How to draw income and substitution effects

[@Hercules003]

You are no mumbling professor, you should call yourself Professor Clarity. I have been struggling to get into grips with this hicksian model- you just made it look so simple! Thank you.

[@tushtichakraborty4149]

OH MY GOD!!!! I've been struggling for 30 days straight , no amount of reading and re-reading helped. Thank you SO MUCH, you have my heart.❤️

[@iop460]

Now , you will teach me this 😂

[@vinaysharma6429]

and uh have mine😂

[@eriangelino7800]

I remember when I took a micorecon class, the guy who taught me was smart but had no idea of how to explain and channel it to his students. You clearly demonstrated with this short clip that teaching is an art. Teaching requires a special skil like magic.

[@juanvaldez4169]

Thank you so much professor, this was extremely helpful. Wonderful explanation!

[@MumblingProfessor]

+Juan Valdez glad it helped!

[@jamesbai5586]

I actually learned so much in just 6 minutes wow.

[@jonen9494]

Thanks, way more informative than other videos on the subject. Your help is much appreciated.

[@mohtoadh]

To say that this helped me would be an understatement. Thank you!

[@rashidlone17]

Watched this after 9 years.. You Rock Professor.

[@meiqingao7064]

I have been struggling for a month, and thank you so much!!! This is so clear!

[@danielshikuku5588]

Thank you so much for your coaching ...i have learned something new i didn't understand in class

[@bauyrzhanmakhambet4747]

You are not mumbling Professor! Your explanation is so great. Now I don't have any doubts of drawing those graphs

[@Mahdul]

Thank you professor!! I was struggling with this drawing yesterday and now i has become cleared :-) Bless you

[@samitaboon6530]

I don’t think I can thank you enough. You are my lifesaver ❤I have been struggling for a whole week to get a grip with drawing these graphs.

[@keithhudson3138]

I love you!!! Thank you!!! Perfection!!!! I'll be watching this all weekend so I will have it etched in my head.

[@luckyim6504]

omg i was falling asleep due to so much technical terms when i was reading economics reference book. This makes so much better and simple

[@mdashikurrahman2263]

6:57 minutes video equals to 3 hours lecture of my uni.

[@chrismoore970]

as far as your 'Zoomed In" portion of the video goes, holding purchasing power constant would make it so you could afford bundle A. your optimal bundle would change as you shift the slope of your budget constraint. a budget constraint with a new slope would mean the IDC would be tangent at a different point & you're optimum under new prices would change. the difference between your optimal bundle at old prices (A) & new prices (B) would be the actual substitution effect. I don't see how you can claim that you've held purchasing power constant, but make your original bundle unaffordable. i am a student trying to understand the material but it seems as if you are combing Hicks substitution (hold utility constant) & Slutsky substitution (hold purchasing power constant). if i am not understanding this correctly please explain why. Thanks!

[@TheCRonaldo1022]

You are such an awesome prof! Very easy to follow and clear on every single point! Thanks a lot.

[@manyamehrotra6275]

thank you so much! This is by far one of the best explanations on the topic :)

[@wanjadouglas3058]

You just saved me big time Prof. Appreciation from Nairobi Kenya

[@EgeHanci]

Fantastic video and really helpful for university, thank you

[@diahpramesti2755]

you are very helpful, very clear, especially for people who study this with English as a second language. Thank you so much :)

[@chudaibi988]

Beautiful graph. Thanks pro!

[@mariahadiqa1873]

You made it so simple, excellent video

[@ScienceTech001]

Great video welcome in India

[@jingsun5374]

wonderful explanation and you make it look very simple

[@josephotieno5907]

wow....fantastic explanation. Precise enough

[@abrahampkursho7242]

Absolutely awesome , lecturers make it look tough ♥️♥️

[@wjtan351]

how do you draw a line that is parallel to the new budget constraint and is tangent to the original indifference curve?

[@vyle7100]

Thank you so much! Your explanation is the clearest one and help me understand the concept very well.

[@trialsofkay890]

i'm watching this 9 years after it's posted and i got to say, it helped me so so much. thank you!

[@CyanideShock]

Bravo. Great job explaining a difficult diagram with such ease.

[@reshaddurani3445]

Thankssssss a lot miss professor, just got it too easily. YOU ARE THE BEST

[@khan40018]

really a concise,clear and helpful thankyou professor

[@nahirjaved]

Thank you mumbling professor. It helped a lot.

[@harmsbf3673]

Best explanation ever! Thanks!

[@hamayonfaisal829]

A great video! thank you for providing such excellent lessons.

[@yllassally]

Thank you!! This was very clear and easy to understand!

[@aonmay8947]

remarkable explaination. Thank you Professor.

