Understanding Present Value

Present Value is a key topic in finance, accounting and economics. This resource intuitively explains why money today is not....

Understanding Present Value

Present Value is a key topic in finance, accounting and economics. This resource intuitively explains why money today is not....

The Two-Period Macroeconomic Consumption Model

A key economic model with micro foundations that explains how consumers make choices over time. In this model, the first....

The Simple Macroeconomic Model Firm Guide

Everything you need to know about the representative firm on one sheet; the three choices they must make – The....

The Simple Macroeconomic Model Consumer Guide

Everything you need to know about the representative consumer on one sheet; the two decisions they must make – The....

The Simple Dynamic Macroeconomic Model

The Dynamic Model Without Money Here we put together all the microeconomic foundations of macroeconomic model to build the Output....

The Search Model of Unemployment

Search Theory of Unemployment Explained This macroeconomic search model assumes that unemployment is primarily frictional, meaning that it is caused....

The IS LM Model Explained

The IS LM Model Explained With Diagrams A key model in economics that assumes both the money supply and the....

The Investment Model

A Deeper Understanding of How Firms Make Their Investment Decisions Investment is a key driving force for economic growth. This....

The Full Dynamic Macroeconomic Model

This revision sheet shows how the three key markets of an economy – the Labour Market, the Goods/Output Market and....

The Dynamic Macroeconomic Model with Money

How the dynamic macroeconomic theory expands with money This document introduces money into our economy, creating a “Cash-In-Advance” transaction constraint,....

Solow Growth Model Explained

This revision sheet – The Solow Growth Model Explained – breaks down the Solow Growth Model into into key equations....

Small Open Economy Model Equilibrium

The Small Open Economy Model at equilibrium with flexible prices A revision sheet for the macroeconomic small open economy model....

Ricardian Equivalence Theory

A commonly misunderstood theory showing that, under very strict conditions and no credit market imperfections, a change in the timing....

Nominal & Real Interest Rates & The Fischer Equation Approximation

What’s the difference between real and nominal interest rates? A clear explanation of the difference between real and nominal interest....

Mixed Strategy Game Theory Examples

Need Some Mixed Strategy Game Theory Examples? Here are some magic (please excuse the pun) mixed strategy game theory examples....

Kuznets Consumption Puzzle

Why does Household Consumption Rise by Less than Countrywide Consumption? Our introduction to consumption begins with a problem that troubled....

Keynesian Sticky Price Model Revision Sheet

What is Sticky Prices? Here is a revision sheet showing the Sticky Price Model in equilibrium. It demonstrates how a....

IS-LM Open Economy Model

The IS LM Open Economy Model with a fixed money supply A revision sheet for the IS-LM open economy model....

IS LM Model Equilibrium

What is the IS LM Model in Macroeconomics? This IS LM model equilibrium is where to begin your macroeconomic revision.....

Income and Substitution Effects

Hicksian Income Effect vs Substitution Effect These vital microeconomic concepts are explained with graphs below. The Hicksian income and substitution....

Fixed Exchange Rate Sticky Price Model

The Sticky Price Model with Fixed Exchange Rate Under the fixed exchange rate sticky price model, monetary policy will be....

Endogenous Growth Models

This macroeconomics revision resource looks at two endogenous growth models: Romer’s Leaning-by-Doing Model The source of unbounded growth in this....

Dynamic General Equilibrium in the Macroeconomic Model

Dynamic General Equilibrium in the Macroeconomic Model This printable revision sheet allows you to test your understanding of exogenous shocks....

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