You think you understand America's class warfare? Maybe not. Thoughts from the author of the most-read article in the history of the Harvard Business Review: "What So Many People Don't Get About the U.S. Working Class."<br/>

This is a video that explains the concept of production in economics. The video introduces the idea of taking inputs, engaging in a productive process and creating outputs. The video then categorizes the factors of production into four...

This video lecture provides an overview of the economic phenomenon of inflation, including the factors that influence individual pricing strategies and how changes in pricing throughout an economy can lead to inflation. The lecturer also...

NYU historian Professor Thomas Sugrue, addressing the Institute’s conference on race and economics, makes the case that in Detroit’s history scholars will find the story of many of America’s industrial cities.



Credits:...

In this video I explain the most important graph in your macroeconomics class. The aggregate demand and supply model. Make sure that you understand the idea of the long run aggregate supply and how to draw a recessionary gap and...

In this video, the teacher explains how to calculate the amount of claim to be launched with an insurance company for loss of stock due to a fire in a business. The teacher walks through the process of preparing a memorandum trading...

Hey econ students! In this video I expain how the economy can self-adjust in the long-run. Notice that the short-run aggregate supply is shifting when the economy self-adjusts. Also notice that the reason for the shift is a change in...

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

The video is about understanding costs in business. The presenter explains how sales revenue is calculated and how it incurs costs for a business. The different types of costs are discussed, including fixed costs, variable costs, and...

Concluding Remarks from Gudrun Johnsen of the University of Iceland at Finance & Society 2015<br/>

The video discusses labor-market imperfections and their effects on real-world people. It focuses on three main imperfections: minimum wages, trade unions, and wage discrimination. The video uses diagrams to explain non-binding and...

From 1965 to 1982 a macroeconomic event known as “The Great Inflation” cast a shadow on the post-World War Two Global Monetary System. During this time, inflation rose from a rate of 1% a year, to its peak in 1980, of almost 15%. Jobs...

Heiner Flassbeck, Director of the Division on Globalization and Development Strategies, United Nations Conference on Trade and Development (UNCTAD) at the panel entitled "Is Mercantilism Doomed to Fail? China, Germany, and Japan and the...

How do people get rich? Rather than having very high-paying jobs, wealth is more easily accumulated through ownership of assets. This is anything of value that can be converted into money. Of course we know about assets like houses and...

Shaikh’s path 3 Studies of Distribution through Econophysics

This video provides an explanation of the concepts of real wage and natural unemployment, with a focus on distinguishing between the two. The presenter uses graphs and definitions to illustrate the differences between these types of...

This video looks at the documents conceived in a period when the civil rights of women and Native Americans were in question, and slavery was driving a wedge between slaveholders and abolitionists. Educators from noted American...

MOT 1952: HOLLAND SPEAKS: Florida Senator Spessard Lindsey Holland sitting on couch talking about Democratic Party wins, working w/ Labor, government laws & policies. Ad libbing a bit on retirement.

Over the weekend Johnson defended his record on the food and fuel shortages, insisting that they were actually a good thing, pushing up wages (especially among the poorest groups). That seems like a bit of a difficult argument, so in...

M. V. Lee Badgett is a Williams Distinguished Scholar at the Williams Institute. She is also the director of the Center for Public Policy and Administration at the University of Massachusetts Amherst, as well as a professor of...

This video provides an overview of trade unions and their impact on the labor market. The presenter explains the objectives of trade unions, which include protecting workers' rights, improving their pay and working conditions, and...

This video discusses the link between economic growth and economic development and whether higher economic growth always leads to higher living standards over time. The presenter provides definitions for economic development and economic...

MOT 1935: HOME FROM WORK: Mrs. Perkins setting table in dining room, two male teen sons in shirt & tie reading, Fred Perkins entering kitchen, washing hands in hand sink, explaining to wife must pay NRA fine or go to jail, chooses to fight.

What happens when good ideas meet unintended consequences? The answer, perverse incentives. This is a quick list of some of the worst polices in modern times. They are not in any particular order and I obviously left out a bunch of other...