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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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. | |
Exchange rateThe price of one currency in terms of a second currency. | |
ExpansionA period where real GDP is growing. | |
Expansionary fiscal policyIncreases in government spending or lower net taxes meant to shift the aggregate expenditure function upward and shift ad to the right. | |
Expansionary monetary policyDesigned to fix a recession and increase AD, lower the u%, and increase GDP | |