cross elasticity of demand

[Fjatstrom]

Great job!

[EZEJFKEZE]

Thanks a lot for your work!

[Bejon11]

You are worlds fastest writer. Great videos by the way!

[ehtesham91]

lol @ his fucking funny expressions :D

[thesweeetscent]

can you please make videos on marginal benefits and marginal costs?

[yophuu3]

Nice.. thanks sir :)

[igorsk19]

I saw a lot of your videos, and i saw that they are mostly from 2008. I hope you will continue to make new videos, because they are extremely helpful and amazing!

All the best sir! I wish i had a teacher like you!

[bdwagna]

Mr. Holden, you're great. Thanks from Utah, USA.

[ElleriMary]

thank you thank you thank you <3

[Cr4zyBeaut1ful]

thanx so much ,, u r n excellent teacher

[anitharamalingam69]

excellent teaching Sir. Thank you!!

[NeverCameBefore]

thank you sir.was very useful.

[prosperity1313]

I need you to call my professor and tell him that he needs to give you his paycheck. I got in about 15 mins. of three of your video in comparious to three hours now trying to understand my teacher notes, powerpoints, sad

[ezzet1]

GUY IN THE VIDEO

Y U NO MY TEACHER!?!!1!

[CIsabelle0594]

Thanks a lot Mr Holden for uploading these fantastic videos!! You're a great tutor!!!

[JasonSlaterr]

LEGEND! Got my exam tomorrow...this helped a lot

[methadon2000]

@JasonSlaterr ME TOO!

[HugeDeek]

I don't know why I have to spend so many weeks and going through so many tutorials and lectures for a single topic when it can be summed up in 5 mins... Seriously? Walking to lecture theatre already took me 15 mins.

[thisarawt]

you saved me from failing economics!!!!!!!!!!!!! thanks a lot!!! i owe u a lot!!



[pokhareliist]

u are a fabulous teacher ,,,

[ellessedawson17]

wow, thankyou, all of your videos are a real help :)

[Jas0nP2]

Thank you for all these videos. I'm studying externally at UoL which just provide a reading list and exams and these videos are a great supplement to my studying. Plus you explain all these concepts better than my textbooks.

[SingerTiana]

Market Failure and Government Intervention next!! Please and Thankyou :)

[camroberts1]

is it possible to have an advertising elasticity of demand, - the effect of advertising for a good on its demand??



[pajholden]

@camroberts1 Yes - sensitivity of demand for a good to a change in advertising. And how about 'weather elasticity of demand'. Umbrellas would have high weather elasticity, though computers would exhibit weather inelastic demand!

[omgicantbit]

@pajholden so can the number be anything from 0 to infinity? Can you have an XED of 10? Or is there a maximum value of 1?

[Hadrienvonnawak]

thanks a lot for these videos..

[jasmine1370]

thnk u soooo much for these videos .. you are a great . you explain very well i understood it now .. earlier i was so confused .. thank you ...

[TheCHTheory]

Thanks so much for uploading these videos. Not many teachers would take thier spare time to help others, and in such an accessible medium. It shows that some teachers care about the education of students and arnt just showing up for the money. It restores my faith in humanity. ha.

[1nwo1]

you are pure awesome

[GloriyaDraganova]

thank you so much i undestand it now :) but can you do a calculation on goods which are compliments please? I understand the calculation for substitutes but I'm not too sure about the calculation on complements...the only thing I know is the the ending value should end up with a minus sign right?

[99papasmurf]

you are sooooooooooooooooooooooooooooo­oooooooooooooooooooooo AWESOME!!!!! All my friends watch your videos, it makes life so much easier.. thank you!!!

[MrYungrebel]

If you were my teacher, id take economics every semester! Thank you so much, you have no idea how many students find university easier once they watch your brilliant videos.

[janjmaki]

jerijagjanryyyyy love u!!! jooobs

[mandy9684]

Hi, Mr holden, your videos are clear and easy to understand. I appreciate the time you take to make these videos. They really helped me a lot:)

[tr77777]

Mr Holden yet again clear and concise, i wish all of my economic lecturers in Australia didn't have English as their third language. Thanking you sir.

[SirAbdulle]

wow mate, your amazing!

Can you make videos on Producer Surplus?

[brownbutterfly31]

Up until this point, I thought I was loosing my mind in reading about this particular subject. Thank you so much for clarifying. I understand now!!!!!!!!!!!!! Come on midterm! I'm ready. :-)

[SheVooZaXoo]

UGHHHHHHHHHHH WHY UR NOOOOOT MY TEACHER :"""(

[PaulyCesp]

You are an excellent teacher! I wish i could've been your student, at least i am through here :3.

