Lorenz Curve and Gini Coefficient - Measures of Income Inequality

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YOU HAVE EXPLAINED IT IN A BEST POSSIBLE WAY.... THANK YOU SIR

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Worded this so much better in 7 minutes than my 2 hour lecture in my econ class. Thank you

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2 hours of econ lecture in 7 minutes. Thanx dude 😍

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This could cause dependency culture tho ?

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[@manaralghamdi4781]

Thank you for this straightforward explanation. I liked giving real examples of countries so we can better understand the concepts. Keep going.

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Thank you very much for your efforts in making such helpful educational videos. Your videos have helped me so much from AS level. And now, i am an A2 student. I will still watch your videos. This channel is very unique of it kind as it helps student to prepare for more than globally recognized qualification in economics. Your efforts are very appreciated. I wish you the very best in your career and whatever makes you a better and happy person. Keep up the great work!!!!!!!!

[@realFriedrichHayek]

you deserve more likes and subs

[@justinyoun4712]

one of the most straight forward videos i have seen in a long time with clear explanations. Thank you

[@daveothomas]

This is the most understandable lesson I’ve ever seen, Thankyou sir dal

[@mritunjaykumarsingh2149]

This man explains everything perfectly ♥ ☺

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Thanks, I was able to write my 4th year economics essay in poverty and developemnt challenges because of you only

[@parwizibrahimi5150]

A simple question? Why do university professors try to make the concepts too difficult to understand? Do they enjoy watching students struggling to understand a simple concept? I learned Gini Index in 7 minutes here in this video while I could not get anything in 2 lectures of 90 minutes each. Thanks for the best explanation in this video.

[@tamaraharutyunyan2294]

you are a magnificent lecturer, and you definitely deserve more likes

[@JiniReddy]

Oh my goodness, u are such a great teacher, I understood what u said 3min into this video and could answer 3 assignment questions. Brilliant 👏, thank you so very much. 😁🤗

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How on earth, would I have known in 2016 that such genius person was uploading videos on KZbin.

[@nellykimani3171]

This has just helped me understand much better before sitting for my exam this morning.... thanks alot

[@hayahamid999]

Thank you for this. Almost slept 3 hours in class today because it made no sense. This is so much simpler.

[@BobThef]

"We are economists, we are good economists." made my day thanks

[@abdullatifmatin7824]

Thank you so much for making a complicated issue so simple. It really is smashing it, as you said.

[@TheBarrL]

I was so confused until I watched this video. Thanks so much!

[@DSinghK1890]

Thank you, very clear (as always) What are the weaknesses of this approach as compared to other methods of measuring income inequality? and what method is used in practice, by the World Bank for example.

[@tylerledbetter8844]

Thank you for your videos! They're helping me study for my Intermediate Micro final.

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Uhhh this is macro

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Thanks for the great video. My exam is tomorrow and I'm so Glad that I've found u here!

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This was the best explanation video I’ve seen. Thanks

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God bless you sir....fr made it crystal clear...👌👍

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Big up EconplusDal! Making econ way easier to understand.

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This class is extremely helpful. Thank you very much.

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I have a dev econ exam tmrw and this really helped! thank you x

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THANK YOU this was so helpful! Literally worded it so perfectly, I actually understand this now. 10x better than my professor LOL

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I've been watching you for years now, and after A-levels i thought that was it. However, in my second semester at University, Im back and it couldn't be any better! Sniff those mangos!

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Simple, clear, comprehensive. Thank you :)

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THANK YOU SO MUCH FOR SHARING... YOU MADE IT SO EASY TO UNDERSTAND...YOU SAVED ME

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This is what I need for my Regional Development plan.

[@venkatachalapathibaskar5927]

Simple and Systematic. Thank You. I appeal you again: Please write a textbook of Economics based on your video lectures and make that book available to India.

[@56dragonfly]

this was literally so easy, simple and fast to understand. thank you so much for this video! :)

[@chesterconnell]

Excellent communication skills. That was very well done.

