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Econbusters
США
Добавлен 19 авг 2019
Hey everyone! Or perhaps I should say, "Hey you!" since you are one of the few (might I say special) people who found this channel. You see, "Econbusters" used to be a different channel. It was "Branded" channel associated with my Education account. However, in the dark of the night, or perhaps light of day, RUclips got rid of these (or at least impossible to log into). No big deal, you have found the new Econbusters channel. It is its infancy right now, but it will grow up.
Finally, what is the purpose of Econbusters? I'm glad you asked. It is to make 101 College Level economics accessible to all. It's goal is to bring understanding to the teaching of economics. Again, it focuses on the principles of economics (or foundational concepts) as taught by an entry level college course.
Anyhow, thanks for reading this. In time, I hope you find this site very helpful in your quest to understand the foundational concepts of economics.
Finally, what is the purpose of Econbusters? I'm glad you asked. It is to make 101 College Level economics accessible to all. It's goal is to bring understanding to the teaching of economics. Again, it focuses on the principles of economics (or foundational concepts) as taught by an entry level college course.
Anyhow, thanks for reading this. In time, I hope you find this site very helpful in your quest to understand the foundational concepts of economics.
The Minimum Wage: A Deep Dive
Stay wedded to "the policy goal", but don't stay wedded to any specific policy. The minimum wage is a specific policy used to accomplish the policy goal of helping people earn a livable wage. The "goal" of increasing peoples income makes a lot of sense in a society with high levels of income inequality. However there are many different policies to accomplish this goal. The minimum wage is just one specific policy, and it might not be the best policy at accomplishing its policy goal. This video takes a deep dive into the labor market effects of the minimum wage. This video focuses on foundational economic concepts.
Просмотров: 38
Видео
R-star and Restrictive Monetary Policy (In the Short-Run and Long-Run)
Просмотров 3328 дней назад
How does restrictive monetary policy work? Why does the Fed eventually need to normalize when they are following restrictive monetary policy? This video answers these questions and much more. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
How Automatic Stabilizers Work (Fiscal Policy)
Просмотров 29Месяц назад
It is important to understand the difference between discretionary and non-discretionary fiscal policies. Non-discretionary fiscal policies provide countercyclical forces without policymakers needing to take action. These non-discretionary fiscal policies are known as automatic stabilizers (or built in stabilizers). Basically, automatic stabilizers are associated with how tax revenues and trans...
Accommodative Monetary Policy and r-start (Analyzing Fed Policy using the AS/AD Model)
Просмотров 39Месяц назад
What is accommodative monetary policy? This video explains it. We focused on the relationship between the Fed's targeted rate and the r-star interest rate. The r-star interest rate is the neutral rate of interest. It is theoretically the rate of interest for the Fed's policy rate (the Federal Funds Rate) that will neither cause the inflation rate (or unemployment rate) to increase or decrease. ...
How the Fed Uses r-star to Navigate the the Soft Landing (Monetary Policy and the AS/AD Model)
Просмотров 62Месяц назад
What does it mean for the Fed to try to navigate the soft landing? This video answers this question. This video also explores teaching monetary policy using the AS/AD model in new ways.
Restrictive Monetary Policy and the Neutral Rate (Using the AS/AD Model)
Просмотров 75Месяц назад
r-star is the neutral rate of interest. We should assess the Fed's targeted rate relative to the r-star rate of interest. When the Fed's targeted rate is above r-star, the Fed is being restrictive. We look at Restrictive Monetary Policy through the lens of the AS/AD Model. BTY, restrictive monetary policy is often referred to as contractionary monetary policy.
How Markets (Prices) Coordinate Economics Activity (The Positives of Markets)
Просмотров 1995 месяцев назад
Prices Are Signals that Coordinate Economic Activity: In markets, price flexibility is the key to resolving any shortages or surpluses. If prices are allowed to adjust to changes in either market supply or market demand there will be no long-term shortages or surpluses. The price adjustment will ensure Qd = Qs for a product in the long-term. Price flexibility is the key to allowing markets to c...
