I'm student teaching an economics class. I enjoyed your video! I kind of thought the camera work was pretty entertaining too, although I guess a lot of people didn't. Bravo, sir!
I have finals this week, this was a perfect quick way to get this back into my head. And a lot easier than looking through all of my notes and books! Thanks guys!
your explanation is quite misleading and not too convincing and ,in fact you lack the quality of a good lecturer you have tacked a very sensitive and complicated lesson in basic economics ,you didnt discuss well especially where you have gotten the data you should have been presented the whole story which are the table with indicated amount of prices with quantity demanded and supplied quite boring and not convincing you need to master the concept and the principles of law of demand and supply
nice video, both educational and funny.ive got a social studies test on friday and was absent one of the days we learned this. ive got a question though. does the supply affect the demand? In the future though, i suggest the camera man hold the camera a little "more" steadily btw- i was rofl when he flipped the camera upside down and you fired him. peace man, -your new subscriber, Jon
@jonjonjon1370 Supply does affect demand. Think about this... This SWEET fucking car is released, but they only make 5 of them. BALLERS around the world want this SWEET fucking car. Demand for this SWEET fucking car increases. The key ingredient though is knowing the SWEET fucking car exists. That's where marketing comes in. They want you to believe the supply is low. I suppose the internal belief of low supply of something YOU want increase YOUR demand. Hope that made sense.
@miltownkid makes sense. since there is a low SUPPLY, and the car is nice, everyone WANTS (demands it). Thanks, I aced my test by the way, thanks to u
@kellyanne61 MilTownKlan, although I like MoreThugKnowledge, that works too. WTF is a kellyanne61? Someone born in 1961 and doesn't understand future technology? Not everyone learns best through books. Pat yourself on the back for being a good little teacher's pet. peace
You guys are ghetto, but I love it! Thanks for the good explanation. Only thing was that the camera man made me get nauseous spinning the camera. But good stuff, guys.
to be honest. i just started economics, and i was too worried about it. for the first time , on youtube i went t check economics. i got it. the best video ever. keep it up brothersssssssss
Was an OK intro video until the camera started going all over the place. Recommend a larger white board to draw on, and recommend a new cameraman. While that wasn't enough to click on "unlike," might want to consider a tripod. I liked how the good was "video games."
Miltownkid; I heard you mention someone named "Bill", then you mentioned the government with regard to the surplus supply. Please kill that Mother Fucker (Bill). There is no way that I'm paying $1000 for an Xbox game.
I liked your vid, I thought it was funny and informative.
Please think about another video on the equations behind the supply and demand curve, could be a good follow on if you have some time for us information freeloaders..... Cheers Fellas!
This is garbage and noboy loves you stupid gansta' wannabees so shut your mouths before i beatcha up!!!!!! plus its not all good!!!!!!!!! and hey connor
My professor has been trying to explain this to me all semester, and you guys explained it in 6. Keep it up, cut back on some of the jokes. But it's all good. keep having fun with it.
lets be honest. economics is bull man. its made to be too complicated. people buy low and sellers sell high. what else do you need to know? and if obama tried to lower the price on xbox games, bill gates would kick his communist ass.
@AhYaOk Economics IS complicated. It wasn't 'made to be' complicated, it's a study of something that was already there, and it's complex.
I never would have expected to enjoy the subject, but I really do; if a person wants to see and understand human behavior, one could do worse than to study economics.
I don't know economics and haven't taking it before in college, but from the way this guy's demonstrating, it's clear and easy to understand. Now, from what I've seen so far, can I say that any increment in the equilibrium price stipulates increase in supplies and decrease in demand? this is interesting and makes lots of sense. You are good bro.....
