Curated Video
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Econ
This week Jacob and Adriene teach you about marginal analysis, which you're using RIGHT NOW! The video is coming from inside the house! Or something. You'll learn how marginal analysis guides the decision making if cities, nations,...
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...
Curated Video
Sales Optimization: Upselling, Down-selling, and Cross-selling
A good salesperson never wants to leave their customer without making the best sale they can. So you need to learn the art of the upsell. And, for that matter, of the cross-sell and the down-sell.
Curated Video
The Theory of Contestable Markets and Market Outcomes Explained
This video discusses the concept of contestability in economics. The presenter explains how markets with low barriers to entry and exit tend to result in normal profits, productive and allocative efficiency, and potential hit and run...
Curated Video
Dynamic Efficiency in Market Structures
The speaker discusses dynamic efficiency in this lecture video. He explains the difference between static efficiency and dynamic efficiency and provides examples of how they can be applied to analyze industries. He describes the three...
ACDC Leadership
Micro Unit 1 Summary (Updated Version)
The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...
Curated Video
Indirect Taxation and Government Intervention: Analyzing through Economic Models
This is a video lecture that explores the topic of indirect taxation as a form of government intervention in markets. The speaker covers the economic rationale for government intervention to rectify market failure, the types of market...
Curated Video
Understanding Subsidies: Analyzing and Evaluating Government Intervention in Markets
The video discusses the topic of subsidies and how they can be used as a government intervention in markets. The speaker explains how subsidies can help to rectify market failures, particularly in cases where a product is under-provided...
Institute for New Economic Thinking
Joon Yun: Healthcare In The 21st Century
The 21st Century will be the Healthcare Century. Human endeavor creates prosperity, and health is an engine that powers human endeavor. Prosperous societies, in turn, consume more healthcare in a procyclical fashion. The effect of...
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).
Curated Video
Types of Efficiency in Economics and their Importance in Market Structures
This is a video lecture on the topic of efficiency in economics. The lecturer explains how firms and markets allocate their scarce resources to their activities and the types of efficiency that exist within the market: productive...
Institute for New Economic Thinking
Exploring New Economic Space | #6 | Venture Capital in the 21st Century
What is the relationship between core general purpose technologies (e.g. steam engine, electricity, computers) and the sectors to which they are applied (e.g. railways, radio communications, e-commerce)? There is positive feedback...
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 Short-Run Costs in Economics
In this video, the topic of short-run costs is explored, specifically the distinction between short run and long run and its implications on costs. The video explains the specific definitions applied by economists to time frames,...
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...
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...
Curated Video
Allocative Efficiency: Definition, Importance, and Market Structures
The video is a lecture on allocative efficiency, which discusses the optimal allocation of resources to produce goods that consumers actually want. The lecturer explains allocative efficiency in detail, including how it's different from...
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
Free Response Practice: Cost Curves- Microeconomics Unit 3
Here is a practice FRQ from the 2005 AP Micro exam. Try it on your own and then go over the answers.
ACDC Leadership
Lump Sum and Per Unit: Econ Concepts in 60 Seconds
My 60 second explanation of the difference between lump sum and per unit subsidies. Remember, lump sum affects only fixed costs so MC won't shift. A per unit subsidy will affect MC and therefore output.
Curated Video
Monopsony Labor Markets: Effects and Interventions
The video discusses the concept of a monopsony, which occurs when there is only one buyer in a market, such as the government in the public sector. The video explains the differences between the outcomes of a monopsony labor market and a...