Respected Sir, I’m an officer in Indian Audit & Accounts Department and I will have to appear in a departmental exam which is related to Public Finance. Your channel covers more than 50 per cent of our syllabus and your way of teachings is so good that I’m sure to clear the exam. I thank you from the core of my heart for being a good teacher in helping me in my exam preparation. Thank you Sir again 🙏🏻🙏🏻
I have seen other videos of philips curve but could not understand concept clearly...this is the first time I understood and I am not going to forget it ever know for clearing my concept ...thanks alot sir
Wonderful sir 🙏🙏🙏🙏🌹🌹🌹🌹 You explained PC curve in very simple and easy way. Before listening to your lecture I used to be afraid of PC curve but now got the point and I love to read it. Thank you so much 🙏🙏🌹🌹🙏🙏 So nice of you.
Gping fundamental if the suddenrise in demand and the Expected production with respect to the L by highering the previous term of malnutrition or lesseinng import, hence the Phillipse curve must be having the maximal point which shows a great indifference.
Good explained respected sir....,but don't mind sir last ke 5 minutes me kuchh jyaada clear nhi hua... But one thing I want to tell you. Aapka samjhane ka tarika bhut hi achha h..
Sir ji Marris model for enterprise and beumol sales model of maximization in 2 topics py plzzz video bnain apka samjany ka way bestest h mujy wo wo chezain clear ho gai jo Abhi tak ni smaj thiiii
I am an actuarial science student and would recommend these amazing set of lectures hosted by honorable Sir. Its a great job you are doing sir, much respect and appreciation.
If in an economy, there are no supply shocks and expected inflation is 5% over the next year. Determine the inflation rate that is depicted by the short run Phillips curve at the natural rate of unemployment..??Answer plz
Sir I have a doubt in case of India where demographic dividend is 62.59% Then how un case of short run also labour supply or population can be constant ? Each year millons of student are ready to work Then how shortage of labour supply is a problem .
In AD AS model, why does a producer reduce his supply when cost of production goes up? I feel that a producer can increase the price as cost went up but should not reduce output. Sir could you clarify this thought in my mind?
1) Some factors unrelated to price can shift the production level. For example, a technological improvement that reduces the input cost of a product will shift the supply curve outward, allowing suppliers to provide a greater supply at the same price level. 2) SImilarly a rise in input cost means that there will be many sellers who are not able to sell due to higher production costs. thus the aggregate supply curve shifts to the left 3) there is a difference beetween supply and quantity supplied. on an individual A producer will not directly reduce quantity supplied if he is able to make profit. but in the economy as a whole there will be many suppliers who will not be able to sell their goods due to rise in production cost. hence the supply contracts for the economy as a whole and not to be considered from an individual perspective (also aggregate supply means supply of all goods in market and not just a single product) in phillips curve disccussion is related to agregate supply 4) in my opinion what you said is correct, however that holds out only for individual suppliers. the supply of ecconomy as a whole will contract though
@@aniketborkar1263 you are right sir If their is an improvement in labour productivity then we can get higher output even with the same existing labour also. But skilled labour also demands higher wages or to finance higher capital expenditure which could lead to reduction in overall supply if everyone doesnt afford this cost.
Kindly have a session on 1-"Rise and fall" of Dollar price and its effect on Rupee. 2-How the prices of oil and gold fluctuates and the role of dollar on such activities. 3-What is foreign exchange reserves and what factors affect it positively and negatively.
It simply suggests the increase in employment will be accompanied by inflation. It doesn’t mean the objective of raising employment is realised through creating inflation. Inflation can be caused by multiple factors.
Phillips curve is the observed inverse relationship between unemployment and inflation be it the demand pull or cost push. In Keynesian explanation of inflation it is a excess demand phenomenon that emerges as a result of expenditure after full employment.
Sir only one question if I am confused please guide me, My question is that • why India faces inflation and unemployment together when there is an inverse relationship between them ?
sir, bt you should,,now it aroses a demand for online classes,,cnt credit your effort of teaching,,bt i think lyk me many are willing evn to premium your laudable classes,,plz pay some concern towards my request....
S.K Rajput autonomous investments kisi country ke economic potential ko enhance krta hai for example government spending in infrastructure building that is provide employment and maintaining production capacity
Respected Sir, I’m an officer in Indian Audit & Accounts Department and I will have to appear in a departmental exam which is related to Public Finance. Your channel covers more than 50 per cent of our syllabus and your way of teachings is so good that I’m sure to clear the exam. I thank you from the core of my heart for being a good teacher in helping me in my exam preparation. Thank you Sir again 🙏🏻🙏🏻
All the best
,.
Sir may i contact you i am beginner in civil services and i need guidance plz sir
I have seen other videos of philips curve but could not understand concept clearly...this is the first time I understood and I am not going to forget it ever know for clearing my concept ...thanks alot sir
You explained PC curve in very simple and easy way....thanks for your convenience
Thanks and welcome
Thank you sir I'm from pakistan and your lecture is very understandable.
