GDP Gap and Okun's Law

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  • Опубликовано: 13 окт 2024
  • Using the analogy of actual grade and potential grade to explain GDP gap and Okun's law

Комментарии • 70

  • @thisisnotmyrealname6046
    @thisisnotmyrealname6046 2 года назад +2

    Comparing inflation to stress level... I think I will never forget how this works now, thank you

  • @merrymouse2008
    @merrymouse2008 3 года назад +6

    Thank you so much for such a clear explanation! And I absolutely loved the "studies" example!

    • @IrisFranz
      @IrisFranz  3 года назад

      Glad it was helpful!

  • @JulietNjunga-vn9vp
    @JulietNjunga-vn9vp 5 месяцев назад

    I love it.. thanks alot
    Surely u would wanna watch this again and again coz she is just superb
    I will remember in my exam room ❤

  • @nathanielleon7611
    @nathanielleon7611 2 года назад +1

    Thank you iris! Im taking masters of Econ without an Econ background! The grade analogy really helped simplify it!

  • @Michael-io3dd
    @Michael-io3dd 4 года назад +2

    This is a really well done video. The use of metaphors was especially good for making the concept understandable.

    • @IrisFranz
      @IrisFranz  4 года назад

      Thanks! I try to explain things in a way that students can relate.

  • @tiash_al_ansaree
    @tiash_al_ansaree 3 года назад +1

    Just amazing!!!! That analogy is just brilliant. Thank you, ma'am.

    • @IrisFranz
      @IrisFranz  3 года назад

      Glad it was helpful!

  • @pineappleognam421
    @pineappleognam421 Год назад +2

    Love the metaphor ! Keep going pls

  • @daniyadinosha1060
    @daniyadinosha1060 3 года назад +1

    Thanks for the clear explaination.. It was really helpful.
    May I know how the theory of business cycle is playing an important role in Okun's Law?

  • @MisheckNgosa-kq7ju
    @MisheckNgosa-kq7ju Год назад

    Great teacher thank for your clear explanation, need more of your tutorials

    • @IrisFranz
      @IrisFranz  Год назад

      There’re more than 200 clips on my RUclips, organized by playlist. Happy learning!

  • @lakshmansagar9624
    @lakshmansagar9624 3 года назад

    Awesome explanation. That aura of you makes me to watch even more attentively.. 🥰🔥

  • @jonghoonlee9130
    @jonghoonlee9130 5 лет назад

    The analogy to explain the Okun's law helps me a lot!!

    • @IrisFranz
      @IrisFranz  5 лет назад

      JONGHOON LEE glad to help!

  • @gunrajsingh3579
    @gunrajsingh3579 4 года назад +1

    Love and a big Thanks from India ♥️

  • @user-qk9xp8dk5n
    @user-qk9xp8dk5n 4 года назад

    Good analogy...can u make a video on marginal productivity adjustment in labour capital box diagram

  • @kaliluvs
    @kaliluvs 5 лет назад +1

    Thank you for your amazing example!!! This helped me tremendously!

  • @rafatulhauque7782
    @rafatulhauque7782 5 лет назад +1

    Great video! Thank you!
    Do you do this (teaching) professionally? Asking this because you're amazing at it.

    • @IrisFranz
      @IrisFranz  5 лет назад +4

      Rafat Ul Hauque Glad that this helps. Yes I teach at the University of Denver.

    • @tompcd1189
      @tompcd1189 4 года назад

      nice try sunshine

  • @DivinelyProtectedBlessed888
    @DivinelyProtectedBlessed888 4 месяца назад

    Thank you, you help me understand subject my professor didnt help me with ❤

  • @shubhamtomar5415
    @shubhamtomar5415 5 лет назад +1

    You are a great teacher!

  • @serenedaydream
    @serenedaydream 6 месяцев назад

    omg thank you so much, i wont ever forget it

  • @annisabelxo
    @annisabelxo 3 года назад

    The best teacher !! Thank you

  • @botshelopopiekomane8756
    @botshelopopiekomane8756 3 года назад

    Suppose output grew by 6%, how do you use okun's equation to calculate and interpret change in unemployment

  • @norki.e
    @norki.e 5 месяцев назад

    this was so helpful thank you !

