Congratulations on completing your macro class. Group hug! But before you leave, make sure that you understand how the key graphs relate to each other. In this video I explain three things: 1.how the business cycle, production...

Hey econ students!

In this video I explain the difference between nominal and real interest rates. Be sure to be able to calculate them. Thanks for watching.

In this video I explain how to connect the supply and demand for money to aggregate demand and supply.

In this video I explain the relationship between marginal product and marginal cost. The bonus round explains a numeric example that shows that MP and MC are mirror images of each other.

NO DESCRIPTION

What's considered the worst video game of all time? In this video I explain how that game helped crash a multibillion dollar industry and changed video games forever. It all comes down to supply and demand. What's you favorite old school...

A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in price. Price Doesn't shift the curve.

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

Mr. Clifford's 60 second explanation of the four per unit costs curves (MC, AVC, AFC, and ATC). The bonus round shows how you use the graphs to calculate TC, VC, and FC.

In this video I overview fiscal and monetary policy and how the economy adjust in the long run. Keep in mind that fiscal and monetary policy shift aggregate demand while waiting for the economy to adjust is a shift in aggregate supply....

If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative...

In this video I show you the business cycle and talk about how economists predict recessions. It turns out that they aren’t even that good at it. Remember, if someone tells you that they know for sure that there is going to be a...

In this video. I explain the most important graph in most introductory macroeconomics courses- the aggregate demand model. In this video I cover aggregate demand (AD), aggregate supply (AS), and the long run aggregate supply (LRAS). Make...

Mr. Clifford's 60 second explanation of the total revenue tests. It shows what happens to total revenue when price changes for products with inelastic or elastic demand.

In this video I explain the three stages of the short run aggregate supply curve: Keynesian, Intermediate, and Classical.

I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns

Hey econ students. This is Jacob Clifford. In this episode of EconMovies, I use Anchorman to explain marginal benefit, marginal cost, efficiency, and externalities.

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

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

In this video I explain the difference between nominal and real GDP. Don't forget that Real GDP is adjusted for inflation.

In economics, the way you introduce a concept will make or break a lesson. I try to avoid using the boring examples is the textbook. Here is a quick example of how I introduce the concept of externalities using AXE body spray.

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

In this video I explain the reserve requirement, the money multiplier, and how money is created. Try it on your own. Good luck!