Microeconomics Graphs Review

Thank you for watching my econ videos. In an AP or introductory college microeconomic course you must draw, shift, and explain a bunch of graphs, including: supply and demand, perfect competition, monopoly, monopolistic competition, monopsony, externalities and more. In this video I explain all the key graphs you need. Make sure that you practice by doing sample free response questions. Thanks again.

Micro Ultimate Review Packet (includes NEW practice free response questions)

[elisabeth]

00:00 — Intro
00:37 — Production Possibilities Curve
01:34 — Supply and Demand
02:17 — Supply and Demand (Price Ceiling)
02:43 — Supply and Demand (Price Floor)
02:57 — Supply and Demand (Excise Tax)
03:26 — Supply and Demand (Trade)
03:57 — Elasticity
05:03 — Short Run Per Cost Curve
06:01 — Short Run Total Cost Curve
06:43 — Long Run Average Total Cost Curve
07:18 — Perfect Competition
09:22 — Non-Price Discrimination Monopoly
10:13 — Monopolistic Competition
10:48 — Natural Monopoly
11:13 — Price Discrimination Monopoly
11:35 — Oligopoly
11:55 — Labor Markets (Minimum Wage)
12:07 — Perfect Competition Resource Market and Firm
12:42 — Monopsony
13:40 — Externalities
14:39 — Lorenz Curve


They are very rough time stamps, but hope it’s helpful.

[Jbad]

Your videos have taught me more in 5 mins than my economics professor has “taught” in a semester. I wish I was getting my money’s worth in college but no one cares anymore, especially the instructors.

[deeksha]

A big thanks to Jacob Clifford. I am a high school senior and gave AP microeconomics 2023. Only self studied the entire syllabus and refered to your last minute reviews before exam. Plus, I had never studied Economics in any of my high school years. Just found this subject interesting and easily grabbbed a 5 on the exam.
For those preparing for AP microeconomics: majority of the the things are based on common sense and general knowledge of how market works. Apart from that just follow this channel and remember the definitions and graph shifttings by heart and no one can take a 5 from you.
Believe in yourself and you're gonne ace it with extreme ease.
🙂🙂🙂🙂✌✌

[aftoncrain]

My AP micro test is next week, immediately after my APUSH exam so this was definitely needed.

[maddoxober]

You're a real one. I learned a semester's worth of econ in just a few hours and I just aced my final. Thank you, thank you, thank you

[sarahseehar]

tomorrow is my test, this man's saved me through the whole year. made it so understandable and fun to learn economics. Def looking forward to a 4 or 5!

[jordanivany]

Perfect timing on this one. Thanks as always Jacob you’re the man

[Sky-qrip]

i really like how you explain what graphs are unlikely to appear, what parts of it are most important, what will likely will and will not draw, because that’s really important to know when you want to prioritize things to study

I ask my econ teacher questions like that and he just tells me it’s all important and i should study everything which is really frustrating when i spend a lot of time studying something that will likely not really be used so this is very helpful

[heavenlystorm]

thank you! everyone with upcoming micro tests needs to watch this, its extremely helpful and easy to understand.

[reemkhalifa]

17 days until my AP test and you just saved me. THANK YOU

[BenJamin-eixl]

4 hours to my exam and YouTube shows me this video
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[silentsongbird]

I have 45 minutes left before I have to go to my AP exam!! Thank you so much!!

[MrYoukaih]

I'm done with school now, but as soon as the goat of economics posted another video I just had to watch it. The nostalgia was hard

[rhythmsinghal]

Micro AP this coming Friday 😱. Thank you so much for summing all the micro Luv ur videos!

[iamrizanila]

Graphs are the most struggling part for me in economics till date.

[parsasamandi]

I’m highly thankful for having you, hope you get whatever you deserve

[Gregory-udzq]

This video was uploaded the day of my microeconomics exam that's insane

[jakebarker]

Exam is in 30 minutes, this channel goes crazy

[velozityzero]

The angelic music that came in when showing MR = MC got a chuckle outta me good job

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