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Economics - The A to Z List
<Back to Last Page> Economics at About.com

Economics - From A to Z:

Instructions: Use this list just as you would the index in the back of a book. If you click on one of the letters such as "B" or "F", you will be taken to a list of definitions of words that begin with that letter. There are currently over 400 words in the Economic Glossary. The links beside each bullet point will take you to a resource on that topic. So "Money, Value of" will take you to an article detailing where money gets its value.

If you have any comments or questions, please contact me by using the feedback form.

# - Definitions of terms starting with a number, such as "2SLS" and "3SLS".

A - Definitions of terms starting with the letter A, such as "Akaike's Information Criterion" and "Average Total Cost"
  • Advertisements - Here I examine the idea of giving away free food and using advertising to turn a profit. Does it make economic sense or would this gimmick fail?
  • Agricultural and Resource Economics - Information, articles, and organizations dealing with agricultural economics and natural resources. These include both governmental resources and information provided by private individuals and groups.
  • Arbitrage - Here I answer the questions: "What is arbitrage? What markets do arbitrageurs usually trade on?"
  • Arc Elasticity - Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity.
  • Austrian Economics - Resources for those interested in classic liberalism and the Austrian school of economic thought. Learn about the works of Hayek, von Mises and Menger.
  • Average Fixed Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Average Total Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Average Variable Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
B - Definitions of terms starting with the letter B, such as "Basis Point" and "Box-Cox Transformation"
  • Banks and Banking - "Banking in India - Banking on Retail" looks at the state of the banking industry in India.
  • Barbarism - A review of "The Economics of Barbarism - Hitler's New Economic Order in Europe".
  • Barro, Robert - Looks at why Robert Barro was a contender for the Nobel Prize in Economics in 2003.
  • Base Exchange Rates - "Exchange Rates - What to Use as the Base?" is for beginners who would like to know how to read exchange rate charts.
  • Baseball Economics - With the "big market" vs. "small market" issue not willing to die, baseball economics is a hotly debated issue. Get all the facts and figures you need to win a bar argument on baseball economics here.
  • Baseball Players, Opportunity Cost - "Baseball Players and Opportunity Costs" uses the microeconomic concept of opportunity cost to look at the personnel moves Major League Baseball's Toronto Blue Jays have made during the winter.
  • Baseball Players, Opportunity Cost - "A Season Later: Baseball Players and Opportunity Costs" is the sequel to "Baseball Players and Opportunity Costs". The article looks back at the decisions the Blue Jays made before the 2003 season and to see if their understanding of microeconomic concepts paid off.
  • Baseball Players, Winner's Curse - "The Winner's Curse - Baseball Players and Oil Wells" introduces a concept in game theory known as "The Winner's Curse", to explain why many free agent baseball players perform under expectations after they are signed.
  • Baseball Stadiums - "Leaky Stadiums" discusses the issue of government subsidies of sports stadiums. This indepth article shows why stadiums are often a poor investment for the government who gives the funding.
  • Baumol, William - Looks at why William Baumol was a contender for the Nobel Prize in Economics in 2003.
  • Biographies of Economists - Here are resources if you'd like a biography of a particular economist. We've got biographies of economists from nobel prize winners to intelligent economists you might not have heard of.
  • Biography of Joan Robinson - "Economist Biography - Joan Robinson" examines the life of Joan Robinson, a famous Cambridge economist.
  • Bonds - "The Dividend Tax Cut and Interest Rates" looks at the impact the dividend tax cut will have on the bond market.
  • Book Review - The Economics of Barbarism - A review of "The Economics of Barbarism - Hitler's New Economic Order in Europe".
  • Book Reviews - "Economics Book Reviews" has a number of book reviews which will help you make an informed purchase.
  • Books, Sports Economics - "Top 8 Sports Economics Books" lists 8 books I've found useful on the subject of Sports Economics.
  • Broken Window Fallacy - "Are Wars Good for the Economy?" uses the broken window fallacy to show why the war in Iraq will hurt the U.S. economy.
  • Business Cycle, The - "A Beginner's Guide to Economic Indicators" shows which economic indicators are helpful in determining if the economy is going into a boom or a bust.
  • Business Cycles - "Macroeconomic Business Cycles" has articles and links that will give you detailed information on recessions, depressions, booms, busts and what causes all aspects of the business cycle.
C - Definitions of terms starting with the letter C, such as "Coase Theorem" and "Cooperative Game"
  • Canadian Exchange Rate - A reader wants to know if the Canadian Dollar is appreciating relative to currencies other than the U.S. Dollar and where he can find information on exchange rates. This article answers his exchange rate questions.
  • Canadian Exchange Rate - "A Beginner's Guide to Exchange Rates and the Foreign Exchange Market" uses the movement of the Canadian Dollar from 1990 to 2000 as a case study.
  • Cigarette Taxation - "Five Term Paper Suggestions - Cigarette Taxes" has information on cigarette taxation. Useful if you're writing a term paper on the subject.
  • Collective Action - "The Logic of Collective Action" explains why governments enact laws which harm the economy.
  • College Students and Public Goods - "A Public Good Through the Eyes of College Freshmen" looks at amusing test answers college students give when they're completely lost.
  • College Term Papers - "Five Economics Term Paper Suggestions" gives five economics term paper topics for frustrated students complete with summaries, issues to address, and detailed lists of magazine articles, policy papers and journal articles.
  • College Term Papers, Econometrics - "Econometrics Term Paper Ideas" gives suggested topics, along with data, which will allow you to spend a lot less time on your project and simultaneously improve your grade.
