YOu are a fantastic teacher..i swear i have never learnt so much about economics in such a brief time. You use such easy terms and you use effective pauses in your speech which is FUNDAMENTAL! Thanks Keep them coming!!
I'm a student in Vietnam. I'm studying Business Aministration course. Microeconomics is a subject that I must get a pass in. It's really helpful. I like your videos. Thank you so much. Keep it going on.....
Every week after we talked about something new in our Eco class I wath one of your vids about the topic, and I totally undestand everything in 7 minutes! thank u
Thanks so much for your help with understanding YED. I have sat in class thinking this was complex however after watching your video it's cleary not. Fantastic work - keep up the good work...
the more clearness a "normal" teacher would like to achieve, the more time he would need. but since you reach more clearness in less time, that make you an "inferior" or special teacher :) you have helped so many people, including me... god bless you! :) keep going, well done :)
Brilliant instruction, sir! My microeconomics professor uses your videos pretty heavily, and I have to say I've probably come away with more "ah hah" moments thanks to you than I have from my own professor.
great explanations! my economics term exam is tomorrow and i've been struggling all week to understand a pile of notes about all the different elasticites of demand and supply. your videos completely unravelled these seemingly difficult concepts, and made them easy to understand. fantastic job! x greetings from singapore x
thanks with your help and explaination u gave.. i really appreciate it. thanks.. it really does help me to understand more clearly.. and i can remember more easily.. thanks you very much.. keep going produce more videos..
Thank you, sir, for your concise delivery on this particular topic. I learnt and understood more about this in your seven minute video than 9 weeks of my microeconomics lectures.
Thank you, sir!! These videos really help me lock in and understand these tricky micro-ec concepts! Excellent work every time! Btw, I love steak too :)
Big fan of your work here to all of us Econ students. Just one question:Income Elasticity of Demand does not change if it is an change of income due to inflation to keep up the consuming, correct? And even if your income goes up(no inflation) but you feel that you don't need to spend all your money on steaks, say your fine with the quantity of steaks you eat before the change of income, won't that affect the elasticity of demand?Doesn't that pretty much say it's not a secure measurement of YED?
thankyou so much. i love all you're videos, it's so easy to understand! i'm so glad! I love econ because of you, you're an excellent teacher. I was wondering if it was possible for you to put up a video on market failure please, it's quite difficult to understand.
Thank you so much! Just one question, I saw a similar khan academy video (own price elasticity of demand), he used average price and quantity when calculating the elasticity, while I noticed you used the starting/original income or quantity... I seemed to have work out two different elasticity figures when the two ways of calculating. Could you shed some light on this please?
@RIPHG I knew it was a compliment and I am very flattered and really pleased that my vids have helped you understand and enjoy Economics. Best wishes from Athens, Phil Holden
For another video could you possibly show us how to graph/draw the supply & demand curves aftter figuring out the elasticity of a good? Also, thanks for the video. You teach the idea simpler than my university professor. =)
Question: Income-elasticity for a good is 0.6, and there was a 5% increase in real income, so there is a 3% increase for the demand of the good. With all variables held constant, does this mean that the demand curve shifts 3% to the right?
This is brilliant!! Thank you I've got an economics ICT on Friday and hadn't a clue what my tutor has been banging on about for the past two weeks - I got it in 7 minutes:)
I do. I teach 3-4 hours a day in Athens, Greece but more and more I am tutoring via Skype to people around the world. It's the future (so I am told...)
Would be great if you could do some examples for price-income-crossprice %changes.. I have a professor that is mostly using that type and its left me slightly confused with how hes reaching some conclusions
Thanks sir it's helpful but i wanna to get more examples how to find or how to calculate relevant elasticities ?.. thanks please reply soon with in10 hours i'll have an exam on this course..
I love how you say thanks at the end, instead or you're welcome! You are an amazing teacher!
I have economics mock exams tomorrow and this has helped me more than my teacher has in the past year.
Great work, great initiative. You did more for me in 10 minutes than Pindyck and Rubinfeld did in a whole semester! Thanks!
after watching your video for 5 mins i understood a concept i couldn't get after 2 hours in a classroom, thanks!
Someone give this man a medal! I've learned more watching your videos than during a nine-week module in a London university. Thank you!
