thank you man, just because of you I have passed my exams. I managed to not study at all then watch your videos and become homo economicus god. Love you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Also you can evaluate whether deflation will occur in the economy if you have used that as a advantage of an SSP. For example with interventionist SSP's AD will increase due to rising government spending therefore meaning the LRAS shift will not cause deflation
Brilliant vid. Shocked by the terminology ‘negative stakeholder impacts’ 😱😱😱😱 Distressing for someone who has studied more psychology than economics! I’d have gone with ‘human cost’ at least. So we’ll explained tho.
Stakeholder also includes the government, producers and other economic agents which is why they're all summarized as "stakeholders". It's not meant to be derogatory
Loving the content man, Great help, Legend. One question though, at the start of the video about achieving macro economic objectives, if long term rates of inflation decrease resulting in a stronger exchange rate wouldn't that make exports more expensive making them less competitive on the world market? You could argue this would fail to improve the B.O.P as demand for exports would fall and demand for imports would rise as they become cheaper. Don't fully understand that part.
With deflation, workers can not argue for higher wages and hence do not feel as wealthy and therefore do not suck in imports from abroad, decreasing the value of imports. Also, our exports become more competitive for foreign countries and hence the value generated from exports increases significantly, giving an improvement in the BOP.
Awesome videos! Quick question: Can you also use a positive output gap diagram to show an increase in productive potential of the economy when using supplly-side policy measures?
@@javyroo9405 Supply-Side Policies can be used in macro because they increase the supply of goods which will lead to economic growth but they can also be used in micro-economic policies because they aim at making markets and industries operate more efficiently and contribute to increasing levels of growth of real national output. That’s what I’ve been taught by my teacher but I’m no economist aha 🤣
Its the classical theory rather than the Keynesian theory. Classical economists believe that in the long term, the economy is always at full capacity and therefore always at full employment.
Love your videos! However, isn't subsidies to promote investment to firms are free market supply side policies? As you cannot force firms to perform invest actions
you can show the demand increasing, but there is no inflation as the increased supply pushes the price level down anyway. So in the end, you can show the economy operating at higher RGDP at the same price level.
@@JK-vm7yo ohh it was a mock. Mine is the real ones happening rn. U seem to be doing the right thing just stay consistent and you'll be great next year.
as you learn in micro, generally the free market will most efficiently allocate resources. market based policies are based on that assumption, the idea that reduced taxes will encourage people to spend their money in the most rational way possible. interventionist policies assume market forces alone cannot allocate these resources efficiently therefore the government must implement policies to correct any market failure - essentially correcting positive externalities in consumption
Can import duty reduction be considered as market related supply side policy, as the entire global supply is available to a single country at a reasonable price, thus effectively making the supply line of that product parallel to the GDP axis(X-axis).
Because in a recession you are trying to get the economy running and you want inflation; these supply side policies are mainly for preventing inflation once the economy is booming, therefore, you need to divert attention to expansionary demand side policies
Isn't lower income tax a demand-side policy. It increases disposable income, making demand for goods services bigger. How does that increase productive potential? It makes sense for lower corporation tax to increase productivity
Let him cook what? Pls don't write nonsensical things here because that's really annoying. Here's helping us for crying out loud yet you are saying this nonsense. I can't stand your nonsense.
why is tax reform considered a market based policy when tax rates are controlled by the government, does that not mean they are interventionist. econplusdal i have a shrine of you in my house
Reducing taxes is market based as it allocates more money into the market and less into the government - INCREASING tax is interventionist as it does the opposite
Bros a literal supply side policy for education
He isn’t a policy buddy
Well for eco students he is coz they come here to be productive and increase their knowledge capacity so he is in a way policy 😂😂😂😂😂😂
I needed a good non bias kinda view to form an opinion
the word literal suggests that this is a normative statement and so is biased
Ive watched around 8 hours of your videos today and I still feel like hour one, ready to go and excited to learn. I appreciate you Dal!
did you not reach negative marginal utility
@@gregg6077 the utility of dal's videos is forever maximized my friend
@@krishkodali1841 law of increasing marginal utility :)
Awee Krish u cutie pie
@@saaromessi4343 Saar❤️😍🤩
bro is a living legend
i cancelled the like to keep it at 69 :D
thank you man, just because of you I have passed my exams. I managed to not study at all then watch your videos and become homo economicus god. Love you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
your videos are absolutely LEGENDARY
Living legend saving our asses
Well done EconplusDal.
You are literally a gem!
Econdaddy 👑
Bro is just writing essays for us
loving the new outro mate
Amazingly with those 10:36 second explained very well ..............and I learn so much out of it . Thank you
Also you can evaluate whether deflation will occur in the economy if you have used that as a advantage of an SSP. For example with interventionist SSP's AD will increase due to rising government spending therefore meaning the LRAS shift will not cause deflation
Thank you so much!! Saved my exam lol
How does someone dislike this?
they don't
Brilliant vid. Shocked by the terminology ‘negative stakeholder impacts’ 😱😱😱😱
Distressing for someone who has studied more psychology than economics!
