The Economics Game
University course discussion for economics.
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Re: The Economics GameTerms of trade - Measures the prices of exports from a country compared to the prices of imports into a country(Original post by abisolaay)
Elasticity -
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Re: The Economics GameDemand Pull Inflation.(Original post by Joseanne16)
Terms of trade - Measures the prices of exports from a country compared to the prices of imports into a country -
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Re: The Economics GameFirst reply and seems someone (and others) failed to read the OP.(Original post by neiljeff123)
Y is hard! I cant think of any
"which starts with the second-last letter of the word from the above post. (To avoid the numerous words ending with y in economics)."
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Re: The Economics GameMonetary Policy Committee (a different sort of MPC to the one above)(Original post by CityTrader)
The marginal perpensity to consume -
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Re: The Economics GameEngel curve.(Original post by Conorrr9)
Monetary Policy Committee (a different sort of MPC to the one above) -
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Re: The Economics GameVariables(Original post by Bax-man)
Engel curve. -
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Re: The Economics GameEquilibria (where more than one equilibrium exists e.g. 'multiple equilibria')(Original post by franzk)
VariablesLast edited by Foo.mp3; 23-12-2011 at 16:02. -
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Re: The Economics GameInelastic(Original post by Foo.mp3)
Equilibria (where more than one equilibrium exists e.g. 'multiple equilibria') -
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Re: The Economics GameInformation Asymmetry (the lack of complete, or 'perfect' information, a condition of perfect competition)(Original post by franzk)
Inelastic -
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Re: The Economics GameRational - Function of the price mechanism where resources are allocated to those prepared to pay the highest price(Original post by Foo.mp3)
Information Asymmetry (the lack of complete, or 'perfect' information, a condition of perfect competition) -
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Re: The Economics GameAdverse Selection (The increased propensity to prefer/select something based on a limited or skewed understanding of the true nature of that something as it is 'bundled' e.g. 'market for lemons')(Original post by franzk)
Rational - Function of the price mechanism where resources are allocated to those prepared to pay the highest priceLast edited by Foo.mp3; 23-12-2011 at 16:47. -
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Re: The Economics GameOpportunity cost - Value of the next best alternative forgone.(Original post by Foo.mp3)
Adverse Selection (The increased propensity to prefer/select something based on a limited or skewed understanding of the true nature of that something as it is 'bundled' e.g. 'market for lemons')
