Economics/Glossary: Difference between revisions

Revision as of 06:14, 29 November 2010

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Discussion

A

Adverse selection [r]: a partial market failure that occurs when there are traders who take advantage of asymmetric information, raising uncertainty and leading to a reduction in the value of its products. ^[e]
Agency cost [r]: Add brief definition or description
Applied statistics [r]: the practice of collecting and interpreting numerical observations for the purpose of generating information. ^[e]
Arbitrage [r]: transactions to take advantage of a price differences of a product in different markets by buying where it is cheap and selling where it is dear. The possibility of arbitrage often prevents the occurrence of price differences. ^[e]
Asset price bubble [r]: The condition of an asset market in which price is governed by speculators' expectations that it will increase. ^[e]
Asymmetric information [r]: a situation in which a seller has information that is not available to potential buyers - or vice-versa. ^[e]
Asymmetric shock [r]: Add brief definition or description
Austrian School of economics [r]: A school of economists who reject the tenets of macroeconomics and oppose the practice of collective economic management; and whose methodology concentrates upon the decisions of individuals and the operation of the market mechanism. ^[e]

B

Banking [r]: the system of financial intermediation that provides the principle source of credit to individuals and companies. ^[e]
Base money [r]: currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK). ^[e]
Basis point [r]: (bp) one hundredth of a percentage point . ^[e]
Beveridge curve [r]: A curve (convex when viewed from the origin) showing a relationship between vacancies and unemployment. ^[e]
BRIC [r]: Add brief definition or description
Broad money [r]: cash, current account deposits in banks and other financial institutions, savings deposits and time-restricted deposits (see also high-powered money). ^[e]
Bubble (economics) [r]: A surge in prices that raises expectations of further increases, so generating further increases: a process that continues until confidence falters, the bubble "bursts" and prices rapidly revert to an objectively-based level. ^[e]
Budget balance [r]: the difference between a central government's revenue and its expenditure in a given financial year. Conventions differ concerning the items that are included, and various cyclical adjustments can be made to identify its discretionary element.. ^[e]
Budget deficit [r]: the excess of a government's expenditures over its receipts. See also cyclically-adjusted budget deficit ^[e]

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C

Classical unemployment [r]: Unemployment that results from setting the wage rate at a level at which the demand for labour falls short of its supply. ^[e]
Competition [r]: The activity or condition of competing against others. Ecologically, the interaction between species or organisms which share a limited environmental resource. ^[e]
Complex interactive system [r]: Add brief definition or description
Concentration ratio [r]: Add brief definition or description
Consequentialism [r]: Add brief definition or description
Consumer's surplus [r]: Add brief definition or description
Contingent employment [r]: Add brief definition or description
Corporation [r]: Add brief definition or description
Covariance [r]: Add brief definition or description
Cross elasticity of demand [r]: Add brief definition or description
Crowding out [r]: Add brief definition or description
Cyclically-adjusted budget deficit [r]: Add brief definition or description
Cyclical deficit [r]: Add brief definition or description

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M

Marginal cost [r]: Add brief definition or description
Marginal product [r]: Add brief definition or description
Marginal propensity to consume [r]: Add brief definition or description
Marginal rate of substitution [r]: Add brief definition or description
Marginal tax rate [r]: Add brief definition or description
Marginal utility [r]: Add brief definition or description
Market [r]: Add brief definition or description
Market concentration [r]: Add brief definition or description
Market interaction [r]: Add brief definition or description
Market power [r]: Add brief definition or description
Market structure [r]: Add brief definition or description
Means test [r]: Add brief definition or description
Monetary base [r]: currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK). ^[e]
Monetisation (of public debt) [r]: Add brief definition or description
Money supply [r]: Add brief definition or description
Moral hazard [r]: Add brief definition or description

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@@ Line 15: / Line 15: @@
 {{r|Applied statistics}}
 {{r|Arbitrage}}
-{{r|Ask price}}
 {{r|Asset price bubble}}
 {{r|Asymmetric information}}
@@ Line 80: / Line 79: @@
 {{r|Endogenous (economics)}}
 {{r|Economic equilibrium|Equilibrium}}
-{{r|Euro}}
-{{r|European Central Bank}}
 {{r|Evolutionary stable strategy}}
 {{r|Exchange rate protectionism}}
@@ Line 103: / Line 100: @@
 {{r|Flexible prices}}
 {{r|Frictional unemployment}}
-{{r|Freddie Mac}}
 {{r|Full employment}}
 {{r|Full employment deficit}}
@@ Line 170: / Line 166: @@
 {{r|Market concentration}}
 {{r|Market interaction}}
-{{r|Market maker}}
 {{r|Market power}}
 {{r|Market structure}}
@@ Line 237: / Line 232: @@
 {{r|Social choice theory}}
 {{r|Sovereign default}}
-{{r|Sovereign spread}}
 {{r|Special drawing right}}
 {{r|Speculative motive}}
-{{r|Spread}}
 {{r|Stability (economics)}}
 {{r|Standard deviation}}

Economics/Glossary: Difference between revisions

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Economics/Glossary: Difference between revisions

Revision as of 06:14, 29 November 2010

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