Macro Unit 1 Summary- Basic Economic Concepts (Revised 2020)
This updated Macro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet (acdcecon.thinkific.com).
In this video I cover the basics: scarcity (3:17), opportunity cost, the production possibilities curve (9:57), comparative advantage (15:15) and demand and supply (29:22). I also show you the quick and dirty (22:52). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
Get the Ultimate Review Packet (Free to preview)
www.acdcecon.com/review-packet
Пікірлер: 261
I feel like if I told my friends and family that Mr. Clifford did the Quick and Dirty with me they'd be very concerned...
@DavidDavid-fp6gv
3 жыл бұрын
lmao
@maitemookamedi1700
3 жыл бұрын
😹🤣🤣
@luisvillasenor6310
3 жыл бұрын
Now we no Prison Mike's backstory.
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2 жыл бұрын
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@aarongoldsten2913
2 жыл бұрын
😂😂😂😂🤣🤣
"Im going to be going very quickly: Me: *watches at double speed 3 hours before the exam*
Mr Clifford did the quick and dirty with me and it was extremely exciting
@ayyub4762
4 жыл бұрын
Omo naija
@val-zod1284
4 жыл бұрын
@@ayyub4762 weird ass
@yuju1195
3 жыл бұрын
💀💀💀
@takeoveryfn7699
3 жыл бұрын
Say pause bro lmfaoo
@sumanboi
3 жыл бұрын
@@ayyub4762 ?
Mr. Clifford, I couldn't find any other way to send you a message so here is one. I've never taken Macro or Micro in my entire life, but thanks to your course I learned and tested out of my college-level Macroeconomics course IN THREE WEEKS. I am incredibly proud of myself and wanted to thank you so much for making that victory possible for me. Thank you for all your hard work and dedication as well.
@NITESHKUMAR-je4fn
3 жыл бұрын
Same sister
@chonkables1969
3 жыл бұрын
pog
@jensmalzer6344
3 жыл бұрын
I like guys
@alexanderthedude5474
3 жыл бұрын
That's really awesome. Congrats!
@lukamabior306
Жыл бұрын
You are welcome sister am very happy to see someone happy also
I might not understand economics, but I've gotten darn good at doing the finger thing
Who else is watching this at midnight after work the day before the exam?
@lita6963
3 жыл бұрын
HEY... it's only 11pm the day before the exam for me!... lol we're all horrible lazy students
@krishpatel466
3 жыл бұрын
4 days before lol
"Mr. Clifford did the quick and dirty with me"..."In the criminal justice system, the people are represented by two separate yet equally important groups. The police who investigate crime and the district attorneys who prosecute the offenders. These are their stories."
Best Economics teacher is back to cheer students during slowdown, election, Covid’s etc. nightmare.
Oh my God I didn’t know I was still subscribed! To everyone who’s going to take the AP macro exam, this guy helped me get a 4 on the exam I could have gotten a 5 if I paid more attention 😩 but just wanna wish you all luck!
@AD-oq7ju
4 жыл бұрын
Did you buy the Ultimate Review Packet?
@gvssociety2832
4 жыл бұрын
bro 4 is still good
@davidperrii
4 жыл бұрын
Alex Rodriguez actually my principal allocated funds for all the AP Econ students to have their own packets it was honestly a God send
@davidperrii
4 жыл бұрын
GVS Society thanks! I know! I don’t wanna be that guy that’s like “I only got a 4” but honestly if I paid more attention besides just going through the packet I definitely could have gotten a 5
@bryanmaxwell7317
4 жыл бұрын
im taking it on thursday and all our packets r at the school and we cant access them (rip) but hopefully the reviews 1-4 on here will carry me to a 4/5
The trade off for watching this video could be sleep... yeah.. night before my unit one exam 😀
Thanks for this! Are you considering doing college topics more, like econometrics or intermediate micro? As said in the video, same key concepts apply for us college students, but I’d love to see more specific content for that. Keep up the good work, been watching and had the packet since I was in high school!
Watching this the night before the exam...not even 10 seconds in and I've decided to watch all your review videos. You've helped me ace my tests in class this year and I know by watching these reviews I'll be fine. Thanks again, you're a legend🙌
@hope2071
Жыл бұрын
indeed , already express my words. Mr. Clifford is just only his example🙏
@Emperors_Motivation
4 ай бұрын
Im doing the same right now. Im going to follow your footsteps lmao
Learning this all the day before my ap exam
@krystalsy529
4 жыл бұрын
learning it 6 hours before
@liammcdonald8652
4 жыл бұрын
@@krystalsy529 we finna struggle together
@tatianic
4 жыл бұрын
learning 10 minutes before LMAO
@liammcdonald8652
4 жыл бұрын
tatiana • I felt that
@LS-vc9uq
4 жыл бұрын
How was it?
