ACDC Leadership
Micro 2.10 Total Revenue Test and Elasticity Review: Econ Concepts in 60 Seconds
Mr. Clifford's 60 second explanation of the total revenue tests. It shows what happens to total revenue when price changes for products with inelastic or elastic demand.
Curated Video
Understanding Price Elasticity of Demand
This video discusses the topic of elasticity, specifically the price elasticity of demand within the context of the impact of Brexit on the UK agricultural market. The video explores the concept of elasticity and how it can be used to...
ACDC Leadership
Elasticity of Demand- Micro Topic 2.3
Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching.
ACDC Leadership
Home Alone- EconMovies #18- Elasticity and Price Discrimination
The holidays are coming up so I decided to analyze the economics in Home Alone. In this episode I talk about elastic demand, inelastic demand, the pricing strategies of businesses, and price discrimination. Who knew that all that stuff...
Curated Video
Understanding Price Elasticity of Demand - Characteristics of Demand Curves
This video is a lesson on the price elasticity of demand and the characteristics of demand curves. The instructor explains how to calculate price elasticity of demand and defines the terms elastic and inelastic. The video also covers how...
Curated Video
Understanding Elasticity: The Difference between Elastic and Inelastic Demand
This video lecture explains the concept of elasticity and focuses on the difference between elastic and inelastic demand. The lecture also covers the basic formula for price elasticity of demand (PD) and how to interpret PD values,...
ACDC Leadership
Elastic and Inelastic Demand for Monopolies- Micro Topic 4.1 (Part 2 of 2)
My 60ish second explanation of how to identify the elastic and inelastic range of the demand curve for a monopoly. When MR is positive the demand is elastic and when it is negative the demand is inelastic. If you don't remember the total...
ACDC Leadership
The Kinked Demand Curve: Econ Concepts in 60 Seconds
My 60 second explanation of non-colluding oligopolies and the kinked demand curve model. Remember that if you raise your price your demand will be elastic and if you lower your price demand will be inelastic.
Curated Video
Understanding Price Elasticity of Demand for Business Forecasting
In this video lecture, the concept of price elasticity of demand (PED) is explained, which allows businesses to measure the responsiveness of the quantity demanded of a product to a change in price. The lecturer uses a graphical example...
Curated Video
Determinants of Price Elasticity of Demand
This video discusses the determinants of price elasticity of demand, which is a key concept in economics. The video uses two examples and explains the five main factors that affect the price elasticity of demand at an A-level, including...
ACDC Leadership
Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5
Hey econ students! This video is an overview of elasticity. Be sure to learn and practice these concepts before you watch (see links below). I made this video to compare and contrast the four types of elasticity (price elasticity of...
Professor Dave Explains
Changes in Supply and Demand
We just learned about supply and demand. But how do these change over time? To answer this we must learn about elasticity. For elasticity of supply we must learn about input costs as well as supply determinants like subsidies and excise...
Curated Video
Calculating Price Elasticity of Demand and its Importance for Businesses.
This is a lecture video that explains how to use the formula for price elasticity of demand (PED) to calculate the PED for different goods in order to solve problems. The video starts by explaining the formula for PED and then...
ACDC Leadership
Elasticity of Demand and Supply Coefficients- Micro Topic 2.4 and 2.5
In this video I explain elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to...
ACDC Leadership
Micro Unit 2 Summary- Supply and Demand NEW!!!
Hey econ students! This summary video covers microeconomics Unit 2: Supply and Demand. It covers demand, supply, elasticity, disequilibrium, equilibrium, shifts, taxes, and internations trade. Be sure to print and fill out the Unit 2...
Curated Video
Understanding the UK Housing Market: Applying Supply and Demand Analysis
The video discusses the UK housing market, and how the concepts of supply and demand apply to it. The speaker explains how demand for housing is affected by interest rates, availability of mortgages, and the fact that housing is both a...
Curated Video
Aggregate Demand and Aggregate Supply Analysis: Exploring the Keynesian AS Curve
This is a lecture on aggregate demand and aggregate supply analysis, focusing on the Keynesian AS curve. The speaker provides examples of different impacts on the economy depending on which part of the AS curve is relevant at any given...
ACDC Leadership
Micro Unit 4, Question 3- Monopoly, Elastic Range
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Micro Unit 2- Practice Questions #2
This video has practice multiple choice questions for microeconomics Unit 2: Demand, Supply, and Consumer Choice. I cover concepts like elasticity, welfare economics, excise taxes, and marginal utility.
Curated Video
Understanding Pricing Strategies in the Marketing Mix
This video discusses the importance of pricing strategies in marketing and explores two main types of pricing: penetration pricing and price skimming. The video also highlights other pricing strategies and the influences on pricing...
ACDC Leadership
Taxes on Producers- Micro Topic 2.8
I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
ACDC Leadership
Micro Unit 6, Question 12- Tax Incidence (Excise Tax)
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Jacob Clifford
Elastic and Inelastic Range of Demand for Monopolies
What are the elastic and inelastic ranges of a demand curve in imperfect competition, and how can you tell?
Jacob Clifford
Total Revenue Test and Elasticity Review
When prices go up in an elastic demand curve, what happens to total revenue? Your young economists will learn about this concept as they watch an engaging and informative speaker illustrate what happens through drawing different graphs.