this channel is a god send

WOW! Thank you for the explanation. I've got to say, not only does watching the videos on this channel give me a deeper understanding of the topics covered (and not covered) in my microeconomics class, but it makes me feel more confident in participating in the market.....I'm still learning the basics but wow thanks again for being such an accessible venue for education!!!

your explanation is the best, i hope this help me in my exams thank you so much for making this video it actually helps a lot

Finally someone who really know and CAN explain properly.

Found you guys pretty late for my exam but you've been nothing but helpful. Going to use whatever I learned here in the exam. Thank you x

Thank you for this video! It really helped me a lot!

this is amazing

"Consumer Surplus" isn't a very good name for the concept it's supposed to describe. It very likely originally was "Consumer'S surplus". It doesn't describe a surplus of consumers; rather, it describes the "surplus" of money that consumers have left-over, as a result of the price not being as high as they would've otherwise tolerated it to be (at maximum).

@keerthikumar5490

4 жыл бұрын

I'm confused because of that

Can't appreciate enough! Simply amazing 👏

@MarginalRevolutionUniversity

2 жыл бұрын

Thank you so much 😀 -Roman

Thank you! Amazing job!

This is just amazing please sir keep it going more and more thank you soo much

so helpful... thanks a lot for this contribution

@maggotoftool

Жыл бұрын

WOW Lateralus

Thank you!

That was good to know thank you very much for the effort

best , great learning

thanks you so muchhhhh its so helpful

Thanks you so much!

I LOVE THIS!

***TEACHER RESOURCES*** Supply and Demand 5-day HS unit plan: mru.io/r18 Assessment questions: mru.io/principles-43da5 More high school teacher resources: mru.io/high-school-1a572 More professor resources: mru.io/university-teaching-8538b ***CONTINUE LEARNING*** Next video-What Shifts the Demand Curve? mru.io/demand-curve-4881d Practice questions: mru.io/deeper-look-7e2a8 Full Microeconomics course: mru.io/boc

Great I understand your explanation 💚quite interesting 💯🙏

wonderful

@jaxsonsantos9311

3 жыл бұрын

true brudda

Thank you

Hmmm, I think the area should not be the total consumer surplus, because there might be 1000 people who are willing to pay $20 but only 10 people who are willing to pay $80. The different price are not evenly weighted...

@wbaumschlager

Жыл бұрын

Of course it is. Everyone is weighted by his quantity. That's why you can add all the price x quantity slices up.

Hi

I think the issue is that it should not name it "Joe's surplus" because the X axis is not the quantity of buyers but the quantity of barrels of oil.

@wbaumschlager

Жыл бұрын

But it's Joe's quantity and Joe's price, so it's Joe's surplus.

How is consumer surplus simply the area under the curve? If you have to take the sum of all consumers don't you have to account for the fact that more people will be willing to pay less for a barrel then more. (in this example 7 people will pay 60 but only one person will pay 80, taking the area under the curve is 60+80 but in reality it should be 7(60)+80

@qingli1347

5 жыл бұрын

Oh, you just mentioned exactly what I am thinking about

@qingli1347

5 жыл бұрын

I thought it twice and I think the issue is that it should not name it "Joe's surplus" because the X axis is not the quantity of buyers but the quantity of barrels of oil.

@HG-vh4rn

3 жыл бұрын

@@qingli1347 It's the quantity of oil demanded, not supplied. Remember, this is the demand curve.

@wbaumschlager

Жыл бұрын

The number of persons is irrelevant. It's all about the quantities. 1 barrel for 80, 7 barrels for 60.....

Play at 1.25x

"Remember from high school geometry" lol I'm in elementary school

@HG-vh4rn

3 жыл бұрын

Wow, what a flex. I wish I could've learnt Economics in elementary school.

bArrel

yo something's wrong with his mouth, i just can't stand it

Yawn. This is the kind of video that turns a lot of people off of economics. Sorry, Tyler. There's gotta be a better, more entertaining way of presenting this.

@MauricioArevalo

6 жыл бұрын

yeah the other videos on this channel / website are not bad at all (with the younger sounding guy, sorry), but this guy isn't the best..

@KatyaVasilivna

6 жыл бұрын

This is great for foreigners. People in the Western World are accustomed to enthusiasm and intonation changing at every second. Whereas for those who know English as a second/third language, his way of communicating is great. If you need somebody "enthusiastic," to flame up your desire to learn, then maybe you need to seek inspiration from your own self or develop the want for an education without theatrical lecturing.

@prowork238

6 жыл бұрын

Great video! -- And it's for FREE! I'm here to learn economics, NOT to be entertained. Tyler is a professor not an entertainer!

What should happen to the “demand for speed” (measured by the average speed on highways) once airbags are included on cars? * a. The demand for speed increases b. The demand for speed decreases c. The demand for speed stays the same The Answer is.... . . . . . . . . . . . . Think about it . . . . . . . . . A

Great I understand your explanation 💚quite interesting 💯🙏