Supply and demand in 8 minutes

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  • Опубліковано 22 сер 2021
  • I made this video to give you a quick overview of supply and demand. I cover the law of demand, law of supply, shifters of demand and supply, shortage, surplus, and changes in equilibrium. I go pretty quick so watch the entire video first before you try to take any notes. Also, be sure to practice, practice, practice. Thanks for watching. Good luck in your econ class.
    Need more practice? Check out my Ultimate Review Packet
    www.ultimatereviewpacket.com
    Teachers, check out my worksheets for AP Economics and Standard Economics.
    www.acdcecon.com/standardecon

КОМЕНТАРІ • 348

  • @dylanleehobson6906
    @dylanleehobson6906 Рік тому +710

    These 8 minutes have been more beneficial than 4 weeks at my college.

  • @abdulsamihashemi6821
    @abdulsamihashemi6821 2 роки тому +288

    Love from Afghanistan, the saddest country in the world. But one of your loyal students for ever sir .love you.... .

    • @Commander6444
      @Commander6444 2 роки тому +29

      Love back from Canada. Please stay safe.

    • @sadmansakib569
      @sadmansakib569 2 роки тому +1

      Secular?

    • @soumyaneelmanna3097
      @soumyaneelmanna3097 2 роки тому +6

      1. Study Economics
      2. Infiltrate Taliban
      3. Manipulate them to adopt secular/liberal economic policies for more money
      4. Liberalize the country by 2-3 generations
      5. Profit

    • @caseyjames6800
      @caseyjames6800 2 роки тому +8

      Stay safe man

    • @makara2711
      @makara2711 2 роки тому

      @@Shivdadarwal i thought indians hate muslims, theyre racist too right?

  • @TheBlackKakashi
    @TheBlackKakashi Рік тому +126

    You've made me talk more about economics than my current teacher ever has

  • @wanderingsolo5
    @wanderingsolo5 8 місяців тому +8

    Our professor just dumped two books on us and told us to read out of it. I would have gone bald by now due to the amount of stress I am having if this Mr didn't making this video. Thank you very much.

  • @zoeybella234
    @zoeybella234 2 роки тому +113

    Thank you so much Jacob Clifford. your lessons are brilliant and saved me so much time on my assignments. I also have a much better understanding of business due to your excellent teaching style. Wish you were all of my lecturers. Thank you xx

  • @wrog13
    @wrog13 Рік тому +38

    This man is really pedagogical to teach, I've learn more with this videos than in one period of university. Thanks.

  • @oliviarogers1169
    @oliviarogers1169 Рік тому +8

    Mr. Clifford helped me get through my MBA microeconomics course! Fun and interesting- one of the best teachers I have ever seen!! I cannot say thank you enough! BUY THE REVIEW PACKET!

  • @sherylfrancis4163
    @sherylfrancis4163 2 роки тому +32

    Thank Jacob I was really struggling to understand supply and demand curves applications your video was so refreshing it breaks it down to its small detail whereby I could understand It. For two weeks I was trying to get the concept through reading my text book watching countless videos all of them just confused me even further I so happen to see your title 8 minutes you can learn about supply and demand and I was about to ignore it, I said another person just saying this because the want you to click on their video well you proved me wrong it did exactly what you set up to achieve. Now I can approach my homework with more confidence that is due tomorrow.
    Now you have me falling in love with economic. Thank Jacob.

  • @johnm_o_
    @johnm_o_ Рік тому +23

    I spent 3 hours watching and taking notes on an Econ lecture yesterday. Your video taught me more in 8 minutes! You should have a tip option on your channel. You deserve it lol

  • @anishgokhale92
    @anishgokhale92 8 місяців тому +7

    You sir, are a lifesaver. I am struggling at microeconomics at my college, and this channel has been such a huge help. Thank you very much and god bless you :)

  • @dianeprior4163
    @dianeprior4163 2 роки тому +19

    As a teacher of economics, I think Jacob's passion and enthusiasm alone make him in high demand!! You are a great compliment to my own classroom!

