Economics
In this category you will find information on economics, both in terms of macroeconomics and microeconomics. Economics is an important basis for the understanding of financial markets and financial instruments.
Monopsony in the labor market means that there is only one employer that sets wages and many workers without market power. ...
Moral hazard is a market failure that is both an information problem and an insurance problem. Moral hazard means that an individual's behavior is influenced by the knowledge that he is insured. ...
Multiplier effects of fiscal policy means that an increase in government spending will lead to a higher increase in demand in the economy than just the spending growth. ...
National accounting is the data registration and reporting that concern the economy of a country. National accounting reports a summary of how much is produced in a country, how much is imported and h ...
Norm policy is a method of economic politics that was created by Milton Friedman. Norm politics assumes that monetary growth is maintained at a constant level and that wages should be variable. ...
Oligopoly is a market structure with a few companies that sell both homogeneous and differentiated products to many buyers. ...
Opportunity cost is an important concept in economics. The fact that resources are scarce means that there always will be an opportunity cost for all decisions. ...
A perfect market is a market where the competition is complete, there are many sellers and many buyers of identical products that is perfectly comparable. ...
The Phillips curve was constructed by A. W. Phillips and published in 1958. The Phillips curve shows the relationship between unemployment and inflation. ...
The precautionary motive is a reason why money is demanded in an economy according to the keynesian monetary theory. ...