Microeconomics- Everything You Need to Know

  • Published on May 3, 2017
  • Check out the Ultimate Review Packet for FREE
    In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit Summary videos.
    If you like my videos please get the Ultimate Review Packet. It is the best way to say thank you. It is awesome and it's only $10. Here is the link: www.acdcecon.com/#!review-packet/czji
    I cover scarcity, opportunit costs, the PPC, comparative advantage, demand, supply, ceilings, floors, shifts, elasticity, taxes, consumer suprlus, consumer choice, costs of production, perfect competition, monopolies, opligopolies, mono[olistic competition, labor markets and firms, monopsonies, public goods, externalities, and the Lorenz curve. Wow! That's a lot. Get ready. Here we go!!!!!!!!!!!!!
    Thank you to Austin for organizing the following:
    Unit 1
    1:00 Basics
    1:13 PPC
    2:17 Absolute & Comparative Advantage
    3:07 Circular Flow Model
    Unit 2
    4:04 Demand & Supply
    5:26 Substitutes & Compliments
    5:36 Normal & Inferior Goods
    5:46 Elasticity
    7:35 Consumer & Producer Surplus
    7:52 Price Controls, Ceilings & Floors
    8:37 Trade
    9:08 Taxes
    9:56 Maximizing Utility
    Unit 3
    11:03 Production, Inputs & Outputs
    11:16 Law of Diminishing Marginal Returns
    11:36 Costs of Production
    13:00 Economies of Scale
    13:37 Perfect Competition
    14:25 Profit-Maximizing Rule, MR=MC
    15:20 Shut down Rule
    16:05 Accounting & Economic Profit
    16:30 Short-Run, Long-Run
    16:56 Productive & Allocative Efficiency
    Unit 4
    18:02 Monopoly
    18:53 Natural Monopoly
    20:01 Price Discrimination
    20:22 Oligopoly
    20:31 Game Theory
    20:42 Monopolistic Competition
    Unit 5
    21:51 Derived Demand
    22:07 Minimum Wage
    22:19 MRP & MRC
    22:52 Labor Market
    23:30 Monopsony
    24:05 Least-Cost Rule
    Unit 6
    25:11 Market Failures
    25:27 Public Goods
    26:00 Externalities
    27:21 Lorenz Curve
    27:44 Gini Coefficient
    27:53 Types of Taxes
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Comments • 950

  • Chris T.
    Chris T. 16 hours ago

    Honestly this was more helpful in understanding the material than a whole semester of classes.

  • Nomad
    Nomad 18 hours ago

    You are a wonderful man

  • Lily Note
    Lily Note Day ago

    11:34 for chapter 13-18 I believe...

  • Kuldeep Gupta
    Kuldeep Gupta 2 days ago

    this is awesome .. dude

  • KingPeuche
    KingPeuche 4 days ago

    I took a microeconomics online course this semester in Uni.
    My final exam is in 4 days. I have yet to actually open the online course, but men, I will study. And I will study hard.
    I'll let you know how it goes, I think this video may have saved me.

  • Lorenzo Bergamasco
    Lorenzo Bergamasco 11 days ago

    put it at 0.5 playback speed

  • decem clarence oal
    decem clarence oal 12 days ago

    Thank you Sir Clifford. I passed my Licensure board Exam😇☺️

  • decem clarence oal
    decem clarence oal 12 days ago

    Thank you Sir Clifford. I passed my Licensure board Exam😇☺️

  • wanga matsila
    wanga matsila 14 days ago

    Economics my gawd!!

  • XY Yan
    XY Yan 18 days ago

    thank you

  • Sophia Elizabeth
    Sophia Elizabeth 22 days ago

    this video saved me thank you

  • Tafari Martin
    Tafari Martin 24 days ago

    This guy is great I Got and A is both Micro and Macro Economics 💯

  • TheGreekGooner
    TheGreekGooner 25 days ago

    You are a God sent, currently in the midst of an all-nighter with my final exam in the afternoon. Legend.

  • KingJH 0510
    KingJH 0510 26 days ago

    my 18 weeks of class (5 hrs of class a week) jammed into half an hour

  • Masiwa Kantu
    Masiwa Kantu 27 days ago

    Thank you Sir because of this video I aced my exams😁

  • Thandeka Moyo
    Thandeka Moyo 29 days ago

    Yoooh this guy is good something l failed this whole semester I have mastered in less than an hour

  • Anita McDonald
    Anita McDonald Month ago

    could you talk a bit slower please

  • Эратбек Маматов

    am i the only one who`s watching this a night before exam?

