Macroeconomics
Whole-economy activity, inflation, growth and policy.
Areas within Macroeconomics
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 words8 featured terms
The database can contain more terms than shown here; this page prioritises the strongest mappings.
the branch of economics that studies the overall working of a national economy
aggregate demandnounThe total amount households, firms and government want to spend in an economy.
aggregate supplynounThe total amount an economy can produce at different price levels.
consumer price indexnounA measure used to track changes in the cost of everyday purchases.
nominal valuenounA money amount before allowing for changes in purchasing power.
purchasing powernounHow much a given amount of money can purchase.
real incomenounIncome measured by what it can actually buy after inflation.
unemploymentnounWhen people who want work cannot find a job.