Y1 10) Aggregate Supply - SRAS & LRAS (Classical and Keynes)

Aggregate Supply - Classical and Keynesian Interpretation. A video covering Aggregate Supply - Classical and Keynesian Interpretation
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  • @jerryto803
    @jerryto8037 жыл бұрын

    Remember friends, in the long run we are all dead.

  • @maxmassetti3463

    @maxmassetti3463

    7 жыл бұрын

    I prefer, In the long run we are all bread

  • @ac7plays152

    @ac7plays152

    4 жыл бұрын

    Looking at it now, u were right my man (CORONA)

  • @senurikelly4794

    @senurikelly4794

    3 жыл бұрын

    BAHAHAHA

  • @_trm_4339

    @_trm_4339

    Жыл бұрын

    Nig(g)ar

  • @anasabdullahi8164

    @anasabdullahi8164

    8 ай бұрын

    No revise until your hair falls out and then it’ll be worth it when you work a 60k salary monotonous boring office job after 24 hard years of studying yhyhyhyhyh

  • @lucaslosantos8307
    @lucaslosantos83074 жыл бұрын

    "11:00" There could be a pandemic" EconplusDal predicted the future...

  • @chifaelebrun2738

    @chifaelebrun2738

    4 жыл бұрын

    he probably is working with the simpsons hahaha

  • @dboyagod

    @dboyagod

    3 жыл бұрын

    Not the first time he’s done this brow

  • @lots2410

    @lots2410

    3 жыл бұрын

    my exact thought

  • @Frenk33

    @Frenk33

    3 жыл бұрын

    bruh I was just about to comment that XD

  • @julienmary349

    @julienmary349

    3 жыл бұрын

    I was just about to check because I knew someone would've mention it aha

  • @hardevh4040
    @hardevh40407 жыл бұрын

    Not all heroes wear capes

  • @mert.a4240
    @mert.a42407 жыл бұрын

    Legend , King , hero, all hail Lord econplusdal the saviour of a-level economics

  • @axelpiesold4027

    @axelpiesold4027

    2 жыл бұрын

    goat

  • @DR-ld4jn
    @DR-ld4jn7 жыл бұрын

    I was just looking for this video and dal dropped it 3 minutes ago. This guy...

  • @Josh-wd5ex

    @Josh-wd5ex

    4 жыл бұрын

    That's the universe looking out for man :)

  • @aftikharmominzada1912
    @aftikharmominzada19123 жыл бұрын

    MY guy was talking about pandemic in 2017!!!!

  • @Josh-hs8hk
    @Josh-hs8hk4 жыл бұрын

    lol pandemic where have I heard that before

  • @mriduljain5210

    @mriduljain5210

    3 жыл бұрын

    HMMMMM

  • @furblinALFA

    @furblinALFA

    3 жыл бұрын

    ⊙﹏⊙

  • @joejackson1115

    @joejackson1115

    3 жыл бұрын

    Looked in the comments as soon as he said it🤣

  • @sarabordiga814
    @sarabordiga8143 жыл бұрын

    11:56 it could be a pandemic... me studying for my exams during a pandemic🤡

  • @aeronwynschache2257
    @aeronwynschache22575 жыл бұрын

    You have saved me and put my lecturer out of a job! Your explanations are so clear and detailed. The videos are perfect for my third-year economics classes. :D

  • @GgGg-tz1tl

    @GgGg-tz1tl

    Жыл бұрын

    no way this is university level, im 16 and im studying this at high school

  • @hobiiiiiiiii2699

    @hobiiiiiiiii2699

    Жыл бұрын

    @@GgGg-tz1tl I WAS ABOUT TO SAY CUZ SAME

  • @thesnackbandit

    @thesnackbandit

    Жыл бұрын

    @@GgGg-tz1tl Yeah right? This is a crazy comment. This stuff is Y1/ prerequisite Uni level because beyond that it's mostly mathematical modelling/

  • @_trm_4339

    @_trm_4339

    5 ай бұрын

    3rd year?? Wow. I am currently completing my phD in Economics and social policy and we have only just started learning this. Your class must be very smart!

  • @jaket8019

    @jaket8019

    3 ай бұрын

    this is gcse and alevel level, phd??? @@_trm_4339

  • @user-ct4xu8tk5x
    @user-ct4xu8tk5x3 жыл бұрын

    Econplusdal and chill anyone?

