Supply and Demand with International Trade (Old Version)

[@maxcotton620]

He is so enthusiastic about economics, I am going to cry.

[@mohamedisseahmed3827]

My name is Mohamed Isse . I am from Somali. I really, really appreciate your videos. I am not preparing Econ degree now , but I will Insha'alah. By the way, I am thankful to you. You are great lecturer. Thanks

[@kevinfeng6700]

Hello am 48 year man from somalia. Srry for my bed england. I selled my wife for internet connection for play "counter strirk" and i want to become the goodest player like you I play with 400 ping on brazil server and I am Global elite 2. pls no copy pasterino my story.

[@ZKrow382]

@@kevinfeng6700 lmfaooo

[@jasonmason6910]

Kevin Feng bro thanks racist

[@muhammadtapadar3980]

Oh lord, you deserve to go to heaven for the amount of lives you've saved

[@Fearless3773]

You explained an entire weeks worth of class in 6 minutes. Reading from the book or scuffed video lectures from my school couldn't do what you just did in 9 hours. Thank you lad!

[@yusufcankaya2943]

Best explanation I have ever seen before. May the force be with you, Jedi!

[@kazoobeep]

As someone taking the AP Microecon exam next week, I’m incredibly grateful for all your work on this series! Thank you so much.

[@SanjuktaMoorthy]

Dude, you are a genius. Thank you. I am revising for an exam on Friday on agricultural trade and ding ding ding, your video is perfect!

[@sayaleet3527]

Thank you Mr. Clifford! You are awesome! May the force be with you!

[@DantragBaenre44]

Holy crap this video was amazing

[@kelvinmalizanitauzeni7567]

you are a genius sir...i used to have a negative attitude towards economics but now i cant even spend a day without reading it...wooow you are a star

[@InstTaxSolutionsLLC]

Mr. Clifford does an excellent job of showing how tariffs and quotas fit on the supply and Demand graph.

[@onapowell]

I love all of these econ videos, I just wanna say that this guy is my favorite thing about econ

[@extremeFortnite124]

Just saved me another few hours with this great 7min video. Strong is the force in this one....

[@noomla]

Why would anyone click the thumbs down on any of his videos? As always, great job Mr. Clifford.

[@alessandropalamara5452]

Mr.Clifford is the man

[@christiaankruger5299]

You have helped me understand this graph which I've repeatedly watched before. Thanks u

[@Unknown-qc5nk]

I'm going to write my 2nd semester test this afternoon and I must say that I'm convinced to get above 80percent...... thanks for your cool videos.... they help me a lot

[@kalpavriksha3577]

Thanks Mr.Clifford for these wonderful lessons.

[@isadoradarwich7881]

OMG thank you for that simple and yet complete explanation !

[@rojo_buffalo]

I've watched so many of your videos trying to survive my Macro Economics class, thanks for making them enjoyable. :)

[@jscottgp2011]

Holy crap! Been watching your videos for the past 2 semesters, already liked em and then...you come out in a Georgia shirt! Best instructor ever!

[@TheBigZoyZoyMr.Schwifty]

"you will buy the study guides" lol

[@HighSchoolFootball54]

These are the best videos ever, thanks Mr. Clifford

[@abcdefg4455]

Thank you very much! This video contains amazing graph explanations!

[@mon0bon089]

this teacher is a genius

[@iDirectionerPotterx]

Amazing!!!! I will tell all my friends who take economics to watch your videos!!!!!!

[@inferno0020]

thank you very much, Mr. Clifford. I hope that I can be as eloquent as you.

[@alexpounds9214]

I cant believe Mr Clifford is a dawg. I have more respect for this man than i do my own father

[@anikspunk92]

You are simply awesome...❤️❤️

[@Prasy2006]

Thank you Mr.Clifford. Your videos are really amazing and are very helpful in quickly understanding the concepts. Of course the way explain make it even more interesting and fun to watch. I am looking for the relationship between Tariff and large country versus tariff & small country. Can you please help me with this?

