I make videos to help people learn and love economics. I'm also the co-host of Crash Course Economics.
STUDENTS- If you need help learning economics, check out my Ultimate Review Packet- www.acdcecon.com/review-packet
TEACHERS- If you need help creating an awesome class, check out my teacher resources at www.ACDCecon.com and my second RU-vid channel: goo.gl/usMbPq
Feel free to watch my videos in your classroom and embed them in your lessons or website. But, do not download and re-upload my videos to your computer, your school's server, or other websites. The commercial use of these videos without my consent is strictly prohibited.
Twitter- @JacobAClifford Let me know how I can help. If you demand it, I'll supply it.
When calculating the inflation rate, you can also pretend that the CPI is the "dollar value for a good in that year" for example in year 1 it's 125 and year 2 it's 150 that means with respect to the base some good costs 125 in year 1 and 150 in year 2. You can then renormalize to year 1 (make it 100) so you would do 125/125 *100 to get the CPI which obviously is 100 and then do 150/125 * 100 = 120. This means that inflation increased by 20%.
Am a heavy duty mechanic, am here coz am reading "economics for dummies " just want to understand how economics works for my personal knowledge n how i can use it for my stock,bonds and unit trust investments
For those who don't know. Here is the definition of externality: is a cost or benefit of an economic activity experienced by an unrelated third party. The external cost or benefit is not reflected in the final cost or benefit of the good or service. The economist views it as inefficient for the market, and the issue is serious enough to lead it to failure. The impact of the externality can be positive (production and consumption) or negative (production and consumption).
This is not an explanation; you are just reading!! The simple truth is that not every teacher can explain such concepts in economics, and this is why I gave you a dislike for this reading, not even explanation.
I will be forever grateful to you, you changed my whole life and i will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thanks you mrs loice martha
VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
After I raised up to 325k trading with her I bought a new House and a car here in the states also paid for my son’s surgery (Oscar). Glory to God.shalom..
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I give him a thumb down for saying that students ask the most stupid questions. I mean students are learning and Economics is confusing at first of course they are going to ask all sort of weird complicated questions. I can't trust a teacher when they think if you ask them a question for them is stupid. I mean common man before becoming a teacher you were a student too and you probably asked questions too.
I love your videos. I'm an older student returning to college and taking a micro course. I enjoy how this also resembles the stock exchange floor prior to computerized trading.
I was seeing professor slides for more than 2 hours, this video made things clear for me in less than 10 mins. Good work Jacob. You are too good in explainng things at fast pace as well.
