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Macro and Micro Unit 1- Practice Questions #1
This is a 13 question practice quiz for Macroeconomics and Microeconomics Unit 1. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link next to each question to...
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Micro Unit 2, Question 5: Double Shifts in Supply and Demand
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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Macro 3.12- Economic Growth
Mr. Clifford explains how to show economic growth on the aggregate demand and supply model. LRAS shifts when there is a change in the quantity of resources, technology, or productivity.
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Graphing Practice- AD/AS and the Phillips Curve
In this video I explain how to show recession and inflation on four different models: AD and AS, Phillips Curve, PPC, and Business Cycle. Enjoy!
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Bank Balance Sheets Practice- Macro 4:13
In this video I explain what a bank balance sheet is and help you practice calculating the reserve ratio, the required reserves, the excess reserves, and the total change in the money supply. Remember that the total change in the money...
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Economic Growth and LRAS- Macro Topic 5.6
In this video I show how LRAS can shift causing economic growth. Keep in mind that a changing in consumption or government spending doesn't lead to more output in the long run if there is not an increase in capital. To permanently...
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Macro Unit 3- Practice Questions #1
Some practice question videos are reserved for students that support ACDC Econ and purchase Ultimate Review Packet. The complete version of this video (and a bunch other hidden videos) comes with the packet. By the way, YouTube ad...
Institute for New Economic Thinking
China’s Coming Debt Crisis?
The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers. Even though China’s most recent data has shown signs of stabilization (and the current turmoil in the...
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Micro Unit 2, Question 3- Shifting Supply
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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Aggregate Demand- Macro Topic 3.1 (Old Version)
In this video. I explain the most important graph in most introductory macroeconomics courses- the aggregate demand model. In this video I cover aggregate demand (AD), aggregate supply (AS), and the long run aggregate supply (LRAS). Make...
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Macro Unit 5, Question 6: Exchange Rate and Inflation
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
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Macro Unit 3, Question 20- Shifting LRAS and Economic Growth
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
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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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Mr. Clifford interviews Chairman Bernanke about why you should study economics?
Why should you study economics? Ben Bernanke and I sit down to talk about economic education, drawing graphs, the fact that he barely passed his first economics class, and what he thinks about students that decide not to take economics....
Institute for New Economic Thinking
James Galbraith - Inequality and Economic and Political Change: A Comparative Perspective
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 7: The Consequences of Inequality and Wealth Distribution
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Short-Run Cost Curves (Part 2)- Micro Topic 3.2
In this video I explain how to draw and analyze the cost curves. Most teacher sad professors focus on the per unit cost curves. That included marginal cost, average total cost, average variable costs, and the average fixed cost. Each...
Institute for New Economic Thinking
The Invisible Woman [Jayati Ghosh]
Economics has many flaws, yet few are as broadly oppressive as its illusions about gender.
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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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Macro Unit 3, Question 4: Price Level and Output
*Clarification* When I wrote of the board, I didn't clarify which country's imports decreased. IMPORTS fell for the major trading partner, so EXPORTS fell for the country we are analyzing. Aggregate demand falls.
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The Phillips Curve (Macro Review) - Macro Topic 5.2
In this video I explain the Phillips Curve and the relationship between inflation and unemploymnet. Remeber that there are two curves the long run curve and the short run curve. Thanks for watching.
KERA
Financial Simulation of Poverty
A workshop in North Texas aims to give people who have money the experience of what it’s like for people who live in poverty. Whether it's cashing a check, sending money to family, or trying to borrow money, people living in poverty have...
Institute for New Economic Thinking
John Kay: Consistency and Rigor (1/5)
In part one of this INET interview, John Kay suggests that consistency and rigor have become the requirements of modern economics. However, these requirements have forced economists to use only deductive reasoning to remain the pretense...
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Micro Unit 4, Question 9- Lump Sum vs. Per Unit
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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Macro 3.3- Long- Run Aggregate Supply
Mr. Clifford explains the Long Run Aggregate Supply Curve (LRAS) and the relationship between price level and output in the long run.