Exam superhero
Jun 23, 2020
1 min read
18 key macroeconomics diagrams for AS level and O level
Updated: Jun 24, 2020
Diagrams are very important for economics exams. Adding a relevant diagram to your essay will bring
a strong support for your argument and will help you score a maximum of marks. A good grasp of
diagrams is also essential for multiple choice questions.
The golden rule for diagrams is that they must be
✓ Accurate
✓ Big
✓ Clear
✓ Adapted to the question
Here is a list of the key macroeconomics diagrams you must be familiar with before sitting for your AS
level or O level economics exam.
Aggregate demand and aggregate supply
1. The aggregate demand curve
The aggregate demand curve
2. The short run aggregate supply curve
2. The short run aggregate supply curve
3. The long run aggregate supply curve
3. The long run aggregate supply curve
4. The long run aggregate supply curve
5. The aggregate demand curve and aggregate supply curve
5. The aggregate demand curve and aggregate supply curve
Inflation and deflation
6. Cost push inflation
6. Cost push inflation
7. Demand pull inflation
7. Demand pull inflation
8. Deflation
8. Deflation
Macroeconomic government policies
9. Expansionary fiscal policy and expansionary monetary policy
Expansionary fiscal polity and expansionary monetary policy
International trade
10. The effect of a rise in net exports
10. The effect of a rise in net exports
11 Trade diversion
11 Trade diversion
12. Trade creation
12. Trade creation
13. Imposition of a tariff
Imposition of a tariff
14. Imposition of a quota
14. Imposition of a quota
15. A fixed exchange rate
15. A fixed exchange rate
16. Managed float
16. Managed float
17. J-curve effect
17. J-curve effect
18. Reverse J-curve effect
18. Reverse J-curve effect