Curated Video
The Three Functions of Prices in a Market Economy
The video discusses the role of prices in a market economy and how they serve three main functions: rationing goods, providing incentives to economic agents, and signaling the state of a market. It explains how the price mechanism works...
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Diagrammatic Analysis: Effects of Price Discrimination on Consumers and Producers
The video provides a detailed explanation of the effects of price discrimination using diagrams. The speaker explains the concept of first degree price discrimination or perfect price discrimination. The video also explains the concept...
ACDC Leadership
Micro Unit 2 Summary (Old Version)- Supply, Demand, and Consumer Choice
Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility...
Curated Video
Understanding Aggregate Demand Curve Shifts
This video is a lecture on the factors that instigate shifts in the aggregate demand curve of an economy. The presenter explains the components of aggregate demand and how changes in consumption, investment, government spending, and net...
ACDC Leadership
Micro Unit 3, Question 11- Perfect Competition
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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Elastic and Inelastic Demand for Monopolies- Micro Topic 4.1 (Part 2 of 2)
My 60ish second explanation of how to identify the elastic and inelastic range of the demand curve for a monopoly. When MR is positive the demand is elastic and when it is negative the demand is inelastic. If you don't remember the total...
Curated Video
Market Equilibrium and Disequilibrium: Understanding Supply and Demand
The video is a lecture on market equilibrium in economics. The speaker explains how to construct demand supply diagrams and defines market equilibrium as the state where demand equals supply, leading to a stable system. The speaker also...
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Evaluating Monopoly Markets: Productive, Allocative, and Dynamic Efficiency
This video is an educational tutorial about assessing the market structure of monopolies. It discusses three types of efficiency: productive efficiency, allocative efficiency, and dynamic efficiency. The concept of natural monopolies is...
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Diagrammatic Analysis of Perfect Competition in the Short Run and Long Run
The video discusses the market structure of perfect competition and how to diagrammatically analyze it. The concept of firms being price takers and selling homogeneous products with perfect information is explained. The video provides...
ACDC Leadership
Long-Run Self-Adjustment- Macro Topic 3.7
Hey econ students! In this video I expain how the economy can self-adjust in the long-run. Notice that the short-run aggregate supply is shifting when the economy self-adjusts. Also notice that the reason for the shift is a change in...
Curated Video
Diagrammatic Analysis of Monopolistic Markets
This video explains the concept of monopolistic competition and its representation via the use of cost revenue curves on a diagram. The presentation also analyzes how the outcomes of this market structure differ in both the short run and...
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Markets and Equilibrium: Understanding the Interaction between Supply and Demand
The video discusses the concept of markets and the interaction between demand and supply. It uses the example of a Ferrari to illustrate how buyers and sellers negotiate and come to an agreement on price. The video also includes diagrams...
ACDC Leadership
The Handshake Market: Supply & Demand Activity
Here is a great activity that helps students understand markets and price signals. In this activity half the class are buyers and the other half are sellers. The product they are selling is handshakes. There are four rounds and each last...
ACDC Leadership
Elasticity of Demand and Supply Coefficients- Micro Topic 2.4 and 2.5
In this video I explain elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to...
ACDC Leadership
Micro Unit 4 Intro- Imperfect Competition AP Economics
A quick overview of what you will cover in Unit 4 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.
ACDC Leadership
Demand and Supply Explained- Macro Topic 1.4 (Micro Topic 2.1)
Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a...
Curated Video
Introduction to Income Elasticity of Demand and Goods Classification
The video introduces the concept of income elasticity of demand and explains how economists analyze the changes in demand for a good based on changes in consumers' real incomes. It further discusses the two types of goods: normal goods...
ACDC Leadership
2010 FRQ #1- Perfect Competition Graphs
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Curated Video
Deriving the Demand Curve and Understanding the Law of Demand
This video explains the concept of demand and how the demand curve is derived in microeconomics. The video outlines the law of demand and how it relates to the downward sloping nature of the demand curve. The concept of marginal utility...
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Understanding Oligopoly Markets: Competition, Interdependence, and Collusion
The video discusses the concept of oligopoly within economics. The video provides examples of oligopoly markets in the UK such as supermarkets, banking, mobile phone networks, and energy. The video explains why firms in oligopolies do...
ACDC Leadership
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...
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Causes of Demand Curve Shifts
This video lecture explains what causes the demand curve to shift in economics. The speaker introduces key terms related to the demand curve and explains the concepts of substitute goods and complementary goods. They then outline five...
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Introduction to Cross Elasticity of Demand and Classification of Substitute and Complementary Goods
This video introduces the concept of cross elasticity of demand, which is the measure of how changes in the market for one product can have an impact on the market for a different product. The video explains how economists use cross...
ACDC Leadership
Micro Unit 4, Question 8: Price Discrimination + Funny Story
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.