ACDC Leadership
Micro 6.3 Negative Externalities: Econ Concepts in 60 Seconds-Externality
Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal...
Institute for New Economic Thinking
Embracing the Dynamic Economy
In part 5 of INET's interview with Amar Bhidé, he discusses the idea that financial institutions and regulatory bodies should be built to embrace the unpredictability of the real economy, rather than always trying to simplify things
ACDC Leadership
2006 FRQ #2- Profit Maximizing with Perfect Competition
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Institute for New Economic Thinking
Fallacies of Finance
In part 1 of INET's interview with Amar Bhidé, he talks about how theories of finance should start questioning assumptions -- like that risks are always reducible to numbers
Institute for New Economic Thinking
Ha-Joon Chang: Economics Upside Down
In INET's full interview with Ha-Joon Chang, he discusses some ideas that seem contrary to traditional thinking in economics, such as free trade does not necessarily make countries richer, and that there is no such thing as a free market.
ACDC Leadership
The Money Market (1 of 2)- Macro Topic 4.5
In this video I explain the money market graph with the the demand and supply of money. The graph is used to show the idea of monetary policy and how changing the money supply effects interest rates. Thanks for watching.
Institute for New Economic Thinking
The Coming Overhaul of Theories in Finance and Macroeconomics
Martin Wolf of the Financial Times points out the two sub-fields of academic economics that are due to be completely overhauled in the aftermath of the global crisis.
ACDC Leadership
Economic Systems: Why is Communist China doing so well? Micro Topic 1.2
My thoughts and reflections after visiting Xiamen, China in March 2014. Please note that this is not designed to be a comprehensive overview of the Chinese economic system. Many important facts were omitted. Most of the communist...
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. Good luck.
ACDC Leadership
Why YOU should learn economics!
Why should you learn economics? Put simply, it's becasue it will make you a better decision maker and help you see the "unseen". Economics is the study how we deal with scarcity so we can use our resources as efficiently as possible. So...
Institute for New Economic Thinking
Judy Klein -- The Rules of War and the Development of Economic Ideas
Sometimes navigating through the field of economics can feel like dodging bullets in a metaphorical war. But to INET grantee Judy Klein, a professor at Mary Baldwin College, this is no metaphor. Rather, Klein believes that understanding...
ACDC Leadership
Balance of Payments (BOP) Accounts- Macro 6.1
In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching.
Institute for New Economic Thinking
How do we move beyond the “austerity” debates?
And how do they relate to our democratic institutions and institutional social relations? We debate these topics with Italian author Thomas Fazi, focusing on Europe but searching for answers to the most divisive economic debates of our...
ACDC Leadership
Macro Unit 3, Question 13: The Phillips Curve
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
ACDC Leadership
The Ultimate Review Packet- Economics
I'm now offering a new resource that is going to replace my apps and study guides called the Ultimate Review Packet. It's designed for AP and college level macroeconomics and microeconomics and has everything you need to rock the course...
ACDC Leadership
Long-Run Aggregate Supply, Recession, and Inflation- Macro Topic 3.4 and 3.5
In this video I explain the most important graph in your macroeconomics class. The aggregate demand and supply model. Make sure that you understand the idea of the long run aggregate supply and how to draw a recessionary gap and...
ACDC Leadership
Macro Unit 4, Question 15- Crowding Out
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
Institute for New Economic Thinking
Ken Rogoff - Debts, Deficits and Global Financial Stability
The Inaugural Conference @ King's, Institute for New Economic Thinking, Opening Session. Where are we now? Debts, Deficits and Global Financial Stability
ACDC Leadership
Perfect Competition in the Short Run- Microeconomics Topic 3.7 (1 of 2)
In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching.
Institute for New Economic Thinking
Europe Will Find A Way Forward with the Euro
UC Berkeley’s Barry Eichengreen continues to hold the view that the breakup of the Euro will be too difficult and costly for member countries. He argues that using RMB internationalization to speed up domestic reforms in China is a...
ACDC Leadership
Macro 3.2- Inflationary and Recessionary Gaps with Fiscal and Monetary Policy AP Macro
Mr. Clifford's explanation of inflationary and recessionary gaps. Be sure to watch the bonus round which includes an overview of fiscal and monetary policy. Please keep in mind that these video lessons are not designed to teach you the...
ACDC Leadership
2011 FRQ #1- Monopoly Graph
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Macro Unit 4, Question 6- Money Multiplier
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.