To be honest I always found macroeconomics oblivious and I used to fail all the time, but now, it seems more clear thx to you, I’ll come back when I know if I passed this semester, guys pray for meeee
I just want to say, Thankyou for existing in this word!! I was the person who really hate about math and economic stuff. It's too hard to understand from the slide that my lecture given. Even from the book, but after watch your videos, I gettt moree and moreee better understanding. You deserve to get more than this. You really helping us !!!
Absolutely fantastic! Speechless to how amazing these presentations are, perfectly clear and easily understood. Honestly speaking, you are a life saver Dr. Azevedo! Please keep doing what you do. Thanks from NZ!
hello, sir. i am an economics student from Indonesia, currently working hard studying and preparing for my thesis. finally, i found your channel, and all I can say is a massive thank you, sir. you are the greatest lecturer because when you explain something, it's different, you make it so much easier. i always remember this : when you don't know something, but someone explains it to you in an 'easier way', it's because the person is truly a smart thinker. and you remind me so much of those words. thank you and may you always maintain the enthusiasm for your work, sir.
This man writing backwards deserves some kind of genius award lol.. I do that on foggy windows and stuff that’s how I noticed it but he’s on another level 😬😂
Thank you so much for this video! You’re a GREAT teacher. Thank you so much for explaining what each things is in the real world. I was struggling understanding Macroeconomic until I came across this video. Thank You 🙏🏾
OMG after searching multiple video and I end up here, I thought it was only a short 10 minute video so i did not skip it, after watching 30 min without realizing it was an hour for the full vid, and it is greattttttt!
I wish I came across your videos earlier Thank you so much, God bless you. Next week I'm writing my exams and I feel like I've learnt a lot more from your lectures thank you so very much 🙏🙏💖
I am here after my economics exam. Now I realised studying after exams is far more interesting than before exam 😂. Before exam I was studying for marks and now I am learning for my curiosity 😅
I truly like your lectures. You have the ability to keep me awake :) why in my lecture the curves are more parabolic meaning they are not straight they are like half a parabola the positive side the curves of SRAS and AD Does it make a difference ? which book are you using ? Thank you !!
this is the mankiw edition of Principle of Economics, it is used in PE class in Vietnam and Australia. I mean in real life the SRAS and AD curve actually fluctuate alot so it may looks like parabolic pattern, in lecture it would be straight line like simple function for better understanding
sir, if the expectations of inflation rate decrease, what would happen? is it still price expectations higher but just not as much as it is before or the price expectation become lower? Thank You
Regarding stickiness, a free market could perhaps be considered as a market with zero stickiness (somewhat akin to the ideal gas model in physics), where the speed of information transmission is infinitely fast (ignoring relativity) and the speed of price adjustment is also infinitely fast, allowing the entire system to instantly adjust to an equilibrium state. In reality, markets have stickiness, which leads to a thought: if the speed at which the market adjusts to equilibrium is slower than the rate at which the market itself is changing (such as in macroeconomics), what would happen? Therefore a thought has occurred, if the government undertakes actions to accelerate the market (or prices) to reach equilibrium faster, would this be good or bad? (In this case, government intervention would not be a disturbance to equilibrium, but rather an acceleration towards it, or making it easier to achieve equilibrium. For example, establishing a price near the anticipated equilibrium point, maybe it is very challenging) (Later, I realized that the latter half of the video already mentioned something similar.Whether it is good or bad for the government to reduce market stickiness or increase market fluidity or accelerate the market is a matter of debate among economists.)
I think you're on the right track here. I do believe there are things that the government can do to try to reduce stickiness. One example is to create policy that reduces the cost of information. Cell phones have actually done a lot to help with this.
That's a possibility. It depends on whether the good is durable once it has been produced as well as how much it costs for the firm to store it. If the good is durable and they can store it cheaply, they may increase production now. If the good is not durable (or if it is too expensive to store), they may decrease supply now so that they have the inputs necessary to increase supply in the future. Of course, this also depends on what they expect to happen to their input prices. Understanding expectations is challenging, because each firm can expect something different. I rarely use it as a determinant of demand or supply on an exam because you can create a story that makes just about anything possible.
Firstly great video But I have a question while you were explaining that 1930's example you said GDP fell by 25% and price by 22%, here price shouldn't have fell at least 25%?
