i be paying all that fkn money in college just to understand nothing and eventually come here and study with these nice guys. well, when i graduate, I will have a whole letter saved for youtube professors. we love and appreciate you so much
Big THANK YOU from Germany. You explained it SO well. I could understand it a bit in my university class, but I got confused often. With this video, it is much more understandable! bless
That was really good, very entertaining and informative video. I've been struggling with understanding the Solow model, and I've got my final tomorrow. I'm pretty sure that finding this video has saved me some points! Thanks.
I LOVE YOU GUYS SO MUCH. YOU ARE THE BEST. I'M LITERALLY JUST A DEPRESSED STUDENT TRYING TO LEARN TOPICS FOR THE EXAM BUT YOU MAKE EVERYTHING BETTER AND ACTUALLY MAKE ME WANT TO LEARN MORE NOT JUST FOR THE EXAM BUT JUST FOR THE SAKE OF LEARNING. I LOVE YOU GUYS SOOOOO MUCH
Thank you very much for this fantastic explanation of the Solow growth model. I have always struggled with growth models, and this is the best explanation. Thank you again!
Thank you! Advanced macroeconomics is my last course before getting my master's. I feel completely clueless after two years of studying journalism, these videos are really helping me get back into it.
@@RebeccaEd That’s really cool! To clarify, are you interested in misinformation research as it pertains to assistance dogs, or misinformation research in general? Either way I think that’s neat. I do a fair amount of tutoring in different subjects online, and I try to read up on related material. Two of my subjects are intermediate micro and macro, and I came across some questions on the Solow model recently. So I found myself here…
i paid 9k to try understand this at uni i’ve been to 3 2 hour lectures and 2 1 hour tutorials and i SWEAR TO GOD i’ve been clueless until i stumbled on this 7 minute video.
U great people,,, this vedio open my mind and i understand... i appreciate u alot,,, and your teaching method is soo good... i think not good its excellent,,,, i learn more things of it
Very good and easy explanation. But I missed one part. After watching your video, one might think that saving more can lead to an infinite increase of output. You have to mention consumption on the other hand. So, a higher saving rate increases output, but only a smaller portion of this higher output is consumed.
I would argue that's implicit my friend Igor. He did mention in the beginning at 1:05 Consumption and Savings being the only two possible consequences of created Output. Plus, saving more (investing) could never lead to an infinite increase of Output. This is easily seen if in an hypothetical scenario, you attribute all Output to Savings. It would indeed increase the output level until a new steady point where the depreciation curve meets the original output curve y=√K. Thus, my point being, that Output could never be infinite: You would end up with a higher level of output on a new steady state of Output which would curiously be the steady state of Capital too :D of course, this non-consumption scenario would be completely unrealistic!
No matter how hard you try, you can't simply keep saving until the day the universe blows up. Even if you disregard all your non-essential needs (which would curb the growth in its own right anyway), at some point you will have to direct at least some portion of revenue into immediate consumption rather than future investment.
Thank you so much! It was really useful. I like that description with all the useful links, but could you also make links for previous lessons? That would be great.
I'm really happy for finding your channel! my macroeconomist professor studied in Japan, and He is PhD, but he doesn't know how to explain that well, he sucks! I could kick the college and study by your videos, but I need the certificate. 😂Im from Brazil
I've never seen macroeconomic models being brought to life and thus made as understandable as it's done here. Thank you for all the work!
Brought to life ??? This model has nothing to do with real life, such as all neoclassical economics
i be paying all that fkn money in college just to understand nothing and eventually come here and study with these nice guys. well, when i graduate, I will have a whole letter saved for youtube professors. we love and appreciate you so much
Big THANK YOU from Germany. You explained it SO well. I could understand it a bit in my university class, but I got confused often. With this video, it is much more understandable! bless
The way you all illustrate this model is brilliant. Thank you so much for doing this!
your animation team rocks!!!
Thank you!
-Roman
I always fall asleep studying Economics or when Economics is being taught but you SIR, explain it amazingly well. I AM GLAD!
the quarantine brought me here since my professor doesn't want to do Zoom or upload lectures
Jungbae Eriel fun fact, mine is still expecting an essay on this without having taught it to us.
