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

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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 possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
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Опубликовано:

7 авг 2024

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Комментарии : 728

@tanyaleung7059 7 лет назад

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

@amandakapinga7647 7 лет назад

omg i cannot wait for that day

@Skyjy10 6 лет назад

Can’t agree for no more.

@kekmaster4538 6 лет назад

Wait is this university level stuff?

@RoyClaessen 6 лет назад

this is college level stuff

@mariajuanesta3319 5 лет назад

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 8 лет назад

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

@tvturnt7768 8 лет назад

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

@JacobAClifford 8 лет назад

I love the Q.A.D. :)

@tvturnt7768 8 лет назад

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 8 лет назад

You are welcome

@sajrobyn 8 лет назад

+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 4 года назад

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 7 лет назад

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.

@lovelyboba2608 7 лет назад

exactly what iam thinking

@lovelyboba2608 7 лет назад

took soooo much notes off

@lubna3339 7 лет назад

so true- same thoughts here!

@JunaidKhan-kg5xo 3 года назад

ru-vid.com/show-UCg_07dTfBHVCe1hUwoUhOLw

@danirabinowitz5049 8 лет назад

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

@joonjung98 8 лет назад

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

@shubhanginegi5327 6 лет назад

Joon Jung 안녕하세요 친구😂

@nobody8326 6 лет назад

Translation: Hello friend😂

@dawitmarkos7372 5 лет назад

Hy man ;your life saver is Jesus Christ

@user-lq6vh9py3s 4 года назад

한국인이다

@alexbonahue3322 3 года назад

mecyyemulu lij god is dead😭🤣🤣

@MSC5050 8 лет назад

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

@Phantomdirt 8 лет назад

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 6 лет назад

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

@sanaabbasi1272 5 лет назад

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

@kashyappatel7732 4 года назад

What course you are learning

@reasonerenlightened2456 3 года назад

======================= 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 7 лет назад

Mark Cuban is a great teacher!

@evahaque8173 6 лет назад

OH MY GOD i won't be able to see anyone else now

@inouskehashibira1045 3 года назад

Hahaha. Kinda looks like him.

@connieho4045 4 года назад

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

@dethswurl117 8 лет назад

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

@JacobAClifford 8 лет назад

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

@dethswurl117 8 лет назад

+ACDCLeadership It's very awesome

@kristianbell9044 6 лет назад

dethswurl117 I feel great after that quick and dirty

@stealths4557 6 лет назад

I like it when he does it quick and dirty

@Dreamers-63 5 лет назад

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

@Ari-mu6wm 7 лет назад

Literally the only reason i am passing Econ.

@naomiwoodward1 5 лет назад

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. 🤯

@JacobAClifford 5 лет назад

Wow! What a compliment. I appreciate it. Thanks for watching.

@padhakoobytamanna 5 лет назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-685STZqj5_Q.html

@kashyappatel7732 4 года назад

Can you teach me ...

@islamait 4 года назад

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

@Chriss.lindstrom 5 лет назад

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.

@Monique3184 8 лет назад

From one teacher to another, you are amazing

@JacobAClifford 8 лет назад

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

@omfgmedic69 5 лет назад

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

@asrarlovesyoutube9883 7 лет назад

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

@e.v4961 7 лет назад

Congrats!!

@tiimmyx7806 5 лет назад

ASRAR LOVESRU-vid excuse me .. you passed because of seeing his videos ?

@tacticalsapper 5 лет назад

@@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 5 лет назад

@@tiimmyx7806 yes

@Me-ir6we 5 лет назад

AP exams?

@vheahe8262 4 года назад

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!

@midconpublications603 6 лет назад

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!!!

@saraalvarez1914 8 лет назад

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!

@joesuarez84 8 лет назад

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

@tianhuideng8779 5 лет назад

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.

@shekharsharad1428 4 года назад

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 7 лет назад

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 5 лет назад

WGU!! He came highly recommended! :)

@tiffanyselph9281 5 лет назад

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

@nicholaswarrens565 7 лет назад

I must say these videos are very helpful, respect to you sir!

@conniedavidescu1979 7 лет назад

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!

@ABHRAN1L 6 лет назад

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.

@daisydukes1401 7 лет назад

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

@donas007 8 лет назад

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.

@erinhu2723 5 лет назад

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

@sofiab5303 7 лет назад

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

@aleksanderilic5346 5 лет назад

So did you pass the test?!

@allisontallantmcculley1047 4 года назад

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

@sarahheckman1872 6 лет назад

Thank you so much for making these videos!!! These videos really do help me for my Macroeconomics course at the University of Central Missouri!

