Full Economics Curriculum

27 units covering introductory micro and macroeconomics from first principles to advanced topics. Each unit builds on the last — with interactive graphs, adaptive practice, and spaced repetition.

Microeconomics · 14 units

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Unit 1

Basic Economic Concepts

The building blocks every economist uses — scarcity, trade-offs, and how societies organize production.

Scarcity & ChoiceOpportunity CostMarginal AnalysisProduction Possibilities CurveAbsolute & Comparative Advantage+3 more
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Unit 2

Supply & Demand

The foundational model of how prices emerge from the interaction of buyers and sellers in a market.

Law of DemandThe Demand CurveShifts in DemandLaw of SupplyThe Supply Curve+6 more
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Unit 3

Elasticity

How responsive buyers and sellers are to price changes — and why it matters for revenue, tax policy, and strategy.

Price Elasticity of DemandCalculating PEDDeterminants of PEDTotal Revenue & PEDPrice Elasticity of Supply+3 more
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Unit 4

Consumer Theory

How consumers make choices — preferences, utility, indifference curves, and the budget constraint.

Consumer PreferencesIndifference Curves
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Unit 5

Risk & Uncertainty

How people make decisions under uncertainty — expected value, risk aversion, and the biases that shape real behavior.

Expected Value & RiskRisk AversionBehavioral Economics
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Unit 6

Demand Theory

How individual choices aggregate into market demand — income effects, substitution effects, and aggregation.

Individual DemandIncome & Substitution EffectsMarket Demand Aggregation
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Unit 7

Production & Cost

How firms turn inputs into outputs — production functions, diminishing returns, and the cost curves that drive business decisions.

Production TechnologyShort-Run ProductionLong-Run ProductionCost CurvesLong-Run Costs
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Unit 8

Perfect Competition

The benchmark market structure — how price-taking firms maximize profit and why economic profit vanishes in the long run.

Competitive FirmsProfit MaximizationCompetitive Market Equilibrium
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Unit 9

Market Analysis

Measuring who gains and who loses — surplus analysis, price controls, taxes, and subsidies.

Consumer & Producer SurplusPrice ControlsTaxes & Subsidies
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Unit 10

Monopoly

What happens when a single firm controls the market — pricing power, inefficiency, and price discrimination.

Monopoly BasicsMonopoly PricingPrice Discrimination
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Unit 11

Oligopoly & Game Theory

When a few firms dominate — strategic interaction, Nash equilibrium, and models of oligopoly competition.

Monopolistic CompetitionOligopolyGame Theory & Nash EquilibriumCournot & Bertrand Competition
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Unit 12

Factor Markets

How wages and employment are determined — labor demand, labor supply, and the marginal revenue product of labor.

Labor DemandLabor SupplyWage Determination
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Unit 13

Efficiency & Welfare

The big picture — how all markets interact simultaneously and when free markets maximize social welfare.

General EquilibriumThe Edgeworth BoxWelfare Theorems
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Unit 14

Information Economics

What happens when one side of the market knows more than the other — adverse selection, moral hazard, and market unraveling.

Asymmetric InformationMoral HazardSignaling & Screening

Macroeconomics · 13 units

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Unit 1

Introduction to Macroeconomics

Macroeconomics zooms out from a single market to the whole economy — total output, jobs, prices, and growth.

What Macroeconomics StudiesThe Circular Flow of IncomeLeakages & InjectionsHouseholds, Firms, Government & Foreign SectorMarket vs Command vs Mixed Economies+1 more
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Unit 2

GDP & National Income

Gross domestic product is the headline number for an economy's size — and there are three ways to compute it.

Gross Domestic ProductExpenditure Approach (C + I + G + NX)Income ApproachValue-Added ApproachNominal vs Real GDP+3 more
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Unit 3

Inflation

Inflation is a sustained rise in the average level of prices — and it quietly eats the value of your money.

The Consumer Price Index (CPI)Building a Price Index from a BasketHeadline vs Core InflationDemand-Pull InflationCost-Push Inflation+3 more
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Unit 4

Unemployment

The unemployment rate is one of the most watched numbers in economics — and it hides as much as it reveals.

The Unemployment RateLabor Force ParticipationFrictional UnemploymentStructural UnemploymentCyclical Unemployment+2 more
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Unit 5

Aggregate Demand & Supply

Aggregate demand and supply is the workhorse model that explains booms, recessions, inflation, and growth on one diagram.

The Business CycleOutput GapsAggregate DemandWhy AD Slopes DownShifters of Aggregate Demand+3 more
Unit 6

Macro Equilibrium & Shocks

Put aggregate demand and supply together to find where the economy settles — and see what shocks throw it off course.

Short-Run EquilibriumLong-Run EquilibriumSelf-Correction to PotentialDemand ShocksSupply Shocks+1 more
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Unit 7

Fiscal Policy

Fiscal policy is the government's use of spending and taxes to speed up or cool down the whole economy.

Expansionary vs Contractionary Fiscal PolicyAutomatic StabilizersThe Spending MultiplierMarginal Propensity to Consume (MPC)The Tax Multiplier+2 more
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Unit 8

Money & Banking

Money is one of the great inventions of civilization — and most of it is created not by mints but by banks making loans.

The Functions of MoneyFiat vs Commodity MoneyMoney Supply Measures (M0, M1, M2)Fractional-Reserve BankingThe Reserve Ratio+3 more
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Unit 9

Monetary Policy

Monetary policy is how a central bank adjusts interest rates and the money supply to steady prices and output.

Central Bank ToolsOpen Market OperationsThe Policy Interest RateReserve RequirementsMonetary Policy Transmission+3 more
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Unit 10

The Phillips Curve

The Phillips curve traces a short-run trade-off between inflation and unemployment — one that vanishes in the long run.

The Short-Run Phillips CurveThe Inflation–Unemployment Trade-offAdaptive vs Rational ExpectationsThe Long-Run Phillips CurveNAIRU+2 more
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Unit 11

Economic Growth

Economic growth is the slow, compounding rise in output per person — the single biggest driver of living standards.

Growth and CompoundingThe Rule of 70The Solow Growth ModelCapital, Saving & DepreciationThe Steady State+3 more
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Unit 12

The Open Economy

An open economy trades goods and money with the world — and exchange rates tie it all together.

Nominal vs Real Exchange RatesWhat Moves Exchange RatesThe J-CurveThe Current AccountThe Capital & Financial Account+3 more
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Unit 13

Macroeconomic Issues & History

Macroeconomics is not just models — it is inequality, the environment, and the hard lessons of real crises.

Measuring InequalityLorenz Curve & Gini CoefficientWithin- vs Between-Country InequalitySustainable DevelopmentEnvironmental Externalities+1 more

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