  • Commodity Prices - " A Beginner's Guide to Exchange Rates and the Foreign Exchange Market - Commodity Prices" examines how exchange rates are influenced by commodity prices.
  • Constant Returns to Scale - "Increasing, Decreasing, and Constant Returns to Scale" answers the question "If I have a production function that has both labor and capital as factors, how can I tell if it is increasing returns to scale, constant returns to scale, or decreasing returns to scale?"
  • Consumption Taxation - "FairTax - Income Taxes vs. Sales Taxes" is about the new FairTax proposal under which you would never pay income taxes again. How would it work? Could it improve the performance of the economy?
  • Content Plan for 2003 - "My Plan for the Economics Site in 2003" looks at what will be in store for the site in 2003.
  • Content Plan for 2003 - "How Markets Use Information To Set Prices" explains how we can gain information from the prices of contingent contracts.
  • Contractionary Monetary Policy - "Expansionary Monetary Policy vs. Contractionary Monetary Policy" examines the role of monetary policy in the economy.
  • Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Credit Cards - "Are Credit Cards A Form Of Money?" looks at how credit cards fit into our understanding of the money supply.
  • Cross-Price of Elasticity Demand - Article gives a common-sense and easy to understand explanation of what the cross-price elasticity of demand is and how to calculate the cross-price elasticity of demand.
  • Currency - "A Beginner's Guide to Exchange Rates and the Foreign Exchange Market" contains a great deal of information on currency fluctuations.
D - Definitions of terms starting with the letter D, such as "Demand Deposits" and "Durbin-Watson Statistics"
  • Data Sources - "Data Sources for Economics Projects" is a collection of links to web pages that have downloadable data.
  • Data, Imports and Exports - "Imports and Exports Economic Data" is a dataset for econometrics project, saved in Microsoft Excel format.
  • Data, Quarterly - "Quarterly Economic Data" that will help you greatly on your econometrics project. Saved in Microsoft Excel format.
  • Decreasing Returns to Scale - "Increasing, Decreasing, and Constant Returns to Scale" answers the question "If I have a production function that has both labor and capital as factors, how can I tell if it is increasing returns to scale, constant returns to scale, or decreasing returns to scale?"
  • Deflation - The "Deflation Resource Center" has is a collection of articles and links about deflation.
  • Deflation - Deflation has been a hot topic since about 2001 and the fear of deflation does not look like it will subside anytime soon. I look at the problems caused by deflation and the steps the Fed can take to prevent it from happening to America.
  • Deflation - "Why Don't Prices Decline During A Recession?" looks at the relationship between inflation and the business cycle.
  • Demand for Money - "What is the Demand For Money?" explains what the demand for money is and why it is not infinite.
  • Demand Elasticity, Cross-Price - Article gives a common-sense and easy to understand explanation of what the cross-price elasticity of demand is and how to calculate the cross-price elasticity of demand.
  • Demand Price Elasticity - Article gives a common-sense and easy to understand explanation of what price elasticity of demand is and how to calculate the price elasticity of demand.
  • Departments - Want to find the homepage of your favorite economist? Need to know which economics deparments have economics Ph.D. programs? All the info you need is here.
  • Depressions - "Recession? Depression? What's the Difference?" explains the difference between a recession and a depression and how to determine when you're in one of them.
  • Developmental Economics - "Developmental Economics" - Research on the economies of developing countries is a hot topic in Economics due to the current debate about globalization. Learn about sustainable development and trade to less developed countries.
  • Dictionary - "The Glossary of Economics Terms" contains definitions for hundreds of economics terms.
  • Dividend Tax Cut - "The Dividend Tax Cut and Interest Rates". The dividend tax cut could cost you a fair amount of money if you want to take out a car loan or mortgage in the future.
  • Dow Jones, Value of - "What does the value of the Dow Jones represent?" demystifies the numbers on the nightly news.
E - Definitions of terms starting with the letter E, such as "Efficiency Wages" and "Excess Returns"
  • Econometrics Project - "How to Do a Painless Econometrics Project" shows students how to complete an econometrics project without spending many sleepless nights trying to get it done.
  • Econometrics Project - Imports - "Instant Econometrics Project 2 - Personal Disposable Income and Spending on Imports" is the second quick and easy econometrics term paper idea. Comes complete with a dataset.
  • Econometrics Project - Okun's Law - "Instant Econometrics Project 1 - Okun's Law" is The first quick and easy econometrics term paper idea. Comes complete with a dataset!
  • Econometrics Project, Data for - "Data Sources for Economics Projects" is a collection of links to web pages that have downloadable data.
  • Econometrics Software and Guides - A collection of econometrics software, computing guides, and computational methods. Computational methods are widely used in Industrial Organization, Labor Economics, and Macroeconomics.
  • Econometrics Term Paper - "How to Do a Painless Econometrics Project" shows students how to complete an econometrics project without spending many sleepless nights trying to get it done.
  • Econometrics Test - "How to Ace Your Econometrics Test" will help you get an A without devoting your life to studying.
  • Economic Data, Quarterly - "Quarterly Economic Data" that will help you greatly on your econometrics project. Saved in Microsoft Excel format.
  • Economic Growth and Taxes - "The Effect of Income Taxes on Economic Growth" asks the question "What does economic theory suggest about the relationship between economic growth and taxation?"
  • Economic Indicators - "A Beginner's Guide to Economic Indicators" shows which economic indicators are helpful in determining if the economy is going into a boom or a bust.