[@1992mytube]

these are the the explanations i am looking for

[@jessylsm4950]

Omg , thank you so much ! I’m dying from studying economics. This video helped a lot

[@shawnchi]

I never thought I'd live to see the day I get taught econ by a jedi

[@shahed2643]

U r real boss man... respect ♥️♥️♥️♥️

[@junita7]

Hahahaha! I've been thinking the same thing; almost 900 bucks to listen to my prof and still not understand! Thanks Mr. Clifford and KZbin

[@asangelasme1]

Very good video and very enthusiastic. Thanks man :-)

[@lukazeljkovic158]

Thank you so so so much !

[@chriswyse3345]

Great video. Makes me wonder how the US (or any country) would be different if EVERYONE watched all of your Micro and Macro videos.

[@hummassohail7020]

You just changed the World price from 20 to 25 after becoming a Jedi, I guess the force was strong :-) Perhaps you can add a correction pop-up so that your videos remain the best and clear

[@mrsockish]

Got a unit test on international economics tomorrow! Thanks for your help!! :D

[@JiveTurkeyAndMe]

Thank you!!!!

[@Londongirl2000]

Such a helpful video!

[@mattspyro]

Awesome!

[@kimrand3625]

Thanks for getting me through Micro!!!

[@cedriclouwette7720]

really helpfull, keep on making those video's!

[@crabbhassplineters]

You're brilliant

[@dnwls2]

thank you so very much mucho

[@ethanlevine7359]

great video

[@toastVmusic]

you are awesome!!

[@senya1696]

Cool costume! 🙂

[@pudgypoultry]

I learned more in 7 minutes from a freaking jedi than I learned in an hour and a half of my lecture today.

[@michaelhakata6736]

amazing video you know your stuff.......and you so funny lol i wish all my teachers were like you haha

[@brandonbracaglia7081]

Awesome video, jedi suit was badasss, if u make more ill watch more

[@theon096]

fuck....wish u were my professor. I've understood and followed along more with this video, than I have since this semester started in January. good shit

[@scarface910]

+Antonne Watson Agreed, a concept taught in a 3 hour lecture was taught in 6 minutes or 3 minutes or 1m 30 seconds by Mr Clifford. Incredibly quick, to the point, and grade saving!

[@justinkloehn]

Can you explain why the Pw changes from 20 to 25 after you come back from letting us do it on our own?

[@MsWillyt87]

Pretty good video. Ull be a great teachr

[@2ndintelligentWorld]

wait the small triangles are DWL

[@drumshero03]

Hey Mr. Clifford, I have a doubt. In the 3rd question (1:44) shouldn't we have taken into account the dead weight loss? Because ate PW they will only produce 50 and not 120 (I learnt this from your previous video in the playlist "Micro 2.7"). Thank you very much

[@neekmeekk]

I don't think you need to subtract anything because although the domestic producers will only produce 50, the foreign producers will supply the other 70 now that there is trade.

[@drumshero03]

Thank you neekmeekk !

[@oneinabillion654]

Teacher, could u do a full video on protectionism along with expenditure switching and dampening policies?

[@zebra7467]

saved me thank you

[@tamaraharutyunyan3355]

you rock

[@itsdannyftw]

You said when we have international trade, this benefits consumers but hurts producers? This is only the case if the world price is lower than the domestic price though right? Otherwise it would be the other way around.

[@jengy12]

+itsdannyftw Good point I do think that's the case too, because it would make sense that producers would benefit from international trade if their domestic/ local prices are lower than that of the world price, since consumers tend to have rational consumption, hence purchasing the goods that are cheapest, resulting in higher producer revenue... however, I'm not 100% sure so best if you check with others too :)

[@Thejointpro]

One more thing I think you forgot Dwl/societal loss!

[@Mhawkins4]

GO DAWGS! I'll be attending UGA because I'll be getting an A in micro. So this is really just fate.

[@syeedmohammeduzzalhossain5452]

Mr. Clifford is the one true Zedi.

[@jxzn9144]

so a price ceiling creates deadweight loss because we can not produce at equilibrium - but importing extends consumer surplus down to the new trade price.. can someone explain the difference?

[@michellekidess4265]

You just changed the World price from 20 to 25 after becoming a Jedi, Perhaps you can add a correction pop-up so that your videos remain the best and clear

[@a910]

Why does producer surplus increase when a tariff is imposed? Tariffs don't go to the producer they are taxes that go to the government?

