I got an A in A-Level Economics and don't think I could have achieved this without your videos! Thanks so much for taking the time to make them. I'll defo be using these videos when I study econ at Uni.
@@elizabethannuk graduated with a MSc in Economics w/ Computer Science and I’m on a graduate scheme with a placement at a reputable banking firm now. So worked out pretty well tbh
I just stumbled upon your video series. Having watched this particular clip, I already feel that a word of thanks is in order. Your explanations are crystal clear and settles well in my head.
Just finished economics today (a2 and also reset as earlier) and just wanted to say a big thank you! Couldn't have done it without your help, can't thank you enough!
THANK YOU SO MUCH - I honestly really appreciate your videos they're interesting and incredibly well-explained :) *loud cheers from an ib class in Peru*
Hi Sir.. Could you possibly do a video on questions such as how a recession is one country affects the UK economy, Ie a recession in China or in a Euro country. This will be invaluable for all students taking the exam. Thanks
is the terms of trade similar to the balance of payment because when talking about the improvement and deterciations sounds very much like the surplus and deficits. Thank you I did find this video helpful
Your videos are great, thanks! Would it be possible for you to make some videos on the labour market, so the demand and supply for labour, wage determination, trade unions etc... It comes up in A2 Micro.
When you talk about improvments and Deterilation are you talking about Surpluses and Deficits or is it a completely different thing you are talking about
amazing videos, could you make videos on how depreciations/appreciations affects trade balance. also chain reactions on practice of contents to put into questions/essays, i.e this leads to this which leads to this e.t.c
What if I am a small country that imports batteries (thus no market power on the battery market) and all of a sudden the world price for batteries increases. Does it have an impact on my ToT? I was assuming that the rise of the world price on the battery market would lead to the increase of my "total weighted price of imports", which again would lead to a decrease of my ToT index.... which makes me less competitive on the world market. Is this correct??? sorry for bothering...studying for my econ exam >_
Would an increase in supply which causes the developing country to export more but at a reduced price improve or worsen TOT since this measures the price of exports not quantity sold?
I'm a little curious. If two countries trade and one country experience an improvement of its terms of trade by, say, 10 percent, does that mean the terms of trade of the other country deteriorated by 10 percent?? If so, does that mean that if one country wins, the other always lose?
Yes, if there is only 2 countries. Country A's improvement in TOT doesn't necessarily mean a deterioration for country B though if there are many countries because country A's export price change won't have enough market power to influence the overall average price of the world exports that country B could import. Technically there is definitely a change but because the changes are very small that for simplification can be ignored.
I get confused as I swear countries want cheap exports as this makes them more competitive and improves the balance of payments on the current account, but then surely this whole theory goes against it as it wants export prices to increase to cause an improvement on trade postion.
can an increase in tot lead to an appreication of the currency? if so how is this poosible? becasue wouldn't an increase in TOT (which increases export prices) lead to a depreciation in the currency as higher export price?
watching all the ads to support this GOAT>>>>
I got an A in A-Level Economics and don't think I could have achieved this without your videos! Thanks so much for taking the time to make them. I'll defo be using these videos when I study econ at Uni.
How have you done?
@@elizabethannuk graduated with a MSc in Economics w/ Computer Science and I’m on a graduate scheme with a placement at a reputable banking firm now. So worked out pretty well tbh
@@BK29111 nice one, cool to see you replied 6 years later haha
@@BK29111 The only person to everr give us a follow up on a youtube video
@@BK29111 how much would you recommend a double major in CS and Economics?
BINGED WATCHED ALL THE VIDEO A DAY BEFORE THE EXAM , FEELS GOOD
I just stumbled upon your video series. Having watched this particular clip, I already feel that a word of thanks is in order. Your explanations are crystal clear and settles well in my head.
Whoa. 5 years ago! How are you doing now?
Mate thanks a LOT for ur help just received my a level n I got A for economics . Cheers mate much appreciated
Much better than my unit 4 economics teacher thanks
Thank you so much for all your videos, I have a cie as level today and I couldn’t have studied everything without your videos. Thank you!
Just finished economics today (a2 and also reset as earlier) and just wanted to say a big thank you! Couldn't have done it without your help, can't thank you enough!
This guy is bae.
