What does this Macroeconomics cheat sheet cover?

It has 10 sections: GDP, CPI, Unemployment, AD-AS, Fiscal, Money, Monetary, Phillips, Growth and Trade. Together they cover the topics a typical Macroeconomics exam tests, including GDP measurement, inflation and CPI, unemployment types and aggregate demand and supply.

Is the macroeconomics cheat sheet free?

The first part is free to read on this page, with no account needed. The full sheet opens in the app with Unlimited ($4.99 a month or $19 for a semester), where you can edit it, print it or save it as a PDF. It is one US Letter page and prints cleanly in black and white or colour.

Can I bring this Macroeconomics cheat sheet to my exam?

Only if your course allows a note sheet, so check the syllabus. This one is a single US Letter page. If your exam allows a different size, such as a 3x5 or 4x6 index card or one page front and back, Cheat Sheet AI makes one at exactly that size from your own lecture notes.

The sheet was written by our engine from a standard course outline, then a second model fact-checked every formula and statement against it; it corrected 1 statement before publishing. Notation and emphasis vary between courses, so check it against your own lecture notes.

Can I make a Macroeconomics sheet from my own notes?

Yes. Upload your lecture slides, notes or study guide and Cheat Sheet AI writes a sheet in your course's notation, sized to exactly the space your exam allows. Your first sheets are free.

Social Science & BusinessMacroeconomics

Macroeconomics Cheat Sheet — 1-page PDF

GDP, CPI, unemployment, AD-AS, policy, money, growth, exchange rates, trade. The whole course on one dense, printable page for your midterm or final, with every formula typeset and worked examples where they help.

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For a specific exam: Macroeconomics Final exam study sheet.

1 pageUS Letter
10 sections10 topics
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Preview of the one-page Macroeconomics cheat sheet: GDP, CPI, unemployment, AD-AS, policy, money, growth, exchange rates, trade — the whole course, one page

On the sheet

What’s on it

The topics a typical Macroeconomics exam tests, all on the one page.

GDP measurement
Inflation and CPI
Unemployment types
Aggregate demand and supply
Fiscal policy and multipliers
Money supply and banking
Monetary policy tools
Phillips curve
Economic growth
Exchange rates and trade

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The free part, as text

The free part of the sheet, section by section. Unlock the full sheet to read the rest, edit any block, and print it or save it as a PDF.

01GDP

GDP: Market value of all final goods and services produced within a country in a given period.

Expenditure

G D P = C + I + G + (X - M)

$C$ consumption, $I$ investment, $G$ gov't purchases, $X$ exports, $M$ imports.

Income

$G D P = W + R + i + π +$ indirect taxes - subsidies + depr.

Income approach; components may be grouped by text.

Nominal GDP: GDP valued at current-period prices.
Real GDP: GDP valued at constant base-year prices; removes price changes.

GDP deflator

GDP deflator = \frac{Nominal GDP}{Real GDP} \times 100

Price level for all domestically produced final goods/services.

Real GDP growth

%Δ Real GDP = \frac{Real GDP _{t} - Real GDP _{t - 1}}{Real GDP _{t - 1}} \times 100

Use real, not nominal.

Watch out:GDP omits: unpaid work, underground activity, leisure, environmental damage; counts final goods only (avoid double counting).

02Unemployment

Unemployment rate

u = \frac{unemployed}{labor force} \times 100

Labor force $=$ employed $+$ unemployed.

Labor force participation

LFPR = \frac{labor force}{adult population} \times 100

Working-age participation.

Frictional unemployment: Short-run unemployment from job search / transition.
Structural unemployment: Mismatch of skills, location, or wages; long-run / changing economy.
Cyclical unemployment: Unemployment caused by recessionary demand shortfall.
Natural rate: Unemployment when cyclical unemployment is zero; frictional + structural.

Watch out:Discouraged workers are not counted as unemployed; they drop out of the labor force.

03AD-AS

Aggregate demand: Total planned spending on domestic output at each price level.