  • @kianthakrar1740

    @kianthakrar1740

    3 жыл бұрын

    BRILLIANT IDEA ;)

  • @georgepayne6075

    @georgepayne6075

    3 жыл бұрын

    Bit sus

  • @TheJosh1966
    @TheJosh19667 жыл бұрын

    11:52 cracked me up!

  • @berke-ozgen
    @berke-ozgen2 жыл бұрын

    Perfect summarization. Greetings from Turkey!

  • @donasikdar7232
    @donasikdar72322 жыл бұрын

    I cannot Thank you enough for your videos !

  • @louisacrevecoeur7273
    @louisacrevecoeur72735 жыл бұрын

    actual savior of ECO HL IB students.

  • @Ryan-tz2rg
    @Ryan-tz2rg3 жыл бұрын

    This man is a freaking genuis

  • @jacks7339
    @jacks73394 ай бұрын

    Forever on top 😤 thanks for everything dal

  • @Chadgaming_911

    @Chadgaming_911

    Ай бұрын

    Hey , aggregate supply is the total amt. Of goods and services that are produced and supplied in an economy . Or Aggregate supply is the total amount that all the entrepreneurs in an economy taken together must receive at given level of employment. So these both are correct and same or they are different Please clear my doubt... It looks like you have understood

  • @jacks7339

    @jacks7339

    Ай бұрын

    @@Chadgaming_911 I'm always eager to help young economists like yourself. The answer is the first one. Keep edging.

  • @nickymaboreke1530
    @nickymaboreke15304 жыл бұрын

    so clear.thats awesome Sir

  • @jakepeto2496
    @jakepeto2496 Жыл бұрын

    2:33 Dal just predicted the cossie livie crisis

  • @kickass1691774
    @kickass16917747 жыл бұрын

    yes Dal back with the videos keep it up!

  • @sb-wb5pt
    @sb-wb5pt4 жыл бұрын

    This guy is a legend 😁😁

  • @shuaichuchen9277
    @shuaichuchen92775 жыл бұрын

    Thank you so much!!! This really helps!!!

  • @mausambi613
    @mausambi6136 жыл бұрын

    Seriously you're GOD

  • @amantle8988
    @amantle89886 жыл бұрын

    Excellent!!!!!!i love this video

  • @nelsonvalderrama8371
    @nelsonvalderrama83713 ай бұрын

    Excellent class, thanks,

  • @mooncrestt5941
    @mooncrestt59413 ай бұрын

    So in like a normal question would I use the SRAS curve to like explain my point or LRAS or both

  • @rumpus8095
    @rumpus80957 жыл бұрын

    please make a video on the price mechanism

  • @tarisaindhlovu-de5ye
    @tarisaindhlovu-de5ye7 ай бұрын

    Great explanations

  • @avikmehta2696
    @avikmehta2696 Жыл бұрын

    amazing video!

  • @alumi9818
    @alumi98184 жыл бұрын

    So Keymesian model just combines SRAS and LRAS into one? Seems to me like classical interpretation is more useful for considering smaller periods of time, and Keymesian otherwise.

  • @WatoFBA
    @WatoFBA6 жыл бұрын

    Wow there are some nice bird calls in this video dal

  • @tersechrisgogo
    @tersechrisgogo6 жыл бұрын

    econplusjesus indeed

  • @conordevlin303
    @conordevlin3037 жыл бұрын

    could you please do another UK economy key data video for 2017 before the start of May before our exams start

  • @adriantwlok
    @adriantwlok6 жыл бұрын

    Dope video

  • @kyivstuff
    @kyivstuff3 жыл бұрын

    Thank you!

  • @blobar1231
    @blobar12313 жыл бұрын

    Thanks dude!

  • @onawong2773
    @onawong27734 жыл бұрын

    Is impose of indirect tax will case SRAS decrease or AD decrease ?

