Introduction to Perfect Competition

Visual introduction on the concept of perfect competition. Tutorial includes discussion on profit, lost, marginal cost, average total cost and variable cost. This topic is typically taught in microeconomics.

Link to Playlist on Perfect Competition

[radhapatel]

I spent literally 8 hours studying this from my econ textbook and you still explained it better in 8 minutes

[jurkevichegor]

After all these hours reading lectures and watching khan-academy i found a perfect explanation of the topic at your channel, nice job!

[vincentkayijuka]

Great use of graphs to simplify concepts that look very difficult in textbooks. I hope you do the same for the main economic concepts. Kudos!

[lindawisebear]

You explain everything so clearly and succintly - keep doing what you're doing because it is SO HELPFUL!

[ruchigoley]

Sir I am an Indian and your pronunciation is so good that I could understand your lecture very interestingly and carefully. Thank you

[christinahyman]

This video perfectly explained Perfect Competition in less than 10 mins. Thank you!

[SamirHossain]

Finally an explanation worth listening to and understandable. Thank you so much. 

[sinamen]

omg thank you!! the struggle has been real but this was so clarifying, thank you!!

[Keezie]

Geesh, I am studying for my final, which is a few days away. I wish I had found this earlier but I am finding these videos very helpful! This is the first time I feel like I understand Economics. I was feeling so hopeless before. Now, I think I might have a chance to do okay on the exam.

[YoriNguyen-ig]

Dam! Easier to understand than hearing my teacher for 1 hour and a half :))

[DannyMLT]

Im in my 3rd year degree from LSE (london school of economics) .. I find the text book write such simple analysis in the most complicated way's... Your videos are enough for me that I did not need to attend any lectures... Honestly.. spot on ! Thanks so much .... Just another point, maybe you could have drawn the Industry demand & supply curves and how they link to the Individual curves, could make the explanation easier to understand :) Thanks again !

[haiyentran]

thank gods, finally i understand why produce at P=MR =MC is max profit. thank you a lot, My worthy 8 mins

[Siouxjin]

Holy smoke!
Great video, thank you economicsfun and God bless the internet!

[economicsfun]

@shinenot More to come! Appreciate the feedback.

[economicsfun]

While the tag line is "party more study less" the idea is to help students do something other than study. It could me rock more study less, dance more study less... so on and so forth.

Make sure you like MyBookSucks on FaceBook, you can see the link in the video description. This will help me spread the word about the educational videos.

[souechea]

these videos very helpful and understandably rather than study with my non-experience teacher.   Thanks for these video

[Vc-pqnf]

just logged in to say a massive thank!!!!

[economicsfun]

I added a link to the playlist in the video description. This should help you.

[Hollylovesbeauty]

Where have you been all semester? Watching your videos and preparing for my final. Great video!

[economicsfun]

You are very welcome. I have maintained that economics lends itself to animation.