Thanks a lot Mrunal Sir and geography mam. Your videos are priceless. I never thought i can ever prepare for Civil Service. I just returned to India and 30 + now. My father always wanted me to give a try.Though I don't have much age left. But your videos gave me the kick to fulfill my father's wish. what ever might happen, but the learning that i got is just fantastic.
I was also so much influenced by these videos ,i did not join the coaching although i hv opportunity at that tym,thses videoes and self study cannot make you anything runal sir over exaggerate everything ,i hope i hv not listened to his videoes at that tym
@@sikhakumari2726 This is enough for basics. Now read newspapers and you will get its applications part which will increase your conceptual clarity. If anything remains, it will be covered in monthly magazines. So my advice is, if you have understood this lecture then don't go to other books, coachings, pdf, etc. Stick to this video & notes you made out of it. You may get fear of missing out in the beginning but even then don't run after resources. These lectures are old but basics are still the same. By the way, UPSC is focusing more on application & current part.
sir i have one problem when money is devalued how export is increased. for example 1$=10(price of a bottles with 1 litre quantity in india) if after devaluation 1$=11 then then how exporters will be benefited and why people from other country imort that bottle from us because if we apply demand and supply concept here if bottle price here is going high in india from 10 to 11..why would not company reduce its quality or quantity. at last the other country importing that bottle from us would have to compromise inquantity or quality..then how is it a good deal.. in fact i do not know does the rule of demand and supply here is applied in export or import..? please solve my issue.. please reply
I think there's a problem with the Real Exchange rate. It should be Nominal Rate *(Price abroad/ Price domestic). The numerator and denominator are jumbled.
no, it depends in which units is the exchange rate stated. If the exchange rate is in units of foreign currency per unit of domestic currency, then the formula mentioned is okay If the exchange rate is in units of domestic currency per unit of foreign currency, then they need to be reversed.
I didn't understood devaluation sir has taught us here dat devaluation means increase in exchange rate...but I think it's decrease in rate plzzzz can anyone help me out....
current ER: 1$ = 40¥ assume central bank devalues currency by 10¥ wrt $ >> then ER:: 1$= 50¥ Here now we need 50¥ to buy a dollar in comparison to old ER(40¥).. so ER increased.. but for the partner country it will decrease b'coz now they need less then 1$ (0.9$) to buy a 40¥ commodity or service in comparison to old exchange rate. :) did it help ...
Your teacher is right!!! Devaluation increases exchange rate. Only the value of devalued currency falls. Devaluation is exchange rate determined by government through order. Whereas depreciation is exchange rate determined by market forces. Thus devaluation is depreciation of currency through official notification. But how??? Suppose exchange rate is 1$=60r. Let's say currency depreciates/devalues by 10r New exchange rate = 1$=70r Why devaluation?? 1.encourage exports and 2.discourage imports. How?? Suppose IPhone cost is $15000 in USA. With the old exchange rate the iPhone will cost in India r60*$15000=r900,000. With new exchange rate it will cost r70*$15000=r1,050,000. Devaluation have increased exchange rate.But have discouraged imports. How will it encourage exports? Micromax phone cost cost=15000r. Old exchange rate ie 60r India sells to USA 15000/60=$250 $250 is the price of micromax in USA at old exchange rate. At new exchange rate 15000/70=$214.3 At the lower cost, USA will demand more!!! Have exports being pushed up?? Hope you got it.... Your teacher is right....!!!
NEER & REER in upsc prelims 2022.
Also Inflation Index Bonds you taught earlier.......
seriously I never thought smoke can explain these tough terms in so easy language... thanks a lot sir
16:30 NEER REER
Thanks a lot Mrunal Sir and geography mam. Your videos are priceless. I never thought i can ever prepare for Civil Service. I just returned to India and 30 + now. My father always wanted me to give a try.Though I don't have much age left. But your videos gave me the kick to fulfill my father's wish. what ever might happen, but the learning that i got is just fantastic.
Good Brother G
What happened?
I was also so much influenced by these videos ,i did not join the coaching although i hv opportunity at that tym,thses videoes and self study cannot make you anything runal sir over exaggerate everything ,i hope i hv not listened to his videoes at that tym
Hua ki nhi bhai
@@kanwalpannu5050 what do you mean 🤔
Your lectures are really very informative and you explain in a very easy manner.
Far better than Delhi's big names.
Is it whole video enough for upsc or I need to gain extra knowledge ? I m beginner plz help me
@@sikhakumari2726 This is enough for basics. Now read newspapers and you will get its applications part which will increase your conceptual clarity.
If anything remains, it will be covered in monthly magazines.
So my advice is, if you have understood this lecture then don't go to other books, coachings, pdf, etc. Stick to this video & notes you made out of it.
You may get fear of missing out in the beginning but even then don't run after resources.
These lectures are old but basics are still the same.
By the way, UPSC is focusing more on application & current part.
@@blackmotivation2027 thank you so much 🙏
@@sikhakumari2726 😃 All the best for your journey. Be confident always.
Mind blowing sir.. God of economics
These lectures are evergreen for UPSC
God of Economics !!
Your way of teaching amazing.Thanks a lot sir
awesome lectures .
Thanks sir.. your teaching method so 🙂🙂🙂
5:48 अपनी जवानी बर्बाद कर लेता हूँ😀😀
Today's date: 2 september 2020
Kahan ho bhai
13:48 When to buy and sell Dollars (Appreciation / Depreciation)
14:20 Appreciation and Depreciation Qn
21:00 NEER REER Qn
Your lectures are really very easy to understand.
such Mrunal is best tutorial n sir u r best
Salute sir ....!!!
