I just had my econ final, didn't understand what was going on the whole semester, binge watched your videos and here I am with an A- for the year. Thank you!
I bought the packet and it was the best purchase EVER! I learned Micro in 4 days binge watching your videos (and passed my final), and now I'm learning Macro. I haven't used any other sources. Thank you for taking the time to do these, I encourage EVERYONE to buy the packet, it's worth the $10 and it will help you a lot!
Sir i want just you to know that if i passed both of my micro and marcecon classes then it's all because of you! Because i am taking macro and micro econ with the same profs, and he has bad handwriting and he jumps here and there that makes me lost as hell in class, and he tends to drag things too long which doesn't fit in my attention span. I like your teaching style how it's short and sweet and CLEAR, I can learn much more things in much lesser amount of time here than in class. 4 mins of your video is more than 2 hrs of my econ classes. Now i don't even bother to listen in class anymore since he gets me lost just 5 mins into the class, i don't write down his note too since i can't recognize what he writes on the board, all i do is come back home and watch your videos and within a few mins i'll be good to go. Thanks again! Most of my classmates can't tell what his writing on the board, and most of us will get discouraged, and i told them about your videos, and they told me i saved their asses! LOL.
I know I'm a bit late to the party here, but thank you so much for making these videos man. You've saved the asses of numerous university/college students. It's crazy to think that there are professors making ridiculous amounts of money when they can barely teach anything right -- especially compared to you. Cheers.
bruh!!! Glad you make videos like this. Everything click when you said " the trick is to remember when there is recession wages will eventually fall and when there is inflation wages will eventually go up!!! my final is next week and this chapter was putting me on my knees LOL
My econ teacher is very good but I enjoy going over these videos to help get a better understanding of the topics that I study for Macro (she only teaches micro.) Thank you.
As a non-native always have to change the speed at which the video is played to 0.75 cause you´re speaking so incredibly fast. But I like the way you explain things. Thanks for all these helpful videos!!
Thank you man for all your support because I almost decided to kidnap my instructor's 8 year old son to pass the course but your videos helped me a lot. Now I decided to enter to the exam tomorrow.
Wtf!!! Pardon my French!!! Dude, my head has been burning for this stupid topic!!! Hours days weeks reading about it.... It took you 3 mins!!! 3 mins!!!!!!!! I'm so angry ugh!!!!!! I hate you in all the loving ways!!! You're incredible...!!! Thank you so much
Alfred Hitchcock I don’t hate her but she was very strict and had a thick Ugandan accent so it was hard to understand her and if you asked her to repeat herself, show wild get increasingly mad. Why do you ask?
@@aaroncrumbley I just came here because I was taking a Macroeconomics course in edX to enhance my forex trading skills. I was just curious how are you right now, 5 years after and do you still see the relevance of taking Economics in College?
Case 1: stock market crash (affect Consumption) A shift in AD to the left causes recession (rising unem, falling prices) -> in the long run, wages will decrease -> cost of production decrease -> AS rises
When price level increases, workers can demand higher wages, but there is no guarantee that they can get it, meaning that if they don’t, AS stays where it is, instead of moving towards AS1. The result is that a temporary increase in output level becomes permanent, meaning that LRAS moves to the right and we suddenly realize that we can do so much more than we think we could. Also, if increase in AD is due to increased investment which leads to innovation that yields higher level of output, then we would also see right shift of LRAS rather than the left shift of AS. The model seems to suggest that either working habit is a constant or technology is a constant, or both... but they are, in the real world, constantly evolving...
2:28 Wasn't the FDR's administration doing everything to prevent this self-correction? They tried to prevent wages from going down by introducing a federal minimum wage, created cartels by working with big businesses and engaging in price fixing at higher levers, limited agricultural supply by paying farmers not to produce, etc.
Hi Jacob, I'm having a problem understanding the long-run self-adjustment you explained from 2:00 onwards. Isn't it that in an inflationary gap, as the price level increases that the AS should increase as well, as more producers are willing to supply stuff since there is bigger demand which raises the price level? You said that AS decreases in an inflationary gap, which then raises the price level even higher. On the other hand, it is also logical to me that in a recessionary gap, as the AD decreases, AS should decrease as well as fewer producers are willing to supply stuff when AD and hence the price level is lowered. You said that in such recessionary gap cases, when wages and price level fall, AS increases, but why would AS increase as a response to lower prices? It is illogical to me that way. Also, both scenarios in the way you explained them end up at a different price level compared to the one they started at, so how is that self-adjustment? Your answer would mean a lot, I must be missing something crucial here. Thank you for your work!
In 3 minutes you summed up what my teacher tried to teach in 3 weeks.
facts
Fr
thats so true lmao
That's too accurate.
hahahah i watch ur videos didnt expect to find u here
I just had my econ final, didn't understand what was going on the whole semester, binge watched your videos and here I am with an A- for the year. Thank you!
same bruh lets kill this ap exam in may
Player72 ye boyy
congrats!
