ACDC Leadership
Micro 2012 FRQ #3- Trade and Tariffs
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Monopoly Graph Review and Practice- Micro Topic 4.2
In this video I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching
ACDC Leadership
Price Discrimination- Micro Topic 4.3
In this video I explain how to draw a monopoly with first degree price discrimination. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph. Please keep in mind that these clips are not designed...
ACDC Leadership
Markets: Consumer and Producer Surplus- Micro Topic 2.6
In this episode I talk about how competitive markets allocate resources and consumer and producer surplus. I also talk about inefficiency and deadweight loss. Make sure to practice calculating CS, PS, and DWL
Jacob Clifford
Monopoly Dead Weight Loss Review
Young economists study the graph of monopoly depicting dead weight loss and inefficiency in comparison to a graph of a perfectly competitive market.
Jacob Clifford
Consumer and Producer Surplus
What are the implications when consumers are willing to pay more for something than what they actually end up paying? Similarly, what happens when producers sell for more than they expect? Here is a video where an economics...
Khan Academy
Khan Academy: Demand Curve as Marginal Benefit Curve
Thinking about a demand curve in terms of quantity driving price. [5:53]
Khan Academy
Khan Academy: Consumer and Producer Surplus: Total Consumer Surplus as Area
Look at consumer surplus as area between the demand curve and the market price. [5:46]
Khan Academy
Khan Academy: Price Discrimination: First Degree Price Discrimination
The video demonstrates first degree price discrimination using a graph with a fictional business. Learn how businesses try to optimize economic profit by charging different consumers different amounts. [6:00]
Khan Academy
Khan Academy: Changing Equilibria From Trade
Autarky describes a situation when countries are completely closed to trade. In this video [6:24], we explore what happens to the domestic price of a good, consumer surplus, and producer surplus, when an autarkic country opens to trade.
Khan Academy
Khan Academy: Example Breaking Down Tax Incidence
Tax incidence is a description of how the burden of a tax falls in a market. In this video, Sal Khan breaks down how to identify consumer surplus, producer surplus, tax revenue and tax incidence, and dead weight loss after a tax. [5:46]