  • @MLBBTOPLAYS
    @MLBBTOPLAYS Рік тому +8

    Hello jacob! I really want to say thank you very much from the bottom of my heart. ❤ I am so happy that i watched your videos. Our board exam just ended yesterday and economics was included. I was frustrated that i don't have time to study econ and just keep watching all your videos, and i really nailed it yesterday specially on macro ❤ so thank you!

  • @bibianmagona3676
    @bibianmagona3676 8 місяців тому +2

    As a social work student doing microeconomics module...This has helped me a lot.. imagine i don't have any background of economics nor any commercials subjects ..i really appreciate 🙏

  • @Jacob-fw4ve
    @Jacob-fw4ve Рік тому +3

    You’re a fantastic instructor and video creator. Thanks Mr. Clifford!

  • @abinandhc3865
    @abinandhc3865 2 роки тому +38

    You prepared me for the test in 8 minutes....wow ! keep up the good work !

  • @mahendrakapady4482
    @mahendrakapady4482 8 днів тому

    I was seeing professor slides for more than 2 hours, this video made things clear for me in less than 10 mins. Good work Jacob. You are too good in explainng things at fast pace as well.

  • @asmarlitvinjabarova4122
    @asmarlitvinjabarova4122 2 роки тому +162

    The best teacher on the entire planet and in history

  • @margarethaines9310
    @margarethaines9310 2 роки тому +17

    Great video to review Supply and Demand prior to a test! Will definitely make these concepts memorable to students who have had some "hands on" experience with these concepts prior viewing. Thank you for updating your videos!!!

  • @flowinglikethewater
    @flowinglikethewater 5 місяців тому +1

    Thanks Jacob. For whatever reason, both the professor's lectures and the book material explain everything superfluously and in a way that twists your thinking. Thanks for your videos and explaining it as clear as day.

    • @andreapatrick9039
      @andreapatrick9039 Місяць тому

      Wondering if you were in my class last semester lol I'm retaking macro this summer rn bc there's a different teacher.

  • @empresscarrot5417
    @empresscarrot5417 7 місяців тому +1

    You're an amazing teacher. I've been watching your videos since I was in college. Now I'm taking my masters degree and your video is still very helpful to me. You explain in a fun and easy to understand way :)

  • @simonibarnard5497
    @simonibarnard5497 2 роки тому +2

    thank you so much. this is the night before 3 big exams and i had no clue what was going on. you saved a life today

  • @giulianascigliano7743
    @giulianascigliano7743 8 місяців тому

    You have no idea how thankful I am for the effectiveness of this video

  • @nivneedscoffee
    @nivneedscoffee 2 роки тому +8

    Self studied for AP Micro and couldn't have done it without Mr. Clifford! Thank you so much :)

  • @jennashaw9572
    @jennashaw9572 4 місяці тому +5

    My test is tomorrow and now I suddenly understand

    • @JacobAClifford
      @JacobAClifford  4 місяці тому

      Awesome! I'm glad I can help. Good luck!

  • @rebirthed1274
    @rebirthed1274 2 роки тому +4

    Am glad you still.around...was watching your video from 6 years ago and praying that you still.posting.yeey😄

  • @glendacortes9497
    @glendacortes9497 Рік тому

    I've always struggled with microeconomics and macroeconomics. Your video is very helpful.

  • @4KFILMshorts
    @4KFILMshorts 7 місяців тому

    Love from Bangladesh. Thank you for your 8 Minutes that was more beneficial than 6 hours class of my University.

  • @vintun9623
    @vintun9623 2 роки тому +13

    Thank you so much, I have a test tomorrow and I only watched like 10 of your videos and I think I'm ready for it. Keep uploading you've got some viewers like me! :)

  • @abdinasirnunimohamed3990
    @abdinasirnunimohamed3990 2 роки тому +4

    This is perfect explanation of supply and demand.