THANK YOU so much!!! I have an econ final tomorrow and you're teaching things in 6 minutes that I haven't learned in 16 weeks from my professor. I wish you were my teacher.
to be fair this guy may look bit funny , but he's way better than many profs in the university probably my teacher is one of them................. i understood alot frm him THNx
I HOPE EVERY SINGLE ONE OF THEM AND THEIR SUPPORTERS ALREADY GONE TO HELL.. AND GOT SKINNED ALIVE!!!! AND GOT TOTURED TO THE MAXIMUM LEVEL... SLOWLY.... I'm really a nice person but what's going on in EELAM.. is just realllly sad... i can't believe how racist and IGNORANT the LTTE is... people are people... no matter what race they are.. we all are LTTE?...
Thank you very much for this video, I really understood your explanation of the supply & demand curve. Man, I would pay you to tutor me because you seem to be more enthusiastic than my economics teacher. Furthermore, I hope you continue to make videos about economics.
This video helped explain both demand and supply curves very nicely! I had little knowlage before watching this video but was not confident enough to answer a test question based on it. After watchin the video it is very easy for put it all together. Thanks for the vid bro.
Oh my goodness. I need you. I am definitely going to hit you up in the mornin. It's Saturday and I'm feeelin nice, but I'm a single mom and back in school and have to get in the rhythm of math again. YOU, need to be a Professor. No let me take that back, you are.")
thanks alot for this little session on the SUPPLY/DEMAND curve... i have a Macroeconomics midterm tomorrow and your graph made me understand it more, especially since you used videogames as an example. .. i'm more understanding now and i'm probably gonna do good on this!!! stay blessed!!!
lol i like the vid guys you taught me a lot for my online class because i dont actually have a teacher infront of me it gets tough but the vid was pretty funny and i actually got this shit so thanks for the vid miltown kid
Excellent video. I'm currently studying in advance for my Economics A-Level and this was extremely helpful. Forgive me if I sound naive in anyway, but do these graphs all have an algebraic formula? For example: 2P = $50 or something.
Great work MTK..thanks a lot..i havent studied economics before and i am going to do it for first time in the next semester(I am an enginnering student and we have to study basic economics)..Anyways thanks a lot..:)
Economics is killing me, my worst subject, your vids have helped explain topics and answer some of my questions, thanks! More vids would be appreciated as well.
Loved the video as it has given me a better understanding of supply and demand. I didnt like the guy who was recording it though as he kinda put me off when i was taking in what you were saying. Also what happens when the price goes up...is there anyway you can explain that a bit more for me....love ya...Theresa
man please do more economics videos such as profit max. etc. by the way can u make the topic about what u tell us.like economics 1.1 demand....(in an order)
awesome video!! you should make more of these videos on other concepts of economics!!this made it so easy for me to understand the S&D curve!!thnx man!!
There is a link to your video on my econ course website. I thought you made the supply and demand curve very clear and interesting to watch. Love the enthusiasm. Keep up the good work.
I wish I would have seen this at the beggining of the semester! That was supremely helpful! Please post more vids! Maybe on Aggregate Supply and Demand. I need help with that!! Thanks!
Hahah my economics teacher was lazy and just a funny guy, so one day we just watched this video and this is how we learned the supply and demand basics hahahaa..
what area shows profit on the supply curve??? Could u also explain total revenue and total costs because you made everything else very clear to me, thank you
I was thinking the exact same thing as I was watching this, while studying for a test
I know total Personal Value(which I assume is the opposite of Total Cost) is the area bound from the top of the demand curve to the bottom. So Cost is the upside-down triangle from the origin to the very top of the supply curve. Total Expenditures for demand is the area under Equi price, so that corresponds to Total Revenue, which is the area bounded on top by the equi price,and on bottom by the supply curve
total revenues-expenses-Owner's withdrawal = net income. A-L=E that is when you go deep in details for every institution it is different when you look at their financial statements. this is abroad.
@miltownkid I'm a bit confused too because in my mind if the item is something low priced like a pencil, in order to make money you would want to sell a large quantity of pencils, so it would seem to me that the quantity would go up. Are we talking quanity such as the quantity of the products produced or the quantity of the people who want to produce that particular product?
