Curated Video
Understanding Economies of Scale
The video explains the concept of economies of scale in microeconomics. It describes how businesses can increase their production scale and reduce their unit costs over time by becoming more experienced in producing goods and services,...
ACDC Leadership
Are you faster than Clifford? Micro Edition
Can you draw the graphs of microeconomics faster than me? Also, share this video with your teacher and see if he or she can beat my best times. Here are my times: 15 seconds- Natural monopoly regulated at socially optimal 23 seconds-...
Curated Video
Causes of Supply Curve Shifts
This is a lecture on the causes of shifts in the supply curve in microeconomics. The lecturer then identifies the four main causes of supply shifts, including changes in the cost of production, introduction of new technology, factors...
Professor Dave Explains
Introduction to Personal Economics: The Purpose of Money
After discussing both microeconomics and macroeconomics at great length, it's time to look at personal economics. Here we discuss aspects of economics that are relevant for your daily life. Let's start with an obvious concept, money....
Curated Video
John Smithin: Forging Fresh Tools from the Past
Professor Smithin argues that new economic thinking is not only about new thinking but also about recovering past knowledge from past crises. He talks about the policy response from the 2008 crisis compared to the 1930s. Most crucially,...
ACDC Leadership
Macroeconomics- Everything You Need to Know
*Note* At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal...
TED-Ed
TED-Ed: Where does gold come from? - David Lunney
Did you know that gold is extraterrestrial? Instead of arising from our planet's rocky crust, it was actually cooked up in space and is present on Earth because of cataclysmic stellar explosions called supernovae. CERN Scientist David...
TED-Ed
TED-Ed: The famously difficult green-eyed logic puzzle - Alex Gendler
One hundred green-eyed logicians have been imprisoned on an island by a mad dictator. Their only hope for freedom lies in the answer to one famously difficult logic puzzle. Can you solve it? Alex Gendler walks us through this green-eyed...
TED-Ed
TED-Ed: What is a gift economy? - Alex Gendler
What if, this holiday season, instead of saying "thank you" to your aunt for her gift of a knitted sweater, the polite response expected from you was to show up at her house in a week with a better gift? Or to vote for her in the town...
TED-Ed
TED-ED: History through the eyes of the potato - Leo Bear-McGuinness
Baked or fried, boiled or roasted, as chips or fries; at some point in your life you've probably eaten a potato. But potatoes have played a much more significant role in our history than just that of the dietary staple we have come to...
TED-Ed
TED-Ed: How people rationalize fraud - Kelly Richmond Pope
If you ask people whether they think stealing is wrong, most of them would answer yes. And yet, in 2013, organizations all over the world lost an estimated total of $3.7 trillion to fraud. Kelly Richmond Pope explains how the fraud...
TED-Ed
TED-Ed: What causes economic bubbles? - Prateek Singh
During the 1600's, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a...
TED-Ed
TED-ED: The paradox of value - Akshita Agarwal
Imagine you're on a game show and you can choose between two prizes: a diamond - or a bottle of water. It's an easy choice _ the diamonds are more valuable. But if given the same choice when you were dehydrated in the desert, after...
Primer
Simulating Supply and Demand
Build a simulated market from scratch and see supply and demand curves emerge.
ACDC Leadership
Macro FRQ Practice- 2017 #1- Phillips Curve, AD/AS, Forex
Hey econ student! How are you? Well, I made this video to help you practice and sharpen your skills. I go over the first FRQ in the 2017 Macro AP exam.
ACDC Leadership
7 Steps to ROCK your AP Econ Exam
Hey econ students. I made this video to help you get ready for you AP Econ Exams.
Professor Dave Explains
Understanding Wealth Inequality
We've talked about public goods and externalities, and one negative externality associated with economic decisions is wealth inequality. A certain measure of wealth inequality is expected and desirable for any economy. But when this...
ACDC Leadership
Comparative Advantage Explained
Individuals and countries benefit from trade. Even though it isn't very realistic, simplified examples like this will help you understand the idea of comparative advantage. Make sure that you can calculate the per unit opportunity cost...
ACDC Leadership
Economies of Scale and Long-Run Costs- Micro Topic 3.3
In this video I explain the idea of what happens to output and costs in the long-run. I cover two similar but different ideas: increasing retruns to scale and economies of scale. The first one focuses on what happens to output and the...
ACDC Leadership
Micro Unit 6, Question 7- Negative Externality
Learn about the concept of negative externalities and how they lead to market failure. Using a graph, the teacher demonstrates the difference between the socially optimal quantity and the quantity produced in a free market. They also...
ACDC Leadership
Monopoly Graph Review and Practice- Micro Topic 4.2
In this video I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching
ACDC Leadership
Externalities- EconMovies #7: Anchorman
Hey econ students. This is Jacob Clifford. In this episode of EconMovies, I use Anchorman to explain marginal benefit, marginal cost, efficiency, and externalities.
ACDC Leadership
Government Intervention- Micro Topic 2.8
Hey Econ students! I'm back with new videos to help you learn and love economics. This video explores the effects of government intervention including: price ceilings, price floors, subsidies, and taxes. Make sure that you can draw these...
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