@@terrapins what you get unc
@@scotts6996 5 on macro and micro it was slight
What's good about his videos is that they are short, yet very precise. Thank you for this!
omg...ur explaination is even better than my lecturer
+Shihui Yeong he summed up in three minutes what my lecturer was trying to do in an hour
Very easy to understand and I like it! im using it for my exam now
SAME GIRL!
i guess you are from ntu?
Your Econ videos have helped me get a good grade in my college class. Thanks for providing clarity where there was once confusion!
+Weston James I'm glad I was able to help Weston. Make sure to subscribe:)
He is the best teacher I have found on UA-cam! You take time to explain and not rush through like many instructors. U R the BEST
My teacher has been "teaching" this for the past week and this video taught me more than that in 4 minutes.
I bought the packet and it was the best purchase EVER! I learned Micro in 4 days binge watching your videos (and passed my final), and now I'm learning Macro. I haven't used any other sources. Thank you for taking the time to do these, I encourage EVERYONE to buy the packet, it's worth the $10 and it will help you a lot!
Sir i want just you to know that if i passed both of my micro and marcecon classes then it's all because of you! Because i am taking macro and micro econ with the same profs, and he has bad handwriting and he jumps here and there that makes me lost as hell in class, and he tends to drag things too long which doesn't fit in my attention span. I like your teaching style how it's short and sweet and CLEAR, I can learn much more things in much lesser amount of time here than in class. 4 mins of your video is more than 2 hrs of my econ classes. Now i don't even bother to listen in class anymore since he gets me lost just 5 mins into the class, i don't write down his note too since i can't recognize what he writes on the board, all i do is come back home and watch your videos and within a few mins i'll be good to go. Thanks again! Most of my classmates can't tell what his writing on the board, and most of us will get discouraged, and i told them about your videos, and they told me i saved their asses! LOL.
No matter what some people say in some of your premium videos, those free educational vids help me so much. Thanks a lot.
you've explained Aggregate Demand, Supply and long run better than my university lecture and tutors ever have!
this is my favorite economic channel, which is second to none. Hope it can last forever.
I know I'm a bit late to the party here, but thank you so much for making these videos man. You've saved the asses of numerous university/college students. It's crazy to think that there are professors making ridiculous amounts of money when they can barely teach anything right -- especially compared to you. Cheers.
bruh!!! Glad you make videos like this. Everything click when you said " the trick is to remember when there is recession wages will eventually fall and when there is inflation wages will eventually go up!!! my final is next week and this chapter was putting me on my knees LOL
i'm from germany and my hole course is learning with your videos for the exam tomorrow! Thank you very much!
+Nils Horn You are welcome Nils
*whole
embarrassing :D
The shifts in the graph have probably confused me the most ever since we started learning AD/AS. This has clarified so much more, thank you so much!
+CALIDRUMMER I'm glad I was able to help
Dude... These videos are old but they are better than my 2000.00 macro university class.
Thanls for being amazing.
I have macro and micro exam next week, just listening to you made me feel so confidence. thank you.
Best teacher ever!! Everything makes sense now 😭
Thank you Mr. Clifford :)
When ever I feel that my concepts are dieing I start watching your videos
This man is truly a life saver...
OMG, I was going crazy with this concept in the book. You were so clear, in just few minutes!! Thank you so much :)
Although I'm almost done with my economics classes I still subscribed because you helped me get through it all. Thank you!
Thank GOD for this channel, you are helping me get through my online economics class by explaining it in a way that I understand. TY!
I'm going to have final exam in two days, you really helped me a lot! Thankyou So much !!!
Nice job man, you literally explained the concept in less than 10 minutes that took my instructor 3 weeks
My econ teacher is very good but I enjoy going over these videos to help get a better understanding of the topics that I study for Macro (she only teaches micro.) Thank you.
Thank you. I learned more in your 4 minute video than I did in a 4 hour lecture.
You make so much more sense that any overpriced textbook. You are a fantastic teacher!
thank you thank you! I wish I had you for a teacher, this is so condensed and comprehensive!
As a non-native always have to change the speed at which the video is played to 0.75 cause you´re speaking so incredibly fast. But I like the way you explain things. Thanks for all these helpful videos!!
His explanation is awesome and really clear. It really helped me understand all these terminologies better
Thank you man for all your support because I almost decided to kidnap my instructor's 8 year old son to pass the course but your videos helped me a lot. Now I decided to enter to the exam tomorrow.
I'm so glad I found your channel! Now I feel confident in getting an A for my AS Level (UK) economics exam.
Great job Mr. Clifford! A big thank you from a portuguese BSc in Economics student!
Still watching this in 2019. I had no idea what the professor said, but now I do.
Seriously this guy is good! What a great teacher.
You are really good at this, the way you explain and demonstrate. I wished I had you as my teacher.
I owe you so much that I watch the advertisement put up by you as they generate revenue for you 😊
Wtf!!! Pardon my French!!!
Dude, my head has been burning for this stupid topic!!! Hours days weeks reading about it.... It took you 3 mins!!! 3 mins!!!!!!!!
I'm so angry ugh!!!!!!
I hate you in all the loving ways!!!
You're incredible...!!!
Thank you so much
Your lessons, help me score well in my assignments..
