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Index
Title
Copyright
Contents
Introduction
Schools of Thought
GLOSSARY
Classical
Marxism
Keynesian economics (positive)
profile: Friedrich von Hayek
Neoclassical synthesis
Austrian school
Economic Systems
GLOSSARY
Free market capitalism
Market socialism
profile: Milton Friedman
Central planning
Mercantilism
Shock therapy
The Washington consensus
Economic Cycles
GLOSSARY
Keynesian economics (normative)
Monetarism
profile: John Maynard Keynes
The Phillips curve
Permanent income hypothesis
Rational expectations
Time consistency
Financial accelerator
Financial instability hypothesis
Lender of last resort
Growth
GLOSSARY
Neoclassical growth
New growth theory
profile: Thomas Malthus
Creative destruction
Human capital
The rule of law
Limits to growth
Global Trade
GLOSSARY
Comparative advantage
Heckscher-Ohlin trade model
New trade theory
profile: David Ricardo
Optimal currency area
The impossible trinity
Purchasing power parity
Choice
GLOSSARY
Rational choice
Game theory
profile: Gary Becker
Public choice
Expected utility theory
Prospect theory
Tax & Spend Policies
GLOSSARY
Tax incidence
Excess burden
profile: Alfred Marshall
Supply-side economics
Crowding out
Markets
GLOSSARY
The invisible hand
Marginalism
profile: Adam Smith
The tragedy of the commons
Property rights
Polluter pays principle
Adverse selection
Moral hazard
Efficient market hypothesis
Rent seeking
Resources
Index
Acknowledgments
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