So today Craig is going to look at political ideology in America. We're going to focus on liberals and conservatives and talk about the influencers of both of these viewpoints. Now, it's important to remember that political ideologies...

Just like many great duos throughout history, Bulgaria and Germany have a fascinating (though uneven) relationship. In today’s episode, we’re going to take a closer look at the impact of politics on economies as we trace this history of...

Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that consumers want, and that society needs. Today...

In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned...

This video explores the concept of tariffs as a tool for economic development, focusing on the historical use of tariffs in the United States. It discusses how tariffs were initially used to protect and foster domestic industries,...

Nobel Prize–winning economist Milton Friedman explains the power of the free market using the “pencil” analogy—inspired by the original 1958 essay I, Pencil by Leonard E. Read.

Most would equate “vintage” to “second hand,” but not the Okamoto brothers, founders of vintage eyewear shop Solakzade. When it comes to vintage pieces, the brothers Okamoto only sell unused, dead-stock eyewear - more than 10,000 frames...

Different economic systems have been developed to meet the needs and wants of the citizens of a country or society. These systems have distinct advantages and downsides for producers, consumers, and governments.

For the last 10 days Extinction Rebellion has blocked roads, railways and bridges in a campaign of peaceful civil disobedience. Now that the period of action has wound down, Owen Jones asks some of the organisers what they have achieved,...

Different economic systems have been developed to meet the needs and wants of the citizens of a country or society. These systems have distinct advantages and downsides for producers, consumers, and governments.

The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

In this video I reviews all of MICROeconomics in 19 minutes. (Note- I used the same intro from the macro video since Unit 1 is the same, but this definitely covers MICRO).

In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...

Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the...

This is a supply and demand activity that explain how the equalibrium price is created and changed.

​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...

It turns out, hospital and health system consolidations can result in worse outcomes for patients. These mergers reduce competition, and it turns out that hospitals compete more often on quality than they do on prices. The result is that...

This video discusses the concept of government failure and why it occurs in certain situations where a government intervention has a harmful effect on society's welfare despite being intended to improve it. The video provides examples of...

Should we end pollution? Could we even if we wanted to? Mr. Clifford explains marginal social cost, externalities and the role of the government. Don't forget to watch the very end.

Canada has long received credit for its economic turnaround under the stewardship of Paul Martin, the country’s former prime minister and finance minister.



In general, Martin has received justifiable plaudits...

In INET's full interview with Ha-Joon Chang, he discusses some ideas that seem contrary to traditional thinking in economics, such as free trade does not necessarily make countries richer, and that there is no such thing as a free...

This is a music video created by a few of my students from the class of 2009. I think it is one of the best AP Economics music videos ever. Now they are off in college. BTW: "Econa Bin Laden" was their class's team name.

The panelists discuss large complex financial institutions at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Andrew Sheng, Chief Adviser at the China Banking Regulatory Commission. The other panelists...

My thoughts and reflections after visiting Xiamen, China in March 2014. Please note that this is not designed to be a comprehensive overview of the Chinese economic system. Many important facts were omitted.



Most of the...