@miltownkid I want to check if i understand this: we must compare prices on the same product not between different product, and the quantity is the number of people who are interested in manufacturing or investing etc. in that product not how many units (quantity) you would produce?
@miltownkid I want to check if i understand this: we must compare prices on the same product not between different product, and the quantity is the number of people who are interested in manufacturing or investing etc. in that product not how many units (quantity) you would produce?
i thought the exact same thing as first. But you don't have to think of it in terms of a company making "x" amount of profit. A company will always want to make infinite amounts of profit, therefore the higher the price, the more they'll want to sell, so they'll produce more.
@analyzeee@analyzeee because in law of supply shows a direct relationship, as price rises, the quantity supplied rises; as price falls , the quantity supplied falls..
He kinda reminds me of Will Smith
patriciamisslilmex 1 week ago
I'm student teaching an economics class. I enjoyed your video! I kind of thought the camera work was pretty entertaining too, although I guess a lot of people didn't. Bravo, sir!
monroeward 2 weeks ago
explained a lot, thanks .
loverchicksful 3 weeks ago
@loverchicksful No problem.
miltownkid 3 weeks ago
I have finals this week, this was a perfect quick way to get this back into my head. And a lot easier than looking through all of my notes and books! Thanks guys!
hawsiendamom 1 month ago
@hawsiendamom No problem!
miltownkid 3 weeks ago
your explanation is quite misleading and not too convincing and ,in fact you lack the quality of a good lecturer you have tacked a very sensitive and complicated lesson in basic economics ,you didnt discuss well especially where you have gotten the data you should have been presented the whole story which are the table with indicated amount of prices with quantity demanded and supplied quite boring and not convincing you need to master the concept and the principles of law of demand and supply
xralexx 1 month ago
@xralexx I'll keep working on them then. Do you have a better video to point us to?
miltownkid 3 weeks ago
nice video, both educational and funny.ive got a social studies test on friday and was absent one of the days we learned this. ive got a question though. does the supply affect the demand? In the future though, i suggest the camera man hold the camera a little "more" steadily btw- i was rofl when he flipped the camera upside down and you fired him. peace man, -your new subscriber, Jon
jonjonjon1370 1 month ago
@jonjonjon1370 Supply does affect demand. Think about this... This SWEET fucking car is released, but they only make 5 of them. BALLERS around the world want this SWEET fucking car. Demand for this SWEET fucking car increases. The key ingredient though is knowing the SWEET fucking car exists. That's where marketing comes in. They want you to believe the supply is low. I suppose the internal belief of low supply of something YOU want increase YOUR demand. Hope that made sense.
miltownkid 3 weeks ago
@miltownkid makes sense. since there is a low SUPPLY, and the car is nice, everyone WANTS (demands it). Thanks, I aced my test by the way, thanks to u
jonjonjon1370 3 weeks ago
Thug-onomics.......Terrible teacher and cameraman. Did not explain anymore than what can be read in any economics book.
WTF is MTK = More Thug Knowledge?
kellyanne61 2 months ago
@kellyanne61 MilTownKlan, although I like MoreThugKnowledge, that works too. WTF is a kellyanne61? Someone born in 1961 and doesn't understand future technology? Not everyone learns best through books. Pat yourself on the back for being a good little teacher's pet. peace
miltownkid 2 months ago 4
@miltownkid Pat yourself on the back, you are exactly what I expected to comment. Congratulations!!
kellyanne61 1 month ago
@kellyanne61 you're stupid, that's the point! it was funner than reading an economics book. Shows how stupid you are to observe even that much!
MeuExperienciaVital 1 month ago
A Geek from the hood...I like it.
