[hemant1]

(Original post by tateco)
Life-cycle hypothesis - how spending changes over a life time and how it can influence the consumption of an economy

edit: My bad, didn't read the good bit, ah well, at least it brings the letter I into the game :P

Income elasticity of demand= The responsiveness to demand with a change in income.

[hemant1]

(Original post by Nextmove)
Demand Deficient unemployment - When there's not sufficient demand in an economy to generate more jobs.

Took a while but the D's are hard now. Hope that ones right couldn't explain it shorter than that.

Normative statement- value judgement

[MrEboueEmmanuel]

(Original post by hemant1)
Normative statement- value judgement

Negative wealth effect-wealth effect in reverse

[Theconomist]

(Original post by MrEboueEmmanuel)
Negative wealth effect-wealth effect in reverse

terms of trade-measures the rate of exchange of one good or service

[Nextmove]

(Original post by hemant1)
Normative statement- value judgement

Natural resources - Resources generated from the planet which can have value

[MrEboueEmmanuel]

(Original post by Nextmove)
Natural resources - Resources generated from the planet which can have value

Economy- Area where goods and services are produced

[hemant1]

(Original post by Nextmove)
Natural resources - Resources generated from the planet which can have value

Efficient- Achieving maximum productivity with minimum waste

[Nextmove]

(Original post by MrEboueEmmanuel)
Economy- Area where goods and services are produced

Money Supply - The amount of money in an economy.

[hemant1]

(Original post by MrEboueEmmanuel)
Economy- Area where goods and services are produced

Market failure- Private cost>Social cost

[hemant1]

(Original post by Nextmove)
Money Supply - The amount of money in an economy.

Labour

[Nextmove]

(Original post by hemant1)
Market failure- Private cost>Social cost

Repo-rate - Some rate the central bank uses for something... Cool definition right?

[tijuthomas]

(Original post by Nextmove)
Repo-rate - Some rate the central bank uses for something... Cool definition right?

Transmission Mechanism.
When changes in the money supply affects Demand in an economy.

[DarkSenrine]

Keynes Effect: As prices fall, a given nominal amount of money will be a larger real amount. Consequently the interest rate would fall and investment demanded rise.

[Nextmove]

(Original post by tijuthomas)
Transmission Mechanism.
When changes in the money supply affects Demand in an economy.

Trust me! The dominoes game is over!

How many more T words can possibly exist in economics?

EDIT: sure as hell proved me wrong

[hemant1]

I give up for now >,<
I'm gonna go revise Maths :l

[MrEboueEmmanuel]

(Original post by DarkSenrine)
Keynes Effect: As prices fall, a given nominal amount of money will be a larger real amount. Consequently the interest rate would fall and investment demanded rise.

Contestable market-When there are no or very little barriers to entry

[Nextmove]

(Original post by tijuthomas)
Transmission Mechanism.
When changes in the money supply affects Demand in an economy.

Ok now i'm going for a possible one since I cant think of any more with S

Stimulus package - Government intervention using fiscal policy to prevent economic crisis.

[tijuthomas]

(Original post by Nextmove)
Ok now i'm going for a possible one since I cant think of any more with S

Stimulus package - Government intervention using fiscal policy to prevent economic crisis.

A favourite of mine,
Giffen Goods.
Goods for which, as price increases, demand increases.

[Anita B. Studin]

(Original post by tijuthomas)
A favourite of mine,
Giffen Goods.
Goods for which, as price increases, demand increases.

dividends

[Nextmove]

(Original post by tijuthomas)
A favourite of mine,
Giffen Goods.
Goods for which, as price increases, demand increases.

We've already had that one lol

I was hoping someone would say GAME THEORY! Obvious one!