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.
Features
๐ Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
๐ Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
๐ง Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
๐ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.
Why Choose Economics Terms Lexicon?
- Accuracy and Reliability: With references to official publications and government sites, you can trust the information provided.
- Interactive Learning: Our quizzes offer an engaging way to reinforce your learning and test your understanding of each term.
- Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.
Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโre preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
Covariance between a random variable and its lagged values in time series analysis
A sequence of autocovariances of a covariance stationary time series process as a function of the lag length.
An approach in empirical econometrics where model evaluation and selection is performed by a computerized algorithm.
Economic mechanisms that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.
Automation: Production by machinery without the need for immediate human intervention.
Understanding autonomous consumption - the component of consumption that is independent of current income.
Definition and detailed analysis of autonomous investment in economics.
A comprehensive dictionary entry on the Autoregressive Moving Average (ARMA (p, q)) model utilized in time series analysis within economics.
Total cost of production divided by quantity produced, combining both average fixed cost and average variable cost.
A policy of setting prices to cover average costs, often used by government-controlled or non-profit entities.
Definition and analysis of the term "average earnings scheme," including its practical applications and relevance in economics.
Understanding the Average Tax Rate in Economic Terms