I had a teacher back in highschool that made econ so easy that I thought I was good at it until I got myself a professor that made the class really hard to understand! My friend recommended your channel to me and I want to say thank you for making micro econ easy to understand! I have an exam tomorrow on Surpluses and Elasticity! Wish me luck!
Mr.Clifford, You're made me easy recall my memory. Some teachers do say but I wasen't so confident about it. You made it easy.Thank you very much for your support.
I've got happy tears in my eyes. It's all so clear now and I FINALLY UNDERSTAND. I have my final exam in a week and I hope that I'll be able to learn enough from your videos until then. THANK YOU, YOU WONDERFUL HUMAN BEING!
Mr. Clifford kept me entertained and helped me understand this stuff so well because the textbook was difficult to understand. I'm super engaged in his videos and will continue to watch all of his econ videos. He actually has me talking back to a screen lmfaooo. I appreciate him so much!!
I am a law student from Thailand writing IRP of Parallel Pricing...and I want to tell you that I really appreciate your work it help me understand Antitrust Laws in Economic perspective. I am so grateful I got to see your clip. Wish you the best.
i've been trying to understand economics for the pst 2 months, hasn't worked out, but today I decided to try watch some videos, came across your videos, I've learned more i the past 2 hours of watching you videos on repeat, than i have from my teacher in 2 months, thanks!!
Excellent work. I just binge watched a ton of your videos to prepare for my exam and have learned so much. I thank you for your time and effort in making these videos. I will share it with my friends. Also that was a clever joke haha
one of the best I am not a type of a person who watch Economics videos but got the link from my lecture and now I will watch more your style of teaching is awesome
i can't believe this video taught me the whole concept of PS, CS, DWL within 5 minutes that I couldn't understand for the entire lecture. You're just genius @JacobClifford thank you :)
Great videos. You make the concepts so easy to understand. Also, I really appreciate the effort you put in to make the videos interesting and memorable. Thanks, -A grateful grad student.
I really like the way you teach :) I watched this video to help me get started on some homework that's not due for about a week, and we ended up learning about this in class the next day. I understood more from what I watched in 5 minutes that what I sat and listened to in 1.5 hours :)
Great video, thank you. I have an exam tomorrow and this really made me understand the fundementals. Thank you good sir. Also hillarious twist you added with the winter atmosphere
+Stephanie Natacha You are welcome Stephanie. Please make sure to subscribe. The more subscription, the better the position on UA-cam and the more people I can help.
Your videos are extremely helpful! If it wasn't for your videos on economics, then I'd probably be doing terrible in my class right now. Anyways, just wanted to say that I appreciate the time you spent to make these videos. You're awesome!!!
Just wanted to say thanks for all the help your videos have provided for me as well as alleviating stress. Subscribed and told all my friends in my micro class to check out your videos as well. Merry Christmas!
You really simplified this! My teacher tried to really over complicate things to the point that left me beyond frustrated. Why can't everyone teach the way you can obviously?!
Love your videos! My teacher is too quick when he is giving us information so I don't really have time to comprehend what he is teaching. Your videos are easy to understand and I can watch them as many times as I need! Thanks so much!
Thank YOU so much for Your amazing videos! I just admire your explanation methods. I should say that before watching your videos I hated economics and found it very hard to learn or understand. However, Your explanation methods (your jokes, positivity, knowledge and of course, amazing teaching skills) made me love this course veery much!!!! I never get tired when I watch your videos, and even try to learn more and more.. Thank YOU So much, and please just keep up your perfect and helpful work! :)) God Bless You! :))))) And HAPPY HOLIDAYS! :)))
Thank you, you helped me understand my college assignment a bit more. Thankfully it’s not the night before my test, but I do have to finish this assignment so now I understand much more!
Thank you thank you thank you for making this subject which is is actually really interesting, but often bogged down in complexity and dull professors, so easy to understand!