  • @eaintyoonthu5547
    @eaintyoonthu5547 2 роки тому +7

    i think he just saved my life

  • @sangyayogi6873
    @sangyayogi6873 2 роки тому +4

    I recently passed my CLEP test and I am so thankful to you. The ultimate review packet is totally worth it. I can not even say enough how good are your videos are. Thank you!!

  • @parikshitsharma7328
    @parikshitsharma7328 2 роки тому

    I knew about this in detail already, this just jogged the memories, good work

  • @HCYOOJIMIN
    @HCYOOJIMIN 2 дні тому

    Thank you so much these 8 minutes taught me what i would lean in an hour and still not understanding again thank you

  • @mimiudo_
    @mimiudo_ 5 місяців тому

    Literally came to UA-cam for last minutes revision and saw this video. Really helpful
    Thank you so muchhhh❤

  • @vitali6137
    @vitali6137 Рік тому

    Let’s face it no one cares about supply , demand and all this jazz . Unless you’re studying and then your content is GOLD!!!!
    Thank you wise man.

  • @jennyzhang6027
    @jennyzhang6027 2 роки тому +3

    I am learning microeconomic recently. Your lesson really helps me. Thank you!

  • @theflashclashroyale1245
    @theflashclashroyale1245 2 роки тому +2

    Mr. Clifford is awesome! My school did a block schedule and so I had to learn Micro + Macro in a span of 3.5 months. Mr. Clifford hard carried me through it all, and helped me get me a 4 and 3 on the AP Tests!

  • @ThayaneTonizza
    @ThayaneTonizza Рік тому +1

    Excellent video, easy to understand. Thank you for sharing this with us.

  • @fatimaalbusaidi581
    @fatimaalbusaidi581 2 роки тому +2

    Saying thank u for all of this amazing explanation is not enough
    .

  • @taliesinmusic
    @taliesinmusic 2 роки тому

    3:41 in, this is the best video yet Iv'e watched about the topic. only thing i'd adjust so far, is explicitly state that supply regards PRODUCERS, and demand regards CONSUMERS, even though it seems obvious.
    This therefore assumes there is a middle man.

  • @royvincenttrani
    @royvincenttrani 2 роки тому +22

    Thank you for this - currently using supply and demand to understand the market forces that impact housing prices and development

  • @sama5234
    @sama5234 Рік тому +1

    You made this so easy to understand, thanks!

  • @VivekanandfutureCA
    @VivekanandfutureCA Рік тому +1

    Thankyou sir i didn't understand my classes well so i came checking any good classes on youtube after reading notes and coming to your class it totally boosted my confidence 🙏👌✌
    it's not good its just an amazing class

  • @muzammilrizvi6424
    @muzammilrizvi6424 Місяць тому

    Good to see you again, you change a lot but your teaching style as effective as before

  • @unknown36556
    @unknown36556 11 місяців тому

    i never understood the price changes, but you made everything clear now, tysm

  • @tara-fz4st
    @tara-fz4st Рік тому

    watching this the night before my exam after taking classes related to economics for 2 years lmaooo a life saver

  • @SarthakKumar
    @SarthakKumar 2 роки тому +1

    I watched your 2014 videos then and there i fell in love with way you teach. You are amazing sir! You are helping so many students each year by your videos. The level of efforts and creativity you add in these videos is commendable !!
    ~ A Btech Student from India.

  • @xavierjones9804
    @xavierjones9804 2 роки тому +12

    Big bro came back as soon as the semester started. I'm in my third year as an econ major. Your videos has helped me so much.

  • @malkiadebbie
    @malkiadebbie 8 місяців тому +3

    “Puts pen and paper back in bag” yes sir

  • @LegendBuzzy
    @LegendBuzzy 2 роки тому +1

    Couldn’t of passed Econ without you last year awesome vids!

  • @allihawawu9740
    @allihawawu9740 2 роки тому +3

    Thank you so much for your videos
    Can't wait for more

  • @GradStudentTutorials
    @GradStudentTutorials 2 роки тому +3

    Love your videos! One of my favorite channels by far.

