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Videos uploaded by user “No Bull Economics Lessons”
AP Microeconomics Review - Every Graph You Need To Know For The Exam!
 
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http://www.amazon.com/Craig-Medico/e/B00FSFSR5C http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8 Best AP Economics review app for the iPhone, iPod Touch, & iPad. The app contains 500 practice questions for students taking the AP Macroeconomics and/or AP Microeconomics exams and 10 review lectures. Here are all of the key graphs that you need to know for the AP Microeconomics test in only 3 minutes. Learn them, know them, love them. *Note: The negative externality deadweight loss at 2:34 is not the shaded area. It should look like this http://www.mrmedico.info/apps/blog/show/42127285-how-do-you-graph-a-negative-externality- Featuring the Production Possibilities Curve, Supply & Demand, Perfect Competition, Monopoly, Monopolistic Competition, Resource Markets, Externalities, and the Lorenz Curve.
NB2. Circular Flow Model
 
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http://www.amazon.com/Craig-Medico/e/B00FSFSR5C/ref=dp_byline_cont_book_1 In this No Bull Review Session for students of AP Economics, we review the fundamentals of the Circular Flow Model. Video number 4 of the series recaps the interactions of businesses and households through the factor and product markets. Good for Macroeconomics students! For more review and practice questions, check out the No Bull Review books on Amazon and the most downloaded Economics app, "Economics AP," on iTunes. http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8
Top 10 AP Macroeconomics Exam Concepts To Know
 
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Top 10 AP Macroeconomics concepts to know for the AP Macroeconomics exam. This video includes the following concepts: Fiscal policy, spending and tax multipliers, crowding out effect, monetary policy, money multiplier and expansion of money supply, relationships involving Interest Rates, long run economic growth, effects of inflation, relationships between AD/AS and the short run Phillips curve, AD/AS model in long run, and more. http://www.amazon.com/No-Bull-Review-Macroeconomics-Microeconomics-ebook/dp/B00FPP7IVY/ref=sr_1_6?ie=UTF8&qid=1382213175&sr=8-6&keywords=no+bull+review This is a great tool to help you study for the big exam. For more review, check out the "No Bull Review for use with the AP Macroeconomics and AP Microeconomics Exams" book on Amazon and "Economics AP" app on iTunes. FREE STUDY GUIDES AT http://www.mrmedico.info
NB4. Bank Balance Sheet - AP Macro
 
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How to read a commercial bank's balance sheet, including its assets and liabilities. How to calculate the reserve requirement and make a few adjustments to a bank's balance sheet. In this example, you deposit money into your checking account and withdraw an amount that exceeds the bank's required reserves. What does the bank do in a situation like this? It borrows money!
NB1. Shifting Supply and Demand
 
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http://nobulleconomics.com In this No Bull Review video, Mr. Medico presents the determinants of demand and supply. You will see the shift factors of the curves as well as the effects on market price and quantity. Dual shifts of the supply and demand curves are also discussed. For more review and practice questions, check out the No Bull Review books on Amazon and the most downloaded Economics app, "Economics AP," on iTunes. http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8
AP Macroeconomics Review - Every Graph You Need To Know For The Exam!
 
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http://www.amazon.com/No-Bull-Review-Macroeconomics-Microeconomics-ebook/dp/B00FPP7IVY/ref=sr_1_6?ie=UTF8&qid=1382213175&sr=8-6&keywords=no+bull+review Best AP Economics Review Book for 2014! (Kindle/Paperback) http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8 #1 AP Economics review app for the iPhone, iPod Touch, & iPad. The app contains 500 practice questions for students taking the AP Macroeconomics and/or AP Microeconomics exams and 10 review lectures. Here are all of the graphs that you need to know for the AP Macroeconomics test in only 4 minutes 31 seconds. Learn them, know them, live them. Featuring the Production Possibilities Curve, Supply & Demand, the Circular Flow Model, Aggregate Expenditures, Aggregate Demand & Aggregate Supply, the Money Market, Investment Demand, the Loanable Funds Market, the Foreign Exchange Market, the Phillips Curve, Laffer Curve, and the Lorenz Curve. Visit MrMedico.info for explanations, summaries, and study guides so you can prepare to get a 5 on the College Board's Advanced Placement Economics tests.
NB7. Budget Line / Budget Constraint
 