My favorite funny part is when your wife says I told so ( at least that what is sounds like), after being hit with the snow the first time, and then your like YEAH YOU DID haha!
Mate, you've got some MINT public speaking skills. This really helps me through my microeco class because it's catchy! Just FYI you're marketing your channel in the best way possible :)
I'm being a pedant, but I feel like the last example of deadweight loss (Christmas shopping) ignores the utility gained from sentimental gifts. I bought my girlfriend a $30 blanket on Valentine's Day. She likely didn't have the demand for it, but she cuddles with it all the time because it's a gift from me, creating an artificial demand that didn't exist before (I think!). Anyways, excellent video. 10/10 explanation.
Love your work! Specially when you explain something and I figure that I got it but not 100% sure and then you give a different example and that gives us the time to calculate and find out if we really understand it.. Thanks!
i am writing optionals today. i wish i'd discovered this channel earlier, i would probably have had better results. crossing my fingers and hoping for a distinction
At 2:40, Can anyone explain me intuitively what is happening with the consumer surplus(CS)? Like I get the idea that the area of CS increases due to introduction of Price Ceiling thus that means that some portion of Producer Surplus(PS) gets lost as Deadweight Loss and some of it is now part of the CS but what I dont understand is what happens to the consumers that are fine with the price range of 7$ to 3$? Obviously the new CS allows some of the Lower Income Groups to afford the commodity but will they in reality be able to buy with impending shortage?
You've been a great help, got me a 5 on my AP macro exam and hopefully another on my AP micro exam. I was just wondering how you got the DWL in your bonus round.
+nerdster DWL occurs whenever P doesn't equal MC. In this case, the MC is greater than the price so there is too much produced and DWL is on the right side of socially optimal. When we are producing too little and MC is less than Price the DWL s on the left side of socially optimal. Does that help?
crystal clear, the only difficulty that I found in this particular concept is that the DWL is to the right of the equilibrium point and I have never tackled a question where it hasn't been to the left of the equilibrium point which is why i have a hard time visualizing it. Also I think the link at the end of the video might be broken:P. Thank you once again, my whole class owes you one:)
I'm very happy to find your channel, before my final. Just disappointed that this video doesn't have you wearing any ACDC. Personal Questions: How many ACDC belts do you have? And is ACDC your favorite band? Keep up the good work, will let any classmate know about you.
I'm a law student, studying tax law, were looking like zero at these principles. It would be useful to see your position on saving taxation, and why or why not, dropping it entirely in lieu of consumer tax system, from an economist stand point. The government will tell you they can't afford to lose the value of savings taxation.
I really wish I discovered your videos earlier than the night before my micro economics final! You're my hero
lol,same
lol that's me
the fact that im right here 45 mins before my micro exam watching this to get that 50% i feel attacked
@@tejdande857 legit me rn :/
@@cleangamer1254 GOOD LUCK I'm sure you'll do well
You spend so much time helping out college kids who're extreme procrastinators like me. Thank you. You just got a new subscriber
Happy Holidays! What did you think of the video? Did anyone get the "Let's say..." joke?
+ACDCLeadership I don't how to solve demand function and revenue function to find profit maximizing quantity...! please help.
+ACDCLeadership "What is deadweight loss?" "It's deadweight loss." I got it!
Yes, it is the lost efficeincy when a market is not at equilibrium
+ACDCLeadership What about my question?
+ACDCLeadership great as always
Mr.Clifford.You have saved more lives than you can imagine.Great Stuff.
You just made me understand consumer surplus in 5 seconds.
I couldn't understand my teacher for 20 minutes.
SmokeyPillow I couldn’t understand for two hours
I still don't understand this
@@arjunkapasia6044 hah,
I had a teacher back in highschool that made econ so easy that I thought I was good at it until I got myself a professor that made the class really hard to understand! My friend recommended your channel to me and I want to say thank you for making micro econ easy to understand! I have an exam tomorrow on Surpluses and Elasticity! Wish me luck!
my grandma just disowned me
thanks bro
bro what
My economics exam was yesterday and I'm still going to watch this for some reason...Happy Christmas
+James Merry Christmas to you too. I hope you did well on your exams. Thanks for watching
I like how quick I understood the concept of deadweight loss in so little time. Thanks.