PLMclovin 2 months ago
zomg, i get it
MiAkount 2 months ago
This has been flagged as spam show
action shots o.o hahahah 2:35
pinkpinkey13 3 months ago
action shots o.o hahahah
pinkpinkey13 3 months ago
You guys are ghetto, but I love it! Thanks for the good explanation. Only thing was that the camera man made me get nauseous spinning the camera. But good stuff, guys.
qmpoohbear97 3 months ago
kool dudes
jouvahnie 3 months ago
Great job on this video! You really make it easy and fun to learn haha
joman33333 3 months ago
I appreciate the ENTHUSIASM!
kristiansletten247 3 months ago
Right on MTK!! I've been reading this topic over and over. Thanks for the visual!! I was able to sink it ALL in now!! Thanks again!
btrevino30 4 months ago
Understandable. Thanks !!
Tattoo8732 4 months ago
Salaams,
You're good bro. Well done.
sahibalmusawi 4 months ago
you guyz are the shit!
headlessmonkey4all 4 months ago
THUMBS UP IF YOU WANT HIM TO BE YOUR TEACH !!
froknea 4 months ago 18
@froknea if this guy was my teacher, i wouldn't be looking for videos like this
dillon6913 3 months ago
Sir, this is awesome. Hilarious, but serious too. Sent to Carlo and Taiko. Hope you're well. Keep it comin!! Love it.
budogmk 4 months ago
you explain good.
samsoncj911 5 months ago 9
Thank you so much! It's easy to understand :D
IndianCookie25 5 months ago
to be honest. i just started economics, and i was too worried about it. for the first time , on youtube i went t check economics. i got it. the best video ever. keep it up brothersssssssss
mraussi1 5 months ago
Was an OK intro video until the camera started going all over the place. Recommend a larger white board to draw on, and recommend a new cameraman. While that wasn't enough to click on "unlike," might want to consider a tripod. I liked how the good was "video games."
Klendathue 6 months ago in playlist My Economics Collection
thanks to "Fet system" and this guy for providing free economics notes and lectures
ashleywilson62 7 months ago
Great explanation. Was clear and concise.
eljahsiemallah 7 months ago
Miltownkid; I heard you mention someone named "Bill", then you mentioned the government with regard to the surplus supply. Please kill that Mother Fucker (Bill). There is no way that I'm paying $1000 for an Xbox game.
I liked your vid, I thought it was funny and informative.
Please think about another video on the equations behind the supply and demand curve, could be a good follow on if you have some time for us information freeloaders..... Cheers Fellas!
3P0R2D2 8 months ago
Thanks for the clarification I have my final today and this helped me understand. I think u r funny
jimmymichaels18 8 months ago
This is garbage and noboy loves you stupid gansta' wannabees so shut your mouths before i beatcha up!!!!!! plus its not all good!!!!!!!!! and hey connor
apstephens97 8 months ago
Ice T teaching economics. Cool.
Shukria123 8 months ago
Good stuff. Agreed. A bit silly. Although I would have labeled the price ceilings and price floors accordingly.
bddaawwgg 8 months ago
Good stuff Guys. I agree cut back on the jokes..
Zakeetheboxer 8 months ago
My professor has been trying to explain this to me all semester, and you guys explained it in 6. Keep it up, cut back on some of the jokes. But it's all good. keep having fun with it.
80hester 10 months ago
i liked it but cut some of the jokes...
genius4themostpart 10 months ago
you guys are hilarious and super helpful. its cool that you get so excited about learning lol. i wish you were my teacher!
kathxrynxo 10 months ago
awesome vid keep making them
BOBBYLIGHT123PsN 11 months ago
the camera man is a fucking retard
abdul455655 11 months ago
lets be honest. economics is bull man. its made to be too complicated. people buy low and sellers sell high. what else do you need to know? and if obama tried to lower the price on xbox games, bill gates would kick his communist ass.
AhYaOk 11 months ago
@AhYaOk Economics IS complicated. It wasn't 'made to be' complicated, it's a study of something that was already there, and it's complex.
