Crash Course
World War II Part 2 - The Homefront Crash Course US History
In which John Green teaches you about World War 2, as it was lived on the home front. You'll learn about how the war changed the country as a whole, and changed how Americans thought about their country. John talks about the government...
Crash Course
Macroeconomics: Crash Course Economics
This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you...
ACDC Leadership
Key Graphs of AP Macroeconomics
It's time to review the 5 key graphs of macroeconomics. Make sure to watch the videos explaining each graph.
ACDC Leadership
Macroeconomics- Everything You Need to Know
*Note* At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal...
ACDC Leadership
Macroeconomics Practice Exam #1 Answers
The Ultimate Review Packet has 2 Macro exams and 2 Micro Exmas. In this video I go over the answers to all 60 of the multiple choice questions on the first practice AP MACRO exam.
ACDC Leadership
Are you faster than Clifford? Macro Edition
Can you draw the graphs of macroeconomics faster than me? Also, share this video with your teacher and see if he or she can beat my best times. Here are my times: 14 seconds- AD/AS showing recessionary gap 21 seconds- Money market with...
ACDC Leadership
Macro Unit 2 Summary (Old Version)- Measuring the Economy
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate...
ACDC Leadership
Macro 3.4- The Phillips Curve (Short and Long Run)AP Economics
Mr. Clifford's explanation of the short run and long run Phillips curves. In the short run, there is a negative relationship between inflation and unemployment. In the long run, there is no trade-off between inflation and unemployment....
ACDC Leadership
Macro Unit 2 Summary (New Version)- Measuring the Economy
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary (new version). This unit is about measuring the economy and covers topics like GDP (2:17), unemployment (8:16), inflation/CPI (12:47), the business cycle (19:55).
ACDC Leadership
Review Activity- What's Wrong with this Picture?
This activity is designed to help you master the key graphs of macroeconomics or microeconomics. If you can spot what’s wrong with each graph you will be less likely to make those mistakes. The handout for the activity is free and is...
ACDC Leadership
Macro 3.1 AD, AS, and LRAS (Additional Version)
This is an old video where I explain aggregate demand, aggregate supply, and long run aggregate supply. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like...
ACDC Leadership
Macro Unit 2- Practice Questions #1
This is videos has 11 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link...
ACDC Leadership
(Old Version) Macro 2.3- Unemployment and Natural Rate of Unemployment- AP Macro
Mr. Clifford's explanation of frictional, structural, and cyclical unemployment and the natural rate of unemployment. Remember that "full employment" is not 0% unemployment. Even a normal health economy will experience frictional and...
Institute for New Economic Thinking
Bill Mitchell: Demystifying Modern Monetary Theory
In a challenge to conventional views on modern monetary and fiscal policy, Professor Bill Mitchell of Newcastle University in Australia has emerged as one of the foremost exponents of Modern Monetary Theory (MMT), a heterodox challenge...
Institute for New Economic Thinking
Pavlina Tcherneva - Bottom Up Fiscal Policy: Direct Employment of the Unemployed
To cure unemployment, mostly we prime the pump: we devise fiscal strategies on the presumption that jobs follow economic growth. But the strategies have not worked, unemployment remains high. That is why Pavlina Tcherneva studies...
Curated Video
Understanding Supply Side Policies: Interventionist and Free Market Approaches
The video discusses supply-side policies and their aim to increase the quantity and quality of an economy's factors of production. The two forms of supply-side policies are interventionist and free market policies, and examples of each...
ACDC Leadership
Macro 3.12- Economic Growth
Mr. Clifford explains how to show economic growth on the aggregate demand and supply model. LRAS shifts when there is a change in the quantity of resources, technology, or productivity.
ACDC Leadership
Graphing Practice- AD/AS and the Phillips Curve
In this video I explain how to show recession and inflation on four different models: AD and AS, Phillips Curve, PPC, and Business Cycle. Enjoy!
ACDC Leadership
Economic Growth and LRAS- Macro Topic 5.6
In this video I show how LRAS can shift causing economic growth. Keep in mind that a changing in consumption or government spending doesn't lead to more output in the long run if there is not an increase in capital. To permanently...
Curated Video
Long Run Aggregate Supply Curve and Factors Affecting it
In this video, the speaker discusses the long run aggregate supply curve and its differences from the short run curve. He also explains the concept of full employment and how it is related to the capacity of the economy, and how changes...
Institute for New Economic Thinking
L. Randall Wray: Time for a New Approach for Unemployment?
More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of "waste" in economic theory. Is there a better approach? A number of scholars, notably Professor Randy...
Institute for New Economic Thinking
Why We Need a Federal Jobs Guarantee
13 million people looking for living wage work is not a “full employment” economy. Why should the federal government adopt a jobs guarantee? Just ask the 13 million Americans looking for living wage work. That’s what Pavlina Tcherneva,...
ACDC Leadership
The Phillips Curve (Macro Review) - Macro Topic 5.2
In this video I explain the Phillips Curve and the relationship between inflation and unemploymnet. Remeber that there are two curves the long run curve and the short run curve. Thanks for watching.
The Wall Street Journal
What Deficit?
Modern Monetary Theory, or MMT, suggests the government can spend as much as it needs to fund ambitious programs such as infrastructure or clean energy, and still pay the bill. Learn how MMT would work and why it is gaining traction in...