7 Amazing Micro Diagrams For Paper 1!!!

7 Amazing Micro Diagrams For Paper 1!!! These 7 Micro diagrams would add serious power to both analysis and evaluation in Paper 1. Revise them well
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[@usamah346]

Never seen someone get so aroused by diagrams 🤣

[@jason-os3jg]

allow him he got love for da subject

[@nicolesun6518]

Usamah HAHAHA funniest comment I’ve seen all day

[@lucacecere199]

My Guy HAHA

[@tombomb123]

Econ dal is the best man around. He’s probably saved 10000’s of econ students

[@yh_dz1440]

relatable

[@mattstranack3657]

This is the one dal, out here puttin in more effort into my revision than I have been

[@bencook2677]

Definitely getting a ‘Dal Fade’ tomorrow in preparation for paper 1

[@ashleylovell4241]

You have a dead trim

[@elliotnewman1366]

watch everyone use the exact same diagrams on monday now

[@davidmighten6655]

LOOOOOOOOOOOOOOOOOOOOOOOOOL XD

[@samuelmcdonagh1590]

Looool

[@ahsank.]

Lmao

[@TheScarletGamer]

21,000 Monopoly MC shifts

[@rayhana9796]

0:31 monopoly diagram 3:38 monopoly economies of scale evaluation 4:40 oligopoly game theory 6:48 indirect tax (demand/supply) 8:22 subsidy (demand/supply) 10:03 PED and total revenue 11:02 Trade union in a monopoly labor market. 1 reply. .

[@toonmati]

Thank you!

[@RunicRhino22]

Thanks m8 and good luck

[@winstonzhang3111]

you sir, are a legend

[@angelstarfire]

Thanks!

[@aaron9968]

If every teacher had your passion, school would be so much better.

[@alexdks8134]

Dal for President 2020

[@thinkinginsidethebox472]

Dal, please have my children

[@robbieg9573]

I can honestly say I am well a truly f*cked for Monday however I would like to thank you Dal for your time and effort into these videos. You have helped me more in 2 weeks than my economics teacher has in 2 years!

[@thisismychannel6091]

same I've decided to wing economics, will probz still get a c, or b

[@robbieg9573]

@@thisismychannel6091 How are you able to wing it but still achieve a decent grade, I know the basics but I literally have know depth in my knowledge

[@thisismychannel6091]

@@robbieg9573I don't know if you do the same exam board as me, but I do edexcel b, and the first 4 questions consist of 3 4 markers, and 1 6 marker. I usually get full marks in those which allow me to get like 18 marks. You only need like 30 marks more to get the c, or b.

[@robbieg9573]

@@thisismychannel6091 Count yourself extremely lucky then, I do economics A Edexcel which is fairly different to that

[@thisismychannel6091]

@@robbieg9573 Yeah I looked at that shit, the grade boundaries are way higher as well. I wish you luck lmao.

[@DireM-ut7jo]

I’ve never seen a man so excited to see economics diagrams and it really brings out my passion for economics aswell. Thank you for the help Dal!!

[@osmosis6603]

Nobody: Dal: SUCH A POWERFUL DIAGRAM! That’s why he’s the GOAT.

[@franciscurzon6373]

Dal likes his LRAS's nice and curvy

[@redhadoken3172]

Ooh Keynesian style

[@teengroot9279]

Thank you daddy dal

[@johnc9505]

well and truly shitting my pants for my exam in TWO days 😍😍

[@jason-os3jg]

wallahi ur the only reason I revise

[@kwdkwon]

for the subsidy diagram, he says c,d,a,p2 but i think he means c,b,a,p2 for the cost of the subsidy to the government. He explained it right but might have slipped up when reading the points out! great vid dal

[@spandanganguli6903]

Now this is something I can get behind. Idk what paper you're preparing people for, but I am thankfull that you made these.

