Jacob Clifford
Intro- Imperfect Competition
Before you delve into a series of videos on microeconomics and imperfect competition, watch this video to get a general overview of the unit's key points, such as how demand in a monopoly is identified on a graph, oligopolies, and...
Crash Course
Revenue, Profits, and Price
Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...
Jacob Clifford
Oligopolies and Game Theory
Challenge your young economists with a problem on oligopolies and game theory in which they determine two sample firms' dominant strategies and options for maintaining and lowering prices.
Jacob Clifford
Price Discriminating Monopoly (First Degree)
In a perfectly price discriminating monopoly, why does demand equal marginal revenue?
Jacob Clifford
Intro: Basic Economic Concepts
Before delving into the bank of instructional videos that this economics instructor has to offer, check out an introductory video in which he offers a quick overview of the topics he will be covering in the particular unit.
Jacob Clifford
Intro - Resource Markets
What happens in a market when the people who are demanding are not consumers, but businesses? Here is a brief video in which an economics instructor introduces his unit on the resource market, explaining how individuals supply resources...
Crash Course
Intro to Economics
There's an opportunity cost to everything you do, but it's minimal when you're learning about an applicable topic like economics. Join the Crash Course team as they introduce a 35-part video series on economics and briefly address some...
Crash Course
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh
Businesses really do care about your happiness and satisfaction—as long it's higher than their marginal cost. Discover how relative scarcity, marginal utility, and the subjective tastes of consumers determine the price a business places...
PBS
All-Female Enterprise
Watch as a group of Palestinian widows who found themselves in a desperate situation with little education and few resources turn their lives around by creating an all female cooperative business enterprise.
Jacob Clifford
Graphing Perfect Competition Practice
This video will guide your young economists through a practice of graphing perfect competition by prompting them to identify the errors in several graphs attempting to illustrate a perfectly competitive firm making a profit.
Jacob Clifford
Law of Diminishing Marginal Returns
Before delving into the concept of cost curves in your class, discuss the relationship between inputs and outputs and the law of diminishing marginal returns. Here, an instructor uses data and graphs representing friends mowing lawns as...
Jacob Clifford
MR = MC Practice
Given quantity, total cost, and a perfectly competitive firm, how much should an organization produce and what will be the profit? Watch as the concept of profit maximization is broken down and explained with real-time illustrations and...
Jacob Clifford
Cost Curves MC, ATC, AVC, and AFC
What is the concept of a cost curve, and how are they used? Watch as this instructor demonstrates and explains marginal cost curve, average total cost, average variable cost, and average fixed cost.
Jacob Clifford
Monopoly Graph Review
How do you draw a graph representing a monopoly? Watch a great economics instructor explain the process step-by-step as he includes the primary components of demand, marginal revenue, marginal cost, quantity, and price of a firm.
Jacob Clifford
Ultimate Monopoly Review
From price and quantity to socially optimal prices and maximizing total revenue, see the needs for a monopoly charted on a graph.
Jacob Clifford
Monopoly Dead Weight Loss Review
Young economists study the graph of monopoly depicting dead weight loss and inefficiency in comparison to a graph of a perfectly competitive market.
Jacob Clifford
Socially Optimal and Fair Return for Monopolies
How do you regulate a monopoly, and how would this be depicted on a graph? Watch a savvy economics instructor answer this question by offering detailed explanations and drawing a graph in real time.
Jacob Clifford
The Phillips Curve
How does the Phillips Curve illustrate the three different places the economy can be in? Follow along with Mr. Clifford as he explains the ins and outs of this graph, including what marks a recession and inflation, and how the curve can...
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