get you a man who looks at you the way EconplusDal looks at diagrams

Dal you free Monday Morning 9am ish to sit a paper for me?

@nogs1656

5 жыл бұрын

Ben Cook good luck mate, I’m in the same spot with the same paper

Dal for love island 2019

When you realise that there are 35,000 students sitting economics this year and daals videos for Paper 1 got 35,000+ views 😬

@jobless5866

2 жыл бұрын

Different exam boards 😂

@finn-xo4kv

Жыл бұрын

people be watching it more than once

Thankyou for your service but I’m still failing

1:25 Dal’s inner Indian coming out there DiagRRRRRam

Econplusdal filling these information gaps providing perfect knowledge every day 🔥

Gonna need to remember these to redeem the fuckup of paper 1

@1RAGEACE

5 жыл бұрын

i dont care if theres no numbers. dats a positive statement bro

@MoA-xu1qx

5 жыл бұрын

😭😭😭good luck

@harryvj6397

5 жыл бұрын

LouisFX if macro is fine, the synoptic should be a walk in the mark. That’s normative for you

One dislike is the examiner who just realised we have Dal

He uploads this a day before the exam because he knows nobody studies sooner anyway

@HeadshotFilms1

5 жыл бұрын

Arijan A day before the exam??!! He uploaded it 6 days ago and the exam is in 2 days lmao what are you on

@elliswoods9194

5 жыл бұрын

@@HeadshotFilms1 shiiiit did u revise for the wrong paper???

@HeadshotFilms1

5 жыл бұрын

Ellis Woods what are u talking about lol micro was on monday this video is about macro. Macro is on Thursday (in 2 days)

@elliswoods9194

5 жыл бұрын

@@HeadshotFilms1 ik mb i replied to the wrong person, i mean the other guy

@ArijanRace

5 жыл бұрын

Look around boys, not everyone goes to your school remember?

No one gets me as excited about economics as Dal

Inner economics demon at 1:26

good luck for tomorrow people

@zonaab8252

2 жыл бұрын

Good luck g

@vinoorth

2 жыл бұрын

Good luck guys

why evaluate when you can edaluate

@lenard3935

3 жыл бұрын

ejaculate?

If I am being completely honest, almost 100% of my economics knowledge and understanding comes from you, since my teachers cannot explain diagrams that well, thank you good sir.

Wonder how many lines of a powder Dal does before recording one of his videos ..

@sonalj4081

5 жыл бұрын

Amchur mango powder right?

@bynx3959

5 жыл бұрын

Which sniff of a mango gets him cracked ready for the videos.

Looking back at this video and I am now in my second year of uni... You are the reason for my A* economics in alevel !!! Your contents are so helpful and they really help to ease the pain of self-studying during the pandemic back in 2020! Life savior and God bless you:))

@cgo5161

Жыл бұрын

lol you also got inflated grades

@suzzeth5577

Жыл бұрын

Still got the grades

@Pod.Snipsz

3 ай бұрын

fake grades tho anyone could've clutched an A*

I’m literally watching your entire y1 macro playlist , thank you for saving my grades :)

You did it!! Thanks to you I was able to get that 7!!!!

No man ever was as dal is. True legend

Dal's way toooooo hyper rn 😂😂😂

Many thanks. Two and a half hours to go...

@Pnut007

Жыл бұрын

1 hr now

ty bhai ji

It would be really helpful if you could do a detailed video on Solow growth model.

god knows this is the first time seeing some of these graphs but hopefully also the first time I can use them today for my paper 🙏

this is some real heat

You have saved many lives today

Dal you're a king! I'll catch you next year for A-level

@lethaltarget9798

5 жыл бұрын

For a levels just watch all his videos, your teachers won't be as good as him

you're amazing, thank you so much :)