Mr.Clifford, You're made me easy recall my memory.
Some teachers do say but I wasen't so confident about it.
You made it easy.Thank you very much for your support.
Im watching this 7 years after and your videos are still great
I've got happy tears in my eyes. It's all so clear now and I FINALLY UNDERSTAND. I have my final exam in a week and I hope that I'll be able to learn enough from your videos until then. THANK YOU, YOU WONDERFUL HUMAN BEING!
I KNOW HOW THAT FEELS! MY PROFESSOR MADE IT HARD FOR ME TO UNDERSTAND AND I GOT AN EXAM TOMORROW! How did you do on that exam?
Mr. Clifford kept me entertained and helped me understand this stuff so well because the textbook was difficult to understand. I'm super engaged in his videos and will continue to watch all of his econ videos. He actually has me talking back to a screen lmfaooo. I appreciate him so much!!
Just chanced upon this video since my college prof. isn't too great at explaining. Love you on Crash Course as well!
+Alex B I appreciate it Alex. These videos are desigend to help you study for exams. Crash Course keeps it a little more general
+ACDCLeadership you're a life saver!
I am a law student from Thailand writing IRP of Parallel Pricing...and I want to tell you that I really appreciate your work it help me understand Antitrust Laws in Economic perspective. I am so grateful I got to see your clip.
Wish you the best.
i've been trying to understand economics for the pst 2 months, hasn't worked out, but today I decided to try watch some videos, came across your videos, I've learned more i the past 2 hours of watching you videos on repeat, than i have from my teacher in 2 months, thanks!!
Excellent work. I just binge watched a ton of your videos to prepare for my exam and have learned so much. I thank you for your time and effort in making these videos. I will share it with my friends.
Also that was a clever joke haha
I don't know what I will do to get a high score in my Econ class without your videos! Thanks!
one of the best I am not a type of a person who watch Economics videos but got the link from my lecture and now I will watch more your style of teaching is awesome
i can't believe this video taught me the whole concept of PS, CS, DWL within 5 minutes that I couldn't understand for the entire lecture. You're just genius @JacobClifford thank you :)
You just saved my day for my Economics exam today. Thanks. You explain it better than any other video I have watched online.
Great videos. You make the concepts so easy to understand. Also, I really appreciate the effort you put in to make the videos interesting and memorable.
Thanks,
-A grateful grad student.
man your a god, how do you explain things which are explained in textbooks in 30 pages, you explain in 3-6 mins
You just explained an entire chapter of consumer surplus and producer surplus even better than my seminar instructor did!
I really like the way you teach :) I watched this video to help me get started on some homework that's not due for about a week, and we ended up learning about this in class the next day. I understood more from what I watched in 5 minutes that what I sat and listened to in 1.5 hours :)
Great video, thank you. I have an exam tomorrow and this really made me understand the fundementals. Thank you good sir. Also hillarious twist you added with the winter atmosphere
wow i watched this just in time for my final tomorrow. Thank you for making this youtube channel. It has seriously helped me out so much.
+Stephanie Natacha You are welcome Stephanie. Please make sure to subscribe. The more subscription, the better the position on UA-cam and the more people I can help.
The 'repeat after me' moments are so underrated.
@jacobclifford you're a good soul and the world needs more people like you, professionally and otherwise. Thanks a bunch for the video!
Your videos are extremely helpful! If it wasn't for your videos on economics, then I'd probably be doing terrible in my class right now. Anyways, just wanted to say that I appreciate the time you spent to make these videos. You're awesome!!!
