I can't thank you enough for making it soooooo much clearer than any other prof I have heard so far. Profs should explain like you do. Thank you for often repeating what you're saying - so we understand everything watching your videos only once or twice, instead of having to repeat the same 50 seconds for 10 times. Many thanks from Milano
Wow, Dilara, thank you so much for the kind words! I really appreciate you taking the time to leave a comment. Economics is a super cool topic and I hope you continue to enjoy it. A suggestion...follow Econ Course Companion on twitter at @econ_ib. Twitter is the best way to get real life situations that will totally make the theory you are come to life. The link to twitter and instagram are in the description box. Anyway, thanks again and keep watching!
im having mocks his week and I couldn't be more grateful for this videos! it really helped me understand some difficult terms. economics sucks but thanks anyways
@@BradCartwrightEconomics brad can you send me your WhatsApp that i failed the ib mock, and i have some specific questions that i need you to answer it? Im having the test tomorrow!!!
What about population shifts? Human's bodily time of existence could be either an asset or a liability depending upon the human. How does population shift affect a nation's balance sheet?
What about interest earned (or paid) as it affects the international balance sheets? Surely that is 'real' money as well that would have an affect on the balance sheets. And where does that money come from? (Inside or outside of each nation).
Dear please reply What if financial account is also a negative and current account is also in negative????? As my country bop shows both are negative.? How will bop be balanced to zero?
Who and/or what sets the value of let's say 'gold'? If it's the market, then what if the market gets manipulated that then affects the price of gold, which then affects a nation's balance sheet?
What happens when a wealthy person in one nation moves to another nation? Or maybe is a dual citizen? Or maybe a corporation moves it's headquarters to another nation?
"Direct Investment": What about when one entity in one nation buys something else in another nation at either a very low price or a very high price then the item is normally worth? Good deal? Bad deal? Or breaking the law? And if breaking the law, in all nations involved, one nation involved? And if no laws in either nation, then just a really good deal or a really bad deal, but a deal is still a deal? A way how money gets laundered at times? Where's Mueller and his team when one needs them? Follow the money. Know the laws in the various nations involved.
Wait, so direct investment and portfolio investment measures the amount of money flowing out of red country into white. But "reserves" measures money in White?? Shouldn't it be about red as well? These are the financial accounts of a particular country.
"Net errors and omissions": Yea, let's just put this number in (whatever it is) to make the equation balance. Kick the can down the road that maybe one day some entity will pick up. And if not, they will just plug in their own number, kick the can down the road again, and life goes on until one day it doesn't. Gotta love economics. If the beans don't add up, just plug in imaginary beans to make it balance.
Note also: Not all nations are actually equal. (equal population size, equal resources, equal knowledge, etc). Reality would seem to indicate that there will be winners and losers in actual international dealings.
For a nation to truly be great on this Earth, they should be a nation that other nations look up to and want to be more like, and even if possible to become one with, not by force and/or out of fear, but willingly. That is true greatness.
I can't thank you enough for making it soooooo much clearer than any other prof I have heard so far. Profs should explain like you do. Thank you for often repeating what you're saying - so we understand everything watching your videos only once or twice, instead of having to repeat the same 50 seconds for 10 times. Many thanks from Milano
Wow, Dilara, thank you so much for the kind words! I really appreciate you taking the time to leave a comment. Economics is a super cool topic and I hope you continue to enjoy it. A suggestion...follow Econ Course Companion on twitter at @econ_ib. Twitter is the best way to get real life situations that will totally make the theory you are come to life. The link to twitter and instagram are in the description box. Anyway, thanks again and keep watching!
Glad to watch this video a few hours ahead of the exam.
Thank you, Brad.
im having mocks his week and I couldn't be more grateful for this videos! it really helped me understand some difficult terms. economics sucks but thanks anyways
Hahahaha! You made me laugh so hard! Thank you for the honesty and I'm really glad you have found these videos helpful to your studies.
Brad
@@BradCartwrightEconomics brad can you send me your WhatsApp that i failed the ib mock, and i have some specific questions that i need you to answer it? Im having the test tomorrow!!!
What about population shifts? Human's bodily time of existence could be either an asset or a liability depending upon the human. How does population shift affect a nation's balance sheet?
What about interest earned (or paid) as it affects the international balance sheets? Surely that is 'real' money as well that would have an affect on the balance sheets. And where does that money come from? (Inside or outside of each nation).
Dear please reply
What if financial account is also a negative and current account is also in negative?????
As my country bop shows both are negative.?
How will bop be balanced to zero?
awesome video 11/10
Thanks a lot and good luck!
how central Bank reserve impact on inflow or outflow??? please reply my brother!!
Who and/or what sets the value of let's say 'gold'? If it's the market, then what if the market gets manipulated that then affects the price of gold, which then affects a nation's balance sheet?
thank dude! good for my homework
Ha! Cool! Glad yo enjoyed it and good luck.
What happens when a wealthy person in one nation moves to another nation? Or maybe is a dual citizen? Or maybe a corporation moves it's headquarters to another nation?
"Direct Investment": What about when one entity in one nation buys something else in another nation at either a very low price or a very high price then the item is normally worth? Good deal? Bad deal? Or breaking the law? And if breaking the law, in all nations involved, one nation involved? And if no laws in either nation, then just a really good deal or a really bad deal, but a deal is still a deal? A way how money gets laundered at times? Where's Mueller and his team when one needs them? Follow the money. Know the laws in the various nations involved.
Wait, so direct investment and portfolio investment measures the amount of money flowing out of red country into white. But "reserves" measures money in White?? Shouldn't it be about red as well? These are the financial accounts of a particular country.
"Net errors and omissions": Yea, let's just put this number in (whatever it is) to make the equation balance. Kick the can down the road that maybe one day some entity will pick up. And if not, they will just plug in their own number, kick the can down the road again, and life goes on until one day it doesn't. Gotta love economics. If the beans don't add up, just plug in imaginary beans to make it balance.
Plizzz show calculations
Note also: Not all nations are actually equal.
(equal population size, equal resources, equal knowledge, etc).
Reality would seem to indicate that there will be winners and losers in actual international dealings.
For a nation to truly be great on this Earth, they should be a nation that other nations look up to and want to be more like, and even if possible to become one with, not by force and/or out of fear, but willingly. That is true greatness.
Also: As a nation gets greater, that nation's currency should be able to buy more, not less.