Micro Unit 1 Summary- Basic Economic Concepts (Old Version)

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  • Опубліковано 28 лис 2024

КОМЕНТАРІ • 717

  • @tanyaleung7059
    @tanyaleung7059 8 років тому +1214

    Universities should just pay this guy to guest teach the whole course , he does it all in less than a hour!

    • @amandakapinga7647
      @amandakapinga7647 7 років тому +6

      omg i cannot wait for that day

    • @Skyjy10
      @Skyjy10 7 років тому +1

      Can’t agree for no more.

    • @kekmaster4538
      @kekmaster4538 7 років тому +14

      Wait is this university level stuff?

    • @RoyClaessen
      @RoyClaessen 6 років тому +11

      this is college level stuff

    • @mariajuanesta3319
      @mariajuanesta3319 5 років тому +18

      Thats no joke, I paid top dollar for my classes and books but I only used this guy and got A's in both classes.

  • @JacobAClifford
    @JacobAClifford  9 років тому +574

    What did you think of the quick and dirty? Pretty cool huh? Let me know what you thnk

    • @tvturnt7768
      @tvturnt7768 8 років тому +23

      +ACDCLeadership Okay im going to tell all my friends i did the quick and dirty with you. lol
      by the way

    • @JacobAClifford
      @JacobAClifford  8 років тому +9

      I love the Q.A.D. :)

    • @tvturnt7768
      @tvturnt7768 8 років тому +4

      i am taking a class on transportation economics and am watching a bunch of your videos on the topics that we cover in class. Thanks.

    • @JacobAClifford
      @JacobAClifford  8 років тому +6

      You are welcome

    • @sajrobyn
      @sajrobyn 8 років тому +2

      +ACDCLeadership You are AWESOME!! I could NOT figure out comparative advantage to save my life and thanks to your awesome explanations I can do it both ways now!! HAHAHAHA!!!

  • @vanessasamarani8859
    @vanessasamarani8859 4 роки тому +27

    I’m watching this video 4 years later, an hour before my econ exam and learning more in 30 minutes than I have in a whole term. This man should get monetised big time.

  • @justniccicarter
    @justniccicarter 8 років тому +233

    I almost cried when I found you. I first saw your Crash Course stuff but this is so next level. You make this all so easy to understand. God bless you. You are doing yeoman's work. BTW, the packet is worth its weight in gold. Bless you.

  • @Phantomdirt
    @Phantomdirt 8 років тому +30

    These videos are so very informative, i'm a U.K student studying A level Economics for my exams in two months, self taught with the use of distance learning, these videos are very informative, easy to understand and explain things without sounding boring. I'm really impressed.

    • @mohanbhalla1440
      @mohanbhalla1440 7 років тому +2

      How did you do I just started economics any advice (alevel)

    • @sanaabbasi1272
      @sanaabbasi1272 5 років тому

      How important is math to study economics specially for A levels?

    • @kashyappatel7732
      @kashyappatel7732 5 років тому

      What course you are learning

    • @reasonerenlightened2456
      @reasonerenlightened2456 3 роки тому

      ======================= There is the owner and the employee. ==============
      Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself.
      The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'.
      The way forward to a better society is to increase and maintain a strong minimum purchasing power of the end-consumer using the magic formula.
      (Magic Formula: 'Your minimum Purchasing Power' = 'minimum wage' + 'Benefits payments' - 'Cost of dignified living from cradle to grave' - 'Taxes, fees, penalties')
      Firms are no more "legal entities" than your back-up power generator is a "legal entity", and it does not matter if it runs on fossil fuels or if a bunch of humans must run on treadmills all day.
      Save the minimum purchasing power of the human citizens instead of saving businesses/firms.

  • @ezracyr4932
    @ezracyr4932 7 років тому +334

    Mark Cuban is a great teacher!

