50 economics ideas you need to know

Edmund Conway, economics editor of the Telegraph, is serialising his book, 5o economics ideas you really need to know.

This is a great resource for students of economics. So far, the extracts cover the following central concepts in economics:

The 'Invisible Hand'
The Malthusian trap
Comparative advantage
Keynesianism
Monetarism

Click here to access the series.

A2 students should read Conway's account of the importance of comparative advantage and the criticisms of Rcardo's idea. AS students can get ahead of the game by taking a look at Conway's explanation of Adam Smith's great insight into the power of markets, the 'Invisible Hand'.