Microeconomics
Consumers, firms, prices, incentives and market structure.
Areas within Microeconomics
Macroeconomics
Whole-economy activity, inflation, growth and policy.
8 wordsMicroeconomics
Choices, prices, firms, consumers and individual markets.
8 wordsBehavioural economics
How psychology and context affect economic decisions.
0 wordsEconometrics
Statistical methods for analysing economic data.
0 wordsInternational economics
Trade, currencies and economic relationships between countries.
2 wordsPublic economics
Taxation, public spending, public goods and government intervention.
1 wordsGeneral economics
Specialist vocabulary classified under Economics.
80 wordsMicroeconomics
Consumers, firms, prices, incentives and market structure.
173 wordsMacroeconomics
Growth, inflation, unemployment, national output and macroeconomic policy.
331 wordsLabour economics
Employment, wages, labour supply, productivity and labour markets.
120 wordsPublic economics
Taxation, public spending, externalities and government intervention.
105 wordsInternational economics
Trade, exchange rates, global markets and cross-border economic relationships.
85 wordsDevelopment economics
Economic development, poverty, inequality and structural change.
134 wordsBehavioural economics
Psychological influences on economic decisions and behaviour.
85 wordsEconometrics
Statistical methods used to estimate and test economic relationships.
80 words120 featured terms
The database can contain more terms than shown here; this page prioritises the strongest mappings.
(economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
Consumptionnoun(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
Economic consumptionnoun(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
Economic theorynoun(economics) a theory of commercial activities (such as the production and consumption of goods)
Game theorynoun(economics) a theory of competition stated in terms of gains and losses among opposing players
Gresham's Lawnoun(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable m…
marginal utilitynoun(economics) the amount that utility increases with an increase of one unit of an economic good or service
Monopolynoun(economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask any price…
Monopsonynoun(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Moral hazardnoun(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance); "insurance companies are expo…
oligopolynoun(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence p…
Productionnoun(economics) manufacturing or mining or growing something (usually in large quantities) for sale; "he introduced more efficient methods of produc…
Productivitynoun(economics) the ratio of the quantity and quality of units produced to the labor per unit of time
Rent seekingnoun(economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through…
Rent-seekingnoun(economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through…
Spillovernoun(economics) any indirect effect of public expenditure
Theory of gamesnoun(economics) a theory of competition stated in terms of gains and losses among opposing players
Usancenoun(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
Usenoun(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
Use of goods and servicesnoun(economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
Utilitynoun(economics) a measure that is to be maximized in any situation involving choice
Challengernounthe contestant you hope to defeat; "he had respect for his rivals"; "he wanted to know what the competition was doing"
chemical equilibriumnouna chemical reaction and its reverse proceed at equal rates
Competitionnounthe contestant you hope to defeat; "he had respect for his rivals"; "he wanted to know what the competition was doing"
Competitornounthe contestant you hope to defeat; "he had respect for his rivals"; "he wanted to know what the competition was doing"
Consumernouna person who uses goods or services
Contendernounthe contestant you hope to defeat; "he had respect for his rivals"; "he wanted to know what the competition was doing"
Costnounthe property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of…
Demandnounthe act of demanding; "the kidnapper's exorbitant demands for money"
Elasticitynounthe tendency of a body to return to its original shape after it has been stretched or compressed; "the waistband had lost its snap"
Equilibriumnouna chemical reaction and its reverse proceed at equal rates
Externalitynounthe quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
Firmadjectivestrong and sure; "a firm grasp"; "gave a strong pull on the rope"
Marginaladjectiveproducing at a rate that barely covers production costs; "marginal industries"
Marketnounthe world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven…
Market placenounthe world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven…
Marketplacenounthe world of commercial activity where goods and services are bought and sold; "without competition there would be no market"; "they were driven…
Microeconomicsnounthe branch of economics that studies the economy of consumers or households or individual firms
Monetary valuenounthe property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of…
Orientationnouna predisposition in favor of something; "a predilection for expensive cars"; "his sexual preferences"; "showed a Marxist orientation"
Outwardnessnounthe quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
Predilectionnouna predisposition in favor of something; "a predilection for expensive cars"; "his sexual preferences"; "showed a Marxist orientation"
Preferencenouna predisposition in favor of something; "a predilection for expensive cars"; "his sexual preferences"; "showed a Marxist orientation"
Pricenounthe property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of…