OMG you are a legend. Love your work. Literally are legit like my economics tutor rn. Thanks so much
Thank You! This makes so much more sense than all the text books, professors, and tutors combined.
Sir! i appreciate you work.
you are the best teacher of ECON, you had made this subject interesting and fun...
Just wanted to say thanks for all the help your videos have provided for me as well as alleviating stress. Subscribed and told all my friends in my micro class to check out your videos as well.
Merry Christmas!
+Anthony Thomson Thanks Anthony. Merry Christmas to you too
I love your videos so much. You're literally the only reason I'm passing economics. Thank you!
+Brin Joseph I'm glad that I could help Brin
You really simplified this! My teacher tried to really over complicate things to the point that left me beyond frustrated. Why can't everyone teach the way you can obviously?!
Love your videos! My teacher is too quick when he is giving us information so I don't really have time to comprehend what he is teaching. Your videos are easy to understand and I can watch them as many times as I need! Thanks so much!
+Tia Cannady You are welcome Tia
Yet another awesome video. You saved my exam once again. You're a life saver for science students like us. THanks a billion.
Thank YOU so much for Your amazing videos! I just admire your explanation methods. I should say that before watching your videos I hated economics and found it very hard to learn or understand. However, Your explanation methods (your jokes, positivity, knowledge and of course, amazing teaching skills) made me love this course veery much!!!! I never get tired when I watch your videos, and even try to learn more and more.. Thank YOU So much, and please just keep up your perfect and helpful work! :)) God Bless You! :))))) And HAPPY HOLIDAYS! :)))
+Joyka Merry Thank you Joyka. Happy Holidays to you.
Happy holidays for you too! Thanks for taking the time and effort for making these videos :)
+Ssoko45 Soko You are welcome.
Thank you, you helped me understand my college assignment a bit more. Thankfully it’s not the night before my test, but I do have to finish this assignment so now I understand much more!
Why we can't find professors like him in our universities??
You are the BEST!!
Thank you thank you thank you for making this subject which is is actually really interesting, but often bogged down in complexity and dull professors, so easy to understand!
You are THE BEST. All other economics videos suck. Keep it up.
i honestly would be failing my econ class right now if it weren't for your videos. soooo appreciative keep up the amazing work
+xodevonn That's awesome. I'm glad I could help
Best educational channel ever!!!
Tomorrow is my economics exam and your videos helped me a lot, Arigato gozaimasu
GOD BLESS YOU IVE BEEN SO CONFUSED
not all superheroes wear capes...
My favorite funny part is when your wife says I told so ( at least that what is sounds like), after being hit with the snow the first time, and then your like YEAH YOU DID haha!
This is a GREAT video but the sound track goes off the video recording around the 1 minute mark. Any chance you can fix that?
Best videos! BEST. These videos are helping me crush my micro econ class!
Best economics teacher
Thank you. You made me feel like an idiot trying to understand my model answer sheet for an hour. When all I needed was 5 mins 😂
Mate, you've got some MINT public speaking skills. This really helps me through my microeco class because it's catchy! Just FYI you're marketing your channel in the best way possible :)
You are the best Jacob, thanks for this explanation :D
I'm being a pedant, but I feel like the last example of deadweight loss (Christmas shopping) ignores the utility gained from sentimental gifts. I bought my girlfriend a $30 blanket on Valentine's Day. She likely didn't have the demand for it, but she cuddles with it all the time because it's a gift from me, creating an artificial demand that didn't exist before (I think!). Anyways, excellent video. 10/10 explanation.
this guy is banter, love it.
It's like I'm looking at Marshall from HIMYM teaching Macroeconomics. Nice video!
0:05 you can tell he's done a couple takes of throwing snowballs cause his nose is already red 😂
you have AMAZING teaching skills!!!
I love how you explained this! You're so Awesome!
audio-visual relationship is kind of wacky around 1:15
My prof should learn from you. Seriously, legend.
