Economics

Economics

basics of economics

Contributors in Economics

Economics

This is one of two influential economic theories of how assets are priced in the financial markets. The other is the capital asset pricing model. The arbitrage pricing theory says that the price of a ...

arbitrage

Economy; Economics

Buying an asset in one market and simultaneously selling an identical asset in another market at a higher price. Sometimes these will be identical assets in different markets, for instance, shares in ...

appreciation

Economy; Economics

A rise in the value of an asset and the opposite of depreciation. When the value of a currency rises relative to another, it appreciates.

antitrust

Economy; Economics

Government policy for dealing with monopoly. Antitrust laws aim to stop abuses of market power by big companies and, sometimes, to prevent corporate mergers and acquisitions that would create or ...

animal spirits

Economy; Economics

The colorful name that Keynes gave to one of the essential ingredients of economic prosperity: confidence. According to Keynes, animal spirits are a particular sort of confidence, "naive optimism". ...

amortization

Economy; Economics

The running down or payment of a loan by installments. An example is a repayment mortgage on a house, which is amortized by making monthly payments that over a pre-agreed period of time cover the ...

altruism

Economy; Economics

It is often alleged that altruism is inconsistent with economic rationality, which assumes that people behave selfishly. Certainly, much economic analysis is concerned with how individuals behave, ...