Glossary - definitions
- MARKETS
- Micro-economics
- What is economics?
- Exchange
- The economic problem
- Production possibility frontiers
- Economic growth
- Economic systems
- Market analysis
- Competitive markets
- Rationing, incentives, and signalling
- Consumer demand
- Demand and income
- Producer supply
- Market equilibrium
- Non-market price
- Consumer and producer surplusElasticity
- Price elasticity of demand
- Cross elasticity of demand
- Income elasticity of demand
- Price elasticity of supply
- MARKET FAILURES
- Introduction
- Introduction
- Types of market failure
- Inefficiency
- Cost Benefit Analysis (CBA)
- Missing markets
- Incomplete markets
- Incomplete markets
- Merit goods
- Higher education
- Healthcare
- Externalities
- Negative externalities
- Pollution
- Lack of property rights
- Information failure
- Information failure
- Moral hazard
- Unstable markets
- Unstable markets
- Price stabilisation schemes
- Government failure
- Government failure
- Labour market failures
- Labour market failures
- National minimum wage
- Unequal distribution of income
- Skills gaps and immobility
- Cases
- Depletion of fish stocks
- Public transport subsidies
- Road congestion
- Questions
- Cost benefit analysis
- Missing markets
- Externalities
- Information failure
- Commodities
- Congestion
- Inequality
- Government failure
- THE NATIONAL ECONOMY
- Macro-economics
- What is macro-economics?
- Measuring performance
- National income
- National income
- Circular flow of income
- Income, wealth, and liquidity
- Aggregate demand
- Aggregate demand
- Household spending
- Investment
- The public sector
- International trade
- Savings
- Aggregate supply
- Aggregate supply
- Equilibrium
- Equilibrium
- Demand-side shocks
- Multiplier effects
- Supply-side shocks
- Policy objectives
- Policy objectives
- Introduction
- Sustainable growth
- Development
- Stable prices
- Full employment
- Balance of payments
- Macro-economic problems
- Inflation and deflation
- Unemployment
- Inequality
- Poverty
- Policies
- Policy instruments
- Fiscal policy
- Monetary policy
- Exchange rate policy
- Productivity
- Supply-side policy
- Policies to reduce poverty
- Welfare reform
- Policy conflicts
- Applying the AD-AS Model
- Questions
- Use of AD-AS
- Investment
- Growth
- Economic problems
- Economic policies
- Multiple choice
- BUSINESS ECONOMICS
- Nature of business
- Introduction
- Enterprise
- Business motives
- Production and profits
- Sales revenue
- Principles of production
- Costs
- Profits
- Revenue and sales maximisation
- Efficiency
- The long run
- The long run
- Economies of scale
- Diseconomies of scale
- Market structures
- Introduction to market structures
- Perfect competition
- Monopolistic competition
- Oligopoly
- Case - The cinema industry
- Revision presentations Pricing options
- Monopoly
- Characteristics of monopoly
- Complex monopoly
- Natural monopoly
- Cartels
- Price discrimination
- Case - The cinema industry
- Game theory
- Game theory
- What is a game?
- Pay-off matrices
- Prisoner's dilemma
- Nash equilibrium
- Monopsony
- Competition in labour marketsMonopsonies
- Monopsony diagram
- Contestability
- Contestable markets
- Barriers to entry
- Barriers to exit
- Competition policy
- Mergers
- Regulation
- UK Competition Policy
- European Competition Policy
- Bank regulation
- Nationalisation
- Evaluation
- Cases
- Utilities
- Oligopolies
- Questions
- Multiple choice
- Data response
- THE GLOBAL ECONOMY
- The global economy
- Introduction
- Trade
- Why do countries trade?
- Comparative advantage
- Patterns of trade
- Globalisation
- What is globalisation?
- Global shocks
- FDI
- Free trade
- World Trade Organisation
- Protectionism
- What is protectionism?
