Course glossary
During lectures you will learn new words. Using this link you are welcome to add them to our "course glossary", so that other students will be able to see them and learn. Let's make our own useful glossary and help each other to learn new words! By the way, there are already some worlds which should be familiar for you till the end of the course, try to cover them when you mill have free time.
Арнайылар | А | Ә | Б | В | Г | Ғ | Д | Е | Ё | Ж | З | И | Й | К | Қ | Л | М | Н | Ң | О | Ө | П | Р | С | Т | У | Ұ | Ү | Ф | Х | Һ | Ц | Ч | Ш | Щ | Ъ | Ы | І | Ь | Э | Ю | Я | Барлығы
N |
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Nominal GDPThe value of current production at the current prices. | |
Nominal incomeToday’s income measured in today’s dollars. These are dollars unadjusted by inflation. | |
Nominal rate of interestThe percentage increase in money that the borrower pays the lender and is equal to the real rate plus the expected inflation. | |
Nonmarket transactionsHousehold work or do-it-yourself jobs are missed by gdp accounting. The same is true of g transfer payments and purely financial transactions. | |
Non-renewable resourcesresources that cannot replenish themselves. Coal is a good example. | |
Normal goodsA good for which higher income increases D. | |
O |
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Official reserves accountThe FED’s adjustment of a deficit or surplus in the current and capital account by the addition or subtraction of foreign currencies so that the balance of payments is zero. | |
Open market operationsA tool of monetary policy, it involves the FED’s buying or selling of securities to or from commercial banks and the general public. | |
Opportunity costThe value of the sacrifice made to pursue a course of action. | |
P |
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PeakThe top of a business cycle where an expansion has ended. | |