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🛒Principles of Microeconomics
Key Terms

571 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 Poverty
Actuarial Science
Ad Valorem
Adam Smith
Adjustable-Rate Mortgages
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 Laws
Asset Allocation
Assimilation
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
Becker's Taste-Based Discrimination Model
Behavioral Remedies
Bertrand model
Black Market
Bond Yields
Border Control
Brain Drain
Brand Loyalty
Break-Even Point
Budget Constraint Line

C

Campaign Finance
Carbon Footprint
Ceteris Paribus
Circular Economy
Circular Flow Model
Claims Adjustment
Clayton Act
Clean Air Act
Clean Technology
Clean Water Act
Closed Shop
Club Goods
Coase Theorem
Cobb-Douglas Production Function
Collateralized Debt Obligations
Collective Action
Collective Bargaining
Commodity Products
Common Markets