This work reviews different analytical formulations for the time-dependent aerodynamic load of a thin aerofoil and clarifies numerical flutter results available in the literature for the typical section of a flexible wing; inviscid, two-dimensional, incompressible, potential flow is considered in all test cases. The latter are investigated using the exact theory for small airflow perturbations, which involves both circulatory and non-circulatory effects of different nature, complemented by the p-k flutter analysis. Starting from unsteady aerodynamics and ending with steady aerodynamics, quasi-unsteady and quasi-steady aerodynamic models are systematically derived by successive simplifications within a unified approach. The influence of the aerodynamic approximations on the aeroelastic stability boundary is then rigorously assessed from both physical and mathematical perspectives. All aerodynamic models are critically discussed and compared in the light of the numerical results as well, within a comprehensive theoretical framework in practice. In all cases, results accuracy depends on the aero-structural arrangement of the flexible wing; however, simplified unsteady and simplified quasi-unsteady aerodynamic approximations are suggested for robust flutter analysis whenever the wing’s elastic axis lies ahead of the aerofoil’s control point.