[@fariskhallouqi4621]

This guys enthusiasm is something to behold great stuff 👍👍👍

[@SS-ml6ep]

is it just me who sees a bit of Vikkstar123 in dal?

[@juliettestokes7922]

jus vikks eyebrows are fiercer

[@kristianbell9044]

Don’t disrespect dal like that😡

[@winstonzhang3111]

dont have the time for vikkstar anymore😭

[@Keownn]

1 week boys

[@jonathanallison785]

3 hours boys....

[@iHazardGaming007]

Could we had a separate video on the last diagram for example explaining the change in Q. And potential questions which it could be used for.

[@levimeloviana9863]

Taking the CFA level 1 this week. You are very helpful. Thank you!

[@isitandy9520]

Needed this for Monday. Thanks.

[@100Safwan]

Dals not fasting with that energy

[@Toyu67]

The diagrams aren't the only thing that's powerful and hot...

[@ZCVG]

Absolutely love this man

[@rhiannongeorgia]

Having to sit the autumn a-level exams because corona failed me in economics. You're my favourite human in the whole world and thank you for teaching me more than my teachers ever did these past 2 years :)

[@xvirdee3466]

You know what came up in paper 1?

[@chaeyoonlee139]

0:31 monopoly diagram 3:38 monopoly economies of scale evaluation 4:40 oligopoly game theory 6:48 indirect tax (demand/supply) 8:22 subsidy (demand/supply) 10:03 PED and total revenue 11:02 Trade union in a monopoly labor market

[@foyekealayande2096]

Thank you 😘❤

[@cdefwrfrddfdfewdf]

i have my exam in 12 hours and i cant thank you enough!

[@TheBalhamboy]

Blimey, I still remember these from my 1st year econ bachelors degree and that was almost 30 years ago. :)

[@winstonzhang3111]

11:11 can we appreciate how much this man loves econ 🤣

[@zachdavies3174]

13 days to go… cmon Dal shun!

[@javiervlogs5940]

TODAY IS MY EXAM MAY 2021! LET'S GO THX ECON PLUSDAL

[@hibah1612]

Good luck for monday everyone x

[@SimplyLuke]

*Legend*

[@boxeq4670]

thankyou again dal!

[@districkt4]

fresh trim dal, fade looking sharp

[@micky141]

You are amazing!

[@sonalj4081]

Absolute legend!

[@user-zj2um1zi9i]

econdal please post some live essay writing videos it would help massively. I appreciate all your videos very much!

[@aliboyraz3590]

Literally talks to like Vikstar. Imma need this energy on monday

[@ahsan0186]

We need the prediction video out asap !!!

[@benrobertson5696]

THANK YOU BRO

[@JohnDoe-xc3kf]

Wish I was as enthusiastic as Dal about economics

[@chalesbergca3754]

Wtf is that last digram. Never seen it until now and my exam is on Monday. Lmao

[@fahad7148]

You've never seen a Monopsony Trade Union diagram? Yh ur tapped

[@chalesbergca3754]

@@fahad7148 Replying to a comment from 3 years ago 😂 Well I’m happy to say I got an A* and currently finishing my 3rd year studying economics at the university of Sheffield. I hope you have fun sitting your A-levels this year

[@yevz6360]

any tips

[@chalesbergca3754]

@@yevz6360 Yes, watch this man’s videos as much as you can. Keep going over and over them. Practice essays and be critical of the question in your conclusion.

[@chalesbergca3754]

@@yevz6360 Example of what I mean by being critical of the question if it says to evaluate policies to improve Uk competitiveness, question what they mean by competitiveness? If more price competitive, say … policy is relevant. If competitive on quality say … policy is more applicable. Hope this is clear

[@edmundlow8107]

Hi there, can you please post a video about negative and positive price effects? So, like what is the meaning of positive subs effect or negative income effect and why does income effect outweighs subs effect in giffen goods? Much thanks!