  • Economic Philosophies - There are many different schools of thought in Macroeconomics. Learn about Austrian Macroeconomics, Marxist Macroeconomics, Neo-Classical Macroeconomics, Keynesian Macroeconomics and Open Economy Macroeconomics.
  • Economic Issues - "Economic Issues of Interest" make topics for great economics term papers. They also may help you when studying for a test, or you may just want to learn more about the issue.
  • Economic Law - Legal disputes are quite common in economics, as there is often disputes dealing with property rights or how to interpret a clause in a contract. This section contains links to economic law, legal precedents and arbitration results.
  • Economics Departments - Want to find the homepage of your favorite economist? Need to know which economics deparments have economics Ph.D. programs? All the info you need is here.
  • Economics Nobel Prize, History of - "The Nobel Prize in Economics" gives a history of the Nobel Prize in Economics.
  • Economics Nobel Prize Winners - The homepages of former winners of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
  • Economics Research - "Economic Research Organizations" - Economic research is not limited to governmental organization. Many universities and colleges have economic research institutes, as do corporations and advocacy groups.
  • Economic Scale - "Increasing, Decreasing, and Constant Returns to Scale" answers the question "If I have a production function that has both labor and capital as factors, how can I tell if it is increasing returns to scale, constant returns to scale, or decreasing returns to scale?"
  • Economics Students, Resources For - "Resources for Economics Students" should help you get an A in economics. We've got economics term paper help, economics test aids, practice quizzes in economics, and data sources for your economics or econometrics project.
  • Economics Term Paper Help - "Economics Term Paper Help" has suitable topics for economics papers, advice on how to get the best grade possible and even sample term papers you can get ideas from!
  • Economics Test Aids - "Economics Test Aids" is a list of sites that will help you perform better on your economics test, GRE, and GRE Economics test.
  • Economics of Warfare - "Will the War be Good for the Economy?" debunks the myth that there will be an economic benefit to the war in Iraq.
  • Economists - Looking for the homepage of a particular Economist? Want to know where your old college professor is now teaching? These links will help you find the person or Economics Department you're looking for.
  • Economists, Biographies of - Here are resources if you'd like a biography of a particular economist. We've got biographies of economists from nobel prize winners to intelligent economists you might not have heard of.
  • Economy - "Are Wars Good for the Economy?" looks at the impact of the War in Iraq on the U.S. economy.
  • Education - "The Effect of Income Taxes on Economic Growth - Government Spending on Social Programs" looks at the impact to the economy when income taxes are used to fund social programs.
  • Elasticity - "A Beginner's Guide to Elasticity" explains how to understand elasticity and how to calculate various elasticity measures.
  • Elasticity, Arc - Article gives a common-sense and easy to understand explanation of what arc elasticity is and how to calculate arc elasticity.
  • Elasticity, Cross-Price of Demand - Article gives a common-sense and easy to understand explanation of what the cross-price elasticity of demand is and how to calculate the cross-price elasticity of demand.
  • Elasticity, Income - Article gives a common-sense and easy to understand explanation of what income elasticity of demand is and how to calculate the income elasticity of demand.
  • Elasticity, Demand Price - Article gives a common-sense and easy to understand explanation of what price elasticity of demand is and how to calculate the price elasticity of demand.
  • Elasticity, Price Supply - Article gives a common-sense and easy to understand explanation of what price elasticity of supply is and how to calculate the price elasticity of supply.
  • Environment and Environmental Standards - "Does Freer Trade Mean Lower Environmental Standards?" looks at environmental issues, globalization, and free trade.
  • Essay Suggestions - "Five Economics Term Paper Suggestions" gives five economics term paper topics for frustrated students complete with summaries, issues to address, and detailed lists of magazine articles, policy papers and journal articles.
  • Essay Suggestions, Econometrics - "Econometrics Term Paper Ideas" gives suggested topics, along with data, which will allow you to spend a lot less time on your project and simultaneously improve your grade.
  • Exchange Rates, Canadian - A reader wants to know if the Canadian Dollar is appreciating relative to currencies other than the U.S. Dollar and where he can find information on exchange rates. This article answers his exchange rate questions.
  • Exchange Rates - "A Beginner's Guide to Exchange Rates and the Foreign Exchange Market" is everything you ever wanted to know about exchange rates but were always afraid to ask.
  • Exchange Rates - "How Markets Use Information To Set Prices - Not Just Contingent Contracts" shows how today's exchange rates are impacted by the beliefs of what will happen tommorow.
  • Exchange Rates - "What is Arbitrage?" looks at how arbitrage takes place on foreign exchange markets.
  • Exchange Rates, Base - "Exchange Rates - What to Use as the Base?" is for beginners who would like to know how to read exchange rate charts.
  • Expansionary Monetary Policy - "Expansionary Monetary Policy vs. Contractionary Monetary Policy" examines the role of monetary policy in the economy.
  • Exports Data - "Imports and Exports Economic Data" is a dataset for econometrics project, saved in Microsoft Excel format.
F - Definitions of terms starting with the letter F, such as "Folk Theorem" and "Free Reserves"
  • FairTax - "FairTax - Income Taxes vs. Sales Taxes" is about the new FairTax proposal under which you would never pay income taxes again. How would it work? Could it improve the performance of the economy?
  • FairTax Resources - A collection of all the pieces I've published on FairTax, starting with my FairTax - Income Taxes vs. Sales Taxes article.
