Interactive mind maps in economics
These materials, authored by Maurice Starkey, are available under a Creative Commons Attribution-ShareAlike licence.
First published online by The Economics Network, April 2012.
Version 1.8a published September 2017.
Electronic mind maps improve learning efficiency by refining content to concisely express the main terms, enabling students to acquire knowledge more quickly. Learning effectiveness is increased by visual presentation of relationships between topics, and providing diagrams and rich pictures within topic boxes to reinforce meaning. Electronic delivery enables a wider range of topics to be covered than a traditional textbook, whilst simultaneously enabling theories to be considered in greater depth. The approach is intended to provide a blended learning solution that is used in conjunction with textbooks and journal articles. The intention is to create a body of freely available electronic subject material that can be further developed by the academic community.
A couple of electronic mind maps have been exported into PDF format (Economic Environment and Oligopoly), enabling their content to be viewed within Adobe Acrobat Reader. The Economic Environment mindmap is also available as a Flash file to preview in most web browsers but note that, like the PDFs, this only gives a preview of the basic functionality, and the links to related mind maps will not work.
Downloading and viewing
The contents of the zip file can only be viewed by acquiring MindJet MindManager software: the viewer is a free download. Select "Download Trial" once you are on the web page.
Ensure that you only download the version of MindManager software that is compatible with your operating system, because there are separate packages for Microsoft Windows and Apple operating systems. There are also Mindjet MindManager versions for iPhone, iPad, and Android operating systems. Availability of software for Apple iPad and Android operating systems enable students to view the content on their tablet computer whilst in a lecture. Software should always be installed when the computer user is in administrator mode. Mindjet MindManager software is fully functional for the first 30 days, but will revert to only allowing viewing of content (rather than allowing creation of content) after this time. You do not need to purchase the software in order to simply view the content.
ZIP file of mind maps, version 1.8a, September 2017
New to version 1.8:
- Significant development of the Banks and Money Creation mind map, in order to provide a more detailed explanation of the context and process that enables banks to create new credit money.
- Version 1.8a includes a chart that shows the substantial divergence of M4 from GDP growth, which followed deregulation of the financial sector in 1986
New mind maps in version 1.8:
Debt Crisis: Causes and Consequences mind map. This new master mind map provides hyperlinks to all the mind maps considering credit creation by banks, and the causes and consequences of the debt crisis.
Bank Credit Creation - the consequences. This mind map explains how the economic consequences of credit money creation by banks are determined by the purpose for creating new credit money.
Continued development of the other macroeconomics mind maps (for example, expansionary monetary policy and debt, monetary policy, fiscal policy, aggregate demand, national income measures and economic growth).
Monetary Transmission Mechanisms mind map.
Debt United Kingdom. This mind map presents the debt profile of the United Kingdom.
To unzip the file: Navigate to the folder containing the zip file. Right click the zip file, and then select the option 'extract to' - then choose your preferred destination location for the unzipped folder. Once the downloaded zip file is unzipped, you will be able to view the content within MindJet MindManager.
The above zip file contains all the electronic economic mind maps, which are interlinked. If you choose to download this zip file, you should begin by opening the master mind map entitled Economic Environment. This contains hyperlinks to all the sibling mind maps within the folder.
- A plus sign in a circle at the side of a topic box indicates the topic can be expanded to reveal sub-topics - Click the plus sign to reveal sub-topics.
- Click the minus sign in a circle at the side of a topic box to collapse sub-topics.
- Clicking on a red M at the side of a topic box opens a sibling mind map.
- A blue page with an orange pen at the side of a topic box indicates a note - hover your pointer over the note to read the content - alternatively, click the note to have a window open at the side of the screen that contains the content of the note.
- A green downward arrow in the top right hand corner of a topic box indicates that you can access a spreadsheet, or chart, by clicking the downward arrow.
- You can switch between spreadsheet and chart mode by clicking on the options box at the side of the topic box.
- Click a green upward arrow in the top right hand corner of the topic box to close the embedded spreadsheet / chart.
- The Search tab at the side of the screen in MindManager enables you to search the strategy maps folder for electronic mind maps that contain your desired search term.