Wooow, i missed two whole months of class, i was completly lost in economics,, after watching your videos i understand better than my classmates, they are even surprised ! Thank you !

@MarginalRevolutionUniversity

7 жыл бұрын

Glad we could help, Roronoa! -Meg

@thebutterflyNL

7 жыл бұрын

what did you do two months lol?

@soccerchick9841

6 жыл бұрын

and your instructor didn't administer withdraw you?

Wow u can really learn anything on KZread

@PapaJenkinz

2 жыл бұрын

@Sadib Islam what’s up!

@PapaJenkinz

2 жыл бұрын

@Sadib Islam good man you? you r name rings a bell, did we use to play games together?

@PapaJenkinz

2 жыл бұрын

@Sadib Islam haha, good to hear man. hope you and your family are safe and well

Just a quick note to anyone watching, the waste he describes is called a dead weight loss. This dead weight lost would also occur if buyers/consumers were not buying and selling goods below the equilibrium price

@fireemblem2770

3 жыл бұрын

What valuable information!! Will put this in my notes, thanks you good pal!!

@sahilakhtar8815

2 жыл бұрын

Thank You So Much!

Omg, how are your videos so good? I searched all the paid course sites and found nothing decent apart from an overview to the Austrian school. But you just provide such a great comprehensive introduction for free! Thank you so much!

I have a midterm in less than 30 min and learning so much in these last few minutes, thanks.

@LoneStarStinger

7 ай бұрын

Did you make it though?

@rolexshadow

7 ай бұрын

@@LoneStarStinger not only did I made it through. I graduated!

Thank you for your video!! After 6 months of studying, tutorials, books ... I even thought I was stupid, it literally took me 4m of your video to fully understand!!

This is making my class so much easier to understand. I answered 4 out of 4 correct by the way!

@suewaynemiller1520

3 ай бұрын

how you know the answers are correct

This is gold! I suck at economics and don't understand my teacher. Let's hope I do okay in my test today...

Thank you thank you thank you!!! I’ve been struggling in economics especially with the equations and I’m so thankful to have found this channel. Seriously thanks!

I'm new into knowing a little bit of economics, and I recently read Misbehaving by Richard H. Thaler, which talks about behavioral economics and how this "invisible hand" concept that gets the market back into equilibrium is flawed, because it doesn't account for consumers' lack of basic economic know how/shopping around for the best deal. I'm new to the channel, so far i like it but this video does feel a little outdated, it will be nice to see an updated version that takes peoples choices into account.

I am in my first week of my postgraduate study, we just finished one lecture about economics on Monday and I have a homework need to submit tomorrow but I know nothing about economics before !Thank you so much for saving my life!

"Oh no!" ok ok enough with the goofy sound effects bwahaha

this deserves a million subs

in 3 short videos, you covered more than what my uni class did in 4 weeks!

I have am exam tomorrow, and these videos are helping so much! THANK YOU

That "Yeah" at 3:50... I swear that same exact "yeah" can be heard in the original Twisted Metal on PS1.

Awesome....feels like I m in love with economics and your voice is so attractive it's so easy to understand everything. Thank you

Perfect explanation, quite comprehensive.Thanks

Your videos are so helpful, thank you! The animations help me understand the concept better.

Awesome and Nice...... I feel like I'm in love with economics because through this video it's so easy to understand everything.... Thank you💖😊

That is what I was finding. Thank you SOoo much.

I think I understand this a little better now thanks to these awesome tutorials

this really make me understand thanks and keep up the good work I wish you we're my teacher

***TEACHER RESOURCES*** Supply and Demand 5-day HS unit plan: mru.io/few Assessment questions: mru.io/principles-52be0 More high school teacher resources: mru.io/high-school-885cb More professor resources: mru.io/university-teaching-39996 ***CONTINUE LEARNING*** Next video-A Deeper Look at the Demand Curve: mru.io/demand-9fe6d Practice questions: mru.io/equilibrium-price-db048 Full Microeconomics course: mru.io/rqj

Thank yu so much for this explanation. Best explanation ever!!!