[anuer]

these videos have been a help for me and my basic grasp of economics for the last 3 years, i really appreciate it

[mgreen520]

I've been watching alot of your videos to help me study for my Economics exam this week. They have been immensely helpful, thank you so much from Australia!

[j6216]

Great videos,, really helps me and my AS work :)

[youngshyalee]

Thanks alot!!! KEep Going!!! U r the best :)

[thefootballmaestro]

YOU ARE AWESOME. ive been taking economics for like a month now, and im getting such high grades thanks to you. :)

[WHHB1223]

There is a book called Economics (creative, I know -.-) by McConnell, you think you could follow that curriculum? I desperately need to pass Econ with an A! p.s. lovely British accent.

[Sumosak]

@WHHB1223 the vids were made in 2008 man...i have the same book and this follows relatively well, you just have to skip around to different vids to learn everything. its working for me so far!

[PandukaTV]

brilliant video, great explanation

[desmoface]

Thank you, Sir. Great tutorial.  I could find nothing in my text that explained it as well as you did.

[Karime18]

Thank you! you have no idea but you made this so simple to understand! keep on posting anything related to Economics really. It's REALLY helpful! thanks again you are a good teacher.

[vikram1999ify]

really good. you're also quick to complete the drawing diagrams which does not break the 'link' for us especially since you keep talking relevant things. Also, when you do negative reinforcement, that is, tell us what is a 'not', it helps clear some muddles in our mind. Superb!

[vinnow98]

Thank you. I needn't say more.

[harsh231]

Thanks a lot!

[JRD123456]

Thanks for the upload, nice video.

[swartzbay30]

Thank you very much, I have a midterm in a few hours and didn't completely understand cross price elasticity of demand but this was a great video to help assist my understanding. Very well said and good catch when you said the change in price of Pepsi increases the demand for Coke.

[iwouldwalkonwater]

you are a brilliant web teacher, thank you so much:)

[raptor6400]

great job on the video.. thanks for simply giving examples and pointing things out. keep going

[0625153544]

great video! thank you very much!

[wings911onfire]

Hi Phil this is the first time im studyin economics in open university i was a science student and everything just flies over my head..Ur way of teaching has really helped me miles,i can actually realte these videos to my everyday life and alot of sense of awareness,i think u should start ur own webiste with all the videos in it

[wings911onfire]

Hi Phil this is the first time im studyin economics in open university i was a science student and everything just flies over my head..Ur way of teaching has really helped me miles,i can actually realte these videos to my everyday life and alot of sense of awareness,i think u should start uit own webiste with all the videos in it

[laraboydx]

hey

 is there any chance you could do a video on the budget line and the indifference curve? also maybe the liquidity of money and the reserve ratio?

thanks

xx

[mayank230189]

great video, short and sweet. thank you sir

[pharmalokd]

my prof is retesting us on this particular principle on next exam because so many people got it wrong. i was one of those people. lol. now i should be able to understand his questions much easier. thank you very much, sir

[gitu4211]

u r great .....



[adelaide711]

Thanks

i have got an exam this month would u please do it for me plz:)

i will be really HAPPY

[cozemel]

thank you so much! I learned more in 13-20 minutes than I did in 5+ hours of lecture! Can you do a series on Game Theory? I didn't see one posted ~ that would be great!

You should do tutorials on teaching Econ professors how to teach!

[iiiiiiiii55555555555]

please could you do a video on substitute and complement goods!! you summarise so concisley

[ThePRTYfavours]

Studying for my final for two days and I just learned more in 5mins from you. Thank you very much, I hope the markets treat you well

[Tosnel]

This man is just too good, hope all lecturer can really be calm like him when teaching student.They forget student still have their brain infant. Hope he makes more video relating to further economic. he is still the best vote on web keeeeeeeeeep it rolling SIR TOSNEL

[soniablaid]

Hello, I am another new fan! I can't believe all the money I'm paying for this class (ECO550) & I'm not learning a thing! I listen to your video's and they are so helpful & amazing! Thank you for your help! Please don't stop helping poor souls like me, I was hopeless! Thank you so much!

[krugermark]

Hi Phil,

I just discovered your videos yesterday and find them absolutely invaluable. You are a very gifted teacher! I have just started studying at LSE with no economics background. I don't know if you are still doing these videos. Would you consider doing something about the Hicks/Slutsky approach to price and income effects?

