Economics articles
Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Should we increase the state pension age?
Posted on 5 December
Many Western economies face a demographic time bomb – an ageing population, which places strain on government spending and the more »
Different Types of Inflation
Posted on 4 December
Inflation means a sustained increase in the general price level. However, this increase in the cost of living can be more »
Application and Interview Tips for PPE at Oxford University
Posted on 28 November
I studied PPE at Lady Margaret Hall, Oxford university between 1995-99. Quite often people ask me for tips on applying more »
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Beggar My Neighbour Policy
- Benefit Principle
- Bill of Exchange
- Bretton Woods System
- Building Societies by Size
- Caveat Emptor
- Ceiling Prices
- Census Records in the UK.
- Central Bank and Monetary Policy
- Chartist Movements in Shares
- Cheap Money
- Compensated Demand Curve
- Competitive Devaluation
- Consistent Preferences
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- Constant Returns to Scale
- Consumer Confidence
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- Consumer Sovereignty
- Consumption Externality
- Consumption Function
- Contagion Definition
- Contestable Market Definition
- Contingent Market Definition
- Convergence Criteria for Euro
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- Coordination Failure Definition
- Credit Default Swap
- Criticism of Austrian Economics
- Criticism of IMF
- Currency Collapse
- Currency Risk – Hedging
- Debt Crisis – Sub Saharan Africa
- Debt Crisis 1980s – Latin America
- Debt Default
- Debt Service Ratios
- Defined Benefit Scheme
- Definition of Comparative Advantage
- Deflationary Gap
- Guide to Avoiding Capital Gains Tax
- Iceland and IMF 2008
- Income Tax allowances
- List of Building Societies Now Banks
- List of UK Building Societies
- Most Traded Commodities
- Real Interest Rates
- Who Finances Government Debt?
- Yen Carry Trade
- Yen Carry Trade Unwinding
- "Animal Spirits" – J.M. Keynes
- A Priori Arguments
- A Shares
- Ability to Pay
- Absolute Advantage
- Absorption in Economics
- Accelerated Depreciation
- Accelerator effect
- Accenssion Countries
- Accommodatory Monetary Policy
- Accounting Period
- Acquisitions
- Actuary Definition
- Adaptive Expectations
- Adjustable Peg Exchange Rate
- Adjustment Costs
- Administration Order
- Adverse Selection
- Adverse Supply Side Shock
- Advertising Techniques
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- After Tax Income
- Agglomeration Economies
- Aggregate Demand AD
- Aggregate Supply
- Agricultural Protection
- All Share Index: Financial Times
- Allocative Efficiency
- Alpha Stocks
- Analysis of Variance
- Announcement Effect
- Annual Reports and Accounts
- Annualised Percentage Rate of Interest APR
- Annuity Definition
- Anti Dumping Measures and Duties
- Anti Pollution Measures
- Anti Trust Laws
- Appreciation of Currency
- Appropriation Account
- Arbitrage Pricing Theory
- Arbitration in Disputes
- Arc Elasticity of Demand
- Arithmetic Mean
- Assembly Line
- Asset Bubbles
- Asset Motive for Money
- Asset Prices
- Asset Stripping
Definition
- Assisted Areas
- Asymmetric Information Problem
- Atomistic Competition
- Auction Theory in Economics
- Audit and Audi Commission
- Austrian School of Economics
- Autarky Meaning
- Authorized Capital Stock
- Automatic Stabilisers
- Autonomous Consumption
- Autonomous Investment
- Average Cost
- Average Cost Pricing
- Avoidable Costs
- Backward Bending Supply Curve
- Backward Integration / Merger
- BACS Payment Services
- Bad Debt Provision
- Balance of Payments
Definition
- Balance of Trade
- Balance Sheet
- Balanced Budget
- Balanced Growth
- Balancing Item
- Bank Deposit Insurance
- Bank Deposit Protection
- Bank Loans
- Bank Notes and Coins in UK
- Bank of England
- Bank of England and Exchange Rates
- Bank of England Interest Rates
- Bank Regulation UK
- Bank Safety Ratings
- Banker’s Draft
- Banking System UK
- Bankruptcy Proceedings
- Bargaining Power
- Barter Economy
- Base Rates UK
- Base Year
- Base Year
- Baseline Projection
- Basic Rate of Income Tax
- Basis Points Definition
- Bear Market Definition
- Beggar Thy Neighbour Economic Policy
- Behavioural Theories of the Firm
- Bell Curve Explanation
- Below the Line Accounts
- Benefits in Kind
- Benefits System UK
