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.


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D

Determinates of consumption and saving

Factors that shift the consumption and saving functions in the opposite direction are wealth, expectations, and household debt. The factors that change consumption and saving in the same direction are taxes and transfers.


Determinates of demand

The external factors that shift d to the left or right.


Determinates of exchange rates

External factors that increase the price of one currency relative to another.


Discount rate

The i% commercial banks pay on short term loans from the FED.


Disposable income

The income a consumer has left over to spend or save once they have paid out their net taxes.


Dissaving

Another 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 price

The equilibrium price of a good in a nation without trade.


Double counting

The mistake of including the value of intermediate stages of production in GDP on top of the value of the final good.



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