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