CZ:Economics Workgroup

Workgroups are no longer used for group communications, but they still are used to group articles into fields of interest. Each article is assigned to 1-3 Workgroups via the article's Metadata.

Economics Workgroup
Economics article	All articles (361)	To Approve (0)	Editors: active (0) / inactive (13) and Authors: active (172) / inactive (0)	Workgroup Discussion
	Recent changes	Citable Articles (12)
		Subgroups (5)

Checklist-generated categories: Underlinked (130) Cat Check (130) Cleanup (0) Subpage categories: Definitions (354) Related Articles (304 to check 103) Bibliography (125) External Links (96) Gallery (2) Video (1)

Missing subpage categories: Definitions (6) Related Articles (5) Bibliography (4) External Links (5) Article statuses: 50 Developed (status=1) 163 Developing (status=2) 132 Stub (status=3) 3 External (status=4) 62 Advanced (status 0-1) 225 Nonstub (status 0-2) 357 Internal (status 0-3)

(The previous contents of the CZ:Economics Workgroup page, covering the years 2007 thru 2011, is archived with the talk page contents [1]).

If you are an economist - or a budding economist - who is considering making a contribution to Citizendium, this is a good place to start. It is also the place where economists and others can make comments and suggestions about the style and content of the economics articles.

The problem

J M Keynes touched on the problem of writing economics articles for an encyclopedia when he wrote "economics is a difficult and technical subject, but nobody will believe it". Unlike say, archeology, economics has an impact upon people's lives. They have to take some interest in economics because it affects so many of their choices. So there is a popular demand for simple explanations of this difficult and technical subject. The problem is how to meet that demand while, at the same time, meeting the demand of economics students and practitoners for a professional treatment of the subject.

The articles

Citizendium's "subpages" setup provides a ready-made solution to that problem by facilitating the adoption of a "parallel processing" format. The thinking behind the economics article format embodies the observation that there are a lot of well-educated people who are no longer comfortable with the use of charts equations and statistics (if they ever were), because do not have to deal with them in their day-to-day lives. The main pages are for them, and as well as avoiding charts and equations, those pages avoid closely-reasoned arguments and the use of economics jargon other than words and expressions that are in colloqual use. The "tutorials" subpages are for students and practioners of economics, and contain the sort of material that is to be found in economics textbooks, and the "addendum" subpages are both for them, and for people other than economists, who are familiar with the use of graphs, and statistics.

In addition to articles on individual topics, such as macroeconomics and taxation, there are articles on connected sequences of events, such as Great Depression and Sovereign default. The use of the "Timelines" subpages enables the additional dimension in such articles to be dealt with without disrupting the main page. The main page is then free to deal with the topic under a set of subject headings such as "monetary policy", "fiscal policy" etc, without interruptions to avoid temporal overlaps. Disruption of subject paragraphs by the intrusion of a geographical dimension can be avoided by dealing with it in country-by-country paragraphs on the Addendum subpage. Wikilinks can be used to make connections between paragraphs on the main page and those on the subpages.

Your contribution

The existing coverage of economics is less comprehensive than might appear, and there is room for improvement in many of the existing articles. Here are some suggestions for your consideration:

• health economics.
• transport economics.
• energy economics.
• development economics.
• economics of (you name it)
• economic history of (country).
• economic history of (industry, product, sport, etc).
• profile of an eminent economist.
• more on neuroeconomics and behavioural economics
• evidence from experimental psychology that bears on the limitations of the assumption of rationality in economics.
• the addition of wikipedia-style graphics to selected articles.
• something on Islamic finance.
• econometrics.
• theory of the firm.
• forecasting models
• state capitalism[2]

Making a start

CZ:How to edit an article tells you how to get started on an article.

Core articles

Click here to edit this transcluded list (remove once started)

High priority Business economics: Add brief definition or description Theory of the firm: Add brief definition or description Lower priority Austrian School: Add brief definition or description Budget deficit: the excess of a government's expenditures over its receipts. See also cyclically-adjusted budget deficit [e] Economies of scale: The factors that cause the cost of production of a product to fall as output of the product is increased. [e] Endogenous growth: Add brief definition or description Externalities: Add brief definition or description General equilibrium: A hypothetical state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see Equilibrium and disequilibrium). [e] Monetary economics: Add brief definition or description Neolassical economics: Add brief definition or description Rational expectations: Add brief definition or description Surplus: Add brief definition or description Monopoly (economics): Add brief definition or description Externality: A cost of production that is not borne by the producer, or a benefit that the producer does not receive. [e] Econometrics: The use of mathematical techniques to derive economic relationships from economic statistics. [e]

Lowest priority Economic history: Add brief definition or description Economic models: Add brief definition or description Precautionary principle: A policy of avoiding actions that have unknown consequences (variously interpreted). [e] Sustainability: An environmental concept about balancing the economic needs of current and future generations, given finite resources. [e] Public choice: Add brief definition or description Nash equilibrium: A situation in game theory in which no player can improve his position, given the responses of the other players. [e] Cardinal utility: Add brief definition or description Ordinal utility: Add brief definition or description Coase theorem: Add brief definition or description Informal economy: Add brief definition or description

Articles

Click on the [r] after the first definition below to edit this list of transcluded subtopics.