It just brilliant!!!! Our MBA group is just preparing for the microeconomics exam! :)
ACDCLeadership, love the way you explain everything
please checkout the dead weight loss in case of positive externalities ( wrongly shown at 3:44) & also in case of Negative externalities
I wish my professor could explain things as clearly as this. Thanks!
You saved me from an f! Thanks for all the great videos you post they are my savior!!!!
1:10 Producer Surplus
Love your work! Specially when you explain something and I figure that I got it but not 100% sure and then you give a different example and that gives us the time to calculate and find out if we really understand it.. Thanks!
i wanna say thank you so much from your super fan in Vietnam , it's really helpful . Grazie mille
i am writing optionals today. i wish i'd discovered this channel earlier, i would probably have had better results. crossing my fingers and hoping for a distinction
Very nicely explained.Kudos to the presenter.
hahaha, I definitely do "prefer cash this Christmas" .great video!
had to watch 3 times but then i got it! thank you!
this man is a hero
@0:59 is it just me or the video is not in sync with Mr. Clifford's speaking frame?
master of economics. Am from Africa
you really do make this easier. thank you
At 2:40, Can anyone explain me intuitively what is happening with the consumer surplus(CS)? Like I get the idea that the area of CS increases due to introduction of Price Ceiling thus that means that some portion of Producer Surplus(PS) gets lost as Deadweight Loss and some of it is now part of the CS but what I dont understand is what happens to the consumers that are fine with the price range of 7$ to 3$? Obviously the new CS allows some of the Lower Income Groups to afford the commodity but will they in reality be able to buy with impending shortage?
In fact I'm done reading her notes. If I keep reading her notes I'm going to overthink what you just taught me and have a meltdown over it! lol!
You've been a great help, got me a 5 on my AP macro exam and hopefully another on my AP micro exam. I was just wondering how you got the DWL in your bonus round.
+nerdster DWL occurs whenever P doesn't equal MC. In this case, the MC is greater than the price so there is too much produced and DWL is on the right side of socially optimal. When we are producing too little and MC is less than Price the DWL s on the left side of socially optimal. Does that help?
crystal clear, the only difficulty that I found in this particular concept is that the DWL is to the right of the equilibrium point and I have never tackled a question where it hasn't been to the left of the equilibrium point which is why i have a hard time visualizing it. Also I think the link at the end of the video might be broken:P. Thank you once again, my whole class owes you one:)
i love ur videos so much!! they help me a lottttt!!! thank you!!!
When ya have to figure out the entire semester in one night
Thank you very much, i learned something in 6 min when i teacher try to teach it in 4 hours
love your videos!
Man I wish you were the lecturer at my university!
I lit laughed during an Aecon lesson! Thank you!!
You're my saviour!! Thank you so much!!!
isn't the combined consumer surplus 3×4000×0.5=6000. It should be multiplied by 0.5 because it is a triangle right?
+Jari Wilschut Yes, you are right I was wrong. That's what I get for changing up the numbers before I edit. Crap!
Jacob you have saved me, thanks
Thanks for the help and great video! Thumbs up
+Adnan Mkamel I'm glad that it makes sense
I'm very happy to find your channel, before my final. Just disappointed that this video doesn't have you wearing any ACDC.
Personal Questions: How many ACDC belts do you have? And is ACDC your favorite band?
Keep up the good work, will let any classmate know about you.
+Ryan Ernst It is under the sweater. I have 7 of them by the way
I'm a law student, studying tax law, were looking like zero at these principles. It would be useful to see your position on saving taxation, and why or why not, dropping it entirely in lieu of consumer tax system, from an economist stand point. The government will tell you they can't afford to lose the value of savings taxation.
just starting msc finance and enjoying your vidoes
muchas gracias
Wish I found this earlier, you're great help!
this confused me even further because of the audio/video lag. no idea whats going on rn
Base on my calculation my DWL is on the left instead of the right. However, it has identical area.
I understand a little clearer, please make another video with more details. Thank you.