Crash Course
Revenue, Profits, and Price: Crash Course Economics
How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need...
ACDC Leadership
Perfect Competition Short Run (1 of 2)- Old Version
In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit.
ACDC Leadership
MICROeconomics 19 Minute Review
In this video I reviews all of MICROeconomics in 19 minutes. (Note- I used the same intro from the macro video since Unit 1 is the same, but this definitely covers MICRO).
ACDC Leadership
Are you faster than Clifford? Micro Edition
Can you draw the graphs of microeconomics faster than me? Also, share this video with your teacher and see if he or she can beat my best times. Here are my times: 15 seconds- Natural monopoly regulated at socially optimal 23 seconds-...
Curated Video
Understanding and Analyzing Monopsony Power in the Labor Market
This video is a lecture on the topic of monopsony power in the labor market. The speaker explains the concept of monopsony and how it impacts the labor market for both workers and employers. The speaker also compares a perfectly...
ACDC Leadership
Microeconomics- Everything You Need to Know
In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...
Curated Video
Revenue and its Forms: Marginal, Average, and Total Revenue in Economics
The video explains the topic of revenue in economics and specifically focuses on three forms of revenue: marginal revenue, average revenue, and total revenue. The video provides a definition of revenue and demonstrates how to calculate...
ACDC Leadership
Micro 5.3 Comparing Product and Resource Markets: Econ Concepts in 60 Seconds- Review
Mr. Clifford's 60 second explanation of the differences between a perfectly competitive product market and a perfectly competitive resource market. Notice that the firms both have a horizontal curve but in the product market it is demand...
ACDC Leadership
Review Activity- What's Wrong with this Picture?
This activity is designed to help you master the key graphs of macroeconomics or microeconomics. If you can spot what’s wrong with each graph you will be less likely to make those mistakes. The handout for the activity is free and is...
ACDC Leadership
Micro Unit 4, Question 3- Monopoly, Elastic Range
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- 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.
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...
ACDC Leadership
Intro to Imperfect Competition- Micro Topic 4.1 (Part 1 of 2)
This is my 60ish second explanation why the MR curve is less than the demand for all imperfectly competitive firms (except for price discriminating monopolies). Keep in mind that a monopoly must lower the price of all units to sell more...
Curated Video
Diagrammatic Analysis: Effects of Price Discrimination on Consumers and Producers
The video provides a detailed explanation of the effects of price discrimination using diagrams. The speaker explains the concept of first degree price discrimination or perfect price discrimination. The video also explains the concept...
ACDC Leadership
Micro 3.7 MR = MC Practice: Econ Concepts in 60 Seconds for Advanced Placement Microeconomics
Mr. Clifford's 60 second explanation of how to use the profit maximizing rule (MR = MC). Assume the firm is perfectly competitive and that the price is $20. Try pausing the video and identifying how much the firm should make and the...
Curated Video
Profit and its Maximization in Economics
The video provides an introduction on the concept of profit and distinguishes between accounting profit and economic profit. It explains how businesses generate revenue from producing goods and services and how they calculate their...
ACDC Leadership
2006 FRQ #2- Profit Maximizing with Perfect Competition
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Elastic and Inelastic Demand for Monopolies- Micro Topic 4.1 (Part 2 of 2)
My 60ish second explanation of how to identify the elastic and inelastic range of the demand curve for a monopoly. When MR is positive the demand is elastic and when it is negative the demand is inelastic. If you don't remember the total...
Curated Video
Objectives of Firms: Maximizing Profits and Beyond
The video discusses the various objectives that firms may have, starting with the traditional assumption that firms aim to maximize profits, but also exploring other objectives such as increasing market share, maximizing revenue,...
ACDC Leadership
Perfect Competition in the Short Run- Microeconomics Topic 3.7 (1 of 2)
In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching.
ACDC Leadership
2011 FRQ #1- Monopoly Graph
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Micro 2017 FRQ #1- Perfect Competition, Long-run, Supply, Demand, Price Ceiling
What's up?! Thank you for watching my videos. In this one I go over the first FRQ on the 2017 AP Microeconomics exam.
Curated Video
Revenue and Profit in Microeconomics: Understanding the Concepts and Curves
The video provides an explanation of two important concepts, revenue and profit, in microeconomics. The video also explores the relationship between marginal revenue and price, and how they affect a business's profit margin....
ACDC Leadership
Micro Unit 4 Intro- Imperfect Competition AP Economics
A quick overview of what you will cover in Unit 4 of Microeconomics. Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.