Macro: Unit 3.6 -- The Phillips Curve
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- เผยแพร่เมื่อ 29 ส.ค. 2024
- Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Review the origins of the Phillips curve
- Discuss the inverse relationship between the inflation rate and the unemployment rate in
the short-run, leading to a downward-sloping short-run Phillips curve
- Discuss the constant relationship between the inflation rate and the natural rate of
unemployment in the long-run, leading to a perfectly vertical long-run Phillips curve
- Practice graphing how changes in aggregate demand will change the inflation rate and
the unemployment rate on a short-run Phillips curve
- Practice graphing how changes in short-run aggregate supply will change the inflation rate
and the unemployment rate on a short-run Phillips curve
- Practice graphing how changes in long-run aggregate supply will change the inflation rate
and the natural rate of unemployment on a long-run Phillips curve
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Probably the best economics teacher ever, really helped me prepare and learn the information that my professor was not teaching well. Earned a subscriber!
This is awesome to hear! Glad it was helpful. Be sure to spread the word about the channel. Thanks for the feedback!
Simply put with nice pacing. I’m extremely relieved and grateful that I found this channel right before my Phillips test. The AP Macro and Micro exams are a few weeks away, and I definitely feel more confident about taking it by watching your videos. Thank you! :)
That’s fantastic to hear! Spread the word, and thanks for the feedback and support!
This explained me so much, it's just brilliant! Thank you for your work, I think every year this video will be saving dozens and dozens of students lives !
GOD I LOVE YOU. I'm from Colombia and doing some research to complete a presentation to finally graduate from school, i suddenly find you. Your explanation is totally coherent and i really appreciate that. Earned a sub!
Wonderfully explained! loved the normal pace.
Awesome! I’m glad you found it helpful. Thanks for the feedback and the support!
This video did a great job combining the two graphs into a meaningful gauge of how real-world events impact the economy. You have a very engaging demeanor when teaching. At the beginning of the video I was worried that the material was aimed solely at people who have taken an economics course, but I think anyone who watches the video completely will appreciate the main ideas being taught. Thank you for the quality video!
best economic teacher. best video, fully conceptually, and good understanding cover all things in one video with best use of senytences and economic vocabullary.
Hi there, firstly, my greatest appreciation to you and your videos for teaching me more than my lectures. Also, may I request if you are able to upload videos on the IS LM model in an open and close economy. I'm having difficulty trying to understand the relationship of the equations and the graphical representations. I would very much appreciate it! thank you
Best economics teacher. I really appreciate the pace you teach at because it gives me time to understand. I appreciate you! :)
I have a final exam tomorrow and this video is life saving for me. Thank you very much.
I think this is the best, most concise video ive seen so far on this subject. good job
Thank you Mr. Willis this is a really helpful video! I shows clearly how the ADAS model and Phillips curve is related
I'm from Chile and you help me a lot with your videos, thanks(:
The best explantion on Phillips curve.
Thank you so much
Tomorrow I have the exam, thanks for the explanation, you deserve a like bigger than a house!!!
Would be immensely indebted to to you Mr willis if you could create a playlist in Welfare economics
Just wanted to let you know that you helped me big time. I hope your having a good day man.
thank you very much it was soo helpful but i haven't been able to explain it to a Nigerian situation
I'm confused. At the 1:50 mark, he says that, as unemployment rises deflation occurs. Yet economist Charles Goodhart says that, while dependents are inflationary, workers are deflationary. He explains it this way. When a business hires a worker and expects $100,000 in productivity, he pays him $70,000, thus netting a $30,000 profit. In other words, the worker is generating more productivity than he's getting paid for. Money is a measurement of productivity. The more productivity = the more money. If there is INCREASED productivity in the system and less pay, that creates deflation. I get that. Then why does the Phillips Curve seem to suggest the opposite?
Great help!! Thank you soo much!
this video really helps me with economics
Amazing presentation, thanks so much.
This video was extremely helpful, Thank you!
Wonderfully explained! Good job!
To the point. Thank you!
You’re very welcome! Glad it helped.
Thank you very much, this helping a lot
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THANK YOU
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thank you!!!! i learned better with this explanation
Well explained
Hi, I don't know what to choose between Economics and Accounting. I really love both. Can I get an accounting job after persuing Economics at the University???
So helpful for Indian Students
You are born to teach...
earned subscribed and like on every video
Helped me out in the last min exam prep
Thank you!
Sir, thank u so much I find ur video very helpful .
Thanks for the feedback and the support!
Thank you sir..so helpful
Thanks for the video! Topic explained thoroughly!
You're super awesome! Thanks!!
Very good
Hi. I really want to understand what is happening right now in USA. I mean inflation rate is 5% and unemployment rate also is higher than last month so Phillips Curve can't be useful.
Thanks!
Can you adjust the Philips Curve for Robot Employment / and AI ? if not how would you try to do this ?
👍🏻great! Keep up!
what happens to a philip curve if the central bank print more money ?
please make a video on IS LM model
Can u plz help me with foreign trade
toppppp
not bad
Subcribe!!!!