  • @joonjung98
    @joonjung98 8 років тому +211

    These awesome lectures are free? Mr. Clifford, you are my life savior! (From South Korea)

    • @shubhanginegi5327
      @shubhanginegi5327 7 років тому

      Joon Jung 안녕하세요 친구😂

    • @nobody8326
      @nobody8326 6 років тому

      Translation: Hello friend😂

    • @dawitmarkos7372
      @dawitmarkos7372 5 років тому +3

      Hy man ;your life saver is Jesus Christ

    • @nnn-m2j
      @nnn-m2j 5 років тому

      한국인이다

    • @alexbonahue3322
      @alexbonahue3322 4 роки тому

      mecyyemulu lij god is dead😭🤣🤣

  • @Ari-mu6wm
    @Ari-mu6wm 8 років тому +96

    Literally the only reason i am passing Econ.

  • @omfgmedic69
    @omfgmedic69 5 років тому +3

    I see marginal utility every time I sign up for a course for university; I get more utils from buying less-expensive study materials to help me succeed in a course than actually spending $600 for a semester of sitting around, not understanding, and having to cram everything since the way teachers go about teaching this subject is unintuitive and uninspiring. My final exam is tomorrow, but I just wanted to thank you Mr.Clifford for teaching me more microeconomics with such enthusiasm and charisma in two weeks than my teacher has in three months. Shocking right? Well anyways, if anyone is on the fence for whether they should buy the packet, I'm sure the other 400+ comments will pretty much say the same thing. Exquisite work

  • @naomiwoodward1
    @naomiwoodward1 6 років тому +25

    How are you not famous?? This is some holy grail stuff. You’ve taught me more about Econ in less than a half hour than what I’ve learned in the past 2 years. And not even once did u loose my attention during the video. 🤯

  • @connieho4045
    @connieho4045 5 років тому +13

    LIFESAVER. I really didn’t understand anything being taught in my class so I went here to find a better explanation and this guy does it

  • @islamait
    @islamait 5 років тому +36

    Hello Jacob, your videos helped me to pass my economics courses for master degree (Microeconomics, Macroeconomics, and International economics). I am a university lecturer and have learned from you how to simplify the economics concepts to my students. This year, I have to teach AP Micro and Macro, Would you please recommend for me some books as well as lesson plans and activities, and answer for past papers? Do you have your own books and notes, I am interested to buy them.
    Thank you again for your amazing effort

  • @shekharsharad1428
    @shekharsharad1428 4 роки тому +1

    I am a Chartered Accountant and I just watched this video with my daughter to utilise the lockdown period, and the concept that you give is excellent. It is really commendable and you are doing a great job by providing all these for free.

  • @rachelbost3619
    @rachelbost3619 8 років тому +2

    I am a student at WGU and am in my last term before matriculating with a BS in Business Management. I have been passing your information on to anyone taking Micro and Macro. These videos have saved me! THANK YOU!

    • @melgr8s
      @melgr8s 6 років тому

      WGU!! He came highly recommended! :)

  • @joesuarez84
    @joesuarez84 8 років тому +16

    I passed my microeconomics CLEP exam because of your videos! You are gifted, are an awesome teacher!

  • @MSC5050
    @MSC5050 8 років тому +44

    I would like to start of by just saying thank you for putting your videos in order.... often an overlooked treasure!!!!

  • @midconpublications603
    @midconpublications603 7 років тому

    Mr Clifford - you are a life saver. I'm doing my first Economics unit, and whilst I have a good rough understanding of economics, my lecturer often has me confused. Your videos are awesome - all the concepts explained in a real world way. Cheers!!!

  • @asrarlovesyoutube9883
    @asrarlovesyoutube9883 8 років тому +160

    I passed my Economics exam!!! I got a A*!! Thank you sooo much!!!!1

    • @e.v4961
      @e.v4961 7 років тому +2

      Congrats!!

    • @tiimmyx7806
      @tiimmyx7806 6 років тому +1

      ASRAR LOVESUA-cam excuse me .. you passed because of seeing his videos ?

    • @tacticalsapper
      @tacticalsapper 6 років тому +16

      @@tiimmyx7806 That's not what s/he said. Many stones build a house and each of them is important, some more some less. this one seemed very much important to Asrar.

    • @Aresindian
      @Aresindian 5 років тому

      @@tiimmyx7806 yes

    • @Me-ir6we
      @Me-ir6we 5 років тому

      AP exams?

