i am taking this class online and I have watched so many boring videos and lectures and finally this is one that I can relate to and understand ! YAY FOR KHAN ACADEMY !
Thank you so much for this video!! My macroeconomics teacher could never lol some teachers need to realize just because they may be good at a subject doesn't mean they'll be good at teaching it.
6:07 the first is called the wealth effect. let me write these down, the first is called the wealth effect. Wealth. the first is called the wealth effect.
RESPECT SIR! YOU ARE AMAZING! i'm deeply grateful to you for making these videos! i'd seriously fail without your explanation!! thankyou sooo very much!!
You are amazing sir. The way you make things so simple to understand. People who write textbooks should learn from you how to explain things. Thank you sir very much.
Thankyou so much for making these videos. You have saved me on all my micro and macro exams. i really appreciate this because i am a visual learner and reading my text book over and over just wasn't clarifying it.
These videos are so amazing!! I know everyone else has already said it, but THANK YOU for creating these. This will really help improve my chances of passing my ECON exam. You’re awesome!!
@@PunmasterSTP Well, it went pretty bad actually (despite how hard I studied). The concepts I studied that were on the practice test weren’t on the real one. However, the crazy twist is that my professor ended up curving the whole class enough to take my final grade from an E to a C-! I don’t think I’ve ever been so excited to get a C- in my life. Lol I think the big curve was because I wasn’t the only one who got confused by the practice test. I can definitely say though that if the final were more like the practice test I would have passed. These videos were amazing.
I like how in the foreign exchange explanation, we use price level decrease to show that the domestic currency weakens and THAT would drive exports, rather than the antecedent itself. I figure that aggregate demand is more readily thought about as "what if everyone became twice as rich" rather than "what if price levels were half".
My economics text calls the third effect the "open economy effect" - when prices go down, the demand for domestic goods goes up, (purchased domestically or via exports) therefore the RGDP goes up
My friend who works in economics thinks the entire Congress should have to watch these before they're allowed to do anything with the budget. It should be required of them, especially Mr. Boehner and Mr. Ryan, "who thinks he knows how to come up with sensible budgets but doesn't know diddly squat." He told me Congress controls the budget, NOT the president but Congress. The president can only make suggestions, he claimed, but Congress makes the final decision. I did not know that before I met him.
My friend has a major in Macroeconomics and a Minor in Microeconomics. He got that first, then got a job and when he finally got work on Wall Street he paid to get his own Masters of Business Administration. He didn't go to any fancy university. I think he got his work b/c they liked how bold and brassy he is. I've never met ANYone brassier than HE is. Not even any other New Yorker, which is the first thing he ever said to me: "I'm a native New Yorker." He sure is.
Great stuff. One thing about interest rates. Its really the central bank that sets it based on its analysis of the current economical conditions. Not the amount of money saved. Money is lent by banks even if the bank doesnt have it - its created out of thin air. Creating money is a power given to banks by the GOV. Thx
@@PunmasterSTP LOL hey man, must have been for an economics class I had back in community college. I think ultimately I got a B in the class so it seemed like most tests went all right, can’t remember though.
Sal, I love your videos. I'm student rn and have like no money to spare but I promise you I'll always donate a percentage of my income to Khan Academy when I grow up.
I was getting so confused because I'm from the UK and was wondering why the dollar would weaken if our interest rates decreased! Anyway good video Sal!
Aggregate demand Aggregate supply ( macroeconomic content) - supply and demand in microeconomic content price and quantity aggregate demand (macro - economy as a whole) price level and real GDP (actual productivity of the economy) - general level of the prices of the economy aggregate demand - how much productivity there will be in the economy as a function in price levels of the economy - downward curve because of the wealth effect, savings and interest rate effect, foreign exchange effect *ceteris paribus - all other things equal
Thank you for your explanation!!! It helped me a lot in clarifying some misconceptions I got! But I got one question that I still don’t understand My teacher told me Aggregate Demand is equal to C+G+I+NX, which is GDP at market price I don’t understand why aggregate demand equals to C+G+I+NX Can anyone pls help me explain this?
@Doodsome higher employment pushes prices up (demand pull) when the quantity supplied by an economy is at its max (when the only way to bring GDP up is by shifting the LRAS curve to the right)
when i start to earn i will for atleast once contribute to khan academy for its awesomeness!!
Did you start earning yet?
yo did you?
did you contribute ?
@@mehdielhammani1448 lmao
Legend has it that she is still "taking" the Econ exam.
This man is saving lives. Got my economics test in less than 4 hours 👀
How did it go ?
@@ahmedfuttaim4548 Smashed it
@@reece5934 Congratulations, 👍 mines is in a week.
@@socahha how did it go?
Mines tmrw wish me luckkk
Voice quality, language, screen, flow .. everything is perfect. Thank you
Bro it’s Khan Academy
i am taking this class online and I have watched so many boring videos and lectures and finally this is one that I can relate to and understand ! YAY FOR KHAN ACADEMY !
