Economics

Economics in short lessons: how firms price in different market structures, business cycles, fiscal and monetary policy, geopolitics, trade, and exchange rates with the calculations the exam asks for, each with worked examples, charts and exam traps.

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  1. 01

    The Firm and Market StructuresLocked: included in All Access

    8 lessons · ~98 min 45 cards

    How a firm picks its profit-maximizing output, where it breaks even or should shut down, how economies and diseconomies of scale shape long-run costs, how the four market structures differ, how prices and output are set under monopolistic competition and oligopoly, and how concentration measures are used (and misused) to identify market structure.

  2. 02

    Understanding Business CyclesLocked: included in All Access

    6 lessons · ~82 min 41 cards

    How economies swing around their long-run path: the three ways of defining a cycle, the four phases and what households, firms, prices and markets do in each, how credit cycles amplify booms and busts, how labour, capital spending, inventories, consumers and housing move over the cycle, and how leading, coincident and lagging indicators, surveys, nowcasts and diffusion indexes help analysts locate the economy in the cycle.

  3. 03

    Fiscal PolicyLocked: included in All Access

    5 lessons · ~70 min 43 cards

    How governments use spending and taxes to steer the economy: how fiscal policy differs from monetary policy, what it is for, whether a large national debt matters, the tools available and their pros and cons, the fiscal multiplier, and why judging and executing fiscal policy is harder than it looks.

  4. 04

    Monetary PolicyLocked: included in All Access

    8 lessons · ~105 min 45 cards

    What central banks do and why price stability is their overarching goal, the three tools they use (open market operations, the policy rate and reserve requirements), how a rate change travels through the economy, what makes a central bank effective, how inflation targeting and exchange rate targeting compare, when policy is expansionary or contractionary, where monetary policy runs out of power, and how it interacts with fiscal policy.

  5. 05

    Introduction to GeopoliticsLocked: included in All Access

    8 lessons · ~107 min 44 cards

    How geography and politics shape relations between countries, and why investors care: political cooperation versus competition, globalization and its costs, the IMF, World Bank and WTO, the four archetypes of country behaviour, the national security, economic and financial tools of geopolitics, and how to classify, assess and act on geopolitical risk in a portfolio.

  6. 06

    International TradeLocked: included in All Access

    6 lessons · ~77 min 42 cards

    Why countries trade and who wins or loses when they do; how tariffs, import quotas, voluntary export restraints and export subsidies change prices, surpluses and national welfare; and why countries form free trade areas, customs unions, common markets and economic unions, including trade creation, trade diversion and what deeper integration means for investors.

  7. 07

    Capital Flows and the FX MarketLocked: included in All Access

    8 lessons · ~100 min 43 cards

    How the foreign exchange market works and who trades in it, how exchange rates are quoted, how to compute and read percentage changes, the difference between nominal and real exchange rates, the menu of exchange rate regimes from dollarization to free floating, why trade balances and capital flows mirror each other, and why governments sometimes restrict capital flows.

  8. 08

    Exchange Rate CalculationsLocked: included in All Access

    5 lessons · ~64 min 35 cards

    How to build a cross-rate from two quotes against a common currency, why cross-rates must agree with their components (triangular arbitrage), how to read currency moves in percentage terms, and how forward rates follow from spot rates, interest rates and maturity through a no-arbitrage relationship, quoted as forward points or percentages.

Economics in short lessons · Academy · CheapMocks