18 key macroeconomics diagrams for AS level and O level

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.

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Aggregate demand and aggregate supply

1. The aggregate demand curve

The aggregate demand curve

2. The short run aggregate supply curve

2. The short run aggregate supply curve

3. 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

Inflation and deflation

6. Cost push inflation

6. Cost push inflation

7. Demand pull inflation

7. Demand pull inflation

8. Deflation

8. Deflation

Macroeconomic government policies

9. Expansionary fiscal policy and expansionary monetary policy

Expansionary fiscal polity and expansionary monetary policy

International trade

10. The effect of a rise in net exports

10. The effect of a rise in net exports

11 Trade diversion

11 Trade diversion

12. Trade creation

12. Trade creation

13. Imposition of a tariff

Imposition of a tariff

14. Imposition of a quota

14. Imposition of a quota

15. A fixed exchange rate

15. A fixed exchange rate

16. Managed float

16. Managed float

17. J-curve effect

17. J-curve effect

18. Reverse J-curve effect

18. Reverse J-curve effect