ACDC Leadership
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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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
ACDC Leadership
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.
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Foreign Exchange Practice- Macro Topic 6.4 and 6.5
In this video I explain foreign exchange and how the value of currencies change. Remember that the trick is to remember that you supply your currency and the people in other countries demand your currency. Thanks for watching.
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Cost-Benefit Analysis- Micro Topic 1.5
Hey internet! This is Jacob Clifford. In this episode I explain explicit and implicit benefits and costs. I also define utility and explain the idea of cost-benefit analysis.
The answers to the practice questions are in the comments...
Professor Dave Explains
Scarcity, Trade-offs, and Cost/Benefit Analysis
A core concept we must discuss if we are to understand economics is scarcity. Our wants and needs are endless, but the things we want and need are necessarily finite in nature. Therefore, we can say that these things are scarce. They run...
Professor Dave Explains
Understanding Wealth Inequality
We've talked about public goods and externalities, and one negative externality associated with economic decisions is wealth inequality. A certain measure of wealth inequality is expected and desirable for any economy. But when this...
ACDC Leadership
Price Ceilings and Floors- Micro Topic 2.8
In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph...
ACDC Leadership
Macro 2017 FRQ #2- Money Market, Bond Prices, Open Market Operations
In this video I go over the Macro 2017 FRQ #2. It covers the money market graph, bond prices, and open market operations. Try the question on your own the watch the video to see how you did. Thanks for watching.
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7 Steps to ROCK your AP Econ Exam
Hey econ students. I made this video to help you get ready for you AP Econ Exams.
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Revenue, Costs, and Profit Activity-Marshmallow Towers
Marshmallow Towers is a fun activity to teach the costs of production, total revenue, and profit maximization. Student make towers out of marshmallows and toothpicks.
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The BIG Picture- AP Economics Overview
This videos uses the Circular Flow Model to explain the big picture ideas of AP microeconomics and macroeconomics.
ACDC Leadership
Macro FRQ Practice- 2017 #1- Phillips Curve, AD/AS, Forex
Hey econ student! How are you? Well, I made this video to help you practice and sharpen your skills. I go over the first FRQ in the 2017 Macro AP exam.
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Supply and Demand Practice
If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand,...
Primer
Simulating Supply and Demand
Build a simulated market from scratch and see supply and demand curves emerge.
ACDC Leadership
Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5
Hey econ students! This video is an overview of elasticity. Be sure to learn and practice these concepts before you watch (see links below). I made this video to compare and contrast the four types of elasticity (price elasticity of...
ACDC Leadership
Elasticity Practice- Supply and Demand
Thanks for watching! In this video I explain the total revenue test, elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Make sure to pause the video and try to answer the seven questions on your own.
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Cost-push Inflation and Demand-pull Inflation
In this video I explain hyperinflation and the difference between cost-push and demand-pull inflation.
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The Federal Reserve System- Quick Overview
A quick overview of the FED and monetary policy. Enjoy!
ACDC Leadership
The Economics of Halloween with Jacob Clifford
Economics is everywhere. To prove it, I made a short video covering a few econ concepts you see on Halloween.
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Markets: Consumer and Producer Surplus- Micro Topic 2.6
In this episode I talk about how competitive markets allocate resources and consumer and producer surplus. I also talk about inefficiency and deadweight loss. Make sure to practice calculating CS, PS, and DWL