Under: Macroeconomics,
Understanding Present Value
Present Value is a key topic in finance, accounting and economics. This resource intuitively explains why money today is not….
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Under: Microeconomics,
Two Goods Microeconomic Model Guidelines
Maximising Utility subject to a Budget Constraint This revision sheet sets out the fundamental microeconomic model for any two goods….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
The Investment Model
A Deeper Understanding of How Firms Make Their Investment Decisions Investment is a key driving force for economic growth. This….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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,….
Under: Microeconomics,
Substitution and Income Effects Revision Worksheet
Revise the Substitution and Income Effects The substitution effect of a price change always causes the consumer to demand more….
Under: Macroeconomics,
Solow Growth Model Explained
This revision sheet – The Solow Growth Model Explained – breaks down the Solow Growth Model into into key equations….
Under: Macroeconomics,
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….
Under: Macroeconomics,
Ricardian Equivalence Theory
A commonly misunderstood theory showing that, under very strict conditions and no credit market imperfections, a change in the timing….
Under: International Relations,
Realism in International Relations
What is politics all about? Realism in international relations, as its name suggests, claims to be an approach that captures….
Under: Microeconomics,
PPF Questions Revision Sheet
This revision sheet provides a simple, three step approach to tackling PPF questions involving Labour and Capital constraints: Determine how….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
Kuznets Consumption Puzzle
Why does Household Consumption Rise by Less than Countrywide Consumption? Our introduction to consumption begins with a problem that troubled….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
IS LM Model Equilibrium
What is the IS LM Model in Macroeconomics? This IS LM model equilibrium is where to begin your macroeconomic revision…..
Under: Macroeconomics,
Income and Substitution Effects
Hicksian Income Effect vs Substitution Effect These vital microeconomic concepts are explained with graphs below. The Hicksian income and substitution….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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….
Under: Macroeconomics,
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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