In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries.
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OK
6:33 nice joke now shut up
You guys really are the best i so understand this topic now just in 10 mins wow
Fcuk i slowed downed the video to x0.75 to understand these rappers
Adrienne Hills is sooo cute
I can't get myself to study for my econ final I always end up watching Netflix so I figured these videos are fun let me just with these, hope it will help me.
You are too fast can’t you explain slowly?
They do be lowkey representing capitalism as your way out of problems, i mean the tone of their explanation.
UNI!?!?!?TRIGERD
BaBy LeGs aRe tHeY gOnNa EaT eM?
"Government regulation is sometimes necessary?" The Austrians would like to have a word with you
BEST SERIES ON ECONOMICS OUT THERE!
MY FAVORITE CRASH COURSE CONENT! THESE TWO ARE SO ENGAGING AND FUN TO WATCH!! LOVE THE EXPLANATIONS!!
This is actually very useful. I love watching this kind of video. 😀
I really like the graphs they look just nice and are easy to understand. Also your speach is very clear, just like you dont eat words or mumble Them. The only thing I dont like is, can you switch the diffrent parts of the topic not this fast?
Who else was surprised by the sound of bombing?
IT'S A BIG DAY
Anybody watching this before the ap
exam today?
the guy is terrible. he speaks to fast with really bad annunciation. Please replace him
This video was made for 3rd graders and where I'm from 3rd graders don't study economics. Good teaching but cringe af
Those who can't even respect food (she threw off strawberries as if it's some crash) .. can't even tell whats supply and demand..
she said the maneger could be a she hmm karen?
who is forced to watch this for homeschooling because of the covid-19?
Who is here to learn econ for fun and curiosity and not for school?
College here I come
Shifting the lines diagonally when they say “left” is visually confusing for a lot of people trying to understand this. It’s clearer if they are actually shifted left (or right) and then get rid of the parts of the lines that extend past the graph arms. I know it’s the same result, however, I found from tutoring this was a stumbling block for people. They’d be frustrated because it was an easy concept and they couldn’t get it until I showed them it is a left shift, not a leftish down, southwest along the supply curve shift.
You speak very quickly 😣
Is DFTBA an ad??!
1. What do most people take for granted? (0:15)
2. The key to markets is voluntary exchange. What is that? (0:57)
3. According to voluntary exchange, if a lifeguard takes a job paying $12.00 per hour, what must be true? (1:28 / 1:36)
4. Markets are very good at allocating scarce resources toward what? (1:59)
5. Markets generate information that guides buyers and sellers toward what they should be buying or
selling. (2:21)
6. How do markets encourage suppliers to provide high-quality goods? (2:33)
7. There are two conditions that make it hard for businesses to take advantage of people. Record at least one of these conditions. (2:50)
8. Every dollar spent signals two things to producers. What are they? (3:06)
9. If there’s only one thing you should learn in economics, what would it be? (3:25)
10. What is the law of demand? (3:50)
11. How do demand and supply curves slope? (4:11)
12. If the price of an item is high, there is likely to be what economic condition? (4:17)
13. If the price of an item is low, there is likely to be what economic condition? (4:26)
14. What is an equilibrium price? (4:35)
15. What store was discussed as being a place where price has nothing to do with realistic economics? (4:56)
16. Something like a change in weather will typically shift which of the curves on a crop’s supply and demand graph? (5:29)
17. What four things can happen in a market to change the price of a good? (5:44)
18. Suppose the price of oranges falls, so the government pays money to orange farmers to help them out.
What would be the usual view of an economist regarding the government’s decision (6:28)
19. What product was mentioned as example of a good with a lot of price volatility — the price changes all the time? (6:48)
20. If the supply and demand curves both move due to market conditions, what will move with them? (7:13)
21. What two examples were given as goods for which the free-market approach has serious problems?
(8:00)
22. If you could sell human hearts, what would a criminal be motivated to do? (8:15)
23. If you could solve some problems with a market approach, but a completely free market would cause other problems, then what kind of market should be established? (8:36 / 9:03)
24. Why are the laws of supply and demand not absolute laws like the law of gravity? (9:32)
Ive started to watch this course of economy 'cause really need to understand it and also 'cause its look like fun. thanks guys
Yo anyone from Sunrise Mountain HS in AZ in these comments?
4:44 “We can’t afford to shop at any store that has a philosophy.” – Marge Simpson
…I don't get the reference to After Effects can someone explain
I am little confused on representation of the curve when there is change in supply or demand.. Shouldn't the slope of the curve be changing rather than line it self being translated?
I mean @7:08 when the supply of gasoline increased, it is shown the line moved across x-axis representating increase in quantity produced. But if you see even when there's no scope for producing .1 gallon aa the graph directly starts at more than that. If we refuce the slope of the supply curve however we can have representation at all quantities.
who here during COVID?
4:56
Before corona(bc) I would search for economy lecture after corona (ac) all economy lecture are suggested by YouTube so that i dont venture out 😂😂 and keep me busy
What I got from this video: I'm weird because I don't like strawberries
HEEEEEYYYY THAT EXPLOSION SCARED ME
clearly aren't taking the benefit/welfare of natural, chemically untreated strawberries into account as valuable
“Whole foods is a whole other world where price has nothing to do with realistic economics.” This is one thing I hate about economics. When their model fails to capture reality they don’t blame their model, they blame reality.
Jacob, please slow down on future videos.
The public school system should make it mandatory to pass Economics in school. Every American needs to know these things.