I never would have expected to enjoy the subject, but I really do; if a person wants to see and understand human behavior, one could do worse than to study economics.
monroeward 2 weeks ago
this dude is f*ckin funny! and helpful too!
aznmeche 11 months ago
takin econ right now <3 ya !!!!!
bekabunnie 11 months ago
tyvm!!! i loved it :P
koreath 11 months ago
he cares for us yayyy
phelansanders 11 months ago
Awesome! You made my day! Thank you :)
90abyss 1 year ago
You just saved my econ final grade.
dr13productions 1 year ago
i wish u were my teacher :)
cascaso1 1 year ago
Your great! finals :(. THANKS SO MUCH FOR POSTING THIS VIDEO! PLEASE please post more educational vids!
supercr1 1 year ago
I don't know economics and haven't taking it before in college, but from the way this guy's demonstrating, it's clear and easy to understand. Now, from what I've seen so far, can I say that any increment in the equilibrium price stipulates increase in supplies and decrease in demand? this is interesting and makes lots of sense. You are good bro.....
marck224 1 year ago
my marketing class had a huge fight over what this meant today. thanks so much for a clear explination!
LiVExLAUGHxL0VE221 1 year ago
DESTROY CAPITALISM
fringeailments 1 year ago
C L E A R.
thanks
rrthedoctor 1 year ago
This has been flagged as spam show
xbox 360 games
rrthedoctor 1 year ago
Comment removed
deeagnol 1 year ago
thanks lol
kittymeow225 1 year ago
ya bro.
TheUsed135Kol 1 year ago
is this a joke?
sethseaman 1 year ago
THANK YOU so much!!! I have an econ final tomorrow and you're teaching things in 6 minutes that I haven't learned in 16 weeks from my professor. I wish you were my teacher.
sfossum87 1 year ago
plz subscribe
harryPotterChannelXX 1 year ago
thank you
alilfireball 1 year ago
Comment removed
lajeclow111 1 year ago
to be fair this guy may look bit funny , but he's way better than many profs in the university probably my teacher is one of them................. i understood alot frm him THNx
lajeclow111 1 year ago
u rock dude! Thanks! But for next time hire another operator! :)))
george820822 1 year ago
good graph, i understand better now from video
1942nuclear 1 year ago
Dude.This is superb!
tharinda07 1 year ago
so cool man, you made it sounds like studying economics was so easy, thanks :)
jhieliciously 1 year ago
I've actually watched a bunch of videos on the supply and demand curve and this is the only one that I understood.
LordPaynus 1 year ago
thanks cuzzin! i'm in a MBA macro class and i needed some brothas to break it down for a me! YEEEEEEEe!
mannyblack 1 year ago
wish you guys were my lecturers!
RichyEs 1 year ago
i ENJOYED YOUR MOTIVATION. KNOWLEDGE IS POWER...BIG UPS!!!
gonecrazy133 1 year ago
Fantastic! been reading for 2 hours and you explained it in 4 minutes! thanks.
topherap 1 year ago
You guys are such nerds! LOL But thanks for the info.
miskittt 1 year ago
great video..... i have my midterm on this tomorrow.... this cleared some stuff up for me
Sarj22 1 year ago
This has been flagged as spam show
FUCK THE LTTE!!!!!!!
I HOPE EVERY SINGLE ONE OF THEM AND THEIR SUPPORTERS ALREADY GONE TO HELL.. AND GOT SKINNED ALIVE!!!! AND GOT TOTURED TO THE MAXIMUM LEVEL... SLOWLY.... I'm really a nice person but what's going on in EELAM.. is just realllly sad... i can't believe how racist and IGNORANT the LTTE is... people are people... no matter what race they are.. we all are LTTE?...
willesdon 1 year ago
To me you look like will smith from pursuit of happiness. You even sound like him. lol
tenman18 1 year ago
You guys deffff get high!
bigvic22sti 1 year ago
Thank you very much for this video, I really understood your explanation of the supply & demand curve. Man, I would pay you to tutor me because you seem to be more enthusiastic than my economics teacher. Furthermore, I hope you continue to make videos about economics.