बहुत सुंदर लेक्चर सर।
Wonderful sir 🙏🙏🙏🙏🌹🌹🌹🌹
You explained PC curve in very simple and easy way. Before listening to your lecture I used to be afraid of PC curve but now got the point and I love to read it. Thank you so much 🙏🙏🌹🌹🙏🙏
So nice of you.
My job done!!!! Feeling great.
Very nice, easy and clear explanation.
Thanks sir
You are most welcome
Thanks sir for your good presentation about Phillip curve and Friedman Monetary policy in Short run and long run✌️I am from Bangladesh 🇧🇩☺️👍
Veryy well explained sir .. Thankyou !!!
Dear sir you are a great teacher.
Thankyou
Amazing explanation 👌
i have never seen a better lecture on this topic, thank you sir!
Your explaination are really easy to understand, thank you so much sir for spreading the knowledge.👏
It's my pleasure
Very good explanation sir👍
Thanks
Please, upload video regularly.
Gping fundamental if the suddenrise in demand and the Expected production with respect to the L by highering the previous term of malnutrition or lesseinng import,
hence the Phillipse curve must be having the maximal point which shows a great indifference.
Sir sab samjh gye but ek doubt h ye supply side me kon kon sa chej ka jis se LRPC1 to LRPC2 pe swift kre ga
Sir, thank you. What will include in supply side management to shift LRPC towards left?
Very nice Sir.
It cleared all my doubts about philips curve .
Lots of love from me.
Glad to hear that
Aap bohat achhe ho uncle.
Thank you🥺🙏
Welcome
Good explained respected sir....,but don't mind sir last ke 5 minutes me kuchh jyaada clear nhi hua...
But one thing I want to tell you.
Aapka samjhane ka tarika bhut hi achha h..
Thanks
Very informative video sir👍👍👍🙏
Keep watching
Thank you sir for your valuable lecture 🙏🏼🙏🏼🙏🏼
Most welcome
Best Explanation sir and thanks for the content.
Thanks for liking
# good job sir thank u
Perfect explanation , completely understood. Thank you for efforts.
Glad it was helpful!
Sir ji Marris model for enterprise and beumol sales model of maximization in 2 topics py plzzz video bnain apka samjany ka way bestest h mujy wo wo chezain clear ho gai jo Abhi tak ni smaj thiiii
I am an actuarial science student and would recommend these amazing set of lectures hosted by honorable Sir. Its a great job you are doing sir, much respect and appreciation.
It's my pleasure
I was asked that what is the difference between the Keynesian Philips curve and the classical Philips curve.
so what should I answer this question?
Thnx a lot sir, respect for u from the deepest depth of my heart .
You are welcome
Sir plzzz business cycle ka topic lijiye next
one day i will upload business cycle also
Very well explained sir. Thank you.
Glad you liked it
Wonderful way of teaching sir 🙏
Keep watching
You are excellent, sir. I always feel elated to study from your goodself.
Glad to hear that
You are the best teacher of economics on TH-cam.
I try to become good teachers like you. Thanks, sir
Thanks for your appreciation. My wishes are always with you.
Philips curve and philips hypothesis are same topics or not.......
You are GOD. I really needed it.
Janab insan hi rahnay day
what will be below natural level of unemployment??
Sir, LRPC ka left shift karne k liye kya steps lene padenge?
I was expecting that too but video ended..
Agr without money illusion job wage increase ho aur supply side management sahi hi to LRPC left side shift hoga
Wow sir....thank you..... Tomorrow will be my exam and I was searching this topic
All the best for your exam
Same condition 😃
Hamza Iqbal all the best for your exam
@@EZClassesfaghsa thank u
thank you sir...ur videos are very helpful.. sir which university is best for M.A economics in kolkata?? plzz rply
Thanks for watching
sir..which university is best for M.A in economics in kolkata??? plzz rply sir..
Call me this number plz help me 9829295300
Sir please Rostow model of economics growth ka topic lijiya next time.
Good morning sir.
Sir Phillips curve se related aur video bana digiye....
Noted
Sir how to reduce both inflation and unemployment what the process
Thanks Sir for Providing this erudite video.....
Thanks
If in an economy, there are no supply shocks and expected inflation is 5% over the next
year. Determine the inflation rate that is depicted by the short run Phillips curve at the
natural rate of unemployment..??Answer plz
Respected sir,
Thank you very much.
You are most welcome
Absolutely fantastic Sir! I'm preparing for UPSC..one of the best explained topic👌 Thank You Sir 🙏
All the best
Thanks Sir .......very helpful discussion.
You are welcome
Excellent lecture !
Thanks
Demand pull inflation or cost push inflation short or long kisme kya hoga
Well explanation sir thanks❤️
Most welcome
Good one
Thanks
Thank you sir..it really helped
Glad to hear that
very excellent sirr gggg from pakistan
Thanks
sir , may you please tell me how inflation and unemployment have negative inflation.
you question is not clear
Sir please also make video on overlapping generation model
Sir did it relevant in the present context
Yes, it is.
Great video. Thanks
You are welcome
Sir can you please re-explain the part of Breakdown of Phillips curve and specially its explanation from the AD-AS Model ?
Thank you a lot !
Hi Piyush. You can visit our channel and checkout our specific video on breakdown of phillips curve if you are still interested. Thanks!