I’d have gone with ‘human cost’ at least.
So we’ll explained tho.
Stakeholder also includes the government, producers and other economic agents which is why they're all summarized as "stakeholders". It's not meant to be derogatory
dedicating whatever grade i get (hopefully good) to him😎
My bro 💪🏾
You are brilliant
Thank you
coldd 🥶
amazing stuff
big up dal uno
Dal the king
Could you do a video on supply-side policies and the macroeconomic objectives? Your videos are amazing. Thanks so much!
thank u i love you
Legend!!
Loving the content man, Great help, Legend. One question though, at the start of the video about achieving macro economic objectives, if long term rates of inflation decrease resulting in a stronger exchange rate wouldn't that make exports more expensive making them less competitive on the world market? You could argue this would fail to improve the B.O.P as demand for exports would fall and demand for imports would rise as they become cheaper.
Don't fully understand that part.
With deflation, workers can not argue for higher wages and hence do not feel as wealthy and therefore do not suck in imports from abroad, decreasing the value of imports. Also, our exports become more competitive for foreign countries and hence the value generated from exports increases significantly, giving an improvement in the BOP.
Awesome videos! Quick question: Can you also use a positive output gap diagram to show an increase in productive potential of the economy when using supplly-side policy measures?
I think so
Unreal stuff
Can’t believe my exam is in an hour
Why did u revise macro for a micro test mate 😂
@@javyroo9405 Supply-Side Policies can be used in macro because they increase the supply of goods which will lead to economic growth but they can also be used in micro-economic policies because they aim at making markets and industries operate more efficiently and contribute to increasing levels of growth of real national output.
That’s what I’ve been taught by my teacher but I’m no economist aha 🤣
real 💀
Love u g💗💗
Cheers dal
can you explain why the supply curve is vertical?
Its the classical theory rather than the Keynesian theory. Classical economists believe that in the long term, the economy is always at full capacity and therefore always at full employment.
Love your videos! However, isn't subsidies to promote investment to firms are free market supply side policies? As you cannot force firms to perform invest actions
🐐🐐
thnx vikkstar
bruv he looks identical to Vik 😂😭
Doesnt a increase in the LRAS automaticly also lead to an increase in demand (bcs of more jobs) and hence inflation?
you can show the demand increasing, but there is no inflation as the increased supply pushes the price level down anyway. So in the end, you can show the economy operating at higher RGDP at the same price level.
EconGOATdal
The 🐐
Bro by watching your videos the ppc has shifted outwards as labour has become more productive
The question is will i be able to revise all three policies in 4 days hmm
yes
@@umarhc I did- this shit is piss and my exam went ok tbf
@@JK-vm7yo Congrats what exam board u with?
@@umarhc Im in year 12 and with AQA
@@JK-vm7yo ohh it was a mock. Mine is the real ones happening rn. U seem to be doing the right thing just stay consistent and you'll be great next year.
if someone could send me the link for the contractionary monetary and fiscal policy videos, it would be much appreciated
Same I dont think he made those videos
please can you explain how tax reform is not interventionist because the government surely is the one who changes it? cheers
Because they remove goverment intervention technically the goverment intervenes but with all market based reforms the goverment has to remove control
as you learn in micro, generally the free market will most efficiently allocate resources. market based policies are based on that assumption, the idea that reduced taxes will encourage people to spend their money in the most rational way possible. interventionist policies assume market forces alone cannot allocate these resources efficiently therefore the government must implement policies to correct any market failure - essentially correcting positive externalities in consumption
legend！！！！！！！！！！！！！
🙏🏽🙏🏽
Can import duty reduction be considered as market related supply side policy, as the entire global supply is available to a single country at a reasonable price, thus effectively making the supply line of that product parallel to the GDP axis(X-axis).
Yes this falls under trade liberalisation point
DalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDalDal
Why would SSP not be used in a recession?
Because in a recession you are trying to get the economy running and you want inflation; these supply side policies are mainly for preventing inflation once the economy is booming, therefore, you need to divert attention to expansionary demand side policies
Isn't lower income tax a demand-side policy. It increases disposable income, making demand for goods services bigger. How does that increase productive potential?
It makes sense for lower corporation tax to increase productivity
The goat
up the dal
mf simply clutching up my econ IB score
What is lras?
Long Run Aggregate Supply
👍👍👍👍👍👍👏👏👏👏👏👏💖💖💖💖💖💖
let him cook
Let him cook what? Pls don't write nonsensical things here because that's really annoying. Here's helping us for crying out loud yet you are saying this nonsense. I can't stand your nonsense.
@@AneleDube-b7y bro restarted
@@AneleDube-b7y tf
goat
W
1st comment 🤪🤪
I WILL increase the GDP of your country Dal.
why is tax reform considered a market based policy when tax rates are controlled by the government, does that not mean they are interventionist. econplusdal i have a shrine of you in my house
Reducing taxes is market based as it allocates more money into the market and less into the government - INCREASING tax is interventionist as it does the opposite
Thank you
🐐🐐🐐