Elasticity of Demand and Supply Coefficients- Micro Topic 2.4 and 2.5

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Jacob Clifford

Jacob Clifford

Күн бұрын

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@ryanmoorcroft2868
@ryanmoorcroft2868 9 жыл бұрын
I have just understood more in 7 minutes than i have in several classes... Thank You!
@thekid6524
@thekid6524 5 жыл бұрын
No kidding, holy.
@valentinaacosta2493
@valentinaacosta2493 10 жыл бұрын
I have a college exam on micro tomorrow. I've been studying this concept for 2 weeks now and this guy is the only one that nailed it. awesome video!
@amandaharvey249
@amandaharvey249 9 жыл бұрын
These is literally the best videos I've come across to explain my college level Microeconomics course. I felt incredibly incompetent when learning this at first and coming across your videos have explained everything crystal clear. The way you explain things makes everything actually make sense! You're a phenomenal teacher! Thank you so much!
@noobhi1249
@noobhi1249 Жыл бұрын
even though this video was already 12 years old, it still give me the best explanation ever for micro in 7 minutes than any other video
@Eilrahczero94
@Eilrahczero94 10 жыл бұрын
30 pages worth of information explained in 7mins. Great video and the concepts were explained well.
@TimVolkovPhD
@TimVolkovPhD 10 жыл бұрын
maybe the guy should run a college of his own? )
@Bobzorfish
@Bobzorfish 7 жыл бұрын
You are a Economics king, god bless you Mr. Clifford. Now I think I'll pass my exam this morning. Thank you, you are a gentleman and a scholar.
@thatoneguitaristgirl
@thatoneguitaristgirl 5 ай бұрын
did you pass? it’s been six years and you’re probably in college but i’m curious :)
@ramoftherose
@ramoftherose 10 жыл бұрын
Literally don't know 3 chapters worth of Economics so I don't understand any new lessons my teacher is teaching me. This helps. Like alot. Thank you Mr.Clifford.
@Sustainabites-vo5nz
@Sustainabites-vo5nz Жыл бұрын
OMG!!! Where was this video before??? Solved all my queries and helped me more than what ChatGPT, Bard, and Bing AI Chatbot could, plus my teacher too
@gloriaa0214
@gloriaa0214 9 жыл бұрын
God bless you Mr.Clifford!!!!! This stuff can get so confusing but you really make it easy to understand and most importantly engaging and interesting. Thank you sooo much, you save my life many times!!!
@DJHerring-c2e
@DJHerring-c2e Ай бұрын
This video was published when I was in middle school and here I am using it to study for my final exam in my 5th year of college, thank you so much for what you do.
@mis_korkoiarmah4323
@mis_korkoiarmah4323 9 жыл бұрын
i am getting demand and supply now. thank you very much, God bless you for what you are doing
@JacobAClifford
@JacobAClifford 9 жыл бұрын
+adwoa armah You are very welcome. Let me know if you need anything else.
@mis_korkoiarmah4323
@mis_korkoiarmah4323 9 жыл бұрын
do you do any course apart from economics
@JacobAClifford
@JacobAClifford 9 жыл бұрын
No, sorry.
@ignatiuslwendo9866
@ignatiuslwendo9866 8 жыл бұрын
adwoa armah h
@jacobrosa7653
@jacobrosa7653 8 жыл бұрын
made a ton more sense than the 45 min mit lecture, thank you
@isabellashatova4416
@isabellashatova4416 11 жыл бұрын
you popped out like a miracle right before my micro exam, thank you so much for this video! :)
@Potencyfunction
@Potencyfunction Ай бұрын
No. Never. You have to understand the meaning of economics on ´both plans: macro level and micro level economics. Because all your incomes are calculated and compared to the market rate. Than you realize that you are nothing compared to the real market.
@woodyt361
@woodyt361 13 жыл бұрын
Thank you..Finally some one who teaches and explains, Unlike my teacher who can barely speak English or explain in terms people know
@zackattack7967
@zackattack7967 8 жыл бұрын
best econ teacher in the world . I bought the review packet !
@ТарасУсач
@ТарасУсач 2 ай бұрын
First time i understand the lesson in the class just because i watched this video. All thanks to the teacher. Appreciate it soooo much.
@Torresisabel
@Torresisabel 11 жыл бұрын
You have just saved my life. My assignment is due today and I was struggling a little trying to understand this. Now that that the basics are clear I will be able to make more sense of my readings. Thank you so much.
