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\nEcon Song #5: The 12 Key Concepts\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nStudents in Mr. Clifford's class participate in at least one sing along song per unit. This is the song they sing right before Christmas break. There are other songs including ones from Kelly Clarkson, Bob Marley, The Little Mermaid,...\nStudents in Mr. Clifford's class participate in at least one sing along song per unit. This is the song they sing right before Christmas break. There are other songs including ones from Kelly Clarkson, Bob Marley, The Little Mermaid, Plain White Ts, and John Mellencamp. The lyrics for this song are below. Keep in mind that some of the song refers to \"inside jokes\" that I use to explain concpsts (ex: Beep Boop Boop). The 12 Key Concepts that Clifford taught to me 12. Flat Supply, Wage Taking (Firm in Perfectly Competative labor market) 11. Mono C, advertising 10. Oligopolies like colluding 9. Monopolies, overcharging 8. No profit, firms entering 7. Fixed Resource, MP falling (Law of Diminishing Marginal Returns) 6. Average costs not kissing (ATC and AVC get closser and closer) 5. MR equals MC 4. Price doesnt shift the curve 3. Demand goes BEEP BOOP BOOP (Law of Demand) 2. Cheesy to Cheesy (Law of increasing Opportunity Cost) 1. The concept of scarcity\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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0:33
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2009
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, microeconomics
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Additional Tags

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ap, econ, sing, along, class, review, concepts, activitiy, fun, micro
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Econ Song #5: The 12 Key Concepts\" href=\"/subscription/new\">\"Econ\n\n
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