preface

Chapter 1.
What is economics?

Economics
Scarcity
Goods & Services
Needs & Wants
Optimizing Behavior
Factors of Production
Incentive
Value
Paradox of Value
Utility
Wealth
Household
Market
Economic Cycle
Economic Agent
Free Market Economy
Economic Growth & Productivity
Division of Labor
Specialization
Trade-off
Cost
Opportunity Cost
Corporation
Production Possibilities Frontier
Microeconomics
Macroeconomics

Chapter 2.
microeconomics

Demand & Supply
Demand
Supply
Law of Demand
Law of Supply
Demand Curve
Supply Curve
Equilibrium of Demand & Supply
Demand Elasticity
Supply Elasticity
Unit Elastic
Marginal Utility
Law of Diminishing Marginal Utility
Marginal Cost
Income Effect
Substitution Effect
Normal Goods
Inferiority Goods
Substitute Goods
Giffen Goods
Complementary Goods
Enterprise
Marginal Product
Three Stages of Production
Law of Diminishing Marginal Productivity
Production Function
Marginal Analysis
Cost Curve
Total Cost
Fixed Cost
Variable Cost
Total Revenue
Marginal Revenue
Break-even Point
Law of Variable Proportions
Depreciation & Amortization
Maximization of Profit
Profit-maximizing Quantity of Output
Price Taker
Perfectly Competitive Market
Producer Surplus
Consumer Surplus
Social Surplus
Imperfect Competition
Allocation of Resources
Pareto Optimum
Rent
Lorenz Curve
Gini Coefficient
Price Maker
Price Leader
Degree of Monopoly (Margin Rate)
Monopoly
Oligopoly
Monopolistic Competition
Cartel
Market Failure
External Economy
External Diseconomy
Antimonopoly Law
Homogeneous Capital Goods
Discrimination Goods
Game Theory
Nash Equilibrium
Prisoners' Dilemma
Folk Theorem
Outside of the Market
Production Theory
Price
Market Equilibrium
Laissez-faire
Night-Watchman State
Pigovian Tax
Public Goods
Private Goods
Coase Theorem
Moral Hazard
Present Discounted Value
Information Asymmetry
Samuelson's Theorem
Supply-Demand Gap
Automatic Adjustment Function of Price
Market Price
Equilibrium Price
Market Mechanism

Chapter 3.
macroeconomics

GDP (Gross Domestic Product)
GNP (Gross National Product)
NDP (Net Domestic Product)
NNP (Net National Product)
SNA (System of National Accounts)
Flow
Stock
Nominal GDP
Real GDP
GDP Deflator
GDP per capita
NI (National Income)
Price
Price Index
Consumer Price Index (CPI)
Corporate Goods Price Index (CGPI)
Producer Price Index (PPI)
Economic Growth
Rate of Economic Growth
Rate of Nominal Economic Growth
Rate of Real Economic Growth
Final Product
Intermediate Product
Income
Productive National Income
Distribution of National Income
Expenditure National Income
Redistribution of Income
Progressive Tax System
Principle of Equivalent of Three Aspects
Money
Finance
Bank
Central Bank
Added Value
Inflation
Hyper Inflation
Deflation
Deflationary Spiral
Stagflation
Bubble Economy
Reserve Deposit Requirement System
Principle of Effective Demand
Negative Income Tax (Positive Income Tax)
IS-LM Model
Consumption Function
Multiplier Effect
Budget Deficit
Built-in Stabilizer
Crowding Out Effect
Liquidity Trap
Public Loan
High Powered Money
Ricardian Equivalence
Barro's Equivalence Principle
Credit Creation
Equilibrium of Labor Market
Economic Conditions
Diffusion Index
Business Cycle
Misery Index
Aggregate Supply
Aggregate Demand
Aggregate Supply Curve
Aggregate Demand Curve
Supply-side Economics
Demand-side Economics
Monetarism
Say's Law
Laffer Curve
Fallacy of Composition
Manuscript Won-go Appreciation
Original article Depreciation
Quantitative Easing
Labor Theory of Value
Marginal Revolution
Behavioral Economics
Absolute Surplus Value
Relative Surplus Value
Liquidity Preference Theory
Assets Effect
Kitchen Cycle
Juglar Cycle
Kuznets Curve
Kondratiev Wave

Chapter 4.
International Economics

Imported Goods
Exported Goods
Absolute Advantage
Comparative Advantage
Tariff
Import Quota
Protective Tariff
Revenue Tariff
Foreign Exchange
Rate of Foreign Exchange
Floating Exchange Rate System
Fixed Exchange Rate System
Trade
Vertical Trade
Horizontal Trade
International Division of Labor
Free Trade
Trade Protection
Trade Surplus
Trade Deficit

Chapter 5.
Economic history

Adam Smith
David Ricardo
Thomas Malthus
John Stuart Mill
Karl Marx
Alfred Marshall
John Maynard Keynes
Joseph Schumpeter
Lionel Robbins
Friedrich Hayek
Paul Samuelson
Milton Friedman
Gary Becker
Thomas Piketty
Mercantilism
Classical Economics
Neoclassical Economics
Neoliberalism
Libertarianism
World Economic Crisis
The Financial Crisis

* Search

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GNP? GDP?
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237 economic terms that you know but don't actually know
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Advanced economic theories such as the law of diminishing marginal utility and behavioral economics,
Economic history from Marx, Keynes, and Piketty
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