Dictionary of economic terms edited by edward robert raupp and danna vance raupp great bay community college portsmouth, new hampshire blue. Including soviet terminology focuses on semantic development in the field of economics. Exam boardspecific versions of the as economics course companion. Macroeconomicsglossary wikibooks, open books for an. The guide is an important resource that will help to create a much greater understanding of. This book is intended for a twosemester course in economics taught out of the social sciences or business school. Macroeconomicsglossary wikibooks, open books for an open world. These include the abbreviations for colloquial, feminine, masculine, neuter, plural, and indicators of the french and german languages. Positive economics the branch of economics analysis that describes the way the economy actually works. Create custom, printable flashcards appropriate for your grade level.
Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. A glossary of macroeconomics terms digital economist. It covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labour economics, public. This glossary is being issued, among other things, to provide a foundation for translation of federal tax terminology. Bilingual glossaries on economics and finance spanishenglish glossary of financial terms.
This glossary will eventually attempt to cover all of the terms and concepts from international economics, including both international trade and international finance, at least at the introductory level. It must be noted that invention and compromise are always involved in selecting words and phrases to describe certain tax concepts that may have no precise equivalent in the vietnamese language or legal tradition. Project management glossary of terms page 8 fall 2007 budget the approved estimate for the project or any work breakdown structure component or any schedule activity. Glossary of economic terms administrative regulations. Economic glossary is a list of over 2,000 common economic terms definitions. Section 0 introduction economics as a social science. A corporation can own property and borrow and can be sued in court. Sep 12, 2009 oecd economics glossary englishfrench anglaisfrancais pdf absence of waste for.
Budget at completion bac the sum of all budget values established for the work to be performed on a project or a work breakdown structure component or a schedule activity. An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions. To read a definition scroll your cursor over a term or click on the term. It is illustrated by a curve that slopes upward from left to right. A good or service whose consumption is considered unhealthy or undesirable due to its bad effects on the consumers. Forotheruses, seeeconomicsdisambiguationandeconomictheory journal.
Glossary adam smith 1723 1790 regarded as the father of modern economics. Principles of economics aims to teach considerable range and depth of economic concepts through an approachable style and methodology. Pdf on jan 1, 2001, coskun can aktan and others published glossary of economics terms find, read and cite all the research you need on. Browse our glossary of economics and personal finance terms. Glossary suddenly lose a lot of value 2 i,t if a computer crashes, or if you crash a computer, it suddenly and unexpectedly stops working crisis nplural crises c,u 1 a period or moment of great difficulty, danger, or uncertainty, especially in politics or economics adj, v n c adj, v t n c. It gave birth to the definition of economics as the science of studying human behaviour as a relationship between ends and scarce means that have alternative uses. Equilibrium a situation where there is no tendency for change. Download the as economics micro key term glossary pdf subscribe to email updates from tutor2u economics join s of fellow economics teachers and students all getting the tutor2u economics teams latest resources and support delivered fresh in their inbox every morning. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions.
The ilo applies the oecddac criteria for evaluating development assistance. Economics terms dictionary contains 4,200 of the most frequent but however most difficult to find economic terms, expressions and idioms used by. Budget set different bundles of goods and services that are attainable to the consumer at given market prices and the consumers fixed level of income. At the same time, many textbooks offer advanced mathematical models and econometric studies on a perplexing plethora of topics within international economics, but fail to teach the basic lessons of the discipline. To excel in ib economics, students need to have a good understanding of economics terminology. The book first offers information on the abbreviations used in economics and language indicators. The authors take a threepronged approach to every chapter. Geoff riley exam boardspecific versions of the as economics course companion 2005 are now available from the tutor2u online store.
The glossary also includes broader economic concepts relevant to health economics and the economics of development, where these are. The concept is covered with a heads up to ward off confusion, a realworld. Automatic stabilisers under certain spending and tax rules, expenditures that automatically increase or taxes that automatically. The glossary also includes broader economic concepts relevant to health economics and the economics of development, where these are particularly pertinent. It is hoped that the glossary will become a practical aid for policymakers and others engaged in reform of health services. In this page, we created a glossary of ib economics terms to help students search for economics definitions in just a few clicks. This glossary of industrial organisation economics and competition law has been commissioned by the directorate for financial, fiscal and enterprise affairs in the framework of the centres work programme, to assist officials, academics and policy makers in the reforming central and eastern european. Poverty defined with respect to an absolute material standard of living. The economics of special privilege and rent seeking boston. With our economics dictionary, you look up economic definitions and increase your economic vocabulary. Economics the study of how a given society allocates scarce resources to meet or satisfy the unlimited wants and need of its members.
Lean in and 8 other bad business buzzwords that should be phased out. Economic growth an increase over any given time period e. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. It covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labour economics, public economics and public finance, monetary economics, environmental economics, and many others. Essential as economics glossary sukromne gymnazium. Directors board of directors sets company policy, meets. In a sense, every university class is a foreign language class. Positive relationship a relationship between two variables in which an increase in the value of one variable is associated with an increase in the value of the other variable. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Stockholders own company, shares show fraction of company owned, one vote per share. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. It is concerned with human beings and the social systems by which they organize their activities to satisfy basic material needs e. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
Economics is the basis of our daily lives, even if we do not always realise it. Circular flow the circular flow of income is a diagrammatic representation of economic activity in a given time period. The page below contains most of the key terms from an introductory economics course. Glossary of economic terms optimal economics march 2015 optimal economics ltd 1 st colme. Glossary of key terms in evaluation and resultsbased management pdf, 158 kb. Whether it is an explanation of how firms work, or people vote, or customers buy, or governments subsidise, economists have examined evidence and produced theories which can be checked against practice. Economics focuses on the behaviour and interactions of economic agents and how economies work. You can now access a digital version of the textbook.
As micro key term glossary 2015 edition economics tutor2u. This glossary of economics is a list of definitions of terms and concepts used in economics, its subdisciplines, and related fields. Capitalist country or economy a country in which most of the production is. The bis is governed by government appointees from the worlds largest capitalist economies. Economics glossary absolute advantage when an individual or entity can produce more of a good than another individual or entity capital man made resources that are used to produce goods ceteris paribus all things being equal comparative advantage when an individual or entity can produce a good at lower relative production costs consumer price. Because my own specialty is international trade, the coverage will inevitably be much more thorough for that.
Being the best at something does not mean that doing that thing is the best way to use your scarce economic resources. The glossary also explores new fields, such as money laundering. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Aggregate monetary resources broad money without time deposits of post office savings organisation m3. A glossary of microeconomics terms digital economist. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Financial economics basic terminology corporate structure a corporation has legal rights somewhat like a person. World trade in manufactured commodities, 18991950, manchester school of economic and social studies 193, september, pp. There are strange words, like oligopsony, and words that are familiar but have different meanings to economists, like elasticity. The aim of this publication is to provide a quick overview of key and commonly used terms and concepts in pharmacoeconomic evaluations, primarily to students in the course of health economics and. It identifies the main sectors in the economy households, firms the government and overseas and linkages between sectors e.