Phillips Curve | Long Run Phillips Curve | Short Run Phillips Curve | ecoso

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  • Опубліковано 14 жов 2023
  • Hello everyone! We generally expect the government to control inflation and reduce unemployment. However, in reality, achieving both of these goals simultaneously is not possible. In this video, we will explore why controlling inflation and reducing unemployment together is impossible with the help of the Phillips Curve. We will delve into the short-run and long-run Phillips Curve in detail, accompanied by diagrams. I hope this will be helpful. All the best! 👍
    #ecoso #phillipscurve #shortrunphillipscurve #longrunphillipscurve #phillipscurveexplained #phillipscurveinhindi #phillipscurveineconomics #Nairu #inflationandunemploymenttradeoff #sybcom
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КОМЕНТАРІ • 87

  • @bolt8295
    @bolt8295 8 місяців тому +28

    Currently the best teacher for economics in whole UA-cam, thank you for explaining the concepts clearly, we miss you ma'am, hoping for your comeback.

    • @ecoso
      @ecoso  8 місяців тому +3

      Wow, thank you for your inspiring words 💫 Keep watching

    • @shantichaudhary-te8ri
      @shantichaudhary-te8ri 2 місяці тому

      Really nice video

  • @shibaprasadkhamari7556
    @shibaprasadkhamari7556 21 годину тому +1

    Very nice madam ,,ur teaching style is perfectly understandable.

    • @ecoso
      @ecoso  20 годин тому

      Glad to hear from you 😊

  • @user-yd6xz9vy5e
    @user-yd6xz9vy5e 3 місяці тому +4

    Regularly waching your vidios before going to class for teach ug students lt is very helpful to me l am a senior lecturer 30 years experience blesses to you make the students happy

    • @ecoso
      @ecoso  3 місяці тому +1

      Thank you so much Sir for your kind words and support! I humbly seek your blessings for my future journey 🙏

  • @PunmasterSTP
    @PunmasterSTP 8 місяців тому +7

    Phillips Curve? More like "Perfectly informative video; superb!" 👍

    • @ecoso
      @ecoso  7 місяців тому +1

      Thank you for your kind words ✨️

  • @pranjaljadhav8138
    @pranjaljadhav8138 4 місяці тому +2

    Very well and easliy explained , it seemed to me complex topic but u explained very precisely and smoothly🌼

    • @ecoso
      @ecoso  4 місяці тому

      Glad to hear from you. All the Best 👍

  • @kiwiswitzerland2856
    @kiwiswitzerland2856 8 місяців тому +3

    Sis you make best explanation videos for economics which is very useful during exams - Thank you for that!
    A Request: Would like if you could make a video on Kuznet consumption puzzle, permanent income hypothesis

    • @ecoso
      @ecoso  7 місяців тому

      Glad to hear from you 😊

  • @Lovenverfades
    @Lovenverfades 9 місяців тому +4

    tommorow i have my eco exam and u put the video thanksss

    • @ecoso
      @ecoso  9 місяців тому +2

      All the Best dear 👍

    • @PunmasterSTP
      @PunmasterSTP 8 місяців тому

      How'd your test go?

  • @Kaushiksharma1803
    @Kaushiksharma1803 9 місяців тому +4

    Thank you so much tomorrow is my exam got it so clearly ❤❤❤

    • @ecoso
      @ecoso  8 місяців тому +2

      Glad it helped!

    • @PunmasterSTP
      @PunmasterSTP 8 місяців тому

      Hey, how'd your exam go?

    • @Kaushiksharma1803
      @Kaushiksharma1803 8 місяців тому +1

      @@PunmasterSTP it went well and good

    • @PunmasterSTP
      @PunmasterSTP 8 місяців тому

      @@Kaushiksharma1803I'm glad to hear that!

