This glossary provides in one place a list of key terms with simple explanations of the ways in which they are technically used. Use the gloss search feature or browse the glossarama alphabetically. Essential as economics glossary sukromne gymnazium. Adaptive expectations state that if inflation increased in the past year, people will expect a higher rate of inflation in the next year. Click download or read online button to get economics for csec book now. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.
There are strange words, like oligopsony, and words that are familiar but have different meanings to economists, like elasticity. Glossary of economic terms united for a fair economy. A type of retirement plan which is sponsored by an employer and in which the employer may match a portion of the employees contributions. This glossary of economics is a list of definitions of terms and concepts used in economics, its subdisciplines, and related fields. 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. It gave birth to the definition of economics as the science of studying human behaviour as a relationship between ends and scarce means that. Twid, wikipedia this post was updated in august 2018 to. Twid, wikipedia this post was updated in august 2018 to include new information and examples. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. Poverty defined with respect to an absolute material standard of living. Though claiming to be basic, this glossary covers a surprising range of economics related words, names and phrases, with short entries. While the update of the content of the internet database version is an ongoing activity, the pdf, and word versions currently available are snapshots of the internet database version as of december 2007.
A glossary of macroeconomics terms digital economist. It covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labour economics, public. 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. To read a definition scroll your cursor over a term or click on the term. An asset anything of value owned by an individual, institution or economic agent. Economics for csec download ebook pdf, epub, tuebl, mobi. Macroeconomicsglossary wikibooks, open books for an open world. The contributions are taxdeferred until retirement withdraws occur. It is comprehensive and includes many figures, although, by his own admission, is biased towards international trade terms although international finance terms are also covered. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. A valuable collection of online economics dictionaries, covering general economic terms as well as offering information on specialized fields such as economic analysis, political economy and environmental economics. Terms defined are in bold and crossreferences to definitions elsewhere in the glossary. An actual budget deficit occurs if actual public spending. Banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals.
Dictionary of economic terms edited by edward robert raupp and danna vance raupp great bay community college portsmouth, new hampshire blue. The bis is governed by government appointees from the worlds largest capitalist economies. 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. This site is like a library, use search box in the widget to get ebook that you want. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book.
Glossary of economic terms administrative regulations. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. These pages bring together a comprehensive list of economic terms related to and used within ons releases. Or you may type the word you are looking for in the search box to the. Oecd economics glossary pdf oecd economics glossary pdf oecd economics glossary pdf download. Economics dictionary glossary over 3000 terms defined and cross referenced via live links. Pdf on jan 1, 2001, coskun can aktan and others published glossary of economics terms find.
Economics terms dictionary contains 4,200 of the most frequent but however most difficult to find economic terms, expressions and idioms used by. Terms of trade and other wonders this is a glossary for terms used in international economics, maintained by alan deardorff. The oecd glossary of statistical terms may be downloaded directly to your computer as either a pdf or word file. In a sense, every university class is a foreign language class. Employment a measure of those individuals in the labor force working, at least one hour per week, for pay. Absolute advantage the advantage conferred on an individual in an activity if he or she can do it better than other people absolute value the value of a number without regard to a plus or minus sign accelerator principle the proposition that a higher rate of growth in real gdp results in a higher level of investment spending, and a lower growth rate in real gdp leads to lower. This dictionary is primarily aimed at supporting secondary and tertiary students who are studying business and commerce related subjects. Macroeconomics the branch of economics that is concerned with the overall ups and downs in the economy. Macroeconomicsglossary wikibooks, open books for an. It has been compiled as an annotated text, building on material from a variety of sources and adapting it to the field of economics and. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms. A glossary of macroeconomics terms the accelerator a parameter that defines the relationship between national income and required capital stock. Complete economics dictionary complete economics dictionary a.
This page presents a listing of oecd glossaries providing translations. Sep 12, 2009 oecd economics glossary englishfrench anglaisfrancais pdf absence of waste for. Making a choice made normally involves a tradeoff in simple terms, choosing more of one thing means giving up something else in exchange. Download economics for csec or read online books in pdf, epub, tuebl, and mobi format. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. Click on the associated letter to find a list of words beginning with that letter. The terms of trade and other wonders university of michigan. Glossary of economic terms office for national statistics.
Complete economics dictionary complete economics dictionary. It has been compiled as an annotated text, building on material from a variety of sources and adapting it to the field of economics and finance of health services. Or you may type the word you are looking for in the search box to the right, and try to use quotes to get better results. Complete economics dictionary to earn in tax revenues over the financial year. The following economics glossary is a directory of the most common vocabulary words found in economics. This glossary of economic terms has been put together by ken rea of the university of toronto, to support his teaching. Marginal decision a decision made at the margin of an activity to do a bit more or a bit less of that activity. This is the simplest yardstick of economic performance. Amos world economics glossary the amosweb glossarama is a searchable database of 1800 economic terms and concepts. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed.
It identifies the main sectors in the economy households, firms the government and overseas and linkages between sectors e. Economics dictionary free dictionary lookup by babylon. As micro key term glossary 2015 edition economics tutor2u. 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. The page below contains most of the key terms from an introductory economics course. Tap series and the tap series logo are registered trademarks of tap series.
Budget surplus this financial situation occurs if a government plans to spend more than it forecasts to earn in tax revenues over the financial year. Glossary of key terms in evaluation and resultsbased management pdf, 158 kb. You are also welcome to visit our online economics dictionary, part of our newly launched socialscience dictionary collection, to find additional terms and. Presentation mode open print download current view. For more search options, try the advanced search at the bottom of the page. Some economic models in the field of behavioural economics assume that selfinterested individuals behave altruistically because they get some benefit, or utility, from doing so. Because my own specialty is international trade, the coverage will inevitably be much more thorough for that. Fixed assets also known as longterm assets are things that have a useful life of more than one year, for example buildings and machinery.
Circular flow the circular flow of income is a diagrammatic representation of economic activity in a given time period. Economics is the basis of our daily lives, even if we do not always realise it. The glossary also explores new fields, such as money laundering. 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. The five fundamental principles of economics, basic terms we need to know in order to move on. While the update of the content of the internet database version is an ongoing activity, the pdf, and word versions currently available are snapshots of. Depreciation a decrease in the price of the domestic currency in terms of the. Assets things that have earning power or some other value to their owner. 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. Financial economics basic terminology financial engineering investment bankers do. Mar 18, 20 this glossary of economic terms has been put together by ken rea of the university of toronto, to support his teaching.
Economics the study of how a given society allocates scarce resources to meet or satisfy the unlimited wants and need of its members. This trilingual glossary english, french, spanish was developed by the. The ilo applies the oecddac criteria for evaluating development assistance. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Economics terms dictionary for android apk download. Download this document for economics i english microeconomics at technische universitat munchen for free and find more useful study materials f. An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions.
Accounting, business studies and economics dictionary. An actual budget deficit occurs if actual public spending exceeds actual tax revenues. Download the as economics micro key term glossary pdf subscribe to email updates from tutor2u economics. Because wants are unlimited but resources are finite, choice is an unavoidable issue in economics.