In part 4 of INET's interview with Giovanni Dosi, he says that the pharmaceutical industry systematically takes advantage of the public by taking the fruits of government-sponsored research and then substantially marking up its...

America’s economic system has failed by not raising living standards for most.



Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if...

The Milton Bradley corporation produced some of the most memorable family-friendly board games in history, like Operation, Candy Land, and Chutes and Ladders, before being purchased by Hasbro. Their games aren't as innocent and carefree...

Here's some vocabulary that we usually learn as children in our native language(s), but that we often don't learn in foreign languages... I hope you enjoy this little lesson on English vocabulary for board games.



The...

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.

Thank you to all the students and teachers that participated.

Venezuela. Once the richest country in all of Latin America, it is now home to the single greatest economic downturn for a country in modern history. In terms of countries that had it easy, Venezuela, by all counts, should be at the...

Antitrust lawa is made of a several major Acts passed at various times in US History. One of the most notable bodies of US Antitrust law is the Clayton Act. This video explains what is the Clayton Act. It also explores how does the...

This video provides an overview of antitrust laws and their purpose in promoting competition among suppliers of goods and services in the United States. The video emphasizes the historical context, as well as the economic benefits of...

My 60 second explanation of how to identify the consumer and producer surplus on the monopoly graph. Notice that monopolies charge a higher price and produce a lower output than perfectly competitive markets. Since monopolies are...

My explanation of deadweight loss (aka. efficiency loss). Watch the bonus round to see multiple examples of dead weight loss. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review...

Antitrust Law (Intro)

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

We've all played the board game monopoly. Perhaps surprisingly, this is a pretty good introduction regarding the concept of a monopoly in economics. This is a situation when a single seller dominates a market. How do monopolies come...

What is the Sherman Act?

Anatole Kaletsky, Principal Economic Commentator Times of London, in introduction of a distinguished panel at the INET Inaugural Conference talks about the economic crisis as a failure of ideas and underscores need for new economic...

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Each year students at San Pasqual High School create music videos that include key concepts form AP microeconomics. The students choose their own groups and topics. They have one week and two weekends to create the video.

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...

I just found out that John Green is looking for a economics educator to help out with a project. I made this video to introduce myself and hopefully get his attention.

Here is my 60 second explanation of regulating monopolies. The government can regulate at socially optimal quantity (D = MC) to get them to produce the allocatively efficient output or they can get them to produce at fair return (D=ATC)...

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.

This video shows a creative and entertaining way of teaching economics concepts. The speaker uses rap lyrics to explain various economic terms and principles such as scarcity, monopoly, price discrimination, allocative efficiency, and...