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Macro Unit 1 Summary- Basic Economic Concepts (Revised 2020)

Duration: 36:15Views: 389.9KLikes: 5.8KDate Created: Feb, 2020

Channel: Jacob Clifford

Category: Education

Tags: summarymacroeconeconomicsunit 1review#macroeconomicsacdc#cliffordap

Description: 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) acdcecon.com/review-packet

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