Just spent a year at school not understanding this and you just taught me in 7 minutes. Brilliant
YOu are a fantastic teacher..i swear i have never learnt so much about economics in such a brief time. You use such easy terms and you use effective pauses in your speech which is FUNDAMENTAL! Thanks Keep them coming!!
You are an excellent teacher. Simple and slow, easy to follow! thank you and keep up the good work!
I'm a student in Vietnam. I'm studying Business Aministration course. Microeconomics is a subject that I must get a pass in. It's really helpful. I like your videos. Thank you so much. Keep it going on.....
You make it so easy to understand everything and I can see that you love ur job. Thank you!
you are a gifted teacher, that`s your mission in this world! may god bless you!
Thanks so much for your help. I have sat in class thinking this was complex however after viewing your vid it's clearly not.
Great work don't stop!!
Very very helpful video. A lot more makes sense now after watching this video. Please keep posting and doing this amazing work. Thank you.
Every week after we talked about something new in our Eco class I wath one of your vids about the topic, and I totally undestand everything in 7 minutes!
thank u
This video included all I needed to know about the IED in the test. Thank you so much, mister.
Thanks so much for your help with understanding YED. I have sat in class thinking this was complex however after watching your video it's cleary not.
Fantastic work - keep up the good work...
the more clearness a "normal" teacher would like to achieve, the more time he would need.
but since you reach more clearness in less time, that make you an "inferior" or special teacher :)
you have helped so many people, including me... god bless you! :)
keep going, well done :)
Thanks very much for all your videos, it's much better than reading a book. So this is helping me with learning all Mankiw says!
Brilliant instruction, sir! My microeconomics professor uses your videos pretty heavily, and I have to say I've probably come away with more "ah hah" moments thanks to you than I have from my own professor.
Thank you so much Mr., Sir, King of Economics...
I have shared your videos with, basically my whole grade! I bet all of us will pass our IB exams in 2013!!! Thanks for the efforts! -
Thank you! You make this concept so much easier to grasp than my economics prof. at my business school!
great explanations! my economics term exam is tomorrow and i've been struggling all week to understand a pile of notes about all the different elasticites of demand and supply. your videos completely unravelled these seemingly difficult concepts, and made them easy to understand. fantastic job!
x greetings from singapore x
I am telling you, I understand you more than I understand my economics lecturer... this is really helpful. Thank you!!!
thanks with your help and explaination u gave.. i really appreciate it. thanks.. it really does help me to understand more clearly.. and i can remember more easily..
thanks you very much..
keep going produce more videos..
You are an excellent teacher.
Hi. Today i`m having my microeconomics exam and your explanation is GREAT!
Thanks!
you explained the topic clearly in 7 mins and in contrast my teacher spent 2 hours to explain!! thank you so mucchhhhh :DDDDD
THIS EQUATION IS SO MUCH SIMPLE THANK YOU
Keep on rocking in the free world! Easy to understand math teach is as rare as diamonds
Great videos - they have really helped me understand the fundamentals better. Thanks!
Yes I like the video, i found it very useful, Thank you, I would like you to upload more videos coz you can explain very precisely...
Thank you, sir, for your concise delivery on this particular topic. I learnt and understood more about this in your seven minute video than 9 weeks of my microeconomics lectures.
Sir... i must thank you. i have an exam in 2 hours... and you taught almost every thing i need to know! THANK YOU SIR!
I don't really like anything that has to do with mathematics, but you just made this seem so simple. keep up the good work.
Excellent explanation! Thank you for making it so simple and clear.
I really appreciate for your effort uploading those useful videos.
Thank you, sir!! These videos really help me lock in and understand these tricky micro-ec concepts! Excellent work every time!
Btw, I love steak too :)
You are the best...Kudos to the job you do.
great video! thanks a ton! u elucidated the income elasticity of demand very well!
It's so cool...I just left 2 days untill my exam...God bless you man ;)
Thank You soo Much.
Your a great teacher.
Explain things so clearly.
Great video, perfectly understandable...
