CZ:Core Articles/Economics

High priority Business economics: Add brief definition or description Theory of the firm: Add brief definition or description Lower priority Austrian School: Add brief definition or description Budget deficit: the excess of a government's expenditures over its receipts. See also cyclically-adjusted budget deficit [e] Economies of scale: The factors that cause the cost of production of a product to fall as output of the product is increased. [e] Endogenous growth: Add brief definition or description Externalities: Add brief definition or description General equilibrium: A hypothetical state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see Equilibrium and disequilibrium). [e] Monetary economics: Add brief definition or description Neolassical economics: Add brief definition or description Rational expectations: Add brief definition or description Surplus: Add brief definition or description Monopoly (economics): Add brief definition or description Externality: A cost of production that is not borne by the producer, or a benefit that the producer does not receive. [e] Econometrics: The use of mathematical techniques to derive economic relationships from economic statistics. [e]

Lowest priority Economic history: Add brief definition or description Economic models: Add brief definition or description Precautionary principle: A policy of avoiding actions that have unknown consequences (variously interpreted). [e] Sustainability: An environmental concept about balancing the economic needs of current and future generations, given finite resources. [e] Public choice: Add brief definition or description Nash equilibrium: A situation in game theory in which no player can improve his position, given the responses of the other players. [e] Cardinal utility: Add brief definition or description Ordinal utility: Add brief definition or description Coase theorem: Add brief definition or description Informal economy: Add brief definition or description