24 Terms
Home > Industry/Domain > Economy > International economics
International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
Add a new termContributors in International economics
International economics
Eaton-Kortum Model
Economy; International economics
A useful variant of the Ricardian Trade Model in which a continuum of producers or industries have randomly chosen differences in productivities. Due to Eaton and Kortum (2002).
Econometric model
Economy; International economics
A set of equations that have been estimated by econometric methods and that are then used, together, to forecast the economy or to calculate effects of changes in the economy. Thus, an economic model ...
Economic crisis
Economy; International economics
Although there are many economic events that might be called crises, this term usually refers to a sudden drop in aggregate demand that, if prolonged, leads to recession.
Economic decision
Economy; International economics
A decision about an economic issue, most commonly about how to allocate resources among multiple purposes.
Economic indicator
Economy; International economics
A variable that is measured and publicly reported and that is considered meaningful not only for itself but as a sign of how rapidly the larger economy is expanding or contracting.
Economic justice
Economy; International economics
1. Fairness and equity in economic affairs, presumably by having laws, governments, and institutions that treat people equally and avoid favouring particular individuals or groups. 2. As most often ...
Economic model
Economy; International economics
A collection of assumptions, often expressed as equations relating variables, from which inferences can be derived about economic behaviour and performance.