  • @zahin702
    @zahin7026 жыл бұрын

    Can you make a video regarding the IB econ ee in economics please :)

  • @FaizanNasir
    @FaizanNasir3 жыл бұрын

    very good video

  • @joejenks4181
    @joejenks41815 жыл бұрын

    yes daddy dal x

  • @anmoldedha4089
    @anmoldedha408911 ай бұрын

    Remember while studying keynes AS that it was develop during great depression and to explain failure of classical theory in depression. So that you can understand it better why keynes talked this idea of AS. “ monetary authorities and govt have to do something in short run otherwise Long run never come “ John keynes , 1933

  • @jasonsimhy
    @jasonsimhy7 жыл бұрын

    Hi Dal! Great video! In the U.K. Context isn't the y axis inflation instead of price level?

  • @sebastianmills-klee3929

    @sebastianmills-klee3929

    2 жыл бұрын

    General Price Level is the measurement of overall prices, so is reliant on inflation to increase or decrease, inflation means rising prices means rising price level

  • @odsaod823
    @odsaod82322 күн бұрын

    Thanks Vick star

  • @andrewdando2542
    @andrewdando25426 жыл бұрын

    Thank God I looked at this last minute.

  • @richardfiador842

    @richardfiador842

    5 жыл бұрын

    Great video. U r a genius

  • @maggiej2590
    @maggiej25905 жыл бұрын

    Thanks!!!!

  • @ana-lisa5962
    @ana-lisa59623 жыл бұрын

    In this video you say that SRAS may change because of COP rising or falling and you said that SRAS may be shifted because of wages, I watched your other video where you say that in the SR wages are fixed, I'm a lil bit confused about whether it shifts SRAS or not @EconplusDal

  • @Blalalala-xd5tl

    @Blalalala-xd5tl

    2 жыл бұрын

    They’re supposedly fixed, but if you think about it, we’ve seen it happen live throughout the pandemic, people have had to take pay cuts etc or have been made redundant, this would be to cut costs as the wages aren’t as affordable without business performance, someone can correct me if I’m wrong, but the logic is there, I think it’s more of an assumption that wages are fixed, you’ve gotta remember there are so many assumptions in economics, Such as the assumption that consumers are thinking rationally and wish to maximise their private benefit, yet you have to ask yourself, do all consumers actually act rationally? Fuck no lol

  • @classiccatastrophe1518
    @classiccatastrophe15182 жыл бұрын

    not all heroes wear capes

  • @lukaswilliams4108
    @lukaswilliams41085 ай бұрын

    Nice vid

  • @sabastianchetty2227
    @sabastianchetty22276 жыл бұрын

    Legend

  • @ana-lisa5962
    @ana-lisa59623 жыл бұрын

    That's soooo greaaat.

  • @danielo9555
    @danielo95554 жыл бұрын

    i thought that factor prices are fixed for SRAS, so how does cost of production change?

  • @MrSpeedyNinja

    @MrSpeedyNinja

    3 жыл бұрын

    Have u found the answer to ur question? As I also thought the same.

  • @curiousmuslimah9257

    @curiousmuslimah9257

    3 жыл бұрын

    Not all costs are fixed in the short run. There are variable costs eg cost of production which changes accoring to output level.

  • @MrSpeedyNinja

    @MrSpeedyNinja

    3 жыл бұрын

    its more to do with the fact that the shape of the SRAS curve is based on fixed factors of production but when they change, it causes a shift in sras

  • @marathesayu
    @marathesayu7 жыл бұрын

    What's WIDEC? Because every time I replay, I hear "Imports cheap, imports dear"

  • @WhoTFIsIrre

    @WhoTFIsIrre

    7 жыл бұрын

    Where Imports Dear, Exports Cheap.

  • @kavinaa9398

    @kavinaa9398

    2 жыл бұрын

    weak pounds imports dearer, exports cheaper

  • @marathesayu

    @marathesayu

    2 жыл бұрын

    @@kavinaa9398 thanks but i graduated 4 years ago

  • @kavinaa9398

    @kavinaa9398

    2 жыл бұрын

    @@marathesayu well done i got my exam tommoz

  • @marathesayu

    @marathesayu

    2 жыл бұрын

    @@kavinaa9398 Good luck you x

  • @gaganmakkar4991
    @gaganmakkar49917 жыл бұрын

    hey! Can you upload a lecture on LM curve full approach for income and employment?

  • @flutely
    @flutely Жыл бұрын

    Hi, Can you refer some good books to study from for macro economics?

  • @MS-qk5cz

    @MS-qk5cz

    Жыл бұрын

    for a level get the cgp alevel economics book

  • @adamaziz5
    @adamaziz53 жыл бұрын

    So what is Y1?

