Learning resources
Short revision notes for O Level and A Level Economics.
I'm preparing revision guides and exam tips for my students. You can read them between lessons, then again in the week before your exam.
Examples only. The real resources aren’t ready yet, so the cards don’t open.
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The resources below are examples that show how this page will work. The real ones aren’t ready yet, so the cards don’t open. I don’t share past papers or mark schemes on this site. You can get them through your school or from Cambridge.
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12 resources
Understanding demand and supply
See which changes shift a demand or supply curve and which only cause a movement along it. Each case has a labelled diagram.
Price elasticity of demand
Find out what PED measures and what makes demand elastic or inelastic. Then look at how a price change affects a firm's revenue, the money it earns from sales.
Inflation explained
Learn the difference between demand-pull and cost-push inflation. You'll see the problems inflation causes and how a government might respond to each type.
How to write a strong Economics essay
Use this simple plan for a 20-mark essay. Define the terms, explain your analysis step by step, discuss both sides and end with a clear judgement.
Common O Level Economics mistakes
How to fix three common mistakes: diagrams with no labels on the axes, describing when the question says “explain”, and definitions that repeat the word.
Four ways to evaluate at A Level
When you evaluate, ask yourself four questions. How big is the effect, and how long does it take? What does the theory assume, and who gains or loses?
Answering a data response question
The data response question in AS Paper 2 and A Level Paper 4 is worth 20 marks. Here's how to use the data in your answers and how long to spend on each part.
Market failure in six diagrams
This guide covers six market failure diagrams, including positive and negative externalities. You'll learn to draw and label each one quickly in the exam.
Fiscal and monetary policy, step by step
In this video, we see how a change in interest rates affects aggregate demand, output, jobs and prices. Then we do the same for a change in government spending.
A revision plan for the final month
How to plan the last four weeks before your exam, when there isn't time to go over every topic again.
Exchange rates and the balance of payments
This article explains why a currency rises or falls in value and who gains or loses. It also shows how a change in the exchange rate can affect the current account.
Command words checklist
O Level uses nine command words and AS & A Level uses seventeen. See what each one asks you to do. For example, “explain” means give reasons and say why or how.
Next step
Practise with me in a trial class.
Notes help you understand a topic. To get marks, you also need to write good exam answers. In a trial class, I teach one topic you find hard. Then you write one exam-style answer and I mark it.