ACDC Leadership
Macro Unit 4, Question 2- Bank Balance Sheet
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
Institute for New Economic Thinking
Economists Incentivize Conformity Over Quality
Economists tend to incentivize conformity over quality, but could pressure from outside groups change that? INET sits down with Carlo D’Ippoliti, Associate Professor of Economics at Sapienza University of Rome, to talk about pluralism in...
ACDC Leadership
Micro 2.2 Supply and Demand (Economics)
Mr. Clifford's 60 second explanation of disequilibrium, surplus, and shortage.
ACDC Leadership
Micro 5.4 Resource Market, MRP and MRC: Econ Concepts in 60 Seconds- Factor Market
Mr. Clifford's 60 second explanation of how to calculate Marginal Revenue Product (MRP) and Marginal Resource Cost (MRC). Remember that you hire workers where MRP = MRC to maximize profit.
ACDC Leadership
Micro 3.5 Perfect Competition in the Short Run: Econ Concepts in 60 Seconds Advanced Placement
Mr. Clifford's 60 second explanation of perfect competition in the short run with a firm making profit. The firm is a price taker and price is set by the market at $10. Don't forget to pause during the bonus round and calculate TR, TC,...
ACDC Leadership
Micro Unit 1- Practice Questions #2
This is a practice quiz for Microeconomics Unit 1. The questions are designed for AP and college introductory economics.
ACDC Leadership
Macro 2012 FRQ #1: PPC, OMO, Money Market, and Balance of Payments
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
Curated Video
Understanding the Differences Between LRAS and Keynesian Aggregate Supply Curve
The video discusses the differences between the classical long-run aggregate supply curve (LRAS) and the Keynesian aggregate supply curve, with a focus on their shapes and shifts based on changes in factors of production.
Curated Video
Dueling Economies That Fueled the Civil War
Which economy was best for the country's future? The industrial economy of the North? Or the plantation system of the South? The stage was set for a financial fracas that would lead to the deadliest war in US history.
ACDC Leadership
Micro Unit 5, Question 8- Hiring Workers
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Fiscal Policy and the Tax Multiplier Practice (2 of 2)- Macro Topic 3.8
In this video I explain how changes in taxation are different than changes in government spending. Keep in mind that tax cuts have less of an effect on AD than increasing spending since people save a portion of a tax cut. Thanks for...
Institute for New Economic Thinking
Wade Hands - Paul Samuelson and the Neoclassical Synthesis
Paul Samuelson was both a mathematical micro-economist, working from theorem to proof in the neoclassical tradition, and a committed Keynesian macroeconomist, convinced of the necessity of policy intervention to improve the performance...
Curated Video
Monopsony Labor Markets: Effects and Interventions
The video discusses the concept of a monopsony, which occurs when there is only one buyer in a market, such as the government in the public sector. The video explains the differences between the outcomes of a monopsony labor market and a...
Curated Video
Introduction to Commercial Banks and their Functions
The video provides an overview of commercial banks, their main functions and how they operate in the financial sector and wider economy. It discusses the difference between commercial banks and investment banks, their core objectives and...
Curated Video
Remembering the Civil War
No two Americans had the same experience of the Civil War – and everyone remembers it differently. Through the stories they told – and the artifacts that survived – various narratives emerged!
Institute for New Economic Thinking
Race Has a Regional Dimension in America’s Political Economy
Stanford economic historian Professor Gavin Wright, addressing the Institute’s conference on the economics of race, argues that the conditions facing the children of the great migration from the South are very different to the conditions...
Bill Carmody
The Importance of Emotional Connection and Logical Reasons to Buy in Marketing
In this video, Bill Carmody emphasizes the importance of connecting with your audience on an emotional level before providing logical reasons to buy. He explains that while people often make purchasing decisions based on emotion, they...
Curated Video
Specialization and Division of Labor: Improving Productivity and Potential Problems
This video discusses the concept of specialization and division of labor in economic theory. It starts by giving an example of a rudimentary village where individuals have to produce all their own goods and services, and then explains...
Curated Video
Deriving the Aggregate Demand Curve for Any Economy
This video is a lecture presentation that explains how to derive the AD (aggregate demand) curve for any economy. The presenter discusses the four main components of aggregate demand for any economy, namely consumption, investment,...
Institute for New Economic Thinking
Michael D. Goldberg - Efficient Markets: Fictions and Reality
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 2: Has the Efficient Market Hypothesis Led to the Crisis? Collapsed with The Crisis?
Institute for New Economic Thinking
Talking Digital Platforms with the Pokemon Go Master
With the power of modern computing being harnessed into increasingly small and portable devices, what do digital platforms mean for the entrenched global economy? As technology catches up with our theories of information in the...
Institute for New Economic Thinking
George Soros: Why We Need To Rethink Economics
In this short interview, Institute for New Economic Thinking co-founder George Soros tackles the question at the heart of the Institute's mission: What's wrong with economics and what can we do to change it?"Economic theory needs to be...
ACDC Leadership
Macro Unit 2- Practice Questions #2
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.
ACDC Leadership
Limitations of GDP- Macro Topic 2.2
Hey, thanks for watching. In this episode I explain the limitations of GDP and why it's not the best way to measure standard of living. I talk about GDP per capita, income inequality, the environment, and the shadow economy. Just to...