Read the article and learn five advanced-level economics lessons that many students learn too late. It explains key concepts clearly, shows how they apply in real life, and helps students build distinction-level understanding with confidence Economics Lessons. If you are moving from basic economics to advanced economics, you are not alone in feeling stressed. A great number of students start their journey with confidence. They have knowledge about supply and demand. They are able to easily draw the graphs. They provide a clear overview of inflation and unemployment. Advanced-level economics is responsible for everything, and things are changing so fast.