Economics
How to study economics
Economics is a subject of models: simplified pictures of how people, firms and markets behave. To do well you need the definitions, the logic of each model, and the ability to apply it to a case you have not seen before.
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Why it is hard to learn
- Many precise definitions that sound alike
- Models with graphs and assumptions
- Applying a model to a new case
- Micro and macro topics that connect
A study plan that works
Notes on every lecture
Record the lecture or upload the slides. Memo's notes explain each model step by step.
Learn the definitions
Flashcards for every term: elasticity, opportunity cost, marginal utility and the rest.
Ask about cases
Ask the chat on the note how a model applies to a real example. Explaining it yourself is the real test.
Practise exam questions
Take a practice test with written answers before the exam.
The study modes that fit best
Flashcards
For definitions that must be exact.
Practice test
For explaining and applying models in writing.
Quiz
For a quick check of concepts.
Mind map
To see how the topics of a course connect.
Questions
How do I study economics graphs?
Learn what each axis and curve means, then practise explaining what happens when something shifts. Saying the explanation out loud is a good test.
Try it on your own material.
Upload a lecture, a PDF or your slides and get notes, flashcards and a quiz in a few minutes.
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