I would say just wow. Worth watching thanks :)

That's so clear...thank you!

Thanks for your useful video. I just didn't understand what was the meaning of Adam Smith's "Invisible hand"! I appreciate if you can explain the simple meaning of this special metaphor.

really good one ,crystal clear concept Thank u

True mastery of a topic means you can explain it in the simplest of terms

Thanks, you backed me to class again.

It is just brilliant from you Guys... U r great Thanks alot

Awesome❤️❤️❤️. Love from Bangladesh 🇧🇩❤️

Holly Molly!! I love this intro!!!😂

Perfect teachers.

I'm a young student and i found your lesson very brilliant! But i have a question: does it exist a point where the surplus of consumer and surplus of producer reaches 0 as a value? When does it happen?

this helped so much thank you

Great video, thank you!

Thx for the video, good job!

This is amazing! I love Economics! 🤭👽♥️♥️♥️

my god. we seriously need to use this type of course as a model for total education reform.

Thank you.. u r the best 😍

thank you now I understand

Dude I learned more in this lesson then two days at school

Best economics teacher

I just read a 420 pages long book and these videos are easier to understand than my book in microeconomics

Is finding the equilibrium something that always happens over time or is it something the businesses can calculate and nail right away?

Wow. this sums up the 20 pages I read. Understood better too!

WOW just WOW and thank you

The drastic decrease of views on the following video makes me feel good about myself.

youtube teachers are better than professors aka this guy ^ thanks

thanks a lot for helping me

Many people over look the marketing aspect of economics. Sociology plays a big part on sales.

How do i find market equilibrium price and quantity if i have two demand curves one one graph?

this made economics much easier

Thank youuu great videos

great job thank u

😄 ooooh ahhh😂. this is the most entertaining video on equilibrium.

How do you determine prices when supply and demand cancel each other out?

Do you have a video that explains Inflation?

Hi.tnx for your video. Say me about. If our P,price,10 Q. Demand 100. If .price 11. Demand 80. I don't understand about that . Thanks 🙏

this feels like it is not always true here in america things like drug prices are extremely high but the cost of production is insanely low you can create artificial prices by increasing the price of drugs then lowing it slightly but still having it be insanely high and because its something people need, demand will still shift to being profitable.

does every form of market reach to the equilibrium price?

nice video thank you

I can't count how many things I learned on KZread than at school!

DAMN I learned this easier on KZread than reading 4 pages out of the book

I love you guys

this is good!!!!!!!!!

thank you

Interesting note: after working in Auto Parts for 15 years, I wanted to point out that the price of gasoline does fluctuate, however, quarts/bottles of oil never go back down...they always increase in price. I always that that was pretty messed up.

Fantastic

Thanks for your videos, but I have one misunderstanding about this one-- why more valuable oil are wasted by making rubber duckies when the quantity beyond equilibrium quantity. Thank you!

@Mh05Rider

7 жыл бұрын

they dont weast it by making it they make them on consumer demand some of the consumer demand for it so they have to produce them

@fredericosilveiramachado5792

7 жыл бұрын

Vedant Kharje

@Andy-em8xt

4 жыл бұрын

Rubber duckies may not be the best example. But essentially you're taking oil that took $50 to extract and turning into products that are worth $30. $20 of value was lost/destroyed.

who is teaching the lesson alex tabarrok or tyler cowen

I didn't understand part at 1:44 . Why does the supply has to decrease when sellers sell their products at lower price. They will still have marginal benefit when they sell same or more about of goods.

@ghostofpast550

3 жыл бұрын

Well the demand is at $50 so the sellers who sells at that price can only make money considering that the production cost is lower than that price. The seller who don't decrease their price won't get to sell their product.

@ghostofpast550

3 жыл бұрын

The demand isn't exactly at $50, buyers always want to pay less so they are not going to pay more. At $50 they are somewhat satisfied fied with the price.