Jai Hind 🇮🇳 sir 🧑🏫
Thankyou🧑🏫
That Thing about CHINA and how do they increase their exports by undervaluing was the best part to hear and more interesting that Jataka Tales. :p
u r the god of economics mural prelims sir
he is Mrunal patel
excellent sirji....thanks a lot...
Depreciation and appreciation very similar to inflation deflation control by RBI
Aaj v relevant ❤
Gurudev marunal 💕
If REER > 100 , thiseans our Currency is Overvalued
REER is an indicator of Trade Competitiveness
Thank you sir
you r just amazing sir
GOOD LECTURE SIR... THANK YOU
great videos... thank you sir
Good effort sir...All the best
Martin luther king PTC karlo yojana :) :)
Content 🔥
sir i have one problem when money is devalued how export is increased. for example 1$=10(price of a bottles with 1 litre quantity in india) if after devaluation 1$=11 then then how exporters will be benefited and why people from other country imort that bottle from us because if we apply demand and supply concept here if bottle price here is going high in india from 10 to 11..why would not company reduce its quality or quantity. at last the other country importing that bottle from us would have to compromise inquantity or quality..then how is it a good deal.. in fact i do not know does the rule of demand and supply here is applied in export or import..? please solve my issue..
please reply
good lectures
12:26 At what rate will RBI buy $ to prevent the volatility in his case?
Date : 25/10/18
Time : 11:37Hrs
Thanks a lot sir, keep it up
Great sir
nice
Not only for upsc but also for class 12😊😊
Who is watching in 2023 oct
It’s march 2024🎉🎉🎉
Jan 2025
100 marks for sense of humour
👌👌👌
thnx
How real exchange rate can be greater than nominal exchange rate ???? 112vs 66
I think there's a problem with the Real Exchange rate. It should be Nominal Rate *(Price abroad/ Price domestic). The numerator and denominator are jumbled.
yup
no, it depends in which units is the exchange rate stated.
If the exchange rate is in units of foreign currency per unit of domestic currency, then the formula mentioned is okay
If the exchange rate is in units of domestic currency per unit of foreign currency, then they need to be reversed.
Great sir ye lockdown mie aapki saari videos dekhunga , pura fayda uthaunga😎😎😎
Right Brother
thanks sir, mrunal sir zindabad
Hi sir, Do u give classes in New Delhi?
Fixed Foreign Exchange Rate can be changed by whom?
By external forces or by central banks
By central bank
D7/2 done ✅
👍
Economics seems easy now ?
@@hannibal.hnm13 yes 👍
2024 me dkh rhe ho?😊😊
Thank you
sanjeevini singode thank you baad mai....
Pehle thoda padh lo
I didn't understood devaluation
sir has taught us here dat devaluation means increase in exchange rate...but I think it's decrease in rate
plzzzz can anyone help me out....
current ER: 1$ = 40¥
assume central bank devalues currency by 10¥ wrt $ >>
then ER:: 1$= 50¥
Here now we need 50¥ to buy a dollar in comparison to old ER(40¥).. so ER increased..
but for the partner country it will decrease b'coz now they need less then 1$ (0.9$) to buy a 40¥ commodity or service in comparison to old exchange rate. :)
did it help ...
+Chandra bhan sharma owww thankew so much dear....now i M crystal clear WID my concept....thnkew very much nd again thnkew very much for roly...
Divya Devi Singh lama welcome :)
Your teacher is right!!!
Devaluation increases exchange rate. Only the value of devalued currency falls.
Devaluation is exchange rate determined by government through order. Whereas depreciation is exchange rate determined by market forces.
Thus devaluation is depreciation of currency through official notification.
But how???
Suppose exchange rate is 1$=60r.
Let's say currency depreciates/devalues by 10r
New exchange rate =
1$=70r
Why devaluation??
1.encourage exports and 2.discourage imports.
How??
Suppose IPhone cost is $15000 in USA.
With the old exchange rate the iPhone will cost in India
r60*$15000=r900,000.
With new exchange rate it will cost
r70*$15000=r1,050,000.
Devaluation have increased exchange rate.But have discouraged imports.
How will it encourage exports?
Micromax phone cost cost=15000r.
Old exchange rate ie 60r
India sells to USA
15000/60=$250
$250 is the price of micromax in USA at old exchange rate.
At new exchange rate
15000/70=$214.3
At the lower cost, USA will demand more!!! Have exports being pushed up??
Hope you got it.... Your teacher is right....!!!
@@xyz115 Mam i took screenshot of ur comment.Thanks for getting me understand.Yes indeed my teacher is CORRECT.
🙏🙏🙏🙏🙏🙏
4:07 to 4:13😂😂😂
how central bank interfere in reer or neer???
by buying and selling dollars in forex market .!!
Sir please upload lectures in English.
sir neer reer samaz nii aya...can u plz upload any video for reer n neer
ritu kaur
ruclips.net/video/I9kaEjksiVo/видео.html
You can get some eg over this....
Then thank me later
Watching in 2021
04:47
Pm of india murunal,s sir like
In 24
English please sir
Martin Luther King Jr PTC karlo yojnaa 🤣🤣🤣..
😁😁😁😁😁🙏🏻🙏🏻🙏🏻🙏🏻
2024 में kon dekha Raha hai
23.9.22
😂
Ratta mat padvaiye sir ,not gud
Kisi ke paas powerpoint hai kya .
Awesome sir
Thanks u sir
Thanks sir 🙏
Thank u Sir🙏
Thnx sir🙏
thank you sir
Thank you sir
Thanks sir