Macroeconomics- Everything You Need to Know
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- Опубликовано: 25 июн 2024
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In this video, I quickly cover all the concepts and graphs that you will see in an AP macroeconomics or college-level introductory macroeconomics course. Don't take notes. Just get the big picture.
Note At 25:48, the signs are reversed.
I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal policy, money, banking, monetary policy, the Money Market, loanable funds, the balance of payments, and exchange rates. Wow! That's a lot of stuff. Good luck on your test!
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This guy explained everything better in less than 30 minutes than my professor has this entire semester...
Colton Neuman yep.... this short version is enough for me
B.☁️🥗❄️
i agree 100000%
so true
You are so right
i’m cooked.
same
Same bro, i have it tmw
@@morsdefying5738lol me too
ap in an hour i’m cooked and served
Bro same 😂
Good luck to everyone who didn't do anything this year and is cramming everything in one night
yep online classes are harder to pay attention to
lmao trueeee
You too... let’s do this
Did everything I needed to, still confused af lol
yep that's me
Cramming literally 3 hours before my macro exam, good luck to everyone who’s taking it today 🥴🥴
40 minutes before 🤪🤪
me too GOOD LUCK
so stressed ! good luck!
Good luck on the frqs y’all, that mc was a bitch 😖😖😖
wwhat did u get
Good luck on all our AP Macro 2021 tests tomorrow everyone!
gl
I’m gonna need it
TY!
Thanks🤍
Will do it tomorrow 🤗🥰 ..
U1
1:00 Basics
1:14 PPC
2:18 Absolute & Comparative Advantage
3:07 Circular Flow Model
3:55 Demand & Supply
U2
5:24 Economic Goals
5:50 GDP
8:06 Business Cycle
8:49 Unemployment
10:47 Inflation
11:33 Interest Rates
11:45 CPI
12:30 GDP Deflator
13:10 Quantity Theory of Money
13:56 Demand-Pull Inflation
14:08 Cost-Push Inflation
U3
14:51 Aggregate Demand
15:10 Wealth Effect
15:23 Interest Rate Effect
15:33 Foreign Trade Effect
16:54 Recessionary & Inflationary Gaps
17:02 Stagflation
17:13 Long-Run Adjustments
18:00 Economic Growth
18:35 Phillips Curve
19:07 Fiscal Policy
19:22 Multiplier Effect
20:08 Problems of Fiscal Policy
20:33 Crowding Out
U4
20:56 Types of Money
21:07 Functions of Money
21:13 M1 Money Supply
21:36 Bank Balance Sheets
21:53 Money Multiplier
22:30 Money Market
23:32 Shifting the Money Supply
24:10 Federal Funds Rate
24:39 Loanable Funds Market
U5
25:40 Balance of Payments
26:06 Current Account
26:20 Financial Account
26:50 Foreign Exchange
28:25 FOREX Shifters
29:20 Exchange Rates
Austin lul，thx
Gg= Great guy
Austin you did it again my man, keep rockin it!
Za Wardo
The real MVP. Pin this guy comment.
This video is actually insane. I have my AP test tomorrow and this has caught me up more effectively than anything I've seen these last two weeks. Thank you so much for the upload!
hey remember that wages are sticky, not flexible and that inflationary and recessionary gaps may be referred to as positive/negative output gaps
@@SneezyKatsALT Wages are sticky only in the short run correct?
Good luck!
@@crun1teliveontwitch645 correct
Hehe
I’m not even going to use the ultimate review packet but I’m going to buy it because you’ve single handedly gotten me through the class and you deserve it
Same lol
can I use it than lol @@deakintressler1797
I want to buy a million packets to support this grade savior, buuut I won't because it could increase the price level
LOOOL
savage af
*laughs economically*
LOL, good one.;)
AHah aha
Good luck to everyone taking the test tomorrow
Thank you, you too
Thanks, good luck on yours
Thank you 1 year later
Good luck to everyone taking the coronaAP Econ exams this year
AYo macro exam today here I come
you too! I am watching this 30 min before the test :))
Modern Tutorials101 hahah same
Currently watching this 17 minutes before the exam
Victor Xie now 11 minutes
To other students:
The year is 2020. I passed my Macroeconomics class last semester so you know all of this information is *still solid.*
Mr. Clifford isn't a substitute for the material, but if you watch his videos after doing your coursework it really REALLY helps.
--When it came time for the final, I did buy the ultimate review packet and it was worth it
--The value of the packet is so much more than the sticker cost
--It's a super small cost for a better understanding and high grade; especially when you're already paying high tuition
--It supports the channel and the video production costs, but also shows that you appreciate the knowledge
Thank you Mr. Clifford!
thanks bro
Value is subjective lmao.
