This was a huge help, especially when you evaluated the policies. Thanks!

Last of your videos watched before my final A-level Economics today! Thank you, paj, you have been amazing.

Who else is doing some cheeky last minute check ups before tomorrow's resit.....

I have got a single word for you sir: and that is "wow" your ideas and the way of explanations and reasoning are awesome ! Thanks

Really helpful video, helped me so much for AS last year and again for revision this year, thankyou very much sir :)

Your videos are absolutely brilliant, a great addition to teaching at schools; thank you for putting all the time and effort in that you do

ur explaintaions are 1] easy to understand. 2] simple language. 3] highly helpful for the working class. in general SUPERB

Omg, some ppl don't realize this is generalistic economics for ppl who are just beginning to learn it. Thank u for the help throughout IB!!

thank you so much! The best tutor i have ever seen

Thank you, have my econ exams soon and need all the help i need, your a life saver.

you are literally the greatest teacher of all time.

YOU ARE BRILLIANT! I'VE CLASSIFIED ALMOST ALL YOUR VIDEOS AS UNDER 'FAVOURITE'! My economics textbook comes nowhere near the standard you display in a 7/8 minute video. That 'A' I'm hoping to achieve will MOST DEFINITELY be down to you. THANKYOU!

I had my IB exam today, and just to let you know, you definately bumped me up a few grades! I'd just like to say thanks a lot, and let you know (which you probably already do), that you really help us and you might actually be the little difference I need to get accepted into med school! So thanks Phil, keep it up

Thank you for these videos, @pajholden. They are incredibly useful and easy to follow. I have never read on supply-side policies and your video taught me everything I need to know for my exams tomorrow.

You literally have revolutionised my mind.. you also inspire me to work alot aswell and have made me very interested in economics and finance which I just have to thank you for.. :)

Thank you so much! My teacher doesn't teach us everything we need for the exam, but you do!

Scottish higher economics pupil, found this really helpful, keep up the good work!

Got it in like 2 hours, doing a quick review hahah this guy, my friend, is truly a hero.

Awesome, really helped me understand Supply Side Economics.

You're an economic ninja, I wish you were my economics teacher!

Just watched it again, can't get enough of this!!!

Your teaching, in itself, is a MAJOR supply side improvement. :D brilliant teaching, improving education standards, and therefore the productivity of the future labour force ;)

This guy is a hero, so good at explaining stuff.

Woah! I wish you would be my Eco tutor. extremely helpful.

Your videos are great, thanks very much!

It's that time of year again where your views go up! Can't thank you enough for this! :D

Thanks so much! I wish I have a lecturer like you!

You are a life saver. Thank you ssssooooooo much! i wish you could teach at my school!

Thanks Phil! Love your vids, they are a great help!

Thank you very much I greatly needed this, a thank you from Bath!

Thanks, it well explainable and summarized.

you will be the sole reason for my pass grade this summer..

Thank you very much - very well explained.

this came up on my exam today, you're a legend mate!!! :D

so i had a AS exam today , and the 25 marker was on this and i watched the video before i went into the exam and i was soo happy cause i knew what to write :D

pffffffff that was amazing. Wish you were my economics teacher. Keep doing what you're doing

you're videos are so helpful!!! thank you :-)

this man is going to save my year 1 a level end of years

Please keep the videos coming! Such an excellent revision tool for budding economists, really appreciate them. #HoldenForGreekPrimeMinister

Basically copied this video out word for word in my exam today thanks

Brilliant stuff Phil.

this is the best form of education and training.

Omg thx so much phil!!! My exams are next week and I'm so glad you posted 2 videos!!! :D Thank you soo much :) :)

great video on what can be a confusing topic, thanks for the vid! :)

This is fantastic, thanks a lot.

great , anothe helpful and intuitive video.. Thanks

Thank you so much very helpful and coherent!!

this came up today in todays AS .. you absolute god!

Great video.... keep em coming pls ! thx..

OMFG!!!! This is just what I needed!!!! THANK YOU SOOO MUCH!!!

I'll say you did do a pretty good job of explaining the graph. So you get points for that :)

As always, excellent.

Heartfelt thanks to you Sir

Thanks a lot for the great video :D Got my A2 exam tomorrow.

thanks man... keep these videos comming,, because you havent posted many recently!

In deed you make a great point by stressing the fact that "supply side" can mean _any_ policy which govt can use to increase the productivity and output (like Keynesianism in the _short_ run, but, of course it (Keynesianism) doesn't exactly increase competitiveness, which is bad, especially in the long run, and not just for that reason but also due to the fact of the misallocation of scarce resources [which have alternative uses] that inevitably ensues, resulting in asymmetric failures, inflationary bubbles, and of course not to mention that all of this causes--HIGHER PRICES.

thankyou! you actually make 3am revision bearable

same here! Good Luck!!

Some points are controversial. 1 The relationship between Minimum wage and Unemployment rate. The final equilibrium of labor market is decided by both the supply and demand sides. It is possible that decreasing the minimum wage make the job not attractive enough. So people may stay unemployed and enterprises can't recruit enough people. But I do agree that flexibility is very important. 2 The example regarding to soft loans is a bit too general. Banks (not investment banks) have strong to avoid long term and risky loans. And some fundamental revolution is a long term and risky process. And soft loans is necessary.

looking damn fly in this video boss

love your videos .. you should make more

Thanks! Very helpful!

"I hope that makes some sense" Are you kidding me? You're an awesome teacher! :P Thanks! Keep the videos coming! (P.s just incase your curious about your target market or whatever: im studying this in year 10!)

you are one awesome person, how on earth did you know my AS macroeconomics was coming up in less than 3 weeks??

Really helpful, thanks :)

Thank you a mil!

Great stuff, humor in education love it!!!!