I have recently been creating videos for upper-level classes, but I have plans to create videos for the other chapter in Mankiw. Do you have a request for which chapters you would like to see videos for?
@@DrAzevedoEcon i actually havent read the book yet. Im studying macro by your videos. I will watch all of videos you uploaded in this series. It's would be more wonderful if you make some videos analyzing recent world economic events. Thank you a lot, sir
![เป็นไปได้ไหม - WanMai [Performance Video]](http://i.ytimg.com/vi/Eh5hItD4Mr0/mqdefault.jpg)
This 1.75 hour will do no harm for your quest to learn how economy works in long and short run. Thank you sir. GOLD.
You are very welcome!
Me being here four years later and this man is completely saving me from my Econ exam failure!
To be honest I always found macroeconomics oblivious and I used to fail all the time, but now, it seems more clear thx to you, I’ll come back when I know if I passed this semester, guys pray for meeee
Dr. Azevedo, I can not give enough likes to your lectures! All the best, Ping
Thank you!
This deserves way more views. Such a great lecture 👏
I just want to say, Thankyou for existing in this word!! I was the person who really hate about math and economic stuff. It's too hard to understand from the slide that my lecture given. Even from the book, but after watch your videos, I gettt moree and moreee better understanding. You deserve to get more than this. You really helping us !!!
Thank you for the kind words! I'm glad you've found the videos helpful.
Absolutely fantastic! Speechless to how amazing these presentations are, perfectly clear and easily understood. Honestly speaking, you are a life saver Dr. Azevedo! Please keep doing what you do. Thanks from NZ!
hello, sir. i am an economics student from Indonesia, currently working hard studying and preparing for my thesis. finally, i found your channel, and all I can say is a massive thank you, sir. you are the greatest lecturer because when you explain something, it's different, you make it so much easier. i always remember this : when you don't know something, but someone explains it to you in an 'easier way', it's because the person is truly a smart thinker. and you remind me so much of those words. thank you and may you always maintain the enthusiasm for your work, sir.
Thank you for the kind words! I'm glad my videos have been helpful. Good luck with your thesis.
This is awesome, more grease to your elbow for the superb lectures, May God continue to shine the greater Light of His Surpassing wisdom on you
Thank you for the kind words!
This man writing backwards deserves some kind of genius award lol.. I do that on foggy windows and stuff that’s how I noticed it but he’s on another level 😬😂
Sir is writing forwards the video is flipped
@@radhikabakshi3782 oh ok lol
This intangible assets is unevaluable! Thank you, Dr.
You're welcome!
Thank you!! This lecture is so easy to understand! I was struggling with the reading of the chapter until I found this video. Thanks from CL!
You're welcome.....glad to be able to help!
Dr. of Economics u deserve more than what you give me, your presentations are working out here, thanks dear
I'm happy to help! Thanks for watching!
Thank you so much for this video! You’re a GREAT teacher. Thank you so much for explaining what each things is in the real world. I was struggling understanding Macroeconomic until I came across this video. Thank You 🙏🏾
OMG after searching multiple video and I end up here, I thought it was only a short 10 minute video so i did not skip it, after watching 30 min without realizing it was an hour for the full vid, and it is greattttttt!
Glad you found it! I hope it helped.
This is just beautiful. Thank you sir.
Thank you! Glad to be able to help!
bros singlehandedly saving my econ grade
Happy to help!
Third time watched this video, everytime I learned more!
Thank you so much, you are truly the best teacher ever
Thank you...I really appreciate that.
best lecture ever heard ,Thank you professor
You're welcome!
Slayed.
I wish I came across your videos earlier
Thank you so much, God bless you. Next week I'm writing my exams and I feel like I've learnt a lot more from your lectures thank you so very much 🙏🙏💖
Best explanation ever
Man is a goat
Like frfr
Very informative lecture on Keynesian Economics. Thank you Sir.
That’s an amazing lecture! So clear and easy to follow. Feels like cheating. Thank you a lot!!!
Very insightful and intelligent Doc.Keep up
Absolutely brilliant!!!!
Thanks! Glad to help!
Awesome lectures sire
I am here after my economics exam. Now I realised studying after exams is far more interesting than before exam 😂. Before exam I was studying for marks and now I am learning for my curiosity 😅
How did you do? M.
You're right....I always learn more when I'm genuinely interested in the topic. I hope you did well on the exam.
That’s so funny😂😂
What a great lecture!