@@andrewternet8370 Utility function!!!! God, I should take a break from studying.
this man he look wise due to he is very explain econ very well deeply inflation gap and deflation gape
It's so wierd tho watching Kenobi commenting on AP econ videos XD
Mark Cuban dropping some dope Macro knowledge once again!!
OHHHH!!!!!!!!!!1 THAT'S WHO HE REMINDS ME OF!!!!!!!11 he looked so familiar. Thank u for this lol
ILY
He has the same voice and mannerisms too.
Lmaoo
*watches night before AP final*
Nate *20 minutes before
Watching it night before AP Test
Me right now
* *during the AP final*
Nathaniel Rogers watching it right after the test
Sup squad. Exam is in less than two hours 🤪 this man saved my grade last semester, hoping he manifests a three for me now
it's 8:48 AM and i'm cramming for my exam at 12- thank god for mr clifford dude. Good luck to anyone else who has the AP exam today
Topped?😂
Currently 8:20 and my exam is at 12 haha, gotta cram it last minute!
I would like to see the analytics of the spike in views the day before each year's AP Macro exam.
Bro we’re fucked tomorrow
thats why i'm here 2 hours before the exam rofl
@@ardence1828 me too bud
@@danielarenales7380 me 3
@@adriansalazarrivera me 4
I am a lawyer doing an MBA and I passed my econ class only thanks to you!! I have never had econ before in my life and I can't thank you enough for your videos!
Exam in 30 mins, currently watching at x2 speed, let's do this boys.
how did u do? lol
@@klouwde2373 we r gonna see
how was it
@@maxortiz1306 r u taking it tomorrow?
gonna see 2nd
I’m watching this before my final and this 30 minute video has taught me more than my professor all semester. Thank you very informational and you explain it very well!
I’m taking my final in an hour and my teacher literally wouldn’t pass the ap exam herself 😭 I think we all knew more about Macro before we started that class.. every time she tries to teach us something, we end up more confused and she somehow unteaches us :’)
who's here in 2019 before AP MACRO?
John Yi 8 hours before exam
Meeee
About half a day away
Hell yeah
Me
"Dont take notes"
Me: Frantically copying down everything he says a day before the AP exam
Same man
Same
Same man
@precizion poizzon me TOOO
@precizion poizzon oh looks like im screwed :')
wow! just wow, I have my macroeconomics a-level exam tomorrow and this brief summary has helped me sooo so so much, keep up the amazing work, eternally grateful :)
26:05 He switched up the Trade Surplus and Deficit by accident. Be careful.
OMG i noticed too. Thanks for clarifying
Thank god, I was confused
Same, I was so confused. Maybe he did that on purpose? Learning experience?
good catch i was about to say something. love the next phase of crammers coming in to watching Clifford videos rn
Yes I noticed it too
10:03 beautiful moment where clifford puts his hand in his pocket for 3 akward seconds
thank god somebody noticed
good luck soldiers... we got this
"I'm really into economics so I'm just watching this video for fun, even though I don't have any exam"
- said nobody ever
I'm starting in September lol
I'm actually watching this for entertainment.
@@wallstreet3844 same here:)
@@wallstreet3844 same lol
I'm here 2 months after my exams.
Just in time! Macro exam is tomorrow!
DjSeanTacos haha mine too!!!
lets get that 5!!!!!!!!!!!!!!!!!
Yup mines in 18 hours
same lmao
same, im screwed =D
Listening to this the Day before the test
time to start studying 2 hours before the test :D
good luck to everyone here in 2022 ✊🦅
Yup I probably shouldve watched this a week ago. U know... when the exam isn't tomorrow afternoon.
@Mely we'll see in July 😅
Mr.Clifford I appreciate everything you do for us. I will continue to watch your video, support you and buy your ultimate review packet. I will tell my cousin, my children, my family, my friend and my friend's future kids to watch your videos. Thank you for everything
Thanks, Mr. Clifford!!! I bought your macro package 3 weeks before my econ finals and went from knowing literally nothing about economics because I skipped all my online classes and failing my midterms to passing my finals!! Thank you!!!
It is now 2019. Who else is cramming as much as they can before the final ? lmaooo, goodluck you guys :)
Good luck tomorrow. We’re gonna kill this test.
Penn Penn im gonna murder it actually!
I'm so scared! I'm only in 8th grade and this is my first AP test😥
PERIOD! 👏🏾
Good luck lads
The test going to kill me instead
This channel is hands down the best free resource i've encountered for any AP course ever. Keep up the good work!
