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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Cobb–Douglas Function
An exploration of the Cobb–Douglas function, its historical context, definitions, and its significance in different economic frameworks
Cobweb Model
A model used to illustrate the fluctuations in the economy due to time lags in response between supply and price changes.
Cochrane–Orcutt Procedure
A two-step estimation technique used in linear regression models to address first-order serial correlation in the errors.
Coefficient of Determination
The proportion of sample variation in the dependent variable explained by the regression in a linear model.
Coefficient of Variation
Understanding the coefficient of variation as a measure that expresses the standard deviation of a set of data as a percentage of its mean.
Cohort Study
A form of longitudinal study that follows a group of individuals sharing a common characteristic or experience within a defined period, aiming to determine the effect on the group of an experience or treatment.
Coin
Money consisting of solid tokens, typically of metal.
Coincidence of Wants
An exploration of the concept of 'coincidence of wants' in economics, fundamental to the function of barter systems.
Cointegration
Understanding the concept of cointegration in time series analysis, particularly in relation to non-stationary variables that share a common stochastic trend.
Collateral
A valuable article or property pledged as the security for a loan.
Collateralized Debt Obligation (CDO)
A form of structured financial security backed by a portfolio of bonds or loans, segmented by varying levels of risk known as tranches.
Collective Bargaining
System of negotiation between employees and employers determining wage rates, work hours, and employment conditions.