Ugh same got assignment about Solow model. But I got to tell, its really interesting.
You guys made the concept so much easier to understand, my macro econ prof can't relate... Thanks so much!
Hey how'd the rest of your econ class go?
That was really good, very entertaining and informative video. I've been struggling with understanding the Solow model, and I've got my final tomorrow. I'm pretty sure that finding this video has saved me some points! Thanks.
I know this was years ago, but I just came across your comment and was curious. How did your final go?
I love this, the sheer simplicity and expression to explain complex ideas.
The actual calculus for the Solow model is quite simple and quite beautiful. One of the reasons I love economics.
My entire degree is using these videos to cram for our test tomorrow, thanks for being lifesavers
I LOVE YOU GUYS SO MUCH. YOU ARE THE BEST. I'M LITERALLY JUST A DEPRESSED STUDENT TRYING TO LEARN TOPICS FOR THE EXAM BUT YOU MAKE EVERYTHING BETTER AND ACTUALLY MAKE ME WANT TO LEARN MORE NOT JUST FOR THE EXAM BUT JUST FOR THE SAKE OF LEARNING. I LOVE YOU GUYS SOOOOO MUCH
best explanation channel I have seen so far and not only inn contex of macro but everything
Thank you very much for this fantastic explanation of the Solow growth model. I have always struggled with growth models, and this is the best explanation. Thank you again!
such cute sounds, it's really fun to watch!!
SUCH A GREAT PROFESSOR, ANIMATION, EXPLANATION, EVERYTHING!!! MANY THANKS! PLEASE KEEP DOING IT! :)
dude, my words cant describe how happy I am to find ur videos
Test tomorrow, your vids really help a lot, thank you!
really helpful... it's so easy to understand all those things. how easily you explain all the key things... thank you...
Exceptional videos! Can't stop viewing them one after one. Helped me in grasping these concepts. Thanks Professors!
Can we all take a moment to appreciate the amazing graphics
cant believe that there is such a good explanation like this
Thank god for this video. It's so clear now!
Spuriously so.
Great video, just saw this video after reading Blanchard's macroeconomics and it complements perfectly.
I am about to take my last economics exam and university and have only just found this channel!! its so useful thanks so much!
Good luck!
-Roman
i've got my macro test tomorrow, wish me luck guys!!!
Good luck, Angela! You'll ace it. :) -Meg
same here
what did you get on ur test?
angelasings24 what did you get on it?
Hey. How'd it go?
Steady state? More like "Stupendous and great!" Thanks for putting together a collection of such high-quality videos.
Glad you enjoyed it!
Great videos and explanations! I wish macro were this interesting and easy to understand in school.
Thank you! Advanced macroeconomics is my last course before getting my master's. I feel completely clueless after two years of studying journalism, these videos are really helping me get back into it.
Hey I know this was years ago, but how did the rest of your master's go?
@@PunmasterSTP Actually I got a 5/5 on that last course after a lot of work and then I graduated.
@@RebeccaEd I'm really glad to hear that! Btw, are you working in journalism now?
@@PunmasterSTP I'm studying animal training now. Mainly assistance dogs. Interested in misinformation research. What are you up to?
@@RebeccaEd That’s really cool! To clarify, are you interested in misinformation research as it pertains to assistance dogs, or misinformation research in general? Either way I think that’s neat.
I do a fair amount of tutoring in different subjects online, and I try to read up on related material. Two of my subjects are intermediate micro and macro, and I came across some questions on the Solow model recently. So I found myself here…
You have no idea how helpful this was
did not have any idea but watching this video, I already feel like a pro
God! My book is really nothing compared to this animation video. Thanks. Keep growing.
thank you very much for the excellent videos. they made my concept clear, and this even better than attending my degree class
I was just curious; how'd the rest of your class go?
thank you thank you thank you !!!! saved me so much time, visual understanding is the best
awesome explanation and visualization. thanks a lot it will surely help me
easy, fast and very understandable, keep up the good work!
This explanation is so great! It really helped me! Thank you so much!
