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Definitions
Okun’s Law
Okun’s Law
Unemployment
Real Output
Cyclical Fluctuations
Economics
The relationship between unemployment and real output in cyclical fluctuations.
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Definitions
Oligopoly
Oligopoly
Market Structures
Economics
A comprehensive overview of the economic term 'oligopoly', exploring its definition, historical context, and major analytical frameworks.
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Definitions
Oligopsony
Market Structure
Economics
Oligopsony
Oligopoly
Microeconomics
A market characterized by a small number of buyers, where each buyer's decisions affect the others.
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Definitions
Ombudsman
Ombudsman
Economic Institutions
Administration
Law
Governance
The role and significance of an ombudsman in economic and administrative contexts.
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Definitions
On-the-Job Training
Training
Human Resources
Skill Development
Training by working under the supervision of an experienced worker, contrasted with formal courses of instruction.
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Definitions
One-Tailed Test
Statistics
Econometrics
Hypothesis Testing
A statistical test where the hypothesis is rejected only for sufficiently large or small values of the test statistic, when the direction of the effect is known beforehand.
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Definitions
Opaque Policy Measures
Economic Policy
Transparency
Policy Analysis
Definition and meaning of opaque policy measures in economic policy.
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Definitions
Open Economy
Open Economy
International Trade
Economics
A detailed analysis of the term 'Open Economy' within economics, including major frameworks and comparative analysis.
Read more about Open Economy.
Definitions
Open Outcry
Trading
Markets
Commodities
Securities
Currencies
Economic Systems
The system of trading in commodities, securities, or currencies by traders meeting together and calling out the trades they are offering.
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Definitions
Open Position
Economics
Trading
Finance
A detailed exploration of what constitutes an 'Open Position' in trading and its implications.
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Definitions
Open-Ended Fund
Investment
Mutual Fund
Finance
A form of mutual fund with no restriction on the number of shares issued based on investor demand.
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Definitions
Open-Loop Equilibrium
Game Theory
Equilibrium
Multi-Stage Games
Commitment
An equilibrium in multi-stage games where players do not observe previous strategies, allowing no strategy revision.
Read more about Open-Loop Equilibrium.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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