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Economic Interaction
Opportunity Cost
Trade-offs at the margin
Resource
Individual choice
4 principles
Incentive
5-9 principles
Equilibrium
Efficiency
Equity
Principles 10-12
Inflation
Model
Other things equal assumption
Production Possibility Frontier
Efficient in Production
Factors of Production
Comparative Advantage
Absolute Advantage
Barter trade
Circular-flow diagram
Markets for goods and services;
Factor Markets
Income distribution
Positive economics versus Normative economics
Causal relationship; dependent and independent variable
Curve; and linear relationships
Tangent line
Omitted Variable
Reverse causality
Competitive Market
Shift of the demand curve
Movement along the demand curve
Substitute
Complement
Normal Goods
Inferior Goods
Individual Demand Curve
Market-Clearing Price
Shortage (excess demand)
Property Rights
Economic Signal
Market Failure
Price Controls;
Price Ceiling;
Price Floor
Deadweight Loss
Ricardian model of International Trade
Factor intensity
Heckscher Ohlin Model
Domestic Demand Curve
Offshore Outsourcing
Self-Regulating Economy
Keynesian Economics
Monetary Policy
Fiscal Policy
Recessions and Expansion
Business Cycle
Inflation and Deflation
Trade Deficit or Surplus
National Accounts
Stock
Inventories
Net Exports
Price Index
Rule of 70
Convergence Hypothesis
Loanable Funds Market
Crowding Out
Fisher Effect
Marginal Propensity to Consume (MPC)
Marginal Propensity to Save (MPS)
Autonomous Change in Aggregate Spending
Multiplier
Consumption Function
Aggregate Consumption Function
Accelerator Principle
Inventory Investment
Income Expenditure Equilibrium
Income-Expenditure Equilibrium GDP
Keynesian Cross
The Paradox of Thrift
Rise in Interest Rate
Sticky Wages
Potential Output
Stagflation
Recessionary Gap
Inflationary Gap
Stabilization Policy
Maturity Transformation
Maturity Transformation
Banking Crisis
Asset Bubble
Financial Contagion
Credit Crunch
Debt Overhang
Keynesian Economics
Macroeconomic Policy Activism
Monetarism
Discretionary Monetary Policy
Monetary Policy Rule
Velocity of Money
Natural Rate Hypothesis
Political Business Cycle
New Classical Macroeconomics
Rational Expectations
New Keynesian Economics
Real Business Cycle Theory
Great Moderation Consensus
Current Account
Balance of Payments on Goods and Services
Trade Balance (Merch Trade Balance)
Financial Account (Balance of Payments on Financial Accounts / Capital Account)
Equilibrium Exchange Rate
Real Exchange Rates
Purchasing Power Parity
Exchange Rate Regime;
Fixed and Floating Exchange Rate
Exchange Market Intervention
Foreign Exchange Reserves
Foreign Exchange Controls
Social Insurance
Expansionary Fiscal Policy
Lump-Sum Taxes
Automatic Stabilizers
Discretionary Fiscal Policy
Cyclically Adjusted Budget Balance
Fiscal Year
Public Dept
Debt-GDP Ratio
Implicit Liabilities
Currency in Circulation
Checkable Bank Deposits
Money Supply
Money is:
Unit of Account
Commodity (Backed) Money
Fiat Money
Monetary Aggregate
Near-Moneys
Bank Reserves
T-Account
Reserve Ratio
Bank Run
Deposit Insurance
Reserve Requirements
Discount Window
Excess Reserves
Monetary Base
Money Multiplier
Central Bank
Federal Funds Market
Federal Funds Rate
Discount Rate
Open Market Operation
Leverage
Balance Sheet Effect
Vicious Cycle of Deleveraging
Subprime Lending
Securitization
Money Demand Curve
Liquidity Preference Model of the Interest Rate
Money Supply Curve
Taylor Rule for Monetary Policy
Inflation Targetting
Monetary Neutrality
Classical Model of the Price Level
Inflation Tax
Okun's Law
Short-Run Phillips Curve
NAIRU Non Accelerating Inflation Rate of Unemployment
Long-Run Phillips Curve
Disinflation
Debt deflation
Zero Bound
Liquidity Trap