Damn Dal looking fresh af

Fresh trim yeah

0:27 Impact on macro objectives from AD and LRAS shifts Growth, unemployment, inflation, trade (possible: balancing the government budget and inequality) 1:27 Natural rate of unemployment Links to structural, frictional and seasonal unemployment , can show impact of supply side policies to reduce the natural rate (shifts the real labour supply curve) , shows difference between full employment and those actually willing to take jobs, voluntary unemployment 3:26 Free trade Shows benefit of trade (allocative efficiency due to exploiting comparative advantage, higher economic growth, lower prices, increased choice, higher consumer surplus), compares to the equilibrium of an economy under autarky (no trade), shows reasons for protectionism (domestic producers have decreased demand, lower revenue and higher unemployment) 4:26 Tariff diagram Reasons for protectionism (Protects infant industries, dumping in the global market, decrease unemployment, reduce trade deficit), shows government revenue, higher prices, lower quantity and choice (lower consumer surplus), deadweight loss due to government intervention (productive inefficiency due to goods being produced at a higher cost, less exploitation of comparative advantage, and allocative inefficiency due to misallocation of resources) 5:34 Comparative advantage (PPF) Shows benefits of specialisation (allocative efficiency) and trade, have numbers ready to show comparative advantage (lower opportunity cost of producing a good compared to another country), new PPF shows consumption beyond previous PPFs of both countries and increase in world output with trade, however assumes perfect factor mobility, homogenous goods and simplicity of only two economies producing two goods 7:51 Laffer curve Relationship between tax revenue and tax rate, evaluation to fiscal policy, an increase in income tax beyond the optimal point will result in decreased tax revenue, a decrease in income tax could increase tax revenue (should the original point be beyond the optimal point) 8:35 Crowding out effect Expansionary fiscal policy funded by government borrowing, crowds out private sector investment, increase demand for loanable funds and increase interest rates, impacts SR and LR growth 9:31 Liquidity Trap If economy is in a liquidity trap, where interest rates are so low that individuals in an economy has converted all their assets into cash, so expansionary monetary policy loses effectiveness 11:21 Poverty trap/cycle Illustrates barriers to economic development and growth

When you didn’t go other half these diagrams in class 🤦‍♂️

You and your vids are such a merit good!!!

@econplusdal wouldn't it be better to explicitly refer to the Harod-Domar model, especially as it offers a bit more detail?

On the free trade diagram is Q3 Domestic consumtion, and Q1 the new domestic production, then Q1-Q3 is the imports?

I swear IB wouldn't be the same without EconplusDal 🙏

Why are you reading the comment instead of listening 😂

Daddy dal at it again

literal GOAT

Banging

wow how times have changed, now we are trying to increase the interest rate as much as we can to STOP spending

dal the goat

Dal ur a god

Daddy Dal

God i love this guy

My most watch channel on youtube my goat

A good day to Dal hard 😎

I was just thinking about your p2 diagram videoooo 😭😭😭❤❤

Econpluschawal? Econplusroti? Econpluscurry? nah - ECONPLUSDAL

Interesting Timing Dal

@maxnaro

5 жыл бұрын

Avery Frits indeed 😌

Can you show how supply side policies affect the natural rate on unemployment using diagram 2?

@frankmorgan1353

5 жыл бұрын

shift the actual supply of labour curve right, closer to the slf curve. It will show a smaller natural rate of unemployment, which in the British context you can say should be 3% which is the frictional rate that you cant get rid of unless you are Starlin forcing people into jobs and not allowing them to transfer.

0:34 had me going like, yeah I guess I really am a simple shit

someone help quick. Why does LRAS shifting out lead to more trade?

@dinosbraz4553

5 жыл бұрын

don't know if you had your exam yet but economic growth in essence means low unemployment which means 1. people are working, hence the country can produce more (LRAS) shifts to the right, and since they produce more they can sell more or/and export more. Also such economy can ultimately achieve economies of scale which can make them more competitive in the global market, 2. more disposable income and a higher level of aggregate demand, the population demands/wants more imports, and given that the economy is developed then usually they have a strong currency which means that imports are cheaper, so trade increases. This can however lead to a trade deficit (and the government or the central bank can devalue the currency in order to minimise a current account deficit) blah blah you get the gist of it. Also if you're going in for paper 2 then the little article describes the type of good so be wary of price elasticity of demand.