Thank you very much :) your videos are really good! Much appreciated :)
Thanks for this great explanation, better than the book
I love this wonderful story
Thank you for all your posts! :)
Great video, the animations and explanations really help :)
Could've shown a 5 year old this and he would've understood this model. Great video!
You guys rock every video is awesome and I love it ! Great Job Guys
awesome series.. i have completed one... learned alot.. thanks
And some of it no doubt is true.
Nicely explained.
This is incredibly helpful. Thank you so much!
i paid 9k to try understand this at uni i’ve been to 3 2 hour lectures and 2 1 hour tutorials and i SWEAR TO GOD i’ve been clueless until i stumbled on this 7 minute video.
amazing work!
This is so helpful! Thank you!
Thank You ❤
But your explanations and animation are just great!🙏🏻
thank you so much professors
This video helped me understanding the concept so well
you just helped me write my whole assignment.. thank you
amazing explanation to such a tricky topic in economics!
Thanks Sir !! You do Great job
Such a great video and explanation!
damn this is so high-quality content
The video editing is lit🔥🔥🔥
Nicely explained
U great people,,, this vedio open my mind and i understand... i appreciate u alot,,, and your teaching method is soo good... i think not good its excellent,,,, i learn more things of it
Thank you - keep going!
Roman
Very good and easy explanation. But I missed one part. After watching your video, one might think that saving more can lead to an infinite increase of output. You have to mention consumption on the other hand. So, a higher saving rate increases output, but only a smaller portion of this higher output is consumed.
I would argue that's implicit my friend Igor. He did mention in the beginning at 1:05 Consumption and Savings being the only two possible consequences of created Output. Plus, saving more (investing) could never lead to an infinite increase of Output. This is easily seen if in an hypothetical scenario, you attribute all Output to Savings. It would indeed increase the output level until a new steady point where the depreciation curve meets the original output curve y=√K. Thus, my point being, that Output could never be infinite: You would end up with a higher level of output on a new steady state of Output which would curiously be the steady state of Capital too :D of course, this non-consumption scenario would be completely unrealistic!
No matter how hard you try, you can't simply keep saving until the day the universe blows up. Even if you disregard all your non-essential needs (which would curb the growth in its own right anyway), at some point you will have to direct at least some portion of revenue into immediate consumption rather than future investment.
I was trying to find a video explaining the Steady State theory for astrophysics... ended up watching an economics video lol
Thank you so much! You explain so good :D
Thank you so much for this video you guys are awesome
Amazing! Steady state is key :-)
Beautiful video, subscribed!
great video. thank you very much!
Amazing video!!! Super helpful =)
thank you soooo much!!! you are just great! explanation is so easy!!
Thank you for the video! It helps a lot:)
i love your channel. please keep posting. i subsribed and liked
Thank you so much! It was really useful. I like that description with all the useful links, but could you also make links for previous lessons? That would be great.
this the best explanation ever
this video very helpful, thanks sir
Thank you sir. Understood clearly
This is AWESOME thankyou heaps!!!
I'm really happy for finding your channel! my macroeconomist professor studied in Japan, and He is PhD, but he doesn't know how to explain that well, he sucks! I could kick the college and study by your videos, but I need the certificate. 😂Im from Brazil
FANTASTIC!
lemme just say that you explained this so much better than my proff its disgusting.
This is an excellent explanation. Thaankk youuu sirr
thank you bestie this helped sooo much
Great, thank you!
Hahaha what a sound! there is a car crash at stead state point!
Good animation I like it
Sir you are awesome ... Love from Pakistan ❤️
thanks, you cleared my doubts.
You guys are amazing. please upload Ramsey cass kopman model, Diamond models, DSG models etc.
This is so useful.. thank you!
excellent explanation
This is the first time I've understood how 'investment' actually works in this model.
this video is really helpful！
Im watching this video while writing my test as an example for my explanation 😅
How do we know depreciation is a linear function?
Because capital such as trucks and machines depreciates at a constant rate with time
Thank you, you saved me !!!
Glad it helped!
-Roman
Very helpful. thanks
amazing video!
what a fantastic video. thank you so much
LOVE U GUYS U R THE BEST