The Short-run Phillips Curve
Рет қаралды 106,570
12 жыл бұрынThis video lesson introduces a basic Macroeconomic model showing the short-run tradeoff that exists between inflation and unemployment in nation's economy. By examining the effect that a shift in Aggregate Demand has on the average price level and the level of output and employment, we observe a simple tradeoff: lower unemployment generally comes at the cost of higher inflation, while lower inflation may require higher unemployment.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...
@ozansaglk6485 5 жыл бұрын
If I pass my economy exam that'd mostly be with your videos! Thank you Jason
@blok31092 12 жыл бұрын
this is fantastic. I have an exam on this tomorrow and it taught me everything I need to know about the SR Phillips Curve. Thanks!!
@christina735 9 жыл бұрын
Great presentation! Thanks for explaining this in a way beginners can understand :)
@Horiondigital 9 жыл бұрын
The best explanation of SRPC! Thanks.
@calebanderson5309 5 жыл бұрын
Great video. I give it a 8/10. Which on the Phillips curve is an 7/10. Just playing. Thanks man.
@samuri2011 11 жыл бұрын
ur a blessing~~~~ i did not understand at all until i watched this video~ thanx so much! ^_^
@SophatSoeung 11 жыл бұрын
Thank you! Why haven't I discovered the magic of KZfaq education earlier?
@mateolafalce5769 3 жыл бұрын
Thank you so much Treacher!!
@TheQawsed789 12 жыл бұрын
Great video on the Phillips Curve
@powerhits44 8 жыл бұрын
Danke Jason!
@MrJgidders 6 жыл бұрын
Very very helpful. Thankyou. You earned this sub.
@mm22sapphire50 8 жыл бұрын
jason youre a lifesaver
@9Coronas 11 жыл бұрын
It's a miracle. It's going to be the reason I graduate.
@lirychan8011 10 жыл бұрын
Clear and useful. Thank you very much
@99fergs 6 жыл бұрын
Finally, a cogent explanation.
@glenhael 2 жыл бұрын
Excellent as always thanks keep it up
@konulahmadova146 10 жыл бұрын
Thank you so much for such a great explanation!
@Jarjamfar 10 жыл бұрын
Do you have moment to talk about our lord and savoir Ben Bernanke?
@AlomgirkabirPolash 9 жыл бұрын
Sir, it was so much helpful for me. Thanks 😊 There is a little mistake in ur=8 but u draw in p.c 7 .
@carlosamaral4418 8 жыл бұрын
+Alomgir kabir Polash Yes, you are true
@Jodsk8s 12 жыл бұрын
thank you SO MUCH for posting this!
@nabaasajudithable 11 жыл бұрын
thank you now I have understood the relationship between unemployment rate and inflation rate.
@abhishekmore2750 5 жыл бұрын
Thank you, Nabaasa, I now understand what you learned from this wonder video!
@Omeit 11 жыл бұрын
awesome explanation.
@sparkgin 11 жыл бұрын
Thank you for every single tutorial ((:
@andrewsw6 12 жыл бұрын
Thank you! amazing video
@tobyvanextel1815 2 жыл бұрын
this was a great video
@sriramsenthil 12 жыл бұрын
I dunno how to thank u. Great job.
@mahadiarian9093 4 жыл бұрын
I didn't understand, for the AD, you connected the point a,b,c but for AS u didnt connect the point why?
@shubhamgoel5115 6 жыл бұрын
Great video
@vientoenpopa3 8 жыл бұрын
Does that apply for the interconnection of the chinese labor with the American Economy too? Cheap chinese labor can definitely not create a direct inflation in the world of the dollar, true? In the department of oil, the petrodollar does its part and in the one for the labor, China finish up the job and the dollar remains in the throne of the Kingdom.
@hank6222 12 жыл бұрын
me too! mine will be next week : ) Thanks God.
@renjing 4 жыл бұрын
How come in the AD-AS diagram you say there is an equilibrium price level, and then becomes an equilibrium inflation rate all of a sudden?
@helenaxie1517 11 жыл бұрын
when you plotted the disinflation line (the green line) on the AS/AD curve, you said the UR was 8% but when you put it on the Phillips curve, you put it under 7%. Did you mean to instead plot it on the 8% interval? If so, minor mistake... but just making sure.
@abhishekmore2750 5 жыл бұрын
Sorry for the late response! Yes, it was a mistake
@sumanchowdhury9549 2 жыл бұрын
why on earth LRAS,SRAS and AD intersect on one point?pls explain???
@TheRaulfaycal 11 жыл бұрын
thanks a lot.
@jamaabdijama 10 жыл бұрын
thnks 4 every thing
@Killuminatismd 11 жыл бұрын
Absolutely fantastic explanation. Thank you sir. I'll wire you some money if I ever become rich from studying economics and finance :)
@priyankatheartist8643 4 жыл бұрын
have you become rich?
@sasirut 12 жыл бұрын
Is that at 07:18 a mistake? Why did you write an unemployment rate of 8% on the left, but draw the line at 7% on the right? Am I missing something?
@HarpreetSingh-vt6qo 7 жыл бұрын
i understand that but why if in the question only the PL and gdp is given How do you find the inflation rate.
@abhishekmore2750 5 жыл бұрын
Carefully
@crystaloommen3790 5 жыл бұрын
gr8 xplanashun
@bargdaffy1535 2 жыл бұрын
So as we are experiencing right now High Inflation leads to Low Unemployment....
@stickytapelolhaha123 8 жыл бұрын
A.W. Phillips invented this concept in 1949 not in the 18th century! ;)
@marccasas9866 8 жыл бұрын
+Till Hoelzer True
@aanchalpandey168 8 жыл бұрын
+Till Hoelzer umm, that is the 18th century exactly! like rn i.e. in 2016, we are in the 21st century.
@nicolaslarkin7053 6 жыл бұрын
try again
@abhishekmore2750 5 жыл бұрын
You failed this exam, didn't you?
@sams.7910 10 жыл бұрын
+1
@JasonWelker 12 жыл бұрын
Yes, it's a mistake. Good spot!
@ayushmaheshwari2630 5 жыл бұрын
You are not suppose to show cost push inflation in keynisian model
@OccasionallyEpic 10 жыл бұрын
+Jared Farley Yes, we must all Ctrl+P(rey) to almighty Bernanke, lord of the printer.
@steveklurfeld4412 Жыл бұрын
ummmm...at 7:26...shouldn't that be an unemployment rate of 8%??? I mean what happened to standards...what is this country coming to?...where's the oversight.....:).....Point C is misplaced, sadly
@LikeGetR3kt 3 жыл бұрын
I hate econ