balance of payments - structure of the current account

[starjulian]

it would be great if you can talk about the financial and capital account

[jalalfalcon]

You go lad! you have just taught me something in 7 minutes that my teacher wasn't able to do in 7 hours

[Anthony42850]

This helps me a lot! Thanks! Btw the percentage must have risen enormously there in Greece comparing to 2008, right?

[realvideo24]

This video was made in 2008 and you said Greece had a deficit of 9-11% now look 3 years later were Greece and the Euro is.

[angelysabelle91]

Thank you so much! If you're reading this, you're helping me in a great way in preparing for my Long Test in Finance. :)

[rogerb1860]

Another really useful video for our students

[itswhatevers123]

Your ability to explain economics has once again become very useful to me. Thanks!

[bongbongbong888]

NEXT LEVEL ECONOMICS REVISION!

[jeirobrt]

nyc vid... but wat abt capital a/c ??? plss upload it too...

[marceuru]

excellent MAESTRO as usual; you helped me a lot during my degree and now doing the same in my msc, cheers sir

[kvijms]

Thanks a lot for your help, i got my balance back in economics :)

[Tannzyllah]

thnks loads..

[KRKbert]

Living in Greece you say. Sounds like the evidence was there back in 2008 when this video got posted :)

[destroyer11701]

dude i couldn't understand your thick accent at first but thank you! =D

[pajholden]

@destroyer11701 With all respect, I don't think it is me that has the accent..... thanks for watching!

[yuenj01]

@destroyer11701

he doesnt have any accent, where you from?

[eatacake12345]

@destroyer11701 you share its mr holdens "thick" accent, and not your think head?

[eckseller]

@eatacake12345 I don't "thick" it's wise to utilize the word "thick" in a sentence with the incorrect spelling of the words "sure" and "thick"...

Thank you Mr.Holden for your videos. I am taking an AS level currently (Jan 2012), in Economics in the U.K. with AQA, but only commenced study 4 weeks ago and your videos have aided significantly! Many thanks.

[umenyanevsedoma]

very nice

[jamaiquino876]

you made a math mistake. it is supposed to be -570, innit?

[jeirobrt]

@jamaiquino876 - mate no offence but u should check ur maths ! d guys rite... its a negative 530...

[tuchnak]

You are simply amazing!

[1991robguz]

hi very big fan! been following your work for a while now, just wondering if it would be possible to see new videos on topics such as the Mundell Fleming and IS LM model would be very helpful, keep up the good work.

[Norskal]

I'm disappointed you didn't mention the pros and cons to a CAD surplus/deficit, and how it might be better to measure CAD as a % of assets and not GDP.

[faizksa]

paj you're amazing!! you really helped me and for that i'm grateful! thank you!!

[jimmylovestoshimmy]

Why spend billions on education when pajholden's around?!

[holdel17]

luv this thanx for the help!

[tobyarsenal]

heeey im a wanker and im back inside!

[Galileo0601]

Bah. An alcoholic. Scotch Whiskey !!!

[infernalkid100]

paj love you videos, you have covered all of microeconomics and some of macroeconomics got my exams in 3 weeks wondering if you could put mor macroeconomics liks SUPPLY SIDE POLICIES OR AD AND AS ANALYSIS??

[dung9393x]

thanks a millions... God Bless you

[nepaligurkha]

You are amazing!! your a great teacher

[acejetfighter]

My school exam's tomorrow... why am I only discovering your videos now??? 

[Katebebe1]

Yes, we are watching the same good thing! ;)

[1234125321]

Why is everyone saying good things about this vid? We watching the same thing? o_O

[JKilbeZ]

cheers man. this is so much better than staring at a book!

[learnanddeliver]

Thank you, this very helpful and clear explanation. I lost some points on my mid-term exam about current account questions. I should have viewed this video prior to my exam :-(

[fariskcc]

Brilliant !!!

Keep up the good work. SUBSCRIBED !!

[vibhordude]

thanks very much never understood this ,....but now i'am clear ..

[sunny123321]

if only you were teaching here in Canada, I'd be proud in paying my tuition fee.

[HarukaOfficial]

Professor you are amazing! Makari na ihame kathigites san ke esena ke stin Kipro!!!!! Seriously -_- My teacher explained this today, and I thought I understood but then when she showed a balance of payments report I was so lost o_O THANK YOU!

[DMen3]

I have a question, how do they calculate the Balance of Payments? I think its really difiicult and can't be measured very accurate?

