Without your videos I would be lost on Macroeconomics. I find it so difficult compared to Microeconomics. Because of your videos I may just pull off a good grade on Tuesday! Thanks and keep up the videos!
i find economics quite easy :) im just using this channel as a sort of crash course or 1 day revision session before my as exam tomorrow :D. this guy is brilliant and has some funny moments. good job on these vids chap
I understand the general concepts but am a little confused with overall effect of changes in price level and changes in consumer taste. If we have two countries (A and B) and the price level in country A falls, leading to increase in demand for currency A, leading to an appreciation in currency A, I understand this causes net exports and AD to fall - but what about the effects of the initial price level fall? Won't these still have the effect of boosting exports? Could the boost in exports from lower price level outweigh the exchange rate appreciation effects? Similarly for changes in consumer taste, if consumer taste shifts towards country A goods/services, I understand this causes appreciation and NX/AD fall - but won't the shift in taste towards country A goods/services cause exports to increase? Ie what is the overall effect on AD? The price level falling and consumer tastes shifting towards a country's goods and services indicates to me that NX and AD would increase (before consideration of exchange rate effects). If asked in an essay, is it best to explain what happens to E.R but say the overall effect on AD is uncertain?
Sir I have a confusion in the previous video u told that appreciation would increases competitiveness n may be an increase in demand for exports but here u r telling that exports are expensive so demand falls....?
Could you direct me to the video or explain, how to able the y axis, as I always get confused as to whether it is price of dollars in euros or price of euros in dollars for example, especially surrounding the building up of foreign reserves! THANK YOU SO MUCH your videos are awesome.
What is good for the country? Appreciation in the currency or Depreciation? When imports are more than exports, which is bad for the country, the currency appreciates right? what would be preferable for the country?
Is the long run and short run affect of appreciation and depreciation different ? as in long run (in appreciation)the balance of payment falls but in short run it is in surplus?
Basically a strong pound leads to exporting being more expensive and imports being less expensive. This makes it more likely for people to buy imports and less people are going to export. This is bad for the AD as this means more money is going out of the economy. This is summed up by the AD formula C+I+G+(X-M); X-M being Exports minus imports
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Without your videos I would be lost on Macroeconomics. I find it so difficult compared to Microeconomics. Because of your videos I may just pull off a good grade on Tuesday! Thanks and keep up the videos!
I'm re-sitting on Monday XD
+Angus Coutts aha
what did u get
@@sd.9633 deez nuts
@@hype3chicken 💀💀💀
Everything explained loud and clear in 10 mins whereas we spent a week to study this topic. Awesome keep it up! subscribed
I don't know who you are man but you've saved my macro AD exam! Thanks a lot for these videos
10 years later, he is the face of the economics...
Cheers vikstar
Sir you have no idea how grateful I am to you, Ive got my Economics AS exam tomorrow and these videos have really helped me to aim for the top grade!
WJEC EC1??
Musippy Yup.
@@josephmasters14 How did it go?
Your Name it has been 3 years...
@@BubblesToxy I wonder where they've gone in life now
i find economics quite easy :) im just using this channel as a sort of crash course or 1 day revision session before my as exam tomorrow :D. this guy is brilliant and has some funny moments. good job on these vids chap
what grade did you get?
yo how was it???? Did you ace that test ??? You're working now right??
it's been 8 years- i wonder how life turned out for u now, did u go for economics or finance?
@@nawfaljafri Dammn yeah haha. Sadly these commenters are never seen again after their first comment.
@@HapNinjathey be forgetting their passwords 😂
you deserve much more in life bro, been helping me so much bro. You making As a breeze
Thank you so much for these only just found them-night before the exam but the videos are very clear thank you ever so much!!
This guy is the best in macroeconomics!!!
Thank you so much for your effort!
wish i had someone like you for every subject
i adore you SO much
Sam, yes absolutely. Next year, you'll learn this evaluation as the J curve effect
***** How would you represent a fall in costs of production on AS and AD diagram?
Yury Arutyunov The SRAS will shift to the right leading to a fall in prices and an extension in AD. Output will increase.
Many thanks.
2024🎉
Who watches this in 2019 before finals?
Before board exam in hours..
exam's tomorrow, and hes helping me so damn much
Any Labour Market videos coming up?
Excellent
Thanks a mill.
thanks bae
divya reads I am bae
divya reads haram bae
I've never been able to grasp exchange rates. Cheers
why does a decrease in the exchange rate leads to an increase in the supply of pound?
absolute legend:)))
I understand the general concepts but am a little confused with overall effect of changes in price level and changes in consumer taste.
If we have two countries (A and B) and the price level in country A falls, leading to increase in demand for currency A, leading to an appreciation in currency A, I understand this causes net exports and AD to fall - but what about the effects of the initial price level fall? Won't these still have the effect of boosting exports? Could the boost in exports from lower price level outweigh the exchange rate appreciation effects?
Similarly for changes in consumer taste, if consumer taste shifts towards country A goods/services, I understand this causes appreciation and NX/AD fall - but won't the shift in taste towards country A goods/services cause exports to increase?
Ie what is the overall effect on AD? The price level falling and consumer tastes shifting towards a country's goods and services indicates to me that NX and AD would increase (before consideration of exchange rate effects). If asked in an essay, is it best to explain what happens to E.R but say the overall effect on AD is uncertain?
Sir I have a confusion in the previous video u told that appreciation would increases competitiveness n may be an increase in demand for exports but here u r telling that exports are expensive so demand falls....?
Thanks for the explanation. How is equilibrium exchange rate calculated?
Single-handedly saving my exam 😂❤
Thanks ...😃
ur amazing
Man you're awesome
Can I title these two diagrams as "Domestic industry with strong exchange rate/Domestic industry with weak exchange rate" in my exams? Thanks
Thanks g
Could you direct me to the video or explain, how to able the y axis, as I always get confused as to whether it is price of dollars in euros or price of euros in dollars for example, especially surrounding the building up of foreign reserves! THANK YOU SO MUCH your videos are awesome.
What is good for the country? Appreciation in the currency or Depreciation? When imports are more than exports, which is bad for the country, the currency appreciates right? what would be preferable for the country?
Is the long run and short run affect of appreciation and depreciation different ? as in long run (in appreciation)the balance of payment falls but in short run it is in surplus?
Which is best for say the UK ??
Why does aggregate demand fall? Explain
Basically a strong pound leads to exporting being more expensive and imports being less expensive. This makes it more likely for people to buy imports and less people are going to export. This is bad for the AD as this means more money is going out of the economy. This is summed up by the AD formula C+I+G+(X-M); X-M being Exports minus imports
U DA FUCKING GUYN BRUDDA
what is PED
Price Elasticity of Demand
thanks, i understood it after the comment. lol
2 questions
When you 'sell' a pound who is it sold to? Just the forex market?
And what can offset a change in exchange rates?
shaun where you at?
SI/DE
Supply increase Import Increase / Demand Increase Export Increase
Any igcse student here
safe ma nigga