Economics/Glossary: Difference between revisions

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: ''Further explanations of some of the terms in this glossary are provided in the article in which they occur - which can be located using the [[Economics/Related Articles#Index|economics index]]''


:''The [[Financial system/Related Articles#Glossary|finance glossary]] and the [[Banking/Related Articles#Glossary|banking glossary]] define some specialised terms that are not included in this glossary''
:''The [[Financial system/Related Articles#Glossary|finance glossary]] and the [[Banking/Related Articles#Glossary|banking glossary]] define some specialised terms that are not included in this glossary''
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{{r|European Central Bank}}
{{r|European Central Bank}}
{{r|Evolutionary stable strategy}}
{{r|Evolutionary stable strategy}}
{{r|Excessive deficit procedure}}
{{r|Exchange rate protectionism}}
{{r|Exchange rate protectionism}}
{{r|Exogenous}}
{{r|Exogenous}}

Revision as of 07:27, 2 April 2010

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https://en.citizendium.org/wiki/index.php?title=Economics/Glossary&printable=yes
Glossary of terms related to Economics.
Further explanations of some of the terms in this glossary are provided in the article in which they occur - which can be located using the economics index
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

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C

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D

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E

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F

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G

H

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I

J,K,L

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M

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N

O

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P,Q

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R

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S

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

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