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.
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
D |
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Disposable incomeThe income a consumer has left over to spend or save once they have paid out their net taxes. | |
DissavingAnother way of saying that saving is less than zero. This can occur at low levels of disposable income when the consumer must liquidate assets or borrow to maintain consumption. | |
Domestic priceThe equilibrium price of a good in a nation without trade. | |
Double countingThe mistake of including the value of intermediate stages of production in GDP on top of the value of the final good. | |
E |
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Economic growthOccurs when an economy’s production possibilities increase. | |
EconomicsThe study of how people, firms, and societies use their scarce productive resources to best satisfy their unlimited material wants. | |
EgalitarianismThe philosophy that all citizens should receive an equal share of the economic resources. | |
Equation of exchangeThe equation says the gdp is equal to the q of money multiplied by the number of times each dollar is spent in a year. | |
Equity financingThe firm’s method of raising funds for investment by issuing shares of stock to the public. | |
Excess reservesThe portion of a deposit that may be borrow by customers. | |