Y1 17) Causes of Economic Growth (Short Run and Long Run)

[@laccess911]

The econ superhero is back! As an IB teacher, i have learned so much from you, my friend! Without you, it would have been a nightmare teaching this course. Thank you every single day, every single minute, and thank you every single second!

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This is a somewhat concerning comment

[@ik4h]

@@thesnackbandit LMFAO

[@irelyonshaft4990]

@@thesnackbandit acting like teachers can’t forget content lmao they ain’t super human

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The hero we need but don't deserve

[@yahyahussain8266]

I got an A* at a level thanks to this man

[@lolumslolla9451]

How did you revise in summary for econ, cos i really need some tips bro

[@yahyahussain8266]

@@lolumslolla9451 I'll firstly be really honest with u and tell you that i was naturally found economics pretty easy and I'd also done it at GCSE and gotten an A*, but to revise make sure your essay technique is spot on and your analysis is really in depth. Each analysis point you make should be further analysed. Also revise and memorise all the key terms in the course. Depth in evaluation is also really important. Finally learn how to draw all the diagrams and also how to analyse them. And watch every econplusdal video there is cause theyre brilliant and all you need to know

[@lolumslolla9451]

@@yahyahussain8266 jazakhallah bro, inshaAllah i'll smash the exams

[@lebaneseman7120]

Okay, I have a question regarding the endorsed textbook is it worth going through?

[@yahyahussain8266]

@@lebaneseman7120 i did exdecel and didnt use the really thick book cant remember the name but i used the 'my revision notes' edexcel texbook to make my notes and it had all the info you need in a much more concise place

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Thanks Econ Guru. I enjoyed learning econ since 2016.

[@reetmainali9700]

i do not know what would i do without you.

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He's back!!

[@awajoof5552]

2years ago and still helpful. Thank you so much Sir.

[@muhammadaliakbar2919]

Amazing stuff Sir. You make concepts crystal clear. Stay blessed.

[@jamesgrant5504]

Living legend.

[@harrybanks2100]

i wish you all of the best in life you are currently saving my grade

[@niral9288]

Could you also say a shift of SRAS causes short-run economic growth

[@vontayyuman4478]

Yes but not commonly talked about

[@lewisbrett9810]

I love you vikstar123 🤩

[@streamerop]

😂

[@biasseddig9665]

101 Dalmatian’s 😂. I absolutely loved this video Dal, let’s just say you don’t dilly dally 😂😉. I’m very pleased with the amount of content you have represented in this video. This will be the last thing my starving child will ever see, is there any better way to go ?! As always thank you Dal-I lama. Live laugh love, The smegladon x

[@quervy4097]

I don't think this video is in the correct order in the yr1 macro playlist, as AS and LRAS had never been introduced along with other things.

[@ric6383]

Many thanks

[@sidrahbittercookies1853]

Life saver

[@bertugcelik92]

Perfect! Thank you.

[@faithomokhuale3311]

Hi i just had my Econ mock , you were an essential source of revision! I'm not very good at the subject so hope I just pass but I was wondering is demand for oil just highly inelastic or perfectly inelastic?

[@micahwhite3850]

Highly inelastic. Perfectly inelastic is theoretical and will never occur in real life

[@shadowtuber8663]

Would it not be perfectly? Because it’s a necessity good with hardly any substitute?

[@adamgoodwin7088]

@@shadowtuber8663 No. As mentioned, perfect inelasticity is theoretical. Plus, if oil was perfectly inelastic, that would insinuate that if oil increased to £400,000 a litre, demand would be the exact same; which obviously would not be the case.

[@abdullah47180]

It is highly inelastic

[@thesnackbandit]

Nothing can actually be perfectly inelastic.

[@natanelkarp9826]

Question: If real gdp is the total VALUE of goods and services produced taking into account inflation then how as the graph reaches YFE and the prices climb does the real gdp stay stagnant. I get that there is no spare capacity and there is a limited output and that we have reached max output of goods and services but surely if the prices are increasing then this will increase the real GDP yet it shows the real gdp to be stagnant once yfe is reached. Why?

[@gavrielbusse2184]

u cant reach the yfe g

[@sebiclark5843]

You can never reach yfe cuz of frictional unemployment mainly

[@fariii7]

how do lower interest rates weaken the exchange rate?

[@parthivsasapu1505]

hot money outflows; foreigners who save money in the UK for a greater return due to higher interest rates on saving will react to the decrease in interest rates by moving their money to a different country. This leads to an increase in the supply of the pound which causes it to depreciate.

[@fariii7]

​@@parthivsasapu1505 Thank you!

[@hi-pg9bp]

Thanks daddy

[@lebaneseman7120]

Are there Econmics chapter wise question paper out there?

[@tinasheralphruwona4280]

U are awesome!!

[@freddie2957]

Where’s Y1 4?

[@ghandiontoast9471]

Yes now baljeet tjinder my lad

[@ChanduSura-i4b]

❤

[@Alex-ph7kq]

my exams are in 12 hours, really wish i can borrow ur brain tmr

[@Pseudostones]

How’d it go mate?

[@tojoswtor8637]

DADDY DAL