Lecture 3: The Goods Market

[@dreamworld_me]

This content or course are much more valuables, I am from Nepal and I am taking the courses of MIT ,this is why mit open course ware is famous for providing equal opportunity of education for everyone ❤

[@petrolmariz7657]

Thanks so much for this course ❤

[@conrad5159]

Muchas Gracias Profesor Ricardo, apprendi mucho de ti.

[@rohitdas475]

These are gems !!

[@gogaton]

Thank you Ricardo

[@huyentrangnguyen7361]

Thank you so much. I am so grateful for all the lectures.

[@ricardocontreras]

Thanks for this wonderful content. Regards from Ecuador

[@abdullahaddous7081]

At 24:00, there’s a mistake in the subtitles. It should be “Y is the real GDP for us.” I believe there’s a second typo that’s much more subtle. I think at 27:47 the subtitles should be, “Now *it increases* output.” It wouldn’t make sense for him to then say that the increased output leads to an increased income as well-which increases output more-if that weren’t the case. I had to rewind that part a couple of times to catch that.

[@shiminantony]

You can report this to KZbin since these are autogenerated subtitles. Under "report" there is an option to flag caption issue.

[@chandrannatarajan6616]

Thank you so much🙏

[@johnbrennan6987]

fantastic

[@ЖеняА-у7ф]

thanks from Ukraine, love u so much

[@Bishop45acp]

Can c0 move up just due to inflation? Thus creating more autonomous spending and moving Y=Z point? Also, would that this change c1 and thus multiplier (probably) flatting the ZZ line?

[@Clorxo]

Pretty sure it doesn't since this is a model for REAL GDP therefore the effects of inflation don't impact the model

[@Bishop45acp]

@@Clorxo that realy makes sense, thank you

[@abdullahkeskin6695]

İn this model it is assumed that prices don't change, price level is constant.​@@Clorxo

[@abdullahkeskin6695]

But expectation of inflation may increase Co and shift ZZ up and also c1 may get bigger and ZZ line get steeper, slope increases.

[@Tatalek93]

Can someone share what literature is useful to read as an addition for better understanding of this lecture?

[@LucasGonzalez-nw7rj]

i just use chat gpt when I dont understand something, it can explain more in details

[@SenthilKumarasamy-n1f]

How is the equilibrium condition Z=C derived? Can you explain?

[@ujjawalsinha8968]

The eqm. condition is Y=Z, not Z=C. This happens at the intersection of abs. demand and the income/production line.

[@samo917]

What is the meaning of equilibrium in this context? Maybe i missed the part of in the lecture series where he defined it. Am 24 mins in so far

[@AmanKumar-fv2wh]

Output is equal to aggregate demand....

[@abdullahkeskin6695]

Equilibrium condition by the definition is Y or GDP or Output is equal to aggregate spending or demand.

[@anubhavsoni4902]

Which book has been used for this course?

[@ankitchakraborty1126]

Macroeconomics by Olivier Blanchard

[@ankitchakraborty1126]

Day 2 (04-09-2024)

[@kelvintyron]

Is it possible to get the slides for this course?

[@mitocw]

Sorry, the slides for this course are not available. What materials we do have (Readings, Exams with Solutions, Problem Sets with Solutions) are available on MIT OpenCourseWare at: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/ Best wishes on your studies!

[@LucasGonzalez-nw7rj]

the guy with shoes on the chair..

[@SphereofTime]

3:00

[@yatisri5354]

Why is investment is fixed on 41:58?

[@rehaanbobyjoseph2872]

I think that is a basic assumption to make the concept easier. Assuming that investment is fixed will help us focus on the effect of output decline more. I think an increase or decrease in investment will also lead to the paradox but not to the extent that output decrease does...

[@adilshah5442]

How can we download ppt slides of these lectures?

[@FGPR01BrunoCauz]

MIT much?!!!!! screenshot!!!!!! xD

[@mitocw]

Sorry, the slides are not available. What we do have for materials is on MIT OpenCourseWare at: ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/. Best wishes on your studies!

[@paschalcharles6097]

Is this quality education????

[@LucasGonzalez-nw7rj]

yes