Supply Side Policies

[MrKryptz]

LOOL, ilearn more from you then my teacher, you are a walking legend keep doing economic videos, and could you try upload videos on minor things to, as i practically do economics at home

[rennappu]

Sir you are the greatest economics teacher i've ever known.

A very helpful video.

[sten40too1]

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

[ACE001994]

WOOOW that video helped me out so much. I wish you could be my private tutor :)

[N330AA]

Shirley tax cuts and regulation relaxation are the primary examples of SSE?

[N330AA]

@N330AA Oh you did actually mention these right at the end. :)

[clum720]

epic find if your studying economics for A level :) and @ivanjrt... no one wants to hear it, go find a video that suits you instead of being obnoxious on this one.

[RKTheMauritian]

Your videos are increasing the supply of potential economists.

[snavemailliw]

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

[gulbirk]

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.

[Conormcarey]

hero

[pajholden]

@pajholden thanks for the lovely comment. I have a worksheet on how exactly to write that 30 mark essay at the end of edexcel's unit 2. Would you like it? Send me your e-mail or find me on facebook. Best wishes,

Phil Holden

[33ella]

@pajholden I already have you added in Facebook .Please send me the worksheet :) thank you so much .

[33ella]

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 .

[hdance247]

i might actually pass my econ test tomorrow now haha. thanks for your help!

[xuenee88]

thanks!

[Xzariah]

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!!

[TheGTR58]

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 ;)

[JKT6]

Out of curiosity, are these for A level students, or just general economic enthusiasts?

(You're video's have really helped me with my A levels :D )

[harrywbfmv]

legend

[Marc16uk]

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

[AhaliS94]

My god, I am so glad I watched your video on this last night....I actually was able to right something about supply side policies for the exam :)

[jiminator14]

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

[noLEYmusic]

Person who disliked this did business studies..

[GreatBritishGal]

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

[DubGenre]

Your videos are great, thanks very much!

[azianchickle]

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!

[Ident1ty08]

8:15, *Hint Hint* Hahah!

[PCMarxist]

Brilliant ! Best One

[Kebab0210]

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

[stretchingmonsters]

yeahhh you rock

[ratchettie]

I have a question- You stated that subsidies could be used for supply side policies. However by having extra revenue, aren't these firms potentially increasing consumption ? And since C is a component of Aggregate Demand, wouldn't it shift the AD curve to the right? I see a subsidy as more of a demand side policy and not so much a supply side policy. Could you explain this to me plz? :) And I love your videos!! :)

[Galileo0601]

@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.

[ratchettie]

@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

[Galileo0601]

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

[ratchettie]

@Galileo0601

HL, on paper 1 I think I did... can't remember lol I remember for paper 2 I did 1;4;6. Can't really remember for PP1 though. TZ2 though. Dunno which TZ u have

[saraahxhc]

URE AMAZING :)!!!!!!!!!!!!!!!!!!!!!!!!!!!!­!!!!!

[MrJWDavies]

you are literally the greatest teacher of all time.

[garrethdavis]

thank you!

[Fanhole123]

my grandmother is called pajyma, you clearly copied her name. You may be good at economics but we held a conference and decided that you stole her name.

[pajholden]

@Fanhole123 She just copied the name of her favourite nightwear. Nothing in this world is original.

[AwahwahMusic]

@pajholden Well excuse me Pajy! I believe that you are original. Your teaching quality, your technique in teaching, your pen, your body, your eyes, your smile.....Love me!! O.O

[bigrock123]

@pajholden the invention of the light bulb was original, there was nothing like it before its first creation

[lukehiorns]

If I pass my A-level economics it's down to you, not my teacher. Thank you :)

[likewhoami]

Thankyou soo much, i have my macroeconomics exam in about two weeks and this really has helped :)

[westq2]

@likewhoami im the same position as you but i can only do multiple choice questions :(

[ivanjrt]

Very honest, hard working, pasionate man, but I disagree with most everything he says. His keynesian way of thinking sounds good to anyone who has studied in public schools. Of course, if you have studied other economic theories, you know better. It is still fun to see his videos, I love economics after all.

[pajholden]

@ivanjrt Thank you, though for your information I went to an average comprehensive school in South London. Not a fee paying school. I was sufficiently average to qualify for a grant from the local authority to get me through university (Lancaster then Bath for my postgrad). Of course I have studied other economic theories. I don't advocate any one theory, as you would notice if you had watched - not just 'seen' my videos.

[ivanjrt]

You seem unbiased to most people but in my prespective, you are somwhat biased toward Keynesian ideas. Example; decreasing minimum wage as a supply side policy, you didn't take possition on this issue but you stated that some would say this is an unfair wage for low skill workers and you didn't mention any free market apporach arguments regarding wage theory. What I'm trying to say is you do bring up different arguments but not much of the Austrian theory. What theory do you personaly adhere to?

[pajholden]

@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.

[madcowhunter]

@pajholden What about workers whose work is worth less than minimum wage? Is it better for them stay on welfare or work on black market?

[CitizenNumber]

@ivanjrt Your are more than welcome to make your own video of the Austrian subjective views. BTW could you tell me what economy in the World uses Austrian theory today? Thx.

[Suleimen92]

@ivanjrt you are the biased and ignorant one for having made a generalization about students going to public schools. surely enough, you are a rich kid going to a private school, then what do you know about public school students? by the way, i accidentally pressed "thumbs up", so hopefully, you won't get too cocky.

[Scientisticsoviet]

Question on subsidies: In a situation of underdeveloped capital markets, or capital scarcity, does then this supply side policy become more warranted (in terms of pushing the lras curve to the right)?

[mcomerford4]

gooooood work again

[methadon2000]

I.LOVE.YOU! My macroeconomics teacher was terrible at explaining this to my class, thnak you for making this video!!!!

[KernowTimify]

Such a massive help!



[waveboi93]

THE RETURN OF THE PAJ!

[ADWN93]

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

[ohhellomynameislydia]

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

[pajholden]

@ohhellomynameislydia yyyeeeeiiiiiiiiiiiiiiiiaaaahhh­hhhhhhhh!!!!!!!!!

[hemant1993]

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

[GreatBritishGal]

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

[bigrock123]

@GreatBritishGal good luck, i have it tomorow as well!

[cheyaura]

Can't wait to argue this one out with my pops (he's a union official), great stuff thank you!

[arjie777]

AWESOME!!! this is gonna help me for my Eco IB exams 2 weeks later.. but i have a real big problem..I always have trouble in writing evaluation answers and my teacher says that i have only "subject knowledge".. any suggestions?? Thanks soo much for your videos! :D

[HaloMasterApollo]

This is just in time for a HUGE project I'm starting in my IB HL Economics class. You sir, are amazing.

[waraxe101]

i love this man.

[lantis123]

It's exactly what the lecturer is going through in school now. Thanks man. ;)

[may05z]

just in time for in economics exam revisions

[ratchettie]

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

[wduwtn]

As always, excellent. 

[pajholden]

@wduwtn thank you - very kind of you!

[3ernest]

@pajholden beast

[3ernest]

@pajholden beast!

[coolslaya]

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

[Lukawa345]

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

[sophiemarissa]

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?

[dodoboy1212]

THANKS! i have a economics exam next week!!