Mr. Clifford's explanation of the three stages of the short run aggregate supply curve: Keynesian, Intermediate, and Classical.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of production and the law of diminishing marginal returns. The bonus round shows the graph for total product and marginal product as well as the three stages of production.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explanation of how to calculate per unit opportunity cost and comparative advantage. There are two different types of questions: output and Input.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explanation of inflationary and recessionary gaps. Be sure to watch the bonus round which includes an overview of fiscal and monetary policy. Please keep in mind that these video lessons arenot designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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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. The long run Phillips curve shows that the natural rate of unemployment is not affected by inflation. Please keep in mind that these video lessons arenot designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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www.acdcleadership.com You wanted it, you got it! New study guides for understanding the essential graphs and concepts of AP Micro and Macroeconomics. To learn more and to order your study guides visit www.acdcleadership.com

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Mr. Clifford's 60 second explanation of double shifts in demand and supply. Don't forget that either price or quantity will be indeterminate.Please keep in mind that these clips are not designed to teach you the key concpets. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explanation of aggregate demand, aggregate supply, and long run aggregate supply. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like wages) to adjust when there is a change in price level. These video lessons arenot designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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The best way to learn something is to do it! Here is another experiencial learning activity for economics that you can do with your students. It will help your students understand and explain the difference between the four market structures. ACDC is Mr. Clifford's teaching philospohy: Active Learning Cooperative Learning Discovery Learning Community

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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 structural unemployment. Please keep in mind that these video lessons arenot designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of comparative advantage and identifying who should specialize.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of perfect competition in the short run with a firm making profit. The firm is a price taker and price is set by the market at $10. Don't forget to pause during the bonus round and calculate TR, TC, and profit. Peasekeep in mind that these clips are not designed to teach you the key concpets. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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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.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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www.acdcleadership.com The best way to prepare for teaching an AP Economics class is to attend a College Board endorsed workshop or summer institute. What if you can't attend a specific workshop but you really want the digital resources? This resource DVD-ROM is exactly what you are looking for. It covers all the concepts for AP Micro and AP Macro and includes all the powerpoints (macro sample), assignments, quizzes, hands-on activities, and worksheets that you need to create and exciting and fun AP class. As a bonus, I have included over 50 video review lesson (as seen on YouTube) that cover the key concepts and graphs of AP Econ. For details and samples, visit: www.acdcleadership.com

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My name is Jacob Clifford and I am an AP Economics teacher and College Board Consultant from San Diego, CA. I lead one-day workshops and week-long summer institutes. Last summer I put a video camera in the hallway and asked the participants if they wanted to share anything about their experience. The responses were kind and humbling. I'm very glad that they got so much out of it. If you teach AP Economics, you should think about attending an AP Summer Institute. If you are interested in getting the digital resources I give out at my workshop, please visit www.acdcleadership.com

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Mr. Clifford's 60 second explanation of how to draw a monopoly making a profit. Remember to produce at MR = MC at charge a price up to the demand curve.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of oligopolies and game theory. Understanding how to read the chart is the first step. The numbers in the left of each square are for the firm on the left. The numbers on the right are for the firm on the top. Learn how to identify the dominant strategy with this video and then practice on the next video.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning

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This is a head-to-head activity between platoons (AP classes) competing in AP Boot Camp. We did this activity to create excitement and promote team unity. AP Boot Camp is an exciting hands-on skills development program where students practice the skills required for success in Advanced Placement courses. AP Boot Camp is not content specific, but rather, focuses on developing five essential skills required in all courses: teamwork, communication, organization, reading, and problem solving. To go with the military boot camp theme, student divide into platoons and compete in interactive skills events that allows them to apply each of the skills. Each event includes specific hands-on experiential learning activities where students reflect upon their performance, discuss how they can improve, and set goals for the future. For more information about skill-building boot camps visit www.apbootcamp.com

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Mr. Clifford's 60 second explanation of how to draw and excise tax (a per unit taxes on producers). You calculate the tax revenue, spending by consumers and revenue to firms. The bonus round shows shows what happens to consumer's surplus and producer's surplus and explains dead weight loss.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community Q: Why is he dressed like a pirate? A: Why not

