ACDC Leadership
Deadweight Loss- Key Graphs of Microeconomics
My explanation of deadweight loss (aka. efficiency loss). Watch the bonus round to see multiple examples of dead weight loss. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review...
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Monopoly Graph Practice- Microeconomics
Mr. Clifford's 60 second explanation of all the key concepts on a monopoly graph. Try pausing the video and seeing if you know how to show all the concepts on the graph.
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Micro Unit 1 Summary- Basic Economic Concepts
The Micro Unit 1 Summary video is designed to help you understand economics. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show...
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Micro Unit 3 Intro- Costs of Production and Perfect Competition
A quick overview of what you will cover in the third unit of Microeconomics. Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.
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Comparative Advantage: ACDC Econ
This is my 60 second explanation of comparative advantage and identifying who should specialize. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better...
Curated Video
Revenue and Profit in Microeconomics: Understanding the Concepts and Curves
The video provides an explanation of two important concepts, revenue and profit, in microeconomics. The video also explores the relationship between marginal revenue and price, and how they affect a business's profit margin....
ACDC Leadership
Microeconomics- Everything You Need to Know
In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...
Curated Video
Evaluating the Microeconomic Concept of Merit Goods
In this video, the presenter explains how merit goods are under-provided and under-consumed by the market and discusses the positive consumption externality that leads to market failure. The video then evaluates the size of the market...
Curated Video
Understanding Cost Curves in Microeconomics
In this video, the speaker explains the concept of cost curves and their importance in understanding the cost structure of a business. They begin by discussing how total cost can be divided into fixed and variable costs, and then move on...
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Law of Diminishing Marginal Returns (Old Version): Econ Concepts in 60 Seconds Microeconomics
In this video I explain production and the law of diminishing marginal returns. The bonus round shows the graph for total product and marginal product as well as the three stages of production.
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Monopoly Dead Weight Loss Review- AP Microeconomics
My 60 second explanation of how to identify the consumer and producer surplus on the monopoly graph. Notice that monopolies charge a higher price and produce a lower output than perfectly competitive markets. Since monopolies are...
ACDC Leadership
Micro 3.7 MR = MC Practice: Econ Concepts in 60 Seconds for Advanced Placement Microeconomics
Mr. Clifford's 60 second explanation of how to use the profit maximizing rule (MR = MC). Assume the firm is perfectly competitive and that the price is $20. Try pausing the video and identifying how much the firm should make and the...
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Monopoly Graph Review- Microeconomics
In this video I explain how to draw a monopoly making a profit. Remember to produce at MR = MC at charge a price up to the demand curve.
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Graphing Perfect Competition Practice- Microeconomics
My 60 second explanation of how to draw a perfect competitive firm making a profit. This is a great way to see if you really understand the graphs. Identify which one of the four graphs is drawn correctly. Be sure to identify what is...
ACDC Leadership
Free Response Practice: Cost Curves- Microeconomics Unit 3
Here is a practice FRQ from the 2005 AP Micro exam. Try it on your own and then go over the answers.
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Micro Unit 5 Intro- Resource Markets
A quick overview of what you will cover in the fifth unit of Microeconomics. Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.
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The BIG Picture- AP Economics Overview
This videos uses the Circular Flow Model to explain the big picture ideas of AP microeconomics and macroeconomics.
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Micro Unit 1, Question 10- Comparative Advantage
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
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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...
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Calculating the Spending Multiplier- Macroeconomics
In this video I explain how to calculate the spending multiplier. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.
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.
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...