International economics/Related Articles: Difference between revisions
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Revision as of 04:17, 15 May 2008
- See also changes related to International economics, or pages that link to International economics or to this page or whose text contains "International economics".
Index
See the related articles subpage to the article on economics [1] for an index to topics referred to in the economics articles.
Definitions
- Balance of payments problem [r]: Lack of sufficient foreign exchange reserves to maintain the desired fixed exchange rate of a country's currency. [e]
- Comparative advantage [r]: The motive for trade that arises from the fact that for each trader there are things that he does best, and things that he can better obtain by trading. [e]
- Comparative statics [r]: The method of deducing the effects of an action upon an economic system by consideration of the difference between its prior and consequent static states - and without reference to transitional conditions. [e]
- Econometrics [r]: The use of mathematical techniques to derive economic relationships from economic statistics. [e]
- Economies of scale [r]: The factors that cause the cost of production of a product to fall as output of the product is increased. [e]
- Eurozone [r]: The member states of the European Union that use the euro as their common currency (Belgium, Germany¸ Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, The Netherlands, Austria, Portugal, Slovenia, Slovakia, and Finland) [e]
- Marginal product [r]: The additional output of a product produced by the application of one additional unit of input. [e]
- Market power [r]: The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply: a measure of departure from the ideal of perfect competition in which every supplier is a price-taker [e]
- Precautionary principle [r]: A policy of avoiding actions that have unknown consequences (variously interpreted). [e]
- Terms of trade [r]: The ratio of the index of a country's export prices to the index of its import prices. [e]
- Washington Consensus [r]: An interpretation of the conditions required by the International Monetary Fund for financial assistance to developing countries. [e]