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This is the second head-to-head activity between platoons (AP classes) competing in AP Boot Camp. We did this activity to create excitement and promote team unity. AP Boot Camp is an exciting hands-on skills development program where students practice the skills required for success in Advanced Placement courses. AP Boot Camp is not content specific, but rather, focuses on developing five essential skills required in all courses: teamwork, communication, organization, reading, and problem solving. To go with the military boot camp theme, student divide into platoons and compete in interactive skills events that allows them to apply each of the skills. Each event includes specific hands-on experiential learning activities where students reflect upon their performance, discuss how they can improve, and set goals for the future. For more information about skill-building boot camps visit www.apbootcamp.com

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Mr. Clifford's 60 second explanation of price floors and price ceilings. Remember that a floor only has an effect if it is above equilibrium and that a ceiling needs to be below equilibrium.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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This is a music video created by a few of my students from the class of 2009. I think it is one of the best AP Economics music video ever. Now they are off in college. BTW: "Econa Bin Laden" was their class's team name.

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This videos uses the Circular Flow Model to explain the big picture ideas of AP microeconomics and macroeconomics. Click on the links to watch Unit playlists and review specific concepts.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of all the key concepts on a monopoly graph. Try pausing the video and seeing if you know how to show all the concepts on the graph.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of 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.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of how to identify the consumer and producer surplus on the monopoly graph. Notice that monopolies charge a higher price and produce a lower output than perfectly competitive markets. Since monopolies are inefficient they also have dead weight loss.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of the labor market for cooks and the affects of minimum wage. Remember that the firms are now demanding and individuals supply.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of non-colluding oligopolies and the kinked demand curve model. Remember that if you raise your price your demand will be elastic and if you lower your price demand will be inelastic.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explanation of 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 help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of perfect competition in the long run. The firm starts in the short run making profit and then firms enter driving the price down. The firm ends up in long-run equilibrium.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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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 other is the marginal social benefit (MSB) which includes the additional benefits to society.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of how to identify the dominant strategy with game theory payoff matrix. The numbers in the left of each square are for the firm on the left. The numbers on the right are for the firm on the top. Peasekeep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of utility maximization including how to calculate utility per dollar.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of how to use the profit maximizing rule (MR = MC). Assume the firm is perfectly competitive and that the price is $20. Try pausing the video and identifying how much the firm should make and the profit they will make.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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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 key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of Constant and Increasing Opportunity Cost.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explanation of how to calculate CPI for different base years. Make sure to try it on your own in the bonus round.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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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.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community Q: Why is he dressed like a pirate? A: Why not?

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Mr. Clifford's 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.PLease keep in mind that these clips are not designed to teach you the key concpets. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philospohy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of how to draw monopolisticly competitive firm in long run equilibrium. Remember that ATC must hit the demand curve at the "sweet spot". In the bonus round learn why the firm is not efficient and identify something called excess capacity.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal social cost (MSC) which includes the additional costs to society.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explains how to draw a perfectly price disciminating monopoly. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of consumer's surplus (CS) and producer's surplus (PS) and how to identify where it is on the graph. The bonus round shows how a price ceiling changes CS and PS and results in dead weight loss.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community Q: Why is he dressed like a pirate? A: Why not

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Mr. Clifford's 60 second explanation of how to calculate Marginal Revenue Product (MRP) and Marginal Resource Cost (MRC). Remember that you hire workers where MRP = MRC to maximize profit.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation of disequilibrium, surplus, and shortage.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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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.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 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 wrong with the incorrect graphs.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's explanation of dead weight loss (aka. efficiency loss). Watch the bonus round to see multiple examples of dead weight loss.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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Mr. Clifford's 60 second explanation why the MR curve is less than the demand for all imperfectly competitive firms (except for price discriminating monopolies). Keep in mind that a monopoly must lower the price of all units to sell more so the additional revenue they get is the price minus the revenue they could have made by selling previous units at a higher price. Just watch the video. It will make sense.Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community

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