you have the best economics videos on youtube. i have tried to watch a lot of other channels and none of their explanations are ever as clear, or they have annoying voice-overs/graphics. thank you so much for these videos!
What a gem, i couldn't understand these graphs after several hours of watching my lecture videos and readings but you explained it PERFECTLY in just few minutes.
I am so very grateful to you. Have an exam in 7 hrs and NOW understanding this material after and entire semester of going all Lecturers, hmm life saver!
This is a great video that explains the monopoly theory and I really appreciate how you mention the difference between perfect competition and monopoly at the end of the video. Thank you so much for posting all of these videos, extremely helpful!
Great observation, you are correct. Profit is maximized when marginal cost = marginal revenue. The same is true with life... your "enjoyment" is maximized when marginal benefit = marginal cost.
explained complex things in such a elegant way wow!!! best economics lecture ever attended !!! thank you so very much for this. BEST WISHES FOR YOU ,SIR !
Well, there is not one program I use. I use photoshop, illustrator, html5 and final cut pro. So it takes me a while and I string a lot of stuff together. Thank you for you compliment as well.
yay.. compare to some videos I just watched today , you have the best explanation and presentation tHAT made me understand about the market structure, monopoloy , perfect competition and their curves. thank you!
Total Revenue (TR) is price times quantity. The total revenue chart is built on each price and quantity combination from the demand curve. The x axis is the same on both charts (Quantity). I do have a playlist on Monopoly Theory and I would encourage to try to go through the videos. You can see the playlist on my channel statisticsfun.
Could you make a monopolistic competition and oligopoly video please. Your video is the most amazing I have ever seen before! That’s is fantastic it’s really help !!
Great question! We would treat this as a subsidy for the consumer. This would cause overall demand to increase. In this case more consumers could afford the higher prices charged by the monopoly and quantity demand would be higher too. If the monopoly is subsidized there overall costs should be less and they would offer lower prices and a higher quantity. Very good question and I need to create a video explaining this topic.
I use a variety of different software including photoshop, illustrator, HTML5, Final Cut, GarageBand and a few other products. Each video takes me a long time to create. My rule of thumb is each minute of video takes about 12 hours to create, so a 7 minute video takes me about 84 hours of development time. Besides the technology I use, I have done a tremendous amount of research on how students learn via animations and the impact of color and narration.
Waow. 8 hours of work for 1 mn. I have never seen anything this clean. I will be referring a lot of people to watch these videos. they are really hors pair (French). Keep up the great work. It will surely pay off one day.
Kossi Adegnon Thanks for referring your fellow students. I wonder if the animations work in other languages? Can a non english speaking person follow the animations. While a photo may be worth a 1,000 words an animation may be worth a million. Good luck in your classes.
HI FRIEND ! COULD U DO A VIDEO ON SHUT DOWN CONDITIONS AND TERMS OF TRADE D: struggling so hard but coping cus of the good stuff on here, KEEP IT UP !!
Profit = Total Revenue minus Total Cost Total Revenue = Price x Quantity Total Cost = Cost x Quantity Price and Quantity change as you along and down the demand curve and cost and quantity change as you move along the supply curve.
If you can share comparison of graphs of all market types ,such as Perfect competition ,monopoly,monopolistic etc in one video ,it will be very easy to understand.
Thank you and the feedback is much appreciated. Yes, I currently teach at a small university in Kansas City, but I have been in and out of academy for many years. Do check out my linkedIn profile if you are interested (David Longstreet).
Patrick Lilema You are welcome. If you get a chance like on FB (www.FaceBook.Com/PartyMoreStudyLess), share, like the videos, and subscribe. It helps others find the videos.
Kossi Adegnon I use a lot of different software including adobe flash, illustrator, final cut studio and garage band. Each minute of video takes me about 8 hours to produce. I hope my videos will have a long shelf life.
Wow! Congratulations on your improved marks. I appreciate the compliment but you deserve all the credit. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
Appreciate the comment! Hopefully my videos are helping you "Kick More and Study Less" Make sure you like MyBookSucks on Facebook (see link in video description). This will help students find the educational videos.
Thank you for the feedback it is much appreciated. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
Thank you! Give me some love on Facebook and like MyBookSucks (see link in video description). This will help me spread the love about the educational videos.
Thank you and the feedback is much appreciated. Yes, I currently teach at a small university in Kansas City, but I have been in and out of academy for many years. Do check out my linkedIn profile if you are interested (David Longstreet).
+DON GITHINJI dYou are very welcome! If you get a chance like and share the videos and especially like my FB page (www.Facebook.Com/PartyMoreStudyLess), It will help others find the videos.
