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Macro Unit 2 Summary- Measuring the Economy

6661 ratings | 622584 views
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate of unemployment, inflation (12:14), CPI, GDP deflato (17:59), and the causes of inflation (19:52). It also includes a pretty awesome Bonus Round (11:23). Be sure to subscribe and get the ultimate review packet. Thanks for watching. Get the packet and support ACDCEcon http://www.acdcecon.com/#!review-packet/czji Practice Multiple Choice Questions for Macro Unit 2 https://www.youtube.com/watch?v=Ks5MBWBdmQo Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
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Text Comments (331)
Jessica Smith (11 months ago)
Just got the ultimate package!!! I totally recommend it!! I learned in a couple of hours what I couldn't learn in weeks of classes. Thanks, Mr. Clifford! Love your videos!!
Rizz (6 months ago)
^ link is in the description, my dude. http://www.acdcecon.com/review-packet
bad habit Mgwali (7 months ago)
How do you get this ultimate review pack I have been tryin it but i dont get it
Rizz (7 months ago)
Just spend the $12, it really is worth Mr. Cliffords effort.
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NIHAL ANWAR (10 months ago)
yo I juset got the ultimate package too the opportunity cost was my dignity
Sarah Guarino (3 days ago)
I just brought your packet and these videos are a god send! i'm hoping now that this will help me pass my econ class!
Läîbá Mâlìk (3 days ago)
Bestttttttt video. Ever love from Pak
Nick Schobert (3 days ago)
why can't you be my teacher
Yansen Ch (5 days ago)
great video and helpful, especially the 30secs bonus round lolol
Zeynep Demirtaş (7 days ago)
Hi! Your videos are very helpful but i want something from you. For students are from another country like me(Turkey),your talking speed is very fast; if there is no time limit may you talk more slowly?? Thank uuu
Inga Suskevic (8 days ago)
Hi Mr. Clifford. How much is the ultimate package costs please?
Amber Perkins (14 days ago)
apperciate the videos!
Online-Tamil Economics (17 days ago)
I watch your videos for teaching purpose and make videos in my mother tongue Tamil.Thank you for your services.
Shoaib Khan (17 days ago)
Great sir it's very easy and helpful so sir request you kindly send me it soft copy through my Email
// Rutledge (24 days ago)
"Just to cram for a test" why you gotta call me out like that 😂
Siphesihle Ndaba (24 days ago)
Your videos and tutorials are amazing!
Rose (26 days ago)
Love the bonus fight scene video
Luke Gorney [KPHS] (1 month ago)
Been using your material for years. First for me, then for my students. Priceless!!
Township Told (1 month ago)
Thanks Jakey I passed micro because of you
Alex Kanga (1 month ago)
Just know, you out here saving lives. Keep up the good work.
Amirhossein Bagheri (1 month ago)
You are the best. I started with grade D and now I got a B. Thanks Mr. Clifford
Nellie Emma Taylor (1 month ago)
Mr. Clifford you saved my grade in my university Macroeconomics course!! I was lost in a classroom where a prof didn't do his job, and I finally understood what Macroeconomics is all about. A million times thank you, I review your videos and my textbook before every test and haven't had any issues since I found this on YouTube!
LakeSkateMedia (1 month ago)
Mr. Clifford what is your venmo
Antonio Romayor Jr (1 month ago)
No better resource! Purchase the packet. It is well worth it. I read over 180 pages of textbook material. Without the individual videos, summary videos and the videos included with the packet, I would have not been successful in passing my college Macro and Micro classes. Go Mr. Clifford! #WGU #EconHerpes
audrey ch (1 month ago)
4:38 i knelt
Papa G (1 month ago)
I just wanted to let you know that you have been the best educator I have had. I was not too thrilled about this class although after the first video you have made me want to learn more. With your enthusiasm, you have sparked further interest in this topic. Thank you! I will recommend you to other students! Again you're awesome!
mitsuid_dave dingle (2 months ago)
national income is not yet the gdp right? so what is the formula for gdp using income approach?
mitsuid_dave dingle (2 months ago)
and how about the taxes in production and imports? is it not included in computation of national income? because in the book i'm using its included, just confused
Carey Miller (2 months ago)
Where do you get the energy???
Oglala Gags (2 months ago)
thank you very much, Mr Clifford! BTW you are thinner and more handsome now than you are in 2011 videos!
Tabitha Lloyd (2 months ago)
Was that 30 break chreographed?
andy chang (3 months ago)
Somebody correct me if I'm wrong, but Jacob said that inflation leads to less lending, because of higher interest rates. I thought it was the other way around, if theres more money in supply that leads to more inflation but lower interest rates. Could he mean that if there is higher inflation, banks want to lend less, because they know the money they will get back will be less valuable?
