Economics: Learn Micro & Macro

Economics helps you learn economics step by step: a clear introductory course in microeconomics and macroeconomics with 56 topics in 15 sections, 43 original graphs, 65 worked examples and 128 practice questions.

From supply and demand and elasticity to GDP, inflation, the AD–AS model and monetary policy, every lesson is written in plain language and works offline.

Each topic explains the idea first, then the graph and the formula. Worked examples use simple invented numbers that you can follow and check yourself.

What you will learn

• Economic Thinking: scarcity, opportunity cost, thinking at the margin, models, and positive versus normative statements

• Production and Trade: the production possibilities frontier and comparative advantage

• Demand and Supply: demand and supply curves, market equilibrium, shortages and surpluses, shifts versus movements, and solving equilibrium with equations

• Elasticity: price elasticity of demand with the midpoint method, the total revenue test, and income, cross and supply elasticity

• Surplus and Government Intervention: consumer and producer surplus, price ceilings and floors, taxes, tax incidence and deadweight loss

• Consumer Choice: utility, diminishing marginal utility, the budget line and indifference curves

• Production and Costs: marginal product, economic profit, short-run cost curves (MC, AVC, ATC) and economies of scale

• Market Structures: perfect competition, monopoly, monopolistic competition, and oligopoly and game theory

• Factor Markets: labour markets and wages, capital, land, interest and present value

• Market Failure: externalities, public goods, common resources and information problems

• Measuring the Economy: gross domestic product (GDP), real GDP and the GDP deflator, unemployment, the consumer price index (CPI) and inflation

• Growth, Cycles and AD–AS: economic growth and the rule of 70, business cycles, aggregate demand and aggregate supply

• Fiscal and Monetary Policy: fiscal policy, the multiplier, money, banks and the money multiplier, central banks and monetary policy

• International Economics: trade policy and tariffs, exchange rates and the balance of payments

• Reference: a formula sheet and a glossary of 105 key economics terms

Features

• 56 economics topics in 15 sections, covering both microeconomics and macroeconomics

• 43 original graphs: supply and demand, consumer and producer surplus, deadweight loss, cost curves, monopoly, externalities, the circular flow, AD–AS and more

• 65 worked examples with step-by-step numbers

• 128 practice questions with tap-to-reveal answers

• Formulas with the meaning of each symbol, plus a formula sheet

• Search all economics lessons from the home screen

• Dark mode

• Works offline, no account needed

• Available in 8 languages: English, Español, Português, Français, Deutsch, العربية, हिन्दी and Bahasa Indonesia

Who it is for

• High school students who want to learn economics or review it before tests; useful when revising for AP Microeconomics, AP Macroeconomics or A-level Economics

• College and university students taking an introductory course in microeconomics or macroeconomics

• Anyone who wants to understand how markets and the whole economy work

Economics is an independent study aid. Content is based on the OpenStax Principles of Economics textbook (3rd edition), with definitions checked against the International Labour Organization (ILO), the UN System of National Accounts 2008, the IMF Balance of Payments Manual (BPM6) and central bank publications. It is not affiliated with any exam board, textbook publisher, university or official body.