HuntArthur 1 year ago
keep those videos coming, i like how it's in simple language.
ThePanchu27 1 year ago
"You said mounted" teehee
sapphire776 1 year ago
"you said mounted" teehee
sapphire776 1 year ago
usa genius man! wiseman from the west ;)
Tik46 1 year ago
I have a question for my class.... whats the difference between these equations?
Qd=50-5P , Qs=-10+5P
and
P=10-.2Qd , P=2+.2Qs ... If anyone know this, please get back to me asap, thanks alot
biker52977 1 year ago
GUY!!! YOU ARE "FLIPPIN FRIGGIN FRICKKIN" COOL MAHN!!!!!!!!!
- FIRE MY TEACHER & WE'LL TAKE YOU IN St. John's College!!!!
LilKempy 1 year ago
Classes should be chill but informal like this. I'm sick and tired of drill sergeant teachers.
Weerzer 1 year ago
i enjoyed and understood this better with you. think u need to tutor me more
kyiah69 1 year ago
This video helped explain both demand and supply curves very nicely! I had little knowlage before watching this video but was not confident enough to answer a test question based on it. After watchin the video it is very easy for put it all together. Thanks for the vid bro.
lildawgryan 1 year ago
this was a really helpful video! i totally wish you were my economics teacher!
billytalent42 1 year ago
Oh my goodness. I need you. I am definitely going to hit you up in the mornin. It's Saturday and I'm feeelin nice, but I'm a single mom and back in school and have to get in the rhythm of math again. YOU, need to be a Professor. No let me take that back, you are.")
businessonlymusic 1 year ago
thanks alot for this little session on the SUPPLY/DEMAND curve... i have a Macroeconomics midterm tomorrow and your graph made me understand it more, especially since you used videogames as an example. .. i'm more understanding now and i'm probably gonna do good on this!!! stay blessed!!!
hottwheelz85 1 year ago
this was great, thanx
eward08 1 year ago
Thank you so much! I was trying to get my head round it, and you made it clear, you are an economic god! :)
vishminator 1 year ago
don't worry everyone should be able to understand it
should have added some complex shifts
social3ngin33rin 1 year ago
i actually got more out of this 6 minute video then i did in my 50 minutes economics class.
brackattack22 1 year ago
lol i like the vid guys you taught me a lot for my online class because i dont actually have a teacher infront of me it gets tough but the vid was pretty funny and i actually got this shit so thanks for the vid miltown kid
steveflamino 1 year ago
ok i hv alot of question and i wanted to ask u do u hv email.
soccer204 1 year ago
a better explanation of the demand/supply curve then any college professor ive ever had.
OverTheCounterIntel 1 year ago
yes,fire that asshole!!
leomend92 1 year ago
Great video!
dhull111 1 year ago
This has been flagged as spam show
now please explain the formulas for finding the demand and supply curves
jaha303 1 year ago
now please explain the formulas for finding demand and supply curves
jaha303 1 year ago
Excellent video. I'm currently studying in advance for my Economics A-Level and this was extremely helpful. Forgive me if I sound naive in anyway, but do these graphs all have an algebraic formula? For example: 2P = $50 or something.
xiFLaWLeSs 1 year ago
I love uuuuuu.Lol,ur so good
HuysLuys 1 year ago
all kidding aside, you did a good job explaining a surplus and a shortage. thank you
KhalifaFan420 1 year ago
thanks this was very helpful
immaculent 1 year ago
Great work MTK..thanks a lot..i havent studied economics before and i am going to do it for first time in the next semester(I am an enginnering student and we have to study basic economics)..Anyways thanks a lot..:)
jaganjacobjagan 1 year ago
Now please explain elasticity!!
fejjarific 1 year ago
Crystal Clear! Amazing!
directoradk 1 year ago
I would like such a government
fallingdutchman 1 year ago
thanx you are kind
hnnuny 1 year ago
what....what this is tellin u is......what this is telling you is. lol nice one man funny and informative
OBLIVIATOR87 1 year ago
Great explanation.