[colebrotherlarry]

Thank you very much! A great help for my upcoming exam... oh, and you have a very nice voice.

[james02Perry]

Excellent & so easy to understand explanation. Thank you, Sir.

.

[james02Perry]

Great explanation, Sir. Thanks a million

.

[james02Perry]

Great explanation, Sir. Thanks a million.

[styleboy321]

thank you

[mjmurry]

You're my hero. You deserve a cape and a comic about your economy-related, good deeds.

[olz76]

oh thank god I have my IB final economics exam on thursday these are lifesavers. thanks from australia :D

[chichoos07]

thank you so much...i have an IB exam on this tomorrow... btw im a student in Greece...

[quepedoconeso]

Extraordinary! Congrats from México.

[TheTubeofmatt]

IVE NEVER SEEN THIS EXPLAINED IN SUCH AN EASY AND ACCESSIBLE WAY. NOW, THIS IS GOOD TEACHING. CONGRATS !!!!

[wagonet]

very good explanation. studying macro economics from vancouver bc. very clearly explained. thanks.

[tashahendrickson]

Wow...I've Covered A Number of Your Videos Tonight To Help Me With My Econ Exam Tomorrow...You Made It So Easy For Me....Thanks....I Am A Student In Trinidad But Is From The Island of St.Kitts and Nevis

[shilbe09]

i love these videos! they are helping me a great deal!! i just might pass this macroeconomics class!! lols :D

[shl90788]

As a British student at university may i extent my gratitude for allowing me an extra hour in bed every Tuesday. Theres simply no point in attending lectures, when you can accurately, and concisely, explain in 7 minutes what our lectures struggle to do in 50. Once again, thanks a bunch.

[irksomelogic]

Thanks so much for your great explanation. It helped me with my Geography class here in Canada! Oh and you totally predicted the Greece debt crisis!

[2059059]

Nicely done. U the guy thats gonna help me pass my exam tomorow :-)

[TheAnnaShowUk]

much better than my podcast, and you dont make me go to sleep unlike my actual teacher (sorry mr G)

[georgestreets9]

thankyou great help

[2scotland1]

Find it hard to understand how you can make this so simple. Nice work

[precise1987]

great video...helped me for my final exam.

[Jamgrl]

You are AWESOME!!!!...so needed this Thnx

[jayceejm]

Wonderful lecture....like all the others, just needed to thank you for your time and your efforts they are deeply appreciated. Here reading Introduction to Development Theory and all the jargon was driving me nuts til i found this.

[jayceejm]

Wonderful lecture....like all the others, just needed to thank you for your time and your efforts they are deeply appreciated. Here reading Introduction to Development Theory and all the jargon was driving me nuts til i found this.

[1988maple]

OH COOL!! I prefer watching youtube than reading my notes XD

[pinkginger1]

Thank you for explaining this topic so clearly. You have a knack for breaking down complex topics into something much more simple.

[ITDXB]

thanks helped me alot

[Ale19Basi85]

i'm not a student but i get it ! this guy is great

[SeanDevereux999]

Love you man xD You've helped me out allot, theres allot i dont understand in macroeconomics from my AS Class, you've cleaned some of it up :) ty

[bigtimeglupek]

nice, short, though well organized thought

I do like your explanations a lot

thank you

r.

[Faminoro]

This is a really clear explanation (contrary to our professor's).

Just for the future, could you elaborate more on the interrelation between the current and capital accounts? Over the internet, this issue is almost not discussed. A lecture in the manner of this one, explaining the capital account, would be very helpful :)

Thank you.

[ShuaibMsH]

The US has a trade deficit of nearly a trillion US$. How can a country maintain a lerge fiscal deficit and continue development? How will US sustain growth? US is the largest importer, reduction in imports from the US will affect the world economy. With a debt of over 550% of it's GDP. If current levels remain the world economy with the deficit of nearly a trillion, the US economy can crumble which will lead into a world economic collapse, am I right? How can this be prevented?

[jordanelka]

@ShuaibMsH I don't know.

[ShuaibMsH]

I understand this, but 'get the money from somewhere' doesn't that hurt the economy, if so, can it result in inflation? If yes, how can it be prevented? On the other hand, what if your surplus is too high, e.g. China. If an economy if dependant on exports, can it have a negative impact on the economy? Is the overall impact on an economy which has a surplus, positive?

