|
|
Economic shock |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Economic shockEvents that impact the economy, come from outside it, and are unexpected and upredictable (e.g., Hurricane Andrew in 1991, the rise in oil prices by OPEC).Economic shock Similar MatchesEconomic efficiencyEconomic efficiencyThe extent to which a given set of resources is being allocated across uses or activities in a manner that maximizes whatever value they are intended to produce, such as output, market value, or utility. Contrasts with engineering efficiency, which focuses within a single activity on the output it produces per unit input. Economic contractionEconomic contractionThe downward phase of the business cycle, in which GDP is falling and unemployment is rising over time. Economic freedomEconomic freedomFreedom to engage in economic transactions, without government interference but with government support of the institutions necessary for that freedom, including rule of law, sound money, and open markets. International macroeconomicsInternational macroeconomicsSame as international finance, but with more emphasis on the international determination of macroeconomic variables such as national income and the price level. International monetary economicsInternational monetary economicsSame as international finance, but with more emphasis on the role of money and less on other financial assets. Further Suggestionseconomic value addedFirst theorem of welfare economics Economic defeasance Economic rents economics Neoclassical economics Economic union European Economic Area Economic growth rate Economic income Economic exposure Macroeconomic Chinese Economic Area macroeconomics Welfare economics Economic exposure Economic geography Keynesian economics Microeconomics Economics Asia Pacific Economic Cooperation Pact (APEC) Economic development Economic rate of return Economic interdependence Leading economic indicators |
|
|
|