This professor is one of the most gifted teachers or lecturers I have never known in my whole school life. Specifically, he is the right instructor for students at the Higher education level (college & university)
I used to hate microeconomics class because it was so complicated and boring, but after watching your video I start to love this subject and enjoy the learning journey. Very inspiring, thank you so much.
I spent an entire day trying to figure out the areas that represent “new entrants” both in terms of CS and PS and I couldn’t get it until I watched this lecture. Thank you Professor.
Great channel for economics students. Understandable and memorable videos. I would like to take a face to face class from such an excellent economics professor. I hope many more students discover this channel and enjoy these videos. Greetings from Turkey...
If you're wondering the hike in your views in these couple of days, let me tell you that we have our exams in our university and you are the best teacher of microeco online
Looked up Jeremy bentham , wish I didn't , especially so late at night right before a test😅. All joke's aside, thank you. I did pretty well on my midterms thanks to you, hoping to do just as well in my endterms
at 21:30 you say that the price gets driven up until there is only one bidder left which is the price P*, but at the value of 800 aren't there still two bidders that are willing to pay that price? I would have thought that B would have stopped at any value greater than 800 but would still bid at 800, I cant quite see where I'm getting mixed up.
Just imagine the price being one bidding increment above $800. Just enough to eliminate the second highest bidder since their maximum is $800. The price would be just slightly higher than 800....I'm calling it 800 for convenience.
One thing that puzzles me is typically we represent independent variable as x axis and dependent variables on the y axis .but somehow in econ we represent price which is independent on the y axis and the demand quantity which is dependent on the x axis. Though it is ok from an understanding standpoint...it has always made me wonder why ..😂
Pls thanks for everything...I really want to know the value of a good is equal..pls is it equal to the price you paid for the good or max you willing to pay minus price you actually pay for it..pls I hope to hear from you real soon😢
The value that you place on something would be the maximum you are willing to pay for it. For example, if you value something at $20, but the market price is $7, then you get $17 of consumer surplus. I hope that helps.
In which chapter did you talk about Utility? Another question.. In which chapter did you talk about Cost, Production, and Consumer Theory? Thank you in advance!
Bidder A would actually pay a little bit more than $800....like $801. However, I just use $800 to make the discussion easier. Just suppose that B is willing to pay $799.
so good when the professor actually rolls up the sleeves and writes, draws, etc. and doesn't rely solely on slides! but I like slides, too
This professor is one of the most gifted teachers or lecturers I have never known in my whole school life.
Specifically, he is the right instructor for students at the Higher education level (college & university)
Thank you! I appreciate the kind words!
Literally the Top G of the microeconomics teachers! Put on 2x, and understood everything.
Thanks!!
I used to hate microeconomics class because it was so complicated and boring, but after watching your video I start to love this subject and enjoy the learning journey. Very inspiring, thank you so much.
I spent an entire day trying to figure out the areas that represent “new entrants” both in terms of CS and PS and I couldn’t get it until I watched this lecture. Thank you Professor.
You're welcome. Glad the videos helped!
The same
Your videos are the only reason I understand microeconomics! Thank you for your help, Professor!! Love from Armenia
Hands down the most efficient and effective teacher and teaching style.
This video is absolutely what I am looking for
Thank you so much for helping so many students out there struggling with Microeconomics including me :))
You are very welcome!
Thank you very much, finally I can understand the material used in class even though it wasn't actually taught by the lecturer. This is very clear❤
Great channel for economics students. Understandable and memorable videos. I would like to take a face to face class from such an excellent economics professor. I hope many more students discover this channel and enjoy these videos. Greetings from Turkey...
If you're wondering the hike in your views in these couple of days, let me tell you that we have our exams in our university and you are the best teacher of microeco online
Thanks! Good luck with exams!!
That is how professors should teach students, thanks for the great teaching and videos👍👍👍
You're welcome....I'm glad the videos are helpful!
This video is extremely precise and easy to understand. The pace also caters to every student. Thank you a lot sir. This has been of great help.
It was so worthwhile, thanks !
Looked up Jeremy bentham , wish I didn't , especially so late at night right before a test😅. All joke's aside, thank you. I did pretty well on my midterms thanks to you, hoping to do just as well in my endterms
Ha! Pretty rough to look at. Good luck on your endterms!
Sooperb explanation ♥️
amazing video!!! helps me a lot :) thank you for such a good explanation
Appreciation from india.
Superbbb!!!!❤❤❤❤
Glad to be able to help.
God of Economics
Amazingly taught!
huge respect
at 21:30 you say that the price gets driven up until there is only one bidder left which is the price P*, but at the value of 800 aren't there still two bidders that are willing to pay that price? I would have thought that B would have stopped at any value greater than 800 but would still bid at 800, I cant quite see where I'm getting mixed up.
Just imagine the price being one bidding increment above $800. Just enough to eliminate the second highest bidder since their maximum is $800. The price would be just slightly higher than 800....I'm calling it 800 for convenience.
One thing that puzzles me is typically we represent independent variable as x axis and dependent variables on the y axis .but somehow in econ we represent price which is independent on the y axis and the demand quantity which is dependent on the x axis. Though it is ok from an understanding standpoint...it has always made me wonder why ..😂
im not letting you have my cooking utensils why my mom passed onto me !
Ha!!
What is the reservation price in consumer and producer surplus curve
Thank you professor
You're welcome!
Kindly please share chapter number10 . And your videos clear all my concepts . Appreciated ❣
Yeh jis book me hai uska link bhejoge please
Pls thanks for everything...I really want to know the value of a good is equal..pls is it equal to the price you paid for the good or max you willing to pay minus price you actually pay for it..pls I hope to hear from you real soon😢
The value that you place on something would be the maximum you are willing to pay for it. For example, if you value something at $20, but the market price is $7, then you get $17 of consumer surplus. I hope that helps.
You must be the next president
In which chapter did you talk about Utility?
Another question.. In which chapter did you talk about Cost, Production, and Consumer Theory?
Thank you in advance!
Thank you so much sir
how could the price be reduced in an auction?
This is how a reverse auction works.
Thank youuuu☺️
I don´t understand why if B is willing to pay 800, A is the one that finishes buying at 800
Bidder A would actually pay a little bit more than $800....like $801. However, I just use $800 to make the discussion easier. Just suppose that B is willing to pay $799.
45:33
Sir, where are the videos for other chapters?
You can find the other videos by going to my channel page and clicking on 'videos.'
ua-cam.com/channels/ynaHas-XyaZniL7Zi94cUQ.html?view_as=subscriber
@@DrAzevedoEcon sir thank you so much your videos helped me a lot :)
@@ali19alarasy8 Great! Glad to be of help.
@@KnobtownSkiffleBand sir, could you please share your Twitter account or Instagram so that I can follow you 🙏
I tried to find you but I couldn't
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