You're the man Clifford. I am taking macro in Australia and they professors are terrible. Thanks for explaining it in real world terms with real examples
+Daisy Cruz that's because the teachers sometimes try too much.. they over complicate simple things to justify their paid employment... most teachers who do this must hate youtube-lifeSavers like this intelligent tutor
exchange rate, investment, and money supply are the only things that i am still confused, and this video helped a lot, already im still confused but much better than before watching this, i hope in 3 days before my mock i can fully understand all three of the topics that im still confused
a good mnemonic for the shifters imo: Too Pricey, Ireland & Iceland (tastes, price level, income, interest rate). helps u remember the logic behind most of the shifts! thanks for the video (and happy 2nd birthday to it lol)!
thank you for your videos. they are extremely helpful. you have a gift explaining concepts in an intuitive and logical manner, which makes concepts easy to understand and remember. I'm an Econ teacher myself, and i occasionally use your videos to explain tougher concepts. The Students love it. Keep up the good work!
I wish you can show some videos of A level teaching as your teaching is very easy to understand, especially watching your video lessons with your ultimate packet. and thank you for teaching me to understand the economic concepts
heyy! it will be really helpful to see a video that explains the domestic and international effect of the changes in monetary policy and fiscal policy and how they interact with each other. Thank you for the videos!
Hmmm I feel like those 12 dislikes actually came from 12 econ/polsci professors. Haha you took their job because ur clearer and more helpful than them :)
great video! Do you believe this graph focusing on the goods market has a higher explanatory power for exchange rates than the graph that explains exchange rate with an asset market approach? According to Mishikin, this one for the goods market does not explain short run volatility, which is why he uses the other one with supply of dollar assets as a vertical line. Would like to know your thoughts about it? Which one is better to teach?
definitely helpful , I do have one question though .. does that mean in this case changes in tastes and income are single shifters while changes in price levels and interest rates are double shifters ?
Mr.Clifford, the national currency appreciates or depreciates always in term of one foreign currency or sometimes to many? or always to $ as a int.currency? thx in advance
On Q4: what about increase in interest rate leads to increase in price of goods since cost of borrowing increase (leads to production cost increase and eventually increased the price of goods) --> when the price of goods increase (inflation), the demand for USD will drop..shouldn;t we look at this from that perspective?
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How does a change in Price level cause a shift of the curve? i thought a change in price would lead to a movement along the curve, rather than the demand or supply curve shifting
+Ollie Irwin this is aggregate demand and aggregate supply for an entire economy and not the price for a single commodity like in microeconomic. a change in the general level of prices,meaning inflation;foreigners buy less of american products(aggregate demand which is macroeconomic)
Can you please upload a more detailed video.... with all the changes with figure. Please. I have exam day after tomorrow. YOUR MY LAST HOPE, SAVE MEEE JACOBBBB!!!!!!😢😢😢😢😢😢
I did not understand the last point. Why would I as European buy more American bonds if the interest rate in America is relatively higher? Besides that loved the video thank you and greetings from Germany
Savings dollars chase high interest rates. You get a greater return on your money wherever interest rates are highest. If American interest rates increase, Europeans will want to buy American bonds. To do so, they'll need to supply more of their own currency and demand more dollars.
If the price level in US goes up then imports will be less from US. Now here is the main point; (For imports from US, euro needs to be deposited and USD should be demanded in foreign exchange banks), due to less import from US less dollar will be demanded. To make things even worse there will be more imports from Europe to US because price is more in US, which will increase the supply of Dollar in exchange banks and also increase the demand for Euro(now trade will happen in Euro, so dollar will be deposited in the bank and euro will be demanded) So demand for USD is low and at the same time Supply is high, hence dollar depreciates
For number 3 where the demand for dollars is down while the supply of dollars is up, shouldn't it be both down since Americans will need to pay for exporter's goods in exporter's money? Shouldn't dollars be supplied less and foreign money be demanded and supplied more? I'm confused, anybody welcome to clarify. Thank you!
Zherui Xuan Since the price level is expensive in the US, there is less demand for US dollars by the Europeans. This also causes the US money supply to increase as they will use the money to buy cheaper goods in Europe.
Honestly, I barely even grasped a single concept on first watch. My talents clearly aren't with economics. 2nd watch. If I can't have a talent in economics, at least I can try to get a bunch of skills.
