International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

factor intensity reversal

Economy; International economics

A property of the technologies for two industries such that their ordering of relative factor intensities is different at different factor prices. For example, one industry may be relatively capital ...

learning curve

Economy; International economics

A relationship representing either average cost or average product as a function of the accumulated output produced. Usually reflecting learning by doing, the learning curve shows cost falling, or ...

banker's bank

Economy; International economics

A bank that is established by mutual consent by independent and unaffiliated banks to provide a clearinghouse for financial transactions.

IS-LM Model

Economy; International economics

A Keynesian macroeconomic model, popular especially in the 1960s, in which national income and the interest rate were determined by the intersection of two curves, the IS-curve and the LM-curve.

bank holding company

Economy; International economics

(USA) Any company which directly controls, with power to vote, more than five percent of voting shares of two or more banks (as defined by the Bank Holding Company Act .

iso-price curve

Economy; International economics

A curve along which price is (or prices are) constant, most commonly in factor-price space where it shows the combinations of prices of factors consistent with zero profit in producing a good at a ...

optimal tax

Economy; International economics

1. given the constraint in a minimal amount of tax revenues should increase, the optimal tax system will minimize the distortions they cause. 2. the existence of externalities, optimal taxation (or ...