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Videos uploaded by user “Jacob Clifford”
Elasticity and the Total Revenue Test- Micro 2.9
 
06:13
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. Please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1034287 Jacob Clifford
The Phillips Curve (Macro Review) Macro 3.4
 
03:15
In this video I explain the Phillips Curve and the relationship between inflation and unemploymnet. Remeber that there are two curves the long run curve and the short run curve. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-pack... Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 464847 Jacob Clifford
Price Ceilings and Floors- Economics 2.6
 
04:34
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 and identify if there is a shortage or a surplus. Keep in mind that your teacher may use the word "binding" to describe the situation where the price control has an effect on the market. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next videos showing what happens to consumer surplus, producer surplu, and dead weight loss https://www.youtube.com/watch?v=n0LXkA9kato All Microeconomics Videos https://www.youtube.com/watch?v=swnoF... All Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 569439 Jacob Clifford
Macro 3.3- Long Run Aggregate Supply, Recession, and Inflation (LRAS)
 
03:41
In this video I explain the most important graph in your macroeconomics class. The aggregate demand and supply model. Make sure that you understand the idea of the long run aggregate supply and how to draw a recessionary gap and inflationary gap. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like wages) to adjust when there is a change in price level.Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 445065 Jacob Clifford
Deadweight Loss, Consumer & Producer Surplus- Microeconomics 2.7 (Holiday Edition)
 
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Welcome to ACDC Econ and my first holiday edition. In this video I explain consumer surplus, producer surplus, and deadweight loss. Make sure that you can see how each change when there is a change in the market. *Correction* The consumer surplus at 0:59 in the video is $6000. ($8-$5) x 4000/2. It is a triangle! Notice that deadweight loss happens whenever the optimal quantity is not being produced. This also happens when there are taxes or externalities. By the way, my wife, Paula, was the one throwing snowballs at me. We had to do it in two takes and I think she enjoyed it way too much. Why you should never give gifts to others- Video isn't available yet Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership I got the rock'n version of Deck the Halls here: https://www.youtube.com/watch?v=QF84X6kLrIA
Views: 309614 Jacob Clifford
Fiscal & Monetary Policy Review- AP Macroeconomics
 
03:59
In this video I overview fiscal and monetary policy and how the economy adjust in the long run. Keep in mind that fiscal and monetary policy shift aggregate demand while waiting for the economy to adjust is a shift in aggregate supply. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 452990 Jacob Clifford
Economies of Scale- Micro 3.2
 
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In this video I explain the idea of what happens to output and costs in the long-run. I cover two similar but different ideas: increasing retruns to scale and economies of scale. The first one focuses on what happens to output and the second focuses on costs. I also cover t he idea of diseconomies of scale. And, of course, you get a bonus round. Let me know what you think and please subscribe. Video about short run production- https://www.youtube.com/watch?v=xLSRMt-wWAM If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294 Check out the TV show How It's Made to see more economies of scale at work- https://www.youtube.com/channel/UCjHsPBHX1NNbIqTy4eXVTig
Views: 431660 Jacob Clifford
Macro 5.1- Balance of Payments
 
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In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 326903 Jacob Clifford
Macro Unit 2.1- GDP and Economic Growth
 
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In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 359834 Jacob Clifford
Economic Profit and Costs- ACDC Econ - Micro 3.6
 
03:48
Mr. Clifford explains the difference between explicit costs and implicit costs and the idea of economic profit. By the way, it's a joke. Economists and accountants don't really hate each other. It is a running gag between disciplines. I personally love my accountant :)
Views: 243821 Jacob Clifford
Macro 4.14- Loanable Funds & Crowding Out
 
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Mr. Clifford explains the graph for loanable funds and crowding out
Views: 257766 Jacob Clifford
Circular Flow Matrix- How the economy works- Econ 1.7
 
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In this video I explain the Circular Flow Matrix and how products, resources, and money flow in a market economy. I also define the factors of production, public sector, and factor payments. Keep in mind that households and businesses both demand and supply. Thank you for watching. Please subscribe and let me know if you want me to cover anything. Next Video- https://www.youtube.com/watch?v=KPpmAUk1olA I'm Jacob Clifford and I have helped thousands of students understand economics. This YouTube channel has over 300 videos explaining all the key concepts and graphs of micro and macroeconomics. Be sure to subscribe and check out the economics review app for your smartphone. Thanks for watching. You rock! If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 218442 Jacob Clifford
Demand and Supply Explained (2 of 2) - Econ 2.2
 
