Watched your videos in highschool in class to help explain some concepts, found myself back at your channel even while in uni! thank you so much for your amazing work!
To buy European goods, Swiss households must exchange Swiss francs (which they earn at work) for Euros. This increases the supply of francs in Europe causing the franc to depreciate.
You're a GEM 💎 Sir, missed this topic in class due to a fractured leg and this is very important for my MIDS searched almost entire RUclips but your explanation is best so far. Thanks 💖.
You never get PED for next export, as net export means export minus import. So, you need PE of export (which is a supply) and PE of import (which is a demand).
In other words, if you can actually increase your exports because they are good and people want them, then deprecation can be a good thing. But only if you yourself are not too dependent on imports.
The big graph is wrong too. If that happens in Switzerland, it should be the market of Euro vis-v-vis CHF. Then, the smaller graphs hold. But then, the depreciation of CHF means a movement upward, not downward.
So, it is not the current account deficit that cause an increase of the supply of the swiss france. But the other way round: The increase of demand by swiss household for the European goods causes the current account deficit. This is called causality chaos.
I really appreciate how you explain the assumptions. That is often missing in most lessons, THANK YOU!
You probably know we have our IB Econ final tomorrow.
You are a lifesaver.
how was it?
Really useful video! The fact that you took the time to repeat a lot of things really made the information easy to digest.
This is one of the best explanations I’ve found. Thank you!
Watched your videos in highschool in class to help explain some concepts, found myself back at your channel even while in uni! thank you so much for your amazing work!
To buy European goods, Swiss households must exchange Swiss francs (which they earn at work) for Euros. This increases the supply of francs in Europe causing the franc to depreciate.
You say at 5:20 that Swiss franc depreciates but the movement on Y-axes is downward which means the CHF appreciates.
more complicated videos than others explanations on youtube, but thats what i was looking for. thnx
You're a GEM 💎 Sir, missed this topic in class due to a fractured leg and this is very important for my MIDS searched almost entire RUclips but your explanation is best so far. Thanks 💖.
Thank you... Its useful..... Those who have unliked plz give the link of better material if any
This is a very good presentation and shortcut to MLC,I had no idea abt MLC before this video but now I'm well informed abt MLC,thanks!
very well explained !Good job
thanks dude, extremely helpful in being able to conceptually digest the theory.
thaaaaaaaaaaaaaaaaaank you.....all the way from Kenya
Thanks, you just saved me the day
You never get PED for next export, as net export means export minus import. So, you need PE of export (which is a supply) and PE of import (which is a demand).
Thank you. Great lesson
Thank you for uploading it, really helpful.
Thanks from Brazil.
How do we get the PED for net export from the PED of exports and imports?
In that case, half of the curve will appear on the negative side of the graph, and the other half on the positive side will be definitely inelastic.
Thank you for the useful video!
Excellent video. Can i ask for the link to the video you refer to with the Total Revenue rule?
10 years later, the vid you wanted: ruclips.net/video/n5i2WBDTp40/видео.html&ab_channel=JasonWelker
Svaka cast! Pozdrav iz Srbije! :)
Such a good video
great explanation sir!
you are a gem!
Porque no hay vídeos así en español :(
Great work, Jason! I am a big fan :0)
Brilliant video
In other words, if you can actually increase your exports because they are good and people want them, then deprecation can be a good thing. But only if you yourself are not too dependent on imports.
About 5 minutes in, i dont understand how a current account deficit would cause an increase i the supply of the swiss frank. Someone please explain.
The big graph is wrong too. If that happens in Switzerland, it should be the market of Euro vis-v-vis CHF. Then, the smaller graphs hold. But then, the depreciation of CHF means a movement upward, not downward.
you are very right
how do we drive marshall lerner condition?
so good! Thank you sir!
So, it is not the current account deficit that cause an increase of the supply of the swiss france. But the other way round: The increase of demand by swiss household for the European goods causes the current account deficit. This is called causality chaos.
Really useful thank you!
Initial song name?
+Guss Maroto "Making me Nervous" by Brad Sucks.
Great job!
welldone
I will add a link to the Total Revenue test video into the above video...
👌
nniiiceeee thanks you good sir
For proof, or disproof, try google: Marshall-Lerner Condition is Wrong
market for swiss franc in EU wrong. take this video
down !
double check the meaning of the word 'example' please