
Kalpesh Agrawal
CB2 Topics
List of CB2 Topics.
Economics is divided into two main branches:
macroeconomics
microeconomics
Different economic systems:
Free market economy
Mixed economy
centrally planned economy
command economy
Different types of efficiency:
Economic efficiency
Productive efficiency
Allocative efficiency
The development of economic thinking
Mark's labour theory of value
The factors that influence the demand for a good
The factors that influence the supply of a good
Goods
Inferior goods
Complementary goods
Substitute goods
Normal goods
A person's attitude to fair gambling:
a risk-averse person
a risk-neutral person
a risk-loving person
Some important terms:
Aggregate demand and supply
Ad valorem tax
Asymmetric information
Adverse selection in insurance
Accelerationist theory of inflation
Automatic fiscal stabilisers
Average revenue
Balance of payment
Balance of trade
Bank levy
Bank multiplier
Barter economy
Behavioural economics
Bounded rationality
Barriers to entry
Bertrand model
Bill of exchange
Budget deficit and surplus
Bygones principle
By-product
Capital
Cartel
Certificates of deposit
Coase theorem
Certainty equivalent
Capital adequacy & Capital adequacy ratio
Capital-output ratio
Collateralised Debt Obligations (CDO)
Collusive tendering
Comparative advantage
Concentration ratios
Contestable markets
Countervailing power
Cournot model
Crowding out
Demand-side policy and Supply-side policy
Diversification
Deadweight welfare loss
Decision tree
Deflation
Demand-side policies
Depreciation
Diseconomies of scale
Diversification
Dominant strategy
Dumping
Duopoly
Equity
Equilibrium price
Econometrics
Equi-marginal principle
Economic efficiency
Economic growth
Economic profit
Economies of scale
Economies of scope
Envelope curve
Equation of exchange
Exchange rate
Exchange rate mechanism (ERM)
Expectations-augmented Phillips curve
Expected utility principle
Explicit costs
Externalities
Factors (resources) of production
Forwards and Futures
Fiscal policy
Fixed cost
Franchise
Free market
Frictional unemployment
Free-rider problem
Future price
Feasible insurance contracts
Financial instruments
Fine-tuning policy
Game theory
Giffen good
GDP deflator
Globalisation
Goodhart's law
Gross Domestic Product (GDP)
Gross value added
Growth vector-matrix
Gross national income
Heterodox economists
Historical costs
Horizontal expansion
Hysteresis
Input-output analysis
Ignorance
Immobility
Implicit costs
Inflation
Cost-push inflation
Demand-pull inflation
Income elasticity of demand (IED)
Indirect taxes
Indifference analysis
Indivisibilities
Infant industry
Inflationary gap
Insurance
Internal expansion
International liquidity
International trade
Investment
Interest rates
Kinked demand curve model
Labour power
Liquidity vs. profitability
Law of diminishing returns
Licencing
Liquidity ratio
Liquidity trap
Marginal costs and benefits
Market clearing
Marginal rate of substitution
Macro-prudential regulation
Managed flexibility (dirty floating)
Marginal revenue
Marginal utility
Market segmentation
Marketing mix
Maturity gap
Mergers
Merit goods
Moral hazard
Minimum reserve ratio
Monetary financial institutions
Monetary policy
Monetary transition mechanisms
Money
Money market equilibrium
Monopolistic competition
Monopoly
Multiple-move games
Nudge theory
NAIRU (Non-accelerating inflation rate of unemployment)
Nash equilibrium
Natural monopoly
Non-excludability
Non-price competition
Non-rivalry
Opportunity cost
Oligopoly
Open market operations
Outsourcing
The optimum combination of factors
Production possibility curve
Perfect competition
Phillips curve
Production & Consumption
Price elasticity of demand (PED)
Price elasticity of supply (PES)
Payoff table
Patents
Precautionary demand for money
Price controls
Price maker
Price taker
Price to book ratio
Pricing
Average cost pricing
Full-range pricing
Inter-temporal pricing
Limit pricing
Loss leader
Mark-up pricing
Multiple product pricing
Peak-load pricing
Market structure and pricing
Predatory pricing
Transfer pricing
Price discrimination (PD)
First-degree PD
Second-degree PD
Third-degree PD
Price mechanism
Price leadership
Barometric firm
Dominant firm
Prisoners' dilemma
Product differentiation
Product life cycle
Product strategy
Profit maximisation
Property rights
Prudential control
A quantitative theory of money
Recession
Risk
Risk premium
Rational decision making
Rational expectations
Real business cycle theory
Real-wage unemployment
Recession
Recessionary gap
Regional unemployment
Replacement costs
Repos
Reverse Repos
Research and development (R&D)
Reserve capacity
Restrictive practices policy
Returns to scale
Surplus value
Scarcity
Seasonal unemployment
Secondary marketing
Securitization
Shadow pricing
Short-run
Speculation
Speculators
Shut-down point
Short selling
Spot price
Shadow markets
Sub-prime debt
Subsidies
Substitution effect
Sunk costs
Social efficiency
Social optimum
Supernormal profit
Special Purpose Vehicles (SPVs)
Specific tax
Strategic alliance
Strategic trade theory
Structural unemployment
The law of demand
Taxation
Taylor rule
Technical efficiency
Technological unemployment
Technology policy
Total utility and marginal utility
Tacit collusion
Takeover bid
Takeover
Terms of trade index
Tie-in sales
Time dimension of market adjustment
Time periods for production
Tit-for-tat games
The principle of diminishing marginal utility
The water-diamond paradox
Tapered vertical integration
Tariff
Total cost
Total revenue
Trade unions
Transfer payment
Treasury bills
The budget line
The optimum consumption of point
Unemployment
Uncertainty
Utility
Valuation ratio
Velocity of circulation
Vertical integration
Vertical restraints
Variable cost
Withdrawals from the circular flow
World Trade Organization (WTO)