Yep you can argue that as a conflict in policies. You can use this as an evaluation point for questions about policies. Other conflicting policies include: contractionary fiscal policy (raising tax/cutting govts spending) will conflict with supply side policies as it will reduce AS

I would just like to take the pleasure in saying that you OWNED!! our friend ivanjrt

@ratchettie I'm not sure if I am in a position to answer this, studying myself, but I believe that subsidies are supply side policies as they aren't being given out to individuals to consume. These subsidies are bring given to firms with specific "rules", these can include that they must be put into only increasing output, or that they cannot be utilized to increase wages of the managerial members of the firms etc. Seeing as they are limited towards production, it must be a supply side policy.

Edexcel Unit 2 always has a supply side policy question of 30 marks .I might just score a 30/30 :) .Thank you ,it was really helpful .

Absolute legend. I think selfless people like this end up being the chillest people ever. Seriously my book is shit an this guy explains it perfectly.

Thanks for posting this, I'm a home schooler studying A-level and this is one of the main topics I am learning about, its nice to have someone speak it to me, it helps me understand the textbook better. The problems I am having are more with the fiscal and montary policies, especially quantitive easing, I can understand them by themselves but when it comes to the implications and trades offs I get a little muddled up. Do you have any videos on this? If not could you be so kind as to make some?

i love this man.

Excellent!!!

Thank you as choclatee89 says an app would be the next step for you, you've already got the demand!

Great Video

Sir your just amazing

@ratchettie Me too. HL or SL? I did question 1 for P1. Though 3 was also a viable option

@ivanjrt No I didn't mention the Austrian view. Nor did I mention the Marxist view, or several others. What I did do is show how some pro-market observers would welcome increased flexibility of labour markets via the removal of legislation to give market forces room to breathe while evaluating that view with the notion that such policy could leave low-skilled workers vulnerable to exploitation, thus covering the majority of views. There isn't time for minority views like Austrian or Marxist etc.

@bigrock123 thank you!!! And good to you too :D hope supplyside policies come up, they're my favourite ;D

In the second paragraph, I said how supply side policies decrease inflation rate by pushing out LRAS but it provides no short term solution so said demand side policy is also needed with combination with this etc.. Then mentioned current state of economy, UK in recession so supply side policy would actually provide an AD stimulus in the short run, helping economic growth while reducing inflation in the long run. I used Keynesian model diagram in this paragraph

gooooood work again

Im doing Edexcel. I wish you all the best and hope you can ace the exam. Im also looking forward for something about how government can achieve growth to pop up :D

very well explained

YOU ARE THE BEST

i cannot image how well my grade will be if you are my eco tutor

thank you! very very helpful! exam's in 2 hours...!

"Short term costs for future gains is not something that politicians like very much." That may or may not be true, depending of course, though it should also be noted that under the popularly understood concept of "supply-side" economics, any such ['supply-side'] policy could only mean _REDUCING_ costs, because definitively speaking you could not be taking from the supply-side sector to give to the demand-side, otherwise that would be "demand-side" economics, which definitively speaking is eliminated through supply-side policy just as supply-side policy is eliminated through demand-side policy. It's like this: Demand-side policy has to _take_ form the supply -side--that's the only way it can operate, whereas supply side policy _does not_ involve _taking_ from the demand-side in order to give to the supply-side. It simply involves _NOT_ taking from much less _giving_ to anyone. Question: If "demand-side" means taking from the supply-side and giving it to the demand-side, does that mean that supply is the _"opposite"_ of this (i.e. "TAKING from the demand-side and then redistributing this to the supply-side)???? Certainly not. But _that_ is the insinuation made by proponents of the absurdity that is demand-side so-called "economics." In my view, what they call "supply-side" doesn't mean taking from _anyone_ to invest in any kind of economic growth for anyone else, no matter who it would be, but rather, is simply the _absence_ of any such policies that would otherwise take away from the supply-side. Though, I can certainly see how an investment that lowers costs of production (even if in the long run) in one way could be considered a supply-side policy in that respect, though this investment is also a _cost_ to the very same supply-side, so in-order to really qualify such things as education or infrastructure as a supply-side policy I guess utlimately really comes down to the difference between their immediate costs and external benefits.

thank you!

Cheers Phil!

@wduwtn thank you - very kind of you!

Top video Paj! However when governments subsidise firms maybe they are trying to make them more price competitive in terms of foreign firms. Also banks are not lending due to a lack of confidence not because firms don't have good ideas....

Great stuff! It would be a bit more helpful if you could categorise the videos into playlists of different topics

Good Luck! :)

Would you say that the private market can in certain cases drive the price up? To me, it seems as if an insurence company that has 30% profit (30% of the money you pay for insurence does not go to covering expenses) will become more expensive simply because it is private.

The examiners favourite one is co-operation tax. I believe this is the best supply side policy anyway. Although governments revenue is likely to decrease but it would help the firms to increase international competitiveness. :) Hope I'm right. Who is doing AS Unit 2 Economic exam on Friday?. @pajholden you saved my life in less than 20 min :)

Fall in exchange rate = higher price of imports, cheaper exports, exports more competitive internationally, X-M is component of AD, AD can shift rightwards to contribute to inflationary pressures. (4 marks diagram, 2 marks inflation definition, 6-8 marks explanation) For 25 mark question I did page long paragraph on increasing interest rates, explained it, evaluated it's effectiveness & disadvantages and included a diagram. In second page long paragraph, I wrote about Supply Side policies.

exam tomorrow,good revision video :D

@Galileo0601 right I see what you mean. In that case, yeah I see how it could be a supply-side policy. Which syllabus do you follow? I'm doing the IB, just had my exams today and Phil helped me so much lol Having 3rd paper tomorow gaaaa