereotyped...

  • @paarthsharma7063

    @paarthsharma7063

    6 жыл бұрын

    and cliched

  • @Owlcrafter

    @Owlcrafter

    6 жыл бұрын

    whats more "cliche" than calling something cliche?

  • @jaselinmunoz3672
    @jaselinmunoz36724 жыл бұрын

    Wow. When my professor was explaining this lesson, I was overwhelmed and completely confused. Now I completely get it thanks to you. You save lives. Thank you!

  • @krischarles5418
    @krischarles54186 жыл бұрын

    lets take a moment of silent to bless and thank god for this man

  • @amakhamthembu6872

    @amakhamthembu6872

    3 жыл бұрын

    Bless him

  • @pooyanhatami8090
    @pooyanhatami80907 жыл бұрын

    Things that I never learned in lectures and self-study, now I've become master by merely watching them on this channel and more importantly in just a few minutes. Tons of thanks for this extraordinary channel which made things quite understandable for all its followers.

  • @thereader5906
    @thereader59066 жыл бұрын

    Dude, you're the kind of guy who I would pay ridiculous amounts of money so you could perform seminars in Universities and Colleges on "How to hire professors". The thing is that it is not just this course that makes you a "cool prof." it is actually within your nature to be like that and this is an attribute that needs to be present in a hiring process of a professor. Your communication style, in general, has a positive effect on students and you connect well with them, I haven't seen you in person but I'm pretty sure this is the way it is. I'm pretty sure that students even tend to talk about their problems outside of the class with you as well. Lastly, please keep this up and I'm not going to say "hopefully every person teaches like you do" because then there wouldn't be much appreciation for people like you!

  • @kelebogilemokoka5617
    @kelebogilemokoka56172 жыл бұрын

    Sir....Hats off to you!! You helped me in High School and now in University!!! I will NEVER stop recommending your channel to others!!! Thanks a lot!

  • @Tube27184
    @Tube271849 жыл бұрын

    Much easier to understand than our Prof. :)

  • @WZLR
    @WZLR8 жыл бұрын

    Can't thank you enough. Really enjoy the enthusiasm and upbeat attitude in the videos, really helps with staying engaged!

  • @sharonneedles2555
    @sharonneedles25552 жыл бұрын

    This video actually blew my mind with how clearly and effectively you explained this topic.

  • @christianfleming9449
    @christianfleming94495 жыл бұрын

    All it takes for Econ teachers to make a little bit more sense is attitude. Everyone knows listening to economics for two hours straight is boring. Any teacher willing to keep the students attention are going to be winners 🤝

  • @piperjeonghokim319
    @piperjeonghokim3197 жыл бұрын

    Mr C can still makes me crack a smile even when I'm cramming for my econ test at 1 in the morning XD Thank you so much :)

  • @thatnewguy5298
    @thatnewguy5298 Жыл бұрын

    This guy is what we call a economics legend thank u sir .I could say before I found ur channel I was seeing flames in my papers 😂 after watching Ur videos and making notes I'm finally understanding this module in university

  • @mustaqeemrajpoot5632
    @mustaqeemrajpoot563210 ай бұрын

    Prof. Your 5 Minutes Video Is better Than Our 1:30 Hour lecture Really You are a Magician❤

  • @benripka6977
    @benripka69778 жыл бұрын

    You just taught me my ENTIRE Econ 101 course in 2 days. I appreciate you. hahah keep it up !

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Ben Ripka Great! Ben, return the favor by telling your friends and subscribing. Thanks

  • @brindleyadolphus4905

    @brindleyadolphus4905

    3 жыл бұрын

    @@JacobAClifford hahaha You got it

  • @ivydeng4050

    @ivydeng4050

    4 ай бұрын

    Can I assume who ever is more inelastic pays more tax?

  • @hughettecampbell1010
    @hughettecampbell10103 жыл бұрын

    this man save my life, I have a quiz every Wednesday, each quiz five percent of my final grade, so far the lowest I've gotten is 60% and that was only one quiz.

  • @sevak-q1m
    @sevak-q1mАй бұрын

    its so amazing that a video made by you 9 years ago continues to be so very useful...and crayzily funny

  • @penpendoggo
    @penpendoggo3 жыл бұрын

    HEY YOU! Fellow high school econ student! if ever forget what goes to the government look for the box with "wings" (the left a right wings haha) .The money that goes to the government will alway be the box with triangles on both sides. pause at 2:39 to understand what i'm saying. The wings will either be the producer and consumer (taxes) surplus or dead weight loss (tariffs). I made up this mnemonic and got a 98% on my Unit 2 Test!!