  • FairTax Advocates - Even more reader responses to my FairTax - Income Taxes vs. Sales Taxes article.
  • FairTax Advocates 2 - Even more reader responses to my FairTax - Income Taxes vs. Sales Taxes article.
  • FairTax Feedback - Here I respond to user e-mails on my FairTax - Income Taxes vs. Sales Taxes article.
  • FairTax Redux - I have a lengthy conversation with a reader on my FairTax - Income Taxes vs. Sales Taxes article.
  • FairTax - The Advocates Strike Back - In the interest of fairness, I gave the chance for FairTax advocate Al Ose to explain why FairTax would be good for America.
  • Fair Vote - "It’s Time for Fair Voting in Canada" is a look at Fair Vote Canada, a group dedicated to bringing proportional representation to the Canadian Parliament.
  • Fama, Eugene - Looks at why Eugene Fama was a contender for the Nobel Prize in Economics in 2003.
  • Federal Reserve System - Information on the U.S. Federal Reserve System's four functions. Details on the structure of the Federal Reserve System and the twelve regional reserve banks is included.
  • File Sharing - "Property Rights, File Sharing and MP3s" has articles and websites dealing with the development of MP3 and file sharing technology and the economic impact it may or may not be having on the recording industry.
  • Financial Economics - "Financial Economics and Investment Info" has resources on stocks, bonds, options, annuities, derivatives and other financial instruments. Sites include everything from data to definitions.
  • Financial Economics and the Stock Market - "The Stock Market and Financial Economics" - Learn about how the stock market works and it's relationship to the economy.
  • First-Past-The-Post - "Proportional Representation vs. First-Past-The-Post" is an examination of the advatanges of using a Proportional Representation (PR) voting system over the first-past-the-post method used in countries such as the United States and Canada.
  • Fixed Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Foreign Exchange Market - "A Beginner's Guide to Exchange Rates and the Foreign Exchange Market" is everything you ever wanted to know about exchange rates but were always afraid to ask.
  • Free Agents - "The Winner's Curse - Baseball Players and Oil Wells" introduces a concept in game theory known as "The Winner's Curse", to explain why many free agent baseball players perform under expectations after they are signed.
  • Free Trade and Freer Trade - "Does Freer Trade Mean Lower Environmental Standards?" looks at environmental issues, globalization, and free trade.
G - Definitions of terms starting with the letter G, such as "GDP Deflator" and "Golden Rule Capital Rate"
  • Galbraith, John Kenneth - Looks at why John Kenneth Galbraith was a contender for the Nobel Prize in Economics in 2003.
  • Game Theory - Game Theory is one of the most useful tools in Economic Analysis and is very widely used. Find out more about the topic here.
  • Germany - "Germany Between the Wars - Economics Term Paper" is a term paper on the economy of Germany between World War I and World War II.
  • Glossary - "The Glossary of Economics Terms" contains definitions for hundreds of economics terms.
  • Gold Standard, The - "What Was The Gold Standard?" looks at the history of the Gold Standard and how it influenced the money supply.
  • Government Subsidies and Sports Stadiums - "Government Subsidies for Sports Stadiums" - Governments, particularly those at the state and municipal level will often give tax breaks or money in order to have a sports stadium built in a city. Such plans are highly controversial among economists, who feel that government financing of stadiums is a bad investment.
  • Government Subsidies of Sports Stadiums - "Leaky Stadiums" discusses the issue of government subsidies of sports stadiums. This indepth article shows why stadiums are often a poor investment for the government who gives the funding.
  • Graduate Departments - Want to find the homepage of your favorite economist? Need to know which economics deparments have economics Ph.D. programs? All the info you need is here.
  • Graduate School - "Books to Study Before Going to Graduate School in Economics" gives a prospective economics Ph.D. student advice about what he should know before entering a Ph.D. program.
  • Graduate School - "More Books to Study Before Going to Graduate School in Economics" gives a prospective economics Ph.D. student advice about what he should know before entering a Ph.D. program.
  • GRE and GRE Economics - "Test aids for the GRE and GRE Economics" - Interested in doing graduate work in Economics? Then you'll have to write and do well on the GRE general test, and possibly the GRE Economics Test as well. These links will help you ace your tests and get into the school of your choice.
H - Definitions of terms starting with the letter H, such as "Hold-Up Problem" and "Human Capital"
  • Healthcare - "The Effect of Income Taxes on Economic Growth - Government Spending on Social Programs" looks at the impact to the economy when income taxes are used to fund social programs.
  • Healthcare Economics - The economics of providing health care. Reports, journal articles, research and statistics are available. This is a field of public policy which is growing in importance due to the concern over bioterrorism attacks.
  • Hitler and Economics - A review of "The Economics of Barbarism - Hitler's New Economic Order in Europe".
  • Hotel Taxes - "Leaky Stadiums" looks at the government funding of sports stadiums using hotel taxes.
I - Definitions of terms starting with the letter I, such as "Illiquid Assets" and "Inflation"
  • Imports Data - "Imports and Exports Economic Data" is a dataset for econometrics project, saved in Microsoft Excel format.
  • Imports, Spending on - "Instant Econometrics Project 2 - Personal Disposable Income and Spending on Imports" is the second quick and easy econometrics term paper idea. Comes complete with a dataset.
  • Income Elasticity - Article gives a common-sense and easy to understand explanation of what income elasticity of demand is and how to calculate the income elasticity of demand.
