Sir, thank you for offering lectures for free. Like a famous quote goes: "the reward is in the pudding"....thank you. I find it very very expensive to purchase textbooks that cost USD200 plus and besides although I must read which I find boring at times coz letters appear in phantom motions whilst reading for hours and of course a break in between. But your videos sums it all up and hearing is better than just mere reading. I turn to your vids instead as if i'm reading. It works!!
@MsJBT100
12 жыл бұрын
the best professor ever who can make everything easy as piece of cake...Thank u
@nthperson
5 жыл бұрын
The most important "natural monopoly" is the monopoly of nature. Nature has not cost of production (in terms of labor or capital goods). Every location has some potential annual rental value (as explained by Adam Smith, among other political economists), independent of what the holder of a location does or does not do to improve the location. As Smith argued, the rational public policy is to collect this location rent because it is unearned to the holder of the location. Failure to do this results in capitalization of the imputed or actual rental income stream into a selling price for the location. This selling price is generally driven up by significant land speculation that artificially reduces the supply of locations brought to the market for development.
@yophuu3
12 жыл бұрын
woouu.. very clear and nice.. Go on.. produce more video of economic :)
@MrBarackosLekvar
6 жыл бұрын
Thank you so much for all of your incredibly helpful and clear videos! You are a great teacher!!
@cyborganic99
12 жыл бұрын
you explain it so well. i might refer to you every time i struggle with my economics class.
@user-vc8iz2qe9n
7 ай бұрын
Great explanation
@myranmoore1916
12 жыл бұрын
This is a great video, i can now fully understand a natural monopoly situation. #YOLO
@cruisingjakarta
8 жыл бұрын
Thank you very much sir. It is easy enough for me to follow your explanation.
@man4hire
12 жыл бұрын
I couldn't help notice the resemblance between the title and your resemblance to the monopoly man.
@samantadover8878
8 жыл бұрын
just perfect, ,,...so easy. ..keep it up
@Sam91
8 жыл бұрын
It was a really important concept. Thank you sir. (-:
@19amin80
10 жыл бұрын
Sir you are amazing, thank you for the video...
@manthapanditharatne1062
10 жыл бұрын
very clear and easy to understand. suerb!! keep it up
@kolithapanditharatne5952
10 жыл бұрын
to me Monopoly is a game. .are you talking about the same thing here Mantha?.. :)
@manthapanditharatne1062
10 жыл бұрын
Kolitha Panditharatne haha, sort of, like the objective of the game is to be the only player left, a monopoly is a market with only one player. :P
@supermario1006
10 жыл бұрын
THis GUY is the BEST!!!! im going to watch alll ur vidz before i do this exam in december.... but sir i need your vidz on theory of consumer and theory of the firms.
@jmillion3496
9 жыл бұрын
I LOVE THESE VIDEOS!!
@guilianazorrilla775
8 жыл бұрын
great teacher ! thanks
@okfinejustin
12 жыл бұрын
Veeeeeeery understandable. Keep it up!
@natl3118
6 жыл бұрын
Bless your soul
@guptaachin
8 жыл бұрын
Gaa paa diya Sir g.
@anamaranda
12 жыл бұрын
Thank you for the explanation! It was super clear =)
@jamiat87
12 жыл бұрын
thanks.. very helpful
@aveng006
12 жыл бұрын
thanks for making it clear
@adelalmositeer7476
8 жыл бұрын
Thanks , very helpful
@lishiqicherry
10 жыл бұрын
wow thanks so much! this is super helpful
@N0xS1L3NC3
12 жыл бұрын
sir you are a boss.
@RaulTheSunshineMan
9 жыл бұрын
ty
@sahilsxb
11 жыл бұрын
thankyou so so much sir !!! :)
@zohairkhan981
4 жыл бұрын
Any one in CENC 104 at chang school?
@johnster123
12 жыл бұрын
agreed
@nadiafahim9792
9 жыл бұрын
man.......stupid like me now know economics.... O_O .................. :D :D :D thank you sir :D
@mpc91
12 жыл бұрын
There is no such thing as a natural monopoly. And the professor gives regulators far, far more credit than they deserve. Slips from the free market to fascism at about 4:45.
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