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A comprehensive set of vocabulary flashcards based on the Skripte EKOF 2025/26 study material, focusing on branches of economics and data visualization tools.
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economics which is relatively scientific and focuses on value-free descriptions and predictions about economic relationships
positive economics
goal of government's attempts to prevent adverse swings of inflation rates, interest rates, unemployment rates and economic growth rates over time in the economy
economic stabilization
sustained increase in the overall productive capacity of an economy over time
economic growth
situation of no inflation or deflation in the economy
price stability
branch of economics concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles
econometrics
branch of economics that deals with the larger aspects of a nation's economy, such as the sectors of agriculture, industry or service; analysis of the behaviour of an economy as a whole
macroeconomics
branch of economics concerned with the effects upon economic activity of international differences in productive resources and consumer preferences and the institutions
international economics
branch of economics that studies how the individual parts of the economy, the household and the firms, make decisions to allocate limited resources
microeconomics
the art of recording, classifying, and summarising in a significant manner and in terms of money, transactions and events which are of financial character
accounting
the collection, analysis and interpretation of numerical data
statistics
branch of economics that seeks to understand the functioning and dynamics of the market for labour
labour economics
branch of economics that studies the location, distribution and spatial organisation of economic activities across the world
economic geography
branch of economics that applies microeconomic analysis to decision methods of businesses or other management units
managerial economics
branch of economics that uses social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions
behavioral economics
branch of economics that attempts to establish rules for possible sustainable economies with finite resources
ecological economics
branch of economics that studies urban spatial structure and the location of households and firms
urban economics
line connecting points
line graph
circle divided into slices
pie chart
chart with rectangular bars with lengths proportional to the values they represent
bar chart/bar graph
style of bar chart used primarily to describe price movements of a security, derivative or currency over time
candlestick chart
graphical display of tabular frequencies, as adjacent rectangles
histogram
type of diagram that represents an algorithm or process, showing the steps as boxes of various kinds, and their order by connecting these with arrows
flowchart
variation of the bar chart, with symbols or pictures used to represent data instead of bars
pictogram/pictograph