  • @kgf0099a
    @kgf0099a 9 місяців тому +4

    Nice explanation....keep going

    • @ecoso
      @ecoso  9 місяців тому +1

      Thanks a lot 🙏

  • @NazibaMazumder
    @NazibaMazumder 2 місяці тому +1

    Best explanation ma'am Thank you so much❤😊

    • @ecoso
      @ecoso  Місяць тому

      Most welcome 😊

  • @leenamhaskar2352
    @leenamhaskar2352 9 місяців тому +2

    Can you make a video on measurement of income inequality - Lorenz curve , Gini coefficient

  • @rohit_rohit_15
    @rohit_rohit_15 2 місяці тому +1

    Thanks for this wonderful explanation🎉

    • @ecoso
      @ecoso  Місяць тому

      You're very welcome!

  • @nalindasivanesarajah8412
    @nalindasivanesarajah8412 Місяць тому +1

    Thank you!
    Could you please do the Tobin's Modified version of the Philips Curve also?

  • @yashvartak4053
    @yashvartak4053 5 місяців тому +1

    I am very much need of this lecture

    • @ecoso
      @ecoso  5 місяців тому

      Glad it helped you 😊

  • @suindude8149
    @suindude8149 5 місяців тому

    Yes the wage related theory suggests the general view of the ups and down in the economy of organization,as the GDP goes high the base of the theory changes thus rate of employment has the direct proportionment with wages,our feel is likewise.

  • @Shubhamverma-oq4gh
    @Shubhamverma-oq4gh Місяць тому +1

    NICE VIDEO MAAM I UNDERSTAND YOUR CONCEPT

    • @ecoso
      @ecoso  Місяць тому

      Glad to hear from you 😊

  • @BarshaSinghh
    @BarshaSinghh 8 місяців тому +2

    Thank you so much ma'am pls complete all sem of graduations and pg

    • @ecoso
      @ecoso  8 місяців тому +1

      You're welcome 😊

  • @korealfazz5981
    @korealfazz5981 20 днів тому +1

    Mam u r best teacher

    • @ecoso
      @ecoso  18 днів тому

      Thank you 😊

  • @user-ij2er3ml7b
    @user-ij2er3ml7b 3 місяці тому +1

    Great teaching ❤ thanku mam 🙏

    • @ecoso
      @ecoso  3 місяці тому

      You're most welcome 😀

  • @MyNguyen-bl7tp
    @MyNguyen-bl7tp 6 місяців тому

    I very much appreciate your detailed explanations of The Phillips Curve, ma'am. I have one question what does the original Phillips curve tell us about the AS curve in one year? I am confused about what the SRAS and SRPC will shift to in one year. And one year of this point, is it considered a short period or a long period, I am stuck on that point. Thank you so much and hope you respond.

    • @ecoso
      @ecoso  6 місяців тому

      Thank you so much for your kind words ✨️
      1. The Short-Run Phillips Curve (SRPC) can influence the Aggregate Supply (AS) curve. If policymakers aim to reduce unemployment by increasing aggregate demand through fiscal policy, it will lead to a higher price level in the short run. This, in turn, can impact Aggregate Supply in the short run.
      2. The terms short-run and long-run are relative terms. Generally in economics one year is considered as a short-run.
      3. Both SRPC and SRAS may shift in the short-run depending on government policies, trade cycles, external economic shocks etc.

  • @babubaby8050
    @babubaby8050 9 місяців тому +3

    Your teaching is very nice

    • @ecoso
      @ecoso  9 місяців тому +2

      Thank you so much 💓

    • @ecoso
      @ecoso  9 місяців тому +2

      Thank you dear 😊

    • @PunmasterSTP
      @PunmasterSTP 8 місяців тому +1

      Yes, I agree!

  • @Shubhamverma-oq4gh
    @Shubhamverma-oq4gh Місяць тому

    can you please make video on Adaptive Expectations and Rational Expectations

  • @nikhilwaghe6534
    @nikhilwaghe6534 3 місяці тому +1

    👌👍

  • @rahuldhakare2834
    @rahuldhakare2834 5 місяців тому

    Ma'am plz make video on inflation targeting and exchange rate targeting and it's working

  • @user-yd6xz9vy5e
    @user-yd6xz9vy5e 6 місяців тому +1

    Super teaching

    • @ecoso
      @ecoso  6 місяців тому

      Thank you 😊

  • @hemantarohidash8739
    @hemantarohidash8739 6 місяців тому +1

    Good explanation

    • @ecoso
      @ecoso  5 місяців тому

      Thanks for liking

  • @chowangsotayangtayang8424
    @chowangsotayangtayang8424 2 місяці тому +1

    ❤❤

  • @linajar9357
    @linajar9357 9 місяців тому +2

    Madam, while going from b to c in period 3 when unemployment increases due to economic slow down, why is inflation at same level? Why it's not coming down?