@Colbat45
@Colbat45 8 жыл бұрын
You explained the first two chapters of my masters course in language I can actually understand. Thanks!
@markjarman4267
@markjarman4267 9 жыл бұрын
You are literally saving me, I just figured out I write 2 tests tomorrow and I haven't started for either. Thanks so much for the vids you are a life saver!!!! big thumbs up
@samandcory7536
@samandcory7536 8 жыл бұрын
These videos are great for helping me study. I've taken Economics since highschool and sometimes I still don't get the concepts. ACDC Economics helps me understand econ just a little bit more! Thanks! P.S: If you're not too busy, I think remaking this video with your new technology / film style would be great.
@noviekcagustines4296
@noviekcagustines4296 8 жыл бұрын
Thank you sir. Tomorrow's our midterm exam and our professor has his complicated way on explaining this lesson. This was a great help to us filipino students. Thank you! :)
@Maxwellfilm16
@Maxwellfilm16 10 жыл бұрын
I WOULD NOT HAVE GOT AN A AT AS LEVEL IF IT WASNT FOR THIS DUDE! ABSOLUTE LEGEND
@jakejohnson5653
@jakejohnson5653 11 жыл бұрын
Seriously you are a better teacher than my accredited MBA professor....
@bac18hockey
@bac18hockey 12 жыл бұрын
skipped 2 hours of class and learned everything in this 7 min video. thank you Mr. Clifford
@tuanhoangnguyen4784
@tuanhoangnguyen4784 8 жыл бұрын
the best channel for microeconomics so far
@jennykelly8276
@jennykelly8276 7 жыл бұрын
I understand the concept so much better now. Thank you for these!!!!
@amiaries24
@amiaries24 6 жыл бұрын
I understand you more then an entire month in class. Please comeback to videos like this, on the latests videos you “run” to much Thank you!!!!!
@sachitraweeraratne9236
@sachitraweeraratne9236 9 жыл бұрын
This method is very easy and profitable.Thank you very much for sharing your knowledge. Your explanations are so clear and understandable. Keep it up. God bless you, you're doing a great service to the world.
@cameronluscombe
@cameronluscombe 7 жыл бұрын
This really was helpful. I studied for my last exam using your videos to explain concepts and got a 98. Thanks for the work you do!
@saranghaetohyuk
@saranghaetohyuk 13 жыл бұрын
Thank you so much! So simple to understand. I feel a lot better about this topic now. My final is tomorrow and I understood it when we first learned it... I just needed some brushing up. Thank you!!!!!!
@kgpbghlr01
@kgpbghlr01 11 жыл бұрын
Helps A LOT!! You are so much better than my micro teacher.. Keep up the good work!
@riachriistopher495
@riachriistopher495 8 жыл бұрын
:) I wish you were my full time lecturer..You rock!!!
@xMonstaaaR
@xMonstaaaR 10 жыл бұрын
You sir, is a life saver, thank you for the videos and your efforts to help us students. I have a test tomorrow on Micro, Good Luck to all whom are taking the exam tomorrow :D
@TimVolkovPhD
@TimVolkovPhD 10 жыл бұрын
you, sir, ARE*... jeez
@maryannsanagustin7023
@maryannsanagustin7023 3 жыл бұрын
thank you! been reading the chapter for hrs but you explained and made it clearer in 7 mins!
@elizabethmorales5680
@elizabethmorales5680 10 жыл бұрын
Awesome video, I have been reading for and entire week almost none stop just to learn what has been explained in minutes...thanks.
@thebeatles9
@thebeatles9 8 жыл бұрын
You inspire me to be a better tutor! I actually already do a bunch of the stuff you do like "OMG what is this craziness?? AHhh!" Then I'm like "Well, no, actually, once we break it down a bit it's quite easy." =D
@CarterMermer
@CarterMermer 8 жыл бұрын
i was scared for my micro test but after watching all of your videos for ch 2 and reading your powerpoints, i feel so confident. Thank you!!!!!
@noora8023
@noora8023 11 жыл бұрын
you are so good at teaching this in such a short time!!!! my professor has no interest in teaching at all!! thank you!
@DemahInamay
@DemahInamay 13 жыл бұрын
BEST ELASTICITY VIDEO OUT THERE.! SO SIMPLE TO UNDERSTAND!
@malakbeydoun4145
@malakbeydoun4145 6 жыл бұрын
You are making economics way easier. Thank you!!!
