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  • Kalpesh Agrawal
    • Apr 28

CB2 Topics

List of CB2 Topics.

Economics is divided into two main branches:

  1. macroeconomics

  2. 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)




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