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.

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Equivalent Variation
An economic metric used to gauge the welfare change regarding a price change or policy intervention by comparing the amount of income needed to achieve original utility under new circumstances.
Error Correction Model
A model used for estimating the short-run dynamic relationship among cointegrated variables and their adjustments towards long-term equilibrium.
Error Term
Definition and explanation of the error term in the context of regression analysis in economics
Escalator Clause
Definition and meaning of an escalator clause in economic terms.
Estimate
Definition and meaning of the term 'estimate' in econometrics.
Estimates
Proposals on expenditure in the coming financial year included in the UK government’s annual budget.
Estimator
A rule for using observed sample data to calculate the unobserved value of a population parameter.
EU Emissions Trading Scheme (EU ETS)
Overview and analysis of the EU Emissions Trading Scheme (EU ETS), a cornerstone of the European Union's climate policy.
Euler’s Theorem - Definition and Meaning
A comprehensive entry on Euler’s theorem in economics, describing its meaning, application, and historical context.
Euro - The Single European Currency
An overview of the Euro, its adoption, historical context, and significance within the European Monetary Union.
Eurobarometer
A comprehensive analysis of the Eurobarometer surveys conducted in EU countries by the communication service of the European Commission.