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

[@lucaslosantos8307]

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

[@chifaelebrun2738]

he probably is working with the simpsons hahaha

[@dboyagod]

Not the first time he’s done this brow

[@lots2410]

my exact thought

[@Frenk33]

bruh I was just about to comment that XD

[@julienmary349]

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

[@mert.a4240]

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

[@axelpiesold4027]

goat

[@jerryto803]

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

[@maxmassetti3463]

I prefer, In the long run we are all bread

[@ac7plays152]

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

[@senurikelly4794]

BAHAHAHA

[@_trm_4339]

Nig(g)ar

[@anasabdullahi8164]

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

[@hardevh4040]

Not all heroes wear capes

[@suryakumarsharna3074]

legend

[@DR-ld4jn]

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

[@Josh-wd5ex]

That's the universe looking out for man :)

[@aeronwynschache2257]

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]

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

[@hobiiiiiiiii2699]

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

[@thesnackbandit]

@@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]

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]

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

[@Josh-hs8hk]

lol pandemic where have I heard that before

[@mriduljain5210]

HMMMMM

[@furblinALFA]

⊙﹏⊙

[@joejackson1115]

Looked in the comments as soon as he said it🤣

[@aftikharmominzada1912]

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

[@louisacrevecoeur7273]

actual savior of ECO HL IB students.

[@sarabordiga814]

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

[@berke4606]

Perfect summarization. Greetings from Turkey!

[@jacks7339]

Forever on top 😤 thanks for everything dal

[@Chadgaming_911]

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]

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

[@Ryan-tz2rg]

This man is a freaking genuis

[@kickass1691774]

yes Dal back with the videos keep it up!

[@user-ct4xu8tk5x]

Econplusdal and chill anyone?

[@kianthakrar1740]

BRILLIANT IDEA ;)

[@georgepayne6075]

Bit sus

[@TheJosh1966]

11:52 cracked me up!

[@donasikdar7232]

I cannot Thank you enough for your videos !

[@rumpus8095]

please make a video on the price mechanism

[@anmoldedha4089]

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

[@tersechrisgogo]

econplusjesus indeed

[@sb-wb5pt]

This guy is a legend 😁😁

[@mausambi613]

Seriously you're GOD

[@alumi9818]

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.

[@danielo9555]

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

[@MrSpeedyNinja]

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

[@curiousmuslimah9257]

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

[@MrSpeedyNinja]

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

[@jakepeto2496]

2:33 Dal just predicted the cossie livie crisis

[@nelsonvalderrama8371]

Excellent class, thanks,

[@conordevlin303]

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

[@shuaichuchen9277]

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

[@WatoFBA]

Wow there are some nice bird calls in this video dal

[@joejenks4181]

yes daddy dal x

[@odsaod823]

Thanks Vick star

[@andrewdando2542]

Thank God I looked at this last minute.

[@richardfiador842]

Great video. U r a genius

[@zahin702]

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

[@nickymaboreke1530]

so clear.thats awesome Sir

[@jas0ndrinkbeer8]

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

[@sebastianmills-klee3929]

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

[@ana-lisa5962]

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]

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

[@am67592]

amazing video!

[@amantle8988]

Excellent!!!!!!i love this video

[@blobar1231]

Thanks dude!

[@marathesayu]

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

[@WhoTFIsIrre]

Where Imports Dear, Exports Cheap.

[@kavinaa9398]

weak pounds imports dearer, exports cheaper

[@marathesayu]

@@kavinaa9398 thanks but i graduated 4 years ago

[@kavinaa9398]

@@marathesayu well done i got my exam tommoz

[@marathesayu]

@@kavinaa9398 Good luck you x

[@tarisaindhlovu-de5ye]

Great explanations

[@flutely]

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

[@MS-qk5cz]

for a level get the cgp alevel economics book

[@bhatsumair386]

Thankyou so much 🙏🏿

[@lukaswilliams4108]

Nice vid

[@mooncrestt5941]

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

[@romant6018]

Does the legend reply ???

[@AG-om3sv]

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

[@kickass1691774]

Aadithya Ganeshram yeah you just shift the AS to the left

[@Overkill7200]

Wouldn't it be a shift up?

[@theunbiaseddude]

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

[@Overkill7200]

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]

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

[@kyivstuff]

Thank you!

[@fascointernational7310]

Can someone tell me is fascal policy removed from the As level economic syllabus???

[@Illita.07]

Nope still there (unfortunately)

[@adamaziz5]

So what is Y1?

[@onawong2773]

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

[@adriantwlok]

Dope video

[@korbenbyrne8221]

Yeah it probably could be a pandemic

[@FaizanNasir]

very good video

[@ana-lisa5962]

That's soooo greaaat.

[@yuwang7980]

EXAM IN 2 DAYS LESGOOOO

[@yuwang7980]

@@jamesedwards3301 huh?

[@maggiej2590]

Thanks!!!!

[@gaganmakkar4991]

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

[@pavanmardania217]

At 11:00 dal Predicted covid 19 😂

[@PratyushAcharya-h1y]

I love you ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤ u saved neelam from getting creampied from amit hirani

[@PratyushAcharya-h1y]

Ikr

[@PratyushAcharya-h1y]

That makes sense considering the equilibrium of classical universal theory

[@nivedcariappa_11]

ily 2 bb 💕💋

[@nivedcariappa_11]

@@PratyushAcharya-h1y hi

[@Sammig8]

Macro is so much more difficult for me to understand 😊

[@momalzaidi1225]

plz tell shortcut full term SPICED And WIDEC

[@Totalgamerz112]

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

[@sabastianchetty2227]

Legend

[@duolingo0552]

Bro predicted the pandemic

[@rittandon9180]

Gains

[@RyanDH19]

Being up ecom

[@MaxenceDelcourt]

the goaaaat

[@amberredhead3152]

NOT HIM PREDICTING THE PANDEMIC

[@김우동-s7f]

7:04

[@rohanreddy9331]

GOD

[@TheJosh1966]

Anyone watching 2017?

[@will5723]

Josh Paulson 2020

[@JimJam-ju6vn]

@@will5723 2021

[@kavinaa9398]

2022

[@sebastianmills-klee3929]

2022 😂

[@Shiza_Shoaib]

Watching in 2023

[@samaira15]

marry me econplusdal

[@Ahmed-fj4up]

Pandemic 😂

[@pranav5500]

ur cute bro

[@kharoufs2972]

You look like Vikstar123

[@PeacefulGuy123]

15 mins blimey

[@zhilongsong8978]

It feels like I am being taught by a panda

[@1RAGEACE]

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

[@CharlieHoward-rr9qv]

;)

[@arongjyshja8313]

college is a joke

[@classiccatastrophe1518]

not all heroes wear capes