I have been investing with mr Chris Russ, I came across some nice comments about him here on RUclips and I gave him a try and honestly I didn't regret the move
nope, think of the americans gonna deposit their money into their bank because they earn more interest from it. therefore they won't supply any money to other foreign banks. therefore supply decreases. also, since other countries want to deposit money into American banks because of high interest rate, they gonna need USD, which means demand goes up
If all the teachers were like you, life would have been easier. Thank you so much for your explanation.
Amen to that
gayporn
Im taking college Macro and this was way more helpful than my professor. Thanks a bunch. Keep it up
He explains stuff in a very short space of time and in a very straight forward manner.Thank you Sir!
Cramming in as many of your videos before my final macro exam in an hour! Thanks for getting me through this semester!
how'd it go
You're a godsend. I wish I had teachers like you in my university. But alas. Thanks anyway for saving my grades on more than one occasion.
It's tomorrow, THE FREAKING EXAM IS TOMORROW
how did it go
3 hours
It’s 2019 and the exam is tomorrow :)
@@dysphoricnick798 lol and mine is tomrrow xd ;)))
Mine's in 3 hours :P
You're the man Clifford. I am taking macro in Australia and they professors are terrible. Thanks for explaining it in real world terms with real examples
You're a brilliant teacher, Mr. Clifford! May you forever keep the love for learning alive in your students!! :) Thank you for all these videos
Saved my grade dude thanks
+Andres v You are welcome!
Love you Mr Clifford. You carried me through high school and now again in college.
Im in ECON 270 and you just made what I learn in 2 weeks this so much simpler in less than 4 mins
honestly, this teacher is who helped me pass economics and not my university lecturer :)
wow, I learned more from you than I ever did from my teacher
+Daisy Cruz that's because the teachers sometimes try too much.. they over complicate simple things to justify their paid employment... most teachers who do this must hate youtube-lifeSavers like this intelligent tutor
exchange rate, investment, and money supply are the only things that i am still confused, and this video helped a lot, already im still confused but much better than before watching this, i hope in 3 days before my mock i can fully understand all three of the topics that im still confused
extremely good teacher, very easy and clear explanation
Keep up the good work man
a good mnemonic for the shifters imo: Too Pricey, Ireland & Iceland
(tastes, price level, income, interest rate). helps u remember the logic behind most of the shifts!
thanks for the video (and happy 2nd birthday to it lol)!
Mr Clifford I bought yiour review package it is awsome thanks!
Thank you for your videos. You sound like you have a train to catch, but you do an awesome job explaining in few minutes!
Mr Clifford. You are a life saver
U deserve noble price😊
that ACDC belt tho
Best explanation found .. U made it so easy.. 🙂:) thnks
+anshika bansal Thanks Anshika
thank you for your videos. they are extremely helpful. you have a gift explaining concepts in an intuitive and logical manner, which makes concepts easy to understand and remember. I'm an Econ teacher myself, and i occasionally use your videos to explain tougher concepts. The Students love it. Keep up the good work!
Thank you for getting me to imagine myself standing in the foreign exchange line with my Lincolns and Hamiltons to get more Lincolns and Hamiltons.
Your face to face videos are so much better than your whiteboard ones!
wow what an eye opener, thanx so much now its all clear and all this is less than 5 minutes! thank you once again
Thank youu so so much! This is my last test in order to graduate🙏🏻🙏🏻🙏🏻
I wish you can show some videos of A level teaching as your teaching is very easy to understand, especially watching your video lessons with your ultimate packet.
and thank you for teaching me to understand the economic concepts
THANK YOU keep doing what you're doing! life saver!
My econ teacher tells us to watch your videos like 3 times a day
heyy! it will be really helpful to see a video that explains the domestic and international effect of the changes in monetary policy and fiscal policy and how they interact with each other. Thank you for the videos!
i love your free lessons.
Hello! you are so much of a big help! thank you so much! God bless you!
You deserve a glass filled to the bream with the most expensive whiskey....Thank you so MUCH
The explanation was great. Thank you!
Thanks it helped me to revise basics..
thats really helpful. many thanks
AC/DC belt. you rock m8
Thanks for making the most difficult part of Econ simple :)
if only there is a Clifford for every AP exam.. Thank you so much tho!
Hmmm I feel like those 12 dislikes actually came from 12 econ/polsci professors. Haha you took their job because ur clearer and more helpful than them :)
The belt ! That belt is the secret haha
Makes sense. Thanks for de video!!
Finest explanation!
Thank you
love this guy !
great video!
Do you believe this graph focusing on the goods market has a higher explanatory power for exchange rates than the graph that explains exchange rate with an asset market approach?
According to Mishikin, this one for the goods market does not explain short run volatility, which is why he uses the other one with supply of dollar assets as a vertical line.