  • @annetepeter7995
    @annetepeter79957 жыл бұрын

    You, sir, are a life saver. You really simplify things and make them easy to understand. Thank you for my distinction. Now, hopefully I'll score another one today.

  • @MrMikeabcd1
    @MrMikeabcd17 жыл бұрын

    Hi Jacob, I've been doing Economics this study period and watching your videos which have been a great help. Keep it up, you've got an excellent way of simplifying economic theories that makes it easier to understand

  • @fredygerman_
    @fredygerman_4 жыл бұрын

    Mr.Clifford always saves me, especially during this Covid-19 times coz my teacher is not used in teaching online and all I get is Assignments

  • @ariannali2311
    @ariannali23114 жыл бұрын

    This video saved my ECON midterm, really.

  • @mbujjebenjamin1482
    @mbujjebenjamin14827 жыл бұрын

    am also a teacher of economics here in Uganda, but never have i seen economics teacher as good as him, i would also copy your method and style of teaching

  • @Mikejrose8
    @Mikejrose86 жыл бұрын

    You've been the reason I was able to get through Econ 101. I am eternally grateful Mr.Clifford.

  • @BowieSpoon
    @BowieSpoon7 жыл бұрын

    I've learned more from half an hour of watching these videos than I have in my entire college micro class, how did my prof manage to say nothing in the past 3 months?

  • @helenchiang5526
    @helenchiang55267 жыл бұрын

    You have no idea how much this has helped me, thank you so much for uploading :D

  • @twb_luis915
    @twb_luis9152 жыл бұрын

    Thanks to you I passed my Econ test! I didn’t really understand the material when my teacher explained but you helped me a lot and I appreciate it

  • @danielk7225
    @danielk72256 жыл бұрын

    I just had to thank him a thousand times.

  • @kushchopra470
    @kushchopra4704 жыл бұрын

    Have my kids

  • @isaacedwards8601
    @isaacedwards86014 жыл бұрын

    This video still helping so many people in 2020.... Bless up

  • @glennzheng3111
    @glennzheng3111 Жыл бұрын

    this makes so much sense and helped me so much since my 2-hour lecture is just listening to my prof read through 50 slides

  • @RAZA-tg5bo
    @RAZA-tg5bo Жыл бұрын

    bro u legit carried me through micro economics not gonna lie. im so thankfull for your videos. its informativ and very entertaining and im enjoying it all the time. thank you very much best regards from germany

  • @oneinabillion654
    @oneinabillion6545 жыл бұрын

    Thanks Mr Clifford. Made more sense than 8months of studies on tax incidence

  • @therealmissglamBAM
    @therealmissglamBAM6 жыл бұрын

    your enthusiasm cracks me up, thank you

  • @zambianpoliticsupdate9754
    @zambianpoliticsupdate975410 ай бұрын

    This is not just good but it's simply unbelievable. Just 5 min videos has made me understand what I failed to understand in 1hr lecture

  • @user-rm7xn9qc2z
    @user-rm7xn9qc2z5 ай бұрын

    You just explained to me in 5 minutes what I didn't understand in a 2 hours lecture

  • @shreyaspandey9189
    @shreyaspandey91896 жыл бұрын

    hit like if anyone still watching this video and it is totally making sense!

  • @abhijeetsingh1386
    @abhijeetsingh13864 жыл бұрын

    This video was really helpful, my economics professor confused me so much on this taxation thing, but now after watching this video, I am all good.

  • @rossb9053
    @rossb90533 жыл бұрын

    This is so much easier to pay attention to than my lectures. Even khan puts me to sleep on this subject, Thank you for doing these!

  • @Karenross22
    @Karenross226 жыл бұрын

    Have econ for summer school, finals this wednesday, I had only 2 weeks and a half of econ and I've been lost lmao, with him things make more sense haha thank youuuu

  • @naitken8751
    @naitken87514 жыл бұрын

    Thanks for these videos. I've been watching them every Monday. I'll get an A for sure tomorrow!

  • @Nili7012
    @Nili70123 жыл бұрын

    Thanks a lot , you just explained in 5 minutes my teachers one hour lecture. I think it's not too far fetched to say you are one of the best prof that ever lived !

  • @timbennjah4091
    @timbennjah40912 жыл бұрын

    I love how fun you make this topic sound.Thank you so much

  • @dopa9
    @dopa95 жыл бұрын

    Jacob Clifford you are the best Economics teacher!

