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D
Decreasing cost industry ATC
Deflation Demand curve facing the firm
Demand deposit multiplier Demand deposits
G-4
INTRODUCTION TO ECONOMICS
Demand schedule
L
Labor Labor force Labor productivity
G-8
INTRODUCTION TO ECONOMICS
Land Law of demand Law of diminishing marginal returns
Law of diminishing marginal utility
Simplifying assumption
Socialism Sole proprietorship Specialization Spending multiplier
GDP Spending shock Stagflation Statistical discrimination
Short-run macroeconomic equilibrium
Nominal variable Nonmarket production Nonmonetary job characteristic
Nonprice competition Normal goods Normal profit Normative economics
O
Oligopoly Open market operations Opportunity cost
GDP
Consumption function
Consumption tax
Copyright
Corporate profits tax
G-3 Corporation Countercyclical fiscal policy Critical assumption Cyclical unemployment
GDP Expenditure approach
Explicit collusion Explicit cost
G-5 Exports Externality
F
Factor payments Factor payments approach
GDP Federal funds rate Federal Open Market Committee
G-9
Marginal social benefit (MSB) Marginal social cost (MSC) Marginal utility Market Market demand curve
Market economy Market failure
Market quantity demanded
Resource allocation
G-13
Resource markets Rivalry
S
Scarcity Seasonal unemployment Self-correcting mechanism Short run Short side of the market Shortage
Shutdown price Shutdown rule
Long-run supply curve Long-run total cost Loss Lumpy input
Law of increasing opportunity cost
Law of supply Loanable funds market Long run Long-run aggregate supply curve
Communism
Comparative advantage Compensating wage differential
Complement Constant cost industry
ATC Constant returns to scale Consumer Price Index
Consumption (C)
GDP Budget constraint
G-2
INTRODUCTION TO ECONOMICS
Budget deficit Budget line
Business cycles GDP
Business demand for funds curve
Business firm
C
Capital Capital gains tax Capital per worker Capital stock Capitalism
Cartel Cash in the hands of the public Central bank Change in demand Change in quantity demanded Change in quantity supplied Change in supply Coase theorem Command or centrally planned economy
AD
AS
GDP
Stock variable
G-14
INTRODUCTION TO ECONOMICS
Structural unemployment Substitute Substitution effect Sunk cost Supply curve
P
Pareto improvement Partnership Patent Patent Protection Payoff matrix Perfect competition Perfectly competitive labor market
Perfectly competitive market Physical capital
Demand shock AD
Depression Diminishing marginal returns to labor
Discount rate Discouraged workers Discrimination
Diseconomies of scale Disposable income
1
2
Market quantity supplied 1
2
Market signals Market structure Market supply curve Means of payment Microeconomics
Minimum efficient scale LRATC
Model Monetary policy
Increasing marginal returns to labor
Index
Indexation
Individual demand curve
G-7 Infant industry argument Inferior goods Inflation rate Input Intermediate goods Investment tax credit Involuntary part-time workers
Y Average fixed cost
Average standard of living GDP
Average total cost Average variable cost
B
Basic principles of economics
Behavioral economics
Black market Bond Boom
Dominant strategy
Duopoly
E
Economic growth Economic profit
Economic system Economics Economies of scale Employment-population ratio (EPR)
Entrepreneurship
H
Household's quantity demanded
1
2
Human capital
I
Imperfect Competition
Imperfect competitive market Implicit cost Imports Income Income effect
Increasing cost industry ATC
Q
Quota
R
Rational preferences 1
2
Real variable Recession
GDP Relative price Rent controls Repeated play
Required reserve ratio
Required reserves
Reserves Resource
Federal Reserve System Fiat money Final good Financial Intermediary
G-6
INTRODUCTION TO ECONOMICS
Firm's quantity supplied
1
2
Firm's supply curve
Fixed costs Fixed input Flow variable Free rider problem
A
Absolute advantage
Accounting profit Aggregate demand (AD) curve
GDP Aggregate supply (AS) curve
Aggregation Alternate goods
Automatic stabilizers Autonomous consumption
Frictional unemployment
Full employment
G
Game theory
GDP price index GDP GDP
Government demand for funds curve
Government franchise
Government purchases (G) Gross domestic product (GDP)
G-11 Planned investment (IP) spending
Positive economics Potential output Price Price ceiling Price floor Price leadership
Price level Price taker Principle of Opportunity Cost
Equilibrium GDP GDP Equilibrium price
Equilibrium quantity
Excess demand Excess demand for bonds Excess reserves Excess supply Excess supply of money Exchange Exchange rate Excludability Exit Expansion
Money demand curve
Money supply curve
Monopolistic competition
ຫໍສະໝຸດ Baidu
G-10
INTRODUCTION TO ECONOMICS
Monopoly firm Monopoly market
N
National debt Natural monopoly Natural oligopoly Net exports (NX) Net investment Net taxes Network externalities Nominal interest rate
Private investment (I)
G-12
INTRODUCTION TO ECONOMICS
Production function
Real interest rate
Productive inefficiency
Profit Protectionism
Pure private goods Pure public good
Long-run average total cost
M
Macroeconomics Marginal approach to profit
Marginal cost Marginal product of labor Marginal propensity to consume Marginal revenue