Would like to know your thoughts about it? Which one is better to teach?
very nice explanation
You are a hero
love this guy
definitely helpful , I do have one question though .. does that mean in this case changes in tastes and income are single shifters while changes in price levels and interest rates are double shifters ?
lovely explanation!
Mr.Clifford, the national currency appreciates or depreciates always in term of one foreign currency or sometimes to many? or always to $ as a int.currency? thx in advance
+TADSCHIKEE Great question. A currency can appreciate or depreciate relative to multiple currencies, but we usually compare just two to each other.
Thanks a lot Sir )
this is forex holy grail...no need indicator anymore. WE need news and economic data to predict the movement
Great work
Mr.Clifford for president!
example number 2, does that mean that the european currency appreciates?
On Q4: what about increase in interest rate leads to increase in price of goods since cost of borrowing increase (leads to production cost increase and eventually increased the price of goods) --> when the price of goods increase (inflation), the demand for USD will drop..shouldn;t we look at this from that perspective?
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How does a change in Price level cause a shift of the curve? i thought a change in price would lead to a movement along the curve, rather than the demand or supply curve shifting
+Ollie Irwin this is aggregate demand and aggregate supply for an entire economy and not the price for a single commodity like in microeconomic.
a change in the general level of prices,meaning inflation;foreigners buy less of american products(aggregate demand which is macroeconomic)
Can you please upload a more detailed video.... with all the changes with figure. Please. I have exam day after tomorrow. YOUR MY LAST HOPE, SAVE MEEE JACOBBBB!!!!!!😢😢😢😢😢😢
I did not understand the last point. Why would I as European buy more American bonds if the interest rate in America is relatively higher? Besides that loved the video thank you and greetings from Germany
Savings dollars chase high interest rates. You get a greater return on your money wherever interest rates are highest. If American interest rates increase, Europeans will want to buy American bonds. To do so, they'll need to supply more of their own currency and demand more dollars.
cannot begin to explain how confused I am :/
it’s 2020 and the exam is in two days
legendary
Wouldn't the demand for dollars increase because now you would need more dollars to buy things if the prices go up?
If the price level in US goes up then imports will be less from US. Now here is the main point; (For imports from US, euro needs to be deposited and USD should be demanded in foreign exchange banks), due to less import from US less dollar will be demanded.
To make things even worse there will be more imports from Europe to US because price is more in US, which will increase the supply of Dollar in exchange banks and also increase the demand for Euro(now trade will happen in Euro, so dollar will be deposited in the bank and euro will be demanded)
So demand for USD is low and at the same time Supply is high, hence dollar depreciates
FOREX graph. x= QofD. y=E4D. bottom=Q. Left=Exch. R8.
If the demand for dollars increase, will the value of the dollar also increase?
Hi Mr. Clifford,
Will the testmakers put three currencies on the test and make us analyze them? Is that even possible??
For number 3 where the demand for dollars is down while the supply of dollars is up, shouldn't it be both down since Americans will need to pay for exporter's goods in exporter's money? Shouldn't dollars be supplied less and foreign money be demanded and supplied more? I'm confused, anybody welcome to clarify. Thank you!
Zherui Xuan Since the price level is expensive in the US, there is less demand for US dollars by the Europeans. This also causes the US money supply to increase as they will use the money to buy cheaper goods in Europe.
appreciated!
Shifters of FOREX: tastes, income, $ level, INT. R8's
💝💝💝
Isn't it the case that Europeans traveling more to the US will increase the amount of dollars in the US thus dollar losing in value?
You look a lot like Mark Cuban!
The most accurate statement in this video 3:39 lol
Dude!! U r so fucking clear and helpful(excuse my language)!!!! 👍
'in the dollar depreciates'
San Diego right? one day ill buy you a Porsche.
Great, I got 3/4...
Wrong.
Honestly, I barely even grasped a single concept on first watch. My talents clearly aren't with economics. 2nd watch. If I can't have a talent in economics, at least I can try to get a bunch of skills.
And to the playlists section I go.
shoutout to my boy joe sacco
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this inter-currency relationship stuff does mess with your brain >:-P
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0:32 I swear he says "gollar" not "dollar"
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is here anyone to write 4th scenario completely and cannot get any sense from it...
nope, think of the americans gonna deposit their money into their bank because they earn more interest from it. therefore they won't supply any money to other foreign banks. therefore supply decreases. also, since other countries want to deposit money into American banks because of high interest rate, they gonna need USD, which means demand goes up
It’s 2020 and the exam is tomorrow