Y1 26) Costs and Benefits of Inflation

Video covering all the major Costs and Benefits of Inflation - A deep look at the costs an benefits of inflation in a economy with key evaluation points as well
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[@borisk205]

passed economics with an A a few years back thanks to you Dal, my teacher was an absolute joke, couldnt have done it without your vids

[@eli-ii6765]

What else did you do and how did u study/write notes?And what other resources did you use

[@borisk205]

@@eli-ii6765 spamming past papers helped a lot, learn to write was the examiners want to see, not what you think is correct. memorising patterns in the mark scheme helps with every subject btw. structuring your long answers to make them pleasant to read is also pretty important cus it gets your point across much more clearly. what i did was 1) definition of topic 2) point 3) explanation why 4) reference to source text 5) relate point back to question other than past papers, go through the spec or textbook and rewrite notes for each topic that you have trouble with. even if you think you know it, just by writing down notes the combination of motor function with thought does something to your memory to make it much clearer in your mind when you need to remember something during an exam. for me the main thing was writing notes on difficult topics and doing as many past papers as you can. if you run out of papers, start repeating them until you get every single question fully correct

[@eli-ii6765]

@@borisk205 Thank you very much

[@charliewilcox3570]

​@@borisk205 ❤

[@megan_429]

My current economics teacher is a joke too, been listening to Dal, learnt more in 3 hours of his videos than my economics teacher taught me in 2 years

[@zainmoolji2064]

Bro got me an A this year, and still going at it for the next generation. The true economics guru fr

[@tob2526]

Dal you carried me to an A in A-level Econ and I'll always be grateful for that. Could really do with your videos now that I'm studying it in uni 💀

[@hi-pg9bp]

u ate dat

[@LindaAndrews-ly1qf]

COSTS: Loss of purchasing power: 0:42 Erosion of savings: 1:10 Lower export competitiveness: 2:28 Hyperinflation (spiral): 3:19 Fiscal drag: 5:20 Inflationary noise: 6:25 BENEFITS: Higher wages: 7:02 Natural consumption: 7:32 Firms encouraged to increase output: 7:47 Low unemployment in a recession: 8:05 Reduces real value of debt: 9:50 Improvement of government finances: 10:11

[@6hgvh]

Who else is binge watching before exams ?

[@shakyajayasinghe6627]

your majesty, you got me through my ALs, i am forever indebted to you. i got an A for economics all because of you. thank you for your kindness

[@helendsouza4430]

I just finished my a level econ this summer I was watching the livestreams that u made before the exams. Thankyou so much for the help Dal, ended up getting a B. 😇😇🙂

[@tomclarke8012]

dal you helped me get to an A* from a D in my mock youre a real one fr ml

[@LiLBunny69]

any tips bro? plz

[@CJM527]

@@LiLBunny69stop looking at the comment section and focus

[@Daniel.Blomberg]

I can not praise this channel enough. Thank you for the lecture 🙏

[@SKTUBE]

Got the grade I wanted, big thanks to dal and his books, if you’re in year 12/13 just keep watching him trusss me

[@alexmcaleer6086]

You got me an A* last year - good luck with teaching the next generation

[@rheajoshipura30]

that's so good omg

[@LiLBunny69]

any tips?

[@fotimamahmudova5002]

This guy is a legend❤

[@alphamale2232]

could you do a video on, or explain here how you would answer this question? "Explain how perfect competition should lead to outcomes which are both productively and allocatively efficient."

[@anonymusngaruiya3051]

Thanks you Vikkstar

[@ssv8364]

Governments benefit from inflation in another way which can be included in 6) - governments usually do fixed-term contracts - e.g. "we will pay you X money in the next two years to build that highway". And this cost remains fixed when there is inflation and such costs devalue, until new contracts get signed.

[@David-qp9bq]

I love this guy

[@hi-pg9bp]

I look forward to watching ur vids like u actually make me want to revise

[@LEGENDARY_KHAN]

single handedly carried me to an A*

[@AlevelStudent-c1y]

If the real value of debt decreases, wouldn’t that encourage further spending( as consumers may feel less financial pressure). This can cause a inflationary spiral, leading to hyperinflation?

[@alfiemahy523]

cheers dal

[@PaperzProvider]

do i need to know this if i am following the exedcel spec ?

[@vickramvarma7879]

IM grateful for such knowledge share. Can I know how can I buy from India?

[@ethanashadu3916]

Goat

[@Awai_quotes]

hey dal do you have video on primary secondary and teritary sectors adn what changes can make it sustainable? anything related to that?

[@uniqueslib]

i don't understand the keeping unemployment low in a recession one, i can understand that because there might be demand pull inflation, demand on labor may increase to meet demand. But in a recession isn't it the opposite?

[@ronikaahuja129]

People still need money to buy food and groceries etc at this new higher price that are no longer being fulfilled by the benefits (not often regulated with inflation) they may have been receiving, therefore the have to get jobs in order to maintain their standards of living. It could also be an increase in youth employment as families struggle with necessities so kids of working age help out with part-time jobs that are considered fully employed when calculating unemployment

[@freddiegrhm]

Here before Mr Cope

[@DM-fw9je]

Wish you were our chancellor of the exchequers instead of the clown we have on at the moment

[@alexwdme]

Hello Virang, my wife left me, what should i do?

[@antisocialbarbie1587]

Economically speaking you should be rich

[@_trm_4339]

Work as hard as possible. Become something. Then, buy your ex wife

[@_trm_4339]

I’m 16 and I have done this method 2 times

[@sedrickhamani7843]

Is this about the consequences of inflation cause I'm a little confused please 😢

[@fariii7]

Yeah I think so

[@boitshepopaseko]

Therra kopa o nkwalele exam