Decreasing cost industry ATC
Deflation Demand curve facing the firm
Demand deposit multiplier Demand deposits
G-4
INTRODUCTION TO ECONOMICS
Demand schedule
L
Labor Labor force Labor productivity
G-8
INTRODUCTION TO ECONOMICS
Land Law of demand Law of diminishing marginal returns
Law of diminishing marginal utility
Simplifying assumption
Socialism Sole proprietorship Specialization Spending multiplier
GDP Spending shock Stagflation Statistical discrimination
Short-run macroeconomic equilibrium
Nominal variable Nonmarket production Nonmonetary job characteristic
Nonprice competition Normal goods Normal profit Normative economics
O
Oligopoly Open market operations Opportunity cost
GDP
Consumption function
Consumption tax
Copyright
Corporate profits tax
G-3 Corporation Countercyclical fiscal policy Critical assumption Cyclical unemployment
GDP Expenditure approach
Explicit collusion Explicit cost
G-5 Exports Externality
F
Factor payments Factor payments approach
GDP Federal funds rate Federal Open Market Committee
G-9
Marginal social benefit (MSB) Marginal social cost (MSC) Marginal utility Market Market demand curve
Market economy Market failure
Market quantity demanded
Resource allocation
G-13
Resource markets Rivalry
S
Scarcity Seasonal unemployment Self-correcting mechanism Short run Short side of the market Shortage
Shutdown price Shutdown rule
Long-run supply curve Long-run total cost Loss Lumpy input
Law of increasing opportunity cost
Law of supply Loanable funds market Long run Long-run aggregate supply curve
Communism
Comparative advantage Compensating wage differential
Complement Constant cost industry
ATC Constant returns to scale Consumer Price Index
Consumption (C)
GDP Budget constraint
G-2
INTRODUCTION TO ECONOMICS
Budget deficit Budget line
Business cycles GDP
Business demand for funds curve
Business firm
C
Capital Capital gains tax Capital per worker Capital stock Capitalism
Cartel Cash in the hands of the public Central bank Change in demand Change in quantity demanded Change in quantity supplied Change in supply Coase theorem Command or centrally planned economy
AD
AS
GDP
Stock variable
G-14
INTRODUCTION TO ECONOMICS
Structural unemployment Substitute Substitution effect Sunk cost Supply curve
P
Pareto improvement Partnership Patent Patent Protection Payoff matrix Perfect competition Perfectly competitive labor market
Perfectly competitive market Physical capital
Demand shock AD
Depression Diminishing marginal returns to labor
Discount rate Discouraged workers Discrimination
Diseconomies of scale Disposable income
1
2
Market quantity supplied 1
2
Market signals Market structure Market supply curve Means of payment Microeconomics
Minimum efficient scale LRATC
Model Monetary policy
Increasing marginal returns to labor
Index
Indexation
Individual demand curve
G-7 Infant industry argument Inferior goods Inflation rate Input Intermediate goods Investment tax credit Involuntary part-time workers
Y Average fixed cost
Average standard of living GDP
Average total cost Average variable cost
B
Basic principles of economics
Behavioral economics
Black market Bond Boom
Dominant strategy
Duopoly
E
Economic growth Economic profit
Economic system Economics Economies of scale Employment-population ratio (EPR)
Entrepreneurship
H
Household's quantity demanded
1
2
Human capital
I
Imperfect Competition
Imperfect competitive market Implicit cost Imports Income Income effect
Increasing cost industry ATC
Q
Quota
R
Rational preferences 1
2
Real variable Recession
GDP Relative price Rent controls Repeated play
Required reserve ratio
Required reserves
Reserves Resource
Federal Reserve System Fiat money Final good Financial Intermediary
G-6
INTRODUCTION TO ECONOMICS
Firm's quantity supplied
1
2
Firm's supply curve
Fixed costs Fixed input Flow variable Free rider problem
A
Absolute advantage
Accounting profit Aggregate demand (AD) curve
GDP Aggregate supply (AS) curve
Aggregation Alternate goods
Automatic stabilizers Autonomous consumption
Frictional unemployment
Full employment
G
Game theory
GDP price index GDP GDP
Government demand for funds curve
Government franchise
Government purchases (G) Gross domestic product (GDP)
G-11 Planned investment (IP) spending
Positive economics Potential output Price Price ceiling Price floor Price leadership
Price level Price taker Principle of Opportunity Cost
Equilibrium GDP GDP Equilibrium price
Equilibrium quantity
Excess demand Excess demand for bonds Excess reserves Excess supply Excess supply of money Exchange Exchange rate Excludability Exit Expansion
Money demand curve
Money supply curve
Monopolistic competition
ຫໍສະໝຸດ Baidu
G-10
INTRODUCTION TO ECONOMICS
Monopoly firm Monopoly market
N
National debt Natural monopoly Natural oligopoly Net exports (NX) Net investment Net taxes Network externalities Nominal interest rate
Private investment (I)
G-12
INTRODUCTION TO ECONOMICS
Production function
Real interest rate
Productive inefficiency
Profit Protectionism
Pure private goods Pure public good
Long-run average total cost
M
Macroeconomics Marginal approach to profit
Marginal cost Marginal product of labor Marginal propensity to consume Marginal revenue