Mr. Clifford's 60 second explanation of how to calculate Marginal Revenue Product (MRP) and Marginal Resource Cost (MRC). Remember that you hire workers where MRP = MRC to maximize profit.

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

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...

The video explores how employment laws affect the performance level, threats, and opportunities of businesses. It discusses various factors covered by employment laws, such as pay, working conditions, worker's rights and benefits, trade...

The video discusses the importance of understanding one's own strengths and weaknesses in order to effectively lead and transform a finance function. It highlights the use of SWOT analysis and personal branding in this process, and...

Firm Need in Hiring Process

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."<br/>

The Wall Street Journal's Rob Sloan and David Breg present the findings and analysis of their 2021 survey of cybersecurity professionals, which looked at topics including talent, governance and incident response readiness.

During the October 2021 WSJ Jobs Summit, Executives from JPMorgan Chase, Microsoft and Levi Strauss share what they're looking for in prospective candidates and how job seekers can set themselves a part in a crowded field.

Naomi Bowman leads Governance & Operations within HSBC's Monitor Liaison Office. In her role, she is responsible for maintaining an efficient and effective interface at all times between HSBC and its independent regulatory compliance...

In this video, experts share their advice on how to hire your first employee and build a successful team for your business. They stress the importance of finding employees with diverse skill sets and backgrounds, as well as ensuring that...

Religious Discrimination under Title VII

A new cohort of workers has made the jump from hourly positions to roles requiring technical skills but not necessarily college diplomas. What does this new type of career path mean for the future of the labor market?

Gwen's business experience intertwines periods of corporate life and self-employment. She set up Networking Culture in 1996 and works with a wide range of organisations helping them and their employees to build, nurture and leverage...

A great resource market simulation that demonstrates MRP and MRC and explains why each worker generates less revenue than previous workers. Have the students calculate the additional revenue generated by each worker to determine if they...

Julian has spent his entire working career working in information technology and turning ideas into software services or businesses at Apple, AT&T Unisource, the UK Government and as the founder of his own Internet software companies....

Ian started his career below the line at IMP working with clients such as Philips, Umbro, P&G, Orange and Ericsson. Aged 28 and with some trusted friends and colleagues, Ian launched Iris. Iris is an agency designed to leverage the...

Paul is the founder and CEO of Alquity Group. He passionately believes in a business model that sees companies interacting more closely with society to create real beneficial change, by ensuring everyone gets sufficient support to be...

Paul is the founder and CEO of Alquity Group. He passionately believes in a business model that sees companies interacting more closely with society to create real beneficial change, by ensuring everyone gets sufficient support to be...

Disparate Treatment

The #MeToo movement has sparked shifting dynamics at the office-and left plenty of men wondering about their role in fostering equality. A male CEO shares his personal mission to promote gender parity.

An acknowledged industry veteran, one of the UK's leading and most successful independent film distributors. With more than 30 years experience in UK film distribution and acquisitions, during which time he released some 550+ films such...

Mr. Clifford's 60 second explanation of the labor market for cooks and the affects of minimum wage. Remember that the firms are now demanding and individuals supply.

In This Episode, Tyler Teaches Us About Hiring Experience vs Skill