Jacob Clifford
Business Cycle Unit Summary
Experience the ebb and flow of the economy with a video reviewing the fundamental concepts of the business cycle. Here you'll find an explanation of how unemployment, GDP growth, and inflation are all present in a basic graph of the...
Jacob Clifford
Intro: Measuring the Economy
Our motivation to understand and measure the economy is a relatively new, yet also incredibly vital, endeavor. Quickly review the importance of macroeconomics and the major topics it entails, including GDP, CPI, the business cycle, and...
Jacob Clifford
Excise Tax Practice
How do consumers and producers both pay part of an excise tax, and how does the tax shift prices and quantity? This economics teacher demonstrates how to use a graph in order to answer these questions, as well as how to calculate tax per...
Jacob Clifford
Total Revenue Test and Elasticity Review
When prices go up in an elastic demand curve, what happens to total revenue? Your young economists will learn about this concept as they watch an engaging and informative speaker illustrate what happens through drawing different...
Jacob Clifford
Utility Maximization
How do producers maximize the benefit, or utility, of their products? This economics instructor attempts to answer that question in less than 60 seconds using avocados, mangos, and numbers as his tools.
Jacob Clifford
Consumer and Producer Surplus
What are the implications when consumers are willing to pay more for something than what they actually end up paying? Similarly, what happens when producers sell for more than they expect? Here is a video where an economics...
Jacob Clifford
Tariffs and Quotas
Crunch some numbers and gain a more comprehensive understanding of the concept of net gain after international trade, as well as how this affects domestic producers and consumers. Instructional content also includes a discussion of...
Jacob Clifford
Government Price Controls (Floors and Ceilings)
How do price ceilings result in shortages in the United States economy? Watch as an instructor uses graphs to illustrate this concept, as well as how price floors result in surpluses; all in less than 60 seconds!
Jacob Clifford
Supply and Demand
Here is a quick video in which a dynamic presenter illustrates the concept of shortage and surplus in 60 seconds!
Jacob Clifford
Intro - Supply and Demand
Here is the first video of a series on microeconomics in which the presenter summarizes what concepts he intends to cover. Use this to get an idea of the style of instruction, as well as to determine if the concepts covered, such as...
Federal Reserve Bank
The Fed - Helping Keep Banks Safe and Sound
What does an examiner look for when analyzing a bank's financial condition? In addition to learning about the 5-Cs for reviewing loans and CAMELS (capital, assets, management, earnings, liquidity, and sensitivity to risk), your learners...
Federal Reserve Bank
The Fed Is Protecting Your Money
A dollar bill, a check, a credit card, and... a cow? What exactly are the various forms of payment that exist today? Your learners will identify the three functions of money in this lesson plan. In addition, they will discover the...
Federal Reserve Bank
The Fed's Role in Making and Setting Monetary Policy: Part 2
How does the Federal Open Market Committee work to formulate the nation's monetary policy in the United States? As the second segment of a lesson on the role of the Fed in setting monetary policy, class members will learn about open...
Federal Reserve Bank
The Fed's Role in Making and Setting Monetary Policy: Part 1
How does inflation affect the economy, and how can effective monetary policy by the Federal Reserve help control inflation? With the Fisher equation and analysis of annual CPI rates during the 1970s and early 1980s, your...
Federal Reserve Bank
Is the Fed Public or Private?
The Federal Reserve System as a decentralized central bank can be a difficult concept for learners to grasp. Help them get a firm handle on this concept using this resource, in which class members work as a group to identify the...
ACDC Leadership
EconMovies 3: Monsters Inc (Production Possibilities Curve)
Delve into the production possibilities curve and capital goods through the lens of this engaging presenter and the story of Monsters Inc. The video clip uses plot points and scenes from the film in order to illustrate the concept of...
ouLearn
Rational Choice Theory
Consider why people are the most difficult factor to predict when running an economy. At what points do they diverge from predictable, rational choices? Pose this question to your class members using this 60-second animated video.
ouLearn
The Impossible Trinity
Governments work to maintain stable exchange rates, control interest rates, and let money freely flow in and out of the country. But can this happen all at once in countries when considering the international effects? Use this video to...
ouLearn
The Principle of Comparative Advantage
In the fourth episode of 60-second video clips on economics, you will review the principle of comparative advantage with your learners, explaining the benefits of international free trade as countries specialize and export their...
ouLearn
The Phillips Curve
How does employment affect wages and prices? Can this really all be explained by a simple curve? Here you will find a brief video clip that uses cartoon animations to explain the correlation between employment and inflation according to...
ouLearn
The Paradox of Thrift
When you have money in your pockets, is it better to save or spend? Weigh the benefits of saving money in banks versus spending money to create opportunities for employment with this brief animated video, which is part of a series of six...
ouLearn
The Invisible Hand
How did economist Adam Smith shock the world in 1776? By telling the world that the best way for a government to control an economy is to not control it, and to leave people to buy and sell freely. Use this brief video as a way to...
Crash Course
The 1960s in America
Discover the incredible change and volatility that was 1960s America with an engaging, informative video. It begins with an extensive overview of pivotal moments during the civil rights movement and the subsequent shift toward...
Crash Course
Columbus, de Gama, and Zheng He! 15th Century Mariners
Learners discover the Age of Exploration by comparing and contrasting the explorations of Zheng He, Christopher Columbus, and Vasco da Gama in this engaging history episode. The narrator discusses who may be considered the greatest...