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Monopoly Graph Review and Practice- Micro Topic 4.2
In this video I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching
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The Money Multiplier and Reserve Requirement
In this video I explain the reserve requirement, the money multiplier, and how money is created. Try it on your own. Good luck!
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The Loanable Funds Market and Crowding Out- Macro Topic 4.7
Ok. In this one I draw and explain the graph for loanable funds and crowding out.
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Business Cycles and Fiscal Policy- EconMovies #5: Cars (Reupload)
In this episode of EconMovies, I use the movie Cars to introduce the idea of GDP, the business cycle, recession, and fiscal policy. Good luck studying economics. Kachow! :13 Micro v. Macro 1:27 GDP 1:47 Components of GDP 3:03 Business...
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The Four Main Economic Systems
We've talked about free market economies and command economies, but the truth of the matter is that nearly every country on Earth utilizes a mixed economy, which blends aspects of each of the aforementioned economy types. Whether talking...
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Automatic Stabilizers- Macro Topic 3.9
In this video I explain the basics of fiscal policy and the difference between non-discretionary and discretionary fiscal policy.
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Micro Unit 2, Question 11- Cross-Price Elasticity of 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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Micro Unit 6, Question 7- Negative Externality
Learn about the concept of negative externalities and how they lead to market failure. Using a graph, the teacher demonstrates the difference between the socially optimal quantity and the quantity produced in a free market. They also...
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Inflation and CPI Practice- Macro 2.8
Hey econ students! Thank you for watching my videos. I really appreciate it. In this video I quickly go over the difference between the inflation rate and the Consumer Price Index (CPI) and then give you several practice problems. Be...
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Economics Music Videos- Econ World (featuring the Little Mermaid)
This music video was written and created by Mr. Clifford. The singing was done by the very talented Gabi Cavassa from the class of 2012. It covers many of the key graphs of microeconomics. Don't forget to watch the very end. Enjoy!
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Marginal Analysis and Consumer Choice- Micro Topic 1.6
Hey students. This video is designed to help you calculate and apply marginal utility and marginal utility per dollar. Many teachers and professors ask questions that require you to determine the utility maximizing combination with two...
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Micro Unit 1, Question 10- Comparative Advantage
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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Monopolistic Competition- Short Run and Long Run- Micro 4.4
In this video I explain how to draw a firm in monopolistic competition. Notice, the firm will make zero economic profit in the long run since there are low barriers to entry. Make sure you know how the graph changes from the short run to...
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Micro Unit 6 Intro- Market Failures and the Government
A quick overview of what you will cover in the sixth 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.
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The Foreign Exchange Market- Macro 6.3
In this video I explain the market for foreign exchange and national currencies.
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Comparative Advantage Explained
Individuals and countries benefit from trade. Even though it isn't very realistic, simplified examples like this will help you understand the idea of comparative advantage. Make sure that you can calculate the per unit opportunity cost...
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Price Discrimination- Micro Topic 4.3
In this video I explain how to draw a monopoly with first degree price discrimination. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph. Please keep in mind that these clips are not designed...
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Floating and Fixed Exchange Rates- Macroeconomics
Float it or fix it? Mr. Clifford expalins the difference between floating and fixed exchange rates and how countries peg the value of their currency to another currency.
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Time Value of Money- Macroeconomics
Should you take $100 today or $200 in two years? Mr. Clifford expalins how to calculate the future value and the present value of money.
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Unemployment- Macro Topic 2.3
Hey econ students! I made this video to help you understand unemployment. Make sure you can calculate the unemployment rate and the labor force participation rate. Also, make sure you know the three types of unemployment and why full...
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Public Goods and Free Riders- Micro 6.1
"You didn't build that!" Mr. Clifford expalins the characteristics of public goods and the free rider problem
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Short-Run Costs (Part 1)- Micro Topic 3.2
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC.
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Micro Unit 3 Intro- Costs of Production and Perfect Competition
A quick overview of what you will cover in the third 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.