Download IB Economics SL Terms

Name
IB Economics SL Terms
Define:
Absolute Poverty
Actual output
Administrative barriers
Ad Valorem Taxes
Aggregate Demand
Aggregate Demand Curve
Aggregate Supply
Allocative efficiency
Anti-Dumping
Appreciation
Automatic Stabilisers
Average Tax Rate
Balanced Budget
Balance of Payments
Benefit Principle
Bilateral Trade agreement
Budget Deficit
Budget Surplus
Business cycle
Cap and Trade Scheme
Capital Account ( BALANCE OF PAYMENTS)
Carbon Tax
Central Bank
Ceteris Paribus
Circular flow of Income Model
Clean Technology
Closed Economy
Commercial Bank
Common access resources
Common Good
Common Market
Competition
Competitive Market
Competitive Supply
Complement Goods
Consumer Price Index
Consumer Surplus
Consumption
Contractionary Monetary Policy
Cost-Push inflation
Costs of Production
Cross-Price Elasticity of Demand (XED)
Crowding-Out
Current Account (BALANCE OF PAYMENTS)
Customs Union
Cyclical Unemployment (Demand-Deficient Unemployment)
Deciles
Deflation
Demand
Demand Curve
Demand-Pull inflation
Demand-Side Policies
Demerit Goods
Depreciation
Deregulation
Devaluation
Development Aid
Direct Taxes
Disinflation
Disposable Income
Diversification
Dual Economy
Dumping
Demand Deficient Unemployment
Economically less developed countries
Economically more developed countries
Economic efficiency
Economic Growth
Economic Integration
Economics
Elasticity
Empowerment
Entrepreneurship (FACTOR OF PRODUCTION)
Equilibrium
Equity
Errors and Omissions (BALANCE OF PAYMENTS)
Excess demand (Shortage)
Excess Supply (Surplus)
Exchange rate
Excise Taxes
Expansionary fiscal policy
Expansionary Monetary policy
Expenditure Approach
Expenditure flow
Export Promotion
Externality
Factors of Production
Fair Trade
Financial Account (BALANCE OF PAYMENTS)
Fiscal Policy
Fixed Exchange Rate
Foreign Aid
Foreign Debt
Foreign Direct Investment
Freely Floating Exchange Rates
Free trade
Free trade area
Frictional Unemployment
Full Employment
GDP per capita
Gini Coefficient
Government Budget
Government Intervention
Grant
Green GDP
Gross Domestic Product (GDP)
Gross National Income (GNI)
Hidden Unemployment
Human Capital
Human Development Index (HDI)
Humanitarian Aid
Import Substitution
Incentive-Related policies (A type of supply-side policy)
Income approach
Income elasticity of demand (YED)
Income flow
Income (Part of CURRENT ACCOUNT)
Indebtedness
Indirect Taxes
Infant Industry
Inferior good
Inflation
Inflationary gap
Inflation targeting
Infrastructure
Injections (part of the CIRCULAR FLOW OF INCOME MODEL)
Interest
Interest Rate
International Monetary Fund (IMF)
Interventionist Policy
Interventionist supply-side policy
Investment
Keynesian Aggregate Supply Curve
Labor (FACTOR OF PRODUCTION)
Labor Market Flexibility
Labor Market reforms
Labor market rigidities
Land (FACTOR OF PRODUCTION)
Law of Demand
Law of Supply
Leakages (CIRCULAR FLOW OF INCOME)
Lorenz Curve
Luxuries
Macroeconomic Objectives
Managed Exchange rates
Marginal Benefit
Marginal Cost
Marginal External Cost
Marginal Private Benefits
Marginal Social Costs
Marginal tax rate
Market
Market-base supply-side policy
Market Demand
Market Failure
Market-Oriented policy
Market Supply
Maximum Price (Price Ceiling)
Merit Goods
Microeconomics
Microfinancing
Millennium Developmental Goals
Minimum Price (Price floor)
Minimum Wage (Price floor)
Monetary Policy (Type of demand-side policy)
Monetary Union
Money
Multilateral development assistance
Multilateral trade agreement
Multinational corporation
National Income
Natural Capital
Natural Unemployment
Necessities
Neoclassical Supply Curve
Negative Externality (Also known as spillover costs)
Negative Externality of Consumption
Negative Externality of Production
Net Exports
Nominal GDP
Nominal value
Non-Excludable
Non-governmental Organizations (NGOs)
Non-price determinants of Demand
Non-price determinants of Supply
Non-price rationing
Non-produced Non-Financial Assets
Non-Rivalrous
Normal Good
Normative Economics
Official Development Assistance (ODA)
Open Economy
Output Approach
Overallocation of Resources
Overvalued currency
Per Capita
Perfectly Elastic Demand
Perfectly Elastic Supply
Perfectly inelastic Demand
Perfectly inelastic Supply
Personal income taxes
Physical Capital
Portfolio Investment
Positive causal Relationship
Positive Externality (Also known as Spillover Benefits)
Positive Externality of Consumption
Positive Externality of Production
Potential Output
Poverty
Poverty Cycle
Preferential trade agreement
Price as incentives
Price Control
Price elastic Demand
Price Elastic Supply
Price Inelastic Demand
Price inelastic Supply
Price support
Primary commodity
Primary Products
Primary sector
Private Good
Privatisation
Producer Price Index
Producer Surplus
Production Possibilities curve
Productive Efficiency
Productivity
Profit
Program aid
Progressive taxation
Project aid
Property rights
Proportional Taxation
Public Debt
Public good
Purchasing Power Parity exchange rate
Quintiles
Quota
Real GDP
Real Wage Unemployment
Reallocation of resources
recession
Recessionary gap
Redistribution of income
Regional Trade Agreement
Regressive taxation
Regulation
Relative Poverty
Rent
Reserve Allocation
Resources
Revaluation (Of a Currency)
Rivalrous
Scarcity
Seasonal Unemployment
Social Optimum
Social Safety net
Social surplus
Spare Capacity
Specific Tax
Speculation
Structural Unemployment
Subsidy
Substitute Goods
Supply
Supply of Money
Supply shock
Supply-side policies
Sunset Industry
Tariffs
Terms of Trade
Taxation
Total Revenue
Tradable Permits
Trade Liberalization
Trade Protection
Trading Bloc
Transaction cost
Transfer Payments
Underallocation of Resources
Underemployment
Underground Market
Undervalued currency
Unemployment
Unemployment rate
Unit Elastic Demand
Urban Informal Sector
Value Added Tax
Value of output flow
Wage
Welfare
Welfare loss
World Bank
World Trade Organization (WTO)