Averch-Johnson Effect
The observation that whenever the profit-to-capital ratio of a company is regulated, it has an incentive to over-invest in capital, resulting in inefficiently high levels of capital accumulation.
Avoidable Cost
An economic term referring to costs that can be eliminated by ceasing an activity or production.
Avoidance - Definition and Meaning
Exploring the concept of avoidance, with a focus on its applications within economics and tax policy, and its differentiation from evasion.
Axiom - Definition and Meaning
A logical starting point used in economic deduction without needing proof or demonstration.
Economic Aid
An overview of economic aid, its forms, and impacts on less developed countries
Autoregressive Conditional Heteroscedasticity (ARCH)
An entry for understanding Autoregressive Conditional Heteroscedasticity (ARCH) models used in time series analysis in economics.
Adjustable Long-term Putable Security
An advanced financial instrument combining features of a dual currency bond, a floating interest rate, and a put option.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Actuarially Fair Odds" 6date: 2023-10-05 7description: "A detailed look at actuarially fair odds within the context of economics, providing comprehensive definitions and discussions across various theoretical frameworks." 8tags: ["Actuarially Fair Odds", "Economics", "Risk Management"] 9--- 10 11## Background 12 13Actuarially fair odds represent a concept rooted in the realms of insurance and gambling, tied closely to the principles of risk and uncertainty.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Affirmative Action" 6date: 2023-10-05 7description: "Policies aimed at ensuring equal opportunities in employment and education by promoting diverse representation." 8tags: ["affirmative action", "equal opportunities", "diversity", "employment", "education"] 9--- 10 11## Background 12 13Affirmative action refers to a range of policies and initiatives aimed at correcting historical injustices and inequalities faced by marginalized groups within society. It is designed to provide a level playing field in domains such as employment and education.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "ARFIMA - Definition and Meaning" 6date: 2023-10-05 7description: "A detailed examination of ARFIMA, its significance, analytical frameworks, and case studies" 8tags: ["Economics", "Statistics", "Time Series Analysis"] 9--- 10 11## Background 12 13ARFIMA, an acronym for Autoregressive Fractionally Integrated Moving Average, is a statistical model that generalizes the autoregressive moving average (ARMA) framework. It is used primarily to capture non-stationary time series data by allowing for fractional differencing, making it more flexible in analyzing long-memory processes.