Definitions

News


House price latest

House prices up by 6.9%.

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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A
Activity rate
Ad valorem tax
Affordability Index
Aggregate demand
Aggregate supply
Asymmetric information
B
Balance of payments
Buffer stock
C
Carbon offsetting
Choice
Carbon tax
Circular flow
Classical unemployment
Cobweb theorem
Competition Commission
Competitive tendering
Concentration ratio
Consumer surplus
Contractionary policy
CPI
Current account
Cyclical unemployment
D
Deflation
Demand
Demerit good
Direct taxes
Division of labour
E
Economic growth
Economic welfare
Equilibrium
Exchange rate
Expansionary policy
Exports
External benefit
External cost
F
Factors of production
Fiscal boost
Fiscal drag
Fiscal policy
Full employment
G
Game theory
Giffen good
Gini co-efficient
Government failure
H
HDI
I
Imports
Inactivity rate
Incidence of tax
Income effect
Indirect taxes
Inferior good
Inflation
Injections
Interest rates
Investment
L
Liquidity
Liquidity trap
Long run aggregate supply
Long tail
M
Market
Marginal cost
Marginal propensity to consume
Market failure
Maximum price
Merit good
Minimum price
Monetary policy
Monetary policy committee
Monopoly
Moral hazard
Movements and shifts
N
NAIRU
National income
National minimum wage
Net welfare gain
Net welfare loss
Nominal wages
Normal good
Normative statement
O
Oligopoly
Opportunity cost
Output gap
P
Pareto efficiency
PED
PES
Perfect competition
Phillips curve
Policy conflict
Policy instrument
Policy objective
Positive statement
PPF
Price
Price ceiling 
Price floor
Private benefit 
Private cost
Producer surplus
Productivity
Productivity gap
Public good
Q
Quantitative easing
Quasi public good
R
Real national income
Real wages
Recession
S
Savings
Savings rate/ratio
Scarcity
Social benefit 
Social cost
Specialisation
Specific unit taxes
Structural unemployment
Subsidy
Substitution effect
Supply
Supply shock
Supply side policy
T
The accelerator effect
The multiplier effect
W
Wealth effect
Withdrawals
X
XED
Y
YED

 


Alternative finance

Report on the growth of alternative finance.

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GDP latest

UK grows by 0.3% in 1st quarter of 2017.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

OECD - reducing income inequality will boost growth..more