Which ones are for AS?

Are these specific for A2? Or are certain applicable for AS content? Also I assume this is true, but just to check, are these graphs useful for all exam boards?

@user-xd8vw3jj2s

5 жыл бұрын

Applicable for both but more A2 with liquidity trap stuff (remember theoretically any diagram in the whole of economics would work for economics). Useful for all exam boards

@MonsterMo

5 жыл бұрын

Finlay Morrison Ah right cool, thank you

Is number 2 an alternative to Phillips curve?

@ViralClipsTube

Жыл бұрын

Not at all, number 2 shows how the natural rate of unemployment is calculated whereas in the philips curve natural rate of unemployment is assumed. They're linked but not the same, philips curve is also about the relation of inflation with unemployment, this curve is the relation of wages with the number of workers

How are 3 and 4 macro diagrams? don't they come in trade?

Hi, why does an increase in LRAS lead to a fall in cost-push inflation ?

@jason-os3jg

5 жыл бұрын

no its because cost of production have decreased for firms through supply side policies such as increased productivity through perhaps and investment in education , which translate into lower prices thus decreasing cost-push inflation

Got an exam in like 10 hours, dalling hard rn😭

At 0:58, why does ↑ AD mean a worsening of the trade balance? Should it not benefit the trade balance?

@mutsaxx2374

Жыл бұрын

basically people have more disposable income and will buy more imports (especially in the UK where it is a net importing country) and as show on the circular flow of income, imports are a withdrawl from the circular flow thus reducing AD. I hope that helps :)

isn't your comparative advantage diagram an absolute advantage diagram? i got told for comparative advantage you want one country to have an absolute advantage in both and comparative in one to make your point clearer

Can someone explain exactly why interest rates can't fall below i1 in diagram 8?

@frankmorgan1353

5 жыл бұрын

they can just there would be no point, it would have no affect on AD which is the motivation for expansionary monetary policy, also with a very low interest rate you are penalising pension holders which is politically not great so no government would go below i1 as it has no benefit but is negative for some people.

@adetunjiadeniyi9993

5 жыл бұрын

there's a negative interest rate in Japan@@frankmorgan1353

@pronk4321

Жыл бұрын

​@@adetunjiadeniyi9993thats because demand has not become flat at that interest rate (becaz ppl still have assets or savings that can be converted into cash, so there will be an impact on borrowing becaz of that)

Stop, your increasing the grade boundaries

@jnr_certi

5 жыл бұрын

Literally

@taranrai6655

5 жыл бұрын

True but I think boundaries might be lower because economics exams are one of the first ones in may last 2 years they were all in June

@jesseskd04

5 жыл бұрын

@@taranrai6655 I hope you're right

@taranrai6655

5 жыл бұрын

@@jesseskd04 Hopefully! im with aqa but I think its same dates for all exam boards

I only know 2/9 diagrams shown in this video 😭😭😭😭

@ishaanthakur3550

5 жыл бұрын

You must be SL

@kratosable132

5 жыл бұрын

thats two more than me

@lyricaljaffacakes2946

5 жыл бұрын

it might not be on your spec, ask your teacher

@hn6498

5 жыл бұрын

@@kratosable132 lol

Won't increased government spending financed by borrowing reduce supply of loanable funds and shift the supply curve to left? Why did you shift the demand curve to the right?

@nicolehungg

Ай бұрын

it’s because government borrowing means theres increased demand for loans

lets sniff mangos lads!!!!!!!!!!!¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬

WHY!! WHY!! WHY!! WHY you.re over excited Dal!!!

You forgot the Smith Curve

@ramonwang1968

5 жыл бұрын

@econplusdal Daddy dal, behold the Smith Curve, for thats gonna make u prime minister

Please Dal pappy help me im gonna fail my exam tmr

why

@jimiosborne8731

Жыл бұрын

omg big fan