the best way of explaining an economic theory.Perhaps Economics is not that hard to understand leaving the fact that the people who explain them make them utter nonsensically complex
Hmm as an economic student I really dont find economic theory complex; on the contrary these mathematical models with assumptions are quite easy to understand (even the more complex ones) causes this one is a very basic one). BUT what is complex really is to understand how the economy REALLY works and the immense complexity of it. The most important thing really beside of course understanding the models is to be able to criticise and understand what the assumptions implies ... The most difficult areas to study are the ones who deals with the basic axioms on which other science (the more concrete ones as economics or sociology for instance) relies on in order to make their own theories. I would say its firstly philosophy (analytical, logic, epistemology,...), mathematics in particular but i would say physics would be pretty close as well.
Where is the next part of this video?I am unable to find your video in which you have dealt with limitations of Harrod Model as you have said in this video.
You are such an amazing tutor Andrew! But you never uploaded the video on the limitations of the model. I went through your playlist but found nothing :(
This model is interesting to know bus so simplistic and basic that it doesn't encompass a lot of things such as the impact of a higher saving rate on the long term consumption ...
Beautiful presentation and teaching. However, I'm a little sad after learning the fact about my country's (Ghana) economic growth at the beginning of the video.
I have to criticize you for an important thing about 1 st assumtion of harrod-domar model that you wrote. Actually, İn Harrods dynamic, Savings are not lead to Investments . Ex-ante Investment have to be equal to the ex-post savings . Namely, Investment had be done , later savings pay the bill.
This is not the model. You got wrong 2 of the assumptions. This is a bad semplification that just miss the main point and argument of the proper model (instability of growth)
Very helpful, wish you could cover another model with an explanation as simple as this.
Loved the way you explained the model. I have issues focusing on something but this video had my attention the whole time. Thanks!
u r a great tutor
i can not believe i did not understand this model before i watched your video,thank you
Very well explained. Thank you.
u should make more videos on economics .. you are amazing at explaining .
Assumptions
1.S=I
2.Inv lead to change in cap stock I=∆k
3.Constant C-O ratio r=K/Y
Thank You!Short Precise and Clear!
the best way of explaining an economic theory.Perhaps Economics is not that hard to understand leaving the fact that the people who explain them make them utter nonsensically complex
Hmm as an economic student I really dont find economic theory complex; on the contrary these mathematical models with assumptions are quite easy to understand (even the more complex ones) causes this one is a very basic one). BUT what is complex really is to understand how the economy REALLY works and the immense complexity of it.
The most important thing really beside of course understanding the models is to be able to criticise and understand what the assumptions implies ...
The most difficult areas to study are the ones who deals with the basic axioms on which other science (the more concrete ones as economics or sociology for instance) relies on in order to make their own theories. I would say its firstly philosophy (analytical, logic, epistemology,...), mathematics in particular but i would say physics would be pretty close as well.
thank u! I just needed to get the concept! you'd be a great teacher if you aren't already
This is a good economics explanation ,thank you.
Where is the next part of this video?I am unable to find your video in which you have dealt with limitations of Harrod Model as you have said in this video.
You are such an amazing tutor Andrew! But you never uploaded the video on the limitations of the model. I went through your playlist but found nothing :(
very clear explanation of harrod domar model
YOU EXPLAIN IT BETTER THAN MY PROFESSOR
This video really saved me.thanks a lot.hope you will make videos about other models too.
This model is interesting to know bus so simplistic and basic that it doesn't encompass a lot of things such as the impact of a higher saving rate on the long term consumption ...
So helpful❤ from Ethiopia 🤝
You are awsome man 💯💯
Thank you
But I would like to know about the criticism addressed to this model
Beautiful presentation and teaching. However, I'm a little sad after learning the fact about my country's (Ghana) economic growth at the beginning of the video.
this is so so helpful thank you so much
thank you , you saved my ass before final exam
Fantastic explaination
Great video!!
Thank you so much for this video. It helps me a lot for my class presentation.
Brilliant. Thank you!
This is a good start. Unfortunately, there is an error at 7:40 minutes into the presentation. This can be fixed.
thank you! that was great!
Thank you so much
Thank you so much, why can't the USPC guys come up with this guys teaching method...
ty
Thank you so much!
so interesting
Thank-you!
well defined
thank you
please make vedio on solow model
Helpful. Thank you
So helpful
thank you!
Thank youuuu
Saving leads to Investment (theoretically) but is Savings = Investment??? maybe expound on that
Thanx man
One doubt that ∆y/y is growth rate not just ∆y
very helpful
I have to criticize you for an important thing about 1 st assumtion of harrod-domar model that you wrote. Actually, İn Harrods dynamic, Savings are not lead to Investments . Ex-ante Investment have to be equal to the ex-post savings . Namely, Investment had be done , later savings pay the bill.
1:21
I think this is so importan
This is not the model. You got wrong 2 of the assumptions. This is a bad semplification that just miss the main point and argument of the proper model (instability of growth)
This is so boring