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| <item>Italiano||italiano|icone:italiano.png?100</item> |
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====== A honest glossary of some Economics terminology ====== | ====== A honest glossary of some Economics terminology ====== |
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* "**//Agent Based Models//*"": flexible economic models that can replicate real economic phenomena, and much more | |
| * "**//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 |
| * "**//causality//**": a claim many papers allude to and some even have support for |
* "**//correlation//**": different from causal effect, but strongly correlated with it | * "**//correlation//**": different from causal effect, but strongly correlated with it |
| * "**//degrowth//**": politically unsustainable sustainability |
* "**//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 | * "**//DSGE//**": complicated, oversimplified models of an economy |
* "**//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 |
* "**//finance//**": a sector that according to pretty reasonable arguments should work fine and not make people very rich | * "**//finance//**": a sector that according to pretty reasonable arguments should work reliably and not make anybody very rich |
* "**//game theory//**": the science of finding vaguely plausible real world occurrencies of very cool mathematical phenomena | * "**//game theory//**": the science of finding vaguely plausible real world occurrencies of very cool mathematical phenomena |
* "**//gender economics//**": the subfield of Economics with reversed gender imbalances | * "**//gender economics//**": the subfield of Economics with reversed gender imbalances |
| * "**//Granger causality//**": the simplest way to introduce the word "causality" in your paper |
* "**//GDP//**": does not mean anything, the most obvious proxy of everything | * "**//GDP//**": does not mean anything, the most obvious proxy of everything |
* "**//hardcore econometrics//**": the art of using data to advance our understanding of econometrics (cf: "**//econometrics//**") | * "**//hardcore econometrics//**": the art of using data to advance our understanding of econometrics (cf: "**//econometrics//**") |
* "**//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//**": loanword from French, 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 |
* "**//model//**": a description of how the world should be in order for economists to understand it | * "**//model//**": a description of how the world should be in order for economists to understand it |
* "**//money//**": a good that has no other use | * "**//money//**": a good that has no other use |
* "**//natural disaster//**": a terrible thing, if you are not an economist (see also: "//**instrumental variable**//") | * "**//natural disaster//**": a terrible thing, if you are not an applied economist (see also: "//**instrumental variable**//") |
* "**//resilient//**": unexpectedly surviving our inability to protect it | * "**//resilient//**": unexpectedly surviving our inability to protect it |
* "**//returns to scale//**": typically positive, unless you're talking to economics undergraduate students | * "**//returns to scale//**": typically positive, unless you're talking to economics undergraduate students |