The glossary also includes broader economic concepts relevant to health economics and the economics of development, where these are particularly pertinent. It covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labour economics, public. Glossary of economic terms optimal economics march 2015 optimal economics ltd 1 st colme. 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. Create custom, printable flashcards appropriate for your grade level.
Browse our glossary of economics and personal finance terms. Exam boardspecific versions of the as economics course companion. Glossary of economic terms administrative regulations. Geoff riley exam boardspecific versions of the as economics course companion 2005 are now available from the tutor2u online store. Principles of economics aims to teach considerable range and depth of economic concepts through an approachable style and methodology. To read a definition scroll your cursor over a term or click on the term. There are strange words, like oligopsony, and words that are familiar but have different meanings to economists, like elasticity. Economic growth an increase over any given time period e. Aggregate monetary resources broad money without time deposits of post office savings organisation m3. 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.
Macroeconomicsglossary wikibooks, open books for an. Automatic stabilisers under certain spending and tax rules, expenditures that automatically increase or taxes that automatically. The bis is governed by government appointees from the worlds largest capitalist economies. You can now access a digital version of the textbook. Positive economics the branch of economics analysis that describes the way the economy actually works. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals.
This glossary is being issued, among other things, to provide a foundation for translation of federal tax terminology. 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. Circular flow the circular flow of income is a diagrammatic representation of economic activity in a given time period. 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. The concept is covered with a heads up to ward off confusion, a realworld. The page below contains most of the key terms from an introductory economics course. Because my own specialty is international trade, the coverage will inevitably be much more thorough for that. Stockholders own company, shares show fraction of company owned, one vote per share. Economics focuses on the behaviour and interactions of economic agents and how economies work.
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. A glossary of microeconomics terms abundance a physical or economic condition where the quantity available of a resource exceeds the quantity desired in the absence of a rationing system. It is illustrated by a curve that slopes upward from left to right. Poverty defined with respect to an absolute material standard of living. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. A glossary of microeconomics terms digital economist. In this page, we created a glossary of ib economics terms to help students search for economics definitions in just a few clicks. With our economics dictionary, you look up economic definitions and increase your economic vocabulary. The authors take a threepronged approach to every chapter. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking.
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. 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. Econometrics is the application of statistical methods to observed data for the purposes of empirical research, forecasting or testing of economic theory. 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. An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions. Glossary of key terms in evaluation and resultsbased management pdf, 158 kb.
A glossary of macroeconomics terms digital economist. 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. Financial economics basic terminology corporate structure a corporation has legal rights somewhat like a person. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. It is hoped that the glossary will become a practical aid for policymakers and others engaged in reform of health services. This book is intended for a twosemester course in economics taught out of the social sciences or business school. The economics of special privilege and rent seeking boston.
Equilibrium a situation where there is no tendency for change. 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. Economics the study of how a given society allocates scarce resources to meet or satisfy the unlimited wants and need of its members. World trade in manufactured commodities, 18991950, manchester school of economic and social studies 193, september, pp. The glossary also explores new fields, such as money laundering. A good or service whose consumption is considered unhealthy or undesirable due to its bad effects on the consumers. Section 0 introduction economics as a social science. 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. It identifies the main sectors in the economy households, firms the government and overseas and linkages between sectors e.
A corporation can own property and borrow and can be sued in court. These include the abbreviations for colloquial, feminine, masculine, neuter, plural, and indicators of the french and german languages. Macroeconomicsglossary wikibooks, open books for an open world. Employment a measure of those individuals in the labor force working, at least one hour per week, for pay.
Including soviet terminology focuses on semantic development in the field of economics. Bilingual glossaries on economics and finance spanishenglish glossary of financial terms. In a sense, every university class is a foreign language class. Being the best at something does not mean that doing that thing is the best way to use your scarce economic resources. 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 is concerned with human beings and the social systems by which they organize their activities to satisfy basic material needs e. The guide is an important resource that will help to create a much greater understanding of. Economics terms dictionary contains 4,200 of the most frequent but however most difficult to find economic terms, expressions and idioms used by. Economics is the basis of our daily lives, even if we do not always realise it. This trilingual glossary english, french, spanish was developed by the. Economic glossary is a list of over 2,000 common economic terms definitions. Directors board of directors sets company policy, meets. 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.
The glossary also includes broader economic concepts relevant to health economics and the economics of development, where these are. Capitalist country or economy a country in which most of the production is. As micro key term glossary 2015 edition economics tutor2u. Lean in and 8 other bad business buzzwords that should be phased out.
Glossary adam smith 1723 1790 regarded as the father of modern economics. To excel in ib economics, students need to have a good understanding of economics terminology. This glossary of economics is a list of definitions of terms and concepts used in economics, its subdisciplines, and related fields. The ilo applies the oecddac criteria for evaluating development assistance. The book first offers information on the abbreviations used in economics and language indicators. Essential as economics glossary sukromne gymnazium. 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. Forotheruses, seeeconomicsdisambiguationandeconomictheory journal. 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. Dictionary of economic terms edited by edward robert raupp and danna vance raupp great bay community college portsmouth, new hampshire blue. 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. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Sep 12, 2009 oecd economics glossary englishfrench anglaisfrancais pdf absence of waste for.