@hgdmtab0032
@hgdmtab0032 5 жыл бұрын
Thank you, I got 82% on my 1st test because of you. Thank you
@tomaotgirl
@tomaotgirl 13 жыл бұрын
THANK YOU!! i was reading my textbook about this concept and nothing goes into my head at all, now i understand :D
@starfire139
@starfire139 10 жыл бұрын
I hope I remembered this correctly because there were a few questions on this today. All I can say is that basically the only questions I got right on the AP test were because of you. So thank you! (If I ever take macro or totally failed micro today and need to take it in college, I'm definitely finding you again because you rock.)
@markyjoe1990
@markyjoe1990 6 жыл бұрын
This is so much more helpful than my $84 textbook.
@tinado9233
@tinado9233 9 жыл бұрын
You are the best teacher .Thank you for helping me in economics subject
@ashleyhiller3972
@ashleyhiller3972 6 жыл бұрын
Hi9 igh it yog 2iw
@landross
@landross 12 жыл бұрын
dude you are a legend, best elasticity video ive seen
@marcbourbeau485
@marcbourbeau485 7 жыл бұрын
My prof for Managerial economics (MBA class) is pointing us to these videos. really great explanations, thank you.
@alezen110795
@alezen110795 12 жыл бұрын
Made my life so much easier! I learn all my stuff from his videos
@JacobAClifford
@JacobAClifford 11 жыл бұрын
Sorry vydo5454. I have a condition called isuckatspellingitus. I've had it everr sinse I was a litle kidd. I use to be self-consious abuot it butt now I dont give a crap.
@iluvgeet
@iluvgeet 9 жыл бұрын
My midterm is in 2 weeks, I thought I was going to fail this course and now everything is making sense :') thank you so much!! -University of Toronto St. George campus student :)
@LBJBUSINESS
@LBJBUSINESS 3 жыл бұрын
Even your old videos are great... Thanks, Clifford the Big Red Dog
@MrJaredMazin
@MrJaredMazin 12 жыл бұрын
thank you so much i have a big test on this tomorrow and was very confused. You made it very easy to understand.
@ofunicorns
@ofunicorns 10 жыл бұрын
this man makes miracles
@dariustang9670
@dariustang9670 7 жыл бұрын
This guy is actually my hero.
@777davidM
@777davidM 6 жыл бұрын
a whole chapter explained in 7 minutes.....a lifesaver....Thank you!
@runningfromcomfort
@runningfromcomfort 11 жыл бұрын
You explain this way better then my lecturer!
@aleena_aaa08
@aleena_aaa08 4 жыл бұрын
I am watching this video in 2020 and yes it is very helpful. Thank you!!!!!
@skiman2311
@skiman2311 6 жыл бұрын
SAME HERE!!! Learn WAY more from his short videos, than a 3-hour college class.
@allegriamabunda8710
@allegriamabunda8710 8 жыл бұрын
love watching your vids.. i now enjoy and understand economics all because you
@anirudhgoyal5161
@anirudhgoyal5161 10 жыл бұрын
You remind me of Mark Cuban.
@andynam6745
@andynam6745 10 жыл бұрын
Thanks bro. I like the energy. You made it simple and easy to understand.
@LucidEnigma21
@LucidEnigma21 13 жыл бұрын
once again man, your helping me pass econ! thanks a bunch! :D
@andrew32320
@andrew32320 11 жыл бұрын
This is one of my favorites topic in economics, but it's so hard to understand at first. Great video -thanks.
@wongwai8088
@wongwai8088 9 жыл бұрын
It does help me a lot in understanding this heavy topic. Thanks a lot.
@richardowada249
@richardowada249 9 жыл бұрын
It is really a great help! Thank u please post more vids.
@lydiadavis7758
@lydiadavis7758 7 жыл бұрын
This video has the best explanation of elasticity of demand, I understand it so much better now! Thank you!
@hayleybrooke1994
@hayleybrooke1994 11 жыл бұрын
YOU ARE A GOD SEND. MICRO TEST IN AN HOUR!
@Darcobetter
@Darcobetter 7 жыл бұрын
Did you pass?
@Brandon-qr8zz
@Brandon-qr8zz 5 жыл бұрын
Even though this is an older video it’s still super helpful
@layalesper4619
@layalesper4619 6 жыл бұрын
i have wasted so much time trying to understand this !!!!! i feel so dumb i should've just watched this video. YOU ARE AMAZING !!!!
@nova011
@nova011 12 жыл бұрын
LOL@Beginning of the video, "omg is scary!!"" AWESOME video. Way better than my professor. Thanks.