- Bertrand Competition
- Big Four UK Banks
- Bilateral Monopoly
- Bilateral Trade
- Bills Government
- Black Market
- Black Monday – Stock Market Crash
- Black Thursday 1929
- Black Wednesday – ERM
- Blair House Accord
- Blue Chip Shares
- Board of Directors
- Bond Market and Interest Rates
- Bond Rating Agency
- Bonus Share Issue
- Bounded Rationality
- BP Curve
- Brain Drain Problem
- Brand Loyalty
- Break Even Point
- Broad Money Definition
- Budget Constraints
- Budget Deficit
- Budget Surplus
- Buffer Stock Scheme
- Building Societies UK
- Bull Market
- Business Cycle
- Business Ethics
- Buyers Market
- Cabotage
- Cairns Group and WTO
- Call Money
- Call Option Trading
- Capacity Utilisation
- Capital Account Balance of Payments
- Capital Accumulation
- Capital Allowances
- Capital Asset Pricing Model CAPM
- Capital Consumption
- Capital Expenditure
- Capital Flight
- Capital Gains Tax – Rates and Exemptions
- Capital to Labour Ratio
- Capital Widening and Capital Deepening
- Capitalism vs Socialism
- Capitalist – definition
- Capitalist Economic System
- Carbon Tax
- Advantages and Disadvantages
- Carbon Trading Definition
- Cardinal and Ordinal Utility
- Cartel Definition
- Cash Flow in Business
- Cash Ratio
- Central Planning Economy
- Ceteris Paribus in Economics
- Chancellor of the Exchequer
- Chapter 11 Bankruptcy Information
- Chicago School of Economics
- Child Benefit Rates in UK
- Circular Flow of Income
- Classical Economics Model
- Classical Unemployment Definition
- Command Economy
- Compensating Wage Differential
- Compensation Principle for Externalities
- Competition Commission UK
- Competition Policy
- Competitive Markets
- Competitive Tendering
- Complementary Goods
- Composite Demand
- Concentration Ratios
- Conglomerate Merger
- Consumer Price Index CPI
- Consumer Surplus
- Contractual Savings Plan
- Core inflation Definition
- Costs of Production
- Criticism of European Union EU
- Criticism of Free Market Economics
- Criticism of Keynesian Economics
- Criticism of Monetarism
- Criticism of Thatcher Economics
- Criticisms of Bank of England
- Criticisms of the Euro
- Currency Reform
- Current Account Balance of Payments
- Current Bank Account
- Current Prices and Constant Prices
- Customs and Excise Duties UK
- Customs Union
- Cyclically Adjusted Budget Deficit
- Deadweight Debt
- Dear Money
- Debentures Definition
- Debt Burden Ratios
- Debt Crisis Asia 1990s
- Decreasing Returns to Scale
- Definition of Deregulation
- Deflation Definition
- Deindustrialization in UK
- Demerit good definition
- Dependency Culture
- Dependency Ratio
- Depletable Resources
- Deposit Account Definition
- Derived Demand
- Distributive Efficiency Definition
- Division of Labour
- Double Co-incidence of Wants
- Economic Aid
to Developing Countries
- Economic Booms
- Economic Depression – Definition
- Economic Stimulus Package
- Economics Dictionary A-Z
- Economics of Tax
- Efficiency Wage Theory
- Examples of Barriers To Entry
- External Benefits
- External costs
- Externalities – Definition
- Factor Immobility
- Financial Crisis Asia 1997
- Fiscal Drag
- Fiscal Illusion
- Fiscal Neutrality
- Fixed Capital Formation
- Flexible Wages Definition
- Flight From Money
- Floating Exchange Rates Definition
- Free Rider Problem Definition
- Frictional Unemployment
- Full Employment Unemployment Rate
- Hit and run competition
- Horizontal Integration Definition
- Hot Money Flows
- How Much is a Billion Pounds?
- Human development index
- M – Dictionary
- Marginal Efficiency of Capital MEC
- Marginal Utility Theory
- Mixed Economy
- Monetary Financial Intermediaries
- Say’s Law
- Social Benefit
- Social Cost
- Stagflation
- Static Efficiency
- Structural Adjustment Definition
- Substitute Goods
- Supplementary Goods
- Take up rate
- Takeovers
- Tariffs
- Tax Avoidance and Tax Evasion
- Tax competition
- Tax haven
- Technical Efficiency Definition
- Technological unemployment
- Thatcher’s Economic Policies
- The Accelerator Effect
- The Community Charge
- Tight Fiscal Policy
- Tight Monetary Policy
- Time Lags
- Token Money
- Total utility
- Trade Barriers
- Trade Creation
- Trade Deficit Definition
- Trade Diversion
- Trade Liberalisation
- Trade not Aid
- Trade Sanctions
- Trade weighted index
- Transaction costs
Random definitions
Tejvan R Pettinger
Tejvan studied PPE at LMH, Oxford University and works as an economics teacher and writer.