You are a very helpful man , i found a new teacher
+Ian Kamwende I'm glad that it was helpful
This guy is the real mvp. #LikeForDecroly
Thanks to you I'll be able to pass my test, thanks so much from Perú
Your explanation is so easy to understand. Thank you so much!!
I love you. You're such a great teacher and great person too !
amazing job!!! very clear understanding prof.
3:37 "Hopefully that makes sense"-It does now, thank you!
awesome! didn't quite get it in class but u made it a lot clearer! thanks!!
Man you are amazing explained a pelothra of things and cases in just 3 min which my book took 10 pages
Can you come teach my Macro Econ class? My college professor is horrible...
Try taking a half semester online class with a bland text book. Gosh videos like these are necessary to pass
@@ParaguaneroSwag This is where we all are right now haha
i assume you have graduated from college now. do you still hate your professor?
Alfred Hitchcock I don’t hate her but she was very strict and had a thick Ugandan accent so it was hard to understand her and if you asked her to repeat herself, show wild get increasingly mad. Why do you ask?
@@aaroncrumbley I just came here because I was taking a Macroeconomics course in edX to enhance my forex trading skills. I was just curious how are you right now, 5 years after and do you still see the relevance of taking Economics in College?
I appreciate what you do sir From South Africa.
My economics professor teaches in a 1 hour lecture and I don't understand anything, then I come here and I understand it within 2 mins!!
Your videos are Amazing you saved my life for my economics exam ! THNKS!!!! :)
These videos are amazing. Thank you for making these concepts so clear!
I've never learned so much in 3 minutes and 40 seconds
thanks champ! you've saved my economics grade
love to this man, explains it very very clear.
YOU SAVED MY GPA. THX
Thank you Jacob ! You just made my life so easy !
40 seconds in when the graph came to life the heavens opened and I finally understood.
My final is Saturday you made the concepts clear.
Thanks
I seriously learned alot from you. Thank you for being you !
For a second I thought you were Mark Cuban. Great video
you are too good i got no words
Thank you for all your videos!
Amazing..respect from India
You rock! do you do the CFA economics content? I just love how simple you make everything.
Would love a video on the savings and investments diagram!
Thank you for these great videos, they help a lot!
thank you Mr Cliffard
Oh My Gosh, I just realized that you look like Mark Cuban!
I thought so too lol
A litle bit
He does OMG
Some say they're twins.
he is totally my type. I need him.
Your lessons are awesome thanks
Thank you for your effort ! really clear explanation
Thanks a lot man, your videos are extremely helpful.
THANK YOU I have gained so much knowledge 😍
You make everything so easy!! Thanks :)
oh my god .....you explained the topic within 3 minutes.
you helped me a lot! Great video !
Thank you for you videos, very helpful.
You are the best! You make things as easy as ABC.. (Y)
thanks! super helpful
thank you man,you are great
Great video, clear explanation thank you so much! what is according to you the best solution to stagflation?
thank you so much foe these videos they are very very usefull!!
Thank you, extremely helpful
I have to watch this so often. M.
Case 1: stock market crash (affect Consumption) A shift in AD to the left causes recession (rising unem, falling prices) -> in the long run, wages will decrease -> cost of production decrease -> AS rises
thanks sir i aways get distinctions in Econ because of you ..
Great vid, thanks
When price level increases, workers can demand higher wages, but there is no guarantee that they can get it, meaning that if they don’t, AS stays where it is, instead of moving towards AS1. The result is that a temporary increase in output level becomes permanent, meaning that LRAS moves to the right and we suddenly realize that we can do so much more than we think we could. Also, if increase in AD is due to increased investment which leads to innovation that yields higher level of output, then we would also see right shift of LRAS rather than the left shift of AS. The model seems to suggest that either working habit is a constant or technology is a constant, or both... but they are, in the real world, constantly evolving...
2:28 Wasn't the FDR's administration doing everything to prevent this self-correction? They tried to prevent wages from going down by introducing a federal minimum wage, created cartels by working with big businesses and engaging in price fixing at higher levers, limited agricultural supply by paying farmers not to produce, etc.
Awesome👏👏👏
This video just saved my life, hehehe...
Can I ask what determines aggregate supply in a closed economy and how?
Love your videos
Thanks!!!!
God these videos are helpful! Thank you!!
Hi Jacob, I'm having a problem understanding the long-run self-adjustment you explained from 2:00 onwards. Isn't it that in an inflationary gap, as the price level increases that the AS should increase as well, as more producers are willing to supply stuff since there is bigger demand which raises the price level? You said that AS decreases in an inflationary gap, which then raises the price level even higher.
On the other hand, it is also logical to me that in a recessionary gap, as the AD decreases, AS should decrease as well as fewer producers are willing to supply stuff when AD and hence the price level is lowered. You said that in such recessionary gap cases, when wages and price level fall, AS increases, but why would AS increase as a response to lower prices? It is illogical to me that way.
Also, both scenarios in the way you explained them end up at a different price level compared to the one they started at, so how is that self-adjustment?
Your answer would mean a lot, I must be missing something crucial here. Thank you for your work!
Thanks man 😊
Wow. Simply wow.