Dictionary of financial, economic, and business terms. Complete economics dictionary to earn in tax revenues over the financial year. The specification or syllabus this course has been designed to give you a full and thorough preparation. Essential as economics glossary sukromne gymnazium. As micro key term glossary 2015 edition economics tutor2u. By using this lesson plan, teachers can explain the purpose of a mail merge in microsoft word. During the a level economics course, youll study large economies, determine the factors that result in success or failure, and discuss the role of government intervention. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. A level economics key term glossary economics tutor2u. Labor represents human resources, like manual work. Financial economics basic terminology financial engineering investment bankers do. The glossary also includes broader economic concepts relevant to. The longrun propensity in a distributed lag model with the dependent and independent variables in logarithmic form. Key economic terms for economics as and a level edexcel.
Economics is the basis of our daily lives, even if we do not always realise it. Whether it is an explanation of how firms work, or people vote, or customers buy, or governments subsidise, economists have examined evidence and produced theories which can be checked against practice. Aqa economics unit 1 and 2 full definitions flashcards. Summary notes and past papers for aqa, edexcel, ocr, cie and wjec economics alevels. A wikibookian suggests that this book or chapter be merged into principles of economics.
This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. Who glossary of terms used in the health for all series. The page below contains most of the key terms from an introductory economics course. This glossary of industrial organisation economics and competition law has been. Key term glossary for as micro tutor2u ability to pay where taxes should be set according to how well a person can afford to pay ad valorem tax an indirect tax based on a percentage of the sales price of a good or service adam smith one of the founding fathers of modern economics. Business structure, organisation and control term concise definition sole trader a business owned and operated by one person, has unlimited liabil ity. Markets and business behaviour 2 section b 3 question 6a 3 question 6b 5 question 6c 7 question 6d 10 question 6e 12 section c 14 question 7 14 question 8 17 3. Economics a level introduction 1 economics a level introduction welcome to your a level economics course. Cash flow forecast an estimate of future cash inflows and outflows of a business, profit and loss account account showing how the net profit of a business and the retained profit of a company are calculated. Definitions list economics online economics online. An actual budget deficit occurs if actual public spending exceeds actual tax revenues.
Thus, each level of rights can correspond to subregimes, which in turn. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. Business studies glossary sir thomas boughey high school. The glossary also includes broader economic concepts relevant to health economics and the economics of development, where these are particularly pertinent. Ja economics vocabulary high school 401 k plan a forprofit companys retirement plan that allows an employee to save up to a certain amount of income per year and avoid paying taxes on the income until withdrawal. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. The ratio of the change in the equilibrium level of output with respect to a change in some other exogenous variable. Automatic stabilisers under certain spending and tax rules, expenditures that automatically increase or taxes that automatically. Glossary of international economics um personal world wide web. In the study of macroeconomies youll learn how countries manage their. Capacitybuilding efforts to develop human skills or infrastructures within a community or organisation. Poverty defined with respect to an absolute material standard of living. Nov 30, 2019 in a business class a few weeks ago, we were studying the benefits of mergers as a way for economic growth and change within an industry. Complete economics dictionary complete economics dictionary.
Economics as level notes economics definition the study of how to allocate scarce resources in the most effective way economic problem definition how to allocate scarce resources among alternative uses household definition a group of people whose spending decisions are connected. It gave birth to the definition of economics as the science of studying human. In a conglomerate merger, two firms in different industries merge. Individual and market supply curves factors influencing market supply movements along and shifts of supply curves equilibrium price and quantity. Key terms flashcards at proprofs key terms for aqa as level microeconomics unit 1. In simple terms, aggregate supply represents the ability of an economy to produce goods and services either in the shortterm or in the longterm.
A level economics year 2 business economics page 33 procurement collusion where companies illegally bid for large contracts by rigging bids to decide which one of them gets the contract in advance. Primarily, the government introduces a price ceiling in an attempt to level the playing field. In simple terms, aggregate supply represents the ability of an economy to. A level in economics i contents introducing a level economics from september 2015 ii teaching and learning resources iii professional development iv 1 why choose an ocr a level in economics. Consumer price index cpi a statistical measure of the average level of prices in the uk. Break even point the level of sales at which total costs equal total revenue. Partnership a group or association of between 2 and 20 people who agree to own and run a business together. I have split the key terms into year 1 and year 2 so they can be easily photocopied for. Lean in and 8 other bad business buzzwords that should be phased out. Mar 27, 2014 key term glossary for economics unit 1 micro 1. Economics a level notes free zimsec revision notes and past. The ability of a party whether an individual, firm, or country to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. European centre for international political economy european.
Subscribe to email updates from the tutor2u economics join s of fellow economics teachers and students all getting the tutor2u economics teams latest resources and support delivered fresh in their inbox every morning. To read a definition scroll your cursor over a term or click on the term. Please discuss whether or not this merge should happen on the discussion page. The specification or syllabus this course has been designed to give you a full and thorough preparation for the as level or. It is hoped that the glossary will become a practical aid for policymakers and others engaged in reform of health services. Glossary of important business, economic, and financial history terms by robert e.
Aggregate supply aggregate supply as measures the volume of goods and services produced within the economy at a given price level. Aggregate monetary resources broad money without time deposits of post office savings organisation m3. Glossary of economic terms administrative regulations. This introduction should provide you with all the information you need to make a successful start to your studies. The government also uses this crosselasticity to determine whether firms that propose a merger would be violating. In a business class a few weeks ago, we were studying the benefits of mergers as a way for economic growth and change within an industry. A list of economics definitions in a simple format, which link to more detailed content. The world of economics 8 microeconomics and macroeconomics, 8 positive and normative economics, 8 why study economics. For example, aol and timewarner merger hoped to gain benefit from both the new internet industry and an old media firm. A level economics year 1 as microeconomics page 4 capacity utilisation the extent to which a business is making full use of existing factor resources. The second is to guarantee a minimum level of farm prices by buying up surplus. Alevel economics wikibooks, open books for an open world.
Here the benefit could be sharing knowledge which might be applicable to the different industry. Glossary adam smith 1723 1790 regarded as the father of modern economics. In the workplace, this could include workers councils. Download the as economics micro key term glossary pdf subscribe to email updates from tutor2u economics join s of fellow economics teachers and students all getting the tutor2u economics teams latest resources and support delivered fresh in their inbox every morning. The study of economics at the macro or largescale level. Order the a level economics key term glossary booklet here. The holder of a zerocoupon bond receives a single payment at the. However, i appreciated what you said about mergers also being a way for monopolies to be regulated if the government sufficiently regulates pricing. Students will be able to identify steps in the process and complete an activity to create a mail merge.
Adjusted net savings the true rate of savings in an economy after taking. Budget surplus this financial situation occurs if a government plans to spend more than it forecasts to earn in tax revenues over the financial year. Business cycle shortrun fluctuations in output and employment demand shock a shock that affects aggregate demand expansion period, in which real gdp grows favorable supply shock reduces costs and prices natural level of output it is the level of output at which the economys resources. Gdp through changing government spending and taxation levels, whilst. A complete list of all the key economic terms specially tailored for the edexcel specification 2015. Apr 08, 2015 the best economics o level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. The conference board of canadas dictionary of financial, economic, and. According to sterman 2000, natural and human systems combine several. Thus, each level of rights can correspond to sub regimes, which in turn. A public financial institution, usually established at the national level and controlled by a national government, which sets shortterm interest rates. This glossary is the product of collaborative efforts between environmental activists and ecological.
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