[@JacobAClifford]

+Alex Hooker Alex, Yes. That is right. The tariff revenue goes to the government, but the increase in price leads domestic producer to produce more. Think about who supports tariffs. It is domestic producers. they want foreign goods to have a higher price so they can get more business. Does that make sense?

[@a910]

+ACDCLeadership Super quick response! thanks, so what you're saying is when foreign producers sell at $30 national producers do the same because there is no benefit in selling at $25?

[@MasseysGamingInc]

+Alex Hooker That's right.

[@shadowpenguin93]

"You will buy the study packets..." 😂😂😂

[@Friendznco]

You forgot the deadweight loss! but still a great video!

[@uuestley]

The econ wasn't quite with you.. you missed the bit about tariffs causing deadweight welfare loss and an overall decrease in welfare?

[@bonclay7763]

yeah that's what i was trying to think of.. any ideas how to show it on a graph?

[@Ascisana]

Should be the little triangles left and right from the tariff revenue Area. The left Area represents the inefficient level of production, caused by companies that would not have produced under market conditions. The Area to the right represents the inefficient level of consumption, caused by consumers that would have consumed under market conditions. (dead weight loss) I hope I am right, but you probably do not need the information anyways 4 months later xD Great Video btw liked it a lot master

[@mercy6831]

He has another video focusing entirely on that

[@Fr0zenbanana]

is he from crash course?

[@ShreyMittal16]

FrozenBana na yes

[@Kenny-hr5wl]

Not only does international trade hurt producers, but domestic jobs as well. Remember that next time you buy cheap foreign imports.

[@zahraahamza1677]

Hello this was a bit too fast and can you please explain it slower! THANK YOU!

[@bobruperts726]

slow the video down to 0.75x duh

[@marthamasinja2195]

even better

[@drizzzy1988]

because theres not hot girls and other things to distract you. Also, you can sit down and learn it when you actualy want to as opposed to 8 in the morning when your class is

[@emptylanternmedia2248]

Not all heroes wear capes but sometimes they dress up as a Jedi and teach economics

[@adrianrandall1701]

You didnt put where the equilibrium is

[@Frank-qs5tb]

He knows economics-I'm sure but it is a little too gimicky and fast for me like some previous comments. Not sure economics should be taught this way on vid. Thanks

[@rithvikvakacharla3329]

There's Dead Weight Loss right...

[@CarterMermer]

those triangles next to the import are dwl

[@Soumyayoutube]

👍☺️

[@thehastingswhite]

this is non-sense, you have anakin's light saber with the obi-wan outfit, how can i trust what you say?

[@maxwell-2331]

Wearing a UGA polo while I'm studying for my micro test at uga lol

[@ML-ek5ur]

Uhm... this video was only on tariffs, and not on quotas :(

[@anonymousdevildog1406]

This guy needs to slow down... on to the next vid.

[@Thetabringer]

1775 dude, their is alot of you and you all need to learn to fkng rewind vids; his personality makes him _fast_ and that's irrelevant because it's a recording.

[@jamesjerz8197]

Hello there

[@2naruto1]

that was usefully

[@nikiwiakel]

Anyone wonder why we learn more on youtube than in leture??

[@axelahlstrom5725]

Haha you noticed nothing :))

[@pluiedemiel]

someone wants it for 70 dollar they pay 50 someone wants it for 60 dollars they pay 50 hahahahaha brilliant

[@Thejointpro]

I love your vids and effort you put into them, but the costumes are too much in my opinion. I guess its irrelevant tho cause your videos rock! Thanks

[@HersheyAquino-ph]

too fast. :(

[@kathyyrosario145]

You should change the speed on settings to .5 and subtitles to auto- generated. It's a bit funny but it helped a lot lol

[@shadowpenguin93]

You guys suck at education simply pause the video, rewind, think about what was said, and press play. He's going at the right speed

[@J.A000]

@@kathyyrosario145 Change it to x0.7

[@12310936]

bahahahahahaha YOU WILL BUY THE STUDY GUIDES

[@VictorEremita43]

Im sorry

[@beastsidd952]

Handsome

[@ritambharar1870]

sir pls slow to explain

[@iDirectionerPotterx]

Amazing!!!! I will tell all my friends who take economics to watch your videos!!!!!!

[@skinnyggokini]

Thank you so much!!!!