Price Ceilings: Embracing the Complexities (Example: Rent Control)
Просмотров 1425 месяцев назад
Unregulated markets are markets where prices are allowed to adjust to clear shortages or surpluses. In other words, if prices are allowed to adjust to market changes (changes in either market supply or market demand) there will be no long term shortages or surpluses. Binding price ceilings distort price signals, and since they keep prices artificially low they discourage supply and encourage a ...
Why GDP Is an Important Macroeconomic Measurement: A Defense of GDP
Просмотров 685 месяцев назад
Many people believe we should stop using GDP has a macroeconomic measurement. This video is why it persists, despite the criticism. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
Getting Market Actors to Internalize a Negative Externality
Просмотров 2205 месяцев назад
The policy goal of the tax is to make the market participants (the suppliers and demanders) fully internalize (incur) the total cost (societal cost) of producing the good. When fully internalizing the cost, the producer price will go down and the consumer price will go up, reducing the quantity supplied and quantity demanded to an amount equal to quantity optimum. This video is made for 1st yea...
Utility Maximization: The Optimal Consumption Bundle (Topic: Consumer Choice)
Просмотров 1346 месяцев назад
This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
How Interest Rates Affect All Asset Prices (or Why Fed Actions Impact the Stock Market)
Просмотров 2646 месяцев назад
When the Fed changes interest rates, they are changing the rate of return of certain assets (like commercial bank cash holdings at the Fed), this change in the rate of return of one asset causes the rate of return of all other assets in the economy to change. This is because of the substitutability of wealth assets. Therefore, when interest rates go up, the rate of return of specific assets go ...
Why the SRAS Curve is Upward Sloping (A Deep Dive)
Просмотров 4597 месяцев назад
To understand why the Aggregate Supply curve is upward-sloping in the short-run we will start with focusing on just one point on the AS curve. Since the price level represents the prices of final goods and services, when the price level increases, and production cost (especially nominal wages) lag behind price level increases, the ability to earn profits from additional production will incent f...
The Phillips Curve: The Process of Disinflation
Просмотров 3097 месяцев назад
Definition: Disinflation is the lowering of a positive inflation rate. If inflation gets too high, policymakers will desire to bring it back down through a process called disinflation. They will try to accomplish this by contracting AD. This can be a painful process as it will increase the unemployment rate in the short-run as the prices (revenues) decrease at a faster rate than wages (costs). ...
Is the Phillips Curve A Policy Choice? (The Phillips Curve and the Expected Inflation Rate)
Просмотров 2237 месяцев назад
When the Phillips Curve was first conceived, it was just that, the “Phillips Curve”. In other words, there was not a short-run and long-run curve. This original Phillips Curve is the modern day Short-Run Phillips Curve. It posited that lower and lower unemployment rates could be obtained as long as policymakers were willing to accept higher inflation rates. However, economists now believe this ...
An Introduction to the Phillips Curve: Covering the Basics (Part 1)
Просмотров 3258 месяцев назад
An Introduction to the Phillips Curve: Covering the Basics (Part 1)
Don't Fight the Fed...Unless You Are the US Government (includes a review of 20+ years of data)
Просмотров 8048 месяцев назад
Don't Fight the Fed...Unless You Are the US Government (includes a review of 20 years of data)
An Introduction to Bonds: For Economic Students
Просмотров 3128 месяцев назад
An Introduction to Bonds: For Economic Students
How an Open Market Sale Can Lead to Money Destruction
Просмотров 1668 месяцев назад
How an Open Market Sale Can Lead to Money Destruction
How Withdrawals Can Lead to Money Destruction - Limited Reserve Framework
Просмотров 2098 месяцев назад
How Withdrawals Can Lead to Money Destruction - Limited Reserve Framework
The Reserve Ratio and the Required Reserve Ration: The Money Multiplier
Просмотров 8149 месяцев назад
The Reserve Ratio and the Required Reserve Ration: The Money Multiplier
Aggregate Supply: The Relationship Between SRAS and LRAS
Просмотров 5209 месяцев назад
Aggregate Supply: The Relationship Between SRAS and LRAS
How Government Deficits Have a Crowding Out Effect
Просмотров 2919 месяцев назад
How Government Deficits Have a Crowding Out Effect
Debt and Deficits: An Explanation of Both
Просмотров 1359 месяцев назад
Debt and Deficits: An Explanation of Both
What shifts the Aggregate Demand Curve? Answer...DEMAND SHOCKS!
