O.Spenc
O.Spenc
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Positive and normative statements - why so important?
This video goes from the basics of explaining what positive and normative statements are, to showing how they can be applied to both multiple choice questions and long essay answers.
You need to be aware of how these basic tools can be applied to every part of your economics exams, and this video hopefully explains that in detail!
Переглядів: 6 995

Відео

HOW TO draw a monopoly making supernormal profits!
Переглядів 16 тис.7 років тому
This is a quick video on how to draw a monopoly market structure when the monopoly firm is making supernormal profits, great for exam questions on competition vs no competition. Suitable for A-level and IB students as an accurate graph for exams
Market equilibrium change from Factors of Production cost changes
Переглядів 2307 років тому
This is an AS or Year 12 IB video explaining how the market equilibrium will change after a rise in costs of factors of production (and how it will change after a fall in the cost of factors of production) This is crucial for your essential knowledge and clearly explains the basics of why the market equilibrium will change after changes in the costs of factors of production. Thanks for use of t...
Market equilibrium change from subsidies
Переглядів 2347 років тому
This is an AS or Year 12 IB video explaining how the market equilibrium will change after a rise in subsidies (and how it will change after a fall in subsidies) This is crucial for your essential knowledge and clearly explains the basics of why the market equilibrium will change after a subsidy change. Thanks for use of track: Hip Hop Rap Instrumental (Crying Over You) by Chris Morrow 4 soundcl...
HOW TO draw a natural monopoly graph!
Переглядів 7 тис.7 років тому
This is a quick video on how to draw a natural monopoly, great for evaluating monopoly market structures and perfect for exams! Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw perfect competition in the long run after making supernormal profits
Переглядів 3667 років тому
This is a quick video on how to draw a perfectly competitive firm in the long run after it has been making supernormal profits in the short run. Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw positive externalities in production
Переглядів 2,4 тис.7 років тому
This is a quick video on how to draw positive externalities in production - this covers welfare loss, externalities and precisely how the graph should be drawn! Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw subsidising positive production externalities
Переглядів 4727 років тому
This is a quick video on how to draw subsidising positive externalities in production - this covers the change in welfare loss, who gains what, government spending and overall effects! Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw taxing negative production externalities
Переглядів 9337 років тому
This is a quick video on how to draw taxing negative externalities in production - this covers the change in welfare loss, who pays what, government revenue and overall effects! Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw positive externalities in consumption
Переглядів 3,3 тис.7 років тому
This is a quick video on how to draw positive externalities in consumption - this covers welfare loss, externalities and precisely how the graph should be drawn! Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw negative externalities in production
Переглядів 6 тис.7 років тому
This is a quick video on how to draw negative externalities in production - this covers welfare loss, externalities and precisely how the graph should be drawn! Suitable for A-level and IB students as accurate graphs for exams
HOW TO draw negative externalities in consumption
Переглядів 4,5 тис.7 років тому
This is a quick video on how to draw negative externalities in consumption - this covers welfare loss, externalities and precisely how the graph should be drawn! Suitable for A-level and IB students as accurate graphs for exams
Non price determinants of demand (shifts in demand curve)
Переглядів 6 тис.7 років тому
This is a video stating and explaining the main non price determinants of demand. We first look at all the non price determinants (or factors) that can shift the demand curve and then have a detailed look into how each determinant works in practice. Thanks for use of track: Hip Hop Rap Instrumental (Crying Over You) by Chris Morrow 4 soundcloud.com/chris-morrow-3 Creative Commons - Attribution ...
Non price determinants of supply (shifts in supply curve)
Переглядів 5 тис.7 років тому
This is a video stating and explaining the main non price determinants of supply. We first look at all the non price determinants (or factors) that can shift the supply curve and then have a detailed look into how each determinant works in practice. Thanks for use of track: Hip Hop Rap Instrumental (Crying Over You) by Chris Morrow 4 soundcloud.com/chris-morrow-3 Creative Commons - Attribution ...
Extension consumer and producer surplus after price rise
Переглядів 7147 років тому
This is an extension video looking further into consumer and producer surplus, and what happens if producers charge a price above the free market equilibrium. Thanks for use of track: Hip Hop Rap Instrumental (Crying Over You) by Chris Morrow 4 soundcloud.com/chris-morrow-3 Creative Commons - Attribution 3.0 Unported- CC BY 3.0 creativecommons.org/licenses/b...
Consumer and producer surplus - the basics you need to know!
Переглядів 1057 років тому
Consumer and producer surplus - the basics you need to know!
Explaining the law of demand, income and substitution effect
Переглядів 1,1 тис.8 років тому
Explaining the law of demand, income and substitution effect
Law of diminishing marginal utility, total utility and marginal utility
Переглядів 5668 років тому
Law of diminishing marginal utility, total utility and marginal utility
Veblen goods
Переглядів 11 тис.8 років тому
Veblen goods
Introduction to demand theory
Переглядів 2968 років тому
Introduction to demand theory
Positive Externalities and government intervention (subsidies)
Переглядів 7 тис.8 років тому
Positive Externalities and government intervention (subsidies)
Externalities and government intervention exam evaluation tips
Переглядів 8578 років тому
Externalities and government intervention exam evaluation tips
Unstable commodity markets and buffer stock schemes
Переглядів 5958 років тому
Unstable commodity markets and buffer stock schemes

