Crash Course
Specialization and Trade: Crash Course Economics
In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production...
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
Macroeconomics Practice Exam #1 Answers
The Ultimate Review Packet has 2 Macro exams and 2 Micro Exmas. In this video I go over the answers to all 60 of the multiple choice questions on the first practice AP MACRO exam.
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...
ACDC Leadership
Micro Unit 1 Summary- Basic Economic Concepts (Old 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...
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
Understanding Absolute and Comparative Advantage in Trade Theories
In this video, the speaker explains how trade theories such as absolute advantage and comparative advantage can help understand why countries engage in certain trading patterns and specialize in specific goods and services. The speaker...
ACDC Leadership
Macro Unit 1- Practice Questions #2
This is a practice quiz for Macroeconomics Unit 1. The questions are designed for AP and college introductory economics.
ACDC Leadership
Micro Unit 1- Practice Questions #2
This is a practice quiz for Microeconomics Unit 1. The questions are designed for AP and college introductory economics.
Institute for New Economic Thinking
Shaikh’s path 2 Absolute Advantage
Shaikh’s path 2 Absolute Advantage
ACDC Leadership
Macro Unit 1 Summary- Basic Economic Concepts (Revised 2020)
In this video I cover the basics: scarcity (3:17), opportunity cost, the production possibilities curve (9:57), comparative advantage (15:15) and demand and supply (29:22). I also show you the quick and dirty (22:52). Don't worry, it's...
Curated Video
Introduction to Absolute Advantage in Trade
The video introduces the concept of absolute advantage in international trade. The speaker explains that differences in the quantity and quality of factors of production between countries create opportunities for countries to specialize...
ACDC Leadership
Comparative Advantage and Trade - Macro Topic 1.3 (Micro Topic 1.4)
This topic is somehow ridiculously simple and ridiculously complex. The simple part is understanding that trade is mutually beneficial. The complex part is calculating per unit opportunity cost and determining how individuals, business,...
ACDC Leadership
Macro Unit 1 Summary- Basic Concept and Demand/Supply
The Macro 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...
ACDC Leadership
5 comparative advantage HACKS you need to know
Hey econ students, I made this video to help you rock the comparative advantage and terms of trade question on your econ exams.
ACDC Leadership
Comparative Advantage Practice
If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative...
Curated Video
Introduction to Comparative Advantage and Trade
This video provides an in-depth analysis of the concept of comparative advantage in economics. The lecturer, Peter Jordan, begins by building on the concept of absolute advantage in the previous video lecture. He explains that the...
ACDC Leadership
Micro Unit 1, Question 10- Comparative Advantage
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Professor Dave Explains
Absolute Advantage vs. Comparative Advantage
Now that we've learned about specialization, we are ready to learn about absolute advantage and comparative advantage. This is something that can help an individual, company, or country determine what is in their best interests to...
Khan Academy
Khan Academy: Comparative Advantage and Absolute Advantage
Trade benefits both agents when each specializes in what they have a comparative advantage in producing and trading with another agent who has a comparative advantage in something else. The gains from trade occur based on comparative...