  • @connorsim9624
    @connorsim96246 жыл бұрын

    Taking a mid-term and this has taught me more than everything in class so far

  • @fahimnafis1121
    @fahimnafis11215 жыл бұрын

    2019 and here I am. this 5 mins made sense of what my faculty couldn't make me understand in 4-5 classes :3

  • @ummehani2222
    @ummehani22222 жыл бұрын

    Can't believe his videos are still that helpful .... Thank uu so much 💓

  • @vubaoanhnguyen2709
    @vubaoanhnguyen27098 жыл бұрын

    u'r the best out of the best! 2 hours lecture won't be comparable to this video. tks so much

  • @tendaizvikomboreroparaffin3925
    @tendaizvikomboreroparaffin39256 жыл бұрын

    this guy has too much wisdom, thanks Mr , your are always helpful

  • @sanjanayasmin2366
    @sanjanayasmin23666 жыл бұрын

    just few mins before i had no idea about taxes and now i understand,, im going to give exam now hope i will do the right thing..thank you so much for you super helpful videos .. i wish i could see it yesterday so i could study more affectively,,anyway thanks very much :)

  • @Fraugrin
    @Fraugrin4 жыл бұрын

    2019 and this is still more helpful than 2 hour lecture

  • @chlololuyi
    @chlololuyi Жыл бұрын

    self reference!! 1:25 how to see tax] 2:39 gov tax revenue 2:44 dwl 3:22 every explanation

  • @chenxuepan4792
    @chenxuepan47922 жыл бұрын

    The king! Thanks for making my university life easier!

  • @h8nnahs
    @h8nnahs Жыл бұрын

    Thank you I was struggling to understand this concept for a while

  • @moizzasalahuddin7078
    @moizzasalahuddin70787 жыл бұрын

    Thank you so much! Your videos are the best, most engaging and you got the simplest ways for explanation!

  • @umarrasmi5016
    @umarrasmi50164 жыл бұрын

    I'm telling you no joke your a legend sir. Thank you so much. exceptional video

  • @AlextheLue
    @AlextheLue3 жыл бұрын

    Thank you, Dr. Clifford! You're saving my grade (and sanity) :)

  • @rexynator_ytb
    @rexynator_ytb5 жыл бұрын

    1:35 producer pay 1 $ tax and consumer also at 5:08 its its equilibrium that change when demand is elastic which cause the producer to pay more tax

  • @ujjwalsharma7283
    @ujjwalsharma72835 жыл бұрын

    Mr. Clifford you once again saved me... Thanks... Love from India❤️

  • @adiyasagao3523
    @adiyasagao35236 жыл бұрын

    I really thankful for this video , because right now I'm in Taiwan and it is hard for me to listen chinese language. thank you Professor It is really helpful

  • @TheShowThatSUX
    @TheShowThatSUX9 жыл бұрын

    We would have a healthier debate on tax as a nation if every grade school went over this

  • @easylearning7665
    @easylearning76654 жыл бұрын

    8.1 Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not? a. Apples b. Convenience stores c. Electronic games (a market dominated by three firms) d. Used cars

  • @tommyliddle9952
    @tommyliddle99524 ай бұрын

    another 10/10 video, makes me want to switch my major to Econ honestly.

  • @derekjscott1
    @derekjscott15 жыл бұрын

    wow i feel like i have had 4 coffees listening to this guy but he did give me the answer.

  • @myname7529
    @myname75293 жыл бұрын

    Thank you! saved my university education & its investments!

  • @foxiroonie91210
    @foxiroonie912108 жыл бұрын

    passing econ because of you!

  • @luizfelipecastrocoelho9314
    @luizfelipecastrocoelho93146 жыл бұрын

    Dude. I have an exame tomorrow and you just helped A LOT!!!!! Thanks!

  • @fatmaalfalahi1941
    @fatmaalfalahi19418 жыл бұрын

    I wish u were my econ teacher!!

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +tooomey Alfalahi Well, in a way I am. Now get back to work:)

  • @ExcelTutorials1
    @ExcelTutorials12 жыл бұрын

    So condensed and so valuable. Thank you!!

  • @markwoo7231
    @markwoo72316 жыл бұрын

    Love your videos Great explanation accompanied with great visuals. on the topic of the video on taxes I am a citizen of Canada and many do not feel that taxes are "the enemy" or "dead weight" or "a burden". I know you did not create those phrases but you must realize these terms are biased and loaded. It would be great if you could add a "Springer's Final Thought" to this video explaining that taxes are used for health inspectors that check your restaurants for cleanliness; libraries; snow removal; keeping lakes clean and wildlife monitored/protected. In your video example you talk about milk. Taxes collected should be used to assess the long term health affects of growth hormones or anit-biotics on humans and to advise farmers on how to protect cattle from mad cow disease. Taxes are necessary revenues collected to pay for externalities that corporations do not factor into the price of their goods ie. take away coffee cups and their disposal. Just a thought from your northern neighbour to help Americans not hate and mistrust government.