Mariah phalange (3 months ago)
kahooters
Michael Provost (3 months ago)
He looks haggard
Syamilah (4 months ago)
Cpi 15:41
Ethan Pongracz (4 months ago)
"if you're not using this video to cram for a test" me: yes, yes i am
Shubhashree Khilar (4 months ago)
Thank you very much sir for clarify the basic concept....and ur teaching style is really awesome...
Jokage (4 months ago)
"YOU GOT REPLACED" DANG Mr. C you calling out and beefing with the lumberjacks
Ms. Chocolatey (4 months ago)
OMGDP!!! YOU ARE THE ECON GOD!! THANKS FOR TEACHING!
Fusion (4 months ago)
You're amazing at this! Thanks for the help :D
Andrea Tanio (5 months ago)
you talk tooo fast
Walsh World (5 months ago)
Your the best man, you and JOCZ made AP Econ and apush absolute jokes and easy As
Trying to learn (5 months ago)
Can you please explain "hurt by inflation", Lenders who lend money at a fixed interest rate). If I buy a house for $1 mio at 1.5 % interest. And there comes inflation. Then my salary will be adjust to that interest (In Denmark the unions negotiates this for the workforce). Then based on my higher income, I see it as the the "actual" value of my debt of $1 mio has actually been reduced based on my (now) higher income. Is this a misunderstanding of inflation?
Ulduz Ismayilova (5 months ago)
What you do is amazing!Thank you so much!
vanessa chen (5 months ago)
your video always give me a big help, I will buy your Ultimate package.
Alec (5 months ago)
"I recommend watching these videos if you're not cramming for a test" Lol gooood one Mr C, you know why im here
mustafa Adam (5 months ago)
Thanks sir
Erin Siqueira (5 months ago)
saved me
Samvit Agarwal (6 months ago)
Hey, I was a bit confused about the calculation for GDP deflator. Since the Real GDP(which is needed to calculate GDP deflator) takes into account inflation in the first place, wouldn't you need to know the inflation anyways? If so, how does calculating the GDP deflator help?
Ikram Mughal (6 months ago)
How can I get this review packet?
Mel C. (6 months ago)
So I took Macro and Micro economics over 10 years ago in college and decided to get educated in preparation of returning to school for a graduate degree. I wish you were around in 2004 (when I graduated) because I would have gotten more than my C- that I scraped by at. You are fantastic teacher and making it relatable and breaking it down Barney-style. Keep these videos going!
Muhammad Ameen Shaik (6 months ago)
Thanks alot. Your vids really help me. It gives me a better understanding of my especially since im in matric. Just on the side how do i get your package.
Hillary Derksen (6 months ago)
I wish I found your videos before the day of my final.. you actually make the mess make sense! Thanks for posting these!
Taewon Chung (7 months ago)
I also got the packet today. This thing is totally worth it. I highly recommend it to all AP Econ students. Thank you.
druzy woozy (7 months ago)
that bit with the kids killed me actually a guy from the tech university in israel told me that's the best way to learn to have a break when you can't concentrate (it's the 15th best university in the world for computer engneering)
Ashley Frazee (7 months ago)
great videos. Ive got the review packet and its also worth the cost. Question: is an engine produced in a country counted in GDP even though its made to go in a car?
السلام عليكم (9 months ago)
Speaking too fast like those late night tv commercials selling you stuff u will never use. Content is good but delivery ....
Jan Letsoalo (9 months ago)
HI MR Clifford I really benefit from your videos. I dont know how to thank you, it takes short time to learn your work. I wanna thank you. ( RSA)
lincy koshy (9 months ago)
Can you add a video on new keynesianism?
Tony Hoàng Long (3 months ago)
Wow, your video is absolutely great. But just 1 thing to point out, which nobody has yet noticed, is that a problem occurs with your mathematical calculations at 19:00. You said: "[...] Right? From 125 up to 150, that's an increase of 20%". Ok, shouldn't it be 25%? Anyways, I bet it was just a mistake, so don't worry! Thank you for the lesson.
Suood Alshehhi (9 months ago)
What is the different between deflator and deflation? Are they the same??
jamacale laam (9 months ago)
This is amazing .Keep it up
Reed Harvey (9 months ago)
Thank you so much!!!! U are seriously the greatest teacher on earth! U are helping me sooooooooo much!!
SCHRODINGER’S CAT (9 months ago)
this is just great.so glad when I find channels like these
shonel jonathan (10 months ago)
Thank you MR. Jacob for these amazing videos and movies it really changed my lifestyle
Jock Mitchell (10 months ago)
You knocked over my economics teacher in the mosh pit of an ACDC concert so i dont like u very much
Nafura (10 months ago)
So will there be a time in the future where, say, a water bottle might cost $50?
