Institute for New Economic Thinking
To Save Capitalism, Make it Work for Average Folks
David Smick, the founder and president of Johnson Smick International and editor of The International Economy about his new book, The Great Equalizer: How Main Street Capitalism Can Create an Economy for Everyone. Smick argues that...
Institute for New Economic Thinking
Nicholas Wapshott: The Economics of Keynes (4/5)
Nicholas Wapshott suggests that modern economists would do well to remember the work of Keynes now, as they have strayed too far from the lessons of Keynes in pursuit of ever more refined modeling technique. In the same vein, modern...
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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...
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Macro Unit 2 Intro: Measuring the Economy
A quick overview of what you will cover in the second unit of Macroeconomics. 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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Micro Unit 4, Question 15: Game Theory + Puppies
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 10- Recessionary Gap and Classical Economists
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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American Government with Jacob Clifford (Hilarious)
I made this with my 4th period government class to encourage people to vote and remind everyone that American politics, like the classroom, will never be ideal. You have to make the best with what you have. Although we joking portray...
Institute for New Economic Thinking
Replacing Judgment With Models
In part 2 of INET's interview with Amar Bhidé, the subject is how large financial systems ignore the essential insights of human judgment when they defer to models
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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...
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Micro Unit 2- Practice Questions #2
This video has practice multiple choice questions for microeconomics Unit 2: Demand, Supply, and Consumer Choice. I cover concepts like elasticity, welfare economics, excise taxes, and marginal utility.
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Macro Unit 2.6B- GDP Deflator Practice AP Macroeconomics
The GDP deflator is a measure of inflation and is used to convert the nominal GDP into the real GDP. Try doing these three questions to practice using the GDP deflator. Thanks for watching.
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Macro Unit 2: Question 5: Nominal and Real GDP
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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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.
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Micro 2017 FRQ #1- Perfect Competition, Long-run, Supply, Demand, Price Ceiling
What's up?! Thank you for watching my videos. In this one I go over the first FRQ on the 2017 AP Microeconomics exam.
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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.
Institute for New Economic Thinking
Cecilia Nahon: Argentina vs the Vultures
During the 1990s, Argentina had been the poster child for Neoliberal policies—they adopted virtually the whole of the so-called “Washington Consensus” agenda lock-stock-and-barrel. They even adopted a currency board. And unlike Euroland...
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Fiscal Policy and the Multiplier Practice (1 of 2)- Macro Topic 3.8
Time to practice. In this video I explain how to use the spending multiplier to close a recessionary gap. This is an old video, but it's still good.
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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...
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Monetary Policy Graphs (2 of 2) - Macro 4.6
Here is the second video where I explain how the Fed uses monetary policy to adjust interests rates and shift aggregate demand. Enjoy.
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Pollution, the Government, and MSB=MSC- Microeconomics 6.2
Should we end pollution? Could we even if we wanted to? Mr. Clifford explains marginal social cost, externalities and the role of the government. Don't forget to watch the very end.
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Macroeconomics Unit 1 Intro: Basic Economic Concepts (AP Macro)
A quick overview of what you will cover in the first unit of Macroeconomics. 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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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.
Institute for New Economic Thinking
A Categorical Breakdown
In part 4 of INET's interview with Amar Bhidé, he says that faulty regulatory categorizations encourage poor evaluations of assets and a false sense of confidence