  • @roderickmacteine851
    @roderickmacteine851 8 місяців тому +1

    You Sir, just saved my life. Thank you🤜🏾🤛🏾

  • @sc19980
    @sc19980 11 місяців тому

    Thank you for such an engaging & insightful lecture❤

  • @thabisilenkambule2381
    @thabisilenkambule2381 Місяць тому

    Amazing stuff….simplified. Thank you Sir.

  • @missadilaa-871
    @missadilaa-871 Рік тому

    Best channnel ever thank you literally a life saver ❤

  • @EitanGotian
    @EitanGotian Рік тому

    excellent videos! I bought the review packet! Thanks for your help!

  • @thanatos7326
    @thanatos7326 Рік тому

    Sir saved me some precious time. Thank you very much!!

  • @dillonmohan9042
    @dillonmohan9042 2 роки тому +3

    Your Stuff helped me pass all my courses with Econ involved thanks man 😭

  • @user-yb5ft6pr6w
    @user-yb5ft6pr6w 9 місяців тому

    Sir Clifford, very well said! Thank you so much!

  • @ajaydeepak5815
    @ajaydeepak5815 Рік тому

    awesome content came here to learn for an assessment 8 minutes had ton of information will watch videos as well.

  • @user-ri7sh9io5b
    @user-ri7sh9io5b Рік тому

    so much better than my teacher, btw, i only came to this channel because my teacher put some of your videos on in my class

  • @harutbars4197
    @harutbars4197 2 роки тому +2

    Hello. Thank you for an amazing video, it was fast but very informative and understandable.

  • @shanthinidevan2430
    @shanthinidevan2430 2 роки тому +2

    Thank you Mr Clifford!! So so helpful!

  • @nomsandlovu6332
    @nomsandlovu6332 8 місяців тому

    Yu are my new lecturer l understood everything perfectly

  • @user-nw5dc3zh6x
    @user-nw5dc3zh6x 8 місяців тому

    Thanks bro, this is helping me prepare for my FBLA exam

  • @habiodunidrees6425
    @habiodunidrees6425 Рік тому

    Wow, so good and sound teaching.

  • @user-ni8lc3oq1b
    @user-ni8lc3oq1b 10 місяців тому

    Thank you for making this video. If I may know about the reasons and factors for the shift in the curve, what book did you get the information from? because I was asked to make a PPT and was required to include a bibliography. Thank You

  • @zyyy8973
    @zyyy8973 Рік тому +2

    Thank you so much Sir
    Love from Bharat (India) ❤️

  • @woleadekola136
    @woleadekola136 Рік тому

    I have derived so much knowledge from just watching this video for just 8 minutes. seriously
    keep it up

  • @nsrttv1333
    @nsrttv1333 5 місяців тому +1

    sir thank you for everything I understood everything well with u otherwise I couldn’t

  • @mariecurie4306
    @mariecurie4306 2 роки тому +2

    You taught me what they couldn't teach me in 6 weeks really bro👏👏👏👏

  • @StarryTerraria
    @StarryTerraria День тому +1

    i passed my commerce test cuz of u thanks bae

  • @ninabessaiah1388
    @ninabessaiah1388 9 місяців тому

    I studied this on the last year of highschool and it took me a lot of time to understand it before University entrance exam

  • @yaqz7
    @yaqz7 2 роки тому +4

    Absolute Legend! Thanks! Great content, helps a lot!

  • @sohrabborzoian3914
    @sohrabborzoian3914 2 роки тому

    The fact that you are also a PSYCH fan made me understand this video so much better (LOL). Thank you for the video and the effort you made into making this. Cheers!!

  • @chivaraidzochivaraidzo
    @chivaraidzochivaraidzo Рік тому

    Very helpful and understandable...thank you Sir

  • @fakhrulpulungan5933
    @fakhrulpulungan5933 2 роки тому

    This video is really helpful. Thank you and please keep uploading 😃

  • @georgelopez6485
    @georgelopez6485 Рік тому

    This was great. I just learned a lot

  • @queenofcrowleys
    @queenofcrowleys Рік тому +2

    economics quiz tomorrow. this made the lessons so much clearer. thank you!

