Just the Facts: The Emergence of Modern America: The Depression uses fascinating historical footage to explore six decades that shaped modern America. The series examines the Gilded Age in the late 19th century, the Progressive Era of...

For better or worse, health insurance in the United States is largely furnished by employers. One of the worse aspects of employer funded health care is that people may be less likely to change jobs, or to start a business.

In this video, the topic of short-run costs is explored, specifically the distinction between short run and long run and its implications on costs. The video explains the specific definitions applied by economists to time frames,...

In this video, the topic of immobility is explained, specifically, factor immobility and its effects on market failure. The concept of production and the allocation of resources are introduced, and then the video delves into different...

One of the few things that both Donald trump and Hilary Clinton seemed to agree on is that high out-of-pocket spending, specifically as it relates to the Affordable Care Act, is a problem. One of Clinton's most popular health care...

Frederick Taylor's Scientific Management Theory is a motivational theory which looks at output and productivity purely from a Management perspective. It explains Taylor's perspective on efficiency and productivity. This video continues...

Mr. Clifford's 60 second explanation of the differences between a perfectly competitive product market and a perfectly competitive resource market. Notice that the firms both have a horizontal curve but in the product market it is demand...

Mr. Clifford's 60 second explanation of how to draw a perfectly competitive labor market and firm hiring workers. Notice that the perfectly elastic (horizontal) curve is now supply.

Mayan Garden, Mexico part 2/2: This video explores the sustainable agricultural practices of the Mayan descendants in Central America, specifically their use of the Milpas system to grow crops like corn, beans, and squash. It also...

Two points. First, politicians shouldn't make economically unrealistic promises. A single-payer health care system would be nice, so would free college education, lower taxes, paid maternity, a balanced budget, services for senior...

The video discusses how businesses can encourage innovation within their organizations. It presents four main approaches to achieve this goal: Kaizen, team collaboration, benchmarking, and entrepreneurship. The video also highlights the...

​Competition and conflict are intrinsic features of modern societies, inequality is persistent, and booms and busts are recurrent outcomes throughout capitalist history. State intervention modifies these patterns but does not abolish...

Yesterday the US supreme court made a major ruling in favour of LGBTQ+ rights. The decision was good news for activists, but it also represented a major surprise, with two conservatives justices siding with the four more liberal judges...

Medicare for All, which would extend health coverage to all Americans, has been a hot topic of debate in recent years. Researchers have looked into the many ways that a switch to Medicare for All might change our lives, and one of those...

People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of...

The video talks about different motivational theories that businesses can use to increase the motivation and productivity of their workforce. It discusses four main individual studies conducted over time, starting with Taylor's theory...

In this video, the presenter explains the fundamentals of labor markets and how economists study them. They discuss the downward sloping labor demand curve, and how higher wage rates cause firms to demand fewer workers. They also explain...

Workers appreciate the flexibility of the gig economy, but isolation, long hours and performance assessment by an algorithm are contributing to mental health problems.

This video is a tutorial on the topics of economic rent and transfer earnings in labor markets. It starts with defining these two terms and explaining their differences, using examples and diagrams to illustrate the concepts. The video...

Professor Marlene Kim provided a riveting picture, via her personal family history of the exploitation of the Asian-American working-class in California. She challenged the invisibility of Asian-Americans in discussions of race in...

The video is a lecture focused on Frederick Taylor's motivational theory, which is the first of four main motivational theories. The lecturer discusses the importance of motivation in the workplace and its connection to individual...

Mr. Clifford's 60 second explanation of how to calculate Marginal Revenue Product (MRP) and Marginal Resource Cost (MRC). Remember that you hire workers where MRP = MRC to maximize profit.

Which economy was best for the country's future? The industrial economy of the North? Or the plantation system of the South? The stage was set for a financial fracas that would lead to the deadliest war in US history.

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.