  • Income Taxation - "FairTax - Income Taxes vs. Sales Taxes" is about the new FairTax proposal under which you would never pay income taxes again. How would it work? Could it improve the performance of the economy?
  • Income Taxation and Economic Growth - "The Effect of Income Taxes on Economic Growth" asks the question "What does economic theory suggest about the relationship between economic growth and taxation?"
  • Increasing Returns to Scale - "Increasing, Decreasing, and Constant Returns to Scale" answers the question "If I have a production function that has both labor and capital as factors, how can I tell if it is increasing returns to scale, constant returns to scale, or decreasing returns to scale?"
  • India - "Banking in India - Banking on Retail" looks at the state of the banking industry in India.
  • Inflation - Inflation: "Having a little inflation is like being a little pregnant--inflation feeds on itself and quickly passes the "little" mark." - Dian Cohen
  • Inflation - "What is deflation and how can it be prevented?" looks at inflation and deflation.
  • Inflation - "Why Not Just Print More Money?" answers the question: "Can you help me find a "simple" way to explain why it is not a good idea to just print more money."
  • Insider Trading - Guest economics writer Hannah Rasmussen examines the current Martha Stewart Insider Trading scandal.
  • Intellectual Property - "Stop Piracy with Edification" is a proposal to teach intellectual property rights and laws to students.
  • Interest Rates - "The Dividend Tax Cut and Interest Rates". The dividend tax cut could cost you a fair amount of money if you want to take out a car loan or mortgage in the future.
  • Interest Rates and Macroeconomics - "Interest Rates and Macroeconomics" - Want to know what determines the interest rate on your saving bond, mortgage or car loan?
  • Investment Info - "Financial Economics and Investment Info" has resources on stocks, bonds, options, annuities, derivatives and other financial instruments. Sites include everything from data to definitions.
  • Iraqi War and the Economy - "Will the War be Good for the Economy?" debunks the myth that there will be an economic benefit to the war in Iraq.
  • Issues - "Economic Issues of Interest" make topics for great economics term papers. They also may help you when studying for a test, or you may just want to learn more about the issue.
J - Definitions of terms starting with the letter J, such as "J Statistic" and "Jensen's Inequality"
K - Definitions of terms starting with the letter K, such as "Keynes Effect" and "Kurtosis"
  • Keynesian Economics - Information and links on Keynesian economics.
  • Kyoto Protocol - "Five Term Paper Suggestions - Kyoto Protocol" has information on the Kyoto Protocol and the economic impact it will have. Useful if you're writing a term paper on the subject.
L - Definitions of terms starting with the letter L, such as "Liquidity" and "Lump-Sum Tax"
  • Legal Issues - Legal disputes are quite common in economics, as there is often disputes dealing with property rights or how to interpret a clause in a contract. This section contains links to economic law, legal precedents and arbitration results.
  • Loans - "The Dividend Tax Cut and Interest Rates" looks at why the dividend tax cut may increase the price of loans.
  • Local Economy - "Leaky Stadiums" looks at the government funding of sports stadiums and the impact it has on the local economy.
  • Logic of Collective Action, The - Mancur Olson's 1965 masterpiece "The Logic of Collective Action" to shows why special interest groups have so much pull in Washington and why congress passes so many laws which hurt the economy.
  • Long Run, The - "Short Run vs. Long Run - How Long is the Long Run Anyway?" looks at the difference between the short run and the long run.
  • Lower Environmental Standards - "Does Freer Trade Mean Lower Environmental Standards?" looks at environmental issues, globalization, and free trade.
M - Definitions of terms starting with the letter M, such as "Marginal Cost" and "Maturity Date"
  • Macroeconomics - "Macroeconomics Student Resource Center" helps students having trouble with Macroeconomics. Microeconomics tips and tricks are available.
  • Macroeconomic Analysis and Research - "Macroeconomic Analysis and Research" has links will help you find the macroeconomic analysis and research that you're looking for. Most western governments have agencies designed to study the macroeconomy of their country and that research policy ideas to help their macroeconomy grow.
  • Macroeconomic Business Cycles - "Macroeconomic Business Cycles" has articles and links that will give you detailed information on recessions, depressions, booms, busts and what causes all aspects of the business cycle.
  • Macroeconomic Resources - "Macroeconomic Resources" has links to publications, information, Macro societies and Macroeconomic news.
  • Macroeconomic Schools of Thought - There are many different schools of thought in Macroeconomics. Learn about Austrian Macroeconomics, Marxist Macroeconomics, Neo-Classical Macroeconomics, Keynesian Macroeconomics and Open Economy Macroeconomics.
  • Macroeconomics Tips and Tricks - "Macroeconomics Tips and Tricks" has Macroeconomic lessons, tips, quizzes, and resources that will help you ace your Macro course!
  • Mancur Olson - Mancur Olson's 1965 masterpiece "The Logic of Collective Action" to shows why special interest groups have so much pull in Washington and why congress passes so many laws which hurt the economy.
  • Marginal Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Martha Stewart - Guest economics writer Hannah Rasmussen examines the current Martha Stewart Insider Trading scandal.
  • Marxism and Marxist Economics - "Marxism and Marxist Economics" is a collection of resources on Marxist economics.
  • Mathematics in Economics - "Books to Study Before Going to Graduate School in Economics - Mathematics" gives a list of books that will help you understand mathematical economics better.
  • Microeconomics - "Microeconomics Student Resource Center" helps students having trouble with Microeconomics. Microeconomics tips and tricks are available.