I love this man.
Really great man ❤
Thank you! Thanks for watching
Good video. Recommended.
You are just amazing SIR.............Tons of thanks.
thank you professor!!!
You're welcome!
Thank you professor
You're welcome! Thanks for watching
I truly like your lectures. You have the ability to keep me awake :)
why in my lecture the curves are more parabolic meaning they are not straight they are like half a parabola the positive side the curves of SRAS and AD
Does it make a difference ?
which book are you using ?
Thank you !!
this is the mankiw edition of Principle of Economics, it is used in PE class in Vietnam and Australia.
I mean in real life the SRAS and AD curve actually fluctuate alot so it may looks like parabolic pattern, in lecture it would be straight line like simple function for better understanding
@@PhamDung-ff2er Thank you !!!
thank you so much for this lecture
You're welcome!
Thank you SIR!
Only thing I would suggest is also wear black shirts.
sir, if the expectations of inflation rate decrease, what would happen? is it still price expectations higher but just not as much as it is before or the price expectation become lower?
Thank You
Regarding stickiness, a free market could perhaps be considered as a market with zero stickiness (somewhat akin to the ideal gas model in physics), where the speed of information transmission is infinitely fast (ignoring relativity) and the speed of price adjustment is also infinitely fast, allowing the entire system to instantly adjust to an equilibrium state.
In reality, markets have stickiness, which leads to a thought: if the speed at which the market adjusts to equilibrium is slower than the rate at which the market itself is changing (such as in macroeconomics), what would happen?
Therefore a thought has occurred, if the government undertakes actions to accelerate the market (or prices) to reach equilibrium faster, would this be good or bad? (In this case, government intervention would not be a disturbance to equilibrium, but rather an acceleration towards it, or making it easier to achieve equilibrium. For example, establishing a price near the anticipated equilibrium point, maybe it is very challenging)
(Later, I realized that the latter half of the video already mentioned something similar.Whether it is good or bad for the government to reduce market stickiness or increase market fluidity or accelerate the market is a matter of debate among economists.)
I think you're on the right track here. I do believe there are things that the government can do to try to reduce stickiness. One example is to create policy that reduces the cost of information. Cell phones have actually done a lot to help with this.
outstanding
Sir, if the firm expects the price rise in near future, won't it increase it's production in the present to sell it at higher prices in the future?
That's a possibility. It depends on whether the good is durable once it has been produced as well as how much it costs for the firm to store it. If the good is durable and they can store it cheaply, they may increase production now. If the good is not durable (or if it is too expensive to store), they may decrease supply now so that they have the inputs necessary to increase supply in the future. Of course, this also depends on what they expect to happen to their input prices.
Understanding expectations is challenging, because each firm can expect something different. I rarely use it as a determinant of demand or supply on an exam because you can create a story that makes just about anything possible.
Brilliant
Thank you!
u r my hero
Ha! Thanks!
thank you
You're welcome! Glad to help.
i appreciate you so much g!
sir do you have any video on keynesian model, if you are available can you reply i have an exam tomorrow
Unfortunately, the only videos I have on the topic are the chapter 33 and 34 videos
Sir,can you make a video on theory of consumer choice (ch 21)
Firstly great video
But I have a question while you were explaining that 1930's example
you said GDP fell by 25% and price by 22%,
here price shouldn't have fell at least 25%?
thanks a lot sir
hello prof, i have doubt about illicit drugs industry how they are continue business high tax and less advertisement ?
Here's an interesting article on the economics of drug use:
insight.kellogg.northwestern.edu/article/the-economics-of-the-illegal-drug-market
Wowww🤝👏👏
GOD
Can I ask why we don't have enough videos of other chapters?
I have recently been creating videos for upper-level classes, but I have plans to create videos for the other chapter in Mankiw. Do you have a request for which chapters you would like to see videos for?
@@DrAzevedoEcon i actually havent read the book yet. Im studying macro by your videos. I will watch all of videos you uploaded in this series. It's would be more wonderful if you make some videos analyzing recent world economic events. Thank you a lot, sir
My lecture
sir pls upload ch 35
The boss
Taylor Jeffrey Hernandez Melissa Davis Nancy
vorrei un professore come lei...
Colin Robinson
Davis Joseph Wilson James Harris Dorothy
my man if not you i would fail my ecomy class
Haha! I'm happy to have been able to help!
Please change your marker.