[@Saidul0_0]

Thank you 😊 for elaborateI easily understood the concept

[@KhatuShyamji1105]

ur explanation is really good...thanx a lot

[@sabrinafatemachowdhury6974]

Thank you so much, mumbling professor. A very effective video

[@harpreetkahlon5743]

you are very nice professor ,wonderful explanation .thanks

[@seerat1000]

God bless you professor great explanation :) thanks

[@fabricioface]

really cool, especially the "wrong" slide

[@hshibeeb]

Perfectly explained Thanks very much for your time

[@suleimanomar3228]

thank you professor that was really helpful much love from kenya

[@nevais171]

This only became clear to me after watching the video. THANK YOU!!!

[@Thakurrahul1867]

Awesome... Thnx professor... Really amazing explanation.

[@juliaaltit7938]

You were amazing professor! Thank you so much for your wonderful explanation! you saved my life

[@farjiarashid2947]

thnx a lot professor........really helpful.... !!!!!!!

[@bashubash]

This helped me. Thank you.

[@mrshulk781]

wowww... best explanation ever.. thank you so much

[@bennymbilo273]

I love you Prof😘...thank you for this tutorial.

[@Tshikumu]

thank you well explained got it ready to shine

[@LeonMusicful]

This is 1000000% clearer than my CFA textbook.

[@dwijenbhowal4394]

thank you so much ma'am , that was wonderfully explained ,I had really been suffocated to understand and draw the diagram,which you had explained in such simple kind of way,thank you so much ma'am.

[@mohamedelassy8506]

Thank you! Short and Sweet.

[@LwaziNzimande]

Thank you! Short and Sweet...

[@jonathanbarratt4079]

You're a hero, maybe next time use colours to make it even easier to see but still an excellent video thank you very much.

[@MumblingProfessor]

+Jonathan Barratt Thanks for the suggestion.

[@famaaftab9022]

This was so helpful. Stay blessed ☺☺

[@TreBlass]

Thank you so much for the tutorial...I now feel so confident in this topic..

[@Saba-dv1pz]

Thanks for that clear explanations ! :)

[@JulianWalmsley]

Most helpful...Thank you!

[@HuyenNguyen-pl6lb]

Thank you for explaining it carefully :)

[@patricia59452]

This was very helpful. Thank you!!

[@pujachouhan8831]

Thanku ... it really helpful. . Very easily i understood

[@MrYevin]

Great explanation 👌

[@balochistatus7506]

Thank you Professor its was really helpful.

[@gideonopoku2088]

Awesome explanation

[@battu007]

Thanks a lot... Great video... made in 2012 yet helpful in 2016 =D

[@damodarprabhu3221]

Thanks , as ur explaination help me to know what it means n how to draw it... , I loved how u presented .... Again thank you very much.

[@MsKnightey]

Thanks professor very helpful

[@ermxin]

Good explanation, buuuuuut it would be good to mention the difference between Hicks and Slutsky....cause IT IS possible that the parallely displaced budget constraint crosses the optimum in A....as long as you draw a new indifference curve for the B, which has to be parallel to the indifference curve of A. That would be the Slutsky substitution and income effect.

[@freshluvjoe]

That was very clear! Thank you! I understand now.... finally. :)

[@NepalSpaInsider]

great 😀thank you soo much☺

[@bilalasad9901]

I am so sorry, I am not sure how responsive you are but I do have a question! What happens to the graph if the price reduction is on the left? i.e the vertical axis?

[@Jasminriverarealtor]

Super helpful!! Thank you

[@G4meLab]

Helped me a lot! Thanks!

[@kayolatyson5999]

Thank you so much. Very helpful.

[@ayeshampd]

thank u professor. very helpfull

[@chrismoore970]

if you are holding purchasing power constant why can you not afford the original bundle A that you began with? by remaining on the same indifference curve aren't you holding utility constant, not purchasing power?

[@zubairkaisar1293]

Wow so clear! thank you so much.

[@plankman6197]

Bless you professor!😭😭😭😭😭😭

[@shivnandansinghlodhi8408]

Thank you so much. This was so helpful.

[@donglinghuang4537]

thank you! Find this really helpful!!

[@Hiphop7King]

great explanation! thanks

[@59-chandansharma21]

Thanks mam for analysis institutional effect

[@Johanian6]

Thanks! You're very good at explaining!

[@chiyanlau479]

May I ask, how to justify the x and y intercepts of the budget line which tangent at point B? The definition of the intercepts of the budget line is Income/Price of (milk or cookies).

[@indiePundit]

You're awesome! Thank you!

[@radhapatel8288]

This was very helpful thank you so much

[@kumailrazapardhan7667]

Thank you so much professor .

[@zakirhossaeen4686]

It really helps me!!!

[@nadhifhaiba6322]

wonderful explanation

[@ranabushreida7145]

Thank you so much Professor. It's really helpful! (Y)

[@dilruvirajapaksha4350]

😃

[@jaredhee4194]

really well explained thanks a lot!

[@ificanpassthenyoucantootru6981]

👌🏻👌🏻👌🏻👌🏻👌🏻

[@MoodReaderMary]

Thank you so much! This helped me a lot and I have an exam tomorrow! :D

[@cavalos934]

Thank you! That was a great help! :)