  • Microeconomics Books - "Books to Study Before Going to Graduate School in Economics - Microeconomics" gives a list of books that will help you understand microeconomics better.
  • Microeconomics Resources - "Microeconomics Resources" has Microeconomic has information and links on microeconomic topics.
  • Microeconomics Tips and Tricks - "Microeconomics Tips and Tricks" has Microeconomic lessons, tips, quizzes, and resources that will help you ace your Micro course!
  • Money - The "Money Resource Center" has is a collection of articles and links about money.
  • Monetary Policy - "Expansionary Monetary Policy vs. Contractionary Monetary Policy" examines the role of monetary policy in the economy.
  • Money and Credit Cards - "Are Credit Cards A Form Of Money?" looks at how credit cards fit into our understanding of the money supply.
  • Money and Stock Prices - "When Stock Prices Go Down, Where Does the Money Go?" looks answers the question: This has always baffled me: When stocks take a beating, where does the lost money go?
  • Money and Monetary Economics - "Certainly there are things in life that money can't buy, but it's very funny -- Did you ever try buying them without money?" -- Ogden Nash
  • Money Demand - "What is the Demand For Money?" explains what the demand for money is and why it is not infinite.
  • Money, Printing of - "Why Not Just Print More Money?" answers the question: "Can you help me find a "simple" way to explain why it is not a good idea to just print more money."
  • Money Supply - Deflation has been a hot topic since about 2001 and the fear of deflation does not look like it will subside anytime soon. I look at the problems caused by deflation and the steps the Fed can take to prevent it from happening to America. Article looks at the role of the money supply in determining the inflation rate.
  • Money Supply - "If all the money in the US was divided up evenly and given to every American over 21 or so, how much would each person get?" Well, it depends what you mean by "money"...
  • Money, Value of - "Why does money have value?" answers this rather esoteric question.
  • Money Supply and the Gold Standard - "What Was The Gold Standard?" looks at the history of the Gold Standard and how it influenced the money supply.
  • MP3s - "Property Rights, File Sharing and MP3s" has articles and websites dealing with the development of MP3 and file sharing technology and the economic impact it may or may not be having on the recording industry.
N - Definitions of terms starting with the letter N, such as "National Debt" and "Natural Monopoly"
  • Natural Resources - Information, articles, and organizations dealing with agricultural economics and natural resources. These include both governmental resources and information provided by private individuals and groups.
  • Nazi Economics - A review of "The Economics of Barbarism - Hitler's New Economic Order in Europe".
  • Neoclassical Economics - Information and links on Neoclassical Macroeconomics.
  • Nobel Prize in Economics, History of - "The Nobel Prize in Economics" gives a history of the Nobel Prize in Economics.
  • Nobel Prize Predictions - 'Who Will Win the 2003 Nobel Prize in Economics?" gives opinions about the six major candidates to win the Nobel Prize in Economics in 2003.
  • Nobel Prize Winners in Economics - The homepages of former winners of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
  • Nominal - "What's the Difference Between Nominal and Real?" looks at the difference between these two terms.
O - Definitions of terms starting with the letter O, such as "Oligopoly" and "Option"
  • Oil Supply - "We Will Never Run Out of Oil" shows why the doomsday scenarios are flawed.
  • Oil Supply Feedback - Here I respond to user e-mails on my We Will Never Run Out of Oil article.
  • Oil Wells - "The Winner's Curse - Baseball Players and Oil Wells" introduces a concept in game theory known as "The Winner's Curse", to explain why many free agent baseball players perform under expectations after they are signed.
  • Okun's Law - "Instant Econometrics Project 1 - Okun's Law" is The first quick and easy econometrics term paper idea. Comes complete with a dataset!
  • Olson, Mancur - Mancur Olson's 1965 masterpiece "The Logic of Collective Action" to shows why special interest groups have so much pull in Washington and why congress passes so many laws which hurt the economy.
  • Open Economy Macroeconomics - Information and links on Open Economy Macroeconomics.
  • Opportunity Cost - "Baseball Players and Opportunity Costs" usess the microeconomic concept of opportunity cost to look at the personnel moves Major League Baseball's Toronto Blue Jays have made during the winter.
  • Opportunity Cost - "A Season Later: Baseball Players and Opportunity Costs" is the sequel to "Baseball Players and Opportunity Costs". The article looks back at the decisions the Blue Jays made before the 2003 season and to see if their understanding of microeconomic concepts paid off.
P - Definitions of terms starting with the letter P, such as "Predatory Pricing" and "Prime Rate"
  • Personal Disposable Income - "Instant Econometrics Project 2 - Personal Disposable Income and Spending on Imports" is the second quick and easy econometrics term paper idea. Comes complete with a dataset.
  • PhD Programs - Want to find the homepage of your favorite economist? Need to know which economics deparments have economics Ph.D. programs? All the info you need is here.
  • Piracy - "Stop Piracy with Edification" is a proposal to teach intellectual property rights and laws to students.
  • Prescott, Edward - Looks at why Ed Prescott was a contender for the Nobel Prize in Economics in 2003.
  • Price Elasticity of Demand - Article gives a common-sense and easy to understand explanation of what price elasticity of demand is and how to calculate the price elasticity of demand.
  • Price Elasticity of Supply - Article gives a common-sense and easy to understand explanation of what price elasticity of supply is and how to calculate the price elasticity of supply.
  • Price/Earnings Ratio - "Interpreting the Price/Earnings Ratio" explains why the Price/Earnings ratio (P/E ratio) can often predict future price changes of stocks.