  • @mostly_water
    @mostly_water 8 років тому +123

    "Mommy, Mr. Clifford did the quick and dirty with me!"
    "Well, I've got some strong words for Mr. Clifford!"

  • @saraalvarez1914
    @saraalvarez1914 8 років тому +4

    Mr. Clifford I passed my Micro CLEP this morning thanks to your videos!! They have been my main source of studying and practice :) I take my Macro one tomorrow and I feel pretty confident. Can't thank you enough, these are my last two classes to get my degree. You Rock!

  • @alexworrall6283
    @alexworrall6283 7 років тому

    Using your videos to self study for economics. Better than any other resource on the internet, free or paid for

  • @daisydukes1401
    @daisydukes1401 7 років тому +1

    I've only watched 4 1/2 minutes so far and I know this guy is the man. Thank you. God bless you.

  • @dethswurl117
    @dethswurl117 9 років тому +520

    Mr.Clifford did the quick and dirty with me. It was exiting ;)

    • @JacobAClifford
      @JacobAClifford  9 років тому +194

      +dethswurl117 Out of context this sounds pretty bad..but the quick and dirty is still pretty awesome.

    • @dethswurl117
      @dethswurl117 9 років тому +28

      +ACDCLeadership It's very awesome

    • @kristianbell9044
      @kristianbell9044 6 років тому +11

      dethswurl117 I feel great after that quick and dirty

    • @stealths4557
      @stealths4557 6 років тому +11

      I like it when he does it quick and dirty

    • @Dreamers-63
      @Dreamers-63 5 років тому +8

      I was wondering if anyone else was going to catch that :D I understood what he meant but it was still funny

  • @mariajuanesta3319
    @mariajuanesta3319 5 років тому +2

    Just so you know... I paid 1500.00 for both my Micro and Macro class. I also paid 200.00 for the book(per class) and 100.00(semester) for their online homework/testing system. *I HAVE NOT ONCE LOOKED AT IT* I only used the online to do homework and test. I only watch your videos and I passed with a 95% and a 98%.
    My advice to everyone out there... watch this guy. Pay him, get the review packet.

  • @ABHRAN1L
    @ABHRAN1L 6 років тому +1

    Big fan of yours teaching method ! I hated economics initially, but after watching your videos economics is one of my favourite subjects and helped me to preform well in my exams without referring to textbooks. A big thank you - From India.

  • @inneruniverse17
    @inneruniverse17 7 років тому

    Not an economics students. Just decided to watch due to curiosity. Looks like I picked the right video. You make the concepts easy to grasp. You're fun and upbeat. I like that. I'll keep watching!

  • @sulaymanceesay9327
    @sulaymanceesay9327 3 роки тому

    I AM A GAMBIAN CURRENTLY STUSDYING INTERNATIONAL RELATIONS IN TURKEY WHERE AM DOING ECONS AS A COURSE . YOUR VIDEOS ON ECONS ARE WELL SUMMARISED . THAMKS FOR GIVEN US THIS ARTICULLATED VIDEO.

  • @Monique3184
    @Monique3184 8 років тому +23

    From one teacher to another, you are amazing

    • @JacobAClifford
      @JacobAClifford  8 років тому +6

      +Monique Fullbrook Thanks. I'm glad I could help.

  • @bradleymvranish5840
    @bradleymvranish5840 5 років тому +1

    This guy just gave me a free education on Economics. Thank you!

  • @Chriss.lindstrom
    @Chriss.lindstrom 5 років тому +3

    You are a blessing to the rest of us studying this. Thank you Jacob! I watch these over and over to really grasp the concepts.

  • @allisontallantmcculley1047
    @allisontallantmcculley1047 5 років тому +2

    Learned more in this small video than I did in 4 weeks in principles of micro twice a week for 75 min....

  • @tiffanyselph9281
    @tiffanyselph9281 6 років тому +1

    He saved my life! Made economics make so much more sense. Thank you Mr. Clifford

  • @mr.d8506
    @mr.d8506 8 років тому

    Mr. Clifford, I just have to thank you for all of your videos. You have helped me in my own Econ college courses and also my students that I teach in Middle School Econ. You have an amazing sense of how to make econ simple and easy to understand. You are a wonderful resource, thank you for all that you do!!!!