Knowledge is common,
But an excellent way of deliverance of knowledge is so rare and this guy is no doubt the king of it.
Made me fall in love with this boring subject.
God bless you
every year, right before the exam, this video mysteriously gets a ton of new views
i love the editing mishap at 10:02
I was so confused about what that was!
He did that after talking about unemployment. Was he hinting at his employment status? A mystery that we won't know....
@@ahmadyasin308 Nah he was switching the PowerPoint with a little remote lol It's a 10/10 editing fail
This video is saving lives...
Where are my 2019 ap macro people?
Present
Right here
How did everyone do?
hey friends in 2022! at 17:44 he mentions that wages are flexible, however AP has decided that they are now STICKY and will not affect SRAS.
Thank you so much for all of your videos!! I am returning to college at a not so young age. Your videos and crash course videos are what saved me and helped me to understand what I was not getting from the actual course. Be well and continue putting these awesome resources out.
Who else is here the morning of the exam - before you actually go to the exam - getting in final cramming minutes?
Me
Me
this
Its tomorrow ;(
It worked! Got an a* 😂
If you're reading this, stop procrastinating in the comment section like me and get back to cramming...
@The Real S weird flex but OK?
@The Real S sounds like virgin talk to me brother
Stop calling me out like this...
uh-oh busted!!! lol
Yes sir
I am literally watching this video at 3:16 am in the morning, and the AP macro exam is today at 4pm. This video is saving my life. Quarantine sleeping schedule be like.
2021 AP Macro tomorrow
Same here
Let’s get this 5 bois
This helped me SSOOO much in preparing for my final. I wish you taught my class. I appreciate how organized this video is as well as the content.
"Absolute advantage is a joke. It's easy" - Econ GOAT
Man I love this guy
2020 macro?
Hi Jacob, I'm Tere from the Philippines. I just had finish my Licensure Exam for Agriculture today and one of our subject is Agricultural Economics and Marketing. I want to thank you for your contents. It really helped me a lot. I have been watching your lectures in Microeconomics and Macroeconomics. I'm very much hoping to get my licensed this year. I just want to express my gratitude towards you, you're really good at explaining this concepts and relationship. I will surely recommend your channel for my colleagues who's taking the same exam next year. More power on your channel Jacob and God bless! 😇🙌
Mr. Clifford, even though I wish this video was out 2 weeks ago on my Macro Econ final exam, I still scored a 96 on my final exam by watching your videos! The last video I watched before going in was your previous "Macro in 15min" but this is an improvement in every way! Thanks for your great work helping us - the packet was super helpful too!
All these comments from last night cramming... Here I am an hour before the exam...
Perhaps I have a problem.
2020 online ap macro test tmrw!
good luck to everyone cram studying rn for the 2023 macro test 😭
I passed my exam bcz of you. you are awesome!
Who else is cramming before finals?
also good luck to everyone reading this
Poke Max good luck to you too👏
@@hiho7405 i'm only a few hours from taking the ap exam. I hope I do well...
@@stephenlee1664 oh same here! good luck to you!!
Good luck to you too brother
thanks bruh
"Absolute advantage is a joke." - Jacob Clifford
THERE'S TEN MINUTES LEFT UNTIL THE 2020 EXAM AND HERE I AM
2019 MACRO GANG WYA. EXAM’S TOMORROW EZ DUBS
I'm so scared! I'm only in 8th grade and this is my first AP test😥
I'm finna fail dude 😂
Easy mega
I left several of those questions blank 💀
Can we make a group chat I’m acc scared for my life
Anyone here in 2020 panicking about the AP exam in two days?
Laurel Edwards me
Panicking 7 hrs ahead :/
I’m here only a few hours before
lmao meeee, hope everyone did good on their microecon test too
@@promise1693 Jacob Clifford is going live in 40 minutes if you need a little more last minute review! I'm sure you'll do great but good luck anyway!
This video was very helpful to me for my econs final exam. In this video, I was able to understand many things I find hard to understand in econs. I really appreciate your effort for making this video. Keep the good work going. May God reward you abundantly. Thanks for creating this video.
Graduated many years ago and for job interview that ACTUALLY allows me to use degree made me review videos to pull back 20 yr old education. Thank you so much for the refreshers. 😁
I would like to thank one of my friends for sending me this video the night before the AP Macro test that I haven't had time to study for until now. :)
You too?
Legit every May the views skyrocket for these epic videos :)
You are totally alive in your videos. I am mentioning this because I am trying to find videos about management laws and the presenters are slow. Amazing help from you.
