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The Economics of the Household: Time, Unpaid Work and the Family Budget

The principles of microeconomics, such as scarcity, opportunity cost and specialisation, apply to the economist's analysis of the way pe...
3 min read
Substitution Effect
Definitions

Substitution Effect

Published on January 29, 2020

Subsidy
Definitions Behavioural economics Business economics Competitive markets Factors of production Information Failure

Subsidy

Published on January 29, 2020

Specific taxes
Definitions

Specific taxes

Published on January 29, 2020

Specialisation
Definitions

Specialisation

Published on January 29, 2020

Social costs
Definitions

Social costs

Published on January 29, 2020

Social benefits
Definitions

Social benefits

Published on January 29, 2020

Scarcity
Definitions

Scarcity

Published on January 29, 2020

Savings ratio
Definitions

Savings ratio

Published on January 29, 2020

Savings gap
Definitions

Savings gap

Published on January 29, 2020

Savings
Definitions

Savings

Published on January 29, 2020

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A model house and a magnifying glass resting on architectural floor plans, with a piggy bank blurred in the background

The Economics of UK Property Investment: Supply, Demand and Regional Price Differences

Housing sits in an unusual position within the economy. A house is somewhere to live, but it is also an asset. It provides shelter, consumes...
8 min read

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