how price is affected when the government allocates subsidies to producers
Пікірлер: 132
@shockoboy44217 жыл бұрын
9 yrs later this video is still helping students like me
@arkadygavrilov27136 жыл бұрын
even 10 years
@haotianni7735 жыл бұрын
now it's eleven years lol
@Nick210124 жыл бұрын
@@haotianni773 Now 12 years.
@zergling26213 жыл бұрын
@@Nick21012 18 years now
@karolina45863 жыл бұрын
@@arkadygavrilov2713 12 years
@RememberSeptember14 жыл бұрын
Thank you so much, these are great for revision! I wish our teacher was this clear in explaining. You do a marvellous job.
@davudhydyrov36035 жыл бұрын
Very helpful, and I mean it !! Short and effective !! Slight correction at min 1.03 ; should be 'price fall'.
@dikshikhasumrah3395 жыл бұрын
Finally! Thank you sir😊😊😊i am so grateful for the service you are providing online.
@cxilelab15 жыл бұрын
my school needs teachers like you! you seem very interactive & your explanations are succinct & clear. please do continue with your valuable lessons!
@gogogu52738 жыл бұрын
thank you so much !!! It is very well and clear explained
@doseoflifeuk14 жыл бұрын
HI Phil Thanks soo much for these videos, Every single person that has watched these videos appreciates your work. thanks again
@gorf9215 жыл бұрын
Thank you. Your lessons are amazing! Please keep up the good work!
@alexrascanu6 жыл бұрын
Useful video! Thank you.
@891anarchy13 жыл бұрын
you are seriously amazing, i wish i had you as a teacher, i thought i would be hopeless for my economics mock exam tomorrow BUT I NOW HAVE HOPE, in the past 10 months i have learnt nothing in comparison to the past 45 mins of your videos
@TomButler13 жыл бұрын
I love your videos. They have really helped me to understand theories of Economics much more clearly. Thanks for your effort.
@Lietumi13 жыл бұрын
Dear Phil, THANK YOU SO MUCH! I've got my Micro Economics retake in like 5 hours and as i have 3 exams tomorrow, I didn't have enough time to look through all of my economics notes. I've watched all of your videos and i found it so helpful - you have a gift of explaining. Keep posting videos, I'm going to use them for my Macro Economics understanding. Thank you again!
@rainingonshinygrass14 жыл бұрын
Thank you so much. I have an economics module next week and you may have saved my life.
@quickmike9 жыл бұрын
If this is true, then why is education, even with inflation factored in, more expensive now than it was before it was subsidized by the government? Shouldn't it be cheaper now?
@arynees9 жыл бұрын
education is a necessity. ..so the private sector part of eduction takes advantage of the fact that it has inelastic demand because if price of education increases...demand will decrease at a lower rate and since they are now subsidised by government. ..the profits increase too
@Kachaloo15 жыл бұрын
Once again made things soo much clear and interesting. Thanks.
@denisemiddlebrook87434 жыл бұрын
Thank you so much this is very helpful to me I will use this for now on thank you for going step-by-step with us
@kejew27924 жыл бұрын
Eternal Atake just dropped 🔥
@darrenadaly15 жыл бұрын
One of the best economic teachers ever! What you have produced in all your videos is nothing short of amazing. Its clear and concice and actually understandable - your MINT!!! And you should create a DVD i know i would buy it lol
@georgiarebecca10012 жыл бұрын
If i do well in my Economics exam next week it will be solely down to you, seems to actually make sense when you teach it. Thankyou!
@eskimosoap14 жыл бұрын
Thank you for making things clear for me. If only there were more lecturers like you!
@ollysprings15 жыл бұрын
If you made a dvd you'd be the most minted economics teacher on the planet. How is it possible to be this good?? I've got an A level exam tomorrow on the EU and I've learnt more in the last 30 minutes from your videos than this entire year at school!!!!!!!
@TraaacyL12 жыл бұрын
never am i taking economics again, but you've just made it so much easier, appreciated.
@ienjoypuddingcups10 жыл бұрын
How do governments determine the magnitude of the subsidy (how much money they should give per unit produced)?
@ShotGun186112 жыл бұрын
our econ teacher recommended this video.. this makes so much more sense than what our teacher taught us xP
@joelbell104311 жыл бұрын
Great video- taught me in 5 mins what my teachers couldn't in a year!
@sanju0202able14 жыл бұрын
i like the last action u did soooo sweeet ......bidawy tnk u...... ur videos r rly helpful .
