i ve been crying because i could not understand the depths of this. This has literally saved me from failing. i feel so much better, this dosent make me feel dumb , love this❤
@mikkyyy7932 жыл бұрын
Can we have more lectures ... U r great teacher☺️
@oddandmarvelous4 ай бұрын
ur literally such a great teacher and im literally wishing the best for you the rest of my life
@DrAzevedoEcon4 ай бұрын
Thank you! I appreciate that.
@NhuNguyen-rh7bp3 жыл бұрын
You are so awesome. Every time I watched again and again, I still learn something. Thank you so much
@DrAzevedoEcon3 жыл бұрын
Thanks! I'm happy to hear that it has helped you out!
@kolapo8288 Жыл бұрын
This is AMAZING. Production and Cos Functions are explained with ease. Thank you.
@dde29893 жыл бұрын
Great! Everything is clearer now. Thank you for this beautiful lesson
@deanzebari8274 Жыл бұрын
I couldn't thank you enough for giving a lecture video on this chapter! This helped me so much and I understood certain material much better after watching this video than my professor giving a lecture in class.
@DrAzevedoEcon Жыл бұрын
I'm glad the video helped clarify things!
@bunni46842 жыл бұрын
it's never been this easy to learn econ. thank you sm!
@naf69332 жыл бұрын
Your content is really excellent. Please, make more Videos on other topics like macroeconomics
@hazemnasr96212 жыл бұрын
awesome , thank you for your superior efforts ❤
@LikhithA-w7p18 күн бұрын
i want to thank you whole heartedly sir , very clearly explained , i have my exams and i scored good marks only because of you !!!!!
@mikkyyy7932 жыл бұрын
We need concepts of another ch. Too..
@니모-b6w18 күн бұрын
Smith Melissa Miller Donald Rodriguez Christopher
@sadsapxe28 ай бұрын
Thanks sir this videoes gives more information than my lectures
@JabulaniSimapempa3 ай бұрын
The you so much sir, I able to understand in depth about production and cost now,.. Cheers 🥂 to success 🥂
@nikhilfci2 жыл бұрын
Sir , is there any reason why some chapters are missing in U TUBE?
@udontknowme1547 ай бұрын
subscribed, this is so good❤
@yousufmiya8159 Жыл бұрын
You are really great teacher... How can i find the lectures other chapters?
@DrAzevedoEcon Жыл бұрын
Thank you! Here's the playlist for the principles of microeconomics videos that I have available right now. I also have macro videos available as well in a separate playlist. kzbin.info/aero/PLTjEimbqDkpBL55W6wye1jTcYePjehkT3
@mehmetciftci3163 Жыл бұрын
Your videos are really explanatory for economics students thank you for the lectures from Turkey.
@DrAzevedoEcon Жыл бұрын
You're welcome! Happy to help!
@mehmetciftci3163 Жыл бұрын
@@DrAzevedoEconI got 100 from the final exam, I got 72 before I met you, but I got 100 after watching your videos, thanks again professor
@DrAzevedoEcon Жыл бұрын
@@mehmetciftci3163 Great job!
@khairunnidahajiabdullah8030 Жыл бұрын
from Brunei being helped as well
@hassanansari5515 Жыл бұрын
Incredible content Sir love from Pakistan 💛
@DrAzevedoEcon Жыл бұрын
Thank you! Thanks for watching!
@danaalalqam169Ай бұрын
Thank you sir! That was really beneficial
@TempleElaine-z4l12 күн бұрын
Brown Kenneth White Shirley Jones Shirley
@zanderlowell58059 ай бұрын
How you be doign the thang with the board??? ARe you being having writing backwards?? If so you are reall ygood at it!!! Love you, ZAndy
@DrAzevedoEcon9 ай бұрын
Not writing backward. I'm writing on glass, and then the image is reversed so that it's readable. Happy to help!
@brendanberry310310 ай бұрын
Thanks for saving my Assvedo Professor Azevedo
@DrAzevedoEcon10 ай бұрын
Haha! Happy to help!
@bbeeyangli9 ай бұрын
Perhaps it would be better if economic theories excluded the concept of opportunity cost. This is because it can lead to confusion and cannot be precisely quantified mathematically. There are countless potential opportunity events (for example, one of the myriad possibilities when someone decides to do something might be getting visited by aliens and gaining superpowers, haha). Even if we select the few with the highest benefits, it's still difficult to scientifically quantify them precisely. It might be better to choose several different path events and then compare their respective benefits. Regarding the law of diminishing marginal utility, consider a treasure chest that requires five identical keys to be inserted simultaneously to open (or a lottery, where the more correct numbers you have, the bigger and faster the prize). In this scenario, each found key increases happiness progressively, with the joy from finding the last key potentially overwhelming someone with happiness. Additionally, there are cases where the combined effect of the parts is greater than their simple sum, resulting in an increasing effect. also,For instance, the marginal utility of scientific discoveries or technological advancements, when viewed historically, is increasing. The benefits brought about by technological developments in the past few decades far surpass those of the past.
@gloryeuniceeunice3 ай бұрын
Thank you very much Dr. Azevedo for such a great video! It is user friendly and easy digesting for such a complicated concept. I like all the examples you have been given in the video! Please post more great videos in youtube! Always support!!!
@madhavhans22892 жыл бұрын
Thank You for this very Great Video but Why, if you don't mind, you don't post videos now? And can you also tell how you record these videos. Otherwise Thank You So Much. This is so much more clearer to me now.
@wavesofenglish7773 жыл бұрын
loved it .. nicely explained
@JabulaniSimapempa3 ай бұрын
The you so much sir, I able to understand in depth about production and cost now,.. Cheers 🥂 to success 🥂
@udontknowme1547 ай бұрын
mind blown
@mohinigupta76232 жыл бұрын
Great video 👌👌 Nice explanation!!