All the best,

Mark

[timmy1606199]

I only have one question: who exactly is clicking "dislike" for your videos!?

[xxxSaskia]

What a lovely man you are !

[Bowdify]

Come live with me

[1348577]

I agree with 100992th, please visit other colleges as well...My teacher is like a sleeping pill. He starts talking, and I fall asleep....PLEASE COME TO MY COLLEGE!

[outloud16]

My economics professor LOVES your videos. He links them all to his website so we can see them too! VERY HELPFUL! Thanks for all the hard work!:)

[mcmoorejones]

Already 350 positive comments on this video, but I really just wanted to say again a huge thank you for all of your videos. Your teaching style and manner is just absolutely brilliant, and I don't think anyone else could explain these concepts as well as you do. Keep it up!

[AhYaOk]

Thanks sir. You are cool.

[dominicanshy]

Paj Your are real good at explaining. I am currently taking Micro so please post as many videos on this subjject so i can watch your videos instead.LOL

[zeeshanscorpiolive]

i live in pakistan ut i love ur videos becuase u keep them very simple ..

[mrb8031]

Your videos are great. I have watched all of the elasticity ones in the past hour and now I fully understand. Your work is great, you taught me something in 1 hour that it took my teacher 3 weeks to try and do. Great work keep the videos coming!

[aeconomm]

Amazing work sir,your videos are totally beneficial.Thank you!

[phinchampagne]

thanks for being my web prof!!

[nation360bd]

i have to admit you are the best web teacher i have everseen. pls keep up your good work. im really impressed and hoping for more videos

[dara1rock]

NUMBER 1 WEB TEACHER!

[Mega5984]

u r awesomeee ,, keep going ,, great work and plese upload videos according to cie syllabus :D cambridge board....!!!

[syazrell]

U r the best :)

[Truthpolice9698]

I totally bombed that one when I was teaching it for the first time. I mean completely bombed it.  You do so much better!

[trinisweet1]

YOU ARE REALLY A GREAT HELP TO ME...THANK YOU, THANK YOU, THANK YOU!!!!!!

[SOPIAN442]

Great Job. Keep up the good work! Thanks & well done.

[CrappMoStank]

I wish you were my teacher!

[syazrell]

@CrappMoStank :)

[PianoHero01]

very impressive!! I wish your video-classes could count as credit hours for my school

[wasantha78]

add more and more micro economics vedios!

[wasantha78]

Thanks,It helped me lots to refresh my memory before the test tomorrow.

[rockyrock12346578]

sir how to represent this equation on the graph

[TheNinnalo]

Thank you so much, your lessons are really helpful!!!

[geehteh]

your really good thanks alot

[ediyfcn]

Sir you are excellents.... Im a CA student in Pakistan. Your work is brillant..

[ediyfcn]

Sir you are excellents.... Im a CA student in Pakistan. Your work is brillant..

[FrostLaura]

excellect video thank you for your help!! helpfuly even at degree level

[babymamadrama101]

you're awesome!!

[alexmiom]

thanks man, mock in a few days and this really helped!

[abeoye111]

you are the a GOD!!!!

[holamellamobob111]

thank you so much for these videos, in two hours i have my exam and i am really happy bcause now i understand it!!

[OopsFailedArt]

Thanks for this video, you're an amazing teacher.

[SgtJoester]

You are the KING! Thank you so much!

Is there any chance you can do: Market failure- Merit and Demerit Goods - Diagrams? They are so hard to learn!

Thank you again!!!!!

Joe.

[Rambo7787]

hi just need a quick response to help me with my AS level work.

do you refer to the value as inelastic/ elastic or just say how strong the relationship. for example if the cross elasticity was -1.4 would you refer to this figure as cross elastic demand ?

huge thanks if anybody can answer asap :)

[pajholden]

@Rambo7787 With XED we merely refer to 'strong' or 'weak' relationship (whether substitute or complement). The divide between strong and weak cannot be precise. Personally any number greater than 0.5 is starting to be a 'strong' relationship (again whether - or +) and anything less is weak. Your example of -1.4 would indicate a very strong complement relationship between the two goods in question; literally a 10% rise in price of one would lead to a 14% fall in demand of the other! Cheers!

[Rambo7787]

@pajholden Thank you very muchh you have cleared any doubts i hadd:)) much appreciated

[100992th]

You're a legend. It took my teacher 45 minutes each to explain this, YED and PED, and still only half of us got it.

Come to my college please :D

[1348577]

@100992th Same here!

[pattyrodriguez2]

@100992th No! come to my uni!!! lol Seriously!!!!

