Crash Course
Imports, Exports, and Exchange Rates: Crash Course Economics
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing,...
Professor Dave Explains
Gross Domestic Product (GDP)
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP?...
ACDC Leadership
Macroeconomics- Everything You Need to Know
*Note* At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal...
ACDC Leadership
Macro Unit 2 Summary (New Version)- Measuring the Economy
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary (new version). This unit is about measuring the economy and covers topics like GDP (2:17), unemployment (8:16), inflation/CPI (12:47), the business cycle (19:55).
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...
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.
ACDC Leadership
Macro Unit 3, Question 4: Price Level and Output
*Clarification* When I wrote of the board, I didn't clarify which country's imports decreased. IMPORTS fell for the major trading partner, so EXPORTS fell for the country we are analyzing. Aggregate demand falls.
Curated Video
Understanding the Importance of Trade Balance in Goods and Services
In this video, the trade balance of a country in terms of goods and services is discussed as an important indicator of the country's competitiveness in the global market. The video also discusses the impact of trade deficits and...
ACDC Leadership
Aggregate Demand and Supply Practice- Macro Topic 3.5 and 3.6
Be sure to pause the video and try the practice questions on your own. In this video I explain what you should watch out for when answering exam questions and give you several practice questions too make sure you know what happens to...
Curated Video
Heiner Flassbeck: Is Mercantilism Doomed to Fail? 2/5
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...
Economics Explained
The Economy of EVE Online
EVE Online is a massively multiplayer online game that is probably best known for articles about massive space battles with tens of thousands of players, or stories about in-game con men screwing over their allies after years of...
Economics Explained
The Economics of Disasters: GDP
The Wuhan Coronavirus, the active impeachment of a sitting US president, an earthquake and volcanic eruption in the Philippines, floods in Indonesia, the death of Kobe Bryant, magnitude 7.7 earthquakes in the Caribbean and even my...
ACDC Leadership
MACROeconomics 15 Minute Review
In this video I explain Macroeconomics in 15 minutes. Click on the box to watch videos covering each concept and graph or click on the playlists below. Make sure to subscribe and comment.
Economics Explained
How The U.S. Economy Just Lost 33 Percent Of Its Value: GDP Economic Plunge
Last Thursday on the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report. The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June. For...
Economics Explained
How Has Brexit Been Going: The United Kingdoms Economy
It's been more than five years since the UK voted to leave the EU, are they regretting their decision? Helping you become more knowledgeable about how the world works, our content covers the biggest topics and headlines through the eyes...
Economics Explained
Why GDP Is Overrated & Nobody Should Care About It!
GDP is one of the most universally recognized terms in economics. Even outside people with an interest in the subject most adults would be able to tell you that GDP is a measure of how large an economy is. They might not be able to tell...
Curated Video
Evaluating Trade Deficits
This video focuses on the topic of trade deficits. The presenter provides an explanation of what trade deficits are and how they are measured using the current account on the balance of payments. They discuss the implications of having a...
Curated Video
Understanding Aggregate Demand: Movements and Shifts in the Curve
This video explains the concept of aggregate demand and how it represents the total expenditure on domestically produced goods and services at different price levels. It also highlights the inverse relationship between the average price...
Curated Video
Evaluating the Impact of Trade on the Macroeconomy
This video focuses on evaluating the macroeconomic concept of trade. The video explains how changes in the AD and SRAS curves affect the current account, balance of payments, and net exports. The impact of a positive AD curve shift on...
Bloomberg
Trump Trade Aide Touts Focus on Industrial Base
Mar.06 -- Peter Navarro, director of the White House National Trade Council, says the U.S. is looking for reciprocal trade opportunities. He spoke at an economists’ policy conference in Washington on Monday.
Bloomberg
ECB Hiking Rates Not Sufficient to Support Euro: Sinha
Adarsh Sinha, co-head of Asia FX & rates strategy at BofA Securities, discusses the rise of the dollar, the euro and his outlook for Asian currencies. He speaks on Bloomberg Television.
Bloomberg
Citi's Buiter Says U.S. Won't See Sustained 3% Growth
Jul.30 -- Willem Buiter, special economic adviser at Citigroup, discusses U.S. economic growth and productivity. He speaks on "Bloomberg Daybreak: Americas."
Bloomberg
Australian Dollar Seen Reaching 67 U.S. Cents by Year End, RBC Capital Says
Mar.04 -- Su-Lin Ong, chief economist and head of Australian research at RBC Capital Markets, talks about the country's economy, central bank policy and the local currency. She speaks on "Bloomberg Daybreak: Australia."
Khan Academy
Khan Academy: Parsing Gross Domestic Product
In this video [11:58], we break down GDP into its components to better understand what's counted in GDP and what's not counted.