Demand and Supply Explained- Macro Topic 1.4 (Micro Topic 2.1)

Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk

Check out the Ultimate Review Packet for FREE

Supply Video

Video Explaining Shifting the Curves

Learn it by watching Indiana Jones

[dm]

I wish all teachers had the same enthusiasm and passion for teaching as you. It makes it easier for us students to understand and comprehend the material. I can tell you love economics and love teaching students about it. I have a macroeconomics exam coming up shortly and your concise videos have taught me more about economics than my professor has in 3 weeks of 75 minute lectures. Please continue to do what you are doing. I love it.

[jacksonkustell]

When school starts, the demand for these videos increases

[mohsiniqbal]

In under 7 minutes, you've done more for me than my teacher has in 4 weeks, no joke.
Thanks it helped a lot.

[calebsayer]

This dude literally taught me everything I need to know about Microeconomics and I got a 99.7% in the class just watching these videos, and reading my class book.

[Thegooob]

This man was one of the Econ teachers in my high school. Awesome guy I heard. I remember when he left the school to start this channel, didn’t know at the time why he left. He sure made the right choice!

[prmsolver]

This guy is the reason why I passed my economics unit at Uni!

[devinroussell]

The best feeling is when you watch these videos and then be like that makes sense”.

[skylarkulas]

who else was assigned to watch this video at home for econ because your school closed for corona

[jakjnb]

I am paying so much money for this class in college.And he explains everything so much better than my professor. Too bad I found you right before my test, but I know ill ace the rest of the semester with these videos.. THANK YOU !!!

[yusufkailanimohammed]

thanks a lot for this video. I've always looked dumb whenever the teacher is talking or explaining a thing in my first youtube comment goes to you... thanks a lot

[Mohdzn]

Sir you have just covered up 3 hours of my lecture in 7 minutes, what a LEGEND. thank you

[sepononomaruma]

I didn't major in economics in high school and now I'm studying it in varsity- I have been stressing until I saw your videos.Economics it's now my favorite module and I'm even able to explain to my friends.. Thank you so much

[gabbyavery]

You my friend, have just saved my AP Econ grade (and probably will for the remainder of the year). I am eternally grateful.

[cavemancult]

"that sip of milk is delicious, cold, refreshing" - Proceeds to hesitantly drink it in disgust lmao

[jashsomayya]

You should add Trash effect
Basically, when your economic teacher is trash, the demand for your videos increases

[leonardoyip]

I wish there were more people like you doing these things. Like for other courses: chemistry, or physics, etc. This is absolutely amazing, helps so much

[jaisonjacob]

Sir you amazing, in India we regard teachers like you as god (literally) please do continue to make such videos as it inspires and solidifies our concepts. Thank you again.

[eighthcharmer]

Theory: They haven’t given him water or food for days so they give him milk but he’s lactose intolerant

[CataclysmicPranks]

what if he was comparing tequila's

[CarlosSanchez-uccd]

I learned more by watching this 7 minute video than my Econ Professor has tried teaching us for the past week.