Hey I know it's been years but I was curious. How'd your class go?
Thank you so much for this video!! My macroeconomics teacher could never lol some teachers need to realize just because they may be good at a subject doesn't mean they'll be good at teaching it.
Exactly, teachers have Phd in that subject still don't even know basic teaching skills🤦🏼♂️🤦🏼♂️🤦🏼♂️🤦🏼♂️
Omg so true ugh 😫
6:07 the first is called the wealth effect. let me write these down, the first is called the wealth effect. Wealth. the first is called the wealth effect.
The income effect right?
I didn't get that...
Alex Thompson ?
@@tomo0086 they're joking about how he repeats it while writing it down
RESPECT SIR! YOU ARE AMAZING! i'm deeply grateful to you for making these videos! i'd seriously fail without your explanation!! thankyou sooo very much!!
Did u pass?
I know it's been years, but I was curious. Did you end up passing your econ class?
You did a better job explaining this to me in 13 minutes than my prof' in 5 hours. Thank you!
Absolutely amazing! I will use this for my entire Economics A-level! Unbelievable how you can simplify such hard things. Thanks a ton!
Hey I know it's been years but I just came across your comment and was curious. How did your studies and tests go?
I must say that this video is really precious, very well explained. Thank you!
shoutout to khan academy for doing my teacher's jobs better and in general in and out of school
You are the only reason I will pass this course. Cannot thank you enough my friend
I just came across your comment and was curious. Did you end up passing?
This is one of the best videos of macroeconomics that I have watched in so long. Thanks!
Finally someone who can explain this in plain english. Thanks
You explained in 14 minutes better than what my proffesor did in an hour. And he's one of the better ones I have.
Wooo Hooo. Best teacher/tutor ever thanks. I was confused before watching this video.Not anymore after watching this.
You are amazing sir. The way you make things so simple to understand. People who write textbooks should learn from you how to explain things. Thank you sir very much.
Thankyou so much for making these videos. You have saved me on all my micro and macro exams. i really appreciate this because i am a visual learner and reading my text book over and over just wasn't clarifying it.
These videos are so amazing!! I know everyone else has already said it, but THANK YOU for creating these. This will really help improve my chances of passing my ECON exam. You’re awesome!!
How'd your exam go?
@@PunmasterSTP Well, it went pretty bad actually (despite how hard I studied). The concepts I studied that were on the practice test weren’t on the real one. However, the crazy twist is that my professor ended up curving the whole class enough to take my final grade from an E to a C-! I don’t think I’ve ever been so excited to get a C- in my life. Lol I think the big curve was because I wasn’t the only one who got confused by the practice test. I can definitely say though that if the final were more like the practice test I would have passed. These videos were amazing.
@@FoundMyBrave That’s crazy but I’m glad it worked out! How are your classes going this semester?
This video saved my life taking my final in my macro class. Thank you! Please come teach my professors how to teach...
I like how in the foreign exchange explanation, we use price level decrease to show that the domestic currency weakens and THAT would drive exports, rather than the antecedent itself. I figure that aggregate demand is more readily thought about as "what if everyone became twice as rich" rather than "what if price levels were half".
I wish health and happiness to you and all the people you love!
This is such a good visualisation on how this works! Thank you so much!! 🙏
thank you so much for this video ive been having a breakdown over my macroeconomics essay because I don't understand this topic😭😭😭😭😭
Man, you're doing God's work. Thank you so much !!
My economics text calls the third effect the "open economy effect" - when prices go down, the demand for domestic goods goes up, (purchased domestically or via exports) therefore the RGDP goes up
Thank you for making these videos! It is so helpful for self-study students:))
You're the best! What an explanation
awesome vid! it explains the whole chapter better than my lecturer
I know it's been almost a decade, but I just came across your comment and was curious. How did the rest of your classes go?
@@PunmasterSTP got a passing mark and have been working a white collar job for over 6 years now haha
@@D42h0ut That’s great! If you don’t mind my asking, where did you end up?
Saved my Life!!! Precise and condensed information saving so much time and energy!
Love you Khan x
My friend who works in economics thinks the entire Congress should have to watch these before they're allowed to do anything with the budget. It should be required of them, especially Mr. Boehner and Mr. Ryan, "who thinks he knows how to come up with sensible budgets but doesn't know diddly squat."
He told me Congress controls the budget, NOT the president but Congress. The president can only make suggestions, he claimed, but Congress makes the final decision.
I did not know that before I met him.
currently 12:28am exam is at 9:00am wish me luck
You remember how it went?
You taught better than my lecturer! THX！
Alright, my econ final is in 12 hours and I'm about to chug a can of redbull and binge-watch khan academy. Wish me luck bois.
I'm so glad you do these video's. Books don't sink in for me. Video is just so much easier, you deserve some sort of Nobel prize for this X]
You just got done teaching me linear algebra, and now I'm learning macro econ. Why are you so smart? you make me feel like a crappy person...
