Chapter 34: The Influence of Monetary and Fiscal Policy
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- เผยแพร่เมื่อ 30 มิ.ย. 2024
- Review of why aggregate demand slopes downward 1:35
Theory of liquidity preference 4:51
Fiscal policy 21:46
The multiplier effect 24:03
Marginal propensity to consume 25:39
Crowding out effect 30:09
Changes in taxes 31:53
Don't know why the number of views is still quite low but your videos are saving my life!! I am really into Macroeconomics now. THANK YOU so much, teacher !!!
yes i am thinking the same thing..why veiws are so low
I cannot thank you enough. I stuggle with my teachers teaching style and you have really made it simpler to understand. Bless you.
Wow, your way of giving a lesson, the technology you use, the board is amazing and super informative! Thank you :)
Wow, I just completed Introductory Macroeconomics. I'm so grateful for your videos, Dr. Azevedo ! it was a wonderful journey! Really looking forward to your Intermediate Macroeconomics videos!
My overall impression of Macroeconomics (which can also include Microeconomics) is that, statistically, it's like all individuals are combined into one giant man. This giant's various behaviors represent the different economic statistical variables. Since each individual has intelligence, so does this giant. Individuals are rational, so is the giant. Thus, if individuals can be irrational, so can the giant. Prices seem like a type of hormone within the human body, stimulating or guiding different reactions (like C, I, etc.) in different parts of this giant being. Economic fluctuations are like the emotional and irrational swings of the giant.
If the analogy holds, then a new idea emerges: this giant would have waste or excretions (haha). Pollution in microeconomics could be one such form(maybe). they are not mentioned in macroeconomics. What would these invisible excretions be if they exist? Could they be related to the mysterious economic cycles? (The accumulation of waste leading to recession, and the breakdown or elimination of waste bringing about recovery.)
Additionally, this giant would get tired and thus need to rest. Could this rest also be one of the forces behind recession?(So, is it possible? Consider two people, one works while the other sleeps. Would the entire system get tired? Maybe it's necessary, as there's a need for Sundays or a long vacation after a period. Or if one person falls ill, the whole system might need to rest.)
(or, the excretion of this giant is the economic recession itself ??)
Or, perhaps it's because individual humans have cycles (life and death cycle. daily and weekly cycles of work and rest. cycles of youth, adulthood, and old age. seasonal cycles, etc), and these varied cyclic events when combined form a larger pattern of cyclical fluctuations.
Thanks, youre the reason why I'm passing ECON!
I'm very glad to help!
Professor can you please make a video on theory of production...costs of production made so much sense when you explained it
I'm your student from India..please help me out with this ...humble request..my midterms are approaching soon
Thank you very much! You are so undervalued and you deserve a lot of credit and acknowledgment. Please post more videos!!
I CAN NOT COMPLAIN, I HAVE SEEN WHAT AN ANGEL OF GOD LOOKS LIKE IN THIS LIFE. THANK YOOU DR-AZEVEDO
Hopefully there will be more videos in the future. This channel really helps me out
yes thank you so much for your videos!! helping me get an A in micro and macro this semester by breaking it down like this!! seriously WE OWE YOU !! thanks so much whatever brought you to publishing these i am forever grateful!!
You're welcome. It makes me happy to hear that the videos are helpful!
Hello Dr, greetings from Namibia in Africa. I'm Johanna, studying towards a Bachelor of Arts in Political Science, I just want to appreciate your efforts to come up with this delightful TH-cam channel. You made Basic Marco Economics to be super interesting to me, I will be writing my exam for it next week on the 24th and I'm 💯 pretty sure that will ace it all because of you. THANK YOU, THANK YOU SO SO MUCH AND PLEASE, STAY BLESSED ALWAYS!!!! 👏🌟🌟
You're very welcome! I hope the exam went well.
@@DrAzevedoEcon Hi Dr, sorry I took long to reply, of course it went well I scored 80/100, and wouldn't do this without your help. I CAN'T THANK YOU ENOUGH. GOD BLESS YOU!!!🙏🏿🙏🏿
@@JohannaN-pm1jo Great job!!!
This lecture really helped a lot for my semester exam. Can't thank you enough Dr. You're the best!!❤
this literally saved my life thank you so much!! Dr. Azevedo
Happy to help!
Absolutely Amazing
Very crisp and to the point ...
Thanks for watching!
thank you Professor, brilliant explanation
Thanks a lot!!! Loved your stuff!
I wish I got an opportunity to be in a university you're lecturing now so that I get adequate knowledge. Your lectures are making it easier to my understanding. Thanks for that
I'm happy to hear the videos are helpful for you! The videos are the next best thing to being in the class.
