Economics is such a great subject to study for many reasons, but one reason is because you don’t need to remember and regurgitate lots of information. Instead you need to understand it. Once you turn the lightbulb on in your head, it becomes a part of who you are and you couldn’t forget it even if you tried.
In my career until now, I’ve created some resources which help to turn the lightbulb on in your head and I’m sharing them here.
I hope they help you on your journey; let me know if you have any constructive feedback or questions.
Learning – Microeconomics
1.3 Demand and Supply analysis (Y12)
This cut-and-stick flowchart will really help you to see the ‘big picture’ of demand and supply analysis, the most useful tool in microeconomics.
1.5 Market Structures (Y13)
This table summarises and compares the four market structures, producing a one-page revision summary of about a month’s work!
1.6 Labour Market diagrams (Y13)
This table is a great way to consolidate the four main diagrams you need to know for labour markets and to see how they link together.
1.8 Externality diagrams (Y12)
Most new economists hate externalities when they first come across them. This summary and comparison of the diagrams will make them your new best friend!
Learning – Macroeconomics
2 Diagram recap (Y12)
This big cheat sheet shows how you can use the three different models (AD/AS, economic cycle and PPDs) to show a wide range of different scenarios.
2.2 AD/AS Flowchart (Y12)
AD/AS analysis is the most powerful tool to understand the economy. Take any scenario, put it into this flowchart and see how it affects the things that matter most in an economy. This resource is the reason why this webpage exists!
2.4.3 Interest rates Flowchart (Y12)
Most people think interest rates are pretty boring. Once you’ve done this flowchart you’ll see the beauty in them. Don’t believe me? Give it a try!