Float it or fix it? Mr. Clifford expalins the difference between floating and fixed exchange rates and how countries peg the value of their currency to another currency.

Should you take $100 today or $200 in two years? Mr. Clifford expalins how to calculate the future value and the present value of money.

In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC.

A quick overview of what you will cover in the third 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.

"You didn't build that!" Mr. Clifford expalins the characteristics of public goods and the free rider problem

In this video I explain foreign exchange and how the value of currencies change. Remember that the trick is to remember that you supply your currency and the people in other countries demand your currency. Thanks for watching.

Hey internet! This is Jacob Clifford. In this episode I explain explicit and implicit benefits and costs. I also define utility and explain the idea of cost-benefit analysis.



The answers to the practice questions are in the...

Biodiversity is the variety of life. It can be studied on many levels, from looking at all of the 8.7 million species on our planet to a specific ecosystem like a patch of woodland. In this video we are going to look at the importance of...

Jacob Clifford gives us an insight into the economics of unemployment.

This video provides an introduction to the basics of economic activity, including key terms and definitions such as GDP, economic growth, and factors of production. It explains the relationships between these terms and how an economy can...

What are Gus Casely-Hayford's views of Africans in popular culture? How does "word", "symbol", and "song" work together and what makes them so powerful?<br/>
Africa, The Unknown History of Humankind, Part 5

Crisis after crisis has made Argentina the only nation ever to regress to developing country status. The FT provides a glimpse of daily lives overshadowed by constant economic turmoil and asks: can Argentina finally break the cycle of...

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching.

The video discusses economic growth and the factors that businesses consider when investing in international markets. The definition of economic growth is explained, along with the role of firms and businesses in generating profits...

In this video I explain economic development and the The Demographic Transition Model (DTM). Which shows how three things change over time: the birth rate, the death rate, and the total population. To give it some context, I focus on the...

In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph...

In this video I go over the Macro 2017 FRQ #2. It covers the money market graph, bond prices, and open market operations. Try the question on your own the watch the video to see how you did. Thanks for watching.

Hey econ students. I made this video to help you get ready for you AP Econ Exams.

This videos uses the Circular Flow Model to explain the big picture ideas of AP microeconomics and macroeconomics.

Hey econ student! How are you? Well, I made this video to help you practice and sharpen your skills. I go over the first FRQ in the 2017 Macro AP exam.

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand,...

Describes the current challenges and risks business are facing and offers an opportunity for professionals in this field to be successful and make a positive impact

In part 8 of INET's video interview with John Fullerton, he says that hope lies with the young: they're not as stuck in the old paradigm of perpetual growth, and more open minded to new thinking like systems science

Hey econ students! This video is an overview of elasticity. Be sure to learn and practice these concepts before you watch (see links below). I made this video to compare and contrast the four types of elasticity (price elasticity of...