ACDC Leadership
Micro Unit 3, Question 9- Maximizing Profit (MR=MC)
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Institute for New Economic Thinking
What Happens When Economics Doesn’t Reflect the Real World?
Anwar Shaikh, Professor of Economics at the New School, explores alternatives to economic orthodoxies, and the findings of his book Capitalism: Competition, Conflict, Crises.
Curated Video
The Importance of Competition in Markets
The video discusses the importance of competition in a market economy. It explains how competition leads to more choice, better quality products, and lower prices. The video also highlights the negative effects of monopolies, including...
ACDC Leadership
Micro Unit 4 Intro- Imperfect Competition AP Economics
A quick overview of what you will cover in Unit 4 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.
Curated Video
Assessing Perfect Competition Market Structure and Efficiency
This video is a lesson on the market structure of perfect competition. The instructor explains the characteristics, efficiency results, and limitations of perfect competition. The instructor also discusses how firms may not invest much...
ACDC Leadership
Maximizing Profit Practice- Micro Topic 3.5
In this video I explain how to identify the profit maximizing quantity and calculate total revenue and profit. MR=MC is the most important concept in microeconomics. Thanks for watching.
Curated Video
Introduction to Perfect Competition and Its Assumptions
This video is an introduction to the concept of perfect competition in economics. The speaker explains the four main assumptions of perfect competition, including many buyers and sellers, perfect information, homogeneous products, and no...
Curated Video
Understanding Oligopolies: Market Structure and Outcomes
This video discusses the concept of oligopolies in market structure. The video emphasizes the high interdependency between firms in oligopoly markets and the lack of a specific theoretical explanation for how oligopolies behave. It...
Curated Video
Evaluating Economic Efficiency
This video discusses economic efficiency and its importance in achieving social welfare. The video discusses different types of efficiency such as productive efficiency, allocative efficiency, dynamic efficiency, and X-efficiency. The...
ACDC Leadership
Micro Unit 5, Question 12: Monopsony
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
Institute for New Economic Thinking
The Death of Neoliberalism [Suresh Naidu]
Market fetishists may not know it yet, but it's over.Suresh Naidu breaks down neoliberalism, and why it can no longer support itself.Produced by Matthew Kulvicki, Nick Alpha & Ryan Scammell
ACDC Leadership
Monopoly Graph Review and Practice- Micro Topic 4.2
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
ACDC Leadership
Monopolistic Competition- Short Run and Long Run- Micro 4.4
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...
ACDC Leadership
Micro Unit 3 Intro- Costs of Production and Perfect Competition
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.
Primer
Simulating Supply and Demand
Build a simulated market from scratch and see supply and demand curves emerge.
Jacob Clifford
Price Discriminating Monopoly (First Degree)
In a perfectly price discriminating monopoly, why does demand equal marginal revenue?
Jacob Clifford
Four Market Structures Simulation
Here is a fantastic resource in which you will watch as an instructor models a simulation conducted in an economics class on the four market structures (perfect competition, monopolistic competition, oligopoly, monopoly).
Federal Reserve Bank
St. Louis Fed: The Role of Self Interest and Competition in a Market Economy
Economic Lowdown Podcast Series [6:21] talks about the concepts of self-interest and competition and their importance to our understanding of the economic system.
Khan Academy
Khan Academy: Oligopolies, Duopolies, Collusion, and Cartels
Thinking about when oligopolies behave more like monopolies or perfect competitors. [8:26]
Khan Academy
Khan Academy: Perfect Competition
A video lecture describing the conditions for perfect competition. Understand that for perfect competition there has to be no barriers to entry, no advantage for existing, good price information, and many players with identical products....
Khan Academy
Khan Academy: Monopolies: Monopoly Basics
A discussion of what would happen if there were only one airline, creating a situation that would be the opposite of perfect competition.
Khan Academy
Khan Academy: Introduction to Perfect Competition
This video [8:25] explains perfect competition, a theoretical market structure in which there are many buyers and sellers, identical products (also called homogeneous products), perfect information, and no barriers to entry.
Khan Academy
Khan Academy: Perfect and Imperfect Competition
The most common forms of competition you learn about in microeconomics are perfect competition, monopolies, oligopoly, monopsony, and monopolistic competition. In this video [9:59] we briefly describe the key features of each.
Khan Academy
Khan Academy: Free Response Question (Frq) on Perfect Competition
Walkthrough the solution to a free response question (FRQ) like the ones you may see on an AP Microeconomics exam. Topics include why price equals marginal revenue (P=MR) for a perfectly competitive firm, how to draw side-by-side market...