economics terms

Consumption Function

A consumption function emphasizes the relationship between consumption and income.  A more general demand for consumption goods might also focus on other factors like the price of goods.  The difference is mostly a matter of emphasis.


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Classic Economic Models

Economics Terms

Average Cost
Budget Constraint
Call Option
Concave Function
Consumer Surplus
Consumption Function
Convex Function
Deadweight Loss
Demand Curve
Econometrics
Economic Agent
Economic Model
Economics
Economics Textbook
Elasticity
Endogenous
Exogenous
Equilibrium
Exchange Rate
Exogenous
Federal Funds (Fed Funds) Rate
Fixed Exchange Rate
Floating Exchange Rate
Frictional Unemployment
Gross Domestic Product (GDP)
Income Effect
Income Elasticity
Indifference Curve
Interest Rate
Jensen's Inequality
Macroeconomics
Marginal Cost
Marginal Product
Marginal Utility
Microeconomics
Monopoly
Optimizing Behavior
Perfect Competition
Phillips Curve
Price Elasticity
Producer Surplus
Production Function
Production Possibility Frontier
Put Option
Recession
Reservation Wage Rate
Risk Aversion
Structural Unemployment
Substitution Effect
Supply Curve
Technological Growth
Theory of the Consumer
Theory of the Firm
Unemployment Rate
Utility Function
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