@nangmomotheda3884 Жыл бұрын
crystal clear lectures, thank you teacher.
@DrAzevedoEcon Жыл бұрын
Glad to help!
@bbeeyangli9 ай бұрын
where is chapter 12?
@sohanshrestha94662 жыл бұрын
Why is the cost of raw materials not included in the TC(in the example)??
@jameswu97152 жыл бұрын
Awesome video!
@fl45811 ай бұрын
Econ would be a nightmare without your videos. Ive chosen Econ as an elective and you are saaaavvvviiinnng my life🙏🏼
@DrAzevedoEcon10 ай бұрын
Very happy to be able to help!
@nikhilfci2 жыл бұрын
Please upload chapter 8 and other missing chapters
@mahadiullah8784 жыл бұрын
Exquisite explanation!
@saltlifo55982 жыл бұрын
Have an exam within an hour. Thank you
@shradhachauhan81573 жыл бұрын
Very well explained 👍
@Marco-Mandy8 ай бұрын
Amazing Explanation.
@irenewang8393 жыл бұрын
the most helpful video on yutube!thx!!
@hanrong58563 жыл бұрын
Hello,professor!where is chapter 8?
@MKLee36911 ай бұрын
Dr Azevedo, thanks for your great video, but I have a question regarding cost of production when attending my lecture. My professor says that 'Technological advance may result that firm uses more capital and less labor, so fixed costs increase and variable costs decrease. ATC increases at low output levels and decreases at high output levels'. But the ATC curve is U-shaped. The ATC should decrease at low output level and increase back at high output level instead of converse. My understand is that ATC curve looks like "concave downwards" when technology improves?? I actually don't understand what my professor means. Hope you can solve my question. Thanks!
@DrAzevedoEcon11 ай бұрын
Honestly, I'm not sure what your professor is saying either. Maybe there's a misunderstanding somewhere. Typically, we would think about a technological advance as shifting the cost curves. For example, technological progress typically makes production cheaper, so the cost curves would shift down. Firms can also freely substitute between capital and labor (in the long-run), so there's nothing wrong with saying that a firm's fixed costs could increase and variable cost could decrease. However, this is very different from describing how ATC is affected by changes in output. If your professor is saying that the ATC curve is inverted....that's not true. Fixed costs are fixed....obviously. This means that AFC has to decline as output increases (because output is in the denominator). Variable costs increase as output increases. When you produce more output, you need more inputs, which costs more. AVC can be U-shaped, but will eventually increase due to the law of diminishing marginal product. If AFC is decreasing as output increases, and AVC is eventually increasing as output increases, the ATC curve is U-shaped. In other words, these two things together rule out the possibility of an "inverted" ATC curve.
@MKLee36911 ай бұрын
@@DrAzevedoEcon I have tried by myself to figure what is the meaning of 'ATC increases at low output level and decrease at high output level' by contructing a table of Q, FC, VC ... like what you did in the video. It turns out that compared to original ATC curve, when TFC (thus AFC) increases and (TVC thus AVC) decrease, when Q is low, the new ATC curve starts from a higher position that original ATC curve. Then the new curve decrease more rapidly than old curve (so new and old curve intersects at one point). After that point, the new ATC curve is always below the original ATC curve. I think that is the actual meaning of my professor. Though still thank you professor as you let me understand more deeply why ATC curve has to be U-shaped. My professor just teach one example of shifting cost curve, and then just said 'Figure out other possibilities by yourself and read the rest of ppt'.
@DrAzevedoEcon11 ай бұрын
@@MKLee369 Happy to help!
@guhbnu9 ай бұрын
HAAAAAAAAAAAAAAAAAAAAAAA thanks!
@DrAzevedoEcon9 ай бұрын
You're welcome!
@tanas21692 жыл бұрын
God bless U, Man.
@summerjho2781 Жыл бұрын
Thank you so much!! I want you to know that you truly helped me a lot. Thank you!!
@DrAzevedoEcon Жыл бұрын
You’re welcome! I’m glad the video was helpful!
@trungnhan788110 ай бұрын
you are my saver
@DrAzevedoEcon10 ай бұрын
Happy to help!
@charliejennifer38742 жыл бұрын
Love your voice & delivery!
@jjlamorena5822 жыл бұрын
Thank you so much sir :)
@mortazakhawari9232 жыл бұрын
thank you so much
@Ujh294 Жыл бұрын
Thank you so much for the video sir 🙏 Your efforts and expertise are highly commendable.
@DrAzevedoEcon Жыл бұрын
You're welcome! Glad to help!
@humayra87032 жыл бұрын
😍😍Thank you sir
@arhamshah14335 ай бұрын
Saviour
@DrAzevedoEcon4 ай бұрын
Glad to be able to help!
@ShadowFEB3 Жыл бұрын
Nice job sir
@sam-181011 ай бұрын
I was looking for resources I can use to learn Economics. I searched many times but I couldn't find a good one. Today I was so down because I couldn't understand this lesson after spending so many hours. So my mum searched for it online and decided to select this video. I'm glad of everything that happened that made me access this video ❤. Thank you for posting ❤
@DrAzevedoEcon11 ай бұрын
I'm glad you found the videos! Good luck with your studies!
@habibshakil3391 Жыл бұрын
You are motivating me to think like an economist,
@DrAzevedoEcon Жыл бұрын
Great! I wish everyone thought that way.
@奶爸博士3 жыл бұрын
thank you very nice class.
@botweygyectebeahvictoria6719 Жыл бұрын
thank you so much i feel i owe you
@DrAzevedoEcon Жыл бұрын
You're welcome! You don't owe me a thing....just do your best on your exams.