    • @mr.d8506
      @mr.d8506 8 років тому +2

      There are basically two choices in life: read the textbook for an hour and be confused, or watch Mr. Clifford for ten minutes and completely understand the concepts.

  • @joelopez3552
    @joelopez3552 4 роки тому

    I should become a professor for Macro/Micro economics and literally just show your videos. Easiest job ever

  • @jasp9661
    @jasp9661 5 років тому

    I start economics A Level in September, so like most people my age, I checked out a little content to get the idea of the work. I was amazed by your delivery of the topic and I am SURELY coming back here in September. You sir, have got yourself a new fan!

  • @Gwashingtoney
    @Gwashingtoney 7 років тому

    I'm so glad that I found this channel and purchased your ultimate review packet! My teacher is a monotonous shrewd jerk who is only concerned with his Water Polo team, he could care less about teaching and is literally an automaton who reads PowerPoint slides all day! Wish you were my teacher Mr. Clifford...

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    @anapaulaventura9676 7 років тому

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    @vheahe8262 4 роки тому

    I'm doing a jam-packed review for my AP tests today and I just have to say, Mr. Clifford, you're a life saver!

  • @donas007
    @donas007 8 років тому

    mate these are awesome videos, its my first time taking Macroeconomics at university via correspondents and i was battling understanding everything but then i discovered your channel. i can see light at the end of the tunnel. even got the ultimate package.

  • @fidelemighty3368
    @fidelemighty3368 7 років тому

    I have been having some issues in understanding the Economic's materials, but while I am watching this video, I understand approximately everything learned in Microeconomics. Thank you so much Sir for your help, I really appreciate it. May God bless you abundantly.

  • @antecvitkovic3672
    @antecvitkovic3672 5 років тому

    I do not even have Economy as a class, and still this man explains everything with such deep understanding so eventually I understand it. I would definitely recommend him.

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    @shannonvanrooyen2550 6 років тому

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  • @mohameda8068
    @mohameda8068 8 років тому

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  • @TRams0207
    @TRams0207 7 років тому +1

    So underrated. Should be having atleast 3 million subs with 1 million views for each video. Keep up the great work!

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    @keisokhalaki9480 6 років тому +1

    For the first time, i am starting to understand and love economics.
    Thanks a lot

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    @conniedavidescu1979 7 років тому +3

    Thank you very much for making these videos!!! I am currently taking a MicroEconomics class in College and understand absolutely nothing lol. I just bought your ultimate review packet because this is amazing!

  • @notoriousnugget3808
    @notoriousnugget3808 7 років тому +4

    respect to a true teacher, thank you

  • @arikazuma6472
    @arikazuma6472 6 років тому

    I couldn’t comprehend one word my professor said in the month of taking economics but it all clicked for me in this guy’s 30 minute video... THANK YOU. Hopefully I do well on this exam tomorrow。

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    @con_el_maestro3544 4 роки тому

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    @yolandayi38 5 років тому +1

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    @MegaSuki1234 8 років тому +141

    I feel that this is more interesting than how my teacher is teaching us

  • @harrygaul4475
    @harrygaul4475 5 років тому

    If you hadn't read any economics books this video wouldn't make any sense since it's taught at blazing speeds. It is a good quick review.

  • @erinhu2723
    @erinhu2723 5 років тому +45

    is it just me or was the finger thing hard the WHOLE time

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    @deeptysarder6797 5 років тому

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  • @pt3363
    @pt3363 6 років тому

    thank you for posting this video. I'm Japanese and my major is international economics but lerning economics in Japanese is kind of boring and I'd been looking for the way to study economics in English and I found this awesome video. even for Japanese who are weak in English, it's kind of easy to understand what you say, I guess. Thanks

  • @Yoyozworld19
    @Yoyozworld19 4 роки тому +1

    God bless you sir, my midterm is in three hours and im actually hyperventilating rn but you managed to explain everything to me in 30 minutes

  • @ifehrim2097
    @ifehrim2097 5 років тому +2

    teaching style Better than our teacher. SumUP!!!!!!!

