Aggregate demand | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
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- Опубліковано 29 лют 2012
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Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward sloping
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Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course
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6:07 the first is called the wealth effect. let me write these down, the first is called the wealth effect. Wealth. the first is called the wealth effect.
The income effect right?
I didn't get that...
Alex Thompson ?
@@tomo0086 they're joking about how he repeats it while writing it down
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Did u pass?
I know it's been years, but I was curious. Did you end up passing your econ class?
Thankyou so much for making these videos. You have saved me on all my micro and macro exams. i really appreciate this because i am a visual learner and reading my text book over and over just wasn't clarifying it.
I like how in the foreign exchange explanation, we use price level decrease to show that the domestic currency weakens and THAT would drive exports, rather than the antecedent itself. I figure that aggregate demand is more readily thought about as "what if everyone became twice as rich" rather than "what if price levels were half".
You did a better job explaining this to me in 13 minutes than my prof' in 5 hours. Thank you!
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I just came across your comment and was curious. Did you end up passing?
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My friend who works in economics thinks the entire Congress should have to watch these before they're allowed to do anything with the budget. It should be required of them, especially Mr. Boehner and Mr. Ryan, "who thinks he knows how to come up with sensible budgets but doesn't know diddly squat."
He told me Congress controls the budget, NOT the president but Congress. The president can only make suggestions, he claimed, but Congress makes the final decision.
I did not know that before I met him.
more more!! this is awesome. I see your pace is speeding up! makes me excited!
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You explained in 14 minutes better than what my proffesor did in an hour. And he's one of the better ones I have.
Finally someone who can explain this in plain english. Thanks
My economics text calls the third effect the "open economy effect" - when prices go down, the demand for domestic goods goes up, (purchased domestically or via exports) therefore the RGDP goes up
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How'd your exam go?
@@PunmasterSTP Well, it went pretty bad actually (despite how hard I studied). The concepts I studied that were on the practice test weren’t on the real one. However, the crazy twist is that my professor ended up curving the whole class enough to take my final grade from an E to a C-! I don’t think I’ve ever been so excited to get a C- in my life. Lol I think the big curve was because I wasn’t the only one who got confused by the practice test. I can definitely say though that if the final were more like the practice test I would have passed. These videos were amazing.
@@FoundMyBrave That’s crazy but I’m glad it worked out! How are your classes going this semester?
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I wish health and happiness to you and all the people you love!
My teacher blows, paying 50,000 to learn more from a youtube video thank you
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It helped me a lot in clarifying some misconceptions I got!
Hey
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Great stuff. One thing about interest rates. Its really the central bank that sets it based on its analysis of the current economical conditions. Not the amount of money saved. Money is lent by banks even if the bank doesnt have it - its created out of thin air. Creating money is a power given to banks by the GOV. Thx
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I know it's been almost a decade, but I just came across your comment and was curious. How did that macro test go?
@@PunmasterSTP LOL hey man, must have been for an economics class I had back in community college. I think ultimately I got a B in the class so it seemed like most tests went all right, can’t remember though.
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@@PunmasterSTP hey lol this is weird i forgot about this comment... yep i took it and my final exam is actually in 4 days! Tbh its probs my fav subject, rlly interesting an once u understand it its not too difficult - challenging, but not impossible
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I know it's been almost a decade, but I just came across your comment and was curious. How did the rest of your classes go?
@@PunmasterSTP got a passing mark and have been working a white collar job for over 6 years now haha
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It don't go down.
IT DO GO DOWN!!
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I was getting so confused because I'm from the UK and was wondering why the dollar would weaken if our interest rates decreased! Anyway good video Sal!
Thanks for the video. You teach 100x better than my Economics professor who is probably paid 6 figures a year.
currently 12:28am exam is at 9:00am wish me luck
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LOLL I found it so funny when he said that one day you wake up and the prices have just gone down and nothing changed
Thank you for your explanation!!!
It helped me a lot in clarifying some misconceptions I got!
But I got one question that I still don’t understand
My teacher told me Aggregate Demand is equal to C+G+I+NX, which is GDP at market price
I don’t understand why aggregate demand equals to C+G+I+NX
Can anyone pls help me explain this?
omg great job khan !
Sal, I love your videos. I'm student rn and have like no money to spare but I promise you I'll always donate a percentage of my income to Khan Academy when I grow up.
Thanks so much,,, 😊