Thank you so much!! Easily understood the concept of income elasticity of demand
thank you so much!! i'll be using this video of yours for my presentation on the topic.. :)
this has been an epic session with you sir, you're quite simplifying everything which obviously makes us more interested . thank u very much sir
Big fan of your work here to all of us Econ students. Just one question:Income Elasticity of Demand does not change if it is an change of income due to inflation to keep up the consuming, correct? And even if your income goes up(no inflation) but you feel that you don't need to spend all your money on steaks, say your fine with the quantity of steaks you eat before the change of income, won't that affect the elasticity of demand?Doesn't that pretty much say it's not a secure measurement of YED?
thanks dude, im watching all your micro and macro videos cause i have mocks next weeks, thanks very much :)
you are very kind - best of luck in that exam.
thankyou so much. i love all you're videos, it's so easy to understand! i'm so glad! I love econ because of you, you're an excellent teacher. I was wondering if it was possible for you to put up a video on market failure please, it's quite difficult to understand.
am no fan of economics but your explanation make it simple to understand. thank you so much
You should get OBE.
Greatest Economic teacher.
thank you! very useful for me; I am studying for an economics test and this helped a lot
gr8 videos...helping me learn so much faster
wow......u were really amazing sir
Your a genius! Unlike my Economics teacher I learnt more with watching these videos in a day than what I've learnt with her in a year. THANK YOU
107% on my economics test. thanks for the help.
Saved my life man! Thanks!!
Very good videos. Thanks for doing that.
Thank you so much! Just one question, I saw a similar khan academy video (own price elasticity of demand), he used average price and quantity when calculating the elasticity, while I noticed you used the starting/original income or quantity... I seemed to have work out two different elasticity figures when the two ways of calculating. Could you shed some light on this please?
love it, this is the perfect supplement to my lectures ))
@RIPHG I knew it was a compliment and I am very flattered and really pleased that my vids have helped you understand and enjoy Economics. Best wishes from Athens, Phil Holden
For another video could you possibly show us how to graph/draw the supply & demand curves aftter figuring out the elasticity of a good?
Also, thanks for the video. You teach the idea simpler than my university professor. =)
ahaahahah bro you are a funny guy on top of being a brilliant teacher. Keep up the good work :D
What a wonderful explanation..THANK YOU
Thank you so much! I finally understand!!! Life saving video
I love how you teach. .
I've been watching your videos since I was in year 11 in 2009. It's now 2013, and in my final year of uni and you're still a life saver!!!
you are a great teacher!
THE BEST EXPLANATION.... THANK YOU!
Way better than my useless economics teacher!
Thank you :)
Thank you but what about Luxury/ostentatious goods? are they positive and income inelastic?
Thanks a lot for the help!, i just have 1 question: Why do you use a `Y` as symbol for `Income` and not an `I` ?
dude u awesome man..thnks...kip rockin wid ur vids..bless ya
You're like the "da great teacher".
You did it in minutes what my teacher couldn't do by 2/3 lectures lasting for about an hour.
Perfecly explained ! Thanks a lot
thank you so much for this.......you (will hopefully) help me pass my a levels..
Btw you look really like my dad :D xx
🙌🙌exactly what I wanted.. thank you!
Thank you very much, I really enjoyed this lesson.
much appreciated mate - hope u achieve your goal of becoming a teacher..
thanks for the vid sir. could you possibly make a vid of externality graphs please?
Question: Income-elasticity for a good is 0.6, and there was a 5% increase in real income, so there is a 3% increase for the demand of the good. With all variables held constant, does this mean that the demand curve shifts 3% to the right?
very good teacher thanks a bunch I now understand this
wonderful, wonderful video. you make more sense than my teacher does :/
Thanks a ton... great examples quoted
great work.. very helpfull
Great content and video quality
This is brilliant!! Thank you I've got an economics ICT on Friday and hadn't a clue what my tutor has been banging on about for the past two weeks - I got it in 7 minutes:)
May God bless you sir.Malaysia
these videos are very helpful for me , thanks
I do. I teach 3-4 hours a day in Athens, Greece but more and more I am tutoring via Skype to people around the world. It's the future (so I am told...)
Would be great if you could do some examples for price-income-crossprice %changes.. I have a professor that is mostly using that type and its left me slightly confused with how hes reaching some conclusions
Thanks sir it's helpful but i wanna to get more examples how to find or how to calculate relevant elasticities ?..
thanks please reply soon with in10 hours i'll have an exam on this course..
Thanks! What happens with giffen goods?
THANK YOU SO MUCH, YOU SAVED MY LIFE.
Your lectures are perfect
thank u !! u helped me a lot on economics :)
Amazing helping me study for finals
you are a great man. thank you so much.
wish i saw this sooner just about to to do my GCE economic exam tomorrow