04:55
Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji In this video I explain the supply, the law of supply, the shifters of the supply curve, equilibrium, surplus, and shortage. Make sure to draw the graphs on your own. This is the second video in the Playlist. Make sure that you watch the first video about demand before you move on to the next video about shifting the curves. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk Demand Video https://www.youtube.com/watch?v=LwLh6ax0zTE Next Video Explaining Shifting the Curves https://www.youtube.com/watch?v=V0tIOqU7m-c Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 664324 Jacob Clifford
Macro 3.2- Aggregate Supply Practice
 
02:11
In this short video I explain aggregate supply and the shifter of AS like resource prices, technology, and productivity. Make sure to answer the questions. Thanks for watching. Please subscribe! If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Watch the next video in this series- Aggregate Supply https://www.youtube.com/watch?v=UwAQRnpVMzI Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 249740 Jacob Clifford
Production Possibilities- EconMovies #3: Monsters Inc
 
04:45
EconMovies explain economic concepts through movies. In this episode, I use Disney/Pixar's Monsters Inc. to introduce the production possibilities curve. Good luck studying economics. Snow cone?!
Views: 275980 Jacob Clifford
Perfect Competition in the Short Run- Microeconomics 3.8
 
04:50
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. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 898081 Jacob Clifford
Aggregate Demand and Supply and LRAS; Macroeconomics
 
03:26
Newer video for this topic- https://www.youtube.com/watch?v=l6Udc6uDX8o In this video. I explain the most important graph in most introductory macroeconomics courses- the aggregate demand model. In this video I cover aggregate demand (AD), aggregate supply (AS), and the long run aggregate supply (LRAS). Make sure that you feel comfortable drawing it and showing the economy at full employment, with a recessionary gap, and with an inflationary gap. Thanks for watching. Please subscribe! Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 222913 Jacob Clifford
Demand and Supply Explained- Econ 2.1
 
06:43
Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Video Explaining Shifting the Curves https://www.youtube.com/watch?v=V0tIOqU7m-c Unit playlists https://www.youtube.com/watch?v=HQkVO2PsxFw Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 1477646 Jacob Clifford
Comparative Advantage and Terms of Trade -ACDC Econ 1.3
 
04:15
Individuals and countries benefit from trade. Even though it isn't very realistic, simplified examples like this will help you understand the idea of comparative advantage. Make sure to calcite the per unit opportunity cost so you can see which country should specialize in which product. Also, make sure to watch the second half to learn about terms of trade.
Views: 266640 Jacob Clifford
Shifting Demand and Supply- Econ 2.3
 
04:50
In this video I explain what happens to the equalibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the thrid video in the playlist so make sure that you know how to draw and shift demand and supply before you watching this video. Please leave a comment and subscribe. Demand Video https://www.youtube.com/watch?v=LwLh6ax0zTE Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 699311 Jacob Clifford
The Money Market- Macroeconomics 4.6
 
03:25
In this video I explain the money market graph with the the demand and supply of money. The graph is used to show the idea of monetary policy and how changing the money supply effects interest rates. Thanks for watching. Please subscribe Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 305641 Jacob Clifford
Micro 6.4 Positive Externalities- ACDC Econ
 
02:43
Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the other is the marginal social benefit (MSB) which includes the additional benefits to society. 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 182251 Jacob Clifford
Diminishing Marginal Returns- Micro 3.1
 
05:54
I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji High school version of this video- https://www.youtube.com/watch?v=_TQ62MwzSrY Next Video- Economies of Scale https://www.youtube.com/watch?v=JdCgu1sOPDo Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Twitter (#askclifford) https://twitter.com/acdcleadership?lang=en By the way, I had some songs from West Side Story in my head while I was filming.
Views: 438924 Jacob Clifford
Taxes on Producers- Microeconomics 2.11 ACDC Econ
 
05:58
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.
Views: 510255 Jacob Clifford
Monopolistic Competition- Short Run and Long Run- Micro 4.12
 
02:03
I explain how to draw a firm in monopolistic competition. Notice, the firm will make zero economic profit in the long run since there are low barriers to entry. Make sure you know how the graph changes from the short run to the long run.
Views: 443586 Jacob Clifford
Micro 4.3 Monopoly Dead Weight Loss Review: AP Microeconomics
 