- Trading blocs
- Economic Integration
- Case Study
- Trade problems and policies
- Balance of payments
- Trade problems and policies
- Trade problems
- Deficits
- Deflation
- Devaluation
- Direct controls
- Supply-side policy
- Exchange rates
- Currencies
- Terms of trade
- Competitiveness
- Competitiveness
- Price and non-price competitiveness
- Policies to improve competitiveness
- Development
- Economic development
- Development theories
- Policies to promote development
- Growth and welfare
- Statistical limitations
- Measures of economic welfare
- Costs of growth
- Policies to promote stable growth
- Economic problems
- Unemployment
- Inflation
- Deflation
- Fiscal policy
- Fiscal policy
- Government spending
- Fiscal stabilisers
- Monetary policy
- Monetary policy
- Interest rates
- Quantitative easing
- EU monetary policy
- Exchange rate policy
- Supply side policy
- Supply-side policy
- Labour market flexibility
- Policy conflicts
- Economic conflicts
- Types of conflict
- The Phillips Curve
- Financial crisis
- The Financial Crisis
- Tobin Taxes
- Questions
- Globalisation
- Trade
- Tariffs
- Trading blocs
- CAP
- Competitiveness
- Global shocks
- Economics growth
- Economic conflicts
- EXAM BOARDS
- AQA
- Summary
- Assessment Objectives
- Evaluation skills
- AQA Economics Home Page
- Recommended textbooks
- Edexcel
- Summary
- Assessment Objectives
- Evaluation skills
- Edexcel Economics Home Page
- Recommended textbooks
- OCR
- Summary
- Assessment Objectives
- Evaluation skills
- OCR Economics Home Page
- Recommended textbooks
- RESOURCES
- For Students
- Muliple Choice Tests
- Textbooks and eBooks
- Revision notes and PowerPoints
- For Schools and Colleges
- Muliple Choice Tests
- Textbooks and eBooks
- Revision notes and PowerPoints
- GLOSSARY
- NEWSDESK
- UPDATES
- Growth
- National income (GDP)
- OECD forecasts
- Prices
- CPI inflation
- RPI inflation
- Food prices
- Petrol prices
- Labour market
- Unemployment (adult)
- EU Unemployment (adult)
- Unemployment (youth)
- Unemployment (long term)
- Underemployment
- Employment
- Productivity
- Earnings
- Inequality
- Money and interest rates
- Money supply
- Interest rates
- Quantitative easing (QE)
- Housing market
- House prices
- Affordability
- Mortgage lending
- Investment
- Investment
- Trade
- Current account
- Sterling index
- EU trade
- Public sector
- UK Current Public finances
- UK Public spending
- UK Public debt
- Euro27 public debt
- EU Budget
- Savings
- Savings ratio
- Environment
- CO2 emissions
- BLOG
- HOME
| Main stories | |||||||||||||||||||
| UK growth - UK avoids triple-dip recession | |||||||||||||||||||
| Benefit cap - kicks in at £500 per week | |||||||||||||||||||
| UK Budget 2013 - analysis and comment | |||||||||||||||||||
| EU Budget - historic reduction agreed | |||||||||||||||||||
| UK economy - GDP falls by 0.3% | |||||||||||||||||||
| Quantitative Easing - put on hold | |||||||||||||||||||
| Poverty - recession and relative poverty | |||||||||||||||||||
| Welfare reform - the end of universal benefits | |||||||||||||||||||
| Underemployment - over 3 million | |||||||||||||||||||
| CPI inflation - at 2.7% | |||||||||||||||||||
| Autumn statement - austerity to continue | |||||||||||||||||||
| Energy prices - set to rise | |||||||||||||||||||
| Libor - rate fixing scandal | |||||||||||||||||||
| Greek exit - a little nearer | |||||||||||||||||||
| Competition policy - new regulator planned | |||||||||||||||||||
| Fiscal union - rejected by UK | |||||||||||||||||||
| Europe - a Tobin tax? | |||||||||||||||||||
| Credit ratings - US credit rating | |||||||||||||||||||
| Greek bailout - Euro problems | |||||||||||||||||||
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