Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

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IS Curve
The IS curve depicts combinations of interest rates and national income where ex ante savings and investment are equal, reflecting product market equilibrium in Keynesian economics.
IS–LM model: Definition and Meaning
The IS–LM model is a foundational concept in Keynesian economics, representing equilibrium in the commodity and money markets to analyze the effects of various economic policies.
Islamic Banking - Definition and Meaning
A comprehensive overview of Islamic banking, a system of banking that aligns with Islamic law which prohibits usury and typically operates using profit-sharing arrangements.
Isocost Curve
In a model with two factor inputs in production, a curve showing the combinations of inputs that have constant market cost.
Isoquant
A detailed explanation of the isoquant curve in economics, illustrating its meaning, historical context, and major analytical frameworks.
Issue
The amount of shares or stock available, or the amount of banknotes in circulation.
Issued Capital
The portion of a firm's authorized capital that has been issued to shareholders.
J-Curve
A model illustrating the delayed effects of devaluation on a country's balance of trade.
J-test
A test of overidentifying restrictions in the generalized method of moments (GMM) model
Job - Definition and Meaning
An exploration of the term 'job' in the context of economics, including its implications and relevance in labor markets.
Job Acceptance Schedule
The set of characteristics of jobs that workers engaged in job search are willing to accept.
Job Quits
Examination of the concept of job quits, including its definition and broader economic implications.