Option Value
An examination of the concept of option value in economics, including its implications for investment decisions and financial instruments.
Overheating
An examination of overheating in economic terms, primarily from a Keynesian perspective.
Objective 1 Region
A region in the European Union with under 75% of the average EU per capita income, eligible for financial assistance.
Occam’s Razor
A principle in theoretical and empirical problem-solving emphasizing simplicity and parsimony.
Off-Balance-Sheet Finance
A financial practice where businesses use lease agreements to control assets without incorporating them into the balance sheet.
Offer Curve
The locus of trading plans traced out as relative prices vary, reflecting optimal consumption or trade plans.
Office for Budget Responsibility
An independent agency created in 2010 to provide authoritative analysis of the UK’s public finances.
Office for National Statistics (ONS)
The UK government agency responsible for the collection and publication of UK economic statistics.
Office of Communications
Ofcom, established by the Office of Communications Act of 2002, regulates UK communications industries.
Office of Fair Trading
The Office of Fair Trading (OFT) was the UK government body responsible for administering competition policy from 1973 to 2014.