    • @Big_body_bitch_with_an_opinion
      @Big_body_bitch_with_an_opinion Рік тому +1

      My econ final is in 3 hours good luck bro !!

    • @queenofcrowleys
      @queenofcrowleys Рік тому

      @@Big_body_bitch_with_an_opinion how was it? i aced mine! ;)

    • @Big_body_bitch_with_an_opinion
      @Big_body_bitch_with_an_opinion Рік тому +1

      @@queenofcrowleys i haven’t gotten my results yet but I’m pretty sure I did well I’m still super nervous about it tho😩 and congrats bro!!!

    • @queenofcrowleys
      @queenofcrowleys Рік тому

      @@Big_body_bitch_with_an_opinion goodluck! im sure you aced it too! congrats in advance!

  • @kaciewassef2387
    @kaciewassef2387 9 місяців тому

    THIS IS SO HELPFUL THANK YOU

  • @heygema
    @heygema 2 роки тому

    True dedication, I just watched the video aged 7years

  • @celestialmonarch1
    @celestialmonarch1 3 місяці тому

    Very useful, bless you Mr

  • @sethhhh
    @sethhhh Рік тому +1

    law demand > menunjukkan hubungan terbalik atau inverse relationship antara harga dan kuantitas yg ditawarkan dan mampu dibeli konsumen, saat harga naik jumlah barang yg diminta turun dan saat harga turun jumlah barang yg diminta tinggi
    there's three reasons for the law demand
    1. susbtitution effect barang pengganti > menggerakkan kurva
    2. pendapatan
    3. law of diminishing marginal utility

  • @fouziasubhani5846
    @fouziasubhani5846 2 роки тому +1

    wonderful explanation

  • @eldaaouedraogo1901
    @eldaaouedraogo1901 Рік тому

    THIS WAS SOOOOOOOOOO HELPFUL!!!

  • @hendriknel8100
    @hendriknel8100 2 роки тому

    I love it! You helped a lot!

  • @cymric2648
    @cymric2648 2 роки тому +9

    Thanks so much! Have my finals in 3 days, wish me luck guys! Ill update you when i get the scores 😊

  • @Sarumanthewhite888
    @Sarumanthewhite888 8 місяців тому

    This is great, thank you Jacob! 😎😎😎

  • @keshavx
    @keshavx 2 роки тому +3

    Cleared my concepts, thanks a lot.

  • @HarshitaSolanky-bc1yf
    @HarshitaSolanky-bc1yf 3 місяці тому

    we love you your the reason I am gonna crack it tomorrow

  • @omikacooray5333
    @omikacooray5333 Рік тому

    Thanks a lot it really helped me in my ials

  • @YutaRizz
    @YutaRizz 3 місяці тому

    THANK YOU SO MUCH THIS HELPED ME ALOT 😭❗

  • @mrwu2219
    @mrwu2219 2 роки тому

    I really really thank you, it is really helpful, I ve already subscribed you .!!!!!!!

  • @FleapyLeap
    @FleapyLeap 6 місяців тому

    I learned so much from this video than the 60 page book from my school

  • @HarshitaSolanky-bc1yf
    @HarshitaSolanky-bc1yf 3 місяці тому

    ya all I spent a month in school with full focus and attention only to get fail marks in the mock exam
    then there is this who just comes into my life like a genie and I wish to be an economic expert and he just says wish granted

  • @fjlearnon58
    @fjlearnon58 2 роки тому +1

    Thank you sir. God bless you. I have uploaded few Micro economics concepts

  • @yangzhenhao8313
    @yangzhenhao8313 Рік тому

    wow, your explained was so well

  • @Enriqueptz2004
    @Enriqueptz2004 Рік тому

    microeconomics midterm in 2 hours this really helped