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The nearly 10 million people in the city and county of Los Angeles, California require a lot of water -- most of which is imported snow melt from the Eastern Sierra Nevadas and Rocky Mountains, hundreds of miles away. UCLA researchers...

Piero Sraffa's classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical...

This video explains the function of the price mechanism in ensuring equilibrium in markets. The video describes the three main functions of prices; incentive function, rationing function, and signaling function.

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...

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

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.

The video discusses the role of prices in a market economy and how they serve three main functions: rationing goods, providing incentives to economic agents, and signaling the state of a market. It explains how the price mechanism works...

The video provides an introduction to the concept of cash flow and its significance for businesses. The presenter explains how cash flow is different from profit and revenue, and how it relates to the inflows and outflows of cash into...

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!

In this video I explain what a bank balance sheet is and help you practice calculating the reserve ratio, the required reserves, the excess reserves, and the total change in the money supply. Remember that the total change in the money...

This video is about individual supply curves and market supply curves in the context of economics. It explains how each firm within an industry decides on how much of a given product they want to produce and sell at different prices, and...

The world's population is growing and the demand for protein is rising. Heiða Helgadóttir, CEO of Icelandic startup Niceland Seafood, and AquaBounty Technologies CEO Sylvia Wulf discuss sustainable fishing with WSJ's Joanna Chung.

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...

Hey econ students! This summary video covers microeconomics Unit 2: Supply and Demand. It covers demand, supply, elasticity, disequilibrium, equilibrium, shifts, taxes, and internations trade. Be sure to print and fill out the Unit 2...

In this video session, we will explore a couple of Spark actions.
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This clip is from the chapter "RDD Crash Course" of the series "Apache Spark 3 for Data Engineering and Analytics with Python".This section primarily focuses...

By not addressing inclusivity, we are losing entire generations of new minds. MIT Economist John Van Reenan describes this in his research as the "lost Einstein" effect, and argues that to get innovation back on track we need to do a...

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

Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility...

This video provides a recap on how markets operate and work. It explains the concept of demand and supply, and how the interaction of these two elements determines the equilibrium price and quantity of a product or service. The video...

Supplying almost three million soldiers with the food, clothes and resources they needed to fight the Civil War was no easy task. So which side proved most successful?

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

The Micro Unit 1 Summary video is designed to help you understand economics. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show...

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