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quantitative skills

Using diagrams

Diagrams are one of the most important tools used by economists. Peter Smith provides practical advice and guidance on reading and using diagrams for economic analysis

Being able to draw diagrams and use them to explain economic theories is a fundamental quantitative skill for A-level economics. You will often find that an exam question begins with the phrase ‘Using appropriate diagrams’ or some such wording. Let us look at some of the key ways in which diagrams can be used.

One of the first sorts of diagram that you will have met soon after you started studying economics is the production possibility frontier (PPF) (or production possibility curve, as it is sometimes known).

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Islamic economics, banking and finance

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Using my economics degree

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