[@olliebell7177]

Dal, do you have a playlist which consists of everything I need to know for paper 1? Thanks in advance

[@reuben2243]

im 90% sure i have adhd can not concentrate on this stuff at all

[@mariasanchezwu2066]

bro same

[@Toyu67]

same holy shit im so glad im not the only one

[@tomjinkss]

@Econplusdal are you releasing an examples video this year?

[@sethappleby2434]

Fellow Econ students if any of us become epic business men, Invest in this man

[@thandomajola2835]

can you make a video on how to answer section A of the CIE AS level paper?

[@ahsank.]

My teacher literally doesn't give a damn about us anymore, not even helps in revision and here is a hero saving our grades, thank you Dal.

[@Dragotastic]

I love this guy oml

[@elliotmartin6952]

At 9:14 isn't the cost to the government the area CBAP2 rather than CDAP2

[@toonmati]

Yeah, you're right. It should be CBAP2. Good luck!

[@asjadnaqvi3088]

i was just coming to comment this

[@amandawang7448]

u are so much better than my lecturer

[@JattTayaraa]

Thanks

[@princessri]

"thanks so much for watching, we're gonna do the same for macro" we're in safe hands guys, it's all gonna be okay. AAL IS WELL.

[@CWFitnesz]

all my homies love dalplus

[@QiyuanDeng-ik3wq]

for showing competitive outcomes on the monopoly diagram, don't competitive firm produce at the output which makes normal profit rather than allocative efficiency?

[@thomasmohan9565]

Can’t wait to fail micro tomorrow!

[@jakefrancis9596]

Such an Inelastic good 😍 that’s my meritplusdal

[@DJSNOOZEYVEVO]

Isnt the MC Diagram at 4:00 supposed to be from MC=MR for MCc?

[@benedell2849]

My guy 💯- Dal you’re even sexier than that trade union diagram

[@HomelessCoaching]

Paper 1 tomorrow

[@FALLOUTSZZ]

thanks

[@flopz3847]

Dal on Drugs is my new favourite economics teacher

[@DayNightGamer777]

Hey dal, would you please predict which questions can come for ial economics unit 3,4 section A

[@cerysparnell891]

so price ceilings would be good in monopolies?

[@oliviarah3024]

I’m confused, in the Prisoner’s Dilemma part, if you undercut (só if you charge 90p) do you gain more or less than the other firm?

[@ThePaperCreater]

In the short term you gain more, but in the long term both firms lose out, this is because the other firm responds to the price cut and both end up with less than before by setting their prices lower

[@tomdean5220]

Very cool

[@rockdiva67]

Damn Dal and diagrams, get a room lol

[@ebere9438]

You said the cost to government in diagram 5 is cdap2, wouldn't it be cbap2?

[@SA3DH10]

11:11 Daaaaamn Dal

[@bilalk1965]

Goat

[@-Idonotknow]

wow I just have 30 minutes left until Econ paper 1 and Im watching this cool

[@santanderplays3923]

what exam board

[@jaidenosei7932]

Dal’s voice Will be the last voice I hear before going into the exam hall

[@bettinahayeck7853]

I LOVE YOU MR DAL

[@robsondee2344]

Ty

[@charliekerridge4759]

3rd one don’t know about that man havnt seen that before mannnnn

[@upwardgaming9311]

Dal is gonna save my economics A-Level for real

[@kingy8077]

What did you end up getting ?

[@junaydmohammed5117]

what a legend

[@charlieparry-arch2775]

im cooked

[@fraftti]

i’m cooked beyond belief, my college didn’t give me any extra support in my 2 years of college

[@widen_inhorizons]

yo dal noticed on the subsidy diagram that you did put P3 the price if the entire subsidy was used for its purpose?? should i forget that

[@waisalebasiyalo2260]

omg! I feel at this point Imma just have to go over the ones I don't know about only 5 hours to go #stressisreal

[@kheo46]

For question 4, i think the deadweight loss is incorrectly labelled. Instead of DWL of ABD shouldnt it be AB and point above D?