Просмотров 2249 месяцев назад
What shifts the Aggregate Demand Curve? Answer...DEMAND SHOCKS!
Why is the Aggregate Demand Curve Downward Sloping?
Просмотров 7039 месяцев назад
Why is the Aggregate Demand Curve Downward Sloping?
Why the Unemployment Rate May Be Misleading
Просмотров 19010 месяцев назад
Why the Unemployment Rate May Be Misleading
What is Nominal and Real Data? (You Know, Like Nominal GDP and Real GDP)
Просмотров 11410 месяцев назад
What is Nominal and Real Data? (You Know, Like Nominal GDP and Real GDP)
Calculating GDP: Relating the Expenditure, Income, and Value Added Approach
Просмотров 4,2 тыс.10 месяцев назад
Calculating GDP: Relating the Expenditure, Income, and Value Added Approach
What is Producer Surplus? And, How to Find Producer Surplus On a Graph.
Просмотров 12010 месяцев назад
What is Producer Surplus? And, How to Find Producer Surplus On a Graph.
Thankyou so much for the explanation Presented the same in class , absolute hit❤
Great video, thank you! Perhaps i will grasp all this on the 48th viewing...
beautifully explained
Bahamas 😂
This is good
Wow, one of the best economics videos; I did not realize I should draw the vertical lines up to the lines... wow
a question: After the per unit tax is added, didn't the optimum quantity change to the point that S(after tax) curve intersect the demand curve? Why the opt point didn't change?
great video on import quota i have ever seen!!!
thanks so much for these videos! it's helped me so much
Very good
that's great video , goooooooooood job man
It's helpful
Love the energy, thanks for the great video🎉
Interested in teaching? Speak a little slower.
Such a precise explanation, needed help since the text in salvatore was kind of indirect here
Exceptional; Thank you!
Good Explanation!! It helped.
Absolutely amazing. Subscribed and liked!
at 11:26 why is the MR slope automatically half the market demand slope?
definitely worth your time to watch
thank you, very comprehensive
As a CFA charter holder, your videos are of immense value to the internet. You have taught me a lot and will keep following your videos. Keep up the great work
Sir, you're a legend!
damn bro your video is brilliant
Its so useful for me sir.
perfect!!
Wow! This video made so many lightbulbs go off for me. Cannot thank you guys enough. Your videos do such an amazing job both on the lecture part and the subtle edits. Cheers!
You should consider investing in a mike. The sound is so poor that it completely detracts from the value of your message.
He makes the concept so easier for me.
Great job! You did one thing extremely well. You labeled the y axis as $/unit. Now your explanation makes sense. Most places seem to lable the y axis $, which is very ambiguous.
elite video thanks so much
thank you for helping all IB economics students 🙏
Finally got this
You are definitely the best econ youtube creator out there. You make everyting really intuitive. I hate memorizing stuff so when i can understand something, i prefer that and your videos are doing exactly that. Some of your videos are beyond my ap macro curriculum but it makes it a lot more easier to see the big picture and understand macroeconomics. Huge thank you!!
Crazy useful video! it helped me a lot. Thank you very much
studying for ap macro?
@@tesusreef2625 yeah. One of the frqs asked about expected inflation but i never learnt it so I was watching this
better than my professor
thank you for teaching
sir your communication skill is just legendary....incredible how you can make every econ concept so clear
great explanation
thank
love the video
hooray, legendary explanation
really well done
Eagerly awaiting next video. Can you do the lectures in conjunction with some text books.
Hope to see more videos from you.
Nice vid!
thank you sir
Is the ON RRP restricted to only Money Market Funds or can Banks use this as well? If banks can use the ON RRP, then why would the ON RRP be set lower than the IORB, when the banks could just park their cash at the FED and collect interest rather than having to buy bonds from the FED and earning a smaller yield as part of the ON RRP program?
This guy is really awesome