  • Prices - "How Markets Use Information To Set Prices" looks at how the price of goods and services are set in a free market economy.
  • Prices - "A Beginner's Guide to Economic Indicators" shows which economic indicators, such as prices, are helpful in determining if the economy is going into a boom or a bust.
  • Prices and Recessions - "Why Don't Prices Decline During A Recession?" looks at the relationship between inflation and the business cycle.
  • Printing of Money - "Why Not Just Print More Money?" answers the question: "Can you help me find a "simple" way to explain why it is not a good idea to just print more money."
  • Property Rights - "Property Rights, File Sharing and MP3s" has articles and websites dealing with the development of MP3 and file sharing technology and the economic impact it may or may not be having on the recording industry.
  • Proportional Representation - "It’s Time for Fair Voting in Canada" is a look at Fair Vote Canada, a group dedicated to bringing proportional representation to the Canadian Parliament.
  • Proportional Representation - "Proportional Representation vs. First-Past-The-Post" is an examination of the advatanges of using a Proportional Representation (PR) voting system over the first-past-the-post method used in countries such as the United States and Canada.
  • Public Goods and College Freshmen - "A Public Good Through the Eyes of College Freshmen" looks at amusing test answers college students give when they're completely lost.
Q - Definitions of terms starting with the letter Q (coming soon)
  • Quarterly Economic Data - "Quarterly Economic Data" that will help you greatly on your econometrics project. Saved in Microsoft Excel format.
R - Definitions of terms starting with the letter R, such as "Recession" and "Regressive Tax"
  • Real - "What's the Difference Between Nominal and Real?" looks at the difference between these two terms.
  • Real Analysis - "Books to Study Before Going to Graduate School in Economics - Mathematics" gives a list of books that will help you understand mathematical economics and real analysis better.
  • Recessions - "Recession? Depression? What's the Difference?" explains the difference between a recession and a depression and how to determine when you're in one of them.
  • Recessions and Prices - "Why Don't Prices Decline During A Recession?" looks at the relationship between inflation and the business cycle.
  • Recessions and The Stock Market - "Do changes in stock prices cause recessions?" looks at the relationship between the stock market and the economy.
  • Recessions, Relationship to the Economy - "Are Recessions Good for the Economy?" looks at firm closure rates which indicate that recessions are not the neccessities in capitalist societies that many argue they are.
  • Research Organizations - "Economic Research Organizations" - Economic research is not limited to governmental organization. Many universities and colleges have economic research institutes, as do corporations and advocacy groups.
  • Resources for Economics Students - "Resources for Economics Students" should help you get an A in economics. We've got economics term paper help, economics test aids, practice quizzes in economics, and data sources for your economics or econometrics project.
  • Robinson, Joan - A Biography - "Economist Biography - Joan Robinson" examines the life of Joan Robinson, a famous Cambridge economist.
  • Running out of Oil - "We Will Never Run Out of Oil" shows why the doomsday scenarios are flawed.
S - Definitions of terms starting with the letter S, such as "Spot Market" and "Sunk Cost"
  • Sales Taxes - "FairTax - Income Taxes vs. Sales Taxes" is about the new FairTax proposal under which you would never pay income taxes again. How would it work? Could it improve the performance of the economy?
  • Short Run, The - "Short Run vs. Long Run - How Long is the Long Run Anyway?" looks at the difference between the short run and the long run.
  • Software - A collection of econometrics software, computing guides, and computational methods. Computational methods are widely used in Industrial Organization, Labor Economics, and Macroeconomics.
  • Softwood Lumber Dispute, The - "The Softwood Lumber Dispute" is a look at the ongoing softwood lumber dispute between Canada and the United States.
  • Softwood Lumber Dispute Resources - "Softwood Lumber Dispute Resource Center" has a list of resources on the softwood lumber dispute.
  • Softwood Lumber Dispute and Tariffs - "The Economic Effect of Tariffs" looks at the economic impact of tariffs such as the tariff put on Canadian softwood lumber.
  • Special Interest Groups - Mancur Olson's 1965 masterpiece "The Logic of Collective Action" to shows why special interest groups have so much pull in Washington and why congress passes so many laws which hurt the economy.
  • Sports Economics Books - "Top 8 Sports Economics Books" lists 8 books I've found useful on the subject of Sports Economics.
  • Sports Economics Resources - With rising athlete salaries and leagues putting caps on how much teams can spend, sports economics has become a hot topic. The costs and benefits to cities and states building arenas is another widely contested issue.
  • Sports Stadiums and Government Subsidies - "Government Subsidies for Sports Stadiums" - Governments, particularly those at the state and municipal level will often give tax breaks or money in order to have a sports stadium built in a city. Such plans are highly controversial among economists, who feel that government financing of stadiums is a bad investment.
  • Stadiums - "Leaky Stadiums" discusses the issue of government subsidies of sports stadiums. This indepth article shows why stadiums are often a poor investment for the government who gives the funding.
  • Stewart, Martha - Guest economics writer Hannah Rasmussen examines the current Martha Stewart Insider Trading scandal.
  • Stock Market and Financial Economics - "The Stock Market and Financial Economics" - Learn about how the stock market works and it's relationship to the economy.
  • Stock Market, Dow Jones - "What does the value of the Dow Jones represent?" demystifies the numbers on the nightly news.
  • Stock Markets and Economic Indicators - "A Beginner's Guide to Economic Indicators" shows which economic indicators, such as the stock prices, are helpful in determining if the economy is going into a boom or a bust.
