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Gross Domestic Product
Gross domestic product
Gross domestic product
(GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons
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GDP (other)
GDP
GDP
or gross domestic product is the basic measure of a country's overall economic output. GDP
GDP
may also refer to: GDP
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JEL Classification Codes
Articles in economics journals are usually classified according to the JEL classification codes, a system originated by the Journal of Economic Literature. The JEL is published quarterly by the American Economic Association (AEA) and contains survey articles and information on recently published books and dissertations. The AEA maintains EconLit, a searchable data base of citations for articles, books, reviews, dissertations, and working papers classified by JEL codes for the years from 1969. A recent addition to EconLit is indexing of economics-journal articles from 1886 to 1968[1] parallel to the print series Index of Economic Articles.[2]Contents1 Structure 2 Purpose 3 JEL categories3.1 A. General Economics
Economics
and Teaching 3.2 B. History of Economic Thought, Methodology, and Heterodox Approaches 3.3 C. Mathematical and Quantitative Methods 3.4 D. Microeconomics 3.5 E
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World Bank
The World Bank
World Bank
(French: Banque mondiale)[2] is an international financial institution that provides loans[3] to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA)
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Demand
In economics, demand is the quantity of a commodity or a service that people are willing or able to buy at a certain price, per unit of time.[1] The relationship between price and quantity demanded is also known as demand curve. Preferences and choices, which underlie demand, can be represented as functions of cost, benefit, odds and other variables. Determinants of (Factors affecting) demand Innumerable factors and circumstances could affect a buyer's willingness or ability to buy a good. Some of the common factors are:Good's own price: The basic demand relationship is between potential prices of a good and the quantities that would be purchased at those prices. Generally the relationship is negative meaning that an increase in price will induce a decrease in the quantity demanded. This negative relationship is embodied in the downward slope of the consumer demand curve. The assumption of a negative relationship is reasonable and intuitive
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Economic History
Economic history
Economic history
is the study of economies or economic phenomena of the past. Analysis in economic history is undertaken using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The topic includes financial and business history and overlaps with areas of social history such as demographic and labor history
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Schools Of Economic Thought
In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a common perspective on the way economies work. While economists do not always fit into particular schools, particularly in modern times, classifying economists into schools of thought is common. Economic thought may be roughly divided into three phases: premodern (Greco-Roman, Indian, Persian, Islamic, and Imperial Chinese), early modern (mercantilist, physiocrats) and modern (beginning with Adam Smith
Adam Smith
and classical economics in the late 18th century). Systematic economic theory has been developed mainly since the beginning of what is termed the modern era. Currently, the great majority of economists follow an approach referred to as mainstream economics (sometimes called 'orthodox economics')
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Microeconomics
Microeconomics
Microeconomics
(from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.[1][2][3] One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics
Microeconomics
shows conditions under which free markets lead to desirable allocations
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Economic Methodology
Economic methodology
Economic methodology
is the study of methods, especially the scientific method, in relation to economics, including principles underlying economic reasoning.[1] In contemporary English, 'methodology' may reference theoretical or systematic aspects of a method (or several methods). Philosophy and economics
Philosophy and economics
also takes up methodology at the intersection of the two subjects.Contents1 Scope 2 See also 3 Notes 4 References 5 External linksScope[edit]This section is in a list format that may be better presented using prose. You can help by converting this section to prose, if appropriate. Editing help is available
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Heterodox Economics
Heterodox economics
Heterodox economics
refers to schools of economic thought or methodologies that are outside "mainstream economics", often represented by expositors as contrasting with or going beyond neoclassical economics.[1][2] "Heterodox economics" is an umbrella term used to cover various approaches, schools, or traditions
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Econometrics
Econometrics
Econometrics
is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations.[1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference".[2] An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships".[3] The first known use of the term "econometrics" (in cognate form) was by Polish econom
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US Department Of Commerce
The United States Department of Commerce
United States Department of Commerce
is the Cabinet department of the United States government concerned with promoting economic growth. Among its tasks are gathering economic and demographic data for business and government decision-making, and helping to set industrial standards. This organization's main purpose is to create jobs, promote economic growth, encourage sustainable development and improve standards of living for all Americans.[3] The Department of Commerce headquarters is the Herbert C. Hoover Building
Herbert C

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Economic System
An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. As such, an economic system is a type of social system
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Experimental Economics
Experimental economics
Experimental economics
is the application of experimental methods[1] to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives. Experiments are used to help understand how and why markets and other exchange systems function as they do
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Mathematical Economics
Mathematical economics
Mathematical economics
is the application of mathematical methods to represent theories and analyze problems in economics. By convention, the applied methods refer to those beyond simple geometry, such as differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, and other computational methods.[1][2] An advantage claimed for the approach is its allowing formulation of theoretical relationships with rigor, generality, and simplicity.[3] Mathematics
Mathematics
allows economists to form meaningful, testable propositions about wide-ranging and complex subjects which could less easily be expressed informally
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