A2 Economics Diagram Checklist

I was jotting down last night a checklist of diagrams that are fairly core to our own A2 economics courses (we take AQA) - partly in response to a student who suggested that AS diagrams might suffice in the exam! Here is my checklist for A2 macro and micro - but I am sure to have missed some out so please add suggestions in the comment box! I hope this might be useful for those taking their A2 modules in January 2011

A2 Micro (unit 3)

Flat rate and ad valorem taxes
Incidence of tax and impact on consumers and producers
Short run and long run cost curves
Law of diminishing returns and effect on costs
Economies and diseconomies of scale
Minimum efficient scale - different MES shown using LRAC curves
Profit maximisation and alternative objectives of the firm including revenue maximisation and normal profit
Perfect competition
Shut down and break-even in the short run
Showing economic efficiency e.g. productive and allocative efficiency
Natural monopoly LRAC
Monopoly price and profits in short run and long run
Price discrimination diagrams (1st degree, 2nd degree and 3rd degree etc)
Changes in variable costs and effect on price, output and profit for a business (extend analysis by changing the price elasticity of demand)
Changes in fixed costs and effect on output and profit
Welfare effects of monopoly including deadweight loss of welfare
Non-collusive oligopoly inc kinked demand curve diagram
Cartels - price fixing and impact on individual firms within the cartel
Market contestability diagram - showing range of possible price and output combinations
Externalities and market failure
Carbon tax diagram
Carbon trading diagram (e.g. EU ETS) - simple supply and demand analysis
Labour market diagrams – wage determination in a competitive labour market
Minimum wage
Monopsony in the labour market
Trade union intervention in the labour market
Trade union set against a monopsonistic employer - effects on wages and employment
Labour demand and supply - effects of higher productivity / fall in demand for final good or service

A2 Macro (Unit 4)

AD-AS analysis to show external demand and supply-side shocks to an economy
Inflationary and deflationary (output) gaps
Trade / business cycle diagrams
Crowding out / loanable funds markets
Phillips Curve (both SR and LR, expectations augmented etc
NAIRU
Natural rate of unemployment / changes in aggregate supply of and demand for labour
Laffer Curve
Gini Coefficient / Lorenz Curve for showing relative poverty / inequality
Comparative advantage and gains from trade (PPF diagrams and supply-demand analysis)
Protectionism and welfare diagrams e.g. tariffs / quotas / export subsidies
Trade creation arising from a customs union
Trade diversion arising from a customs union
Currency intervention to manage the exchange rate
J Curve effect following a depreciation/devaluation of the exchange rate
FDI and economic growth effects (e.g. shifting AD and LRAS effects)

