ChatGPT Prompts for Economics Students

Explain the [economic model, e.g., IS-LM model] in simple terms. Include the assumptions, axes, curves, and how shifts in each curve affect equilibrium.

Analyze [current economic event] using [economic theory/framework]. Explain causes, affected stakeholders, short-term and long-term economic impacts.

Solve this economics problem step by step. Show all equations, graph descriptions, and explain the economic intuition behind each step: [paste problem]

Present arguments for and against [economic policy]. Include theoretical backing, empirical evidence, and real-world examples from countries that implemented it.

Create a glossary of 20 key terms for [economics topic/chapter]. Include concise definitions, formulas where applicable, and a one-line real-world example.