02:39
Mr. Clifford's 60 second explanation of how to identify the consumer and producer surplus on the monopoly graph. Notice that monopolies charge a higher price and produce a lower output than perfectly competitive markets. Since monopolies are inefficient they also have dead weight loss. 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 228518 Jacob Clifford
Macro 5.6- Key Graphs of AP Macroeconomics
 
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Mr. Clifford reviews the 5 key graphs of macroeconomics. Make sure to watch the videos explaining each graph.
Views: 149756 Jacob Clifford
Cost Curves- Microeconomics 3.3 (Part 2)
 
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In this video I explain how to draw and analyze the cost curves. Most teacher sad professors focus on the per unit cost curves. That included marginal cost, average total cost, average variable costs, and the average fixed cost. Each have a specific shape. It might not be the most exciting thing in the world, but I promise that it gets enjoyable once you understand it. Thanks for watching. Please subscribe! If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 530717 Jacob Clifford
Change in Demand vs Change in Quantity Demanded- Key Concept
 
01:47
A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in price. Price Doesn't shift the curve.
Views: 141400 Jacob Clifford
Micro 4.11 Kinked Demand Curve: Econ Concepts in 60 Seconds
 
02:03
Mr. Clifford's 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. 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 119399 Jacob Clifford
Double Shifts- Econ 2.5 (Technical Tuesday)
 
03:27
In this video I cover double shifts in demand and supply and the idea that the price or quantity can be indeterminate. I also give a little trick to help you out. If you like the idea of having me make these kinds of videos please let me know in the comments below. Also, if you think it is dumb, let me know what else you would prefer. Thanks for watching. Please subscribe. Shifting Supply and Demand Video https://www.youtube.com/watch?v=V0tIO... My website www.ACDCecon.com Unit playlists. https://www.youtube.com/watch?v=HQkVO... Crash Course Economics- https://www.youtube.com/user/crashcourse Economics Music Video Competition https://www.youtube.com/watch?v=u8zDE... Thanks for supporting me and awesome economic education. Make sure to subscribe. You rock!
Views: 122969 Jacob Clifford
Macro 3.7- Fiscal Policy: Non-discretionary vs Discretionary "AP Macro"
 
02:15
Mr. Clifford explains the basics of fiscal policy and the difference between non-discretionary and discretionary fiscal policy. 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 understand what you learned in class.
Views: 150972 Jacob Clifford
Foreign Exchange Practice- Macro Practice- Macro 5.3
 
03:50
In this video I explain foreign exchange and how the value of currencies change. Remember that the trick is to remember that you supply your currency and the people in other countries demand your currency. Thanks for watching.
Views: 194169 Jacob Clifford
Macro 3.9- Multiplier Effect, MPC, and MPS (AP Macroeconomics)
 
02:17
In this video explain the multiplier effect and the marginal propensity to consume (MPC) and the marginal propensity to save (MPS). Keep in mind that the MPC plus the MPC must equal one. This is becuase there are only two things you can do with new income. Either spedning it or save it. For more info about the multiplier effect watch this video: https://www.youtube.com/watch?v=RqWYmQQzXxs Spending and Tax Multiplier Practice https://www.youtube.com/watch?v=kgAgY... Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 358155 Jacob Clifford
Micro 4.4 Elastic and Inelastic Range of Demand for Monopolies- ACDC Econ
 
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Mr. Clifford's 60 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 revenue test, watch that video first. 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 145379 Jacob Clifford
Shifting the Production Possibilities Curve (PPC)- Econ 1.2
 
03:57
In this video I explain how the production possibilities curve shifts when there is a change in resources or a change in technology. Understanding the general concept will help you understand the idea of economic growth, but keep in mind that a real economy is not this simple or predictable. The PPC just introduces these ideas, the details come later. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Click here to watch Econmovies Episode 3: Monster Inc. https://www.youtube.com/watch?v=tW4G5IPpzFY Click here to watch the a video about trade and comparative advantage https://www.youtube.com/watch?v=ol4NexZ0iII
Views: 416639 Jacob Clifford
Macro Unit 2.2- Nominal and Real GDP Advanced Placement Macroeconomics
 
01:42
In this video I explain the difference between nominal and real GDP. Don't forget that Real GDP is adjusted for inflation. 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 understand what you learned in class. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 255171 Jacob Clifford
How Banks Create Money and the Money Multiplier- Macro 4.8
 
