buffer stock schemes

[blahrandom]

i wish u were my teacher

[breedonboy1]

The guys a genius!!!!!

[IKMusic16]

thank you thank you thank you!!!!!!!!!!!!!!!

[AbeedSR]

AS Economics exam in 8 Days... Thanks.

[tricky12321]

@AbeedSR are you actually in AS or are you a re-taker?

[AbeedSR]

@tricky12321 AS :)

First ever A level exam.

[tricky12321]

@AbeedSR ohh really well good luck with that then!

Im retaking unfortunately, because i messed one question up giving me a B!!

[beggysk8]

@AbeedSR Tomorrow, this guy is a hero!

[notoriousfizzy]

Thanks your a legend we need teachers like you.. Most teachers

Talk load but thanks

[33ella]

that was really helpful

I understand Buffer Stock Scheme 100% clearly now

thank you so much .

I am sitting for my economics A Level in Jan 2012 .

[TheDanAdibi]

Has anyone ever told you....you're a life saver?!

Well I just did.

Thank you for your video!

[TheTeenprincess15]

thank u so much.... this will help me so much in my mocks....:D

[rickyjayjunez]

1 WORD! LEGEND

[werty123x]

Thank you so much!! A great video! You're awesome!!!!

[shahrul19933]

why is it when the buffer stock agencies buy up, the demand curve shifts to the right?

[SirithHeruwen]

@shahrul19933

There is more demand at the same price. The curve therefore shifts to the right.

[shahrul19933]

@SirithHeruwen Okay, but what made demand increase? Buffer stock agencies buying up more goods so less is available and people demand more of it? Please clarify, thanks so much

[SirithHeruwen]

@shahrul19933

...weird logic..lol

When buffer stock agencies buy up, they ARE the extra demand created per period of time. Since that is a non-price determinant of demand, the curve shifts to the right, creating a new equilibirum price, which is the whole point of the scheme.

[shahrul19933]

@SirithHeruwen Hahaha thanks mate! I get it :)

[tricky12321]

Ive only ever learnt this with a huge intervension price so I was slightly confused untill the end!! I think my economics teacher doesn't like the EU much as aparantly they are the ones who influenced this?

[amazia100]

really helpful...thank you!

[GottaGetMeFlixx]

.. is that demand is held constant, but surely shocks to demand are more detrimental to this system. There's some confusion here that needs to be cleared up. Demand seems to be neglected here, and I don't think it's appropriate to assume that it doesn't change at all in the long run.

[GottaGetMeFlixx]

Thanks, great videos. I have some queries I hope someone can clear up, really with the theoretical side of this? Are these schemes trying to keep price stable in the long term, how often is an intervention price set? If it's set yearly for example,surely demand is more volatile than supply which these schemes are more focused on. No protection is given by these schemes to the most volatile part of the system in the momentary run, which is demand. I'm guessing an assumption for these theory ...

[annie8nicole]

my exam is 2morow, my teacher is terible and i ddnt understand anything until now .. really thank u so much u hav been a great help 2 me thank u!

[dnashobsessed]

Thank you so much! What are commodity agreements? And it would be amazing if you would know of a video with the Theory of the Firm (total cost approach and average cost approach)?

[funisverygood]

Was the ERM a buffer stock scheme?

[GallardoDK]

Yeah dude me too :P

[pajholden]

@GallardoDK yep - me too

[KAP2268]

YEeah it it amaziiiinnnggg... I wonder how many ppl in our class is going to watch this video and read our comments::::::::::::))))))))))­)))))))))))

[simjulle14]

Shuuuuuuuuuuuuuuuuuuuuuuuuuuuu­uuuuuttup! I'm better than both you :)

[GallardoDK]

I am looking at this guy explaining buffer stock schemes :D Never had this much fun!

[KAP2268]

nothing muchh... watching this stupid presentation... u??

[GallardoDK]

what's up kasper?!

[KAP2268]

Wadupp Simone

[elmo9t1]

thanktou so much! without these videos my friends and i would be having some real trouble with economics! thanks :D :D

[arantxaxiam]

just excelleeeent!

[zacpoole]

This is great stuff Paj. . Keep it up =)

Really helping me with understanding some of these topics . . . its alot clearer when its being shown to you than trying to understand it by reading it in a book.

[rainingonshinygrass]

Thank you! You've made it crystal clear.

[GeneticAsymmetry]

Nice video...I would like though to add something:

With buffer stocks the prices might indeed be stabilized.However,supliers' incomes will not.They vary directly to the level of output.That's why (usualy) farmers have the incentive to overproduce.Not only there is a misallocation of scarce resources,but the manager(goverment) will have to typpically buy and seldom sell...

[killinhillbillys]

i know how it works. but is the purpose of this scheme to make it 'fairer' to the suppliers/consumers?

[izawanaque]

took me hours to understand the buffer scheme. if i found this video sooner, it would have only taken 7 mins of my life! haha. thx sooo much. how i wish u were my economics teacher!

[bullpies]

cheers brother

[UpTick21]

Great vid . . . Thanks

[mistryman112]

Great nice one good teaching.

[dhonirbk]

exam is on wednesday 3rd june 2009- macro and micro both... hard 3 hours of exams.

[jesusofsuburbia314]

mine too

good luck :)

[benmacdiarmid]

yeah same. gonna be a killer. good luck

[bhawksley13]

this is so useful for unit 1.......i swear my dad has that suit!!! omg xx!

[RemingtonSAXMAN]

Ye Buffer stocks can be pretty poor! For example in agric markets if the gov guarantees farmers a minimum price then a market can be over supplied in one vegetable as farmers are eager to supply, A much better alternative for giving farmers financial support is the single farm payment (like a financial easter egg for being well behaved with animal welfare and crop use etc) This will help farmers but keep supply at levels selected by the market i.e not oversupplied! Optimise rather than maximise!

[dhonirbk]

you are class my friend! what a teacher, excellent explaining, and theory, u deserve a round of applause!! brilliant!! absoloutely brilliant!! i have to forward this to bbc news!! what a player!!

[KAP2268]

@dhonirbk You are so gay man that it makes me sick...

[ch7exla1]

I'm not sure what your name is, but i would like to thank you so so much for your videos! My friend and I struggle with economics and so many concepts are explained so well thorugh your videos! I was just checking the video out but randomly grabbed a piece of paper and began taking notes when i saw this (i never normally do this). thank you!

[slimes23]

I think this could link in nicely with Black Wednesday and the ERM. It would be a great way of linking cold theory with real economic history.

[MicroTex23]

Interesting welcome back, this very theory could be applied to whats going on in the stock market in terms of commodity goods price vs. suply and demand. Thanks I learn something new everyday

[DiScUrNmEnT]

You learn something new everyday.

[loverofbeats]

Interesting video!

I have another request, if you don't mind: the depression of 1930, stock market crash. Can that be applied/explained to/in theory?