Business cycles

To understand multilateral relationships among phenomena as well as among micro and macro-variables, one needs a growing hyper-text connecting ideas.

Definitions of key words are here introduced, providing simple not-exhaustive explanations of terminology for beginners. By contrast, experts will find many innovative nuances.

Key concept: Advertising

Key concept: Balance of payments

Key concept: Competitor

Key concept: Costs

Key concept: Cumulative bundle

Key concept: Degree of difficulty

Key concept: Economic boom

Key concept: Economic depression

Key concept: Economic expansion

Key concept: Economic recession

Key concept: Employment

Key concept: Energy

Key concept: Exchange rate

Key concept: Feedback

Key concept: Foreign direct investment

Key concept: Imitation

Key concept: Inflation

Key concept: Innovation

Key concept: Insurance

Key concept: Microfinance

Key concept: Money

Key concept: Peak - the upper turn-around point in the business cycle

Key concept: Poverty

Key concept: Product differentiation

Key concept: Productivity

Key concept: Profits

Key concept: Repurchase

Key concept: Routines

Key concept: Savings

Key concept: Social groups

Key concept: Substitute goods

Key concept: Tax revenue

Key concept: Time (2019)

Key concept: Trade balance

Key concept: Trough - the lower turn-around point in the business cycle

Key concept: Unemployment

Key concept: Urban regeneration

Key concept: Wages

This list of keywords for economics and management is an entry point for beginners into the theory of how the economy works, in strict connection with data, models, and policies. But it is more than that: it provides new definitions for the foundations of evolutionary economics, breaking the barriers between microeconomics, macroeconomics and the other economic and managerial disciplines.