An explanation of the economic principle of diminishing marginal product, where the addition of successive extra units of an input yields smaller increases in output.
A situation where a monopolist sells different units of output at different prices, employing various degrees of price discrimination to maximize profit.
A measure of how far the exchange rates of currencies of members of the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) diverged from their agreed central parities with the European Currency Unit (ECU).
The increase in the money supply within an economy, not due to a balance-of-payments surplus but owing to lending by the banking system to the state or private sector.
Exploring the double-dividend hypothesis, which argues that environmental taxes can simultaneously reduce negative externalities and provide fiscal benefits.
An exploration of various types of duties including anti-dumping duty, countervailing duty, customs duty, death duties, estate duty, excise duty, and stamp duty.
A critical error in interpreting statistical data where associations observed at the aggregate or group level are incorrectly assumed to occur at the individual level.
An exploration into the concept of economic shock, a term describing unexpected events that impact the economy, differentiating between permanent and transitory shocks.
An examination process assessing organizational efficiency, implemented either internally for profitability improvement or externally by regulatory bodies.
The theory that where assets are traded in organized markets, prices take account of all available information, making it impossible to predict future price movements.