@PupeNaty 7 лет назад

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

@annaashley5514 5 лет назад

Thank you for this video! I appreciate the knowledge and work you put into helping us learn!

@raygaytan1836 7 лет назад

Thank You! I just started a Micro Econ Class and this is helpful. I am now going to look at your website

@jettmiller1881 5 лет назад

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

@Rackets_Buyers_Club 7 лет назад

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!!!

@mr.d8506 8 лет назад

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 8 лет назад

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.

@zirazira600 7 лет назад

bless this man

@natalietatendachawora8152 7 лет назад

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

@jasp9661 5 лет назад

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!

@alexworrall6283 7 лет назад

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

@worldaccordingtokate5410 8 лет назад

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

@JacobAClifford 8 лет назад

+theworldaccordingto Kate You are welcome Kate. Enjoy

@mast7360 6 лет назад

Your ultimate review package helped me a lot. I got A- for micro! Thank you so much for the great resource!!

@bradleymvranish5840 4 года назад

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

@vimarshpadha472 8 лет назад

Sir you are doing a great job ..keep it up!

@adrianortegarojas1920 7 лет назад

Thank you Mr Clifford. It's so interesting and interactive.

@JackilynChristine 6 лет назад

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.

@notoriousnugget3808 7 лет назад

respect to a true teacher, thank you

@sulaymanceesay9327 2 года назад

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.

@mjnjunsj569 7 лет назад

It's fast but efficient. Good job man. Thank you so much!

@anapaulaventura9676 7 лет назад

Buying the ultimate review makes the whole world of a difference! Thanks soo much Mr.C

@MegaSuki1234 8 лет назад

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

@SaifUllah-cl8nw 4 года назад

Great teacher love ❤️ u

@sebastianperez9215 5 лет назад

Thank you for the quick and dirty Mr. Clifford ;)

@fidelemighty3368 7 лет назад

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.

@keisokhalaki9480 6 лет назад

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

@audreyd7371 8 лет назад

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!

@JacobAClifford 8 лет назад

+Audrey D You rock Audrey!

@mikaylaoj 7 лет назад

This is really great. I'm about to start a class that will draw on material from microeconomics, which I took a while ago. Thanks for the awesome videos!

@Thegoodgirlgene_ 4 года назад

This is so great literally helping me pass my eco's module

@Yoyozworld19 4 года назад

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

@denden8326 2 года назад

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

@BrickCastleConsulting 6 лет назад

you are an awesome teacher ! i got the concepts just watching the video once ! thank you Mr. Clifford

@antecvitkovic3672 4 года назад

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.

@Thetrurth 6 лет назад

You did a really informative classes and it’s very supportive for all levels of audience.

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Thank you so much for the great videos! Such a great help.

@aravindasrimal5497 7 лет назад

Man, Your teaching ability is awesome... Great work!!!

@Sheaffer72 6 лет назад

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!!

@A-Kaila 6 лет назад

That was a very productive 29.21 mins. Thank You.

@Dreamers-63 5 лет назад

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.

@haider1905 6 лет назад

You sir make things so easy!!! Keep up the best work

@HP-fj2mi 4 года назад

Wow. I'm speechless. Great explanation of some the most important concepts in 30 minutes. Thank so much for the video. I'm a new subscriber

@brahminiravi4717 7 лет назад

I'm taking AP Econ next knowing I'll have you to help. Thnx Mr.Clifford!!

@karanbhatt8940 6 лет назад

Hey man! Your teaching is super cool and a bit quick which is necessary. After all you are amazing!

@dena12319 3 года назад

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

@inneruniverse17 7 лет назад

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!

@mariajuanesta3319 5 лет назад

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.

@kagokebonang9950 7 лет назад

Thank you very much . It does help

@deborahani1404 3 года назад

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

@srikartallapragada295 8 лет назад

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

@JacobAClifford 8 лет назад

+Srikar Tallapragada Good luck

@moeyousif7021 8 лет назад

How'd it go? lol

@toyti1905 2 года назад

@@moeyousif7021 he failed lmao

@moeyousif7021 2 года назад

@@toyti1905 rip the dream lmao

@jvlogs296 7 лет назад

cool video. This video reinforced my thought of studying economics in university. Economy is so interesting!

@lookoutcharlie 4 года назад

thanks, awesome video, really like the quick pace and clear presentation

@farfourisme 5 лет назад

just great as always, i´ve been preparing my exams (micro and macro), you're better than all my uni teachers(with all the respect). But it's true you can explain things worth 10 h in 2 or 3 videos. Thank you