Mr. Clifford's 60 second explanation of price floors and price ceilings. Remember that a floor only has an effect if it is above equilibrium and that a ceiling needs to be below equilibrium.

The video discusses the water crisis in Cape Town and how it affects the homeless population. It talks about how the city has closed public toilets and removed taps from public centers, leaving homeless people to rely on solidarity...

Over the last few days, Britain has been experiencing a fuel shortage with panic buyers queuing for hours to fill up their cars (further draining the pumps). So in this video we unpick what's been happening, if the UK really is short on...

Intel formally introduced its 12th-generation Alder Lake CPUs yesterday, and leaked benchmarks about the Core i9-12900HK processor suggest it outperforms Apple's new M1 Max chip. And Google's newly released Pixel 6 and Pixel 6 Pro phones...

In this video, the speaker explores various diets and their effectiveness in weight loss. They also discuss the concept of metabolic flexibility and the set point theory, which suggests that our bodies have a predetermined weight range...

Solving the Collateral Crunch

Over the last few weeks, Britain has seen a huge change in energy prices, with price increases peaking at 3000%. So in this video we break down what's happening, why prices are sky rocketing and what the government could possibly do...

Like most of the developed world, the US is current going through a housing crisis, with many unable to afford the rising prices. In this video, we break down why the crisis is so bad, what actually caused it and whether there's any...

What's up. First, thanks for watching my videos. Your rock! Second, I made this video to help you see the big picture. I cover topics like the law of demand, the law of supply, equilibrium, disequilibrium, single-shifts, and...

Gaza City has seen three wars with Israel in 10 years, and everyone expects another will come. Yet the preparations face huge obstacles: Palestinian factional tensions and a punitive blockade have caused debilitating shortages in fuel,...

What is good character? Captain America and Loki are illustrations of how to understand what it means to have good character in our own lives. The video defines character, explains what it means on two key levels, looks at good...

The chip shortage continues to strain the global supply chain, and everything from the automotive to the consumer electronic industry is feeling the pinch. Experts predict the chip shortage will continue into 2022, and different...

Many people have to wait too long to see a doctor. And it could get worse. If, as many people believe, we have a shortage of doctors in the United States, then it follows that we can fix this only by training and hiring more physicians.

In this video I explain what happens to the equilibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the third video in the playlist so make sure that you know how to draw...

Intel recently announced plans to invest $20 billion into a massive new semiconductor fabrication plant in Ohio. This announcement comes as Secretary of Commerce Gina Raimondo said the U.S. urgently needs to increase domestic chip...

One of China’s busiest ports, Yantian, blamed a Covid outbreak for stopping export operations in late May.

A drought happens when there is significantly less rainfall than usual in an area. Discover why droughts happen and what can be done to mitigate the impact of a drought.

Hey econ students. This video covers Micro Topic 2.9 and shows trade, tariffs, and quotas using supply and demand. Be sure to be able to draw and calculate consumer surplus, producer surplus, and deadweight loss. Remember that the...

Container chaos is one of the causes of the global supply chain crisis that’s causing price increases and product shortages.

The Pearl Exchange is a hands-on experiential learning activity that shows how buyers and sellers determine equilibrium price in a market. It also shows how changes in a market will lead to shortages or surpluses and result in changes in...

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...

What is economics? Yes, of course it has to do with money. But beyond the concepts that we might immediately think of, like taxes, gross domestic product, and the stock market, which belong to macroeconomics, we must also understand...

The FAA has long needed to hire 3,000 more air traffic controllers to fill vacant positions. (Scripps News)

For the last two months, Mali’s capital, Bamako, has face a growing shortage of petroleum products. Now the country’s opposition is urging the population to “open their eyes” to a regime that “seizes the nation” without protecting it.