04Fiscal

Crowding out: Higher government borrowing / interest rates reduce private investment.
Automatic stabilizers: Taxes and transfers that offset fluctuations without new legislation.

Watch out:Large deficits can raise debt service; if the economy is near full employment, fiscal stimulus mainly raises prices.

05Money

Money: Asset widely accepted as medium of exchange, unit of account, store of value.
M1: Currency in circulation + demand deposits (narrow money).
M2: M1 + savings deposits / small time deposits / money market funds (broad money).

Reserve ratio

r r = \frac{required reserves}{deposits}

Bank reserves relative to deposits.

Simple deposit multiplier

Money multiplier = \frac{1}{r r}

No currency leakages or excess reserves.

Money creation

Δ D = \frac{1}{r r} Δ R

$Δ R$ = new reserves; $Δ D$ = max new deposits.

06Phillips

Expectations-augmented

π_{t} = π_{t}^{e} - α (u_{t} - u_{n}) + v_{t}

$u_{n}$ natural rate; $v_{t}$ supply shock term.

Short-run PC: Downward sloping; lower $u$ often linked to higher $π$ .
Long-run PC: Vertical at $u_{n}$ ; no tradeoff between inflation and unemployment.
Disinflation: Lowering the inflation rate; often causes short-run higher unemployment.
Supply shock: Adverse shock shifts SRPC up / left; raises inflation and unemployment together.

Watch out:Expectations matter: if expected inflation rises, short-run Phillips curve shifts up.

07Growth

Economic growth: Increase in real GDP per capita over time.

Per-capita growth

%Δ y = \frac{y _{t} - y _{t - 1}}{y _{t - 1}} \times 100

$y =$ real GDP per capita.

Human capital: Education, skills, health of workers.

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Also on the full Macroeconomics sheet

9 more sections, with every definition, formula and worked example. Unlimited unlocks every full sheet in the library to edit, print or save as a PDF, and makes unlimited sheets from your own notes.

CPI

CPI
Inflation rate
Real wage
Cost-push inflation
Demand-pull inflation
Price index use

Unemployment

Unemployed

AD-AS

Aggregate supply
Shift factors
Quantity theory
Short run
Long run

Fiscal

Fiscal policy
Expansionary vs contractionary
Spending multiplier
Tax multiplier
Marginal propensities

Money

Required reserve

Monetary

Monetary policy
Open market ops
Policy tools
Discount rate
Reserve requirement
Federal funds rate

Phillips

Phillips curve

Growth

Physical capital
Technology
Capital deepening
Growth determinants

Trade

Exchange rate
Appreciation
Depreciation
Trade balance
Tariff
Quota
Comparative advantage

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FAQ

Questions

About the Macroeconomics sheet and making your own.

What does this Macroeconomics cheat sheet cover?: It has 10 sections: GDP, CPI, Unemployment, AD-AS, Fiscal, Money, Monetary, Phillips, Growth and Trade. Together they cover the topics a typical Macroeconomics exam tests, including GDP measurement, inflation and CPI, unemployment types and aggregate demand and supply.
Is the macroeconomics cheat sheet free?: The first part is free to read on this page, with no account needed. The full sheet opens in the app with Unlimited ($4.99 a month or $19 for a semester), where you can edit it, print it or save it as a PDF. It is one US Letter page and prints cleanly in black and white or colour.
Can I bring this Macroeconomics cheat sheet to my exam?: Only if your course allows a note sheet, so check the syllabus. This one is a single US Letter page. If your exam allows a different size, such as a 3x5 or 4x6 index card or one page front and back, Cheat Sheet AI makes one at exactly that size from your own lecture notes.
How accurate is it?: The sheet was written by our engine from a standard course outline, then a second model fact-checked every formula and statement against it; it corrected 1 statement before publishing. Notation and emphasis vary between courses, so check it against your own lecture notes.
Can I make a Macroeconomics sheet from my own notes?: Yes. Upload your lecture slides, notes or study guide and Cheat Sheet AI writes a sheet in your course's notation, sized to exactly the space your exam allows. Your first sheets are free.

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