  • Stock Markets and Recessions - "Do changes in stock prices cause recessions?" looks at the relationship between the stock market and the economy.
  • Stock Prices - "Interpreting the Price/Earnings Ratio" explains why the Price/Earnings ratio (P/E ratio) can often predict future price changes of stocks.
  • Stock Prices - "When Stock Prices Go Down, Where Does the Money Go?" looks answers the question: This has always baffled me: When stocks take a beating, where does the lost money go?
  • Student Resources - "Resources for Economics Students" should help you get an A in economics. We've got economics term paper help, economics test aids, practice quizzes in economics, and data sources for your economics or econometrics project.
  • Student Resources, Graduate School - "Books to Study Before Going to Graduate School in Economics" gives a prospective economics Ph.D. student advice about what he should know before entering a Ph.D. program.
  • Submit an Article - Submit articles and other content for possible publication on the site.
  • Supply Price Elasticity - Article gives a common-sense and easy to understand explanation of what price elasticity of supply is and how to calculate the price elasticity of supply.
  • SUVs - "Five Term Paper Suggestions - SUVs" has information on the impact of sports utility vehicles (SUVs) on the environment and the economy. Useful if you're writing a term paper on the subject.
T - Definitions of terms starting with the letter T, such as "Treasury Bills"
  • Tariffs - "The Economic Effect of Tariffs" looks at the economic impact of tariffs such as the tariff put on Canadian softwood lumber.
  • Tax Policy and Macroeconomic Growth - "Tax Policy and Macroeconomic Growth" - It's been widely known that tax policies and changes in tax policy large effect the rate of growth of an economy and the distribution of wealth of a country. The relationship between the two is analyzed here.
  • Tax Reform - FairTax - "FairTax - Income Taxes vs. Sales Taxes" is about the new FairTax proposal under which you would never pay income taxes again. How would it work? Could it improve the performance of the economy?
  • Taxes and Economic Growth - "The Effect of Income Taxes on Economic Growth" asks the question "What does economic theory suggest about the relationship between economic growth and taxation?"
  • Term Paper, Econometrics - "How to Do a Painless Econometrics Project" shows students how to complete an econometrics project without spending many sleepless nights trying to get it done.
  • Term Paper Example - "Germany Between the Wars - Economics Term Paper" is a term paper on the economy of Germany between World War I and World War II.
  • Term Paper Help - "Economics Term Paper Help" has suitable topics for economics papers, advice on how to get the best grade possible and even sample term papers you can get ideas from!
  • Term Paper Suggestions - "Five Economics Term Paper Suggestions" gives five economics term paper topics for frustrated students complete with summaries, issues to address, and detailed lists of magazine articles, policy papers and journal articles.
  • Term Papers Suggestions, Econometrics - "Econometrics Term Paper Ideas" gives suggested topics, along with data, which will allow you to spend a lot less time on your project and simultaneously improve your grade.
  • Test Aids - Econometrics - "How to Ace Your Econometrics Test" will help you get an A without devoting your life to studying.
  • Test Answers and College Students - "A Public Good Through the Eyes of College Freshmen" looks at amusing test answers college students give when they're completely lost.
  • Test Aids - "Economics Test Aids" is a list of sites that will help you perform better on your economics test, GRE, and GRE Economics test.
  • Third World Economics - "Developmental Economics" - Research on the economies of developing countries is a hot topic in Economics due to the current debate about globalization. Learn about sustainable development and trade to less developed countries.
  • Total Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Total Variable Cost - "How to Understand and Calculate Cost Measures" explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.
  • Toronto Blue Jays - "Baseball Players and Opportunity Costs" usess the microeconomic concept of opportunity cost to look at the personnel moves Major League Baseball's Toronto Blue Jays have made during the winter.
  • Trade - "Does Freer Trade Mean Lower Environmental Standards?" looks at environmental issues, globalization, and free trade.
  • Tullock, Gordon - Looks at why Gordon Tullock was a contender for the Nobel Prize in Economics in 2003.
U - Definitions of terms starting with the letter U, such as "Unemployment Rate"
V - Definitions of terms starting with the letter V (coming soon)
  • Value of Money - "Why does money have value?" answers this rather esoteric question.
  • Voting - "It’s Time for Fair Voting in Canada" is a look at Fair Vote Canada, a group dedicated to bringing proportional representation to the Canadian Parliament.
  • Voting - "Proportional Representation vs. First-Past-The-Post" is an examination of the advatanges of using a Proportional Representation (PR) voting system over the first-past-the-post method used in countries such as the United States and Canada.
W - Definitions of terms starting with the letter W (coming soon)
  • War and the Economy - "Will the War be Good for the Economy?" debunks the myth that there will be an economic benefit to the war in Iraq.
  • Winner's Curse - "The Winner's Curse - Baseball Players and Oil Wells" introduces a concept in game theory known as "The Winner's Curse", to explain why many free agent baseball players perform under expectations after they are signed.
  • Working Papers - Sources for finding working papers written by mainly academic Economists. Subjects range from Urban Economics to International Trade to Econometrics.
  • World War I and World War II - "Germany Between the Wars - Economics Term Paper" is a term paper on the economy of Germany between World War I and World War II.
  • Write a Story - Submit articles and other content for possible publication on the site.
X - Definitions of terms starting with the letter X (coming soon)
Y - Definitions of terms starting with the letter Y (coming soon)
Z - Definitions of terms starting with the letter Z (coming soon)


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