Being an assit prof of economics and business administration, I must say that you are brilliant in explaining the topic REH.... Sir, thanks a lot to you......
Sir At 23:53 wage rate increase hone se AS left side shift ho gya but wage rate increase hone se labour supply decrease kyo hui.. Supply to bdhni chahiye.. i am confused
Raju Kumar AS is not labour supply. It’s goods and services. As the wage rate increase AS supply will decline (given the price remaining unchanged). This is because wage increase causes the cost of production to go up.
@@EZClassesfaghsa yes sir but me ye puchhna chaah rha tha ki video 23:53 pr apne bataya ki wage rate bdhne se 2nd graph me Labour Supply curve bhi left side shift hua h.. jbki wage bdhne se labour supply increase hoti h
@@EZClassesfaghsa AD badhne se Nd shift hua right kyuki price badh gayi and hence VMP increase hogaya now kyuki rational expectation theory hai, so in short run itself labour ne realise Kia ki Price badh gayi hai ..jisse real wage unki Kam hogayi..and real wage ke Kam hone pe Ns left shift hua .they revised their expectations..n and demanded more wage now which in turn increased the cost of production..jisse SAS left shift hogaya hope that answer your query
sir with all the due respect, as a result of increase in price, higher wages will be demanded by the labors, this will increase the cost of production and AS curve will shift backward to SAS2, this in turns should decrease in labor demand by the producers, opposite to your stated decrease in labor supply. hence there should not be any backward shift in labor supply curve.., plz correct me if i m wrong. thanks
Sir i am going to give a interview for lectureship in university..sir plz give me a favour by telling me what topics I must cover that may b asked in interview
also a parallel increase in price along with money wage will leave real wages unchanged, not declined Opposite what u stated in last. i m confused here.....
hi, Y1 was the effect demand interaction with AS...so it's not the full employment level... as rational expectations theory develop against Keynesian model..so we started with Y1 effective demand equilibrium and not full employment equilibrium hope that answers your query..
My lectures provide basic understanding of the concept. For upsc you need to study books and articles particularly about Indian economy. The only recipe for cracking upsc exam is read read read, practice practice practice (answers)
Pankaj Bhardwaj there have beenIndian thinkers as well, Dadabhai Nauroji, G M Ranadey, J K Mehta to name few. But, you are right, vast majority of them are European and Americans. Reason is simple. The work conditions that exist in these countries, academic institutions are run professionally, could be the possible reasons. We are still unable to offer the facilities and environment to our academics. The fact that those Indians who received Nobel Prize in various fields are/were foreign citizens or worked in those countries. Professor Khurana, Professor Chandra Shekhar, Professor Amartya Sen, Professor Abhijeet Banerji are the examples.
@@EZClassesfaghsa right sir, but, there is one more aspect, such as Japanese and Chinese are providing a good environment for scholars and researchers, and they are really impactfull in the field of mathematics. And as we saw, these European and American had applied Mathematics to Economics and achieved alot, then why Japanese, Chinese and people around the world are always put on the back step comapairing to them.
Being an assit prof of economics and business administration, I must say that you are brilliant in explaining the topic REH.... Sir, thanks a lot to you......
After searching for so long I found real economics teacher thank u sir😊
One of my best TH-cam channel.aapka lecture sunte waqt aisa lagta hai jaise university me classes lag rahi hai.thanks🙏🙏🙏
Thanks and keep sharing with other students.
Mujhe bada intejaar rahta hai aapke vedios ka
Thanks for waiting
Thankyou sir, your video is too good .I can easily understand the concept of rational exceptation through this video,
Glad to hear that
Sr I am highly thankful to you for your fruitful afford.
Manjeet Kumar Manythanks.
Teaching very impressive.... Well done sir....
Thanks 🙏
Understood clearly. Thank you GURUJI
WELCOME
Very good sir, very nicely explain the topic
Keep watching
Sir At 23:53 wage rate increase hone se AS left side shift ho gya but wage rate increase hone se labour supply decrease kyo hui.. Supply to bdhni chahiye.. i am confused
Raju Kumar AS is not labour supply. It’s goods and services. As the wage rate increase AS supply will decline (given the price remaining unchanged). This is because wage increase causes the cost of production to go up.
