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Macro Activity- The FEDexes Fix the the Economy
This is an awesome activity that will help you apply what you are learning in your macroeconomics class. Specifically, monetray policy and the role of the Federal Reserve.
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Aggregate Demand and Supply Practice
Happy Halloween! Thank you for watching this video and subscribing. Seriously, you rock! Be sure to pause the video and try the practice questions on your own. In this video I explain what you should watch out for when answering exam...
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Macro Unit 5 Intro- FOREX and International Trade
A quick overview of what you will cover in the fifth 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.
Economics Explained
Why Economists Never Agree on Anything?
An economy is a collection of production and consumption processes that are all working towards solving the central economic problem. The problem is that we only have access to a finite amount of resources, but the potential for human...
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Elasticity of Demand- Micro Topic 2.3
Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching.
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Liquidity Traps- Macroeconomics
Hey internet, this is Jacob Clifford. Thank you for watching my videos. So, what's so weird about the US economy today? Well, interest rates are extremely low, banks have extra money that they are not loaning out, and the massive...
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The Ultimatum Game- Are people rational?
This is a quick overview of The Ultimatum Game. It is a super fun activity and a great way to show that people don't just look at money when they make decisions.
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Keynesian Economics and Deficit Spending with Jacob Clifford
In this video I explain Keynesian economics, the idea of the multiplier effect, the broken window fallacy, and the tradeoffs of government spending to get out of a recession. Be sure to leave a comment and tell me what you think of John...
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How Banks Create Money - Macro Topic 4.4
Money doesn't grow on trees, but it does grow in banks. I explain how banks create money and how to use the money multiplier.
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Supply and Demand Tips- Macro and Micro
What's up. First, thanks for watching my videos. Your rock! Second, I made this video to help you see the big picture. I cover topics like the law of demand, the law of supply, equilibrium, disequilibrium, single-shifts, and...
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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.
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Macro Unit 3, Question 8: Inflationary Gap and the Long Run
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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Diminishing Marginal Returns- High School Version
This video covers the following topics: -Fixed resources -Variable resources -Specialization -The law of diminishing marginal returns -The three stages of returns
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Macro 4.1- Money Market and FED Tools (Monetary Policy)
Mr. Clifford explains the supply and demand for money and the three tools that the FED uses to adjust the money supply.
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Short-Run Aggregate Supply- Macro Topic 3.3
In this short video I explain aggregate supply and the shifter of AS like resource prices, technology, and productivity. Make sure to answer the questions. Thanks for watching.
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Macro Unit 1 Summary- Basic Concept and Demand/Supply
The Macro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...
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Maximizing Profit Practice- Micro Topic 3.5
In this video I explain how to identify the profit maximizing quantity and calculate total revenue and profit. MR=MC is the most important concept in microeconomics. Thanks for watching.
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Micro Unit 6, Question 12- Tax Incidence (Excise Tax)
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 1, Question 11- Terms of Trade
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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Aggregate Demand- Macro Topic 3.1
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 2.1- GDP and Economic Growth
In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product.
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Macro 2008 Form B FRQ #3- Real and Nominal GDP
In this video, the teacher explains the concepts of nominal GDP, inflation rate, real GDP, and the impact of wage increases and unexpected inflation on individuals.
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Micro Unit 5 Intro- Resource Markets
A quick overview of what you will cover in the fifth unit 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.