Curated Video
Understanding the Phillips Curve and its Role in Economic Management
The video explains the concept of the Phillips Curve and its relationship to managing economies from a demand side perspective. The video explains the history of the Phillips Curve, which was established in 1958 by AW Phillips, and how...
Healthcare Triage
Would Medicare for All Increase Your Wages?
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...
One Minute History
The Great Inflation Vertical - One Minute History
From 1965 to 1982 a macroeconomic event known as “The Great Inflation” cast a shadow on the post-World War Two Global Monetary System. During this time, inflation rose from a rate of 1% a year, to its peak in 1980, of almost 15%. Jobs...
Curated Video
Understanding Transfer Earnings and Economic Rent in Labor Markets
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...
Curated Video
Monopsony Labor Markets: Effects and Interventions
The video discusses the concept of a monopsony, which occurs when there is only one buyer in a market, such as the government in the public sector. The video explains the differences between the outcomes of a monopsony labor market and a...
Institute for New Economic Thinking
Race Has a Regional Dimension in America’s Political Economy
Stanford economic historian Professor Gavin Wright, addressing the Institute’s conference on the economics of race, argues that the conditions facing the children of the great migration from the South are very different to the conditions...
Institute for New Economic Thinking
What the ‘Dual Economy’ Model for Developing Countries Reveals About Today’s America
MIT’s Professor Peter Temin, addressing the Institute’s economics of race conference, sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis. Access to...
Healthcare Triage
If Economists Chose the Health Care System
Health economists study the economic determinants of health. They also analyze how health care resources are utilized and allocated, and how health care policies and quality of care can be improved. In this episode, we discuss what...
Curated Video
Evaluating the Impact of a Higher Minimum Wage
The video discusses the topic of labor markets, specifically the impact of a higher minimum wage on the economy. The video analyzes the factors that affect the significance of this trade-off, such as the size of cash reserves that...
ACDC Leadership
Micro Unit 2, Question 3- Shifting Supply
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Curated Video
Benefits and Costs of Inflation in Economics
The video is about the benefits and costs of inflation. The speaker talks about the different impacts of rising and steady inflation on consumption and production, real wage costs, and debt burdens. He also explains some of the costs of...
Curated Video
Managing Cash Flow for Businesses
The video discusses the importance of managing cash flow for a business and how to avoid running out of cash. The presenter explains how cash flow can be improved by hastening or increasing cash inflows, as well as delaying or decreasing...
Let's Tute
Introduction to Final Accounts of Manufacturing Concerns
In this video, the teacher introduces the concept of final accounts for manufacturing concerns. Using an example of a wooden sofa set manufacturer, the teacher explains the different expenses involved in the production process and...
ACDC Leadership
Macro 3.3- Long- Run Aggregate Supply
Mr. Clifford explains the Long Run Aggregate Supply Curve (LRAS) and the relationship between price level and output in the long run.
Let's Tute
Understanding Types of Expenses and Their Impact on Revenue
In this video, the teacher explains how expenses can also help in generating revenue. They discuss different types of expenses, including capital expenditure, revenue expenditure, and deferred revenue expenditure. The teacher also...
The Wall Street Journal
The White Working Class
You think you understand America's class warfare? Maybe not. Thoughts from the author of the most-read article in the history of the Harvard Business Review: "What So Many People Don't Get About the U.S. Working Class."
Curated Video
Introduction to Production and Factors of Production
This is a video that explains the concept of production in economics. The video introduces the idea of taking inputs, engaging in a productive process and creating outputs. The video then categorizes the factors of production into four...
Curated Video
Understanding Inflation and Deflation: Impact on Businesses and Consumers
This video lecture provides an overview of the economic phenomenon of inflation, including the factors that influence individual pricing strategies and how changes in pricing throughout an economy can lead to inflation. The lecturer also...
Institute for New Economic Thinking
Sugrue: To Understand Race and Economics in America, Study Detroit
NYU historian Professor Thomas Sugrue, addressing the Institute’s conference on race and economics, makes the case that in Detroit’s history scholars will find the story of many of America’s industrial cities. Credits: Matthew Kulvicki,...
ACDC Leadership
Long-Run Aggregate Supply, Recession, and Inflation- Macro Topic 3.4 and 3.5
In this video I explain the most important graph in your macroeconomics class. The aggregate demand and supply model. Make sure that you understand the idea of the long run aggregate supply and how to draw a recessionary gap and...
Let's Tute
Calculating Fire Insurance Claim for Loss of Stock
In this video, the teacher explains how to calculate the amount of claim to be launched with an insurance company for loss of stock due to a fire in a business. The teacher walks through the process of preparing a memorandum trading...
ACDC Leadership
Long-Run Self-Adjustment- Macro Topic 3.7
Hey econ students! In this video I expain how the economy can self-adjust in the long-run. Notice that the short-run aggregate supply is shifting when the economy self-adjusts. Also notice that the reason for the shift is a change in...
ACDC Leadership
Macro Unit 3, Question 10- Recessionary Gap and Classical Economists
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
Curated Video
Introduction to Business Costs and Expenses
The video is about understanding costs in business. The presenter explains how sales revenue is calculated and how it incurs costs for a business. The different types of costs are discussed, including fixed costs, variable costs, and...