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This No Bull Economics lesson introduces the concept of a budget line or budget constraint. The main ideas behind an individual's budget line is similar to a constant-cost production possibilities frontier. A budget line looks at the different combinations of goods that an individual can afford while a production possibilities frontier looks at the different combinations of goods that an economy can produce. http://nobulleconomics.com
Elasticity of Demand & Marginal Revenue
 
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In this video, we look at the relationships between the price elasticity of demand, marginal revenue, and total revenue. We will use a profit-maximizing monopolist for reference.
Monopoly - Economic Profit
 
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How to graph a monopoly earning an economic profit. You will also learn the differences between price and output of a monopolist compared to a perfectly competitive firm.
Positive Externalities Graph - AP Microeconomics
 
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How to graph positive externalities in AP Microeconomics. This video also reviews how the government can correct a positive externality.
Monopoly - What You Must Know in 5 Minutes - Microeconomics
 
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Monopoly concepts and graphs that you must know for the AP Microeconomics exam in 5 minutes. In this video: 1. Monopoly overview 2. Economic profits 3. Economic losses 4. Inefficiencies of monopolies & deadweight loss 5. Socially-optimal regulation 6. Fair-return regulation 7. Total revenue maximization & elasticity 8. Perfect price discrimination (1st degree) http://mrmedico.info
Perfect Competition - What You Must Know in 4 Minutes - Microeconomics
 
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Perfectly competitive market concepts and graphs that you must know for the APMicroeconomics exam in 4 minutes. In this video: 1. Perfect competition overview 2. Short-run economic profit 3. Short-run economic loss 4. Short-run shut down position 5. Long-run equilibrium http://mrmedico.info
NB2. Gross Domestic Product (GDP)
 
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http://www.amazon.com/Craig-Medico/e/B00FSFSR5C/ref=dp_byline_cont_book_1 In this No Bull Review session, we define the components of a nation's GDP as well as what is excluded from the GDP. For more review and practice questions, check out the No Bull Review books on Amazon and the most downloaded Economics app, "Economics AP," on iTunes. http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8
NB2. Excluded from GDP - What NOT to count
 
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What items are excluded from a nation's gross domestic product? This video goes over 8 important items to exclude when calculating GDP.
Perfectly Competitive Labor Markets - AP Microeconomics
 
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How to graph a perfectly competitive firm hiring labor from a perfectly competitive factor market and how to calculate marginal revenue product (resource demand).
NB2. Frictional, Structural, and Cyclical Unemployment
 
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Frictional vs Structural vs Cyclical unemployment. http://www.amazon.com/Craig-Medico/e/B00FSFSR5C/ref=dp_byline_cont_book_1
Per-Unit vs. Lump-Sum Taxes - AP Microeconomics
 
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Effects of per-unit taxes, lump-sum taxes, per-unit subsidies, and lump-sum subsidies on a firm's profit-maximizing level of output and economic profits. In this video, we use a monopoly graph to illustrate the major effects of the government actions. http://www.mrmedico.info
Price Floors - AP Economics
 
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This video shows how a price floor will lead to a misallocation of economic resources in a given market. You will also see how a floor price will change the area of consumer and producer surpluses. Finally, you will see where to find the area representing deadweight loss from this price control. This is a helpful video if you are taking AP Microeconomics.
Negative Externalities - AP Microeconomics
 
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How to graph negative externalities for the AP Microeconomics exam. This video also shows you where to place the deadweight loss and how the government can correct the externality.
NB3. Contractionary Fiscal Policy Explained
 
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The tools of a contractionary fiscal policy how these tools relate to aggregate demand in the short run.
Per-Unit Tax Graph - AP Microeconomics
 
