you're honestly the best. i don't know what you do with your words, but you make it so much easier to understand. economics is a tough subjeccttt!! gracias for your help :)
Consumer surplus is easy to grasp. I have struggled to get my head around producer so much so that this video is embarassing on how easy you explained it. THANKS so much.
THANK YOUUUUU for explaining in the simplest words on Earth. ( Def of my textbook "PS is the excess money receipts of a producer over his minimum supply price" )
Your explanation is simple to the point and easy to understand! Something my CFA Cirriculum textbook fails to do. Thanks so much! I plan to check out some of the other videos.
@pajholden I think its the fact that you bounce around on my screen -- you look so active and makes me concentrate. The fact that your chalk makes a loud noise also keeps me awake and excited. Sounds stupid. But you're the man! keep it up
You explained this really well for my learning style, I appreciate your help!! I am about to take an exam, so I'm trying my best to grasp these simple concepts and mark them on the graph. Thank you!
at 2.27 you mention a fourth side on the area when the supply curve cuts the q-axis, but that would mean suppliers give away their products for no fee at all ! I only know of some guy somewhere in Greece giving free lessons in some blurry subject, but other than that....
@saisaiphu that's quite easy, its a triangle so height * width * 0,5 Ofcourse you need the formulas of the curves to calculate everything but its not very difficult
Hi Thanks for Posting, i am in the business of buying large QTY's of surplus from OEM's and Mfrs so I found this interesting and helpful. I wonder if there if there is a formula for this. There are 3 Key decisions that Mfrs make when selling their surplus What return against cost will they get How quick can they sell What channel conflict will arise from sales of discounted products. Can a formula be created to show this ? Thanks
Total consumer and producer surplus would just be adding the area of the producer surplus triangle and the consumer surplus triangle...if that is what you are trying to find out. Therefore, to ONLY work out total producer surplus, you would simply calculate the area of the producer surplus triangle ONLY and that's your answer :)
Marilyn h If a producer is willing to supply jelly beans at 1.50 per packet but the consumer pays 2.00 for the jelly beans, the producer has a producer surplus of 0.50 yes. The reason the consumer pays the 2.00 is because that is the market price
you're honestly the best. i don't know what you do with your words, but you make it so much easier to understand. economics is a tough subjeccttt!! gracias for your help :)
Consumer surplus is easy to grasp. I have struggled to get my head around producer so much so that this video is embarassing on how easy you explained it. THANKS so much.
THANK YOUUUUU for explaining in the simplest words on Earth. ( Def of my textbook "PS is the excess money receipts of a producer over his minimum supply price" )
Your explanation is simple to the point and easy to understand! Something my CFA Cirriculum textbook fails to do. Thanks so much! I plan to check out some of the other videos.
So i sit through a lecture in my econ class, do not get much from it. I come home and learn everything from you!
THANKS!!!!
He dropped his chalk! That was so cute!!!
love it when he drops his thing at 2:38 and he went "argh"
I laughed loud like 3 times. Funny style.... I would fail his class since he would kick me out every time for laughing!
@pajholden I think its the fact that you bounce around on my screen -- you look so active and makes me concentrate. The fact that your chalk makes a loud noise also keeps me awake and excited. Sounds stupid. But you're the man! keep it up
Great as usual..... These videos are making my life easier.
I love how there is a massive demand during may/june and a steep drop in demand during july-august hehe nice vids
Thank you so much Jamaica needs better economic teachers
I struggled with this curve, and really this video explained it very well, thanks a lot Prof.
Yeah - I usually flip people's brains into sleep mode. Thanks for your kind words and I am glad the vids are useful.
You're fantastic! You're even better than the notes!
Keep on doing these VIDEOS!
Thanks so much! I was swimming in a pond of muddy water but it all became clear listening to you :D
this is such an invaluable resource, thank you very much.
The chalkboard remains the most effective method of teaching.
You go yo
You did what my teacher couldn't, and for that i thank you.
God bless you!
Thank you! You're such a great teacher.
You explained this really well for my learning style, I appreciate your help!! I am about to take an exam, so I'm trying my best to grasp these simple concepts and mark them on the graph. Thank you!
Last minute revision - THANK YOU!
Honest, if I pass this exam it is down to you
I LOL'd at 3:53
But yh you are a life saver :)
at 2.27 you mention a fourth side on the area when the supply curve cuts the q-axis, but that would mean suppliers give away their products for no fee at all ! I only know of some guy somewhere in Greece giving free lessons in some blurry subject, but other than that....
Equally as informative as your consumer surplus video! Cheers!
THANK YOU SO MUCH FOR THIS VIDEO!!!
Thank you very much for the lecture. 100% effective.
@saisaiphu that's quite easy, its a triangle so height * width * 0,5
Ofcourse you need the formulas of the curves to calculate everything but its not very difficult
doing my edexcel u:1 retake in 2weeks. wish me luck. and your helping so much, thank you very much SIR.
BRILLIANT, thanks for the help
nice ... very well explained
always funny in the end
Hi Thanks for Posting, i am in the business of buying large QTY's of surplus from OEM's and Mfrs so I found this interesting and helpful.
I wonder if there if there is a formula for this.
There are 3 Key decisions that Mfrs make when selling their surplus
What return against cost will they get
How quick can they sell
What channel conflict will arise from sales of discounted products.
Can a formula be created to show this ?
Thanks
You are really really helpful!!!!!!!!!!!!!!!!
Made so much sence
Amazing!!!!
thanks so much, my exam is in 9 days and i finally get producer surplus :D
talented teacher.
wish i found my calling in life too...
hope its economics!
thank you soooooo much! You have saved me hours of reading
what about the dead weight losses?
thank you very much! the video was very informative!
The Greek God of Economics...
thank you so much you're a really awesome teacher
very great helpful video!
thank you so much!! you're amazing
thank you so much i now have a better understanding
awesome!
beautiful
@pajholden Greece, eh? well, isn't that ironic? Anyhoo, thank you much for your videos. you don't know how many students your have helped, sir.
I understand PS now. Thanks!
So a product costs $0.75 to produce and the market price of this product is $2.50. Could you say the profit is $1.75?
no
hz3d19
elaborate, you FIEND.
nice explanation
thanks!
like the smile at the end :)
Thanks!
Thank you!!
thank you! suuuuuper useful :)
What about total surplus?
Total consumer and producer surplus would just be adding the area of the producer surplus triangle and the consumer surplus triangle...if that is what you are trying to find out. Therefore, to ONLY work out total producer surplus, you would simply calculate the area of the producer surplus triangle ONLY and that's your answer :)
thank you!!!!!!
you are a greek god
Very helpful
@pajholden this just helped me understand my econ hw! thanks
gangsterr
I teach in Athens, Greece
TQ VERY MUCH!!
Supplier a sells jelly beans at 1.50 per pkt. Market price is 2.00. Producer surplus 0.50? Still very confused
Marilyn h If a producer is willing to supply jelly beans at 1.50 per packet but the consumer pays 2.00 for the jelly beans, the producer has a producer surplus of 0.50 yes. The reason the consumer pays the 2.00 is because that is the market price
hello Greece economy saver :)
他看起來有點像流氓 。哈哈哈，是教授嗎？哈哈哈
te quiero phil
Who finds economics easy thanks tooo pajholden! :D
@pajholden what an irony .. :)
jheze snm
baaaaaaaaaaaaaaad