@MaiNguyen-kh6ms
@MaiNguyen-kh6ms 9 жыл бұрын
The explanation is really useful!
@sonuvijay9914
@sonuvijay9914 5 жыл бұрын
Amazing explanation right before the exam thank you so much
@murandumakwena6018
@murandumakwena6018 5 жыл бұрын
am now getting the whole idea. thnx a lot Mr Clifford
@marissaparker4913
@marissaparker4913 9 жыл бұрын
Yes Yes Yes!!! A big giant thank you!
@Manananana20697
@Manananana20697 9 жыл бұрын
My prof really needs to learn from this guy
@rohanpruthi5714
@rohanpruthi5714 2 жыл бұрын
This is truly amazing, really learned a lot!!
@deewilliams7881
@deewilliams7881 12 жыл бұрын
EXCELLENT!!! I'm taking an online course. GREEEAATT!! Supplement.
@lhs014
@lhs014 11 жыл бұрын
thank you, you saved the world! (no really, im taking the ap micro test tomorrow)
@charlieben-nathan7833
@charlieben-nathan7833 11 жыл бұрын
Really great video, I'm getting my students to look at it for revision. I think there is one error. Unit elasticity will not be a 45 degree line, but will be a rectangular hyperbola. For example, for a 45 degree line changing the scales on an axis would change the slope of the line but wouldn't change elasticity. For any straight line demand curve elasticity will be infinity at the top, 0 at the bottom and 1 exactly in the middle.
@rishikachutani2508
@rishikachutani2508 4 жыл бұрын
YOU ARE THE BESTESTESTEST!!!
@jackmancuso833
@jackmancuso833 9 жыл бұрын
I watch two of these and I am ready for a test. Mr. Clifford have my babies.
@nihalebrarbocek2397
@nihalebrarbocek2397 3 жыл бұрын
I wish you were my teacher, our professors have been lecturing about this topic for too long, but I couldn't understand it till I watched your 7 minutes video.
@naomispiteri7092
@naomispiteri7092 10 жыл бұрын
Fantastic you explain so clearly
@resicaacharya8756
@resicaacharya8756 9 жыл бұрын
u r the best teacher!!
@tgaraditya
@tgaraditya 9 жыл бұрын
Prof, tell the people to turn off their adblocker when watching your vid. that we we can contribute to this channel
@benedictafuller8187
@benedictafuller8187 11 жыл бұрын
thanks for the lessons, it really helped me in my test. God bless u sir.
@zhoujemieur5694
@zhoujemieur5694 11 жыл бұрын
SO NICE!!!!!!!!!!!!!!!!!SO EASY TO UNDERSTAND.
@aqdas253
@aqdas253 9 жыл бұрын
awesome explanation...👌keep up the good work
@JacobAClifford
@JacobAClifford 9 жыл бұрын
+aqdas khan Thanks
@FAROOQ95123
@FAROOQ95123 9 жыл бұрын
one more thing if Income elasticity of demand is > 1 then its a luxury good.
@mandyf6564
@mandyf6564 7 жыл бұрын
"You either get it, OR YOU DIE" 3:31
@anwaralessa9090
@anwaralessa9090 11 жыл бұрын
you are really amazing teacher , you've got the talent :)
@inesvatic6431
@inesvatic6431 8 жыл бұрын
Thank you Sir! Fantastic explanation!
@VishitaUnfiltered
@VishitaUnfiltered 4 жыл бұрын
Your video saved my time
@rics6035
@rics6035 10 жыл бұрын
Thanks a lot man! Awesome explanationi
@hannakimpian6114
@hannakimpian6114 2 жыл бұрын
i learned more in these 7 minutes than i have in 1 month from my college prof.
@taniaangel3197
@taniaangel3197 8 жыл бұрын
This video was really helpful, thank you so much!
@yanahaenisch7007
@yanahaenisch7007 7 жыл бұрын
Amazing- You have helped me so much!
@varabhag6879
@varabhag6879 5 жыл бұрын
Mr Jacob Clifford u r awesome economist
@mariahdebono995
@mariahdebono995 10 жыл бұрын
You my sir are amazing !
@Potencyfunction
@Potencyfunction Ай бұрын
Does s this have correlation with Market Beta "asset" ( Beta value ) Capital Market Pricing Model because the formula is calculating : "risk free rate , market beta and expected return of market".In CAPM market beta is by default 1 and if the beta value is under 1-than express that the company´s the value is relativ lower than the market value and therefore a low risk....and if the value is over 1 that means that is a hihi risk. Is that only for "share on the stock exchange"?
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