04:12
Money doesn't grow on trees, but it does grow in banks. I explain how banks create money and how to use the money multiplier. For more practice go to my website www.ACDCecon.com or watch the unit playlist videos. Please subscribe and leave a comment. You rock! Monetary Policy and Despicable Me https://www.youtube.com/watch?v=RaeIBeJT5hY Video about the Federal Reserve https://www.youtube.com/watch?v=qXhXnwDANXo Unit playlists. https://www.youtube.com/watch?v=HQkVO2PsxFw
Views: 379123 Jacob Clifford
Micro 6.3 Negative Externalities: Econ Concepts in 60 Seconds-Externality
 
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Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal social cost (MSC) which includes the additional costs to society. 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 355354 Jacob Clifford
Production Possibilities Curve- Econ 1.1
 
05:36
In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 922903 Jacob Clifford
Oligopolies and Game Theory- EconMovies #8: The Dark Knight
 
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EconMovies explain economic concepts through movies. In this episode, I use The Dark Knight to explain oligopolies, game theory, dominate strategy, and Nash equilibrium. Good luck studying economics. If you're good at something, never do it for free.
Views: 248554 Jacob Clifford
Keynesian Economics with Jacob Clifford
 
05:16
In this video I explain Keynesian economics, the idea of the multiplier effect, the broken window fallacy, and the tradeoffs of government spending to get out of a recession. Be sure to leave a comment and tell me what you think of John Maynard Keynes. Thanks for watching. Please subscribe! More details about calculating the multiplier https://www.youtube.com/watch?v=RqWYmQQzXxs&list=PLBC35DEA1D1A98034&index=19 Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership And, yes, I know there are a few misspelled words. I always try to throw a few of them in there to keep you on your teos
Views: 179919 Jacob Clifford
Micro 4.8 Price Discriminating Monopoly (First Degree)
 
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Mr. Clifford's explains how to draw a monopoly with first degree price discrimination. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph. 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 217032 Jacob Clifford
Micro 4.10 Game Theory Dominant Strategy Practice: Econ Concepts in 60 Seconds-
 
02:53
Mr. Clifford's 60 second explanation of how to identify the dominant strategy with game theory payoff matrix. The numbers in the left of each square are for the firm on the left. The numbers on the right are for the firm on the top. Pease 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 understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 182680 Jacob Clifford
The Multiplier Effect- Macro 3.9B
 
05:35
A new econ video every Tuesday! In this video I explan the two multipliers that you will see in a standard macroeconomics course: The Spending Multiplier and the Money Multiplier. *Note* I didn't mention that the tax multiplier is always negative. give you a few practice questions so be sure to pause the video and try it on your own. Don't freak out about the math. Most courses don't require that you actually understand the math behind geometric series, but you do need to know the equaltions. Thanks for watching. If you want me to keep making more videos, please subscribe. More about the multiplier https://www.youtube.com/watch?v=Xg-0z5RWbAU&index=11&list=PLBC35DEA1D1A98034 Spending and Tax Multiplier Practice https://www.youtube.com/watch?v=kgAgYi0nuM8 The Money Multiplier- How Banks Create Money https://www.youtube.com/watch?v=JG5c8nhR3LE Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 279315 Jacob Clifford
Elasticity of Demand Coefficients- Micro 2.10 (Cross-Price and Income Elasticity)- AP Microeconomics
 
07:03
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 help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 389347 Jacob Clifford
Macro 3.11- Multiplier and Spending Practice- AP Macro
 
02:03
Mr. Clifford explains how to use the spending multiplier to close a recessionary gap
Views: 147361 Jacob Clifford
Macro 2.3- Unemployment and Natural Rate of Unemployment- AP Macro
 
01:55
Mr. Clifford's explanation of frictional, structural, and cyclical unemployment and the natural rate of unemployment. Remember that "full employment" is not 0% unemployment. Even a normal health economy will experience frictional and structural unemployment. Please keep in mind that these video lessons are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 198759 Jacob Clifford
Inflation- Cost-push & Demand-pull- Macro 3.6
 
02:09
In this video I explain hyperinflation and the difference between cost-push and demand-pull inflation. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-pack... Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 174347 Jacob Clifford
Monetary Policy and the FED- EconMovies #9: Despicable Me
 
05:35
EconMovies explain economic concepts through movies. In this episode, I use Despicable Me to explain monetary policy, interest rates, and the role of banks in the economy. Good luck studying economics. Oh, and don't mess with Janet Yellen. Thanks for watching. Please subscribe. Watch ALL episodes of Econmovies https://www.youtube.com/playlist?list... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Follow me on Twitter https://twitter.com/acdcleadership
Views: 127016 Jacob Clifford