  • @ferayebekmezci9023
    @ferayebekmezci9023 2 роки тому

    I'm an IB student who takes both micro and macro econ, however, our teacher explains everything in a really confusing way. She was talking about ppcs, unit 1, and then suddenly switched to aggregate supply and demand. So this really helps.

  • @worldaccordingtokate5410
    @worldaccordingtokate5410 8 років тому +18

    binge-watching all of your videos today for my final, thank you!!!!!!

    • @JacobAClifford
      @JacobAClifford  8 років тому +3

      +theworldaccordingto Kate You are welcome Kate. Enjoy

  • @Steel-and-Style
    @Steel-and-Style 7 років тому

    Saving my life in my college micro course. Thank the lord for these videos

  • @tianhuideng8779
    @tianhuideng8779 5 років тому

    Thank you so much, Mr. Clifford! I bought your ultimate review package and literally started studying for AP micro the weekend before the test by watching all your videos and doing the exercises. Ended up with a 5 in the test haha.

  • @lauryn6422
    @lauryn6422 8 років тому

    I'm honestly surprised that you don't have like a million subscribers, you're an amazing teacher!
    thank you so much!

  • @denden8326
    @denden8326 3 роки тому

    Just started doing micoeconomics and ur video a blessing, easy to understand and relate to.

  • @dena12319
    @dena12319 3 роки тому

    Why did I just discover this guy the day before my Econ midterm?? this is so helpful

  • @PupeNaty
    @PupeNaty 7 років тому +1

    Your classes are great. Now I can understand Econ. Thanks !

  • @farrukhradjabov2797
    @farrukhradjabov2797 7 років тому

    I am BBA student in Malaysia.It is really helps me for my subject

  • @thejayperspective9781
    @thejayperspective9781 5 років тому

    The lecturer of all economics students......we greatful Sir!

  • @sofiab5303
    @sofiab5303 8 років тому +8

    Well, I think I might pass my economics test tomorrow, thank you SO much!! (and omg bless the quick and dirty trick)

  • @jettmiller1881
    @jettmiller1881 6 років тому

    You're a great teacher Mr. Clifford! The quick and dirty is soooo sick ! Thank you.

  • @Archeantusable
    @Archeantusable 5 років тому

    After bashing my head against the long-winded and boring materials given to me by my course instructor, I studied the crap out of these videos (and bought the packet) and just passed! Thanks bromigo!

  • @augustineaboateng9707
    @augustineaboateng9707 3 роки тому

    Please slow down a little bit in your explanations. Your videos are so helpful. Thanks so much.

  • @hiraaltaf8129
    @hiraaltaf8129 5 років тому

    I've an economics exam in 2 days and looks like your videos are going to help me pass it so thank you sm

  • @audreyd7371
    @audreyd7371 8 років тому +3

    These are so well organized and straight forward! I was referred to you by my friends in CollegePlus and I'll be referring others to you as well. Thank you so much!

  • @varityow6004
    @varityow6004 4 роки тому

    Not gonna lie...
    The quick and dirty changed my life.

  • @sebastiankamairoh6041
    @sebastiankamairoh6041 3 роки тому

    So timely for me. I have a CAT tomorrow evening. I have learned so much in 30 minutes than in the past few weeks.

  • @atomohgodfred562
    @atomohgodfred562 4 роки тому

    very simple and understanding. God bless you Mr Cliford

  • @dereckcoelho959
    @dereckcoelho959 5 років тому +1

    Clifford should give lectures to professors on how to keep an audience engaged

  • @shamshirbrar7135
    @shamshirbrar7135 6 років тому

    Sir, I wouldn't have understood even a single concept with such an horrible teacher at my school.
    thanks to you , you are investing so much effort in transforming young minds. You are my real Master.

  • @Rackets_Buyers_Club
    @Rackets_Buyers_Club 7 років тому

    Just discovered these videos and this will save me! Much more in depth than your crash course videos (obviously). Just bought your packet, thank you!!!