TheKillingBeast (10 months ago)
using this the day before my theme 2 exam lol
dylan park (10 months ago)
Ultracramming!!!
Sirus Fischbacher (10 months ago)
when he's breaking down the components of GDP the mouse is moving but his hands aren't on it... I want answers...
Simon ! (10 months ago)
where my 5 squad at?
amazia the guy (10 months ago)
AP in 2 days!!! Thx for the help :)
Kangmin Kim (10 months ago)
Actually At first I didn't purchased but now I've purchased for this Ur awesome Mr. Clifford! Better than any Asian teacher
Brenden Cannon (10 months ago)
If I pass this final. I stg I’ll find u and thank you in person
ken Ng (10 months ago)
That is the good tutor I never see it LoL Our school most of the tutor teacher are read the power point LOVE YOU
Esi Dentu (10 months ago)
I have my finals tomorrow and your videos have been of maximum help! Thank you Jacob Clifford!
Glenn Watson (10 months ago)
Is the packet the same every year or is it different? I bought it last year and it was very helpful.
XIAOXIAO,Julia YU (10 months ago)
Can you please do a user cost and RAB? If Facebook should charge user cost or we charge Facebook¿
Mosa Fahim (10 months ago)
just awsome ...........
Karim El Baba (10 months ago)
Really, this is amazing! Love it
Hayley Vella (11 months ago)
I just have one question that I can't understand at all. I found that the answers to the Income and Expenditure approach to calculate National Income are equal. I'm alright till there because GNI = GNE. But, then i found that these answers are equal to GDP. But since GNI = GNE = GNP, that would make GDP equal to GNP which I know is not true. Can you help me in this difficulty?
Delcio (11 months ago)
Why do I learn more here than in 3hrs lectures?!
Zayn Zazo (11 months ago)
(At 19.05) it should be 25% not 20%
Lu Zhang (11 months ago)
I just got the ultimate package and I honestly think everyone should get it, I am an international student and Im fully understand the summary video and Mr. Cifford must worked hard on these videos and people who watched and benefit from it should show support to him, the pakage is much cheaper then tutor and textbook and its much better than tutor and even the professors.
Kaydan Pascual (11 months ago)
I love watching Mr Clifford Econ tutorials ,it made me understood Economics and i can relate with out using a lot of information just concepts
Mercy Tsitsi Whenga (1 year ago)
thank you sir...
Matthew Avis (1 year ago)
Struggling in macro? BUY. THE. ULTIMATE. GUIDE. You will thank me later.
Avi Gupta (1 year ago)
you are better than my ap macroeconomics teacher. thank you, you selfless human being. may god bless you forever, and my teacher come to understand that you are the REAL teacher
uni cubing (1 year ago)
Can you make video on accountancy you explain really well
Alexander Miller III (1 year ago)
thanks bro
Drew Guyor (1 year ago)
Thank you 🙏🏼
RedstoneMiner66756 (1 year ago)
Very helpful!
Teri White (1 year ago)
where is 2.4 in macro?
Zina Hijjawee (1 year ago)
god blesss you Mr. Clifford, i swear :D :D :D
Alex (1 year ago)
Legend
son flower (1 year ago)
Couldn’t download study guide
Yasitha Seneviratne (1 year ago)
My mom walked in exactly when the bonus round started😒
lol cats (19 days ago)
Same
Aklilu Mathewos (1 year ago)
a good video
Mario DeMarco (1 year ago)
You're a good father. Love the intermission show. Cheers from Canada.
Matt Desrosiers (1 year ago)
oh come off it that wasnt that violent! (just kidding not trying to offend anyone, or tell them how to parent)
Junjuan He (1 year ago)
I just bought my first review packet and big thanks Jacob for your hard working!
Matthew Johnson (1 year ago)
these videos helped me get through Macro and micro Econ! very helpful and this guy is great not boring but not over the top
helen (1 year ago)
I love you Mr. Clifford. <3
Feynstein 100 (1 year ago)
I already knew most of this, thanks to CrashCourse Economics (I've watched the entire series twice). What I'm particularly interested in is GDP. I'm from Nepal, which has a GDP per capita of around 2400 USD (2014 estimate). And so I want to know what could be done to boost that figure significantly higher. What I'm looking for is a video about the comparative analysis of the GDPs of various countries, with their respective elements and explanations of why they are that way. If anyone knows of a video like that, kindly point me to it. And Mr Clifford, if you read this, I'm hoping you could make a video on it.
FUTURE S.E (1 year ago)
These videos are very helpful

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