@@EZClassesfaghsa yes sir but me ye puchhna chaah rha tha ki video 23:53 pr apne bataya ki wage rate bdhne se 2nd graph me Labour Supply curve bhi left side shift hua h.. jbki wage bdhne se labour supply increase hoti h
@@EZClassesfaghsa AD badhne se Nd shift hua right kyuki price badh gayi and hence VMP increase hogaya
now kyuki rational expectation theory hai, so in short run itself labour ne realise Kia ki Price badh gayi hai ..jisse real wage unki Kam hogayi..and real wage ke Kam hone pe Ns left shift hua
.they revised their expectations..n and demanded more wage now
which in turn increased the cost of production..jisse SAS left shift hogaya
hope that answer your query
Sir ki dly tell me A.w.phillip belong to which school of thought?
Moniterist or neoclassical?
Keynesian school
thank u very much..sir I started with writing answers..n m able to write it...hope the importance Persist
and all thanks to u
All the best
sir with all the due respect, as a result of increase in price, higher wages will be demanded by the labors, this will increase the cost of production and AS curve will shift backward to SAS2, this in turns should decrease in labor demand by the producers, opposite to your stated decrease in labor supply. hence there should not be any backward shift in labor supply curve.., plz correct me if i m wrong. thanks
Sir aap econometrics ki be videos bnao.
I will but not now.
Excellent explanation.........
Glad you liked it
Well done sir..your way of teaching is excellent
Keep watching
Sir i am going to give a interview for lectureship in university..sir plz give me a favour by telling me what topics I must cover that may b asked in interview
When you have to appear for interview?
Sir I think within 15 days
If not delayed due to corona virus
Thanks a lot sir... Wonderful explanation
You are most welcome
Thnk u so much sir..its really very helpful..
Glad to hear that.
Very good session sir
Keep watching
Please make a video on lucus critique...Thanks in advance...
welcome
Sir please make video on lucas critique. And thank Sir , now I clearly understand the rational expectations hypothesis theory. 🙏
Noted
also a parallel increase in price along with money wage will leave real wages unchanged, not declined Opposite what u stated in last. i m confused here.....
Diagrams are not visible sir
Thanks a lot sir...
sir when economy was operating at full level of employment at Y1, why govt. increased its expenditures? what it desired to achieve?
hi, Y1 was the effect demand interaction
with AS...so it's not
the full employment level...
as rational expectations theory develop against Keynesian model..so we started with Y1 effective demand equilibrium and not full employment equilibrium
hope that answers your query..
@@eachoneteachone9447 but y1 level of employment is against LRAS CURVE,,, which shows full level of employment....
Thank you sir..sir kindly elaborate more the topic of new classical and new keynesisn
Now you have clarity about new classical and new Keynesian
New vedio nahi aa rahe sir aapke
sir...plz make videos on left topics on macroeconomics like new keynesian economics, monetarism, theories of business cycles. Thanks in advance
New Keynesian on coming Wednesday
Pl give the references.
I will try
Sir econometrics ki video banaye please
Noted
sir...suggest me a good book on macroeconomics....i have read H.L.Ahuja.
tell me the purpose. For admission to higher class or for competitive exam.
MC Vaish
Shapiro
Etc...
@@EZClassesfaghsa i am net jrf qualified...preparing for uphesc and rpsc assistant professor exam...suggest me a good book for macroeconomics
Sir I am ug student doesn't no much that's y asking r ur lecture are sufficient for upsc eco optional or we need to elaborate more
My lectures provide basic understanding of the concept. For upsc you need to study books and articles particularly about Indian economy. The only recipe for cracking upsc exam is read read read, practice practice practice (answers)
Good sr
Keep watching
thankyou sir .
Most welcome
Thanks sir
Welcome
10:10
First😃
Welcome
Sir, I want to ask one thing that
'Why do only Europeans and Americans dominate in the economic doctrine?'
Pankaj Bhardwaj there have beenIndian thinkers as well, Dadabhai Nauroji, G M Ranadey, J K Mehta to name few. But, you are right, vast majority of them are European and Americans. Reason is simple. The work conditions that exist in these countries, academic institutions are run professionally, could be the possible reasons. We are still unable to offer the facilities and environment to our academics. The fact that those Indians who received Nobel Prize in various fields are/were foreign citizens or worked in those countries. Professor Khurana, Professor Chandra Shekhar, Professor Amartya Sen, Professor Abhijeet Banerji are the examples.
@@EZClassesfaghsa right sir, but, there is one more aspect, such as Japanese and Chinese are providing a good environment for scholars and researchers, and they are really impactfull in the field of mathematics. And as we saw, these European and American had applied Mathematics to Economics and achieved alot, then why Japanese, Chinese and people around the world are always put on the back step comapairing to them.
thank you so much sir!
Keep watching
Thank you Sir
Most welcome
Thanks sir
Welcome
@@EZClassesfaghsa sir, I like to watch your videos. Sir please start a searise for Indian Economies survise exam.
Thank you sir
Welcome