Post more videos please everything only makes sense when you explain it :(
Thank you so much
Through you video my all concepts are cleared
Glad to help!
Can you please do a video on current monetary policy tools & explain the difference between ample reserves & required reserves?
Thankiu a lot, i love your video
Hello dr, do you have a video on risk and consumer choice/budget constraint?
You are absolutely amazing
Thanks! Happy to help!
Thankyou so much Sir.
love the way you teach , please do one on short run tradeoff between inflation and unemployment
Thanks a lot professor. I have a question and I would be ecstatic if you clarify me.
Is interest rate the same with discount rate ? I mean who determines it banks or Central Bank(FED)?
For example, from my understanding if there is a high inflation in economy , fed increase discount rate (by targeting interest rate by banks over loans) in order to decrease money supply in economy and in that case banks increase interest rate (precautions against people who want to withdraw deposits) for attracting depositors which all of these has an negative impact on increasing prices.
Can the r M/P graph be used to explain the effects of an expansionary fiscal policy (e.g. a rise in G)? Specifically, is the following logic correct? : a rise in G would shift the inelastic money supply to the left, raising the interest rate? And, in this case case, would the interest rate portrayed on the vertical axis be the nominal or real rate (or both?). This also reflects the crowding out effect as money is shifted from the private to the public sector (eg via issue of government bonds). Thanks.
ty for the vids
Chapters 8-12, 18-25, 27-28 and 30-32 are missing; I’m planning to go through all of your lectures so would these be available in the future or from another source, or if not could the subjects discussed in these missing lectures be indicated so that I can fill in the gaps in my knowledge independently please? Thanks again for your content
That's what I was about to ask, I would like to complete the program with my own researches as well if they are not available, could be helpful if I could get to know tha subjects, thank you!
life saver
Sir thankuuu alot... 😊❤️I am from india.... It is really helpful for me to understand eco...sir where is more lecture.. Of complete course🤷♀️
Please make a playlist for intermediate macroeconomics too
i did enjoy it..lol thanx
Greatest econ lessons
Thanks!
thank you so much
You're welcome!
Excellent presentation⭐⭐⭐
Thanks!
THANK YOUUUU
When the MPC is equal to the MPS, what is the value of the multiplier?
Excellent sir
Thank you!
sir you are the best
Thank you!
I've subscribed.
Thanks!
Sir , Please post videos on Macroeconomics too that would helps us a lot
Lol
Legendary 🔥🛐🛐🛐🛐🛐
actually enjoy your lectures , can we expect lectures on short run tradeoff between inflation and unemployment?
Thanks! I'm hoping to get to that chapter in the near future.
@@DrAzevedoEcon expecting soon
I did not get why do increase in government spendings increases the interest rate? Can you help me with it? Thanks. BTW you have an amazing style of explanation. ❤️
When the governments borrow money, they are competing with others who want to get a part of those savings available which are limited. This event is called "crowding out" because automatically the interest rates increase and the private investments decrease. As a result, by competing, the government create high demand in the market and this causes the rates increase. (I tried to)
Assume the government is deficient spending, meaning the gov is borrowing money in order to spend it. Picture a big bank with pile of money… the government borrows from this bank thus the pile of money is now smaller… when there is less of something the price of it increases… think of Interest rates as the price of borrowing money.
Thanks Haena and Charlie!
Sir can you please make a video on theory of consumer choice sir
Hi, why don't you start making personal finance videos as well? You clearly have the expertise, and there is clearly a demand for quality personal finance knowledge (especially among college students). I cannot even begin to articulate how grateful I (and more students like me) would be if we get such content from you :)
Maybe someday I will. I still have lots of economics topics to cover though....and very limited time. I'm glad to hear the videos are so helpful.
1)Sir are these Chapters Undergraduate or Postgraduate level??
2) if i study all micro and Macro Economics videos in your channel does that mean i studied all courses of micro and macro of undergraduate?
Please answer
These videos are at the undergraduate level. Usually, you have to take principles of micro and macro as well as intermediate micro and macro (along with several other elective classes) for an undergraduate economics major. I have videos for three of those: principles of micro, principles of macro, and intermediate micro. I don't have any videos for intermediate macro.
@@DrAzevedoEcon thank you so much sir for the answer
👍
Sir full course
So technically, every Economic problem without much solution can resolve itself back to equilibrium, guess we don't need government intervention.
Keep in mind that politicians have a hard time getting reelected if they advocate doing nothing....even if doing nothing is sometimes the correct thing to do. Voters expect action, so I have a feeling we will continue to see a lot of government intervention.
Why did you stop uploading videos?
Ditto! His videos are the best & his voice is easy to listen to.
He has older videos on a white board that are also great!
@@charliejennifer3874 His explanation is very good.
shemogevle dzma