sorry to be so offtopic but does anybody know a trick to log back into an Instagram account..? I was dumb forgot my login password. I would appreciate any tricks you can give me!
you are the best teacher on earth ! a best teacher is the one, who knows himself well, that gives him confidence, to talk and take very simple. you make things very simple and that is wonderful ! respect from Afghanistan
i had been looking at diagrams in the text books for quite long but couldn't even understand a single word. Even my teacher skipped this.. But thank you so so much, your explanation has made me more confident to take the Alevel paper on 7th.. :)
The thing about The Cobw3b Theory, is that the substantial fluctuation does not hold water because of article 66 'Morrowind: Sands of Time' by Professor Julian Sands, which clearly defuncts the cobweb theory as a whole due to Sands unorthadox mathematical equationationality. It's a bit like when a w3b squeezes his head through a gap and then softly speaks the words "c0b...w3b?"
All the politics aside, your model is easy to follow and a good explanation of supply-demand linear modelling: I notice your Supply line is positive slope, your Demand line is negative slope. If we write this as recurrence relations Qd =C - D(Pn) where Pn is price at year = n, with Qs =E + F(Pn-1) where (Pn-1) is last years price; we get (on equating Qs=Qd) a first order (non-homogeneous) linear recurrence solution for the price Pn=A(r)^n + B/(1-r)...which is a sort of geometric-oscillating solution with Pn-> inf = B/(1-r) where r is a negative geometric ratio. Sorry for being a bit technical but the market will stabilize if |r|
yeah politics not empirical evidence that dispute assumptions i hope your linear modeling dies with neoclassical economics and your rational expectations,agents efficient markets and linear curves and let us embrace feedback mechanisms and nonlinear dynamic complex systems so we can explain the credit , buisness and commodity cycle and monetary dynamics
i would think this theory is so much same as the IS-LM model. The way to adjust back to equilibrium is same in these two model, whirlpool. If the process mentioned continues to infinity, they will reach the equilibrium finally. and that's about econometrics !
I agree, derivative and future contracts are far better to price stabilization than some silly governmental scheme(that's an abysmal disaster), although, considering how horrific governments are lately at protecting property rights, which leads to things like the farmers using MF Global's services being looted without Corzine being sent to prison, I do pity farmers.
it looks to me like the system is sorting its self out i would be interested n seeing a diverging example but for what you have shown i think that government involvement would be a bad step to take.
You know what's funny is speculators stabilize commodities actually. All gov't attempts to "stabilize" commodities have resulted in more instability. All producers produce with this kind of lack of a guarantee that previous prices may not indicate that demand will be as high next go around. Most will simply go by statistical analysis of the history, with a focus on recent history, to determine how much of a good to produce. When people say markets are efficient, they don't say they're
perfect, only that they approach an equilibrium (perfection), but often don't reach it as market conditions change constantly. Wow, sir. Why on earth would you relegate the task of "stabilizing" agricultural commodities to a gov't? Do you not know the history of the Great Depression and the US gov't's blatant failure to stabilize agricultural prices and the further instability in prices that resulted?
CAP? Really? When you have high frequency oscillations that you want to suppress with a control system you should apply a low pass filter. That's why you have a futures market. Is an economics teacher really supporting a programme of import tariffs and minimum pricing? Only in Athens!
How does price fixing "stabilize" markets? Is there an all-knowing fat bureaucrat stuck in a cubicle somewhere who knows the "correct" price for carrots in any given year and can thus tell the farmer how many to plant? How did he come by this knowledge? Or maybe this policy you speak of is a subsidy? In that case, you have a gang steal money from others in order to give it to farmers. But that just hurts others. The futures market can help farmers lock in a good price. Didn't you know that?
This guy was doing this before you could even earn money on TH-cam. A true legend 👍🏼
sorry to be so offtopic but does anybody know a trick to log back into an Instagram account..?
I was dumb forgot my login password. I would appreciate any tricks you can give me!
i read through about 20 pages trying to figure out cobweb theory and couldn't understand it until i saw this video.
THANK YOU SO MUCH
Thank you so much, It made Cobweb so much clearer, Now I can read in to it more knowing the base.
Very simple and easy to understand explanation. Thank you.
you are the best teacher on earth ! a best teacher is the one, who knows himself well, that gives him confidence, to talk and take very simple. you make things very simple and that is wonderful ! respect from Afghanistan
i had been looking at diagrams in the text books for quite long but couldn't even understand a single word. Even my teacher skipped this.. But thank you so so much, your explanation has made me more confident to take the Alevel paper on 7th.. :)
The thing about The Cobw3b Theory, is that the substantial fluctuation does not hold water because of article 66 'Morrowind: Sands of Time' by Professor Julian Sands, which clearly defuncts the cobweb theory as a whole due to Sands unorthadox mathematical equationationality. It's a bit like when a w3b squeezes his head through a gap and then softly speaks the words "c0b...w3b?"