[@EternalShadow1667]

For anyone still confused, no it’s correct. No idea why though, I just searched it up.

[@crucify9631]

@@EternalShadow1667 Look at the differences in consumer+producer surplus. The firm still has the original supply curve, as thats what they are willing to supply at each price level, but can't because of the tax. The difference is triangle abd, the deadweight welfare loss

[@Frenk33]

I wish I picked A levels to have you as my teacher : (

[@IbrahimKhan-wj1ec]

Amazing video, just a little nitpick though. Don’t know why he used a prisoners dilemma payoff matrix to map oligopoly behaviour instead of kinked demand curve. I feel that prisoners dilemma is just implied when u talk about collusion however kinked demand curve is extremely useful when you want to talk about key points like varying price elasticities of demand, price rigidity etc

[@gandola362]

not all exam boards have kinked demand curve in spec such as edexcel , thats why

[@seeuclon]

JUST IN TIME MA MAN WHO HERE FOR IB HL

[@Austin-mt4dg]

Leg End

[@uze3r495]

Can u use any numbers for game theory or specific numbers from extract/RWD?

[@arumann9346]

u can use any. there's unlikely to be numbers in the extract personally have never seen it.

[@ShivIRL]

daddy dal back at it

[@yizzhu6204]

Hi Dal, Thank you so much for this helpful video, however, just wanna ask. 3:45, diagram 2, why do you take one equilibrium (Qm Pm) at MC=MR, another (Qc Pc) at MC=AR? So that one is profit max, another is allocative efficiency? But it is still a horizontal comparison?

[@nathanward4325]

I was wondering the same

[@yizzhu6204]

@@nathanward4325 But in fact, if both of them are at equilibrium of prof max, still expresses the same idea I guess

[@phillipchen5788]

That is the competitive market outcome at Qm and Pm

[@nima7651]

This is because MC=MR is the lowest price that a firm can charge which has some meaning (allocatively efficient) and MC=MR is the highest which shows that unless competitive firms want to make extremely large losses they can not reduce prices lower than monopolies highest price maximising profit because of the difference in economies of scale. This diagram shows that monopolies price will always be lower.

[@carlomasera7502]

12:00 I cannot stop laughing, dal

[@gravitytraining6516]

In Dal we trust

[@user-bd2pk5de9c]

For the monopoly diagram, isn’t a competitive market productively efficient? So why wouldn’t they produce where MC=AC?

[@Matt-pw1sg]

If you’re on about Perfect Competition then yes, both allocatively and productively efficient in the long run. But you need a different diagram for that, as P.Comp firms are price takers therefore their prices are in line with the market price

[@gajannshanmugarajah7513]

For game theory would we actually draw out the table or just describe it

[@sarahfleming4257]

draw it

[@cameroncarter2564]

Thanks Dad

[@EGNEYCC]

My guy dal 👍

[@amin8202]

For which exam do you use these

[@xTheHiddenLink]

can someone please explain: for the subsidy diagram (5), is the consumer gain / saving P1,P2,D,E? I have looked and seen some saying it's that like Dal, but then some say it's P1 across to D and keep going across to the line, down to A then P2. Hope you understand thanks:)

[@brianevans4]

Yeah, i wasn't sure about this when I saw it in the video as well. For tax burden, he uses the new quantity (after tax) and then for subsidy he uses the old quantity (before subsidy). I'm not sure which one is correct

[@xTheHiddenLink]

Brian Evans yeah exactly, you explained it better than me haha

[@ThePaperCreater]

Dal's consumer saving box is correct, this is because it is the amount of money saved by the consumers who were buying that output (Q1) at the previous price (P1), the triangle (D to A to E) on the diagram you mentioned is not included because this is *extra* spending by consumers at the new price level, they are buying a higher quantity than before and this is extra money spent, not saved, as it was not previously being spent. Hope this makes sense