U have absolute knowledge sir about economics.❤️❤️❤️ I have watched lots of TH-cam channels but u r my favourite one❤️❤️❤️❤️❤️❤️ Love you sir May Allah bless you with a long life ❤️❤️
AOA respected Sir! hope you are enjoying good health. sir i am a bit confused about investment rate of interest function in IS model. I=f(r) in this function r is independent variable and should be taken on X-axis according to economic model. Then in IS model why we represent rate of interest on vertical axis?
E.Z. Classes, you're teaching nonsense. At 3:20, you have the equation: C/Y = apc so: C = apc Y which shows that it's the average propensity to consume which applies to Y. So in your equation at 12:16: C = a + bY b is the average propensity to consume: C = a + apc Y C = a + (C/Y)Y C = a + C 0 = a Your equation: C = a + bY actually says C = itself "a" must equal zero.
Dear viewer, thank you very much for watching my video with keen interest. Explanation to your contention is as under; APC will be the slope if consumption function is passing through the origin. In that case, APC and MPC will be the same. The function that you derived is the one that passes through the origin (with zero intercepts). That is one of the possible functions where APC = MPC (throughout if the function is linear). Other possibilities are the function with positive intercept 'b' in the case that I mentioned, the non-linear one with the declining slope etc. In fact, the empirical studies found the proportional as well as non-proportional function from long-term and short-term data. Thereafter many hypotheses were suggested to solve the puzzle.
E.Z. Classes, there is no puzzle. It's math, and you're teaching nonsense. At 3:20, you also have the equation: ΔC/ΔY = mpc so: ΔC = mpc ΔY The MARGINAL propensity to consume applies to a CHANGE in income: ΔY So the "b" in your consumption function which obviously applies to income: Y C = a + bY cannot be the marginal propensity to consume. It's the average propensity to consume, "a" MUST equal zero, and your consumption function says C = C. If you want a consumption function which does use the marginal propensity to consume, then you want this one: ΔC = Δa + b ΔY ΔC = Δa + (ΔC/ΔY)ΔY ΔC = Δa + ΔC 0 = Δa ΔC = ΔC and Δa must equal zero. If you don't understand algebra, you shouldn't use it.
The problem is you dont understand the nuances of economic. If you mean bY in equation does not indicate rate of change than I cannot explain more be it algebra or economics. However, I am taking another chance. What actually mean in equation C = bY is a portion of income spent on consumption whatever is the level of income is (Here you may call it average as well). But function where there is some consumption when level of income is zero and then a fixed portion of income is spent on consumption while income is growing (consumption out of increased income). In this case average cannot remain constant.
E.Z. Classes, the problem is not "nuances of economics", it's that you can't read your own equations. At 3:50: C/Y = apc C = apc Y The average propensity to consume applies to Y, and returns C. ΔC/ΔY = mpc ΔC = mpc ΔY The marginal propensity to consume applies to ΔY, and returns ΔC. So the b in: C = a +bY must be the average propensity to consume. If you want to talk about change, use increment equations as Keynes did. His original consumption function from "General Theory of Employment, Interest, and Money" is: ΔC = mpc ΔY ΔC/ΔY = mpc ΔC = mpc ΔY [consumption function] You replace ΔC with mpcΔY to derive his investment "multiplier" equation: 1) ΔY = ΔC + ΔI 2) ΔY = mpcΔY+ ΔI 3) ΔY - mpcΔY = ΔI 4) (1-mpc)ΔY = ΔI 5) ΔY = (1/(1-mpc)) ΔI Notice that the equations are increment equations.
understood everything about consumption ,income and consumption function . this content as made easy to study about consumption function at beginning the beginning level.
Informative video sir ji
Thanks
In this 35:24 min u made me feel like sitting in my classroom...superbly explained....thnx sir...waiting for more videos
Thanks for appreciation.
i watchd so many lecture on youtube but thz z perfect lecture thnku so much sir
Many thanks. This means a lot for me.
Very Good teaching Sir
Your classes video is very helpful for me
Thank You Sir!
Best Wishes from my side
You are most welcome
Superb sir thanks for this video
Thanks Geeta
You Make the concepts crystal Clear sir...Big fan of urs....Thanks...long live sir...❤💐💐
Keep watching
U have absolute knowledge sir about economics.❤️❤️❤️
I have watched lots of TH-cam channels but u r my favourite one❤️❤️❤️❤️❤️❤️
Love you sir
May Allah bless you with a long life ❤️❤️
Thanks a ton
Thank u sir.
I m harsh
I watched your videos.
And score 98/100.
Thank u sir
Congratulations it's your hard work a only small credit to me.
With hardwork, guidance also works
Thank u sir
Thank you for the videos sir 😊
Glad you like them!
Thanks for clearing concept 🙏🙏🙏
Thanks and welcome
Consumption you are referring means personal consumption like daily needs of food, shelter,etc ? Or any other also?
Any expenditure which is not expected to bring enhanced future income.
Hello sir
Can you make video on the topic say's law of market and its criticisms please sir
Thanks a lot sir
Thank you sir.please start intermediate and advanced micro-economics for us.
I am trying my best.
Sir what's the difference between consumption function and MPC
Thanku sir 👍🙏
Welcome
Oye prateek tum😂😂😂
u are more than a million
thank u sir
Thanks
thank you sir..very helpful
Happy to help
How is change in position from subjective factors different from shift in CF from objective factors?
thank you for this video..
Thanks for watching
Sir plz make videos on topic for BA Economics specially macroeconomics
Different shapes of consumption curve ( BA macroeconomics)
Sir psychological law of consumption pe video hai?
