It's time to review the 5 key graphs of macroeconomics. Make sure to watch the videos explaining each graph.

*Note* At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal...

The Ultimate Review Packet has 2 Macro exams and 2 Micro Exmas. In this video I go over the answers to all 60 of the multiple choice questions on the first practice AP MACRO exam.

The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

Can you draw the graphs of macroeconomics faster than me? Also, share this video with your teacher and see if he or she can beat my best times. Here are my times:



14 seconds- AD/AS showing recess
ionary gap
21 seconds-...

This is an awesome demand and supply activity that teachers equilibrium, shortage, surplus, and shifts in demand and supply.

Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate...

In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit.

In this video I reviews all of MICROeconomics in 19 minutes. (Note- I used the same intro from the macro video since Unit 1 is the same, but this definitely covers MICRO).

In this episode of EconMovies, I use Indiana Jones to explain the concepts of demand, supply, equilibrium, and shifting these curves. Good luck studying economics. Snakes? Why did it have to be snakes?!

The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

Can you draw the graphs of microeconomics faster than me? Also, share this video with your teacher and see if he or she can beat my best times. Here are my times:



15 seconds- Natural monopoly regulated at sociall
y...

Mr. Clifford's explanation of the short run and long run Phillips curves. In the short run, there is a negative relationship between inflation and unemployment. In the long run, there is no trade-off between inflation and unemployment....

In this video I explain supply, the law of supply, the shifters of the supply curve, equilibrium, surplus, and shortage. Make sure to draw the graphs on your own.

Hey macroeconomics students! In this video I explain the three functions of money, how economists classify money, the difference between stocks and bonds, and the relationship between interest rates and bond prices. I know it’s heavy on...

Mr. Clifford's explanation of the Law of Demand and the Law of Supply. He also shows why demand curves are downward sloping and supply curves are upward sloping. Please keep in mind that these clips are not designed to teach you the...

Thank you so muych for watching my videos. In this video I explore some arguments regarding why economics makes people selfish. I inlcuded several artciles about the subject below. Please feel free to read them over and let me know if...

In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...

Mr. Clifford's 60 second explanation of the differences between a perfectly competitive product market and a perfectly competitive resource market. Notice that the firms both have a horizontal curve but in the product market it is demand...

This is a great activity to simulate the labor market and show how a business decides how many workers to hire. Watch the video and see if you can figure out the following: 1. How many workers should be hired to maximize profit? 2. What...

Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary (new version). This unit is about measuring the economy and covers topics like GDP (2:17), unemployment (8:16), inflation/CPI (12:47), the business cycle (19:55).

Mr. Clifford's 60 second explanation of how to draw a perfectly competitive labor market and firm hiring workers. Notice that the perfectly elastic (horizontal) curve is now supply.

Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the...

Twas the week before Christmas, and in every class Each student with finals prayed that they passed In micro the graphs were all labeled with care Showing ceilings and floors and the effect on welfare. In macro the graphs were AS and AD...