Unit 3 Micro: Game Theory and Business Economics [21 May 2012]
Unit 2 Macro: The Output Gap [20 May 2012]
Unit 1 Micro: Revision Presentation on the Price Mechanism [16 May 2012]
Improving Evaluation Skills in Economics Exams [16 May 2012]
Final Speaker Line Up for the Economics Teacher Conference 2012 [15 May 2012]
Unit 1 Micro: Revision Quiz and Game on Market Prices [10 May 2012]
Unit 3 Micro: Innovation in Markets [10 May 2012]
Unit 1 Micro: Getting Higher Marks for Evaluation! [9 May 2012]
Command Words in Questions [9 May 2012]
Unit 2 Macro: 10 Key Revision Topics for EdExcel [7 May 2012]
Exam Technique for Economics - Weesteps to Evaluation [5 May 2012]
Macro Revision - Key Statistics on the UK Economy [4 May 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
Preparing for the AS Economics Macro Paper 2012 [19 Apr 2012]
Unit 3 Micro: Key Diagrams for Business Economics [17 Apr 2012]
Ukraine Hotel ‘Bandits’? [12 Apr 2012]
Unit 3 Micro: Quiz on Market Structures [11 Apr 2012]
Apple Being Naughty! [11 Apr 2012]
Government Intervention in the Energy Market [11 Apr 2012]
Unit 3 Micro: Evaluation Question on Supermarkets [11 Apr 2012]
Unit 3 Micro: Revision on Entry Barriers [10 Apr 2012]
Unit 3 Micro: Revision on Price Discrimination [9 Apr 2012]
Twitter - Help with Economics Revision [8 Apr 2012]
Unit 3 Micro: Revision on Monopoly Price and Output [6 Apr 2012]
Unit 2 Macro: Inflation and the Business Environment [6 Apr 2012]
Unit 2 Macro: How the Economic Cycle affects Businesses [6 Apr 2012]
Mortgage interest rates, LIBOR and game theory [3 Mar 2012]
Economics Revision Workshops - Session Topics [16 Feb 2012]
Post-Easter 2012 Revision Workshops for A Level Economics [16 Jan 2012]
AS and A2 Economics Revision Workshops in Spring 2012 (update) [16 Jan 2012]
The future’s not so bright for Orange(s)? [13 Jan 2012]
Essential Economics 2012 - the Economics Booster CPD Course (20 June 2012) [13 Jan 2012]
Revision Presentation: Economics Evaluation Skills [10 Jan 2012]
Exam Advice: 10 Ideas for a Better Economics Paper [10 Jan 2012]
AS and A2 Economics - 10 Ways to Improve Evaluation [4 Jan 2012]
The Eurozone Crisis Explained (again!) [22 Dec 2011]
Unit 3 Micro: Oligopoly and Duopoly in Bus Markets [20 Dec 2011]
Graphs of 2011 [13 Dec 2011]
Keeping it local [24 Nov 2011]
Analysis and evaluation - do monopolies always make supernormal profits? [21 Nov 2011]
Unit 2 Macro: A Prezi on Unemployment Policies [16 Nov 2011]
Trading Troubles [29 Oct 2011]
Collusion in the Classroom [8 Oct 2011]
Define That Term - Perfect and Monopolistic Competition [1 Oct 2011]
econoMAX 2011/12 [26 Sep 2011]
AQA AS ECON1 - Specification Resource Map [15 Sep 2011]
Study Note - What is Macroeconomics? [13 Sep 2011]
UK Macro: Risks of a Double Dip Recession [12 Sep 2011]
Slicing up the Apple - globalisation graphic [22 Aug 2011]
Beyond the Bike - Video of the First Two Weeks [8 Aug 2011]
Economics 1 Manchester United 0 [20 Jul 2011]
Tech & Pop Culture in Teaching Economics [17 Jul 2011]
Beyond the Bike - Stuart’s Epic Economic Cycle [17 Jul 2011]
7 Reasons why Teachers should Blog [7 Jul 2011]
Nine Great Reasons for Economics & Business Teachers to use Twitter [28 Jun 2011]
tutor2u June 2011 Economics Teacher Conference [18 Jun 2011]
Connecting to Digital Natives (and some great ads!) [17 Jun 2011]
RES Essay Competition 2011 - Shortlisted Essays [13 Jun 2011]
Economics Teachers on Twitter [6 Jun 2011]
AS Macro: Preparing for Unit 2 (May 2011) [25 May 2011]
AS Macro Key Term: Supply-Side Policies [25 May 2011]
PIIGS on the chopping block? [24 May 2011]
A2 Micro: Oligopoly [20 May 2011]
A2 Micro: Price Discrimination [19 May 2011]
A2 Micro: Entry Barriers in Markets [19 May 2011]
A2 Micro: The Importance of Profit [19 May 2011]
A2 Micro: Market Structure, Conduct & Performance [19 May 2011]
Unit 3 Micro: Perfect Competition [19 May 2011]
A2 Micro: Competition and Efficiency [19 May 2011]
AS Micro: Last-minute Unit 1 Exam Tips! [11 May 2011]
Economics Resources & CPD - Your Suggestions Welcome [9 May 2011]
Interest Rates Held at 0.5% once again [5 May 2011]
AS Macro: Extended House Price Deflation? [5 May 2011]
A2 Micro: Innovation in Markets [4 May 2011]
What America makes [4 May 2011]
AQA ECON2 - Rapid Revision Q&A Now Available [3 May 2011]
UK Economy Revision Briefing May 2011 [1 May 2011]
AS Micro: Revision on Government Failure [1 May 2011]
Video Clips on the Chinese Economy [1 May 2011]
A2 Micro Revision - Key Terms and Glossary [30 Apr 2011]
EU Enlargement - Evaluating the Impact [30 Apr 2011]
A2 Micro: EU Aviation - State Aid and State Ownership [28 Apr 2011]
New! OCR A2 Economics Unit F584 Transport Economics Rapid Revision Q&A 2011 [27 Apr 2011]
Economics Recommended Reading - Summer 2011 [26 Apr 2011]
Wiki Revision: A to Z on Monopoly [23 Apr 2011]
AS Macro: Conflicts between Objectives [23 Apr 2011]
Royal Economic Society Essay Competition [23 Apr 2011]
AS Micro Revision: Market Power [21 Apr 2011]
Exam Advice: Using Evidence and Examples [18 Apr 2011]
Key AS Micro Terms: Competition and Monopoly [17 Apr 2011]
Exam Advice: Multiple Causation [17 Apr 2011]
UK Economy at a Glance April 2011 [17 Apr 2011]
Soap powder cartel leaves stain on colluders [13 Apr 2011]
Online Economics Revision Help [13 Apr 2011]
AS Macro Key Term: Double-Dip Recession [8 Apr 2011]
Prospects for the UK Economy - Madrid Presentation [5 Apr 2011]
Tutor2u Visits Madrid! [4 Apr 2011]
AS Macro Revision - Key Term Revision Bank [1 Apr 2011]
AS Micro Revision - Key Term Revision Bank [1 Apr 2011]
Exam Advice: Putting Things in Context [1 Apr 2011]

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