Thank you so much sir for video like this. Students need this kind of videos. You are doing great job.
It's my pleasure
Thanqu sir from Pakistan 🇵🇰
Always welcome
Sir I have a doubt in case of India where demographic dividend is 62.59%
Then how un case of short run also labour supply or population can be constant ?
Each year millons of student are ready to work
Then how shortage of labour supply is a problem .
I watch your all videos sir . please suggest some economics book list .
Which topic???
@@EZClassesfaghsa macroeconomics
Basic to higher which includes classical and modern theorems
Sir rational hypothesis Phillip curve k bad develop hoe na?
In AD AS model, why does a producer reduce his supply when cost of production goes up? I feel that a producer can increase the price as cost went up but should not reduce output. Sir could you clarify this thought in my mind?
1) Some factors unrelated to price can shift the production level. For example, a technological improvement that reduces the input cost of a product will shift the supply curve outward, allowing suppliers to provide a greater supply at the same price level.
2) SImilarly a rise in input cost means that there will be many sellers who are not able to sell due to higher production costs. thus the aggregate supply curve shifts to the left
3) there is a difference beetween supply and quantity supplied. on an individual A producer will not directly reduce quantity supplied if he is able to make profit. but in the economy as a whole there will be many suppliers who will not be able to sell their goods due to rise in production cost. hence the supply contracts for the economy as a whole and not to be considered from an individual perspective (also aggregate supply means supply of all goods in market and not just a single product) in phillips curve disccussion is related to agregate supply
4) in my opinion what you said is correct, however that holds out only for individual suppliers. the supply of ecconomy as a whole will contract though
@@aniketborkar1263 you are right sir
If their is an improvement in labour productivity then we can get higher output even with the same existing labour also. But skilled labour also demands higher wages or to finance higher capital expenditure which could lead to reduction in overall supply if everyone doesnt afford this cost.
Thank you..it was helpfull.
Glad it was helpful!
thank you sir very help full in exam
Glad to hear that
Kindly have a session on
1-"Rise and fall" of Dollar price and its effect on Rupee.
2-How the prices of oil and gold fluctuates and the role of dollar on such activities.
3-What is foreign exchange reserves and what factors affect it positively and negatively.
Yes sir plzz
Well explained.
Thanks
Its the inflation pull inflation theory which will be clearly seen as job loss or unemployment.
Sir plz cover schumpeter economic development in your next video
thanks sir . I needs absorption balance of payament in hindi.
Well explained sir
Thanks
Economic behaviour is a function of nominal return or real return under monetarists
¿ explain in sentences sir
Thank you so much
You're most welcome
🙏🏻Thanku sir
welcome
You're a gem sir 👌
Thanks
Sir make video of mundel Fleming model
pehli bar price rise ku hua aur dosri time price rise ku hua plz tell us difference
Sir iska matlab ye hua ki hyper Inflation jada employment genrate karega phillips curve ke hisab se....
It simply suggests the increase in employment will be accompanied by inflation. It doesn’t mean the objective of raising employment is realised through creating inflation. Inflation can be caused by multiple factors.
SR When you start statistics and methmatical economics
maza aaya sir padh kee dimaag khula
Great
Sir ... long run philips curve is based on adaptive or rational hypothesis....if yes then how??
Static
Respect from nepal
Sir i want to knw that what is the main difference between philips and Keynes's thought regarding inflation and unemployment
Phillips curve is the observed inverse relationship between unemployment and inflation be it the demand pull or cost push. In Keynesian explanation of inflation it is a excess demand phenomenon that emerges as a result of expenditure after full employment.
Sir only one question if I am confused please guide me,
My question is that
• why India faces inflation and unemployment together when there is an inverse relationship between them ?
Wait for my next video
Bahut Acha lecture but sir hindi hi use Kiya kariye
ok
Thank you so much sir ..
Most welcome
Thankyou Sir...it really made the concepts clear...Sir can you please make a vedio on wholesale price index and consumer price index...plzz
YES I WILL
@@EZClassesfaghsa thankyou sir
Giffens good pe banado video
This is brilliant! Thank you sir. And also, do you take offline classes? If so, where?
Sorry, No offline classes
sir, bt you should,,now it aroses a demand for online classes,,cnt credit your effort of teaching,,bt i think lyk me many are willing evn to premium your laudable classes,,plz pay some concern towards my request....
mughal nargis I agree
Hi
sir...please make a video on investment function also...that will be a great help...thanks in advance
i will
Thankyou sir
Sir economic Mai autonomous investment hi kyo Liya tha Kenzien ne
S.K Rajput autonomous investments kisi country ke economic potential ko enhance krta hai for example government spending in infrastructure building that is provide employment and maintaining production capacity
@@lion1891 thank you 😊
Thnkssss for the video sir
You are welcome
Please Sir make video in hindi on Lucas critique. Thank you
ok i will
sir please RPSC 1st grade ke graducation ke topic krvado plz ...
sir price to 2 bar increase horae he jb economy a se b pe gae aur jb b se c pe gae .see AD AND AS FRAMEWORK..
Thank u . U r good
Thanks