[lazypig22]

u r good at teaching, i learnt something extra

[rayarurello]

very clear explanation :D

[yogistyle92]

ketauan deh belajarnya darimana...hahah..

[RememberSeptember]

Great explanation, this really helps to understand it, and also your previous videos have helped me. I think what makes a big difference is that there are no interruptions from other students and side-tracking questions.

[Psycholamis]

OMG! I have this for the exam tomorrow, and I finally get this lesson, THANK YOU SO MUCH! You should be our Economics teacher. :O

[459kate]

Thankyou! amazing teacher!

[haosmark]

What a great teacher you are.

[simbarashemthembo21]

You  freakin rock,!

[hotiscute]

that's really cool!

[passenger61]

I really appreciated your video. It really helps me to understand BOP...

THANK YOU VERY MUCH from Turkish :)

[jun0n84]

You Sir, are a great teacher!

[smalvillestar]

can i just say .. we appreciate what your doingg :) thank you for your timee.. this has been great help !

[murtaza246810]

wow maan !!

i just commented but i will again because i attempted 6 mcquestions on balance of payments and all were correct !!

THANX

[murtaza246810]

adds to the current account* ..

[murtaza246810]

I have my economics mcq As level exam in like 10 hours or so ..

and this has helped me greatly ..

THANK YOU !! =) ..

2 blandiloquence .. the financial account was formerley known as capital account .. it records the investment funds a country gets from foreidn residents ..

so it gives to the current account ..

[babypagey]

lol finally get it!... exam i like 3 hours haha

[sirmattbelios]

hope you nailed it!

[E3tiger]

I LOVE YOU

[pajholden]

very nice of you I'm sure - but we hardly know each other. Thanks all the same!

[nardeenhanna]

Et moi aussi :D:D

[h4r5h3191]

thank YOU!

[dudettemaz]

ohhh i FINALLY understand how the capital account balances out the current account!! thank you so much for the simple explanation! has really helped me out :)

[blandiloquence]

um, the capital account is now split into two separate accounts, isn't it? financial and capital?

[RachOo]

thankyou. i finally understand what the current account is lol :)

got this macro exam over a week. THANKS!

[alfadhel]

Thank you for the simple explanation

[danepowell]

you are a real help to students all over the world

[tisarific]

Thank you so much - I never understood this during class and somehow I got it now!!

[timmycook58]

Hi there, your videos are great btw. I was wondering if you could answer my question. What can we expect to happen to the UK economy if it consistently has a deficit?

[junaidahmed90]

Excellent Sir!

you are doing brilliant job seriously.Thank you!

[xmuneebx]

thank you

ur doing a great job helping kids =)

[mwah016]

thank u for this omg i finally get it. haha

this is soo usefull as well coz i can pause and rewind if i didnt understand or get it ryt away

[rubencitostyle]

Mr Holden - you are doing things for the greater good, and I must confess I like economics as explained by you. As another reader said, I truly envy your students, though I haven't seen you exams ;)

[lionki24]

Truely helpful !

You can be my professor in Master course in Economics.

[lionki24]

Truely helpful!! After all the videos,you clear up my queries in the Macro concept, I have more confidence to write my essay.

You can my professor for my master course in Economics !

May be you should approach the Open University to set up a course. HIGHGLY supported !

[wya88]

Thank you, Now I understand!

[ZaidhunteR]

Thank You very much!!!=D

[channigiovanni]

i envy your students, thank you!!

[frankinnes]

Thanks for the great videos as it has really helped me with my studies in economics! You should definitely keep doing videos on this subject as you explain it in an easy to understand format.

[scrumpymanjack]

Small point: your writing is illegible.

[eerehs]

thank you for this video!

please do go through on the budget too if possible, i often mix budget deficits with BOP deficits.

[whothefucktookwong]

great video. can you tell me what are net transfers or things like that. when ever they give me a list and ask me to find the CAD, i never know which ones are credits or debits.

thanks

[liam9090]

hey,these vids are really good,really helpful with my revision at the moment..bored of books and class notes!! you should do more!!

THE WHOLE SYLLABUS THE WHOLE SYLLABUS!!

[Poseidon143]

hell yea man!

Mr.Phill, you have cured my 3rd world A'level blues..

[notyangels]

thnx for the videosss!!

oh btw lol...u got a new board n new camera? lol jus wonderin..

[arvinisindauk]

any chance u could go over monetary policy?

thx 4 the vids