Khan Academy is pretty impressive. Great video.
Dude is saving my Macroeconomics exam
Dayyumm, you are just saving me from the exam that I have tomorrow
My friend has a major in Macroeconomics and a Minor in Microeconomics.
He got that first, then got a job and when he finally got work on Wall Street he paid to get his own Masters of Business Administration.
He didn't go to any fancy university. I think he got his work b/c they liked how bold and brassy he is.
I've never met ANYone brassier than HE is. Not even any other New Yorker, which is the first thing he ever said to me: "I'm a native New Yorker."
He sure is.
Great stuff. One thing about interest rates. Its really the central bank that sets it based on its analysis of the current economical conditions. Not the amount of money saved. Money is lent by banks even if the bank doesnt have it - its created out of thin air. Creating money is a power given to banks by the GOV. Thx
this professor is insane, sensational, thank you so much
Thank you very much.. crunch time for macro test, this really helped
I know it's been almost a decade, but I just came across your comment and was curious. How did that macro test go?
@@PunmasterSTP LOL hey man, must have been for an economics class I had back in community college. I think ultimately I got a B in the class so it seemed like most tests went all right, can’t remember though.
@@scsquaredd Haha yeah I know it’s been awhile! It was really cool to hear from you, and I’m glad things worked out.
more more!! this is awesome. I see your pace is speeding up! makes me excited!
Thank you so much in helping me with my economic principles course!!!
this is well expained and understandable
Thank you for your explanation!!!
It helped me a lot in clarifying some misconceptions I got!
Hey
Thankyou so much! You've helped me understand the concept very clearly!
Sal, I love your videos. I'm student rn and have like no money to spare but I promise you I'll always donate a percentage of my income to Khan Academy when I grow up.
I was getting so confused because I'm from the UK and was wondering why the dollar would weaken if our interest rates decreased! Anyway good video Sal!
Respect you, Sir! Badhon Dola From Bangladesh! 💚💚💚🇧🇩🇧🇩🇧🇩🇧🇩
This video realy inspired me to read on khan academy
Thanks a lot....
SIR its realy great job done for the help of people anywhere in the world like me ......Abid (PAKISTAN)
Obsessed with voice and explanation 😍
lifesaver for my exams!!!!!!
Thank u
This guy's job is awesome.
Thanks for the video. You teach 100x better than my Economics professor who is probably paid 6 figures a year.
Thank you very much, for the excellent job, I have no idea how many students you helped
Bro saved my grades with all of these videos
finals are tomorrow! thanks so much!!!!
heyy.... i saw ur channel in VIDEO NOTEBOOK advertisement on youtube really helpfull videos thankyou
so much respect i have for this guy
Khan Academy has been helping me pass & complete my projects since 2016 😂 Thank You!
Khan!! i love you . THX
Thanks really helped
Excellent, Excellent, Excellent!!!!!!!!!!!
Very Well Done man
Thanks. I learnt a lot from this video.
I love KhanAcademy!
It don't go down.
IT DO GO DOWN!!
My teacher blows, paying 50,000 to learn more from a youtube video thank you
Beautifully explained
Aggregate demand
Aggregate supply ( macroeconomic content)
- supply and demand in microeconomic content
price and quantity
aggregate demand (macro - economy as a whole)
price level and real GDP (actual productivity of the economy)
- general level of the prices of the economy
aggregate demand - how much productivity there will be in the economy as a function in price levels of the economy
- downward curve because of the wealth effect, savings and interest rate effect, foreign exchange effect
*ceteris paribus - all other things equal
thank you....now i understand better
Thank you for your explanation!!!
It helped me a lot in clarifying some misconceptions I got!
But I got one question that I still don’t understand
My teacher told me Aggregate Demand is equal to C+G+I+NX, which is GDP at market price
I don’t understand why aggregate demand equals to C+G+I+NX
Can anyone pls help me explain this?
I feel like double liking your videos. Kudos!
Phenomenal video. Thank you!
thank you sooo sooo sooo much ! you made it clear and simple
Thanks so much,,, 😊
Sir, I am week in english and I am not understanding whatever you teach and I think your video is very useful.Please help me sir please
At 9:51 you use the word "stimulates" and you draw a downward arrow. Please fix.
Very helpful classes. thank you.
god bless khan academy
Great explanation on exchange rates!!
amazing,helped me a lot
this is awesome thanks, good for my money and banking class
Thank you sir I can understand very easily
@Doodsome higher employment pushes prices up (demand pull) when the quantity supplied by an economy is at its max (when the only way to bring GDP up is by shifting the LRAS curve to the right)
This topic finally clicked omg
Great Video. So much help! Makes soooooo much sense now!
thnx for the viddeo helped alot for the last minute study
omg great job khan !
BETTER THAN WIKIPEDIA.
Like the explanation!
OMG THANK YOU SO MUCH!!!
God bless you!
Very helpful, thanks
Good stuff
This is great! Helps me understand better. Keep on posting vids! THANK YOU =)