Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

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đź“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Durbin-Watson Test
A statistical test for detecting the presence of first-order serial correlation in the error terms of a linear regression model.
Durbin’s test
Durbin’s test: Evaluating first-order serial correlation in the presence of a lagged dependent variable
Dutch Auction
An overview and economic analysis of the Dutch auction, an auction format starting with a high price that decreases until a buyer accepts or a minimum reserve is reached.
Duties - Definition and Meaning
An exploration of various types of duties including anti-dumping duty, countervailing duty, customs duty, death duties, estate duty, excise duty, and stamp duty.
Dynamic Inconsistency
A situation in which the optimal plan of a decision-maker made at one point in time is no longer optimal later in time.
Dynamic Stochastic General Equilibrium (DSGE)
Definition and meaning of dynamic stochastic general equilibrium (DSGE), a class of theoretical models used in macroeconomics.
Dynamics
The study of the time path of an economy, determined by a combination of exogenous and endogenous factors.
e-government
The interaction of government with people, businesses, and charities that takes place online.