Pinoyako11705 1 year ago
Economics is killing me, my worst subject, your vids have helped explain topics and answer some of my questions, thanks! More vids would be appreciated as well.
ledzeppelinlover20 1 year ago
This is good man make more pls iam dieing in economics atm
massacrelord 1 year ago
Loved the video as it has given me a better understanding of supply and demand. I didnt like the guy who was recording it though as he kinda put me off when i was taking in what you were saying. Also what happens when the price goes up...is there anyway you can explain that a bit more for me....love ya...Theresa
csigal43 1 year ago
man please do more economics videos such as profit max. etc. by the way can u make the topic about what u tell us.like economics 1.1 demand....(in an order)
thanks again
cinaralis 1 year ago
Please make more video's..explain about pice elastiscity??
Krishanvinoth 1 year ago
Comment removed
willie2242 1 year ago
Hey Grade 9 class it s joel :D YES JOEL bISHOP
offensivebackofyear 1 year ago
damn! I LUV how pumped you are
JacksOLantern 1 year ago
explained it better then my economics teach who is supposedly and "AP test reader"
Firstworldleader 1 year ago
@Firstworldleader You spoked good englihs
lEnViouSl 1 year ago
This is really great. Thanks heaps guys! = )
HSCMNGBCK 1 year ago
really well done guys, i got a bit of a laugh from the "action shot" and ur excitement and i picked up a few things too :)
arsenal0312 1 year ago
thank u, this is awesumness
FanzieBaby 1 year ago
I think you explained it well, but PLEASE get a new camera man..
exeacute 1 year ago
loved this. i finally understand. now for those curved graph things
terminator0271 1 year ago
bad camra movement.
sandrinekows 1 year ago
great explanation, you guys were drinking beforehand though
right?
DesertedBaby 1 year ago
cool
hnnuny 1 year ago
awesome video!! you should make more of these videos on other concepts of economics!!this made it so easy for me to understand the S&D curve!!thnx man!!
deedledum10 1 year ago
YOU ROCK!!!
burnsbowman507 1 year ago
could you explain how the actual supply or demand arrows shift? and go in depth with the factors of Δ of S and D
firemanhalo 1 year ago
nice work guys
GSRCivic 1 year ago
this helped me out so much...u should do some more vids like these!!!
johnpsmith84 1 year ago
woooa bro thats one class in 6:32 minutes thanks that helps me alot
ducazaro1 1 year ago
great
clever50 1 year ago
Your some funny guy. good job explaining it too.
leonmegerdichian 1 year ago
This video totally just saved my ass
Lancastersilk 2 years ago
thx ma man !
dontknowwhatisgoing 2 years ago
I'm currently studying microeconomics myself. Nice graph but man, are you on dope?
Bewaretheliving 2 years ago
Great! Thanks.
dianbra 2 years ago
yo this the best explanation I have seen and i finally get this, nice vid. and you sort of remind me of will smith a bit
xXDeckofCardsXx 2 years ago
thank you very much...
yukoopdawood70 2 years ago
OMG...this is the first time I have actually understood this!!! Thank You...
kimfran11 2 years ago
really really funny and amazing tutorial
kashifundlas 2 years ago
There is a link to your video on my econ course website. I thought you made the supply and demand curve very clear and interesting to watch. Love the enthusiasm. Keep up the good work.
silver1909 2 years ago
I wish I would have seen this at the beggining of the semester! That was supremely helpful! Please post more vids! Maybe on Aggregate Supply and Demand. I need help with that!! Thanks!
kristenhuy 2 years ago
thanks, lol i gota exam in a hour
studentbrown 2 years ago
heyyy man..thanks alot...i didnt think anyone would have this up :L:L it really did help, just needed to go thru it again bcoz ive an exam today lol
kylezpottzrap 2 years ago
Nice work! I'm going to use it with my high school students!
wattyler1 2 years ago
at 5:03: "at $10...fucking...now all the games..." Hahaha
mediblue9 2 years ago
Wow, man!!! Your video helped me understand this stuff more than what I have learned in the whole semester, so far!!! Thank you so much!!
