This is great content, I'm currently studying economics, but due to the COVID 19 situation I've had to be in quarantine and regular classes have been cancelled , nevertheless you're videos are helping me keep on track and study on my own. Thanks a lot for sharing your knowledge!
would be good if you could provide more real life examples and not explain only the theory, it helps us understand and visualize concepts, thank you, continue the great work
Hi Mr. Willis - I hope I spelled it right ;-) Thank you so much for providing such good content! I have a questiom regarding short run aggregated supply: Since the pandemic caused a supply chain crisis a change in aggregated supply has happened (due to lower productivity for exaplw in China): Resources are now way more expensive than they used to be. Hence aggregated supply has decreased which led to rising prices or put in other words inflation. Usually inflation should lead to a increase in short-run aggregated supply as long as other factors like wages aren't rising. Now this is not possible because of the limited resources. My question is now, what is happening right now? Shouldn't these two forces form an equilibrium at some point - at least as long as everything would happen in the same country?
If one resource in short run aggregate supply is fixed then how firms can increase the production quantity to get higher revenues at high prices(while wages are fixed)?
This is GOOD STUFF-----VERY CLEAR---I am going to use for my A-level classes
Fantastic! I’m glad to hear it was useful. Spread the word and thanks for the support!
This is great content, I'm currently studying economics, but due to the COVID 19 situation I've had to be in quarantine and regular classes have been cancelled , nevertheless you're videos are helping me keep on track and study on my own.
Thanks a lot for sharing your knowledge!
immensely useful, clear and practical lectures!
Thank you. This is very simple and straightforward
These Videos are so good. I am not even a student and I think everybody should watch them just for their knowledge. I am giving a like to each video
Very well done. I really like your teaching videos.
i will love economics because of you keep the good work
Thankyou you saved me from failing ❤️
would be good if you could provide more real life examples and not explain only the theory, it helps us understand and visualize concepts, thank you, continue the great work
This is my first comment on you tube, and am leaving the the comment because u r too good
Thank you Mr. Willis!
crystal clear explanation ......
Good global examples of the theory
Glad you enjoyed it!
Love your videos !
Hi Mr. Willis - I hope I spelled it right ;-)
Thank you so much for providing such good content!
I have a questiom regarding short run aggregated supply:
Since the pandemic caused a supply chain crisis a change in aggregated supply has happened (due to lower productivity for exaplw in China): Resources are now way more expensive than they used to be. Hence aggregated supply has decreased which led to rising prices or put in other words inflation. Usually inflation should lead to a increase in short-run aggregated supply as long as other factors like wages aren't rising. Now this is not possible because of the limited resources.
My question is now, what is happening right now? Shouldn't these two forces form an equilibrium at some point - at least as long as everything would happen in the same country?
Very cool...! Thanks so much..
You are the best!
what a great video 👍
Nice lecture
School is just a waste of time.. These sources are enough for everything
If one resource in short run aggregate supply is fixed then how firms can increase the production quantity to get higher revenues at high prices(while wages are fixed)?
they raise the level of exploitation if their workers
macro tomorrow