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2 days ago · An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions. It covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labour economics, public economics and public finance, monetary economics, environmental economics, and many others.
Study with Quizlet and memorise flashcards containing terms like Allocative efficiency, Division of labour, Factors of production and others.
This ratio measures the sensitivity of an individual asset’s price to that of the overall market.
Feb 2, 2016 · These pages bring together a comprehensive list of economic terms related to and used within ONS releases. As such, they provide a valuable resource to aid users’ understanding and...
- Trade Openness Measures
- Financial Openness Measures
- Hybrid and Combined Measures For Economic Openness
De facto openness to trade in goods and services is a prime subject of interest in discussions on economic openness. The core measure in these discussions is Trade volume relative to GDP (Fuji 2019). As Table 1shows, alternative de-facto openness measures are mostly based on sub-components and variations of the Trade/GDP approach. The popularity of...
The most popular de-facto measure of financial openness comes from the dataset compiled and continuously updated by Lane and Maria Milesi-Ferretti (2003, 2007, 2017). It is now typically referred to as the “financial openness index” and defined as the volume of a country’s foreign assets and liabilities relative to GDP (Baltagi et al. 2009). The La...
While there is a number of different indicators for assessing the intensity of globalization in general (see Gygli et al. 2019, Table 2, for an overview), indices that focus specifically on economic globalization (as distinguished from e.g. social, political or cultural aspects of globalization) are comparably rare. To derive such more specific mea...
- Claudius Gräbner, Claudius Gräbner, Philipp Heimberger, Jakob Kapeller, Jakob Kapeller, Florian Spri...
- 2021
May 17, 2021 · Here's a handy glossary of all the key terms in Theme 1 (Introduction to Markets and Market Failure) for Edexcel A-Level Economics. We've grouped the terms into specification order to make it super-easy to check on a definition or explanation of a term or concept as you come across it in your studies. If you'd like a full, printed Key Terms ...
This page gives advice on the proper usage of several key terms in economics writing, warning students how ambiguity can arise from careless choice, and insufficient definition, of terms.
