In this video I explain the three stages of the short run aggregate supply curve: Keynesian, Intermediate, and Classical.

I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns

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Substance abuse and addiction are terrible for addicts health, and they're really tough on family and friends. Addiction also drives up the violent crime rate, and the rate of property crime. This week on Healthcare Triage, Aaron Carroll...

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

In this video I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching

The video explains the concept of business cycle, which provides a visual representation of expansion and contraction of an economy over time. The video breaks down these economic fluctuations into four stages: growth, boom, slowdown,...

In this video I explain the reserve requirement, the money multiplier, and how money is created. Try it on your own. Good luck!

Ok. In this one I draw and explain the graph for loanable funds and crowding out.

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Learn about the concept of negative externalities and how they lead to market failure. Using a graph, the teacher demonstrates the difference between the socially optimal quantity and the quantity produced in a free market. They also...

Hey econ students! Thank you for watching my videos. I really appreciate it. In this video I quickly go over the difference between the inflation rate and the Consumer Price Index (CPI) and then give you several practice problems. Be...

This music video was written and created by Mr. Clifford. The singing was done by the very talented Gabi Cavassa from the class of 2012. It covers many of the key graphs of microeconomics. Don't forget to watch the very end. Enjoy!

Why was 1968 a big year? Also, learn what it is like to come together when everyones ideals unite. Protest, Spirit of the People, Part 5

How has African art influenced some of our great artists? What has been the biggest challenge but biggest highlight in Gus Casely-Hayfords career?<br/>
Africa, The Unknown History of Humankind, Part 6

Hey students. This video is designed to help you calculate and apply marginal utility and marginal utility per dollar. Many teachers and professors ask questions that require you to determine the utility maximizing combination with two...

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

In this video I explain how to draw a firm in monopolistic competition. Notice, the firm will make zero economic profit in the long run since there are low barriers to entry. Make sure you know how the graph changes from the short run to...

Foreign exchange practice questions.

Mr. Clifford's 60 second explanation of how to draw monopolisticly competitive firm in long run equilibrium. Remember that ATC must hit the demand curve at the "sweet spot". In the bonus round learn why the firm is not efficient and...

A quick overview of what you will cover in the sixth unit of Microeconomics. Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.

In this video I explain the market for foreign exchange and national currencies.

Individuals and countries benefit from trade. Even though it isn't very realistic, simplified examples like this will help you understand the idea of comparative advantage. Make sure that you can calculate the per unit opportunity cost...

In this video I explain how to draw a monopoly with first degree price discrimination. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph. Please keep in mind that these clips are not designed...