Rivalnounthe contestant you hope to defeat; "he had respect for his rivals"; "he wanted to know what the competition was doing"
Snapnounthe tendency of a body to return to its original shape after it has been stretched or compressed; "the waistband had lost its snap"
Strongadjectivestrong and sure; "a firm grasp"; "gave a strong pull on the rope"
Supplynounoffering goods and services for sale
Acid-base balancenoun(physiology) the normal equilibrium between acids and alkalis in the body; "with a normal acid-base balance in the body the blood is slightly al…
Acid-base equilibriumnoun(physiology) the normal equilibrium between acids and alkalis in the body; "with a normal acid-base balance in the body the blood is slightly al…
Assessmentnounthe market value set on assets
Boringnounthe act of drilling a hole in the earth in the hope of producing petroleum
Bouncenounthe quality of a substance that is able to rebound
Breedingnounthe production of animals or plants by inbreeding or hybridization
Brewingnounthe production of malt beverages (as beer or ale) from malt and hops by grinding and boiling them and fermenting the result with yeast
Capacitynounthe maximum production possible; "the plant is working at 80 per cent capacity"
Champnounsomeone who has won first place in a competition
Championnounsomeone who has won first place in a competition
Chewernounsomeone who chews (especially someone who chews tobacco)
Claimnoundemand for something as rightful or due; "they struck in support of their claim for a shorter work day"
Clientnounsomeone who pays for goods or services
Comernounsomeone with a promising future
Cornernouna temporary monopoly on a kind of commercial trade; "a corner on the silver market"
Cultivationnoun(agriculture) production of food by preparing the land to grow crops (especially on a large scale)
Cultivationnounthe act of raising or growing plants (especially on a large scale)
Customernounsomeone who pays for goods or services
Drillingnounthe act of drilling a hole in the earth in the hope of producing petroleum
Drinkernouna person who drinks alcoholic beverages (especially to excess)
Drinkernouna person who drinks liquids
Eaternounsomeone who consumes food for nourishment
Enemynouna personal enemy; "they had been political foes for years"
Exactionnounact of demanding or levying by force or authority; "exaction of tribute"; "exaction of various dues and fees"
Excavationnounthe act of extracting ores or coal etc. from the earth
Favoritenouna competitor thought likely to win
Favouritenouna competitor thought likely to win
Feedernounsomeone who consumes food for nourishment
Foenouna personal enemy; "they had been political foes for years"
Generationnounthe production of heat or electricity; "dams were built for the generation of electricity"
Givenounthe elasticity of something that can be stretched and returns to its original length
Imbibernouna person who drinks alcoholic beverages (especially to excess)
Labor marketnounthe market in which workers compete for jobs and employers compete for workers
marginal costnounthe increase or decrease in costs as a result of one more or one less unit of output
Mass productionnounthe production of large quantities of a standardized article (often using assembly line techniques)
Miningnounthe act of extracting ores or coal etc. from the earth
Oil productionnounthe act of drilling a hole in the earth in the hope of producing petroleum
Outputnounproduction of a certain amount
Overproductionnountoo much production or more than expected
Overrunnountoo much production or more than expected
Prodigalnouna recklessly extravagant consumer
Profligatenouna recklessly extravagant consumer
Quarryingnounthe extraction of building stone or slate from an open surface quarry
Resiliencenounthe physical property of a material that can return to its original shape or position after deformation that does not exceed its elastic limit
Resiliencynounthe physical property of a material that can return to its original shape or position after deformation that does not exceed its elastic limit
Scratchnouna competitor who has withdrawn from competition
Sericulturenounthe production of raw silk by raising silkworms
Smokernouna person who smokes tobacco
Snuffernouna person who uses snuff
Springnounthe elasticity of something that can be stretched and returns to its original length
Springinessnounthe elasticity of something that can be stretched and returns to its original length
Squanderernouna recklessly extravagant consumer
Stretchnounthe capacity for being stretched
Tempernounthe elasticity and hardness of a metal object; its ability to absorb considerable energy before cracking
Tiernounany one of two or more competitors who tie one another
Tilternounsomeone who engages in a tilt or joust
Topernouna person who drinks alcoholic beverages (especially to excess)
Toughnessnounthe elasticity and hardness of a metal object; its ability to absorb considerable energy before cracking
Underproductionnouninadequate production or less than expected
Worldlinessnounconcern with worldly affairs to the neglect of spiritual needs; "he disliked the worldliness of many bishops around him"
Yieldnounproduction of a certain amount
Agriculturenounthe practice of cultivating the land or raising stock
Apiculturenounthe cultivation of bees on a commercial scale for the production of honey
Bacchanalnounsomeone who engages in drinking bouts
Bacchantnounsomeone who engages in drinking bouts
Buyernouna person who buys
Carousernounsomeone who enjoys riotous drinking
Cheapnessnouna price below the standard price
Costlinessnounthe quality possessed by something with a great price or value
Cropnounthe yield from plants in a single growing season
Culturenounthe raising of plants or animals; "the culture of oysters"
Dearnessnounthe quality possessed by something with a great price or value
