Glossary of economics

This glossary of economics is about economics, its sub-disciplines, and related fields.

Economics
Supply and Demand graph, illustrating one of the most important economic principles
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A

• Absolute advantage –
• Adaptive expectations –
• Aggregate demand –
• Aggregate supply –
• Aggregation problem –
• Agent –
• Agricultural economics –
• Allocative efficiency –
• Antitrust law –
• Applied economics –
• Autarky –
• Automatic stabilizer –
• Autonomous consumption –
• Average cost –
• Average fixed cost –
• Average variable cost –
• Average tax rate –

B

• Balance of payments –
• Balance of trade –
• Balanced budget –
• Bank –
• Barriers to entry –
• Barter –
• Behavioral economics –
• Bond –
• Break-even point –
• Budget deficit –
• Budget set –
• Budget surplus –
• Business cycle –
• Business economics –
• Business sector –

C

• Capacity utilization –
• Capital –
• Capital cost –
• Capital flight –
• Capital good –
• Central bank –
• Circular flow of income –
• Circulation –
• Competition law –
• Computational economics –
• Consumer choice –
• Consumer confidence –
• Consumer price index –
• Consumer surplus –
• Consumption –
• Consumption function –
• Convexity –
• Cost-benefit analysis –
• Cost curve –
• Crowding out –
• Cultural economics –
• Currency –
• Current account –
• Cyclical unemployment –

D

• Deadweight loss –
• Deflation –
• Deflator –
• Demand deposit –
• Demand shock –
• Diminishing returns –
• Depression –
• Discretionary income –
• Disposable income –
• Dissaving –
• Distribution –
• Duopoly –
• Dynamic stochastic general equilibrium –

E

• Econometrics –
• Economic efficiency –
• Economic equilibrium –
• Economic growth –
• Economic indicator –
• Economic model –
• Economic rent –
• Economic shortage –
• Economic surplus –
• Economic system –
• Economics –
• Economies of scale –
• Economist –
• Economy –
• Effective demand –
• Elasticity –
• Environmental economics –
• Excess supply –
• Exchange rate –
• Expected utility hypothesis –
• Experimental economics –
• Externality –

F

• Factors of production –
• Financial economics –
• Fiscal policy –
• Fixed cost –
• Frictional unemployment –
• Full employment –
• Functions of money –
• Future value –

G

• General equilibrium theory –
• General Theory of Employment, Interest and Money –
• Goods and services –
• Government spending –
• Gross domestic product –

H

• Hyperinflation –

I

• Implicit cost –
• Import quota –
• Imports –
• Income distribution –
• Indifference curve –
• Industrial organization –
• Inflation –
• Information economics –
• Interest –
• Interest rate –
• International economics –
• Intertemporal choice –
• Investment –
• IS–LM model –

K

• Keynesian economics –

L

• Labour economics –
• Law of demand –
• Law of increasing costs –

M

• Macroeconomics –
• Managerial economics –
• Marginal cost –
• Marginal product of labor –
• Marginal propensity to consume –
• Marginal revenue –
• Marginal value –
• Market –
• Market basket –
• Market economy –
• Market failure –
• Market structure –
• Market system –
• Microeconomics –
• Monetary economics –
• Monetary policy –
• Monetary system –
• Money –
• Money supply –
• Monopolistic competition –
• Monopoly –
• Monopsony –
• Multipler –

N

• Nash equilibrium –
• Natural monopoly –
• Natural resource economics –
• Non-convexity –

O

• Oligopoly –
• Oligopsony –
• Opportunity cost –

P

• Perfect competition –
• Preference –
• Price elasticity of demand –
• Price elasticity of supply –
• Price index –
• Price level –
• Prime rate –
• Producer surplus –
• Product differentiation –
• Production –
• Production set –
• Profit –
• Public economics –
• Public good –
• Purchasing power parity –

Q

• Quantity theory of money –

R

• Rate of profit –
• Rational expectations –
• Recession –
• Regional science –
• Returns to scale –
• Risk aversion –

S

• Saving –
• Scarcity –
• Shortage –
• Social choice theory –
• Stagflation –
• Substitution effect –
• Structural unemployment –
• Sunk costs –
• Supply –
• Supply and demand –
• Supply shock –

T

• Tax rate –
• Theory of the firm –
• Total cost –
• Trade –
• Trough –

U

• Unemployment –
• Utility –

V

• Variable cost –
• Velocity of money –

W

• Wealth effect –
• Willingness to accept –
• Willingness to pay –

Y

• Yield –

Z

• Zero-sum –

See also

• Economics