  • @korbenbyrne8221
    @korbenbyrne82213 жыл бұрын

    Yeah it probably could be a pandemic

  • @AG-om3sv
    @AG-om3sv7 жыл бұрын

    If you have a change in Costs of Production, how would you represent this on a Keynesian diagram? Can you?

  • @kickass1691774

    @kickass1691774

    7 жыл бұрын

    Aadithya Ganeshram yeah you just shift the AS to the left

  • @Overkill7200

    @Overkill7200

    7 жыл бұрын

    Wouldn't it be a shift up?

  • @theunbiaseddude

    @theunbiaseddude

    7 жыл бұрын

    brah there is no such thing as shift up. its either to the left or the right

  • @Overkill7200

    @Overkill7200

    7 жыл бұрын

    not necessarily, if you shift left or right on a keynesian as curve that implies a change in the productive capacity of the economy, but a short run change such as a change in oil prices wouldn't shift lras. Actually I don't know for sure, I just had some faint memory from y11.

  • @amariona6351

    @amariona6351

    7 жыл бұрын

    theres no such thing as short run on keynes as curve... its purely long run

  • @amberredhead3152
    @amberredhead31523 жыл бұрын

    NOT HIM PREDICTING THE PANDEMIC

  • @romant6018
    @romant60183 жыл бұрын

    Does the legend reply ???

  • @RyanDH19
    @RyanDH193 жыл бұрын

    Being up ecom

  • @user-dg8yl2cp1k
    @user-dg8yl2cp1k Жыл бұрын

    the goaaaat

  • @momalzaidi1225
    @momalzaidi12256 жыл бұрын

    plz tell shortcut full term SPICED And WIDEC

  • @Totalgamerz112

    @Totalgamerz112

    6 жыл бұрын

    Strong Pound Imports Cheap Exports Dear (expensive) and Weak [pound] Imports Dear (expensive) Exports Cheap.

  • @rohanreddy9331
    @rohanreddy9331 Жыл бұрын

    GOD

  • @Sammig8
    @Sammig8 Жыл бұрын

    Macro is so much more difficult for me to understand 😊

  • @duolingo0552
    @duolingo0552 Жыл бұрын

    Bro predicted the pandemic

  • @yuwang7980
    @yuwang79803 жыл бұрын

    EXAM IN 2 DAYS LESGOOOO

  • @yuwang7980

    @yuwang7980

    3 жыл бұрын

    @@jamesedwards3301 huh?

  • @rittandon9180
    @rittandon91807 жыл бұрын

    Gains

  • @pavanmardania217
    @pavanmardania2173 жыл бұрын

    At 11:00 dal Predicted covid 19 😂

  • @PeacefulGuy123
    @PeacefulGuy1236 жыл бұрын

    15 mins blimey

  • @gellertferencratkai6600
    @gellertferencratkai66002 жыл бұрын

    Please come and be our teacher (International School of Manila)

  • @samaira15
    @samaira153 жыл бұрын

    marry me econplusdal

  • @CharlieHoward-rr9qv
    @CharlieHoward-rr9qv Жыл бұрын

    ;)

  • @TheJosh1966
    @TheJosh19667 жыл бұрын

    Anyone watching 2017?

  • @will5723

    @will5723

    4 жыл бұрын

    Josh Paulson 2020

  • @JimJam-ju6vn

    @JimJam-ju6vn

    3 жыл бұрын

    @@will5723 2021

  • @kavinaa9398

    @kavinaa9398

    2 жыл бұрын

    2022

  • @sebastianmills-klee3929

    @sebastianmills-klee3929

    2 жыл бұрын

    2022 😂

  • @TheShadowsProductionOfficial

    @TheShadowsProductionOfficial

    7 ай бұрын

    Watching in 2023

  • @pranav5500
    @pranav55009 ай бұрын

    ur cute bro

  • @Ahmed-fj4up
    @Ahmed-fj4up4 жыл бұрын

    Pandemic 😂

  • @zhilongsong8978
    @zhilongsong89787 жыл бұрын

    It feels like I am being taught by a panda

  • @1RAGEACE

    @1RAGEACE

    5 жыл бұрын

    RUDE!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @arongjyshja8313
    @arongjyshja8313 Жыл бұрын

    college is a joke