Jacob Clifford
The Shut Down Rule
When prices fall below a certain point, why does that cause a shut down? Using the concept of fixed costs and losses, and by drawing on a sample graph, watch as this instructor explains the shut down rule of economics.
Jacob Clifford
Marginal Product and Marginal Cost
Help your learners get a better handle on marginal cost and product curves, and review the process of completing charts and graphs associated with this concept.
Jacob Clifford
Comparative Advantage: Econ Concepts in 60 Seconds
Walk your learners step-by-step through the process of creating a comparative advantage chart with a sample problem involving the production of cars and rice on a production possibilities curve.
Jacob Clifford
Production Possibilities Curve and Opportunity Cost
What happens when the resources used as part of a production possibilities curve are not easily adaptable to produce both goods? Watch as an economics instructor uses an example of an economy producing pizzas and robots in...
Jacob Clifford
Classical vs. Keynesian Aggregate Supply
What is the difference between the Classical and Keynesian models of economics with regard to price levels and the aggregate supply graphs?
Jacob Clifford
Economic Growth
With an increase in investment, what happens to aggregate demand, aggregate supply, and eventually, long-run aggregate supply? Here you'll find a great explanation of how greater long-run aggregate supply correlates to a wide...
Jacob Clifford
Multiplier and Spending Practice
Walk your learners through the process of how government determines to shift its spending in order to address a recessionary gap using the multiple propensity to consumer.
Jacob Clifford
Multiplier and Taxes Practice
How does the math work behind cutting taxes to close a recessionary gap? Here an economics instructor walks viewers through the step-by-step process of working with the spending multiplier to calculate changes in taxes and closing...
Jacob Clifford
Calculating the Multiplier
Watch as an instructor guides viewers through a quick practice of calculating the spending multiplier in economics, as well as reviews the implications of increased individual spending or saving on the economy.
Jacob Clifford
Multiplier Effect, MPC, and MPS
Introduce the multiplier effect to your class members and help them understand the difference between the marginal propensity to consume and save.
Jacob Clifford
Fiscal Policy: Non-Discretionary vs Discretionary
Review the difference between discretionary and non-discretionary fiscal policy, and the various types of government actions that belong in each category.
Jacob Clifford
Law of Diminishing Marginal Returns
Before delving into the concept of cost curves in your class, discuss the relationship between inputs and outputs and the law of diminishing marginal returns. Here, an instructor uses data and graphs representing friends mowing...
Jacob Clifford
The Phillips Curve (Short and Long Run)
How does one graph the Phillips curve? Here you'll find a great instructional video on how to use information and concepts from a basic aggregate supply and demand curve in order to draw the short run and long run Phillips curve.
Jacob Clifford
Inflationary and Recessionary Gaps with Fiscal and Monetary Policy
Where does the long run aggregate supply curve in graphs of an inflationary and recessionary gap? Check out this video for instruction on this process, as well as to learn about the motivations behind monetary and fiscal policy in...
Jacob Clifford
Aggregate Demand and Supply and LRAS
Learn about the "most important graph in all of macroeconomics: aggregate demand and aggregate supply". Here, an economics instructor explains how wages, resource prices, and supply are all affected within shifting aggregate curves.
Jacob Clifford
Business Cycle Unit Summary
Experience the ebb and flow of the economy with a video reviewing the fundamental concepts of the business cycle. Here you'll find an explanation of how unemployment, GDP growth, and inflation are all present in a basic graph of the...
Jacob Clifford
Intro: Measuring the Economy
Our motivation to understand and measure the economy is a relatively new, yet also incredibly vital, endeavor. Quickly review the importance of macroeconomics and the major topics it entails, including GDP, CPI, the business cycle, and...
Crash Course
The Constitution, the Articles, and Federalism
Check out this entertaining, speedy, and highly informative overview of the founding stages of the United States government. The video includes a detailed discussion of the limitations of the Articles of Confederation, the eventual...
Crash Course
The Roaring 20's
Discover the roaring and contradicting nature of the 1920s in the United States. The video provides an overview of laissez faire capitalism in the decade and the nation's dramatic increase in productivity, as well as a variety of...
Crash Course
World War II Part 1
Recap the United States' involvement in World War II, beginning with a description of how America's isolationist foreign policy had been shaped prior to the outbreak of war. The video then continues by discussing the attack on Pearl...
Bill of Rights Institute
Constitutional Principles: Separation of Powers
Why is separation of powers within a government important for protecting freedom? How does the United States Constitution organize the nation's governing bodies in order to ensure powers are limited and balanced? This video illustrates...
Jacob Clifford
Intro - Resource Markets
What happens in a market when the people who are demanding are not consumers, but businesses? Here is a brief video in which an economics instructor introduces his unit on the resource market, explaining how individuals supply...
Jacob Clifford
Intro: Basic Economic Concepts
Before delving into the bank of instructional videos that this economics instructor has to offer, check out an introductory video in which he offers a quick overview of the topics he will be covering in the particular unit.
Other
The Center on Congress: How a Bill Becomes Law
Video looking at how an idea for a law eventually becomes an official law. [0:56]