Your Ultimate Review Packet is so clear. I have understood more information about macroeconomics today than I have been taught in my class for the past 3 months. Thank you so much! I am so glad I found your channel.
27:50... Clifford.exe has stopped responding
Great thank to Mr.Clifford! I learned all microecon on KZread with you and I just got a 5 on my AP test!
Thank you Mr. Clifford for guiding me through self-studying AP Marco during the pandemic. Your summary videos really helped me a lot, and I remembered laughing while I was watching some of the movie series (i think unit 3 or 4)! And finally, thank you for preparing me to get a 4 on the 2021 AP Macro exam!
@hope2071
Жыл бұрын
Mr.Clifford is always our prince Econ Charming
Before my exam I was so frustrated.. But discovered this content which calmed me down got me to concentrate and practice and managed to pass so thank you 🙌🏻
Thanks Mr Clifford. Thanks for designing the perfect learning resource. I’ve purchased your ultimate review packet. God bless you.
I found you at such a perfect time in my life
He refreshed my brain to light up my perception by doing just simple gestures at the right time (27.49) Big sincere thanks, master, for clarifying each concept in the most natural way.
Who’s cramming for tomorrow
@charlesgravelle538
3 жыл бұрын
me
@lovepixies
3 жыл бұрын
hell yeah bb good luck
Thank you Mr Clifford, was really struggling with Ecos and after watching your videos a lot more made sense, I passed
You really are a genius. If I could subscribe more, I would press that button a million times. Hats off!
God bless, my macroeconomics instructor is burnt out and told us to teach ourselves... so this really helps!
You're honestly the best teacher! You do your job so well compared to my economics teacher
Wow. Wow. Wow. Excellent teaching Mr. Clifford. Enjoyed it thoroughly and learnt a number of Economic concepts. Interested in getting an understanding of the economy and I believe this will help me out.
I'm from Iran. although there are tons of courses in these matters in my own language, your tutorials are so awesome that I can't watch any other tutorials. with your videos I have the confidence to learn economics without any problem. I wanna work in stocks market so these are really helpful and also enjoyable to watch. I wish I was able to buy your Ultimate Packets but unfortunately I can't due to sanctions. but thank you so much to make these awesome contents for free on KZread
@ryan_s
4 жыл бұрын
Oof that sucks. Good luck to you and I hope you become successful!
Hi Mr.Clifford, I am an Economics teacher too for grade 11 and 12. You're great, love your teaching, thumbs up.
I've just bought the ultimate review packet after seeing your videos! I am every excited to enroll to your study course :)
Thanks so much for this, I’m taking the AP Macro in may so this will be great
@yunggabe1942
4 жыл бұрын
I got a 4 in macro. It was great
@ryan_s
4 жыл бұрын
@@yunggabe1942 Is that good? A lot of people say Macro is an easy 5.
Thanks Mr.Clifford for your good and simple explanation
oh wow lmao i took macro/micro 4 years ago. trust me guys, econ will be a BREEZE if u watch his videos. trust me
You’re the best Professor. I can’t thank you enough!!
Thanks for making this I’ll be taking ap macro this upcoming year
Another acronym for demand shifters that i use is T.I.M.E.R (Taste,Income,Mass/consumers,Expectations,Related goods). Great vid!
great teacher, you've given a gift to humanity here.
hey Mr Clifford, thanks for all the help. took micro last year and got a 4 and this year you are carrying me through macro, thanks so much
@TuckerFinch
4 жыл бұрын
A 4%???
@aryamanbansal
4 жыл бұрын
Tucker Finch no like a 4 on ap grading scale 1-5 3 and above u pass
I just love this guy! Go on, make more videos!
You are an excellent Teacher.
Thank you so much Mr. Clifford! This will help immensely in my studies :)
Thank you, Sir! You are GREAT!
PS: Corporate debt 60% GDP, students loan debt, credit card debt, auto loan debt, Deutschebank and HSBC banks on the brink of collapse, stock market at all time high, Repo market madness, yield curve inverted etc. Thanks for your educational content and great job.
Best video on macro summary ever watched.
As a fine arts student behind in my macro class all i can say is thank you, these guides are fucking amazing
Bless you, thank you for these excellent videos! I speed studied with these before my exams a couple months back and did pretty well so I will definitely come back if I need any help. :)
Thanks for the Awesome videos!
Great lesson, but I always get stuck on comparative advantage. I thought I was the only one who got stuck on comparative advantage. That is the one I like the LEAST in economics. Thank you for these videos they have helped me tremendously !!
Man, I love this video, u r great at explaining it Thank u sr.