• Economics [r]: Add brief definition or description

See also the taxonomic index

(t) denotes a table

A

adverse selection - agency problem - antitrust - applied statistics - Arrow-Debreu theorems - arbitrage - arbitrage pricing theory - Asian banking crisis - asset price bubble - auctioneer, Walrasian

B

- baby-sitting crisis - balanced budget amendment - Balassa-Samuelson effect - banking - bank failures and rescues - Bank of England - Bank for International Settlements - Basel Committee for Banking Supervision - Basel I - Basel II - beta - Black-Scholes model - bond - book value - bubble - budget deficit.

C

capital - Capital Asset Pricing Model - circular flow of income - Cobb-Douglas function - commodity prices 2007-2010 (t) - consumer's surplus - clearing house - collaterised mortgage obligation - comparative advantage - competition - competition policy - complex interactive system - consumption function - contagion - contingent claims analysis - cost-benefit analysis - crash of 1929 - crash of 2008 - creative destruction - credit crunch - credit rating agency - credit risk - credit risk transfer - cross elasticity of demand

D

deflation - debt - debt trap - default - derivative - Diamond-Dybvig model - diminishing returns - discounted cash flow - discount rate - disequilibrium - distributive efficiency - dividend discount model - division of labour

E

econometrics - economic efficiency - economic philosophy - economic statistics - economies of scale - efficient market hypothesis - elasticity - employment - endogenous|growth - equilibrium - eurobond - eurozone - eurozone crisis - European Central Bank - exchange rate - exclusive dealing - existence theorem - expectations - experimental economics - externalities

(RETURN)

F

factors of production - factor price equalisation - Fannie Mae - Federal Deposit Insurance Corporation (a) - Federal Reserve System - financial instability hypothesis - financial economics - financial system- fiscal dilemma - fiscal drag - fiscal multiplier - fiscal policy - fiscal sustainability - fiscal stimulus - fiscal stimulus packages 2008 - 2010 (t) - floating exchange rate - forecasting models - foreign direct investment - foreign exchange market - frictional unemployment - Frank Ramsey - Freddy Mac - frictional unemployment - futures

G

general equilibrium - Giffen good - globalisation - gold standard - Government Sponsored Enterprises - Great Depression - Great Depression in the United States - Great Recession - gross domestic product - gross national product - growth rates 2007 - 2009 (t) - G20 summit

H,I

Hecksher/Ohlin - hedge fund - herding - History of economic thought - human capital - Human Development Index

impossibility theorem - income effect - incomplete contract - increasing returns - indexation - microeconomics--indifference curve - infant industry - inflation - instrumentalism - intergenerational transfers - internal rate of return - international finance - International Monetary Fund - international trade - intentional stance - interest - IS-LM model

(RETURN)

J,K,L

Jackson Hole consensus - Kaldor-Hicks efficiency - Keynes - Keynesians - Keynesian theory

labour - labour market - land - Laspeyres index - learning curve - leverage - LIBOR-OIS spreads 2007- 2009 (t) - liquidationism - liquidity trap

M

macroeconomics - macroprudential financial policy - marginal cost/revenue - marginal propensity to consume - market - market power - market risk - Markowitz - Marshall - Marx - mercantilism - mergers - microfinance - migration - Minsky - monetarism - monetary policy - money - money market - money supply - moral hazard - mortgage - multiplier effect

(RETURN)

N,O

NAIRU (natural rate of unemployment) - national debt - national income - New Deal - normative economics - net present value

Okun's law - open market operations - opportunity cost - optimal taxation - option - optimum currency area - output gap - outsourcing

P,Q

Paasche index - Pareto efficiency - philosophy of economics - Phillips curve - portfolio insurance - predatory pricing - price collusion - price index - prisoner's dilemma - production function - production possibility frontier - productive efficiency - public choice theory - public debt - public expenditure - public goods - purchasing power parity - quality bias - quantitative easing - quantity theory of money - quotas

(RETURN)

R

Ramsey equation - rational expectations - real bills doctrine - recapitalisation - recession - recession of 2009 - rent - rent-seeking - required rate of return - reserve ratio - restructure - returns to scale - Ricardo - risk management - risk premium - Robinson-Patman Act - rule of reason - run (banking)

S

scale economies - Scandinavian banking crises - seasonal correction - second best theory - securitisation - separation theorem - shadow banking system - Sherman Act - shock (economics) - Smoot-Hawley Tariff - social capital - social choice theory - social opportunity cost rate - social time preference discount rate - sovereign default - sovereign spreads 2008-2010(t) - spending multiplier - spread - stability and growth pact - Stern review of the economics of climate change - Stolper/Samuelson theorem - structured finance - subprime mortgage crisis - substitution effect - supply and demand - sustainability (fiscal) - swaps - systemic crisis

(RETURN)

T

tariffs - taxation - tax wedge - Taylor rule - Tobin tax - terms of trade - time preference

U,V,W,X,Y,Z

unanimity rule - unemployment - unemployment rates 2007 - 2009 (t) - utility - Veblen good - Walras' law - Washington Consensus - world trade 2008 - 2009 (t) - welfare economics - Wieser's Law - World Bank