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34 relations: Bounded rationality, Concave function, Demand, Economics, European Economic Review, George Akerlof, Greg Mankiw, Huw Dixon, Imperfect competition, Inflation, Janet Yellen, Journal of Political Economy, Macroeconomics, Menu, Monetary policy, Monopolistic competition, New Keynesian economics, Nobuhiro Kiyotaki, Nominal rigidity, Olivier Blanchard, Perfect competition, Price, Profit (economics), Quarterly Journal of Economics, Real versus nominal value (economics), Real wages, Robert Lucas Jr., Shoe leather cost, Supply (economics), Supply and demand, The American Economic Review, The Review of Economic Studies, Theory of the firm, Welfare.
Bounded rationality
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the tractability of the decision problem, the cognitive limitations of their minds, and the time available to make the decision.
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Concave function
In mathematics, a concave function is the negative of a convex function.
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Demand
In economics, demand is the quantities of a commodity or a service that people are willing and able to buy at various prices, over a given period of time.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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European Economic Review
The European Economic Review is a peer-reviewed academic journal that covers research in economics.
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George Akerlof
George Arthur Akerlof (born June 17, 1940) is an American economist who is a University Professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley.
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Greg Mankiw
Nicholas Gregory Mankiw (born February 3, 1958) is an American macroeconomist and the Robert M. Beren Professor of Economics at Harvard University.
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Huw Dixon
Huw David Dixon (/hju: devəd dɪksən/), born 1958, is a British economist. He has been a professor at Cardiff Business School since 2006, having previously been Head of Economics at the University of York (2003–2006) after being a Professor of economics there (1992–2003), and the University of Swansea (1991–1992), a Reader at Essex University (1987–1991) and a lecturer at Birkbeck College (University of London) 1983–1987.
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Imperfect competition
In economic theory, imperfect competition is a type of market structure showing some but not all features of competitive markets.
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Inflation
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
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Janet Yellen
Janet Louise Yellen (born August 13, 1946) is an American economist.
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Journal of Political Economy
The Journal of Political Economy is a bimonthly peer-reviewed academic journal published by the University of Chicago Press.
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Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
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Menu
In a restaurant, a menu is a list of food and beverage offered to the customer.
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Monetary policy
Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
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Monopolistic competition
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.
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New Keynesian economics
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics.
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Nobuhiro Kiyotaki
, FBA (born June 24, 1955) is a Japanese economist and professor at Princeton University especially known for proposing several models that provide deeper microeconomic foundations for macroeconomics, some of which play a prominent role in New Keynesian macroeconomics.
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Nominal rigidity
Nominal rigidity, also known as price-stickiness or wage-stickiness, describes a situation in which the nominal price is resistant to change.
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Olivier Blanchard
Olivier Jean Blanchard (born December 27, 1948) is a French economist, professor and Senior Fellow at the Peterson Institute for International Economics.
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Perfect competition
In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.
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Price
In ordinary usage, a price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.
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Profit (economics)
In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit.
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Quarterly Journal of Economics
The Quarterly Journal of Economics is a peer-reviewed academic journal published by the Oxford University Press.
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Real versus nominal value (economics)
In economics, a real value of a good or other entity has been adjusted for inflation, enabling comparison of quantities as if prices had not changed.
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Real wages
Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought.
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Robert Lucas Jr.
Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago.
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Shoe leather cost
Shoe leather cost refers to the cost of time and effort (or opportunity costs of time and effort) that people expend by holding less cash in order to reduce the inflation tax that they pay on cash holdings when there is high inflation.
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Supply (economics)
In economics, supply is the amount of something that firms, consumers, labourers, providers of financial assets, or other economic agents are willing to provide to the marketplace.
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Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market.
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The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics.
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The Review of Economic Studies
The Review of Economic Studies (also known as RESTUD) is a quarterly peer-reviewed academic journal covering economics.
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Theory of the firm
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market.
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Welfare
Welfare is a government support for the citizens and residents of society.
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References
[1] https://en.wikipedia.org/wiki/Menu_cost