@ghostofpast550

3 жыл бұрын

Also similarly sellers also want to profit more so they want to sell at higher prices, below $50 they are not willing to sell their goods. If they do not sell their goods no one will get to buy their good, people who have money and need the good badly are going to pay more. As sellers were willing to sell at $50 this buyers are willing to pay $50 thus the equilibrium.

I love you!

I would say just wow.

well, at the end you refer to Adam Smith and the invisivble hand. In his book "The wealth of nations" he mentions the invisible hand only in another context, explaining why the free movement of capital can not be expected, since the hand in question would stop capitalists from taking risks in very foreign environments! Check it out! Does he use it in the mostly assumed way in another context somewhere? Not to my knowledge.

I don't thin this curve can be applied to all goods some times sellers can lower the price and the quantity stay the same and the opposite

But how is equilibrium price determined?

👍

Our president Brandon needs to watch this video a few times until he learns it.

Can you be my substitute professor for the rest of the semester?

@MarginalRevolutionUniversity

7 жыл бұрын

Sort of! We've got a full Micro course playlist here: kzread.info/head/PL-uRhZ_p-BM4XnKSe3BJa23-XKJs_k4KY Good luck in your course! -Meg

@moodifi

7 жыл бұрын

Als ersetze das Programm nicht jegliche Professoren

@user-ld7rd7rn6u

6 жыл бұрын

LOL!

you shouldn't the business produce above the equilibrium price and produce as much as demanded?

@havenofiadagad5841

5 жыл бұрын

No cause he would loose money, and nobody will buy from him

All videos are fucking good. Thank you I guess 1:17 buyers should be ↑↑↑↑

Sir please upload full course of class 12 also

@ghostofpast550

3 жыл бұрын

They are situated in America, they do not know what class 12 means. Plus there is no microeconomics in class 12.

It can take a few viewings, but eventually it will be as clear as can be… Also, SALE TIME!!!!!!

HEY! I got 89% instead of 100% in my test because of you!

@MarginalRevolutionUniversity

8 жыл бұрын

+Elliot Halpenny What question did you miss? Thanks, Mary Clare

Of course, all of this assumes that everyone is acting in their best interest.

How could the oil price be $50?

@anouarelmjabber9922

8 жыл бұрын

if the demand for oil is high and the supply is low,the price can reach the 50$ and more

2:38

Anyone know what app used to make this kind of video?? Cuz i gonna do video project like this

but I don't understand I got confused

4:06 RCT3 sound effect lol

çok güzel ya ı am from turkey eee

actually it explain it better but just that teacher talks fast .

Вас тоже училка заставляет смотреть это видео?

i'm just 14 and i'm watching this lol

@MarginalRevolutionUniversity

7 жыл бұрын

Never too early to start learning econ! :) -Meg

@adrianomattia5625

7 жыл бұрын

Well said! Econ is really interesting. -Adriano, from italy

@abdulahadshabbir2618

7 жыл бұрын

I wish people from countries like mine, (Pakistan) emphasized more on econ as a PRIMARY subject in schools...can't really figure out HOW can a society at large make a rational decision without having adequete knowledge of economics? Great work...love u guys, thank you

@MarginalRevolutionUniversity

7 жыл бұрын

Thanks, Abdul! I totally agree with you. Unfortunately, I think that economics education is sorely lacking at all levels around the world. Here in the U.S., it's not offered in many high schools, or might get a few weeks attention as part of a Civics course. I think we'd all be better off if kids started learning basic econ at a very early age. -Meg

@abdulahadshabbir2618

7 жыл бұрын

Marginal Revolution University ofcourse...when people have no idea of basic factors that determine their long and short term future, they start making silly choices...specialy underdeveloped countries like mine where people choose govt.subsidy running multi million PKRs bus service over health and education.Anyways, long story...thank u once again.

2023

Waaaaoooooooo…

1:35 freaked me out