SwitchResX is a tool to manage resolutions on your Mac. You may want to adjust these because you've changed screen size, are displaying your Mac's contents on a different screen, or are simply looking for the best resolution.
SwitchResX includes a wide range of default resolution settings from which you can choose, all quickly available thanks to a drop down menu bar. If you want to dig in a little more, you'll see you can create your own custom resolution for all types of situations, but also save the position of elements on your screen. One smart feature is being able to link monitor settings to special events, however this wasn't the easies thing to do. Since SwitchResX offers AppleScript support, it's probably best to work with those, if you have some knowledge of scripting.
We'd recommend SwitchResX for the access to all the standard resolutions it gives you, and if you are having an issue with your screen. Also, since the menu features a restore button, you can always set it back to what it was.
Despite being a little complicated to use, SwitchResX is very handy to change to any sort of resolution and adjust your screen.