КОМЕНТАРІ

  • @neptech8214
    @neptech8214 3 місяці тому

    easy simple and best

  • @noel7777noel
    @noel7777noel 3 місяці тому

    The lines are parallel. These parallel lines going up is what we call a market bubble. The veblen goods supply and demand is racketeering. The parallel lines going up are quite stable. Not really a bubble to pop. As the lines go up on the right side of the racketeering parallel lines. The more the investors have profits available to make - equals to what they have to buy their own products. Let me repeat. Parallel lines are stable. A stable racketeering equation. Veblen goods investors are the only ones who can afford veblen goods prices. In racketeering. Normal supply and demand math doesn't have stockholders in the math. These lines are not parallel. So everyone can afford to participate. And not limited to only stockholders in the shopping market. Stockholders are the only people who can afford shopping in the veblen goods market. Normal supply and demand math has an equilibrium, this is also very stable. If the lines meet in the middle of a big X on the math chart, this is not racketeering. This is a stable equilibrium equation.

  • @HowToDesign-x6p
    @HowToDesign-x6p 6 місяців тому

    THANK YOU Sir❤❤

  • @JUSTINMBEWE
    @JUSTINMBEWE 9 місяців тому

    Adolo inuyo♥️👍

  • @Lochki
    @Lochki Рік тому

    Thank you i have an exam in a week and this helped me to understand it!

  • @Jazztenieee
    @Jazztenieee Рік тому

    I understand this one better tho..... thanks

  • @janryirishuntalan875
    @janryirishuntalan875 Рік тому

    You nailed it! 🎉😊

  • @janryirishuntalan875
    @janryirishuntalan875 Рік тому

    Great! Thank you so much!

  • @fosteradjei-w9w
    @fosteradjei-w9w Рік тому

    Effects of taxes on market equilibrium

  • @willjackson6522
    @willjackson6522 Рік тому

    Can this happen the other way around somehow? As in the price decreases, the consumer surplus increases and producer surplus falls.

  • @k03dz0n3
    @k03dz0n3 Рік тому

    Perfectly explained. Thanks.

  • @nguyenphamphuonganh1605
    @nguyenphamphuonganh1605 Рік тому

    OMG I'm doing a essay about advantage of monopoly and you save my life, thank you so much ^^

  • @soronchandra4600
    @soronchandra4600 2 роки тому

    Very very important and helpful class...Thank you

  • @mariamadambell2831
    @mariamadambell2831 2 роки тому

    Thank you

  • @josephmasterson2070
    @josephmasterson2070 2 роки тому

    This was very helpful, thank you!

  • @a.u.i.sdivanjana427
    @a.u.i.sdivanjana427 2 роки тому

    Thanks!!! Please keep it up.

