Crash Course
Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics
So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene and Jacob explain why. Subsidies, however, are a little different, and...
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-...
ACDC Leadership
Micro Unit 2 Summary (Old Version)- Supply, Demand, and Consumer Choice
Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility...
ACDC Leadership
Consumer and Producer Surplus and Dead Weight Loss
My 60 second explanation of consumer's surplus (CS) and producer's surplus (PS) and how to identify where it is on the graph. The bonus round shows how a price ceiling changes CS and PS and results in dead weight loss.
ACDC Leadership
Micro 2.5 Government Price Controls (Old Version): Econ Concepts in 60 Seconds
Mr. Clifford's 60 second explanation of price floors and price ceilings. Remember that a floor only has an effect if it is above equilibrium and that a ceiling needs to be below equilibrium.
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
The Handshake Market: Supply & Demand Activity
Here is a great activity that helps students understand markets and price signals. In this activity half the class are buyers and the other half are sellers. The product they are selling is handshakes. There are four rounds and each last...
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.
Economics Explained
Black Market Economics - What Drives the Underground Economy?: Control The Price
We will explore what is the Black Market, why is it so large and influential, how to combat it, and how to make Black Market profits? Helping you become more knowledgeable about how the world works, our content covers the biggest topics...
ACDC Leadership
Deadweight Loss- Key Graphs of Microeconomics
My explanation of deadweight loss (aka. efficiency loss). Watch the bonus round to see multiple examples of dead weight loss. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review...
ACDC Leadership
Regulating Monopolies (Socially Optimal and Fair Return)- Micro Topic 6.4
Here is my 60 second explanation of regulating monopolies. The government can regulate at socially optimal quantity (D = MC) to get them to produce the allocatively efficient output or they can get them to produce at fair return (D=ATC)...
ACDC Leadership
Comparative Advantage: ACDC Econ
This is my 60 second explanation of comparative advantage and identifying who should specialize. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better...
ACDC Leadership
Government Intervention- Micro Topic 2.8
Hey Econ students! I'm back with new videos to help you learn and love economics. This video explores the effects of government intervention including: price ceilings, price floors, subsidies, and taxes. Make sure that you can draw these...
ACDC Leadership
Price Ceilings and Floors- Micro Topic 2.8
In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph...
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...
Jacob Clifford
Government Price Controls (Floors and Ceilings)
How do price ceilings result in shortages in the United States economy? Watch as an instructor uses graphs to illustrate this concept, as well as how price floors result in surpluses; all in less than 60 seconds!
Crash Course
Crash Course Economics #22: Environmental Economics
Crash Course video in which hosts, Adriene and Jacob tell us how economics can be used to control and reduce pollution and emissions in our environment and examine supply and demand, incentives, and how government intervention influences...
The Economics of Seinfeld
Yada Econ: The Economics of Seinfeld: The Apartment
Entertaining lesson in economics uses a video clip [4:50] from a Seinfeld episode from which economics concepts come alive as we can learn about rent control, rationing mechanisms and price ceilings.
Sophia Learning
Sophia: Economics: Price Ceiling
Video lesson describes how the government attempts to control prices through price ceilings; an example being rent control on apartments. [4:51]
Khan Academy
Khan Academy: Rent Control and Deadweight Loss
Price controls have the potential to reduce total surplus. In this video [11:11] we step through some details on how one kind of regulation, a price ceiling, can reduce economic efficiency. A real world example of a price ceiling is rent...
Khan Academy
Khan Academy: How Price Controls Reallocate Surplus
A video [8:42] explaining how a price ceiling or a price floor can reallocate surplus between buyers and sellers.