  • @zette4709
    @zette4709 2 года назад

    Thank you so much. Can you please upload a video of Keynesian theory?

    • @IrisFranz
      @IrisFranz  2 года назад

      Are you a teacher or a student? I plan to do this in summer, not sure if it’d be too late for you. Thanks for the suggestion!

    • @zette4709
      @zette4709 2 года назад

      @@IrisFranz A student. It's ok if you can't make it now, anyway it's not only me who likes the way you discuss every video you uploaded.

  • @assiaerraidi4440
    @assiaerraidi4440 3 года назад +1

    omg i was struggling to understand it ! thank you this helped me a looot

    • @IrisFranz
      @IrisFranz  3 года назад

      Glad that it was helpful!

  • @ramenpavlov4006
    @ramenpavlov4006 5 лет назад +1

    So what is Okun's Law? can you summarize/define. Other than that very good video.

    • @IrisFranz
      @IrisFranz  5 лет назад

      Watch from 2:30 to 2:40.

  • @linadanielsson8169
    @linadanielsson8169 3 года назад

    WHAT WILL HAPPEN TO INTEREST RATE IN THE SHORT AND LONG RUN HERE?

  • @fareedch8782
    @fareedch8782 4 года назад

    Love your way of teaching really

    • @IrisFranz
      @IrisFranz  4 года назад +1

      Glad to hear. Happy learning!

    • @fareedch8782
      @fareedch8782 4 года назад +1

      @@IrisFranz thank you so much
      Love from pakistan

  • @chaumbambondo3961
    @chaumbambondo3961 2 года назад

    You're great

  • @JB-in4dj
    @JB-in4dj 3 года назад

    This was so helpful! I love the analogy!

    • @IrisFranz
      @IrisFranz  3 года назад

      Glad it was helpful!

  • @ASHWANIKUMAR-im2qw
    @ASHWANIKUMAR-im2qw 5 лет назад

    This is better than before

  • @taheramohammadi8849
    @taheramohammadi8849 5 лет назад

    Good comparison, very understandable

  • @sohailmirza2134
    @sohailmirza2134 3 года назад

    Great job!

  • @kshitijgupta9058
    @kshitijgupta9058 2 года назад

    Great example!

  • @milindbebarta2226
    @milindbebarta2226 5 лет назад

    Very well Explained!

  • @mdimrankhan6914
    @mdimrankhan6914 5 лет назад +1

    It was helpful. Thanks a lot :)

    • @IrisFranz
      @IrisFranz  5 лет назад

      You’re welcome! Hope that you enjoy economics

  • @errejapa
    @errejapa 4 года назад

    Me ayudo bastante! Gracias

    • @IrisFranz
      @IrisFranz  4 года назад

      You are welcome. Happy learning!

  • @inbracedefeat
    @inbracedefeat 4 года назад

    I felt very attacked by the example hah it is the professor's fault for putting the Exam right after Halloween! hahahah

    • @IrisFranz
      @IrisFranz  4 года назад

      Glad you can relate to the example 😂

  • @mitrabor3043
    @mitrabor3043 4 года назад

    Perfect ,thank you 🙏🏻

    • @IrisFranz
      @IrisFranz  4 года назад

      You’re welcome 😊

  • @theuprising7215
    @theuprising7215 5 лет назад

    Thank you.

  • @irenenj
    @irenenj 4 года назад

    Thank you

  • @opuhossain4405
    @opuhossain4405 5 лет назад

    Thanks, it can help me .

  • @mitrabor3043
    @mitrabor3043 4 года назад

    I wish you were my professor

    • @IrisFranz
      @IrisFranz  4 года назад

      Glad to help! Best luck to your studying.

  • @royhanfirdaus3512
    @royhanfirdaus3512 4 года назад

    wehere is you references???

    • @IrisFranz
      @IrisFranz  4 года назад

      I came up this analogy myself.

  • @tylerte258
    @tylerte258 4 года назад

    Thank you