Economics/Glossary: Difference between revisions

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imported>Nick Gardner
imported>Nick Gardner
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{{r|Austrian School of economics}}
{{r|Austrian School of economics}}
{{r|Automatic stabilisers}}
{{r|Automatic stabilisers}}


==B==
==B==
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{{r|Budget balance}}
{{r|Budget balance}}
{{r|Budget deficit}}
{{r|Budget deficit}}
[[Economics/Glossary#A|'''(RETURN)''']]


==C==
==C==
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{{r|Currency board}}
{{r|Currency board}}
{{r|Cyclically-adjusted budget deficit}}
{{r|Cyclically-adjusted budget deficit}}
[[Economics/Glossary#A|'''(RETURN)''']]


==D==
==D==
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{{r|Dollarization}}
{{r|Dollarization}}
{{r|Downturn (economic)}}
{{r|Downturn (economic)}}
[[Economics/Glossary#A|'''(RETURN)''']]


==E==
==E==
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{{r|Exogenous}}
{{r|Exogenous}}
{{r|Externality}}
{{r|Externality}}
[[Economics/Glossary#A|'''(RETURN)''']]


==F==
==F==
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{{r|Full employment}}
{{r|Full employment}}
{{r|Full employment deficit}}
{{r|Full employment deficit}}
[[Economics/Glossary#A|'''(RETURN)''']]


==G==
==G==
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{{r|Hicks-Hansen model}}
{{r|Hicks-Hansen model}}
{{r|High-powered money}}
{{r|High-powered money}}
[[Economics/Glossary#A|'''(RETURN)''']]


==I==
==I==
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{{r|Liquidity trap}}
{{r|Liquidity trap}}
{{r|Lorenz curve}}
{{r|Lorenz curve}}
[[Economics/Glossary#A|'''(RETURN)''']]


==M==
==M==
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{{r|Money supply}}
{{r|Money supply}}
{{r|Moral hazard}}
{{r|Moral hazard}}
[[Economics/Glossary#A|'''(RETURN)''']]


==N==
==N==
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{{r|OECD countries}}
{{r|OECD countries}}
{{r|Output gap}}
{{r|Output gap}}
[[Economics/Glossary#A|'''(RETURN)''']]


==P,Q==
==P,Q==
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{{r|Quantitative easing}}
{{r|Quantitative easing}}
{{r|Qualitative easing}}
{{r|Qualitative easing}}
[[Economics/Glossary#A|'''(RETURN)''']]


==R==
==R==
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{{r|Risk premium}}
{{r|Risk premium}}
{{r|Run (banking)}}
{{r|Run (banking)}}
[[Economics/Glossary#A|'''(RETURN)''']]


==S==
==S==
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{{r|Swap contract}}
{{r|Swap contract}}
{{r|Systemic failure (finance)}}
{{r|Systemic failure (finance)}}
[[Economics/Glossary#A|'''(RETURN)''']]


==T,U,V,W,X,Y,Z==
==T,U,V,W,X,Y,Z==

Revision as of 23:50, 1 April 2010

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Glossary of terms related to Economics.


The finance glossary and the banking glossary define some specialised terms that are not included in this glossary

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]
  • 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]
  • Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity [e]


B

  • "Bad bank" [r]: A subsidiary, or separate corporation, created to hold and manage non-performing assets transferred to it by a rescued bank. [e]
  • Banking panic [r]: A widespread fear of insolvency because of uncertainty concerning the true value of banking assets. [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]
  • Bill (finance) [r]: {a) A loan with a duration of no more than a year (b)a documentary record of short-term indebtedness. [e]
  • Bill of Exchange [r]: A written order to pay the holder a stated sum of money at a stated date (otherwise known as a "draft", the person who is paid being termed the "drawer"). [e]
  • Bond (finance) [r]: a fixed-interest security issued by governments, companies, banks and others. [e]
  • 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]
  • Broker [r]: Individual or firm that provides investment advise to clients and executes their buying and selling instructions, usually by acting as a market maker. [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]: Add brief definition or description
  • Budget deficit [r]: Add brief definition or description

(RETURN)


C

(RETURN)


D

(RETURN)


E

(RETURN)


F

(RETURN)


G

H

(RETURN)


I

J,K,L

(RETURN)


M

(RETURN)


N

O

(RETURN)


P,Q

(RETURN)


R

(RETURN)


S

(RETURN)


T,U,V,W,X,Y,Z

(RETURN)