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Get started free →Micro and macro models, made intuitive. Upload your own lectures and notes and Milli turns them into economics flashcards, quizzes and lessons in about 60 seconds.
Economics is built on models — supply and demand, elasticity, monetary policy — that only work once you grasp the intuition behind them. The Study Mill turns your own economics lectures and problem sets into clear explanations, diagram-driven flashcards and quizzes, so you can shift a curve confidently instead of memorising one snapshot.
Economics exams test whether you can run the model, not whether you can recall its final state. A memorised diagram is one frame of something the exam will ask you to animate.
Draw the market, apply a shock, show the new equilibrium and explain the adjustment. Marks split across the diagram, the movement and the reasoning.
A government or central bank acts, and you trace the effects through the economy. The transmission chain is the answer; the direction alone is not.
Elasticity, surplus, multipliers and market calculations. Formulaic but easy marks, and reliably dropped by students who only revised theory.
The Study Mill generates questions in these formats from your own material — so practice looks like the exam, not like a glossary.
Two examples of what comes back after you upload a set of economics slides. Generated from your material, phrased the way your course tests it.
A tax is legally levied on sellers. Who actually bears the burden?
Whichever side of the market is more inelastic. Statutory incidence — who legally remits the tax — is independent of economic incidence, which depends only on relative elasticities. If demand is more inelastic than supply, consumers bear more of it regardless of who writes the cheque. This is why "we taxed the companies, not you" is usually misleading.
The central bank raises the cash rate. Trace the effect through to output and inflation.
Higher cash rate → commercial lending rates rise → borrowing costs rise for firms and households → investment and interest-sensitive consumption fall → aggregate demand shifts left → output falls below potential and the output gap becomes negative → inflationary pressure eases. Add the exchange-rate channel: higher rates attract capital inflow, the currency appreciates, net exports fall, reinforcing the contraction. All of this operates with a lag of several quarters.
Drop in any of these and get an instant study session — or bring your own.
Econ lives or dies on understanding the models and curves — memorise them without the intuition and every twist on the exam trips you up.
If you can draw and shift each curve from scratch, most exam questions unlock.
Know why a policy moves a market and you can handle any variation of the question.
Tie each model to a real market and it stops being abstract lines on a graph.
"Milli turned my macro lectures into diagram flashcards. Shifting curves finally made sense — top of my tute group."
Yes, and this is the distinction that decides economics grades. Ask what happens to a market when a specific variable changes and you get the reasoning for the shift, not just the end state — which is what lets you handle a variation you have not seen. Memorising a finished diagram only works if the exam asks the same question.
Both, from whatever you upload. They generate somewhat differently: micro produces more calculation practice and diagram reasoning, macro produces more policy-transmission chains and definitional cards for the indicators.
Yes — elasticity, surplus, multiplier and market-equilibrium calculations generate as practice problems with worked steps. These are the most reliably scoreable marks on an economics paper and the most commonly under-practised, because they feel less intellectually interesting than the theory.
Economics suits Walk & Learn better than most subjects. The transmission chains and intuitions are verbal — "why does the currency appreciate?" — and explaining them aloud is exactly the skill a written answer needs. Diagram practice still has to happen on paper.
Upload a lecture or paste your notes and watch The Study Mill build a full study session in about a minute.
Get started free →