Pietro Battiston

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====== A honest glossary of some Economics terminology ======


  * "**//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
  * "**//causality//**": a claim many papers allude to and some even have support for
  * "**//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//**")
  * "**//DSGE//**": complicated, oversimplified models of an economy
  * "**//econometrics//**": the art of using data to advance our understanding of economics (cf: "**//hardcore econometrics//**")
  * "**//econophysics//**": beautiful explanations of social phenomena without the inconvenience of having to understand them
  * "**//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
  * "**//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
  * "**//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
  * "**//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//**")
  * "**//instrumental variable//**": something you need to defend strenously if it's not worth much
  * "**//laissez-faire//**": loanword from French, hence sounding far more elegant than "anarchy"
  * "**//macroeconomics//**": the only real economics
  * "**//mainstream//**": colleagues who never cite my papers
  * "**//microeconomics//**": the only economics which is real
  * "**//model//**": a description of how the world should be in order for economists to understand it
  * "**//money//**": a good that has no other use
  * "**//natural disaster//**": a terrible thing, if you are not an applied economist (see also: "//**instrumental variable**//")
  * "**//resilient//**": unexpectedly surviving our inability to protect it
  * "**//returns to scale//**": typically positive, unless you're talking to economics undergraduate students
  * "**//shareholder//**": ultimate responsible of bad thing a firm does, with the (possible) exception of bad things it does to its shareholders
  * "**//stakeholder//**": someone who has interest in something but has no rights, power, and typically merits over it (cf.: **//shareholder//**).
  * "**//statistical significance//**": something that published papers eventually end up reaching