Economics Resources

Macroeconomics

Microeconomics

Land

Labor

Capital

Entrepreneurship

Scarcity

Opportunity Cost

Trade-offs

Incentives

Economization

Production Possibilities Curve

Trade-offs

Efficient

Inefficient

Impossible Combination

Economic Growth

Marginal Cost

Marginal Benefit

Marginal Analysis

Economics systems

Command Economy

Mixed Economy

Traditional Economy

Circular Flow Diagram

Households/Individuals

Firms

Product Market

Factor Market

Income

Rent

Wages

Interest payments

Profit

Factor payments

Consumer spending

Revenue

Supply 

Demand

Movement along curve

Shift of curve

Complements/substitutes

Normal good

Inferior good

Price expectations

Taxes

Subsidies

Government regulation

Equilibrium price

Equilibrium quantity

Shortage

Surplus

Disequilibrium

Market Price

Market Quantity

Price ceiling

Price floor

Rent control

Minimum Wage

Marketable skills

Human capital

Productivity

Derived demand

Market structures

Monopoly

Oligopoly

Perfect competition

Monopolistic comeptition

Product differentiation

Market power

Non-price competition

Barriers to entry

Economic profit

Accounting profit

Explicit costs

Implicit costs

Normal profit

Price controls

Price elasticity of demand

Elastic demand

Inelastic demand

Unit elastic demand

Total revenue test

Substitutability

Proportion of Income

Luxury vs. Necessity

Addictive 

Time to respond to price changes

Marginal Product of Labor

Total cost

Fixed cost

Variable cost

Marginal Cost

Increasing Marginal Returns

Diminishing Marginal Returns

Total Revenue

Marginal Revenue

Profit-maximizing rule

GDP 

Consumption spending

Investment spending 

Government spending 

Imports

Exports

Real GDP

Growth Accounting

Unemployment rate

Labor force participation rate

Labor force

Frictional unemployment 

Structural unemployment

Cyclical unemployment

Seasonal unemployment

Nominal GDP

Final goods

Intermediate goods

Non-market transactions

Underground economy

Business cycle 

Expansion

Full employment

Natural rate of unemployment

Inflation rate

Demand-pull inflation

Cost-push inflation

Consumer Price Index

Deflation

Disinflation

Peak

Contraction

Trough)

Recession

Depression

Economic Growth

Labor Productivity

Hyperinflation

Production function

Aggregate demand

Aggregate supply

Aggregate demand-aggregate supply model

Federal budget

Mandatory Spending

Discretionary Spending

Government revenue

Progressive tax

Proportional tax 

Regressive tax

Budget deficit

Budget surplus

National debt

Fiscal policy

Expansionary policy

Contractionary policy

Government spending

Government transfers

Tax rates

Medium of exchange

Unit of account

Store of value

Money aggregate

M1

Near moneys

Commerical bank

Financial intermediaries

Fractional reserve banking

Demand deposits

Liquidity

Federal Reserve

FED Chairman

Regulation

Lender-of-last-resort

Payments system

Interest Rates

Reserve Requirements

Discount Rate

Open market operations

Interest on reserve balances

Classical Economics

Keynesian Economics

Supply Side Economics

Gains from trade

Comparative Advantage

Specialization

Trade barriers

Quota

Tariff

Embargo

Free trade

Autarky

NAFTA

European Union

Brexit

Foreign exchange market

Absolute Advantage

Foreign currency

Exchange rate

Strong currency

Weak currency

Benefits

Amenities

Salary vs Wages

Principal

Interest

Compound vs Simple Interest

Credit Score

Credit Report

Repossession

Bankruptcy

Financial Asset

Real estate

Bond

Stock

Mutual funds

Risk

Household Budget

Delayed gratification

Diversification