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How to graph a per-unit tax and its effects in AP Microeconomics. You will be able to locate the area of deadweight loss, tax revenue, consumer surplus, and produce surplus resulting from per-unit taxes.
NB1. Supply and Demand
 
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http://www.amazon.com/Craig-Medico/e/B00FSFSR5C/ref=dp_byline_cont_book_1 No Bull Review books presents this review session on supply and demand. This is helpful for students of AP Economics and all introductory Econ courses. This video also reviews shortages and surpluses. For more review and practice questions, check out the No Bull Review books on Amazon and the most downloaded Economics app, "Economics AP," on iTunes. http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8
Price Ceilings - AP Economics
 
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Effects of a price ceiling in a given market. How to identify the changes in consumer surplus and producer surplus that result from a ceiling price. How government price controls lead to a misallocation of economic resources and create deadweight loss.
NB3. Expansionary Fiscal Policy Explained
 
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The two tools of an expansionary fiscal policy and how these tools relate to the AD/AS model in the short run.
AP Micro Perfect Competition - Short Run Profit
 
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How to graph a perfectly competitive firm and market side-by-side, and how to illustrate a firm earning a short-run economic profit.
NB1. Economics, Scarcity, and Resources
 
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http://www.amazon.com/Craig-Medico/e/B00FSFSR5C/ref=dp_byline_cont_book_1 This is Economics No Bull Review session 1 that covers the definitions of Economics, Scarcity, Factors of Production, and Opportunity Cost. This is a good starting point for students in AP Economics or introductory college courses. For more review and practice, check out No Bull Review books on Amazon and the best-selling "Economics AP" apps on iTunes.
Game Theory - AP Microeconomics
 
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How to find a firm's dominant strategy and the Nash equilibrium in a game theory matrix. This applies to oligopoly behavior. You will also see an example of the prisoner's dilemma.
NB1. Production Possibilities Curve (Frontier)
 
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http://www.amazon.com/Craig-Medico/e/B00FSFSR5C/ref=dp_byline_cont_book_1 This is AP Economics Review Session 2 covering the Production Possibilities Curve (Increasing Opportunity Cost and Constant Opportunity Cost). For more review and practice, check out No Bull Review books on Amazon.com and the most downloaded Economics app, "Economics AP," on iTunes.
NB1. Absolute Advantage, Comparative Advantage, and Trade
 
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http://nobulleconomics.com In this classic No Bull Review video, you will learn how to identify which economy has an absolute advantage and comparative advantage. You will be able to identify which country should specialize and export which product. Lastly, you will be able to see if the terms of trade are beneficial for an economy.
Long Run Eq. Monopolistic Competition
 
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Monopolistic Competition in the long run! Here is the lowdown on the firm in long run equilibrium and understanding the concept of excess capacity.
Monopoly Economic Loss Graph
 
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How to graph a monopoly minimizing economic costs and showing an economic loss.
NB8. Top 10 Costs of Production Concepts of Microeconomics
 
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Episode 8: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you need to know about production costs for a firm, including marginal analyses in the short run and long run. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics. http://mrmedico.info #1. Diminishing Marginal Returns #2. Marginal Product & Average Product #3. Economic Profit vs. Accounting Profit #4. Types of Costs #5. Calculating Costs #6. Total Revenue & Marginal Revenue #7. Profit Maximizing Rule #8. Per-Unit Tax vs. Lump-Sum Tax #9. Short Run vs. Long Run #10. Long-Run Average Total Cost Curve
Black Death - Economic Models in History
 
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Applying basic economic models to historical events. In this video, we look at the economic effects of the Bubonic Plague in Western Europe. We focus on the production possibilities frontier, AD/AS, labor market, and other markets.
Monopoly and Consumer Surplus
 
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How to illustrate the area of consumer surplus under a monopoly and how it compares to consumer surplus under a perfectly competitive market.
Monopolistic Competition - SR Losses
 
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This video explains how to sketch a firm incurring a short-run economic loss in the monopolistically competitive model. In the long run, firms like this would consider exiting the industry. The remaining firms will break even.
AP Micro Perfect Competition - Short Run Loss
 