You are an awesome teacher BRAVO, love the brain exercise at the beginning
This man is a living legend
I literally laughed for 5 mins aloud when he gave the example of the supply decreasing caused by ‘a bunch of cows die’ 😂
@lita6963
3 жыл бұрын
sadly enough that really is the biggest basis for ag-product price changes. 2nd yield crops die from frost, drought etc, blight kills off a bunch of walnut trees- some weird chicken disease goes around...
Hey Jacob! Just wondering... I am not studying officially but would like to learn all there is regarding finance. Does your Ultimate Review packet work as an original education source or is it more for people already studying as supporting information? Thanks!
you are such a king!! thank you!
I'm gonna be quick and dirty on my test. Huge thank you to Mr. Clifford.
THIS GUY IS AMAZING, HE IS THE REASON WHY IMMA BE ABLE TO SLEEP AT NIGHT FOR THE NEXT WEEK LMAAAOOOO
Hello Jacob!! I was wondering wich literature you are using in your videos, have you heard about ”economics” by David Begg and in that case does ”economics” compensate your theory? :)
Legend. Got good grades in my quiz bcoz of this. Keep up the work.
Thanks Jacob 😊 I got a B in ECN102, Thanks so much 🤗
Thank you Mr. Clifford! Your macroeconomics summary video really helped refresh my memory, and it also made me realize that I really did learned in class.
The best economics teacher
Can't believe I am spending money on college and my professor cannot teach a thing, I watch a free KZread video and the concepts are stuck in my head.... Education should be free
@honeylo3715
3 жыл бұрын
👏👏👏
How is this free? I learned more economics in less the an hour here... I studied it at school for 2 years... Wow I'd definitely recommend this channel to friends
you are the best! love ur vids
Hey Mr. Clifford, i have a question. If I don’t have an economic background or have not studied in college, but desired to familiarize myself with economic practices. Would you suggest I use the ultimate review packet before signing up for a course or should do the course first? And then use ultimate review packet?
Saving me 🙏 I’ll be taking this course as a junior in highschool ✅
Mr. Clifford did the Quick and Dirty with me :0
its really help me alot thank you
Mr. Clifford did the quick and dirty with me. It was really exciting.
Im going to buy this packet tonight
Taking my AS year exams this may and from knowing nothing I atleast know something now
Thank you as you help for us and I'm saying keep going and give us more educations the more we are learning from you we begin to growth our prain for understanding quickly and easy 😍🤗👏🖒 welcome dear teacher pls take us our immigration education in 2020.
You are great help, thank you
Mr. Clifford, I'm sitting for my first big exam (the Cambridge o level) , is it correct to use the term comparative advantage by saying, "a country will have a lower comparative advantage"
“Mr. Clifford did the quick and dirty with me” lol, thank you for this video and playlist
The quick and dirty is gonna be a life saver 💆
@chimmyswiftie5252
3 жыл бұрын
Are you taking the AP MACROECON exam next year?
@ericbuhuru6830
3 жыл бұрын
@@chimmyswiftie5252 I actually have it next week
@chimmyswiftie5252
3 жыл бұрын
@@ericbuhuru6830 the AP Exam?
this guy is the GOAT
this is saving my life because my dual credit professor is not very helpful, he teaches from a different book than were were given and only teaches us the graphs but not why or how they shift.
hi,Mr Clifford, I want to know if the notes are available for printing?
thank you thats awesome!!!
Thank you!
I love your videos. Lots of hugs and love from India 🇮🇳
Great work Sir
You are just the best 💪🔥
thank you so much!!!!!
Where can I find the review sheet I would like to follow along. Any advice for someone not taking economics college class but learning on the side? Recently new to finance industry but too busy for a course.
27:49 my favorite part
RubenKen is watching every video. Thank you Jacob Clifford 💚 Lmao my left hand thumb went up while my Right Hand Thumb and Pinky went up at the same time. Don Don Don🤣😂
Thanks!
thanks man!
27:50 :) mr clifford goin a bit crazy
mr clifford sold me fentanyl behind a walmart
@BoazFarscht
7 ай бұрын
woiueGF;OQIUWGEFOUC24IUFP1 HI34FR34
@BoazFarscht
7 ай бұрын
MAKE THIS MOST LIKED COMMENT TO A COMMENT ON A MR. CLIFFARD VIDEO!!!!
Watching this a whole week before school starts so i atleast have an understanding in AP class since it will be full of 12th graders and I'm in 11th
king has returned
You are the best
Mr Clifford why not to make a video about what are the chances of 2020 economic downturn? Are we in liquidity trap? What will cause a new recession deflation or inflation? What do you think about paradigma shift to gold or crypto? Currently there's a big hype around these issues.
I'm taking AP Macro next year but i want to learn now lol
Huuuh i am waiting this thanks 100 times teacher
Awesome!!!
Can you do a revised review for new AP exam