budget line

opportunity cost

axioms

marginal rate of substitution

mrs of b for a

substitution effect

income effect

the role of markets

exogenous variables in supply and demand

endogenous variables in supply and demand

production

production function

average physical product of labour

marginal physical product

total product curves

isocost

profit

avg revenue

if the avg cost is falling marginal cost is below it

economic efficiency

production possibility frontier

endowment point

the contact curve

pareto optimality

issues of pareto optimality

internal costs

external costs

injections to the circular flow of income

leakages to the circular flow of income

GDP

nominal GDP

real GDP

the GDP deflator

GNP

net national product

genuine progress indicator

says law

the business cycle

capacity

crowding in

fiscal policy

expansionary fiscal policy

commodity money

flat money

m0

m1

m2

m3

m4

demands

monetary policy

phillips curve

NAIRU

long run phillips curve

mark up

balance of payments on financial account

balance of payments on current account

net flow from private sectir

net flow for the government

net flow for overseas sector

if e < 1

if e > 1

investment

indicators of economic activity