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How to illustrate a perfectly competitive firm taking a short-run economic loss using side-by-side graphs.
Monopolistic Competition Economic Profit
 
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How to draw a firm operating in a market that is monopolistcally competitive. In this video, the firm is earning an economic profit in the short run. This model is very useful in understanding the key market structures in AP Microeconomics.
Wage Elasticity of Labor Supply & Interest Rate Elasticity of Savings
 
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In this No Bull Economics lesson, we will look at the wage elasticity of supply formula and labor supply curves. We will also consider the elasticity of savings in respect to interest rates. Not all economists agree on the elasticities of everything, but the formulas and concepts are still very important in terms of thinking from the economic perspective. http://nobulleconomics.com
NB3. Top 10 AD-AS and Fiscal Policy Concepts of Macroeconomics
 
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Episode 3: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you must know for the aggregate demand and aggregate supply model, fiscal policy, spending and tax multipliers, and self-correction in the long run. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics. http://mrmedico.info http://gum.co/top10econ ___ Top 10 Concepts in this video: #1. AD/AS – Long-Run Equilibrium #2. AD/AS – Recession in Short Run #3. AD/AS – Recession in Long Run #4. AD/AS – Inflation in Short Run #5. AD/AS – Inflation in Long Run #6. Fiscal Policy and Budget Deficits #7. Expansionary Fiscal Policy in Short Run #8. Contractionary Fiscal Policy in Short Run #9. Spending Multiplier #10. Tax Multiplier ___ About Mr. Medico: Mr. Medico is an Economics educator in New York with over a decade of classroom experience. He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). Mr. Medico is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway and was recently a featured guest on episode 27 of the Economics Rockstar podcast. Mr. Medico is the Macroeconomics instructor for the Junior State of America summer school at Princeton University.
NB6. Top 10 International Sector Concepts of Macroeconomics
 
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Episode 6: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you need to know about international trade, balance of payments, and foreign exchange. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics. http://mrmedico.info http://gum.co/top10econ ___ Top 10 Concepts in this video: #1. Current Account vs. Capital (Financial) Account #2. Trade Deficit in Short Run #3. Benefits of Trade #4. Barriers to Trade #5. Causes of Appreciation #6. Causes of Depreciation #7. Foreign Exchange Graph #8. Foreign Exchange – Increased Interest Rates #9. Foreign Exchange – Decrease in Aggregate Income #10. Interest Rates Summarized ___ About Mr. Medico: Mr. Medico is an Economics educator in New York with over a decade of classroom experience. He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). Mr. Medico is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway and was recently a featured guest on episode 27 of the Economics Rockstar podcast. Mr. Medico is the Macroeconomics instructor for the Junior State of America summer school at Princeton University.
NB4. Top 10 Banking & Monetary Policy Concepts of Macroeconomics
 
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Episode 4: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you need to know about money, monetary policy, money markets, and the deposit expansion multiplier. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics. http://mrmedico.info http://gum.co/top10econ ___ Top 10 Concepts in this video: #1. Functions of Money #2. Defining Money Supply #3. Bank’s Balance Sheet #4. Interest Rates and Spending #5. Monetary Policy #6. “Easy” Monetary Policy in Short Run #7. “Tight” Monetary Policy in Short Run #8. Interest Rates and Bond Prices #9. Money Multiplier #10. Present and Future Value of Money ___ About Mr. Medico: Mr. Medico is an Economics educator in New York with over a decade of classroom experience. He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). Mr. Medico is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway and was recently a featured guest on episode 27 of the Economics Rockstar podcast. Mr. Medico is the Macroeconomics instructor for the Junior State of America summer school at Princeton University.
Monopoly and Deadweight Loss
 
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How to show the area of deadweight loss resulting from a monopoly. Learn how a monopoly pricing and output strategies lead to allocative inefficiency.
NB5. Top 10 Macroeconomic Theories, Policies, and Growth Concepts of Macroeconomics
 
