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ACDC Leadership
Marginal Product and Marginal Cost Review
In this video I explain the relationship between marginal product and marginal cost. The bonus round explains a numeric example that shows that MP and MC are mirror images of each other.
ACDC Leadership
Microeconomic Cost Curves (Old Version) MC, ATC, AVC, and AFC
Mr. Clifford's 60 second explanation of the four per unit costs curves (MC, AVC, AFC, and ATC). The bonus round shows how you use the graphs to calculate TC, VC, and FC.
ACDC Leadership
Externalities- EconMovies #7: Anchorman
Hey econ students. This is Jacob Clifford. In this episode of EconMovies, I use Anchorman to explain marginal benefit, marginal cost, efficiency, and externalities.
Institute for New Economic Thinking
The Death of Neoliberalism [Suresh Naidu]
Market fetishists may not know it yet, but it's over.Suresh Naidu breaks down neoliberalism, and why it can no longer support itself.Produced by Matthew Kulvicki, Nick Alpha & Ryan Scammell
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
Short-Run Costs (Part 1)- Micro Topic 3.2
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC.
ACDC Leadership
Micro Unit 3 Intro- Costs of Production and Perfect Competition
A quick overview of what you will cover in the third unit 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.
Professor Dave Explains
Scarcity, Trade-offs, and Cost/Benefit Analysis
A core concept we must discuss if we are to understand economics is scarcity. Our wants and needs are endless, but the things we want and need are necessarily finite in nature. Therefore, we can say that these things are scarce. They run...
ACDC Leadership
The BIG Picture- AP Economics Overview
This videos uses the Circular Flow Model to explain the big picture ideas of AP microeconomics and macroeconomics.
ACDC Leadership
EconMovies 2: Monty Python and the Holy Grail (Marginal Analysis)
Who knew that so many of the hilarious moments from Monty Python and the Holy Grail would be perfect for illustrating one of the most important concepts in economics: marginal analysis. In the second video of this fantastic series, your...
Khan Academy
Khan Academy: Production Possibilities Frontier: Opportunity Cost
Opportunity cost (and marginal cost) based on the PPF. This is an direction of economics based on tradeoffs in an area of fixed resources. [5:49]
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: Why Parties to Cartels Cheat
In this video, Khan Academy explores a conflict that duopolists (and other oligopolies) face: there is a tension between cooperating and forming a cartel or cheating on that cartel once it is formed. [11:18]
Khan Academy
Khan Academy: Price Discrimination
Price discrimination is when a seller can charge different customers that are basically identical different prices in an attempt to extract as much profit as possible. In this video, we explore how this is possible. [6:01]
Khan Academy
Khan Academy: Allocative Efficiency and Marginal Benefit
This video gives scenarios that exemplify marginal utility and maximization. [14:09]