  • @MUGIJO
    @MUGIJO 2 роки тому

    Thank you For this Video

  • @NishaSingh-ru9hp
    @NishaSingh-ru9hp 2 роки тому

    Thanks 👍

  • @macaroni6600
    @macaroni6600 2 роки тому

    THANK YOU dude nobody showed how to draw them

  • @cho8clit
    @cho8clit 2 роки тому

    DONT B SUCH A NEGATIV NANCY

  • @Anonymous13766
    @Anonymous13766 2 роки тому

    Sir what is dead weight welfare loss meaning?

    • @OSpenc
      @OSpenc 2 роки тому

      The loss of social surplus as when you produce/consume at free market quantity MSC>MSB

  • @Anonymous13766
    @Anonymous13766 2 роки тому

    Hi sir can you tell me what is dead weight welfare loss?

  • @tiktoksdaily9637
    @tiktoksdaily9637 2 роки тому

    Thank you very much.....very understandable...

  • @cho8clit
    @cho8clit 2 роки тому

    POGGERS AND THANKS FOR UR HALPFUL VIDEOS

  • @amishasharma5898
    @amishasharma5898 2 роки тому

    HELPFUL! TYSM! :)

  • @femiway4369
    @femiway4369 3 роки тому

    Sir all countries economics syllabus are same

  • @bhagwandas1225
    @bhagwandas1225 3 роки тому

    Super , thanku

  • @andreavocino
    @andreavocino 3 роки тому

    Graph 1 vs 2 make different assumptions about the distribution of the relationship. Graph 1 states that the relationship is linear whilst graph 2 states that is curvilinear and the relationship reaches at some point a threshold which, in my opinion, better represents the nature of the phenomenon under consideration.

  • @darshabuddhimali9668
    @darshabuddhimali9668 3 роки тому

    nicely explained. Please do more videos.

  • @bhadranandannarayanan5577
    @bhadranandannarayanan5577 3 роки тому

    Very good.

  • @cho8clit
    @cho8clit 3 роки тому

    thanks you mr burton owen can you covering what you think is best starter poketmon for Poketmon Sword & Shield is?

  • @cho8clit
    @cho8clit 3 роки тому

    Hi Mr Burton. I like you're dog but to many people have shifted to the left in this day and ayge

  • @cho8clit
    @cho8clit 3 роки тому

    monopoly is poopoo peepee i never get the train stations

  • @cho8clit
    @cho8clit 3 роки тому

    PogChamp

  • @cho8clit
    @cho8clit 3 роки тому

    PepegaClap

    • @tbytwd
      @tbytwd 9 місяців тому

      remember.

  • @johnsonalo6276
    @johnsonalo6276 3 роки тому

    Better explained than any other videos I’ve seen!

  • @ayesharubab5284
    @ayesharubab5284 3 роки тому

    Really helpful and explanatory

  • @luciav8595
    @luciav8595 3 роки тому

    Hello fellow IB students. good luck, i believe in you

  • @usmanrajpoot4309
    @usmanrajpoot4309 3 роки тому

    Tnx sir!

  • @iam_kian
    @iam_kian 3 роки тому

    Thank you for the explanation.It was helpful. I was trying to understand natural monopoly concept in regards to infrastructure supply

  • @mishamir9530
    @mishamir9530 4 роки тому

    This is the only video that made me understand how to graph this. Thank you!

  • @shouryamitra8858
    @shouryamitra8858 4 роки тому

    Mad useful.

  • @asmawaheed6928
    @asmawaheed6928 4 роки тому

    Thanku

  • @bummymanp
    @bummymanp 4 роки тому

    absolute legend, thank you!

  • @sanjanamore8524
    @sanjanamore8524 4 роки тому

    Thnk u I got the concept 👍

  • @rahyminm.rafique8121
    @rahyminm.rafique8121 4 роки тому

    Is k bary m comp btye

  • @user-gv5mr7gr1n
    @user-gv5mr7gr1n 4 роки тому

    You're great, thank you so much!

  • @andylu8839
    @andylu8839 4 роки тому

    Thank you so so so so much, I was giving up until I saw this video. It really helps me a lot.

  • @nishas6110
    @nishas6110 4 роки тому

    Awesome

  • @producahjay4272
    @producahjay4272 4 роки тому

    Thank you