Macroeconomics: Crash Course Economics Demand and Supply Explained- Econ 4 months ago   13:43

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment

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Comments 958 Comments

ACDC Macro Review Packet for those those interested. Your welcome ;)
Richard S.
I don't think it was adequately described why exactly is deflation a bad thing. Sure, some people might not spend their money in hopes of even lower prices, but there are things you have to buy daily or when you need them. And a steady downward slope would be predictable enough that most would not worry about spending in the now.

GDP also is not only about buying (even less about buying for a low price). It's also about the production itself, which is going to increase as there are cheap materials and so on.

Where is my reasoning wrong?
The king of YEETS A.K.A Lasider
-_- yay Germany
Alejandro Laguna
9:32 I’m just sitting here, smiling, realizing “damn, this MOFOs really out here brainwashing peeps with their Keynesian bs, ain’t they”
Retard Alert
Mr. Cliffords evil and boring brother...

*Mr. Difford*
I have macros midterm in 6 hours
Vincent Henry
This is one of the most important lessons
Kofi Ackuaku
I have an econs test on Monday 😭😭😭
Blake Leming
Didnt mention Fiscal policy ( Increase or decrease in Government spending, and tax adjustments) and you didnt mention monetary policy ( Federal reserve adjusting money suppy)
Emmi Miksek
thits gut
They both speak extremely fast am I the only one feeling that way?
Ariel Currá
Great video
Nikita Glazkov
Love it! Don't listen to those who say that your humor is childish and therefore stupid. It is childish, but it's just the right thing to smooth those complex concepts you're explaining to us ;)
Vince Peterson
Thank you!
My homie Jacob really got a different AC/DC belt in each video
I had to reduce playback speed to x0.75 cause of my guys here😭
It’s so weird how that Indian popcorn guy doesn’t know he is on YouTube, ON crash course
Peach Lasagna
you talk faster than eminem
Taylor Owens
I am super new to learning about macroeconomics. I really like the guy in these videos but he is wayyyyy too fast for me to follow. I had to rewatch his parts 2-3 times!! But I do appreciate them. Thank you for doing these crash courses.
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Demand and Supply Explained- Econ Macroeconomics: Crash Course Economics 4 months ago   06:43

Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk

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Supply Video

Video Explaining Shifting the Curves

Unit playlists

Learn it by watching Indiana Jones