ACDC Leadership
The Kinked Demand Curve: Econ Concepts in 60 Seconds
My 60 second explanation of non-colluding oligopolies and the kinked demand curve model. Remember that if you raise your price your demand will be elastic and if you lower your price demand will be inelastic.
ACDC Leadership
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.
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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
2011 AP Econ Videos- I Want to be a Monopolist (Billionaire Parody)
Each year students at San Pasqual High School create music videos that include key concepts form AP microeconomics. The students choose their own groups and topics. They have one week and two weekends to create the video.
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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...
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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...
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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.
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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.
ACDC Leadership
International Trade- Micro Topic 2.9
Hey econ students. This video covers Micro Topic 2.9 and shows trade, tariffs, and quotas using supply and demand. Be sure to be able to draw and calculate consumer surplus, producer surplus, and deadweight loss. Remember that the...
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Government Intervention- Micro Topic 2.8
Hey Econ students! I'm back with new videos to help you learn and love economics. This video explores the effects of government intervention including: price ceilings, price floors, subsidies, and taxes. Make sure that you can draw these...
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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.
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2011 AP Econ Videos- Collude With Me
Here is an amazing video showing firms in an oligopoly and collusion.
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Short-Run Cost Curves (Part 3)- Micro Topic 3.2
In this video I explain why MC decreases and then increases and why the MC hits ATC at the minimum point of the ATC curve. Very exciting stuff!
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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
Marginal Product and Marginal Cost Review
In this video I explain the relationship between marginal product and marginal cost. The bonus round explains a numeric example that shows that MP and MC are mirror images of each other.
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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...