ACDC Leadership
Double Shifts- Supply and Demand
In this video I cover double shifts in demand and supply and the idea that the price or quantity can be indeterminate. I also give a little trick to help you out.
ACDC Leadership
Functions of Money- Macro Topic 4.3
A quick reminder of the fuctions of money: medium of exchange, store of value, and unit of account.
ACDC Leadership
Comparative Advantage: ACDC Econ
This is my 60 second explanation of comparative advantage and identifying who should specialize. 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...
ACDC Leadership
Money Growth and Inflation- Macro Topic 5.3
In this video I explain the difference between the money market and the loanable funds market and explain why one of them is labeled nominal interest rate and the other is labeled REAL interest rate. I also show how both graphs are...
ACDC Leadership
Money Supply Shifters (2 of 2)- Macro Topic 4.5
In this video I explain the three shifters of the money supply. Pay attention, you'll need this to learn monetary policy. Thanks for watching.
ACDC Leadership
Supply and Demand with International Trade- Micro Topic 2.9
In this video I explain how to show the effects tariffs and quotas on a supply and demand graph. The days I filmed this video were in "spirit week". One day was sports day (that's why I'm dressed like a coach) and the other day was...
ACDC Leadership
Why Socialism Analyzing Einstein's Essay
Here is Einstein's article in the Monthly review magazine. Why Socialism? by Albert Einstein This article was originally published in the first issue of Monthly Review (May 1949). It was subsequently published in May 1998 to commemorate...
ACDC Leadership
Micro Unit 5, Question 12: Monopsony
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
Bretton Woods, Past and Present: 4. The Teaching of Economics
The kind of economics taught in graduate schools was the main contributor to the current crisis, claims Anatole Kaletsky - a statement that begs the question: Has economics teaching changed in response to the current crisis? "The Kids"...
ACDC Leadership
Monetary Policy and the Fed- EconMovies #9: Despicable Me
EconMovies explain economic concepts through movies. In this episode, I use Despicable Me to explain monetary policy, interest rates, and the role of banks in the economy.
ACDC Leadership
Taxes on Producers- Micro Topic 2.8
I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
ACDC Leadership
Real Interest Rates and Capital Flows- Macro Topic 6.6
Congratulations on completing your macro class. Group hug! But before you leave, make sure that you understand how the key graphs relate to each other. In this video I explain three things: 1.how the business cycle, production...
ACDC Leadership
Nominal v. Real Interest Rates- Macro Topic 4.2
In this video I explain the difference between nominal and real interest rates. Be sure to be able to calculate them. Thanks for watching.
ACDC Leadership
Monetary Policy Graphs (1 of 2) - Macro 4.6
In this video I explain how to connect the supply and demand for money to aggregate demand and supply.
ACDC Leadership
Unit 1, Question 5- Law of Increasing Opportunity Cost
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Change in Demand vs Change in Quantity Demanded- Key Concept
A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in price. Price Doesn't shift the curve.
ACDC Leadership
Fiscal & Monetary Policy - Macro Topic 5.1
In this video I overview fiscal and monetary policy and how the economy adjust in the long run. Keep in mind that fiscal and monetary policy shift aggregate demand while waiting for the economy to adjust is a shift in aggregate supply....
ACDC Leadership
Comparative Advantage Practice
If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative...
ACDC Leadership
Aggregate Demand and Supply and LRAS; Macroeconomics
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...
ACDC Leadership
Classical and Keynesian Aggregate Supply- Macroeconomics
In this video I explain the three stages of the short run aggregate supply curve: Keynesian, Intermediate, and Classical.
ACDC Leadership
Diminishing Returns and the Production Function- Micro Topic 3.1
I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns
ACDC Leadership
Micro 2012 FRQ #3- Trade and Tariffs
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Quantity Theory of Money - Macro 2.5
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
ACDC Leadership
Macro Unit 2.6A- Nominal and Real GDP Advanced Placement Macroeconomics
In this video I explain the difference between nominal and real GDP. Don't forget that Real GDP is adjusted for inflation.