Thank you very much, mate! I've studied topics in economics in my bachelor's degree around 10 years ago. This series of lectures were very well-structured and helped me a lot to refresh my memory.
Deeply expressed appreciation, you have explained things so clear, and very logic, making tuition of every concept effortless and stick. Thank you very much!
Sir in the example for explaining concept of Marshall-Lerner, we considered net reduction in imports of 3.5% (10% increase in price - 6.5% decrease in quantity) , in same lines why didn’t we consider net decrease in value of exports as 2.5% ( 10% decrease in price - 7.5% increase in Quantity) ?
No. We need to look at prices always from the perspective of the domestic country. In case of exports, the price reduction of 10% is from US perspective which increased their demand for Italian goods by 7.5%. But export prices didn't change from Italian perspective.
In exports we didn’t consider net impact as the decrease in price of exports was from US perspective. As far as Italy is concerned, it is still getting Euro; if euro has devalued against rest of the world, its value is unchanged for Italy as it uses Euro as its currency. IFT Support Team
Huge respect for you, I just want to ask before starting my CFA journey that 1. Do your videos cover full syllabus of CFA level 1? 2. Are they sufficient for comprehensive coverage for level 1? Please reply me as soon as possible
I try to test with some random P and Q, then apply to the new scene with 10% change in price and 6.5% change in quantity, the new result always come with 617.1 and not 621 as the video. I think the video using the wrong formula. Please clarify
@@xaixai1953 Omg i come across the same question..... i dont understand why it wasnt 1.1*(1-0.065). it is stated in the curriculum also that it was 10% * (1-0.65) = 3.5% => that literally came out of nowhere!!
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I listened to all of your economic lectures (38 lectures) as of today. Thank you for your effort! It helped me a lot to understand economics!
You're very welcome!
Thank you very much, mate! I've studied topics in economics in my bachelor's degree around 10 years ago. This series of lectures were very well-structured and helped me a lot to refresh my memory.
Deeply expressed appreciation, you have explained things so clear, and very logic, making tuition of every concept effortless and stick. Thank you very much!
I had difficulty understanding this part of the chapter, thank you.
Thank you for your videos. I foumd them really helpful to understand the concepts in economics. 🙂
Sir in the example for explaining concept of Marshall-Lerner, we considered net reduction in imports of 3.5% (10% increase in price - 6.5% decrease in quantity) , in same lines why didn’t we consider net decrease in value of exports as 2.5% ( 10% decrease in price - 7.5% increase in Quantity) ?
Yea
No. We need to look at prices always from the perspective of the domestic country. In case of exports, the price reduction of 10% is from US perspective which increased their demand for Italian goods by 7.5%. But export prices didn't change from Italian perspective.
In exports we didn’t consider net impact as the decrease in price of exports was from US perspective. As far as Italy is concerned, it is still getting Euro; if euro has devalued against rest of the world, its value is unchanged for Italy as it uses Euro as its currency.
IFT Support Team
I still haven’t understood the import side of this
Thank you so much sir for all the videos🙏👏
th-cam.com/video/ZiTQaqLnU1s/w-d-xo.html
beautifully explained.
Thank you 🙂
IFT Support Team
Huge respect for you, I just want to ask before starting my CFA journey that
1. Do your videos cover full syllabus of CFA level 1?
2. Are they sufficient for comprehensive coverage for level 1?
Please reply me as soon as possible
1. Do your videos cover full syllabus of CFA level 1?
Yes
2. Are they sufficient for comprehensive coverage for level 1?
Yes
IFT Support Team
why price increased by 10% and q decreased by 6.5%, and you get the result of 3.5%. why not q*p. 1-6.5%* 1.1?
exactly, the same questions with Thomson. I think we cannot minus it as the video but need to 1.1*P*(1-0.065)*Q Please answer us
I try to test with some random P and Q, then apply to the new scene with 10% change in price and 6.5% change in quantity, the new result always come with 617.1 and not 621 as the video. I think the video using the wrong formula. Please clarify
@@xaixai1953 Omg i come across the same question..... i dont understand why it wasnt 1.1*(1-0.065). it is stated in the curriculum also that it was 10% * (1-0.65) = 3.5% => that literally came out of nowhere!!
Why imports increased when even euro depreciate
Imports should had decreased
Wouldn't a 7.5% increase be equal to 3 Million instead of 30 Million (75%)?
It’s 400 mil