  • @Dreamers-63
    @Dreamers-63 5 років тому +1

    He's a great teacher, more than the previous one that I had and maybe it's me but I just can't understand the concept of economics, even if it's done by Mr. Clifford. I get it better now then the previous years but I feel like I'll have to watch these videos over and over for me to completely understand it. I think it's the math.

  • @JackilynChristine
    @JackilynChristine 6 років тому

    Thank you SO much for these videos. I have spent the past couple hours watching them to get ready for my midterm and concepts that I could not understand at all (Thanks online class with no lecture time) are now clear.

  • @drricojtv
    @drricojtv 7 років тому

    right now im saving all of your videos because it is so useful for me coz im an economics professor

  • @Sheaffer72
    @Sheaffer72 6 років тому

    I am taking Microeconomics this semester and was looking for additional resources to help me understand the concepts. Between these videos and the Crash Course videos, I believe I will do well in this class. Thank you!!

  • @ashleyyim1719
    @ashleyyim1719 6 років тому

    Night before econ exams I listen to this series while going to bed. I fall asleep within minutes every time, which I guess is good but those few minutes I actually hear are really helpful and relevant as a refresher before I take the exam the next morning.

  • @CreightonKling
    @CreightonKling 8 років тому

    I'm in college and the quick and dirty just helped my exam. Mr. Clifford is better than my econ teacher.

  • @himangisingh3465
    @himangisingh3465 5 років тому +1

    Love from India♥... You are a Life Saviour

  • @bhawanatiwari5077
    @bhawanatiwari5077 8 років тому +1

    Thank you AC-DC Leadership and Economic Crash Course. With your help Mr.Clifford I did my first semester amazing as my syllabus was covered by your microeconomics videos but this time I am facing difficulty in dealing with consumption,investment, and debt management.Would you mind to do those videos soon?

  • @gassiusdave
    @gassiusdave 8 років тому +6

    lol the quick and dirty is a million times easier than what ive been taught. way to go teach ;-)

    • @JacobAClifford
      @JacobAClifford  8 років тому +1

      +gassiusdave That's what I though when I was shown it for the first time. THE QUICK AND DIRTY ROCKS!

  • @deborahani1404
    @deborahani1404 3 роки тому

    Wow, thanks a lot . I wish my university lectures can use this method. This is learning made easy. Thank you.

  • @esayasshibeshi2609
    @esayasshibeshi2609 5 років тому

    I participate your Video every day. You are excellent lecturer.

  • @yingdelcamp1026
    @yingdelcamp1026 6 років тому

    Appreciated this channel for my Micro class last semester, won't get A without your help, continue to watch your videos for my Macro next semester😊

  • @samanthagaroes3283
    @samanthagaroes3283 6 років тому

    We love you from Namibia
    Thank you
    God bless

  • @Lightkenya
    @Lightkenya 5 років тому +1

    this is a nice lecture .... from kenya

  • @andreykravchenko2619
    @andreykravchenko2619 6 років тому

    Great teaching much much better than mine professor in the University. Easy fast good examples and positive feeling.

  • @natalietatendachawora8152
    @natalietatendachawora8152 7 років тому +2

    Thank you so much for the tutorial.I am improving very well at my College.Thank you again.

  • @janejrussell9369
    @janejrussell9369 4 роки тому

    Thank you sir,may God almighty bless you and your family

  • @knowledgeknowx
    @knowledgeknowx 3 роки тому +1

    got me to want to learn economics ..good job buddie

  • @ladym7852
    @ladym7852 6 років тому

    In my macroecon' class while the teacher is talking about a subject, I just look ACDC up and get the same concept it takes an hour and a half for my professor to explain all in 5 minutes with ACDC. Sorry professor but I couldn't help it! It was "quick and dirty" tehehehehehe ;D Thanks Mr. Clifford! I don't care what anyone says negatively about your video's it's helped me a whole bunch!

  • @srikartallapragada295
    @srikartallapragada295 8 років тому +20

    This is amazing!! Thank you so much!! Got my econ final tomorrow :)

  • @VernonAppoo
    @VernonAppoo 3 роки тому

    This man is the Sham Wow man of economics.