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David K.H. Begg, Gianluigi Vernasca-Economics-McGraw Hill Higher Education (2011)

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Index<br />

information - cont.<br />

quality 329-30<br />

risk and 275-304<br />

information overload, e-products<br />

298<br />

injection, circular flow 367-8<br />

innocent entry barriers 217<br />

innovation, economic growth 596-8<br />

inputs 144-5<br />

insiders, labour market 243-4<br />

institutional reform, inflation<br />

519-20<br />

insurance, risk 278-9<br />

interdependence, oligopoly 203-5<br />

interdependent decisions, game<br />

theory 206-8<br />

interest parity 561-2<br />

interest rate spread 424<br />

interest rates 255-61<br />

see also real interest rate<br />

1975-2010, UK 523<br />

Fisher hypothesis 504-5<br />

inflation 504-6<br />

monetary control 449-50<br />

mortgages 456-7<br />

nominal interest rate 259-60, 482<br />

real interest rate 259-62, 436-8,<br />

482<br />

transmission lag 456-7<br />

intermediate goods 365-6<br />

intermediate targets, monetary<br />

policy 452-3<br />

internal balance 562-4<br />

international business cycles 626-8<br />

international comparisons,<br />

macroeconomics 377-8<br />

international monetary system 659<br />

international trade 633-58<br />

see also globalization<br />

allowing 638-9<br />

capital-labour ratios 642-3<br />

commodity composition of trade<br />

636<br />

comparative advantage 637-43<br />

conflicts 644-5<br />

EU Single Market 652-3<br />

gainers/losers 644-5<br />

intra-industry trade 643-4<br />

less-developed countries (LDCs)<br />

635-7<br />

losers/gainers 644-5<br />

non-tariff barriers 652-3, 655-6<br />

tariffs 646-5 5<br />

trade patterns 634-7<br />

trade policies 646-56<br />

world trade patterns 634-7<br />

international value of the domestic<br />

currency 550<br />

intra-industry trade, international<br />

trade 643-4<br />

invention, economic growth 596-8<br />

inventories 125, 368<br />

see also stocks<br />

inventory investment 459-60<br />

investment<br />

see also portfolio selection; stock<br />

markets<br />

2009 crash 388-9<br />

accelerator model of investment<br />

618-21<br />

behavioural finance 293<br />

budget 406-7<br />

business cycles 618-21<br />

circular flow 366-8<br />

national income accounting<br />

366-8<br />

planned saving/planned<br />

investment 389-90<br />

portfolio selection 286-91<br />

real interest rate 261-2<br />

investment demand 385<br />

inventory investment 459-60<br />

investment in fixed capital 457-9<br />

transmission mechanism 457-60<br />

investment demand schedule 458-9<br />

investment spending, aggregate<br />

demand 385<br />

'invisible hand; markets 15<br />

involuntary unemployment 240, 533<br />

IOU money 422<br />

iPhone, price elasticity of demand<br />

(PED) 74<br />

Irish deflation 677-8<br />

IS-LM model, fiscal policy 465-73<br />

IS schedule, goods market<br />

equilibrium 465<br />

isoquants, labour market 250-2<br />

J<br />

Japan<br />

confidence 403-5<br />

fiscal policy 403-5<br />

K<br />

Keynesian model, macroeconomics<br />

480-1, 489<br />

Keynesian unemployment 532,<br />

534-5<br />

kinked demand curve, oligopoly<br />

205<br />

Kyoto Protocol, climate change<br />

economics 327<br />

L<br />

labour, economic growth 595<br />

labour-augmenting technical<br />

progress 601-2<br />

labour force 230, 360-2, 527-8<br />

labour market 223-49, 527-31<br />

see also unemployment<br />

demand for factors, long run<br />

224-6<br />

demand for labour, short run<br />

226-8<br />

discouraged workers 529<br />

economic rent 238-9<br />

efficiency wages 244<br />

flows and stocks 528-9<br />

higher education 239<br />

immigration effects 236<br />

industry demand curve 229<br />

industry labour market<br />

equilibrium 234-7<br />

insiders 243-4<br />

isoquants 250-2<br />

marginal product of labour<br />

(MPL) 226-8<br />

marginal revenue product of<br />

labour (MRPL) 236-7<br />

marginal value product of labour<br />

(MVPL) 226-8<br />

minimum wage agreements<br />

240-1<br />

monopsony power 236-7<br />

outsiders 243-4<br />

participation rates 231-4, 528<br />

scale economies 243<br />

stocks and flows 528-9<br />

supply of labour 230-4<br />

trade unions 241-3<br />

transfer earnings 238-9<br />

wage behaviour 489-90<br />

wages and employment 244-6<br />

wages discrimination 245-6<br />

708

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