THANK YOU SO MUCH - I honestly really appreciate your videos they're interesting and incredibly well-explained :) *loud cheers from an ib class in Peru*
You have succeeded pajholden's throne.
you're videos are needed to succeed in economics
your*
Hello just checking how are you doing its been 5 years
5:08🙏🏾🙏🏾🙏🏾🙏🏾.Thank You....more than what meets the eye
I’m so happy I found this channel it’s been so helpful
donnn!!! anyone who watches your videos and uses em well is defo OP. no one can beat him
luv ur stuff man... IM A HUGE FAN
keep doin what ur doin
U're a life saver man, u really are! Thanks for those helpful videos
Have my Eco paper 2 tomorrow, ur a life saver!! :D
Well that went ass
@Muhammad ali Soomro uhmm from what i can remember a a lot about BoP, exchange rates and unemployment. Not sure what u mean by board?
@Muhammad ali Soomro uhm International Baccalaureate, idk if that answers ur question haha
@Muhammad ali Soomro ahhh good luck man
Thank you so much. This video really help increasing my understanding on this topic.
Thank you so much, it makes sense now! Cheers from The Netherlands
This might be my new favourite man! Though not sure I would relate agriculture to a SR change...
thanks for laying it out so clearly! The IB book is really wordy sometimes, and the wording just makes things very confusing.
Paj Holdens successor
7:59 really important point for exams developing countries on income
Hi Sir.. Could you possibly do a video on questions such as how a recession is one country affects the UK economy, Ie a recession in China or in a Euro country. This will be invaluable for all students taking the exam. Thanks
is the terms of trade similar to the balance of payment because when talking about the improvement and deterciations sounds very much like the surplus and deficits. Thank you I did find this video helpful
Your videos are great, thanks! Would it be possible for you to make some videos on the labour market, so the demand and supply for labour, wage determination, trade unions etc... It comes up in A2 Micro.
+OsMoZe EmranN M Coming, at the top of my to do list
U r awesome and my great mentor
TOT is market determent or might be control by government regulation?
When you talk about improvments and Deterilation are you talking about Surpluses and Deficits or is it a completely different thing you are talking about
Clear explanation, thank you!
amazing videos, could you make videos on how depreciations/appreciations affects trade balance. also chain reactions on practice of contents to put into questions/essays, i.e this leads to this which leads to this e.t.c
thanks very much- could u please make a video on "discuss and EVALUATE the impact of policies aimed at reducing poverty"
thanks
+Stacey Dun Stacey, here you go ua-cam.com/video/5mI8_TefNPY/v-deo.html
thanks lol didn't see that ( got a A* in my year 10 end of year exams because of u)- thanks again
In the equation, are the figures in the fraction calculated just by the price of the goods (including weighting) or also by quantity?
What if I am a small country that imports batteries (thus no market power on the battery market) and all of a sudden the world price for batteries increases.
Does it have an impact on my ToT?
I was assuming that the rise of the world price on the battery market would lead to the increase of my "total weighted price of imports", which again would lead to a decrease of my ToT index.... which makes me less competitive on the world market.
Is this correct???
sorry for bothering...studying for my econ exam >_
Why can't they just use absolute values instead of weighted ones?
because every nation consumes different amounts of a certain product. that's why have to weigh same accordingly
you
Enables the ability of comparison between countries and or time period of one or more countries for reference.
Would an increase in supply which causes the developing country to export more but at a reduced price improve or worsen TOT since this measures the price of exports not quantity sold?
I now get it! Thanks :)
please continue making them
I'm a little curious. If two countries trade and one country experience an improvement of its terms of trade by, say, 10 percent, does that mean the terms of trade of the other country deteriorated by 10 percent?? If so, does that mean that if one country wins, the other always lose?
Doesn't win as much*
Yes, if there is only 2 countries. Country A's improvement in TOT doesn't necessarily mean a deterioration for country B though if there are many countries because country A's export price change won't have enough market power to influence the overall average price of the world exports that country B could import. Technically there is definitely a change but because the changes are very small that for simplification can be ignored.
Thanks. In what currency are exports and imports?
I get confused as I swear countries want cheap exports as this makes them more competitive and improves the balance of payments on the current account, but then surely this whole theory goes against it as it wants export prices to increase to cause an improvement on trade postion.
but if people demand more stuff in the country the import prices would rise, right? wouldn't that harm the terms of trade?
can an increase in tot lead to an appreication of the currency? if so how is this poosible? becasue wouldn't an increase in TOT (which increases export prices) lead to a depreciation in the currency as higher export price?
you the man thanks!!
Very helpful thanks
legend
How does this effect government?
7:55
why have you stopped making videos??
8:50 In terms of primary Commodities Lol your Tummy still eats the same quantity of food ,its just your taste that develops🤑🤑🤑🤑
free ma boi jama
Escape the matrix lads. 😎
Dushi sent me
I luv u
Harris Battersea Economic teachers are so baddddddd
plz tell me kannada
bruh
Please stop saying BAS-KIT!!!
make your own videos then pronounce it as you wish
bruh he's just joking -_-