ACDC Leadership
Monopoly Graph Review- Microeconomics
In this video I explain how to draw a monopoly making a profit. Remember to produce at MR = MC at charge a price up to the demand curve.
ACDC Leadership
Free Response Practice: Cost Curves- Microeconomics Unit 3
Here is a practice FRQ from the 2005 AP Micro exam. Try it on your own and then go over the answers.
Curated Video
Understanding Labor Markets and Equilibrium Wage Rates
In this video, the presenter explains the fundamentals of labor markets and how economists study them. They discuss the downward sloping labor demand curve, and how higher wage rates cause firms to demand fewer workers. They also explain...
Curated Video
Understanding the Balance of Payments
The video provides an explanation of what the balance of payments is and its importance in measuring a country's trading performance on the world stage. The video breaks down the balance of payments into two main sub-accounts: the...
Curated Video
Understanding Shutdown Points for Profit Maximization in the Short and Long Run
This video provides an in-depth explanation of shutdown points in economics, specifically focusing on the difference between short and long run decision making processes. The narrator introduces various economic concepts, such as the...
Institute for New Economic Thinking
How Economics Became a Cult
Watch Steve Keen discuss how mainstream economics acts more like a cult than a science, how mathematics has been misused by the economic discipline, and how with the right tools a grad student can make a better economic model than a...
Bill Carmody
Transforming Legal Services: A Conversation with LegalZoom CEO John Suh
John Suh, CEO of LegalZoom, acknowledges that getting the legal aspects of your business right is a necessary evil. He shares his vision on how LegalZoom has maximized the efficiency and lowered the cost of having the right legal support...
ACDC Leadership
Macro Unit 4 Intro- Money and Monetary Policy (AP Macroeconomics)
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
PBS
Do You Really Want to Be Your Own Boss?
Being self-employed means wearing A LOT of hats. Some you'll like, some you might not!
ACDC Leadership
Macro Unit 2- Practice Questions #1
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...
ACDC Leadership
2010 FRQ #2- Resource Market and Firm
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Financial Times
Mental health and the gig economy
Workers appreciate the flexibility of the gig economy, but isolation, long hours and performance assessment by an algorithm are contributing to mental health problems.
Curated Video
Understanding Aggregate Demand and Its Expenditure Components
The video explains the concept of aggregate demand and its four expenditure components that make up the total expenditure for an economy's goods and services over time - consumption, investment, government spending, and net exports. The...
Curated Video
Calculating Price Elasticity of Supply
This video provides a comprehensive explanation of how to calculate the price elasticity of supply of a good using a simple three-step process. It explains the formula for calculating price elasticity of supply and what is meant by...
Institute for New Economic Thinking
Peter Victor: What’s the Difference Between Growth and Prosperity?
For the most part, economic policy makers continue to make the case that achieving growth should be the over-arching objective of the global economy. In this context, environmentalism often is seen as a cost, a trade-off that inhibits...
ACDC Leadership
Lump Sum and Per Unit: Econ Concepts in 60 Seconds
My 60 second explanation of the difference between lump sum and per unit subsidies. Remember, lump sum affects only fixed costs so MC won't shift. A per unit subsidy will affect MC and therefore output.
Curated Video
Understanding Long Run Average Cost Curves and Their Implications for Market Structure
The video discusses the long run average cost curves and their implications for the structure of the market. The video uses an example of a factory to demonstrate this concept and how the long run average cost curve is formed by the...
Curated Video
Understanding Transfer Earnings and Economic Rent in Labor Markets
This video is a tutorial on the topics of economic rent and transfer earnings in labor markets. It starts with defining these two terms and explaining their differences, using examples and diagrams to illustrate the concepts. The video...
Institute for New Economic Thinking
The Burden of Race Discrimination is Heaviest Where it Intersects with Gender
Professor Marlene Kim provided a riveting picture, via her personal family history of the exploitation of the Asian-American working-class in California. She challenged the invisibility of Asian-Americans in discussions of race in...
Institute for New Economic Thinking
Branko Milanovic - Global Income Inequality
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 7: The Consequences of Inequality and Wealth Distribution
Institute for New Economic Thinking
John Kay: People, Not Iron Ore: The Limits of Math in Economics (4/5)
In part four of this INET interview, John Kay suggests that economists need to broaden their skill set and reconnect with the humanities and other social sciences. While math is a useful tool, it is not the only language appropriate for...
ACDC Leadership
ExciseTax Practice- Supply and Demand
My 60 second explanation of how to draw and excise tax (a per unit taxes on producers). You calculate the tax revenue, spending by consumers and revenue to firms. The bonus round shows shows what happens to consumer's surplus and...
PBS
Can the Food Service Industry Survive Coronavirus?
Food service is one of the first and hardest hit sectors of our economy... how are small business owners coping?
ACDC Leadership
Macro 2009 FRQ #3- Money Multiplier
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.