Professor Dave Explains
Changes in Supply and Demand
We just learned about supply and demand. But how do these change over time? To answer this we must learn about elasticity. For elasticity of supply we must learn about input costs as well as supply determinants like subsidies and excise...
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Micro Unit 2 Summary- Supply and Demand NEW!!!
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...
Curated Video
Understanding the UK Housing Market: Applying Supply and Demand Analysis
The video discusses the UK housing market, and how the concepts of supply and demand apply to it. The speaker explains how demand for housing is affected by interest rates, availability of mortgages, and the fact that housing is both a...
Curated Video
Understanding Price Elasticity of Demand
This video discusses the topic of elasticity, specifically the price elasticity of demand within the context of the impact of Brexit on the UK agricultural market. The video explores the concept of elasticity and how it can be used to...
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Elasticity of Demand- Micro Topic 2.3
Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching.
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Elasticity of Demand and Supply Coefficients- Micro Topic 2.4 and 2.5
In this video I explain elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to...
Curated Video
Aggregate Demand and Aggregate Supply Analysis: Exploring the Keynesian AS Curve
This is a lecture on aggregate demand and aggregate supply analysis, focusing on the Keynesian AS curve. The speaker provides examples of different impacts on the economy depending on which part of the AS curve is relevant at any given...
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Understanding Buffer Stock Schemes and the Common Agricultural Policy
This video discusses buffer stock schemes, a government intervention strategy in commodity markets. The video explains how commodity markets operate and why price volatility can create issues for producers and consumers. The concept of...
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Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5
Hey econ students! This video is an overview of elasticity. Be sure to learn and practice these concepts before you watch (see links below). I made this video to compare and contrast the four types of elasticity (price elasticity of...
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Micro Unit 2- Practice Questions #2
This video has practice multiple choice questions for microeconomics Unit 2: Demand, Supply, and Consumer Choice. I cover concepts like elasticity, welfare economics, excise taxes, and marginal utility.
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Taxes on Producers- Micro Topic 2.8
I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
Curated Video
International Factors Affecting Development in Developing Economies
The video discusses international factors that affect the rate and progress of development in a developing economy, moving away from domestic factors such as local infrastructure and institutions. The concept of terms of trade is...
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Micro Unit 6, Question 12- Tax Incidence (Excise Tax)
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
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2011 FRQ #1- Monopoly Graph
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
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Micro Unit 4, Question 3- Monopoly, Elastic Range
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Jacob Clifford
Elasticity of Demand Coefficients (Cross-Price and Income Elasticity)
What is the difference between elastic and inelastic demands? Review these concepts, as well as cross prices, elasticity of supply, and income elasticity, with your class members after taking a look at this video.