Microeconomics

Every market you have ever used — coffee shops, ticket resales, the second-hand textbook trade — answers the same two questions: what gets produced, and who gets it. Demand, supply and equilibrium are the machinery behind that answer, and they are the foundation for everything else you will meet in microeconomics. This page teaches the […]

Macroeconomics

Every macroeconomic headline you have ever read — inflation up, growth slowing, a central bank cutting rates — is a claim about one diagram. The AD–AS model puts total spending and total production on the same axes, and it is the frame your first-year course hangs everything else on. This page builds the model properly; […]