This video discusses the concept of market competition and how it affects outcomes like prices, efficiency, and outputs. The video then introduces two important forms of market competition: perfect competition and monopoly. The speaker...

The video explains the concept of the Phillips Curve and its relationship to managing economies from a demand side perspective. The video explains the history of the Phillips Curve, which was established in 1958 by AW Phillips, and how...

Administration of medical care is a huge driver of costs in the United States' healthcare system. Running hospitals, generating bills, and collecting payment are just a few of the activities that take up health providers' time, and run...

In this video, the presenter discusses the kinked demand model, which is a way of analyzing the impact of interdependence within oligopolies. They explain the assumptions and structure of the model, as well as how to construct it...

This video discusses price controls and explains the two main types of price restrictions, minimum prices and maximum prices, and illustrates their impact on the market using diagrams. Examples of price controls in different sectors,...

This video provides an introduction to the concept of monopoly in economics. It outlines the strict definition of monopoly and explains the spectrum of market structures, ranging from competitive to non-competitive. The video also...

This is a lecture video discussing how competition laws affect businesses' performance levels. The video explains what competition laws are and how they promote or seek to maintain market competition by regulating anti-competitive...

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.

This week on Blockchain Central we will dive into the world of day trading crypto! Find out what are the main mechanisms of the market, how can you profit form selling and buying cryptocurrencies and see what are the downsides of this...

People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of...

Up to 25% of health spending in the US is wasteful. Where is that money being lost? What can we do about it?

In this video, the speaker explains the ways in which technology has influenced and continues to influence businesses. They cover the evolution of technology over recent decades, including the impact of the internet, PCs, smartphones,...

American healthcare spending is still WAY higher than pretty much all other industrialized countries. But not that long ago, things were different. The US didn't spend nearly as much in this realm. What changed? Demographics? More...

This week on Blockchain Central: we'll see what's been going on with the Crypto market lately, analyze why it's been dipping and show you a few potential reasons for that recent slump. __ 'Blockchain Central' is your #1 trusted source...

This is videos has 11 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link...

Mr. Clifford's 60 second explanation of disequilibrium, surplus, and shortage.

There are many, many factors that contribute to high drug prices. Regulating them is complicated. It turns out, expensive drugs are often expensive because they're hard to replicate. We try to shed some light on the situation.

This is videos has 7 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics.

The video discusses the concept of price discrimination and how it is used by firms to charge different prices to different segments of the market. It provides examples of price discrimination, such as different ticket prices for adults...

In this video I explain of how to calculate CPI for different base years. Make sure to try it on your own in the bonus round.

Piero Sraffa's classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical...

This video explains the function of the price mechanism in ensuring equilibrium in markets. The video describes the three main functions of prices; incentive function, rationing function, and signaling function.

This video is a lecture on the second element of the marketing mix, which is price. The speaker explains how businesses go about setting the right pricing strategy for their product or service offering. They discuss factors that...

A great music video from students in the middle east.