@JCM71812 жыл бұрын
Thanks for this video! Really helped on explaining the benefits/consequences of subsidies for a globalization class!
@D4ny4L11 жыл бұрын
Could you (maybe within a short period of time) add a video about export subsidy? On the one hand there is one video on youtube, but your way to explain is excellent.What I especially have problems with is the background: Why does the price rise with an export subsidy. Why does it effect on the world market how it does effect etc. Would be very kind :-)
@sna3ke15 жыл бұрын
you were made for this...you should just do this all day thx again...a lot of help for ib exams
@sanulyananayakkara90755 жыл бұрын
Thank you soo much well explained❤❤
@pajholden16 жыл бұрын
hi rfvo. I suppose that if the point of a subsidy is to boost production of a positive externality creating good, then assessing the correct size of the required subsidy to lift the market generated output to the socially optimal level could be difficult. What if the subsidy was over estimated? Couldn't that lead to over-production - that is to a level of output beyond the socially optimal level? It's a bit like not getting the tax right on negative externality products... Regards, Phil Holden.
@curnalBIG10 жыл бұрын
Thank you sooooooooo much. I could not thank you enough. Honestly, a massive thank you, keep doing what your doing, your doing an amazing job Sir THANK YOU :D
@nustada10 жыл бұрын
I would divide the profit for the supplier with tax again. Because to get a subsidy, you also have to lobby (bribe from the potential profits) politicians.
@SpecOppslKinsler11 жыл бұрын
well price cannot effect the demand curve, but it can effect quantity demanded. As the demand curve is affected by non price factors, eg. Advertising, change in price of compliments and substitutes and so on. But to a consumer the subsidy is a change in price so it would not affect the demand curve.
@Kachaloo14 жыл бұрын
Love your videos. Life Savers. Thankssssssss.
@leobri61336 жыл бұрын
very helpful video and greatly explained! thank you
@MrLuk30910 жыл бұрын
Great help for my economics class, thanks a lot.
@pajholden15 жыл бұрын
Thanks for commenting - In that they don't pass on all the subsidy in the form of lower prices to their customers.
@Real-madrid581214 жыл бұрын
thank you very much pajholden!! ur much better then my teacher!
@showmick1213 жыл бұрын
THANKS PROFESSOR!!! LOVE FROM SWEDEN
@luckyim65048 жыл бұрын
That's mean the new producer surplus must be below the demand curve which positioned itself above the ruling place?
@esmereldastar100411 жыл бұрын
Thank you. These videos are amazing!!!
@gustavocortez666112 жыл бұрын
dwl is the triangle on the far right between old supply and new supply and beyond the demand curve. make sense?
@omgtheskyiscrying14 жыл бұрын
@fromage92 Hey I know I'm not Mr.Holden, but hopefully I can help? This might be good revision for me too. Um, If the price elasticity of demand is inelastic this means the demand curve will be relatively vertical. This means the area on the diagram of subsidy passed onto consumer will be greater. And also, logically, if consumers are relatively unresponsive to changes in price then the firm can "absorb" more of the subsidy as it will not effect the demand of the good, right? I could be wrong..
@luvisprecious16 жыл бұрын
wow this sounds crystal clear now. Thanks
@xAishieex12 жыл бұрын
So much love for you Paj. Unit 1 resit next next - Bring it onnn!
@Kelpy10 жыл бұрын
another good one!
@alan17089213 жыл бұрын
thanks man, you helped me a lot for my econ's test preparation
@halfvolley1111 жыл бұрын
I was hoping to understanding deadweight loss , CS and PS with subsidies.
@RTX9414 жыл бұрын
@fromage92 @fromage92 You actually have the concepts mixed up. When the PED is INELASTIC, consumers are irresponsive to changes in price, so the producers pass on the incidence of tax on to them, in the form of higher prices. But, when the PED is ELASTIC, producers cannot risk losing sales by increasing their prices, so they end up paying a higher portion of the tax. Hope that helped! =)
@louiethemouseful10 жыл бұрын
Mr. Beannnnnn
@anatrammidak12 жыл бұрын
Paj-conomics is awsome.. I really appreciate it..!
@sophiesophster13 жыл бұрын
what about elasticity? what happens if demand/supply are inelastic for example?
@setch7713 жыл бұрын
pajholden, so what are the effects of say subsidies on price volatility of agricultural commodities?
@ne1l00716 жыл бұрын
Producers may use the subsidies to cover cost, and not pass it down to the consumer. Why else may subsidies not decrease price?
