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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
The aggregate demand curve

2. The short run aggregate supply curve

2. The short run aggregate supply curve
2. The short run aggregate supply curve

3. The long run aggregate supply curve

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
5. The aggregate demand curve and aggregate supply curve

Inflation and deflation


6. Cost push inflation

 Cost push inflation diagram
6. Cost push inflation

7. Demand pull inflation

Demand pull inflation diagram
7. Demand pull inflation

8. Deflation

 Deflation diagram
8. Deflation


Macroeconomic government policies


9. Expansionary fiscal policy and expansionary monetary policy

 Expansionary fiscal polity and expansionary monetary policy diagram
Expansionary fiscal polity and expansionary monetary policy

International trade


10. The effect of a rise in net exports


 The effect of a rise in net exports diagram
10. The effect of a rise in net exports

11 Trade diversion

 Trade diversion diagram
11 Trade diversion

12. Trade creation

Trade creation diagram
12. Trade creation

13. Imposition of a tariff

Imposition of a tariff diagram
Imposition of a tariff

14. Imposition of a quota

 Imposition of a quota diagram
14. Imposition of a quota


15. A fixed exchange rate




A fixed exchange rate diagram
15. A fixed exchange rate

16. Managed float

 Managed float exchange rate diagram
16. Managed float

17. J-curve effect


 J-curve effect diagram
17. J-curve effect


18. Reverse J-curve effect


 Reverse J-curve effect diagram
18. Reverse J-curve effect

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