Your videos are great. When I started studying A-levels, I was honestly struggling with Economics so much so that I scraped an E in my first year of college. However, since I began watching your videos, I have felt a lot more confident with Economics in general, and I was able to push my AS grade up to a B last year. I am currently in my 3rd year, and am aiming to get an A overall. I can't thank you enough Econplusdal, you absolute legend.
Thanks great, sir can you do videos on the role and effectiveness of global institutions (IMF, WB, WTO) in promoting economic growth and development Thanks
Hey, I know you have videos for the AS Edexcel Papers on exam technique but the A level papers are different in Economics A than the AS papers. Could you make a video on exam technique for the 3 A Level Papers, Specifically the 25 markers in the third paper? and also teach the topics if possible?
What diagram could you draw for nationalisation. Would you draw a movement from competitive outcomes at MC=AR to less competitive outcomes? This makes sense in that sometimes they operate further up the cost curve due to the lack of incentives to minimise costs. It also makes sense as they make profits which can be hypothecated/spent dynamically for improvement on the allocative side of things. However, it shows a movement away from allocative levels now which I would assume wouldn’t be the case. Can anyone offer some guidance?
if you were talking about the benefits for nationalization i would use an LR economies of scale diagram explaining that the government as the sole supplier of service like water can fully utilize the internal economies of scales (managerial and technical)mand operate closer to the minimum efficient scale resulting in lower costs potential lower prices for consumers.
point 7 says that they are willing to take the risk when the outcome would fall on 3rd parties (for ex, an investment by the govt that did not go as planned but it is the citizens of the country who bears it) point 8 says that they are unwilling to take the risk because the negative outcome would fall on themselves, not the 3rd parties (unwilling to take unpopular decisions because the elections are nearby. If they do so, they may not get enough vote) i know it is late but i thought i would just drop it here in case anyone else also had this question in his mind also if someone has a better explanation or sees something wrong here, feel free to correct it or add details, thank you.
@@samuelmcdonagh1590 I don't believe in the exploitation of workers as labour, workers should own the means of production and profit should only be considered in society's interest, not in shareholders (I'm not a communist by the way, but I am a socialist, there is a difference)
Your videos are great. When I started studying A-levels, I was honestly struggling with Economics so much so that I scraped an E in my first year of college. However, since I began watching your videos, I have felt a lot more confident with Economics in general, and I was able to push my AS grade up to a B last year. I am currently in my 3rd year, and am aiming to get an A overall. I can't thank you enough Econplusdal, you absolute legend.
@@saidbenrahma9129 hi, I got a B, 5 marks off an A😉😁
@@saidbenrahma9129 ohh saiddddd benrahhmaa
The best video I've ever seen as you link it to so many other parts of the course like efficiency and austerity. Praying for this to be a 25 marker
1st time came to ur channel...
And I am very much satisfied....
& I think now I don't have to go for any other video....
Thanks a lot...
Thanks, great exposition.
Thanks great, sir can you do videos on the role and effectiveness of global institutions (IMF, WB, WTO) in promoting economic growth and development
Thanks
Great vid Dal.
what diagram would u use for a 25 marker on nationalisation vs privatisation? i was thinking perfect competition and monopoly but not sure
Very Goood Video tank you soo much sir - part patel
Hey, I know you have videos for the AS Edexcel Papers on exam technique but the A level papers are different in Economics A than the AS papers. Could you make a video on exam technique for the 3 A Level Papers, Specifically the 25 markers in the third paper? and also teach the topics if possible?
Thanks Dal
guessing monopoly diagram moving towards competitive outcomes, could also using market failure diagram moving towards marginal social benefit.
Which diagrams would you suggest to use in this for AQA? Thanks
I would think state provision diagram
does natinalisation increwase competition---?? and thus liberalise markes
top vid
do they normally ask this in exam? if so is it 9, 15 or 25 mark type question?
What diagram could you draw for nationalisation. Would you draw a movement from competitive outcomes at MC=AR to less competitive outcomes? This makes sense in that sometimes they operate further up the cost curve due to the lack of incentives to minimise costs. It also makes sense as they make profits which can be hypothecated/spent dynamically for improvement on the allocative side of things. However, it shows a movement away from allocative levels now which I would assume wouldn’t be the case. Can anyone offer some guidance?
if you were talking about the benefits for nationalization i would use an LR economies of scale diagram explaining that the government as the sole supplier of service like water can fully utilize the internal economies of scales (managerial and technical)mand operate closer to the minimum efficient scale resulting in lower costs potential lower prices for consumers.
is this relevant for OCR exam board? I havent seen this in OCR economics books
Only necessary for AQA and Edexcel, but you could still use it.
Jake H thank you mate
@@jakeh6733 and CCEA
do points 7 and 8 contradict themselves?
thanks again!
point 7 says that they are willing to take the risk when the outcome would fall on 3rd parties (for ex, an investment by the govt that did not go as planned but it is the citizens of the country who bears it)
point 8 says that they are unwilling to take the risk because the negative outcome would fall on themselves, not the 3rd parties (unwilling to take unpopular decisions because the elections are nearby. If they do so, they may not get enough vote)
i know it is late but i thought i would just drop it here in case anyone else also had this question in his mind
also if someone has a better explanation or sees something wrong here, feel free to correct it or add details, thank you.
GOAT
At uni still using this, education is a joke
can these points be used for nationalization of rail?
yes.
You predicted well , well done
Regarding the point of it being a burden on the taxpayer and the opportunity cost of that, which diagram could you use?
Demand and supply, where supply shifts up. Show the two boxes as govt Rev hence tax used.
thousandth like 🙌
What diagrams could i draw for this
Hannah s d diagram
The government should only nationalise essential industries like water, electricity, gas, railways and public transports such as busses.
Every industry should be nationalised
Platonic Love why do you think that? That’s communism
@@samuelmcdonagh1590 I don't believe in the exploitation of workers as labour, workers should own the means of production and profit should only be considered in society's interest, not in shareholders (I'm not a communist by the way, but I am a socialist, there is a difference)
@@ThePaperCreater You dumb as fuck is what you are
Hhh WD funny how he gave an intelligent answer all you could do was throw out a meaningless insult
can you talk about macro in paper 1? i thought just micro
What exam board are you doing
crowding out?
Didn’t even show the graph
Just use the monopoly graph moving to competitive outcomes
@@hasanmiahh exam tomorrow hhhh
@@hstudies indeed 2 hours to go
@@alimetallic2258 good luck random stranger
@@ea.fitz216 and you random stranger
Can i contact you through email?