[@erikaleopardi4724]

Saw several videos and FINALLY understood! Thanks :)

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best economics teacher ever!!

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Thank you so much for putting this out, it was extremely helpful!

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you are the best KZbin econ professor!!

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Thank you Dal, you really helped our asses!!!!!!!!

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great explanation, finally got this after hours of headache, thanks man!

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Man, I’ve spent a good hour doing the working for a perfect equality Gini coefficient and you just saved my ass.

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You deserve a gold medal 🏅 buddy!

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Thank you Sir ❤

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Thank you so much for explaining everything 🙏

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Great video. Thank you

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finally got the idea". thanks dude"

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awesome video thanks for the helpful info

[@MsPoxxy]

You explain so well but a bit fast. Thank you

[@samcaddy8544]

Explained brilliantly

[@amritasriv87]

excellent explanation...excellent teacher

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Outstanding presentation

[@muhannadalmuraikhi6408]

Excellent explanation, it deserves 10 likes

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Extremely good explanation!!!

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This was extremely helpful 💜 thank you so much

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Thanks for the well explained material. Very helpful...

[@aluelmajok]

Thanks for the visual explanation Sr. It makes sense really well👌even though it is massed up!

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My Y11 Class loved it and they are going to get band 6's in the HSC

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No thank you it really helped me did not understand a thing before the video

[@blAckroze015]

This is very informative. Thank you

[@jameschambers2346]

Good video. Something that strikes me though, is that "the line of perfect equality" really should be called something less misleading, like "the hypothetical line of proportional equality" (less catchy I will admit). I say this because (it appears) there's nothing intrinsically good about (eg) 50% of the population earning 50% of the income; that is, it implies there's some magic in the 1:1 ratio that makes it desirable over other ratios. I assert... If a persons needs are met, that is there's food on their plate, they've a regular income, leisure time, a degree of consumer spending etc; it matters less if their neighbour has twice as much, or ten times as much as they do. It might not even matter at all. :)

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WOW.....THE EXPLANATION WAS JUSS SICKK

[@EliteHero301]

Really helpful for A2 revision - Thanks and keep at it c:

[@GonzoTehGreat]

A clear explanation which is easy to understand but I don't think you needed to use two separate graphs/axes. I think it makes more sense to compare Lorentz curves on the same graph/axes.

[@ajajajajay99]

Just easier to understand

[@wasa.9753]

TheShreester that's to compare 2 countries and their inequalities. he means to say that Norway has less income inequality compared to South Africa.. I think that's alright✌

[@hayahamid999]

For econ newbies who also happen to hate math - the only way to understand was two graphs.

[@arshkaur211]

Thank u so much sir.. your lecture is really very helpful.

[@bilalasad78]

Hey - quick one when you worked out the Gini Coefficient was that a guesstimate? or was there a calculation behind it? (0.25 and 0.65)

[@drenmatoshi929]

I think he used real figures from actual data.

[@wanjadouglas3058]

Excellent explanations

[@thoanguyen8940]

That was super easy to understand! Thank you for making this video!

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Excellent explanation.

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Thank you, that is well explained, I learned something.

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You are incredible sir

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It is a nice one and indeed is educative

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Thanks alot for this easy clear explaination

[@yasmeenzaman847]

🕊🇵🇰Thx frm Pak for explaining it so well.

[@dannyboy0807]

So helpful as always! thank you!!

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[@ayandakweyama4946]

Can you imagine South Africa, A country regarded as one of the most developed in the African continent has such an uneven distribution of income. My heart is bleeding even more for the rest of Africa 💔🥺.

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Amazing explanation!

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you have made my life easy

[@aizazaheer8995]

can we use this curve if we are talking about conflicts in macro objective . economic growth and inequality ?

[@sardarharoonsaleemkhan6499]

VERY WELL EXPLAINED

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Great explanation thanks

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Seriously amasing video

[@UmarDoesEconomics]

beauty of a diagram to use in development essays , can partner this with comparative advantage PPF if applicable , mucho good combo