Thanks Alot Sir.❤️🇵🇰......I have watched ur video more than 6 times .... Finally I understand that topic...
I love this guy he helps sooo much with revision!
hey!!! feels so wholesome watching such an old video
Best explanation of the theory .Hats off
I am falling in love with your style of explanation. it seems this is the end of the world. (pardon me if this is a bit of exaggeration)
best explanation of cobweb theory thanks
All the politics aside, your model is easy to follow and a good explanation of supply-demand linear modelling: I notice your Supply line is positive slope, your Demand line is negative slope. If we write this as recurrence relations Qd =C - D(Pn) where Pn is price at year = n, with Qs =E + F(Pn-1) where (Pn-1) is last years price; we get (on equating Qs=Qd) a first order (non-homogeneous) linear recurrence solution for the price Pn=A(r)^n + B/(1-r)...which is a sort of geometric-oscillating solution with Pn-> inf = B/(1-r) where r is a negative geometric ratio. Sorry for being a bit technical but the market will stabilize if |r|
yeah politics not empirical evidence that dispute assumptions i hope your linear modeling dies with neoclassical economics and your rational expectations,agents efficient markets and linear curves and let us embrace feedback mechanisms and nonlinear dynamic complex systems so we can explain the credit , buisness and commodity cycle and monetary dynamics
Excellent 🎉
superb explanation and so much better than reading some dry boring and bland text book. best wishes man
You are really a gifted teacher!
Thank you for that explanation. That was really useful to understand
Great explanation
Thanks for Simply understandable video
Appreciate it🙏🙏
i would think this theory is so much same as the IS-LM model. The way to adjust back to equilibrium is same in these two model, whirlpool. If the process mentioned continues to infinity, they will reach the equilibrium finally. and that's about econometrics !
i dont get how this problem can be stabilized
excellent video
excellent. is a lovely teacher
Beautifully explained ! Thankyou sir !
I agree, derivative and future contracts are far better to price stabilization than some silly governmental scheme(that's an abysmal disaster), although, considering how horrific governments are lately at protecting property rights, which leads to things like the farmers using MF Global's services being looted without Corzine being sent to prison, I do pity farmers.
Excellent explanation. Thank you!
Brilliant explanation!
Thank you!! still useful in 2022 :)
Thanks a very good explanation.
Good video
are you the headteacher? that would be funny!
it looks to me like the system is sorting its self out i would be interested n seeing a diverging example but for what you have shown i think that government involvement would be a bad step to take.
Please come to Bellerbys in Cambridge !!!! You are a great teacher! My macro seems to be worse :((
✌️ I understood sir
Thank you very much great explanation
Thanks so much. Well explained
You know what's funny is speculators stabilize commodities actually. All gov't attempts to "stabilize" commodities have resulted in more instability.
All producers produce with this kind of lack of a guarantee that previous prices may not indicate that demand will be as high next go around. Most will simply go by statistical analysis of the history, with a focus on recent history, to determine how much of a good to produce. When people say markets are efficient, they don't say they're
Very useful for my exam :D
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by schemes such the buffer stock scheme.
Bravo...
Thank you so much! This is very clear.
I really understand the theory! thanks
@ITDXB Jake?
No guesses who's doing the european paper 2888 tomorrow *cough fentonator*
;)
So am I.
Thank you sir! from 2021.
thanks so much!!!!
nice
u r a legend
Ahhhhhhhh, Habibi what a legend
thanks a lot....
15 years ago vedio😯😯
perfect, only that they approach an equilibrium (perfection), but often don't reach it as market conditions change constantly.
Wow, sir. Why on earth would you relegate the task of "stabilizing" agricultural commodities to a gov't? Do you not know the history of the Great Depression and the US gov't's blatant failure to stabilize agricultural prices and the further instability in prices that resulted?
thank you
Thankyouuu so muchhh !
CAP? Really? When you have high frequency oscillations that you want to suppress with a control system you should apply a low pass filter. That's why you have a futures market. Is an economics teacher really supporting a programme of import tariffs and minimum pricing? Only in Athens!
Did the trick
❤️
How does price fixing "stabilize" markets? Is there an all-knowing fat bureaucrat stuck in a cubicle somewhere who knows the "correct" price for carrots in any given year and can thus tell the farmer how many to plant? How did he come by this knowledge?
Or maybe this policy you speak of is a subsidy? In that case, you have a gang steal money from others in order to give it to farmers. But that just hurts others.
The futures market can help farmers lock in a good price. Didn't you know that?