L1: Introduction to Macroeconomics: What Is It?

Introduction to Macroeconomics: What Is It?
This is the first lecture that gives an introduction of Macroeconomics and answers what is Macroeconomics. This is the series on the Basics of Macroeconomics. In this lecture we talked briefly about Macroeconomics and its major issues such as Unemployment, Inflation and GDP.
00:00 Introduction to Basic Macroeconomics
02:47 What is Unemployment. Unemployment rate
08:08 What is Inflation
13:37 GDP or Gross Domestic Product
16:17 Nominal GDP vs Real GDP
Let's try Learning Economics together.
#macroeconomics
#economics
#GDP
#Unemployment
#Inflation

[@vladgurmanov9064]

Thanks for the video! As a high school student interested in economics, it is such a great opportunity to get a good understanding of macroecon. I really appreciate the efforts you put into making your videos.

[@LearningEconomics]

Thank You so much for your feedback. I have recorded almost full course of basic micro and Macroeconomics.

[@ahmedwakeel1985]

Thanks Mr. Nadeem. Very informative vedio for the beginners. It revised my concepts

[@LearningEconomics]

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[@samreensarwar3147]

Simply explained, very easy and to the point.

[@LearningEconomics]

Glad you liked it

[@sunnysyed2]

Good videos for economics students , Keep it up .

[@LearningEconomics]

Thank you

[@hasnainkhan2304]

sir I was very week but after Waching your lucture I easily understand your way of teaching.

[@LearningEconomics]

Thank you for such encourging feedback. Please watch all lectures in sequence (Macro lectures are numbered as L1 ---, L2 ----, L3 ---) and micro lectures as Micro1: ---, Micro2, etc)

[@foolishnoob47]

Assalamualaikum, Jazakallah Khair for this nice lecture, May Allah make you successful, Ameen.

[@LearningEconomics]

Ameen Thank you Pls see the other lectures on Micro and Macroeconomics

[@AgriEcoshala]

Very easy to understand 👍

[@LearningEconomics]

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[@iqrashahbaz9708]

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[@LearningEconomics]

You are most welcome. Please watch full course of basic micro and macroeconomics

[@Reality139]

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[@LearningEconomics]

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[@ECONMATHS]

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[@LearningEconomics]

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[@economicscoachingnetwork]

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[@LearningEconomics]

Glad it was helpful!

[@daudzafarnadeem1209]

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[@LearningEconomics]

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[@daudzafarnadeem1209]

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[@sarjunbilal2215]

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[@LearningEconomics]

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[@nazimshahzad5807]

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[@sapsalingpusacattalkmaykwe1556]

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[@LearningEconomics]

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[@paramgill0919]

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[@LearningEconomics]

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[@shahidrasoolpyami]

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[@LearningEconomics]

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[@mashaljabeen8492]

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[@LearningEconomics]

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[@Reality139]

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[@ECONMATHS]

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[@LearningEconomics]

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[@Reality139]

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[@LearningEconomics]

Thank you

[@zeeshanmalik8827]

Good morning sir, if we take gdp or gnp at ppp....as we know it cancels the exchange rate differences(equates value of currencies) but with respect to gdp, definitely pakistan has production of various goods nd services which are not produced in India so how ppp would treat prices of such goods across countries would it hav some implications? or gdp at ppp incorporates general price level as taken in inflation if it is so then can we compare price of certain good across countries?

[@LearningEconomics]

Untraded goods and difference in goods production are limitations of ppp or the law of one price. Here i just gave an introduction, mainly it is covered in Open Economy lecture

[@sapsalingpusacattalkmaykwe1556]

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[@LearningEconomics]

Thank you for encouraging Complete list of microeconomics and macroeconomics lectures is already there. Uploading Behavioral Economics lectures as well

[@umaimavlogger]

Good info

[@LearningEconomics]

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[@Reality139]

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[@LearningEconomics]

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[@khubaibzafar8]

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[@LearningEconomics]

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[@hadiasaleem3695]

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[@LearningEconomics]

You are welcome

[@zeeshanmalik8827]

the inflation rate is measured by cpi here. Generally in aggregate demand we analyze the relationship between inflation and real gdp. either the inflation used in relation to real gdp is calculated by cpi or any other measure? if it is by cpi then cpi imcludes fixed basket of goods and services while real gdp may include all those things which are not covered in cpi so is this relationship is justified mean unbiased?

[@LearningEconomics]

Yes these are the limitations of CPI as well as of PPI. Best measure therefore is GDP deflator. However we have CPI data on monthly basis as well which is not the case with GDP deflator. That's one reason CPI is mostly used despite its limitations

[@buzdarspeaks5518]

great mr nadeem

[@LearningEconomics]

Thank you buzdar sb thank you

[@buzdarspeaks5518]

@@LearningEconomics you welcome mr nadeem

[@zayedahmed9800]

Appreciate it sir

[@LearningEconomics]

Thank You

[@LearningEconomics]

I have uploaded almost complete series of Micro and Macroeconomics lecutures.

[@dr.kusummaheshwari706]

Very nice effort Sir

[@LearningEconomics]

Thank you

[@LearningEconomics]

Will like to see ur feedback on other lectures as well

[@thesizzlingpan7360]

Nice

[@LearningEconomics]

Thank you

[@shellystraveling1355]

perfection

[@LearningEconomics]

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[@shellystraveling1355]

@@LearningEconomics most welcome please load more you're explanation helped me immensely with my thesis writing that am doing now.