    • @ItsBuuuny
      @ItsBuuuny 7 місяців тому

      Because example: In india petrol prices are hike from 2020 but after slowdown in economy the price of petrol remain constant(Inflation rate) so,now people saying they are unemployed and the price of goods are high🎉

  • @user-yd6xz9vy5e
    @user-yd6xz9vy5e 3 місяці тому +1

    Superb madam

    • @ecoso
      @ecoso  3 місяці тому

      Thank you 😊

  • @manishanayak3446
    @manishanayak3446 3 місяці тому

    Mam please adoptive expectations and rational expectations pe video and NAIRU in long run hai😢 aur NRU ?

    • @ecoso
      @ecoso  3 місяці тому

      NAIRU

  • @harshchauhan8203
    @harshchauhan8203 9 місяців тому +2

    Can you pls upload video of money multiplier by 16th October?

    • @PunmasterSTP
      @PunmasterSTP 8 місяців тому

      Out of curiosity, what happened on October 16th? Did you have a test? If so, I hope it went alright!

  • @Notofficialvlogs22
    @Notofficialvlogs22 6 місяців тому

    Mam please make a video on Sybcom sem 4 "Shifting of tax burdens"

  • @arishakhan5517
    @arishakhan5517 Місяць тому

    Thankyou mam kal mera exam h thankyou so much❤

    • @ecoso
      @ecoso  Місяць тому

      You're most welcome 😀

  • @MM36302
    @MM36302 6 місяців тому +1

    thanks from pakistan ❤

    • @ecoso
      @ecoso  6 місяців тому

      You're most welcome 😀

    • @MM36302
      @MM36302 6 місяців тому

      @@ecoso ap india sy ho ??

    • @MM36302
      @MM36302 6 місяців тому

      @@ecoso india k kis city sy

  • @pintexkumar8752
    @pintexkumar8752 3 місяці тому

    Mam mujhe thoda long run phillips curve samajh me nahi aayi

  • @mona1110
    @mona1110 4 місяці тому

    Plz maths and statistics

  • @shreya.019
    @shreya.019 4 місяці тому +1

    Ma'am thoda bolne ki speed bass teez kro bht slow jare ho jisse video dekhne ka Maan nhi krta

  • @bunnyyt4973
    @bunnyyt4973 4 місяці тому +1

    I love you ❤

  • @prithviraj6954
    @prithviraj6954 25 днів тому

    Respect mam I have a doubt how can our beloved scientist jhon Philips can research for 96 years?? Since 1861 to 1957 ...or kuch kaam nhi tha kya?? Kindly reply mam🥹🥹

    • @ecoso
      @ecoso  23 дні тому +1

      Dear Prithviraj pls understand that Prof. Phillips studied the data of wage behavior in UK between 1861 to 1957. It doesn't mean that he studied for that many years...

  • @userunknown5233
    @userunknown5233 9 місяців тому +1

    Plz explain in English 😅

  • @nalindasivanesarajah8412
    @nalindasivanesarajah8412 3 місяці тому

    Can you do in English so students from all the states can learn?

    • @ecoso
      @ecoso  2 місяці тому

      Not decided yet.

  • @yusraqureshi4958
    @yusraqureshi4958 5 місяців тому +1

    How are your haal😂😂

  • @AnshPrasad
    @AnshPrasad 8 місяців тому

    Mam aapka naam kya hai

  • @favourvictor8684
    @favourvictor8684 16 днів тому

    What happened to the English you were speaking

  • @monojkantichakraborty9814
    @monojkantichakraborty9814 4 місяці тому

    worst explanation...
    Seems like some 12 students are giving presentation.
    Give proper explaination, along with the economics behind the shifting of curve

  • @manishkumarsahuu5667
    @manishkumarsahuu5667 4 місяці тому

    Mam aapka samjhane ka tarika sahi nahi laga