-R
Robert318i 2 years ago
Wow dude that was gr8 its made me more clear about economics demand and supply
grimreaper891 2 years ago
@30mmavenger
start it at about 4:10, thats what a price ceiling is.
sleepingugly22 2 years ago
lol Great video!
ForFinancialFreedom 2 years ago
Hahah my economics teacher was lazy and just a funny guy, so one day we just watched this video and this is how we learned the supply and demand basics hahahaa..
It was great how you slipped the "fuckiiiing" in.
Hilarious video man
lilticklez 2 years ago
this guy looks like will smith.
ARom101 2 years ago
what area shows profit on the supply curve??? Could u also explain total revenue and total costs because you made everything else very clear to me, thank you
bigtonto0131 2 years ago
I was thinking the exact same thing as I was watching this, while studying for a test
I know total Personal Value(which I assume is the opposite of Total Cost) is the area bound from the top of the demand curve to the bottom. So Cost is the upside-down triangle from the origin to the very top of the supply curve. Total Expenditures for demand is the area under Equi price, so that corresponds to Total Revenue, which is the area bounded on top by the equi price,and on bottom by the supply curve
Pezdetz666 2 years ago
total revenues-expenses-Owner's withdrawal = net income. A-L=E that is when you go deep in details for every institution it is different when you look at their financial statements. this is abroad.
Pepelectro 2 years ago
good video!
sequestial1 2 years ago
awesome teaching !! the way you put it into words makes it easy to understand ... do more! ... like price ceiling and price floors, elasticity, etc
30mmavenger 2 years ago
holey shit
u just blew mi mind !!
u shud b a teacher bro.
u also remind me of will smith
:P
syptic97 2 years ago
I wish you were my Economics teacher.=D
Trigs00 2 years ago 11
to analyzeee:
a price increase means that its more profitable for a company to supply a given item, therefore as price increases, supply goes up
tutoringecon 2 years ago
why supply increases with price increase??shoudnt it decrease when price increase
analyzeee 2 years ago
The supply increase when price increases because more people will start making to product to get the benefit of the higher price.
Would you rather make cookies when they're selling for 50 cent a piece or for $5 a piece.
miltownkid 2 years ago
@miltownkid I'm a bit confused too because in my mind if the item is something low priced like a pencil, in order to make money you would want to sell a large quantity of pencils, so it would seem to me that the quantity would go up. Are we talking quanity such as the quantity of the products produced or the quantity of the people who want to produce that particular product?
gr82bmissy 1 year ago
@miltownkid I want to check if i understand this: we must compare prices on the same product not between different product, and the quantity is the number of people who are interested in manufacturing or investing etc. in that product not how many units (quantity) you would produce?
gr82bmissy 1 year ago
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@miltownkid I want to check if i understand this: we must compare prices on the same product not between different product, and the quantity is the number of people who are interested in manufacturing or investing etc. in that product not how many units (quantity) you would produce?
gr82bmissy 1 year ago
a price increase means more profit for a company, therefore they want to supply more
tutoringecon 2 years ago
i thought the exact same thing as first. But you don't have to think of it in terms of a company making "x" amount of profit. A company will always want to make infinite amounts of profit, therefore the higher the price, the more they'll want to sell, so they'll produce more.
DTNRom88 2 years ago
@analyzeee @analyzeee because in law of supply shows a direct relationship, as price rises, the quantity supplied rises; as price falls , the quantity supplied falls..
laurenceabastas 1 year ago