[@LearningEconomics]

@@shellystraveling1355 thank you for your feedback. I have uploaded almost a full course on basic macroeco and on basic micro eco. Will do more as well

[@zeeshanmalik8827]

commonly know that natural rate of unemployment is the combination of structural and frictional unemployment is it right? if it is so then is there anyway to measure natural rate of unemployment because each and every countries has its own dynamics so structure and frictional unemployment are quite difficult tasks to measure

[@LearningEconomics]

Usually measured by labor force surveys keeping in view country dynamics. Other way is to take avg of unemployment rate over 10 - 20 years

[@LearningEconomics]

Usually measured by labor force surveys keeping in view country dynamics. Other way is to take avg of unemployment rate over 10 - 20 years

[@qaisermanzoor9467]

Good

[@LearningEconomics]

Thanks

[@Reality139]

Task started....

[@LearningEconomics]

Thank you

[@shravyasreemunjala7246]

Sir I appreciate your simplified explainatiion but there is one concern regarding your speed,increase fastness.

[@LearningEconomics]

Thank You for your feedback. I shall try Pls see other lectures as well and give me your feedback

[@onyangopaul1320]

1. Is inflation rate measured from one year to the next? 2. In the statement of inflation increasing at decreasing rates of 20% 15% 9% and 4% in 4 consecutive years, is it inflation or the inflation rate that is decreasing?

[@LearningEconomics]

It is normally measured on year to year as well as month to month and quarter to quarter basis. That is inflation rate, my bad. Thanks for correcting

[@ismeilalu5082]

I hope iam to join agro eco.so what are the course in first sem and 2 please do avedio

[@LearningEconomics]

Thanks for your comments Usually Principles of Microeconomics and Principles of Macroeconomics are taught in 1st semester. You can find their lectures on my channel. Explore the playlists. Thanks

[@flamedomegamer537]

Where are the next video I loved the way you explained

[@LearningEconomics]

Thank You for appreciation. It's part 2 is with same name just added part 2 with it. There is complete playlist with name Principles of Macroeconomics.

[@ezekieladamu6482]

Question: According to the lecture, unemployment is higher at higher wage rate and vice versa. In the case of minimum wage. If a country increase the minimum wage rate of workers, can therefore say this act will increase unemployment in that country?

[@LearningEconomics]

Yes, normally that increases unemployment. It is because, when wage rate is high, it is less profitable to make an investment and produce something. Therefore job opportunities will shrink. Min wage is given to ensure that employees are getting at least substantial level income.

[@dr.kusummaheshwari706]

Sir, If I am right, downward rigidity of wages & labour unions' insistence for higher wages and amoluments in public sector are some of the reasons for contraction of job opportunities in this sector.

[@LearningEconomics]

@@dr.kusummaheshwari706 yes ... I left this till detailed discussion of labour marker

[@kingsam4933]

I love u

[@LearningEconomics]

Thank you

[@vannaktith3414]

Do you have free download slide?

[@vannaktith3414]

Do you have a free download slide?

[@LearningEconomics]

Sorry I couldn't understand what you asked

[@peterchisesa645]

Following...

[@LearningEconomics]

6 Lec have been uploaded.

[@LearningEconomics]

Thanks. Total 6 lectures in the sequence have been uploaded.

[@Kalll468]

Tankyou misster

[@LearningEconomics]

You are welcome. Please listen to other lectures as well

[@fearless-153]

Need this slides

[@LearningEconomics]

Sorry for that

[@aseries4958]

okk

[@LearningEconomics]

Thank you

[@trader1282]

Thanks sir Can you give me slides please

[@LearningEconomics]

Sorry slides are copyrighted

[@rebumtamenetemen]

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[@irfankapakistan719]

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[@sunnysyed2]

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[@LearningEconomics]

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[@LearningEconomics]

@Wanderer Shah ..... yes definately

[@ruochenwang815]

you made a big mistake in the fomula of unemployed

[@LearningEconomics]

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[@Fazaljan11]

Urdu may lecture deya kro

[@LearningEconomics]

Thank You for suggestion

[@imwoman3673]

Very hard to understand in this. It’s not basic.. worthless to watch

[@LearningEconomics]

Thank You for the feedback. All comments are valuable. Pls feel free to ask anything you need clarification on

[@qaisermanzoor9467]

Well explained

[@LearningEconomics]

Thank you

[@sabahnoor]

Excellent

[@LearningEconomics]

Thank you. Total 6 lectures in sequence have been uploaded

[@sabahnoor]

@@LearningEconomics inshAllah i vll watch... good effort and i appreciate that u give tym for others learning.

[@mashaljabeen8492]

The best

[@LearningEconomics]

Thank you

[@LearningEconomics]

Thank you

[@ishikasingh8110]

Thank you sir

[@LearningEconomics]

Welcome. Please watch other lectures on Macroeconomics, Microeconomics and Behavioral Economics as well.

[@ishikasingh8110]

Ok sir

[@ishikasingh8110]

Sir ecometric ka ek series lekr aaia