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Episode 5: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you need to know about classical theory, Keynesian theory, monetarism, crowding out effect, short-run and long-run Phillips curves, loanable funds market, and economic growth. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics. http://mrmedico.info http://gum.co/top10econ ___ Top 10 Concepts in this video: #1. Classical vs. Keynesian Economics #2. Criticisms of Fiscal & Monetary Policy #3. Long-Run Economic Growth #4. Real Interest Rates & Growth #5. Loanable Funds – Crowding Out Effect #6. Loanable Funds – Savings #7. Phillips Curve – Aggregate Demand #8. Phillips Curve – Aggregate Supply #9. Phillips Curve – Inflation Expectations #10. Phillips Curve in the Long Run ___ About Mr. Medico: Mr. Medico is an Economics educator in New York with over a decade of classroom experience. He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). Mr. Medico is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway and was recently a featured guest on episode 27 of the Economics Rockstar podcast. Mr. Medico is the Macroeconomics instructor for the Junior State of America summer school at Princeton University.
NB7. Elasticity Types - Measuring Responsiveness
 
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In this No Bull Economics lesson, we discuss how to measure the responsiveness, or elasticity, of anything. This video refers to the price elasticity of demand, price elasticity of supply, income elasticity of demand, cross price elasticity of demand, wage elasticity of demand, wage elasticity of supply, interest rate elasticity of savings, and interest rate elasticity of borrowing. After looking at these basic elasticity formulas, you will definitely see a pattern! http://nobulleconomics.com
AP Economics Comparative Advantage and Trade
 
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http://www.amazon.com/No-Bull-Review-Macroeconomics-Microeconomics/dp/1469939290/ref=sr_1_1?ie=UTF8&qid=1341590356&sr=8-1&keywords=no+bull+review In this No Bull Review video for students of AP Economics, we go over Absolute Advantage, Comparative Advantage, and Trade. You will learn how to determine whether a terms of trade will benefit the economies involved. This is No Bull Review video number 3 in the series. For more review and practice questions, check out the No Bull Review books on Amazon and the most downloaded Economics app, "Economics AP," on iTunes. http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8
NB1. Top 10 Basic Concepts of Economics (Macro / Micro)
 
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Episode 1: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you must know for the first unit of economics class. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics. ___ Top 10 Basic Concepts: #1. Scarcity #2. Opportunity Cost #3. Production Possibilities Curve #4. Law of Increasing Cost #5. Absolute vs. Comparative Advantage #6. Diminishing Marginal Utility #7. Supply and Demand #8. Shortage vs. Surplus #9. Shifts in Demand and Supply #10. Dual Shifts of Demand and Supply ___ Website: http://mrmedico.info eBook: http://gum.co/top10econ Twitter: @mrmedicoinfo Instagram: @mrmedico ___ About Mr. Medico: Mr. Medico is an Economics educator in New York with over a decade of classroom experience. He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). Mr. Medico is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway and was recently a featured guest on episode 27 of the Economics Rockstar podcast. Mr. Medico is the Macroeconomics instructor for the Junior State of America summer school at Princeton University.
Producer Surplus - AP Microeconomics
 
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Markets create surpluses for the producer. This video defines the concept of producer surplus and shows you how to identify the area of producer surplus in a product market.
NB1. Economic Theories and Models: An Introduction
 
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When you learn economics, you are really learning a new way of thinking about the world. Economic theories and models can help us understand peoples' behaviors and how to approach and solve all kinds of problems. This No Bull Review video goes over the importance of marginal thinking, opportunity costs, incentives, and why developing economic theories and models are so important. http://nobulleconomics.com
AP Macroeconomics Graphs Made Easy
 
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Here are the most important graphs to know for the AP Macroeconomics exam. This is a crash course of the most important models that you are responsible for drawing and interpreting on the test. Consider these graphs to be the Top 6 models that you must know to pass the exam. This video reviews the Production Possibilities Frontier, AD/AS Model, Money Market, Loanable Funds Market, Phillips Curve, and Foreign Exchange Market. Visit http://www.mrmedico.info for more study guides.