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
Elasticity Practice- Supply and Demand
Thanks for watching! In this video I explain the total revenue test, elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Make sure to pause the video and try to answer the seven questions on your own.
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...
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...
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...
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...
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...
Curated Video
Understanding the UK Housing Market: Supply and Demand Analysis
The video explores the UK housing market and explains how supply and demand impacts it. It covers various factors affecting the demand for housing such as availability of mortgages, speculative investment, regional demand variations,...
Curated Video
Rearranging Elasticity Formulas and the Elasticity Triangle
In this video, the instructor teaches how to rearrange elasticity formulas to make any variable the subject of the formula. The video focuses on price elasticity of demand as an initial example and demonstrates how to substitute and...
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.
Curated Video
Demand Shift Evaluation in the Farmland Market Due to Brexit Fears
This video begins by discussing the current situation for farmland prices in the UK and how Brexit fears are affecting the market. The presenter explains how a weakening of demand has led to a price fall, which he evaluates by discussing...
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...
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,...
Mr. Sinn
How To Solve Elasticity Problems: Microeconomics
In this video I will go over how to solve elasticity problems in microeconomics. This video will explain how to solve problems that deal with supply and demand elasticity, cross-price elasticity, and income elasticity. In order to make...
ACDC Leadership
Micro Unit 2, Question 11- Cross-Price Elasticity of Demand
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 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.
Curated Video
Consumer and Producer Surplus in Economics
The video provides an overview of consumer and producer surplus and how they are represented on demand-supply diagrams. It explains how the demand curve is derived and how individual consumers' reservation prices determine consumer...
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.
ACDC Leadership
5.2 Perfectly Competitive Labor Market and Firm: Econ Concepts in 60 Seconds- Advanced Placement
Mr. Clifford's 60 second explanation of how to draw a perfectly competitive labor market and firm hiring workers. Notice that the perfectly elastic (horizontal) curve is now supply.
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...
Mr. Sinn
Elasticity & Total Revenue (Microeconomics)
In this video I explain everything you need to know about elasticity and total revenue. This video will cover how to read different charts, how to find supply and demand coefficients, and how to use the total revenue test. In order to...
Curated Video
Introduction to Perfect Competition and Its Assumptions
This video is an introduction to the concept of perfect competition in economics. The speaker explains the four main assumptions of perfect competition, including many buyers and sellers, perfect information, homogeneous products, and no...
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.