Emergent Order
"The Bust" - The Austrian Theory of Boom and Bust with Lawrence H. White
In the "boom and bust" of a business cycle, what takes place during a recession? What should the role of government be? Watch as an American professor of economics comments on this theory, which mixes the interview with relevant graphics...
Emergent Order
Hayek's Gift
Two economists walk into a restaurant...Here is a fun video clip that provides a small glimpse into the influential economic theories of John Maynard Keynes and Friedrich Hayek.
Emergent Order
Fight of the Century: Keynes vs. Hayek Round Two
In a witty and entertaining video, world-renowned economists John Maynard Keynes and Friedrich Hayek come to life and debate impact of government spending on the economy through the medium of a rap song and metaphor of a boxing match.
Emergent Order
"Fear the Boom" - The Austrian Theory of Boom and Bust with Lawrence H. White
Why were aggregate swings in the economy and business cycles more pronounced (i.e. "boom and bust") in heavy industries in the nineteenth century? Discover the Austrian capital theory as Friedrich Hayek elaborated it through an...
Emergent Order
Robert Skidelsky on Keynesian Economics - It's All About Spending
Get the full scoop on John Maynard Keynes and the origins of his incredible influence on macroeconomics and the role of government. British economist Robert Skidelsky offers unique insight into Keynesian economics and its fundamental...
Jacob Clifford
Externalities
What does AXE body spray have to do with externalities? Find out with this fun video, and help your young economists understand external benefits and external costs with the support of an engaging economics instructor.
Jacob Clifford
Change in Demand vs Change in Quantity Demanded
Introduce your young economists to the completely distinct concepts of change in demand versus change in quantity demanded. Like having a personal economics instructor in your own home, Mr. Clifford guides students through this...
Jacob Clifford
Aggregate Demand Practice
Enlist the support of Mr. Clifford in your lesson on aggregate demand, as the economics instructor explains what the term means and entails, illustrates the downward facing slope of aggregate demand on a graph, and guides...
Jacob Clifford
Aggregate Supply Practice
In less than three minutes, introduce your young economists to the short-run aggregate supply curve, illustrating the production of all goods in the country. The video discusses what can shift the curve on the graph to the...
Jacob Clifford
Positive Externalities
Watch as an economics instructor guides students through what happens when the free market fails to allocate an efficient quantity. He attempts in 90 seconds or less to discuss the positive externality graph and how a...
Jacob Clifford
Foreign Exchange Practice
Task your young economists with practicing how to identify who demands and supplies dollars in foreign exchanges, as well as recognizing the four shifters of the foreign exchange market and their effect in given scenarios.
Jacob Clifford
Money Supply
Mr. Clifford talks monetary policy in another one of his great macroeconomics instructional videos, which includes discussion of the three shifters of money supply: the reserve ratio, discount rate, and open market operations.
Jacob Clifford
Comparative Advantage and Terms of Trade
Introduce your young economists to the concepts of international trade and comparative advantage with Mr. Clifford, a fantastic and tech-savvy economics instructor who uses video to teach economic concepts in an engaging and...
Jacob Clifford
The Phillips Curve
How does the Phillips Curve illustrate the three different places the economy can be in? Follow along with Mr. Clifford as he explains the ins and outs of this graph, including what marks a recession and inflation, and how the curve can...
Jacob Clifford
Economic Growth
How can you use aggregate demand and supply to illustrate economic growth? Savvy economics instructor Mr. Clifford illustrates how interest rates affect aggregate demand and supply in the long and short run, and how long run...
Jacob Clifford
Foreign Exchange (FOREX)
Explain the supply and demand for different currencies using this video, in which a savvy economics instructor breaks down the macroeconomic concept of foreign exchange with graphs, illustrations, and an approachable teaching...
Jacob Clifford
Balance of Payments
Explore one of the key concepts of macroeconomics with Mr. Clifford, who guides students through understanding the exchange of goods and services between countries, imports and exports, trade deficits, and current versus financial accounts.
Jacob Clifford
Intro - FOREX and International Trade
Here is a quick introduction to a series of macroeconomics videos on international trade and foreign exchange. Mr. Clifford, economics instructor and video presenter, briefly mentions the topics he will cover in his series, such as net...
Jacob Clifford
Loanable Funds & Crowding Out
Take a closer look at the loanable funds market and the graph representing how the demand and supply for loans determines the real interest rate in an economy.
Jacob Clifford
Interest Rates: Real vs Nominal Practice
Are interest rates a good or bad thing? Explain to your young economists why the answer depends on such factors as who is buying and lending and what is the inflationary rate, and how this all ties into banking practices and general...
Jacob Clifford
Money Multiplier Practice
Now that your young economists have had an introduction to how the money multiplier affects money supply in general, use this instructional video to guide them in practicing how to calculate the change in money supply given difference...
Jacob Clifford
Money Multiplier & Reserve Requirement
What is the money multiplier, and how does it affect the total increase of money supply? Mr. Clifford explains the difference in how the money supply changes when the Federal Reserve System purchases bonds versus when an average person...
Jacob Clifford
Graphing Monetary Policy Practice
In the second half of an instructional video on graphing the money market supply graph, Mr. Clifford explains to macroeconomic students how the money market affects aggregate demand with an inflationary gap, and how the Fed reacts when...
Jacob Clifford
Monetary Policy and Aggregate Demand
Draw connections between the supply and demand for money to the total, aggregate demand for final goods and services in an economy with this instructional video. Mr. Clifford will not only explain these key economic concepts,...