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economic_glossary

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economic_glossary [2019/11/06 01:53]
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economic_glossary [2020/02/05 10:32]
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 ====== A honest glossary of some Economics terminology ====== ====== A honest glossary of some Economics terminology ======
  
 +
 +  * "**//Agent Based Models//**": flexible economic models that can replicate actual economic phenomena, and much more
   * "**//behavioral economics//**": the study of the economy as if it was a human activity   * "**//behavioral economics//**": the study of the economy as if it was a human activity
   * "**//correlation//**": different from causal effect, but strongly correlated with it   * "**//correlation//**": different from causal effect, but strongly correlated with it
   * "**//development economics//**": the subfield of economics which makes researchers feel rich (cf.: "**//finance//**")   * "**//development economics//**": the subfield of economics which makes researchers feel rich (cf.: "**//finance//**")
 +  * "**//DSGE//**": complicated, oversimplified models of an economy
   * "**//econometrics//**": the art of using data to advance our understanding of economics (cf: "**//hardcore econometrics//**")   * "**//econometrics//**": the art of using data to advance our understanding of economics (cf: "**//hardcore econometrics//**")
-  * "**//econophysics//**": beautiful explanations of social phenomena without the inconvenience of first having to understanding them+  * "**//econophysics//**": beautiful explanations of social phenomena without the inconvenience of having to understand them
   * "**//equilibrium//**": something we take as given because waiting for it would take infinite time   * "**//equilibrium//**": something we take as given because waiting for it would take infinite time
   * "**//exogenous//**": used both as a synonym of "independent variable", and to refer to that quality independent variables typically lack   * "**//exogenous//**": used both as a synonym of "independent variable", and to refer to that quality independent variables typically lack
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   * "**//homo oeconomicus//**": something other people believe in (see also: "**//mainstream//**")   * "**//homo oeconomicus//**": something other people believe in (see also: "**//mainstream//**")
   * "**//instrumental variable//**": something you need to defend strenously if it's not worth much   * "**//instrumental variable//**": something you need to defend strenously if it's not worth much
-  * "**//laissez-faire//**": a term that sounds far more elegant than "anarchy"+  * "**//laissez-faire//**": French origin, hence sounding far more elegant than "anarchy"
   * "**//macroeconomics//**": the only real economics   * "**//macroeconomics//**": the only real economics
   * "**//mainstream//**": colleagues who never cite my papers   * "**//mainstream//**": colleagues who never cite my papers
economic_glossary.txt · Ultima modifica: 2020/09/07 15:56 da pietro