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To understand multilateral relationships among phenomena as well as among micro and macro-variables, one needs a growing hyper-text connecting ideas.

Definitions of key words are here introduced, providing simple not-exhaustive explanations of terminology for beginners. By contrast, experts will find many innovative nuances.

 
 

Rethinking Economics: 42 Key Concepts (and two useless ones)


 

Key concept: Advertising

 

Key concept: Balance of payments

 

Key concept: Competitor

 

Key concept: Consumption

 

Key concept: Costs

 

Key concept: Cumulative bundle

 

Key concept: Degree of difficulty

 

Key concept: Elasticity

 

Key concept: Employment

 

Key concept: Energy

 

Key concept: Exchange rate

 

Key concept: Exports

 

Key concept: Feedback

 

Key concept: Foreign direct investment

 

Key concept: Gross Domestic Product

 

Key concept: Imitation

 

Key concept: Imports

 

Key concept: Inflation

 

Key concept: Innovation

 

Key concept: Insurance

 

Key concept: Interest rates

 

Key concept: Investment

 

Useless concept: Isoquant

 

Key concept: Microfinance

 

Key concept: Money

 

Key concept: Poverty

 

Key concept: Price level

 

Key concept: Product differentiation

 

Useless concept: Production function

 

Key concept: Productivity

 

Key concept: Profits

 

Key concept: Public expenditure

 

Key concept: Refusal to sell

 

Key concept: Remittances

 

Key concept: Repurchase

 

Key concept: Routines

 

Key concept: Savings

 

Key concept: Social groups

 

Key concept: Substitute goods

 

Key concept: Tax revenue

 

Key concept: Trade balance

 

Key concept: Unemployment

 

Key concept: Urban regeneration

 

Key concept: Wages

 


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This list of keywords for economics and management is an entry point for beginners into the theory of how the economy works, in strict connection with data, models, and policies. But it is more than that: it provides new definitions for the foundations of evolutionary economics, breaking the barriers between microeconomics, macroeconomics and the other economic and managerial disciplines.

 

 

 

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