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

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

In this video I explain how changes in taxation are different than changes in government spending. Keep in mind that tax cuts have less of an effect on AD than increasing spending since people save a portion of a tax cut. Thanks for...

This is videos has 7 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics.

Hey, thanks for watching. In this episode I explain the limitations of GDP and why it's not the best way to measure standard of living. I talk about GDP per capita, income inequality, the environment, and the shadow economy. Just to...

Most students today have probably never heard of one of the economist that Paul Krugman, called “possibly the most brilliant communicator of economic ideas to the general public that ever lived.” Milton Friedman won the Nobel prize in...

In this video I explain of how to calculate CPI for different base years. Make sure to try it on your own in the bonus round.

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

Mr. Clifford's explanation of frictional, structural, and cyclical unemployment and the natural rate of unemployment. Remember that "full employment" is not 0% unemployment. Even a normal health economy will experience frictional and...

Check out my new and improved AP® Economics Teacher Resources (2015).

This is a 13 question practice quiz for Macroeconomics and Microeconomics Unit 1. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link next to each question to...

A great music video from students in the middle east.

In this episode I overanalyze Marvel's Captain America: The First Avenger. I discuss the field of developmental economics and explain how Steve Rodgers can be seen as a metaphor for the world's underdeveloped countries.

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.

My 60 second explanation of the shut down rule. When the price falls below AVC a firm should shut down and produce nothing. It is better for them to take their fixed costs as a loss then to continue to produce.

My 60 second explanation of how to draw a perfect competitive firm making a profit. This is a great way to see if you really understand the graphs. Identify which one of the four graphs is drawn correctly. Be sure to identify what is...

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...

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...

Here are 20 economics jokes for you to enjoy. I found some of them on the interent and some I wrote myself. Let me know in the comments which ones are your favorite. By the way, if you actually get all these jokes you really know your...

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...

Some practice question videos are reserved for students that support ACDC Econ and purchase Ultimate Review Packet. The complete version of this video (and a bunch other hidden videos) comes with the packet. By the way, YouTube ad...

Should we end pollution? Could we even if we wanted to? Mr. Clifford explains marginal social cost, externalities and the role of the government. Don't forget to watch the very end.