economics for amateurs

EFA (47): Retail Prices Index

Inflation is a potential problem for any economy. So one of the key goals of economic policy is to keep inflation low and stable. Britain's best-known measure of inflation is the Retail Prices Index (RPI).

Volkswirtschaft

Einzelhandelspreisindex

EFA (46): Aggregate demand

Economics, as my pet parrot and brilliant economic advisor Maynard knows all too well, is all about supply and demand. And “aggregate demand” is the subject of the 46th item in our series, Economics for Amateurs (EFA).

Haus-Papagei

Berater(in)

gesamtwirtschaftliche Nachfrage

hier: Folge

EFA (45): Exit strategies

Over the past year, the term exit strategy has entered the vocabulary of economics. But what exactly is such a strategy? This is the topic of the 45th item in our regular Economics for Amateurs (EFA) series.

Rückzugsstrategie

Volkswirtschaft(slehre)

Thema

hier: Folge

EFA (44): Deleveraging

Economics has quite a few ugly terms, but among the best (that is, worst) at the momement is the concept of "deleveraging". But what is this exactly? That is what we discuss in Economics for Amateurs, part 44.

Volkswirtschaftslehre

Senken des Fremdkapitalanteils

EFA (43): Income elasticity of demand

Elasticity of demand is a key concept in economics. It is a measure of the responsiveness of demand for goods or services to other changes. Here we look at income elasticity of demand. Economics for Amateurs, part 43.

Nachfrageelastizität

Volkswirtschaftslehre

Reaktionsbereitschaft, Reaktionsfähigkeit

EFA (42): Gross and net

The terms "gross" and "net" are often used in economics to refer to key economic variables. But what exactly do these terms mean? This is the subject of the 42nd item in our Economics for Amateurs (EFA) series.

brutto

netto

Volkswirtschaftslehre

ökonomische Variablen

hier: Folge

Percentages

I've got something I have to confess. It's very embarassing, but I'm sure I'll feel better when I've told you. You see, the thing is...wait for it...I absolutely love percentages. Part 41 in our Economics for Amateurs (EFA) series.

gestehen

peinlich

Volkswirtschaftslehre

EFA (40): End-of-year test

Each Monday for the past nine months, I have introduced key terms in economics in our Economics for Amateurs series. Now, it is time to see how well you know some of these terms in our special end-of-year test.

EFA (39): The long and the short of it

In economics, one often comes across terms like "in the short run" or "in the long run". The meanings of these terms might seem to be clear, but what do they mean exactly? Economics for Amateurs, part 39.

Volkswirtschaftslehre

stoßen auf

auf kurze Sicht

auf lange Sicht

EFA (38): Liquidity trap

A key concept in Keynesian economics — and a possible explanation forwhy economies can get stuck in a recession — is the idea of a "liquidity trap". Economics for Amateurs (EFA), part 38.

Volkswirtschaftslehre

Liquiditätsfalle