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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.

Last updated 8:38 PM on 6/3/26
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23 Terms

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economics which is relatively scientific and focuses on value-free descriptions and predictions about economic relationships

positive economics

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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

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sustained increase in the overall productive capacity of an economy over time

economic growth

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situation of no inflation or deflation in the economy

price stability

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branch of economics concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles

econometrics

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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

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branch of economics concerned with the effects upon economic activity of international differences in productive resources and consumer preferences and the institutions

international economics

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branch of economics that studies how the individual parts of the economy, the household and the firms, make decisions to allocate limited resources

microeconomics

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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

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the collection, analysis and interpretation of numerical data

statistics

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branch of economics that seeks to understand the functioning and dynamics of the market for labour

labour economics

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branch of economics that studies the location, distribution and spatial organisation of economic activities across the world

economic geography

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branch of economics that applies microeconomic analysis to decision methods of businesses or other management units

managerial economics

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branch of economics that uses social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions

behavioral economics

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branch of economics that attempts to establish rules for possible sustainable economies with finite resources

ecological economics

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branch of economics that studies urban spatial structure and the location of households and firms

urban economics

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line connecting points

line graph

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circle divided into slices

pie chart

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chart with rectangular bars with lengths proportional to the values they represent

bar chart/bar graph

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style of bar chart used primarily to describe price movements of a security, derivative or currency over time

candlestick chart

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graphical display of tabular frequencies, as adjacent rectangles

histogram

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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

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variation of the bar chart, with symbols or pictures used to represent data instead of bars

pictogram/pictograph