Glossary

Adaptive Expectations
Adverse Selection
AD-AS Model
Aggregate Demand
- How does government spending affect aggregate demand?
- How do lower taxes affect aggregate demand?
- How to calculate aggregate demand
Aggregate Expenditure
Aggregate Supply
Allocative Efficiency
Asymmetric Information
Autonomous Consumption
Balance of Payments
Balanced Budget Multiplier
Barriers To Work
Beveridge Curve
Bracket Creep
Budget Line & Budget Constraint
Bullwhip Effect
Business Cycle
Capacity Constraints
Capital Mobility
Circular Flow Model
Coase Theorem
Commodity Money
Comparative Advantage
Complementary Goods & Substitute Goods
Constant Cost Industry
Consumer Behavior
Consumption Function
- Consumption Function Formula
- Keynesian Theory of Consumption
Cost Minimization
Cost-Push Inflation
Costs of Production
Creeping Inflation
Crowding In
Crowding Out
Cyclical Unemployment
Debasement of Currency
Debt Deflation Theory
Decision Lag
Decreasing Cost Industry
Deflation
- Inflation Vs Deflation
Demand Destruction
Demand-Pull Inflation
Discouraged Workers
Discretionary Fiscal Policy
Diseconomies of Scale
Disinflation
Displaced Workers
Dynamic Efficiency
Division of Labor
Economic Efficiency
Economic Goods
Economies of Scale
Economies of Scope
Edgeworth Box
Effects Of Unemployment
Efficiency Wage Theory
Endogenous Growth Theory
Engel Curve
Excess Demand
Excess Supply
Expansion Path
Externalities
Factors of Production
Fiscal Responsibility
Fisher Equation
Fisher Index
Fixed Input
Floating Vs Fixed Exchange Rates
Fractional Reserve Banking
Frictional Unemployment
Full Reserve Banking
Galloping Inflation
Game Theory
GDP Deflator Vs CPI
Giffen Goods
Gini-Coefficient
Hidden Unemployment
Human Capital Investment
Hyperinflation
Implementation Lag
Imported Inflation
Income Effect
Increasing Cost Industry
Indifference Curves & Indifference Maps
Induced Consumption
Inferior Goods
Inflation
- What Causes Inflation?
- The Effects of Inflation
- Does Quantitative Easing Cause Inflation?
- How to Stop Inflation
Interest Rate and Money Supply
Intertemporal Budget Constraint
Inventory Investment
Investment Spending
IS Curve
IS-LM Model
Isocost Line
Isoquant Curve
Keynesian Multiplier
Labor Force Participation Rate
- Why is the labor force participation rate declining?
Laspeyres Index
Law of Diminishing Returns
Legislative Lag
Lerner Index
Liquidity Preference Theory
Liquidity Trap
LM Curve
Loanable Funds Theory
Long Run Average Cost Curve
Long Term Debt Cycle
Marginal Cost of Abatement
Marginal External Benefit
Marginal External Cost
Marginal Product of Capital
Marginal Propensity to Consume
Marginal Propensity to Save
Marginal Rate of Substitution
Marginal Rate of Technical Substitution
Marginal Rate of Transformation
Marginal Social Benefit & Private Benefit
Marginal Social Cost & Private Cost
Marginal Utility
Market Failure
Market Signaling
Menu Costs
Merit Goods & Demerit Goods
Minimum Efficient Scale
Monetary Policy
Monetary Transmission Mechanism
Money Multiplier
Monopolistic Competition
Moral Hazard
Mundell-Fleming Model
Mundell-Fleming Trilemma
Nairu
National Income Accounting
Natural Rate of Unemployment
Net Exports Effect
Neutrality of Money
Normal Goods
Operational Lag
Opportunity Cost
Output Gaps
Paasche Index
Paradox of Thrift
Parallel Conduct
Pareto Efficiency
Pent Up Demand
Perfect Competition
Permanent Income Hypothesis
Phillips Curve
Pigouvian Subsidy
Pigouvian Tax
Price Consumption Curve
Price Controls
Principal-Agent Problem
Production Function
Production Possibilities Curve (Frontier)
Productive Efficiency
Quantity Theory of Money
Real Balance Effect
Recognition Lag
Reflation
Representative Money
Revealed Preference
Sacrifice Ratio
Saving Function
Seasonal Unemployment
Seigniorage
Socially Optimal Quantity
Solow Growth Model
Stagflation
- Is Stagflation worse than Recession?
- Stagflation vs Stagnation
- What happens to House Prices during Stagflation?
- How to beat Stagflation
Standardized Products
Sticky Wages
Structural Inflation
Structural Unemployment
Substitution Bias
Substitution Effect
Supply-Side Economics
Symmetric Information
Technological Unemployment
Tradable Pollution Permits
Types of Money
User Cost of Capital
Utility Function
Variable Input
Veblen Goods
Velocity of Money
Wage and Price Controls (Incomes Policy)
What is a good unemployment rate?