Microeconomics
Choices, prices, firms, consumers and individual markets.
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 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 economy of consumers or households or individual firms
DemandnounHow much buyers want and can afford to purchase.
marginal costnounThe extra cost of making one additional item.
marginal utilitynounThe extra benefit a person receives from one more unit.
market equilibriumnounThe point where buyers want to purchase the same amount sellers want to provide.
MonopolynounA market controlled by one main seller.
oligopolynounA market controlled by a few large businesses.
SupplynounHow much sellers are prepared to provide.