Macro: Unit 5.1 -- The Balance of Payments

Рет қаралды 92,357

6 жыл бұрын

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Discuss the benefits of trade
- Define an open and closed economy
- Analyze the effect of world prices and tariffs on the quantity of goods and services
demanded and supplied in the domestic economy
- Discuss the categories that make up a nation's current and capital (financial) account
balances
- Identify what transactions are included in a nation's current and capital (financial) accounts
- Practice calculating the balance of a nation's current and capital account, and ultimately,
the nation's trade balance
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Пікірлер: 40

@aubreyjdickens 5 жыл бұрын

thanks for saving me from my horrific midterm tomorrow, can always count on you, willis

@priyanshitripathi8784 5 жыл бұрын

You're saving lives you know❤️

@CarlosMartinez-jp1rq 4 жыл бұрын

Sufficiently basic to be awesome. Thank you Follow the money!!

@tbaiftikhar1031 3 жыл бұрын

Thank you for this video. Easy to understand these terms now. Keep up the good work !

@shivangisharma7210 4 жыл бұрын

Aaaah..... God bless you .....really saved me today ...thank you so much

@sindinkosi1759 2 жыл бұрын

Wow-what a powerful presentation. Thank you.

@jegaatheesrajendram106 4 жыл бұрын

it is a really nice and amazing explanation ... Thank you

@chahatsharma1702 5 жыл бұрын

Thank you for such an amazing explanation

@oladuminucophotography 3 жыл бұрын

Very well explained! Thank you :)

@thecuriousscholar09 4 жыл бұрын

Yup, we love economics man❤💯

@warisharehan4268 3 жыл бұрын

Well explained,you just saved me,so thankyou!

@michaelcopeman9577 4 жыл бұрын

I already love economics!

@subhankar.g4533 5 жыл бұрын

So much better than Jacob clifford. and everything is free as well!

@drjesuselshaddai9537 5 жыл бұрын

You are the best. You just saved my head

@HusseinDoha 4 жыл бұрын

Thanks for the video. In striking this delicate balance between protecting and maintaining domestic industries, and opening up imports of goods which will make consumers save money, the cost of losing economic activity in a region (unemployment) due to the impact of importing cheaper goods, ought to be accounted for. Unemployment bring devastating social problems like depression and crimes. If the way cheaper goods come from places that lack labour, health and environmental regulations. Competition to lower the cost of production can only come by disregarding these fundamental safety regulations.

@Claymunism 4 жыл бұрын

Splendid video, will share with friends.

@chrisberto799 5 жыл бұрын

thanks a million.

@abdulaisallieu8827 Жыл бұрын

Great presentation 👍

@agnayidas6891 3 жыл бұрын

Well explained, I genuinely loved it but I wish the lecture was available in a PDF...to read n revise the concepts.

@juliettegosling735 3 жыл бұрын

you sir are a LEGEND

@VictorLejarsa 4 жыл бұрын

you're good mate.

@amrezzal-arab6245 4 жыл бұрын

Oh, fantastic .

@capitlegynylseant.1700 Жыл бұрын

Thank you!

@gisahamza182 Жыл бұрын

i like the lecture it turned out useful to me

@asnikurnia6583 6 жыл бұрын

Thank u....

@YouWillLoveEconomics 6 жыл бұрын

You’re very welcome!

@PankajSharma-mv4nu 2 жыл бұрын

Well explained

@Nightengale0000 4 жыл бұрын

You got my sub

@joseph20yearsago61 6 жыл бұрын

Please explain New classical macro economics

@YouWillLoveEconomics 6 жыл бұрын

Be on the lookout in the months ahead and we’ll try to get to that topic.

@gashagazadavid2958 3 жыл бұрын

thank you

@tevinnyondo7448 Жыл бұрын

🔥✊🏽

@ojoolumide3917 2 жыл бұрын

Fantastic

@S.P20sss 4 жыл бұрын

Great

@mitchisnotafk 3 жыл бұрын

hero

@prateekgoyal1496 2 жыл бұрын

what is the difference between capital account balance and current account balance?

@grgn7786 2 жыл бұрын

The current account shows flows of goods, services, primary income, and secondary income between residents and nonresidents. The capital account shows credit and debit entries for nonproduced nonfinancial assets and capital transfers between residents and nonresidents. The financial account shows net acquisition and disposal of financial assets and liabilities. These are the official definitions.