@dannyf2815 жыл бұрын
you should make an economics tutorial dvd or something for a-levels
@diyaanads705 жыл бұрын
Life saver🙏🏻
@gilbertquaye15853 жыл бұрын
great explanation
@mmmaskewitz11 жыл бұрын
Thanx! Helped a lot. Very clearly explained :)
@Zelban1237 жыл бұрын
Thank you, was very helpful!
@jeevanmusicluva10 жыл бұрын
very helpful video, thank you so much!
@gayatrikunte40039 жыл бұрын
Thank you for the video! Very helpful indeed! Just had a doubt though on how the subsidy amount shaded can be divided into the producer's gain and the consumer's gain? if you could explain that again, it would be great! Thanks anyways!
@andrewdoddamani12387 жыл бұрын
Gayatri Kunte no😂😠
@MindlessSpotTube12 жыл бұрын
thank you sooo much for explaining this!
@lechugaJR10 жыл бұрын
What does consumer and producer surplus look like?
@YunusSancak15 жыл бұрын
You are just perfect!!!
@chedbeckford806711 жыл бұрын
Thanks very much
@pajholden14 жыл бұрын
@RTX94 very well put!
@taimialweendoh644 жыл бұрын
best teacher ever yeah....
@TheTjarvis11 жыл бұрын
definitely pajholden to sort out the world economic crisis
@WOGI5M14 жыл бұрын
What about subsidies given to consumers so they can purchase more?
@anouck85057 жыл бұрын
What is the consumer surplus and the producer surplus after subsidy?
@irenearahal96386 жыл бұрын
You are a disgusting piece of shit
@HenryConen9511 жыл бұрын
Can a subsidy ever effect the demand curve?
@havanabeachincuba13 жыл бұрын
What happens with producer surplus after subsidies? And what is the deadweight loss? Thnks
@bustedemotions9610 жыл бұрын
Thank you sooooo much!
@sithdinosaur12 жыл бұрын
what about the demand curve?
@ML-ek5ur6 жыл бұрын
May you please explain the welfare loss in this graph? +pajholden
@vinaysharma64293 жыл бұрын
doesn't it create deadweight loss?
@tomcalderful12 жыл бұрын
Greece should put this guy in charge
@graemegoodman91906 жыл бұрын
very helpful! thanks!
@musaebalthaidi588611 жыл бұрын
It would be better if you label everything!
@yumchalife112 жыл бұрын
i have a question, would the consumer and producer surplus also represent the amount the consumers expenditure and producers income?....or are consumer surplus and consumer expenditure, producer surplus and producer expenditure two different things?
@romaion40248 жыл бұрын
well done!
@CamShaft20012 жыл бұрын
As always, THANK YOU! :)
@martinchingy15 жыл бұрын
so the producers keep the L shaped block at 3:08?
@curea11315 жыл бұрын
real good. thanks..
@Max-zs8zr6 жыл бұрын
what kind of terrible human being dislikes a Paj video?
@Tps196913 жыл бұрын
Very helpful, thanks :)
@TomConnorV13 жыл бұрын
you have now replaced one of my teachers! great vids
@fatimaa33310 жыл бұрын
Yesss! Thank you!
@Cindayyee11 жыл бұрын
God, thank you so much!
@MrDankeil14 жыл бұрын
absolute legend!!!
@kevindejo85568 жыл бұрын
Do the consumer surplus increase ? (not sure if the big rectangle is part of the consumer surplus ... ) thank you
@syeda66978 жыл бұрын
+Kevin Dejo it depends on elasticity. If elastic then more would go to producer as the subsidy compensates for the lower profit gained from low prices. Im saying in terms of gain hope this helps :).
@felroberto8 жыл бұрын
+Kevin Dejo Yes, both the consumer and producer surpluses increase, but because the government loses more revenue than those additional surpluses, the net effect of this subsidy is negative for the whole society
@sfsy113 жыл бұрын
i like your videos :)
@jamesolojo7872 жыл бұрын
Phil Holden the daddy of Economics
@RTX9414 жыл бұрын
@pajholden Thank you! Coming from you, it means a lot! =) Since you're online, let me take the opportunity to thank you for all the videos you've uploaded. My AS Economics Exam is in 3 days, and you're videos have helped me out a LOT.
@tanzirou16 жыл бұрын
GREAT!
@sarah1996stacey11 жыл бұрын
thank you so much! :)
@pajholden14 жыл бұрын
@intelgates tempting..... maybe I will retire there.