Harrod Domar* model and the concept is quite simple. First of all it's only really applicable in LICs and MICs where's there's a low level of savings largely due to very low real incomes and a lack of access to financing ie banks and online services. This means that a larger part of the population is unable to invest so investment is low, particularly in businesses and self investment and to take on opportunities. This leads to low levels of capital stock and less is accumulated overtime, relative to the capital stock accumulation in other countries. With low capital stocks, business can't expand, can't build new assets, and can't spend on employment, research etc so the economic growth remains at a slow pace. Slow economic growth is equivalent to low levels of income and spending, hence savings remains low and the cycle continues. The Harrod Domar model insists that LICs and MICs remain at slow economic growth for long periods of time and is hard to get out of. The inverse can also be assumed for HICs such as UK or USA where high savings rates= high levels of investment = high capital stocks and faster economic growth.
Can I meet you in reality? I dont know how to express my appreciation to your videos. I really want to buy your a house when I succeed in economics one day
Yo Dal, for Edexcel A, are you sure you can get application marks for own knowledge? Because in my mark scheme it didn't mention anything about awarding own knowledge.
Hi Dal, Basically right I did a stupid thing in the exam today and answered context 1&2 in section A and forgot there was a section B. (I just froze on the spot I don't know what happened). So what do you think the examiners will do? Will I be limited to getting a maximum of 40/80?
Why do cleaners have inelastic WED? Aren't they substitutable by other labour, like a primary league footballer could switch to cleaning since cleaning requires lower skills but cleaners can't just switch to PL football like that.
Honestly you deserve a knighthood for your services to economics.
Could you do a video on the Harold domar model please?
yep harrod domar please
hahrud dome-R would be swell
bro what is that
Harrod Domar* model and the concept is quite simple. First of all it's only really applicable in LICs and MICs where's there's a low level of savings largely due to very low real incomes and a lack of access to financing ie banks and online services. This means that a larger part of the population is unable to invest so investment is low, particularly in businesses and self investment and to take on opportunities. This leads to low levels of capital stock and less is accumulated overtime, relative to the capital stock accumulation in other countries. With low capital stocks, business can't expand, can't build new assets, and can't spend on employment, research etc so the economic growth remains at a slow pace. Slow economic growth is equivalent to low levels of income and spending, hence savings remains low and the cycle continues. The Harrod Domar model insists that LICs and MICs remain at slow economic growth for long periods of time and is hard to get out of. The inverse can also be assumed for HICs such as UK or USA where high savings rates= high levels of investment = high capital stocks and faster economic growth.
My man Dal has a monopsony for buying XL Durex!
you taught me so much within 25 minutes compared to my professor within a entire semester. thank you.
15:35 loooooool
Jaisul Naik 😂😂😂😂😂😂😂 Dal is the man
the fact that he said personal experience is class, though i may not be able to use that one for my application
shut up mate
I was revising infront of my parents😀
15:35 What a ledge!
The free market give you the XXL size ;)
Econplusdal? More like Econplusdaddy
im your daddy
yall-
😂
real
dal's missus is one lucky lady.
Durex from personal experience ahaha
Can you do one for macro? with reference to developing and developed countries
Thank you so much you're honestly such a great guy
Can I meet you in reality? I dont know how to express my appreciation to your videos. I really want to buy your a house when I succeed in economics one day
this man is literally him
Really appreciate this. Been trying to look for good examples to fit into my answers for the longest time, THANK YOU 😁😁
Incredible video! Was literally going to spend hours doing this today but being the economic god you are, you've done it for me!
Callum C why none of this in spec?
its own knowledge and can be uses to assist EVERYTHING in the spec
Callum C preach it🙌🏾
we should buy this guy a car
mrminiature11 yeah let's just buy him a 365 day oyster card think of all the positive externalities
what an absolute lad you are man
great video, 👍from INDIA
you're making lives simpler
Sincerely, thank you for enhancing my insertando. If it was not for you, I would not have passed 😍😍
Could you possibly do another for macro please, its quite soon? Thank you so much, this is great
I assume he will release one after the micro exam
now we're all gunna have the same context- reckon the examiners will clock?
Econdal is the most certi guy going
i actually love this guy
you are famous in INDIA✌
MY MAN! Brilliant stuff.
Thank you soooooooo much!! God bless you loads! This is amazing!
Please can you make a 2018 updated version for macro and micro examples. Cheers
Could you please do a video like this for the macroeconomic a-level exam?
dal is a legend
youre a top don
you life saver Dal, love you long time pal xx
so thankful for you!
Omg someone please say in their exam 'from personal experience' if they use DUREX as an example, would be jokes 😆😆😆
THIS IS AMAZING
You're the God we need, but not the God we deserve!
Nice vid vikkstar, keep it up
EconplusDal doing bits once again
My exam is in a few hours, thanks for the timely video!
THANK YOU THANK YOU THANK YOU
Yo Dal, for Edexcel A, are you sure you can get application marks for own knowledge? Because in my mark scheme it didn't mention anything about awarding own knowledge.
this is so much infomaton woahhhhhh
You're an absolute don for this
Sion Williams I
25 Minutes?? You spoil us
THanks so much for this. Could we get one for macro too
Hi Dal,
Basically right I did a stupid thing in the exam today and answered context 1&2 in section A and forgot there was a section B. (I just froze on the spot I don't know what happened). So what do you think the examiners will do? Will I be limited to getting a maximum of 40/80?
Daanish Chughtai enjoy the U grade
What did u get
@@crispycharcoal9640 got an E for that paper, but A* in both other papers so got an A overall
@@daanishchughtai2496 Thats mental fair play lad
You da real mvp
what a legend
For the Market Failure 'slide' at 8mins. Isn't driving cars a consumption externality rather than a production?
Some car and van driving is for production : such as the moving of goods from one factory to another.
true, cheers geez
You are amazing
Thanks
MY HERO
For CSR Innocent Smoothies/Juice for sure :))))
Hello i love your vids, can you please make one like this for MACROECONOMICS
Can this still be used for my exam in 2020?
Yes
@@erinmangata1876 what about 2023
Thankyou
This may seem stupid but... when should I mention these points? honestly I never thought to add little case studies or examples such as these
Can these examples still be used in 2023 exams?
WHAT A BAE
why did I take econ?
You used fast food as an example for inelastic demand, but surely it is elastic as most people won't pay any price for fast food?
Could you make an updated 2018 version please
Durex 🤣🤣🤣 I’m so using that
Does this apply to the 2018 exam? @EconplusDal
You are my daddyyyyyyyy. see this video 1 day before my qualified exam
love you
howww do I memorise all this
is this for ocr?
Hero
Who’s here night before exam
can someone explain RPI-X and RPI+K or direct me to a video of Dal's that does
Durex..Personal Experience hahahaha
Exams in 2 hours. Hopefully this helps 😂
I LOVE YOU
Why do cleaners have inelastic WED? Aren't they substitutable by other labour, like a primary league footballer could switch to cleaning since cleaning requires lower skills but cleaners can't just switch to PL football like that.
❤️❤️❤️❤️❤️
luv u
i love you
Will You Marry Me
2022?
OMG LOOOOOOOOOOL.....
Isn't it just labour who want to increase the minimum wage? Didn't think the Tories dis
i love you