Comprehensively revised and updated, this outstanding reference work defines more than 2,500 key economic terms with clear, concise entries that cover all aspects of the field--from microeconomics and macroeconomics to e-commerce and international trade, including economic theory, labor economics, public finance, monetary economics, and environmental economics. Readers will find particularly strong coverage of international trade and economic organizations and institutions as well as expanded coverage of common econometric concepts, highlighting major theoretical concepts such as agency, competition, efficiency, and equilibrium. In addition, the authors provide appendices of Nobel Prize winners, the Greek alphabet, and institutional acronyms (providing details for each organization, including the website of each). Indeed, recommended web links updated regularly on the Dictionary of Economics
website enable readers to access a wide range of up-to-the-moment information. An essential reference book for students and teachers of economics and the related fields of social studies, business studies, and finance, the book is invaluable to professional economists, those working in business and finance, and anyone who has to deal with economic data or writing.
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