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🛒Principles of Microeconomics
Key Terms

972 essential vocabulary terms and definitions to know for your Principles of Microeconomics exam

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80/20 Ratio
90/10 Ratio

A

Abatement Costs
Absentee Voting
Absolute Advantage
Absolute Poverty
Accounting Profit
Accounting Profits
Actuarial Science
Ad Valorem
Adam Smith
Adjustable-Rate Mortgages
Adverse Selection
AFDC
Affirmative Action
Affordable Care Act
Age Discrimination in Employment Act
Agenda Control
Aggregate Demand
Aid to Families with Dependent Children
Airline Deregulation Act
Akerlof's Model
Alfred Marshall
Allocative Efficiency
Allocative Inefficiency
Americans with Disabilities Act
Anchoring
Anti-Dumping Measures
Antitrust
Antitrust Laws
Asset Allocation
Assimilation
Asymmetric Information
Autarky
Automatic Voter Registration
Availability of Substitutes
Average Cost
Average Fixed Cost (AFC)
Average Fixed Cost (AFC) Curve
Average Product
Average Production Costs
Average Profit
Average Revenue
Average Total Cost
Average Total Cost (ATC)
Average Total Cost (ATC) Curve
Average Variable Cost
Average Variable Cost (AVC)
Average Variable Cost (AVC) Curve
Averch-Johnson Effect

B

Balance of Payments
Balance of Trade
Ballot Access
Bargaining Power
Barriers to Entry
Becker's Taste-Based Discrimination Model
Behavioral Economics
Behavioral Remedies
Bertrand model
Bilateral Monopoly
Biodiversity
Black Market
Bond Yields
Bonds
Border Control
Borrowers
Borrowing
Bounded Rationality
Brain Drain
Brand Loyalty
Break-Even Point
Budget Constraint
Budget Constraint Line
Budget Constraints
Budget Line