  • Khojiakbar Abrorjonov
    Khojiakbar Abrorjonov Month ago +1

    Informations are good but you are speaking very fast and unclearly not understandable for forign people

  • America Henriquez
    America Henriquez Month ago

    Thank you for this video. Much appreciated!

  • Caleb Brunner
    Caleb Brunner Month ago +1

    Highly recommend slowing it down to 0.75

    SAVAGE SPERO Month ago

    You’re honestly amazing, wish you were my professor!

  • erick ratemo
    erick ratemo Month ago

    You are doing a very good job sir. Following from KENYA Africa.

  • bla bla
    bla bla Month ago

    Enough of learning
    Now go to sleep
    Tomorrow you have an exam
    Goodnight 😴💤
    Best of luck 👍

  • Virginia Gonzalez
    Virginia Gonzalez Month ago

    This video is a tremendous help, very well organized, summarized and explain. Thanks a lot!

  • Duy Tran
    Duy Tran Month ago

    im here for my mid term, and i'll be back for my final

  • Bothuvi Chishi
    Bothuvi Chishi Month ago

    Don't stop do it what your doing!

  • StrangerBoss
    StrangerBoss Month ago

    is this helpful for A-levels ?

  • ayesha khan
    ayesha khan Month ago

    watching this 3 hours before the exam 😂😭😭

  • DansProductions
    DansProductions Month ago

    is supply and demand just on an item? or can it be towards labor (working/jobs), for example getting paid minimum wage for the company saving money and paying their workers less...

  • Rui Hao烎壡嗥
    Rui Hao烎壡嗥 2 months ago

    Thank you for being altruistic

  • Rui Hao烎壡嗥
    Rui Hao烎壡嗥 2 months ago

    Great! Subscribed

  • Rose Coboy
    Rose Coboy 2 months ago

    You're too fast

  • Alex Goldenberg
    Alex Goldenberg 2 months ago

    great video! you are a lifesaver no cap

  • Vaxtin
    Vaxtin 2 months ago

    who else thinks he looks like mark cuban from a quick glance

  • Comedy Garage
    Comedy Garage 2 months ago

    Better video is here tvclip.biz/video/0-xBZYthjnw/video.html

  • Comedy Garage
    Comedy Garage 2 months ago


  • Abraham Lincoln
    Abraham Lincoln 2 months ago

    He's like Adam Norris, but an economist

  • James Bruno
    James Bruno 2 months ago

    Jacob im sorry, this is the end for me

  • yliya kuzma
    yliya kuzma 2 months ago

    o yeees)

  • D Watch_r
    D Watch_r 2 months ago

    Anybody watching this video with .5 playback speed?

  • Kami tube
    Kami tube 2 months ago

    Failed microeconomics last semester cause of my lack of interest in this subject. Your explaination style here gave me more envy to work on it. Hopefully can secure a good grade this time. Thank you.

  • _ Theredius _
    _ Theredius _ 2 months ago +1

    Sub on me, I need 100 subs and my fother will by me a parrot

  • Anh Thư
    Anh Thư 2 months ago

    Could you please provide the subtitles ?

  • Troll Face
    Troll Face 2 months ago

    ...and in the next video he shows oyu this think called: ''breathing''

  • Patrick Ellerton
    Patrick Ellerton 3 months ago

    good video but speak slower

  • Giatzou
    Giatzou 3 months ago

    Blaa... blaa.. my eyes look like the supply/demand curves now...

  • lc0806
    lc0806 3 months ago

    my teacher is horrible. I wish you were my teacher

  • Andres Juarez
    Andres Juarez 3 months ago

    Who’s here from glasser?

  • Econ Artist
    Econ Artist 3 months ago

    You have done a really great job of making these videos. Thank you for doing so! This might sound like a random question but software are you using to create these?

  • Sans Gail
    Sans Gail 4 months ago

    Araling Panlipunan

  • Catherine M*_*
    Catherine M*_* 4 months ago

    How interesting...

  • Aarti Patil
    Aarti Patil 4 months ago


  • Souux2
    Souux2 4 months ago

    Because of your videos Jacob I went into micro knowing nothing and finished my course with a Distinction! You rock!!

  • aditya kamasani
    aditya kamasani 4 months ago

    THANK YOU soooooo much! Due to these videos and the ultimate review packet i got a 5 on micro self studying for 20 days!!! Much love from India!!!

  • David Cartagena
    David Cartagena 5 months ago +1

    got a 4.0 gpa hope i do well in this class during fall semester

  • connor topping
    connor topping 5 months ago

    Is this good for
    A level economics in the uk

  • خاطره ها
    خاطره ها 5 months ago

    your speed for foreign students is very much.

  • Ayzha Burwell
    Ayzha Burwell 5 months ago

    Dude. THANK YOU