Jacob Clifford
Kinked Demand Curve
Your young economists will learn about non-colluding oligopolies and how their reactions to each other are reflected on a kinked demand graph.
Jacob Clifford
Oligopolies and Game Theory
Challenge your young economists with a problem on oligopolies and game theory in which they determine two sample firms' dominant strategies and options for maintaining and lowering prices.
Jacob Clifford
Socially Optimal and Fair Return for Monopolies
How do you regulate a monopoly, and how would this be depicted on a graph? Watch a savvy economics instructor answer this question by offering detailed explanations and drawing a graph in real time.
Jacob Clifford
Intro- Imperfect Competition
Before you delve into a series of videos on microeconomics and imperfect competition, watch this video to get a general overview of the unit's key points, such as how demand in a monopoly is identified on a graph, oligopolies, and...
Jacob Clifford
Price Discriminating Monopoly (First Degree)
In a perfectly price discriminating monopoly, why does demand equal marginal revenue?
Jacob Clifford
Dead Weight Loss - Key Graphs of Microeconomics
What is dead weight loss in microeconomics, and how does it relate to efficiency in a monopoly and society as a whole? An economics instructor explains these concepts in detail in a brief five-minute video.
Jacob Clifford
Monopolistic Competition in the Long-Run
Watch as a great economics instructor illustrates a monopolistically competitive firm in long-run equilibrium on a graph, and then compares it to perfect competition.
Jacob Clifford
Game Theory Dominant Strategy Practice
Young economists practice designing game theory matrices and determining dominant strategy in firms using an instructional video by an experienced economics teacher.
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
Monopoly Dead Weight Loss Review
Young economists study the graph of monopoly depicting dead weight loss and inefficiency in comparison to a graph of a perfectly competitive market.
Jacob Clifford
Monopoly Graph Review
How do you draw a graph representing a monopoly? Watch a great economics instructor explain the process step-by-step as he includes the primary components of demand, marginal revenue, marginal cost, quantity, and price of a firm.
Jacob Clifford
Monopoly Demand and MR
Why is marginal revenue less than the demand curve for all perfectly competitive firms in a monopoly? Watch as a savvy economics instructor answers this question using graphs and detailed explanations.
Jacob Clifford
Ultimate Monopoly Review
From price and quantity to socially optimal prices and maximizing total revenue, see the needs for a monopoly charted on a graph.
Jacob Clifford
Lump Sum and Per Unit
What is the difference between a lump sum and per unit subsidy? Here, an economics instructor explains how these each affect cost curves, and more specifically marginal cost, by illustrating the concept on a whiteboard.
Jacob Clifford
Resource Market, MRP and MRC
Young economists practice calculating the number of workers a firm should hire in a perfectly competitive labor market to maximize profit, as well as the given output of a perfectly competitive product market.
Jacob Clifford
Comparing Product and Resource Markets
Your young economists will compare the product and resource markets in two perfectly competitive firms by following along with this brief tutorial by an engaging economics instructor.
Jacob Clifford
Perfectly Competitive Labor Market and Firm
What happens in a perfectly competitive labor market? Here is a video in which an economics instructor explains how workers and firms must set their wages based on the market
Jacob Clifford
Market and Minimum Wage: Econ Concepts in 60 Seconds
Watch this savvy economics instructor as he explains the direct and inverse relationships between wages and the quantity of workers demanded and supplied in a resource market.
Jacob Clifford
Intro - Costs of Production and Perfect Competition
Here is a brief introduction to the concepts covered in an economics course unit on the costs of production and perfect competition.
Jacob Clifford
Four Market Structures Simulation
Here is a fantastic resource in which you will watch as an instructor models a simulation conducted in an economics class on the four market structures (perfect competition, monopolistic competition, oligopoly, monopoly).
Jacob Clifford
MR = MC Practice
Given quantity, total cost, and a perfectly competitive firm, how much should an organization produce and what will be the profit? Watch as the concept of profit maximization is broken down and explained with real-time illustrations and...
Jacob Clifford
Cost Curves MC, ATC, AVC, and AFC
What is the concept of a cost curve, and how are they used? Watch as this instructor demonstrates and explains marginal cost curve, average total cost, average variable cost, and average fixed cost.
Jacob Clifford
Perfect Competition in the Short Run
What exactly is perfect competition, one of the four market structures, in economics?
Jacob Clifford
Perfect Competition in the Long Run
What happens in the long run when there is time for firms to enter and leave a market in perfect competition?