I have finished my microeconomics and macroeconomics classes, and it is unbelievable that the best professor I found is off-campus. Thank you for your help. I continue to support your channel and recommend it to everyone I can. Excellent work. The AC/DC class is the best.
THANK YOU Mr. Clifford, I just ordered your package - I would be failing ECON 201 at college if not for you. I took distance learning class and there's no lectures, no help - it's awful. I got thru 1st exam because of your videos - thanks for helping us out!! Also, I already recommended you to a few business majors who have to take econ next semester.
30 minutes before the exam... perfect
economics is so overcomplicated but this guy simplifies it perfectly. Thank you 🥺
Here from the UK. Graduated with double major in Business studies and Economics about a year ago. Watching your videos and getting all this refresher makes me want to go for a Masters degree in Economics next year or so
Great explanation of Macroeconomics concepts. A beautiful video.
Dawn of the Final Day
24 Hours Remain
Thank you for making such wonderful videos! I really enjoy all the various economic concepts and diving deeper into understanding them. This video helped rekindle a few such as what comparative advantage would look like with more than one trade partner and also whether technology overall impacts the natural rate of unemployment negatively or positively.
Quite possibly the definitive best video to watch before an AP exam. Thank you so much!
Jacob Clifford:
"This is not designed to reteach you all the concepts"
Me: Didn't pay attention all semester and is watching this the day of the final to try to learn an entire semesters worth of material in half an hour...
S(h)ame
got the test in 45 mins and this is my only source of learning since I haven't done anything all year
How was the exam
I have my CLEP exam tomorrow, and I think I just learned more from this guy in thirty minutes than I did with my teacher the entire semester. Seriously, that lady was nice as I'll get out, but couldn't teach anything. I ended up having to figure out everything on my own. Thank you Mr. Clifford for making the chances of me passing my end of year exam so much better.
Thank you Man, I learn everything from you. You talk fast and fluently so that everyone can easily understand you. And you explain extremely great
noob: doesn't watch this video
pro: watches this video
God: watches this video + takes notes
hacker: watches this video during exam
I’m watching this in the 30 minute checkin right before the test
Watching this an hour before an exam! Good luck everyone and thank you Mr. Clifford!!
Thank you Mr Clifford for all the help your provided for me this semester.. I just finished my Macroeconomics exams UGBS 204 .. and I’m confident I’ll get an A in that paper .. thank you very much
ap on 10th and 12th of may good luck yall
I had to learn about this whole class, by myself so huge help. Taking the exam tommorow
My AP macro exam starts in about half an hour, thank you for putting all this information together in one place
Cram time. We can do this soldiers
a little correction in the background info 25:50 *Trade Surplus = X> M and Deficit = X
Thanks for clarifying. Thought I completely misunderstood the concept for a second.
Good luck to everyone tomorrow
I somehow thought it would be a good idea to try to CLEP out of my Principles of Macroeconomics class, even thought I knew hardly anything about economics. I began studying, panicked, realized I was in over my head .... and then found this channel. I entirely believe Mr. Clifford's channel is the ONLY reason why I passed my CLEP test tonight. I pretty much ONLY watched his videos and took all his practice questions. He made everything as simple and understandable as it could be, and I managed to PASS tonight. Thank you so much for being a great teacher, Mr. Clifford. I told everyone if I passed I'd write you a thank you note, but this comment will have to do for now!
this guy literally just saved my whole economics exam lmao my teacher never explained anything as well as this throughout the year, so ow midnight before my exam I find Jacob and suddenly it all makes sense. I'm actually looking forward to sitting my exam now haha
This video and a 10 page google slides are my only source of studying. Looked at both an hour before the test. I’ll be back to post my scores/how i felt i did. Thank you Jacob
here to see what you get lol
@@wonderousraccoon49 he failed and his parents took away his RUclips :( I am his friend
@@wbrady3955 took away his youtube xDD
@@wbrady3955 damn that's tuff
The results don't come right away in his case I guess
Exam delayed, watching this while I wait 😅
I took AP macroeconomics >10 years ago, and this video brought it all back! Thank you!
Can I just say this video is amazing! It gave me so much information, yet it all made super sense and was straightforward. Keep it up!
just finished cramming for ap micro exam and now it’s macro’s turn...
Exam is in 12 hours exactly, time to lock in....
I'm studying mechanical engineering, and we have a subject named micro and macro economy. I got more from this 30 min video in english, than my professor gave me in my mother language. Thank you for it.
your videos really taught me more in 30 mins then what my prof has in months, thanks!!
best of luck to everyone!!!!! les do it