Yes I will
This was really amazing
Thanks
Which reference book sir...thank u
Krugman for economics
Sir investment function pe koi video?
Already uploaded
@@EZClassesfaghsa the mec video? Yea seen that too sir . Thank you so much.
AOA
respected Sir!
hope you are enjoying good health.
sir i am a bit confused about investment rate of interest function in IS model.
I=f(r)
in this function r is independent variable and should be taken on X-axis according to economic model. Then in IS model why we represent rate of interest on vertical axis?
With a great devotion, sir...
You live long.. Be dwell in love of God😇🙏👼
sir, please discuss the related questions of UGC NET .
Making videos for UGC Net aspirants is well on our agenda. Please wait for a while.
Sir please clear these topics MPS, APS, MPS, n APC
Sir kaldor trade cycle theory pr ek video upload kr dijiye
Plzzzz sir
sir, autonomous consumption and intercept are same. I am confused please solve this
In the consumption function they are same which is showing in the dig.
Sir you are doing a great job but use mix language English Hindi please a request
Of late I am using mix language or making two versions of the same video in English and in the mixed language.
Thanks a lot
Thank you sir.. 😊
You are welcome
nice sound
Nice way of teaching. But sir i think u r teaching gradguate level
Hello sir, thank you for ur video.very well explained in easy language.can u plz make videos for UGC net preparations.will be waiting..
I will try
E.Z. Classes, you're teaching nonsense.
At 3:20, you have the equation:
C/Y = apc
so:
C = apc Y
which shows that it's the average propensity to consume which applies to Y.
So in your equation at 12:16:
C = a + bY
b is the average propensity to consume:
C = a + apc Y
C = a + (C/Y)Y
C = a + C
0 = a
Your equation: C = a + bY
actually says C = itself
"a" must equal zero.
Dear viewer, thank you very much for watching my video with keen interest. Explanation to your contention is as under;
APC will be the slope if consumption function is passing through the origin. In that case, APC and MPC will be the same. The function that you derived is the one that passes through the origin (with zero intercepts). That is one of the possible functions where APC = MPC (throughout if the function is linear). Other possibilities are the function with positive intercept 'b' in the case that I mentioned, the non-linear one with the declining slope etc. In fact, the empirical studies found the proportional as well as non-proportional function from long-term and short-term data. Thereafter many hypotheses were suggested to solve the puzzle.
E.Z. Classes, there is no puzzle. It's math, and you're teaching nonsense.
At 3:20, you also have the equation:
ΔC/ΔY = mpc
so:
ΔC = mpc ΔY
The MARGINAL propensity to consume
applies to a CHANGE in income: ΔY
So the "b" in your consumption function
which obviously applies to income: Y
C = a + bY
cannot be the marginal propensity to consume.
It's the average propensity to consume,
"a" MUST equal zero,
and your consumption function says C = C.
If you want a consumption function
which does use the marginal propensity to consume,
then you want this one:
ΔC = Δa + b ΔY
ΔC = Δa + (ΔC/ΔY)ΔY
ΔC = Δa + ΔC
0 = Δa
ΔC = ΔC
and Δa must equal zero.
If you don't understand algebra,
you shouldn't use it.
The problem is you dont understand the nuances of economic. If you mean bY in equation does not indicate rate of change than I cannot explain more be it algebra or economics. However, I am taking another chance. What actually mean in equation C = bY is a portion of income spent on consumption whatever is the level of income is (Here you may call it average as well). But function where there is some consumption when level of income is zero and then a fixed portion of income is spent on consumption while income is growing (consumption out of increased income). In this case average cannot remain constant.
E.Z. Classes, the problem is not "nuances of economics",
it's that you can't read your own equations.
At 3:50:
C/Y = apc
C = apc Y
The average propensity to consume applies to Y,
and returns C.
ΔC/ΔY = mpc
ΔC = mpc ΔY
The marginal propensity to consume applies to ΔY,
and returns ΔC.
So the b in:
C = a +bY
must be the average propensity to consume.
If you want to talk about change,
use increment equations as Keynes did.
His original consumption function
from "General Theory of Employment, Interest, and Money" is:
ΔC = mpc ΔY
ΔC/ΔY = mpc
ΔC = mpc ΔY [consumption function]
You replace ΔC with mpcΔY
to derive his investment "multiplier" equation:
1) ΔY = ΔC + ΔI
2) ΔY = mpcΔY+ ΔI
3) ΔY - mpcΔY = ΔI
4) (1-mpc)ΔY = ΔI
5) ΔY = (1/(1-mpc)) ΔI
Notice that the equations are increment equations.
Sir , please one lecture on IS-LM Model. thank you
ok
Hello Wasim, You are doing undergraduate or graduation and from which university.
Your classes very helpful for me.Thank you Sir... Sir, I request to make a video on the theory of investment..
Welcome
understood everything about consumption ,income and consumption function .
this content as made easy to study about consumption function at beginning the beginning level.
Happy to here that.
Plz provide Consumption function lecture in hindi
Sir is this English class if u cant speak it
Is it not good to speak in hindi
Please, sir provide us consumption function in hindi
Ok i will try
My dad is such a miser! How to deal with a miserly father. I think Economics teacher has an answer
No idea
يا ولدي ما فهمت والو احكي انڨليش مڨدود ولا خلي عليك
Are bhroo English mai mat boolo 🤣😂 hindi Mai samjhaoo q ki hum hundusthani h n ki engaregi.
ok