  • @SaharNawaz
    @SaharNawaz8 жыл бұрын

    It all makes sense now. Wish I came across this before dropping micro, cause now Ive gotta sit around for round two of it.

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +Sahar Nawaz Well, that's ok. Now you will know everything:)

  • @natedang6558
    @natedang65583 жыл бұрын

    We have years of ap econ soliders in this comments. How many are still alive?

  • @madisonfitts4982
    @madisonfitts49825 жыл бұрын

    YOU SAVED ME FOR THIS EXAM!!!! THANK YOU

  • @user-uu3gd8eo1c
    @user-uu3gd8eo1c Жыл бұрын

    thank you so much. you consolidated my understanding on taxes and DWL

  • @JN-jx7nx
    @JN-jx7nx2 жыл бұрын

    I love ur explanations the most, always so informative and to the point

  • @alberton9
    @alberton94 жыл бұрын

    Every time he said "the government" i felt the anxiety soaring through me

  • @helenzhang9689
    @helenzhang9689 Жыл бұрын

    most helpful video i've ever watched. thank you SOOO much

  • @uzueldar98
    @uzueldar987 жыл бұрын

    if your haveing trouble determining by how much supply shifts, in the case of tax add vertically the amount of tax in this case 2 dollars to equilibrium and draw a new supply curve parallel to the last

  • @emusl0veme
    @emusl0veme7 жыл бұрын

    I love your videos! It helps me understand much better before and after reading the book.

  • @kazinayeer
    @kazinayeer7 жыл бұрын

    YOU ARE ABSOLUTELY AMAZING!!!! A LIFE SAVER!!! THANK YOU SO MUCH FOR MAKING ECO SO MUCH EASIER FOR US!!!

  • @zechyim
    @zechyim3 жыл бұрын

    A rare educational video that I don't have to fast forward

  • @jonjacobjinglehimer-shmit8608
    @jonjacobjinglehimer-shmit86083 жыл бұрын

    I know you hear this a lot because I read the comments, and I’m not gonna ask you for a lock of hair, but you’ve saved my grade. I can’t thank you enough.

  • @sindbad184
    @sindbad1843 жыл бұрын

    wonderful explained with clover manner for giving the IFs, thanks a lot

  • @jenishaupreti7889
    @jenishaupreti78899 жыл бұрын

    thank you so much for this video!

  • @koresenzo
    @koresenzo2 жыл бұрын

    you actually help a lot i love you

  • @rayyansenga2530
    @rayyansenga25305 жыл бұрын

    Thanks a lot mr.clifford......you helped me a bunch

  • @jimbobbab
    @jimbobbab8 жыл бұрын

    This is the most exciting econ I've ever learned

  • @ks18882
    @ks188827 жыл бұрын

    Understood in 5 mins, wonder why I spent 6 months on EC101- thanks for the video

  • @artang3l
    @artang3l7 жыл бұрын

    This channel is gold. Thank you so much for your videos!

  • @qwerty-2881
    @qwerty-28815 жыл бұрын

    this is great Im taking public finance lecture, this video help me to explain tax incidence. Thank you

  • @Amar...92
    @Amar...929 ай бұрын

    The best explanation ❤ sir Love from India

  • @amirmostofakhan850
    @amirmostofakhan8507 жыл бұрын

    hi sir . I am one of ur students (through youtube) tomorrow is my final. keep me in your prayer.

  • @Phionerulz
    @Phionerulz3 жыл бұрын

    I'm watching this before my macro midterm. Apparently, this is included in my macro class

  • @adamlines3808
    @adamlines38085 жыл бұрын

    I'm paying thousands of dollars a year to go to school to learn less than I learned right now

  • @jessicatao5945

    @jessicatao5945

    4 жыл бұрын

    Uni is totally overrated

  • @KnowArt
    @KnowArt3 жыл бұрын

    This video is indeed awesome

  • @Kharry-uj4fs
    @Kharry-uj4fs8 жыл бұрын

    Econ final in one hour. wish I found this video sooner

  • @paarthsharma7063

    @paarthsharma7063

    6 жыл бұрын

    omgg so cliched. Typical comment found under an educational video ugh

  • @nottomcruise6474
    @nottomcruise64744 жыл бұрын

    I have exam in 15hours+ and hoping these videos help me get a C. Got a B in makro but feel this is harder

  • @millie111001
    @millie1110018 жыл бұрын

    thanks for sharing, it's really helpful:)

  • @JacobAClifford

    @JacobAClifford

    8 жыл бұрын

    +millie111001 You are welcome. Please subscribe and tell your firends

  • @kelvin5685
    @kelvin56853 жыл бұрын

    Dang Mr.Clifford, this is awesome!