[Xplosiv3s]

this guy is better than chuck norris

[okarokar]

Videos are great amazing. thank you a lot.

[arsenalmanz]

@okarokar DEFFO!

[iluaeflk]

amazing stuff

[titleistD2]

You're awesome you make micro economics interesting. You make it easy somehow. Thanks again

[habi9b]

u just the best ever. thanks a lot it has helped me tonsssss

[gingeeerx]

we watch you in econ today.! :D 

[Bigheadet]

a new deity.

[blackholeinsideofme]

This has been a great help and its my first time learning Economics this year for A levels. Thanks.

[mamba1066]

Whn you cleand the board i frst thought that was some kind of techno music startd playing sounded like that haha ;)

[PlayElectroBreeze]

Thanks a lot !!! More benefit of watching your videos than listening to my teacher !!

[lettre5]

This is great



[kashykeys]

love your videos!! Thank you!

[metoi245]

this is great.thanks a lot

[StephKC14]

This video really helped me a lot..thanks alot..

[ashuascent]

brief and well explained.....thanks!

[MsAdelaide1]

Thanks very much ...u have got a natural talent i have learned a lot.

And to just let u know i waz recommended about you by another fellow student.

[ksolemon]

Thanks a lot!!!.

[ksolemon]

That is Awesome, Learned a lot!!!! Thanks for your selfless act

[candecedavies1983]

What a great lecture. You are brilliant. Thank you so much

[ferbatzer]

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[zillaahmad]

Can you explain Price Floor and Price Ceiling?

[zillaahmad]

Can you explain Price Floor and Price Ceiling?

[memissya]

This was so helpfull,100 pages of my book I've just learned.Thank you

[cuzr4fun]

excelent A+++

[Cobrauh]

Cheers....good video. Clear, precise, and educational. Thanks

[hanbr196]

thanks phil. love your work long time. keep it up.

[lilsw33tpanda]

nicely presented prof... =)

[semonia100]

Very good..........quite easy to understand

[FallenOneWingedAnge1]

Thank You.

[estefaniarueda]

thank you so much your so kind! i have a mid-term coming up and all your videos have helped me lots. what i learn here in 5 mins is what my prof tries to teach in an hours

[dodo30031994]

congratulations for your whiteboard!! your videos help me a lot in economics HL! Thanks!

[Sweden8990]

Thanks! This has really helped me study for my econ midterms!

[rliao22]

simple clear effective. thanks

[mini1598]

i really want to understand why is important for firms to understand the concept of PED, YED and XED

[ny1fanta]

One question, my prof told us if x and y are substitute E(q,p) - 0, and if less than 0 they are complements

[gabiEylem]

woow very good videos!! thank you so much!

[pwalsh2787]

wow.... SUNY YouTube

[jesilaine78]

Thanks so much....I am taking a graduate level Healthcare Economic course online and I am a nurse.....don't know anything about economics. Without your videos...I would have failed several assignments already! Thank you! Also....we had a question: Compare and contrast the goals of producer of health commodities vs. a producer of non-health commodities. Could be a good idea for another video. :)

[mia86p]

i've spent hours on lectures and asked the teacher and still it was complicated. You made it easy and fun :) thanks a million

[fishthing12]

2 dislikes are college dropouts

[seiyastarfighter]

Really really good job! Thank you so much. Belize

[rmunwod11]

Thank you. I have found you to be the most informative speaker on the subject that I have found. I agree, more is packed into 6 minutes than an hour in the class room. Please keep it up.....!!!!

[sanju0202able]

ur doin a great jobb sir........ad keep uploadin new videos .....soooo important!!!!!! tnk you!!!! <3 

[hypemix]

you are awesome!

[crusn16]

I just spent an hour going through my CFA book and microeconomics book to get a Firm understanding of Cross Elasticity of Demand, and you explained it more concisely and clearly than I could have ever imagined. THANK YOU!

[cherry91819]

THANKS!!! i can't believe that youtube is the best means of learning economics!

[teejmd91]

thanks mate, appreciate these videos as a student in Australia! great effort

[rahulsinha07]

Please keep uploading videos..

[pavikum1]

thanks it was realy helpfull for me . but i am not clear about substitutes and complements. will u help me plese to make me clear.

[rahulsinha07]

Great explanation.. I hope u come up with other concepts too... U doin a great job..

[ThnkOutsdeDBox]

Made that so much simpler than my current prof! Thank you!

wow I wish you were my professor! Your explanation was so clear, I wish my professor achieved that in 3 hours of lecture!

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