Glossary

Business Economics

Accelerator Theory
Aggregate Demand
Aggregate Supply
Asymmetric information
Average Total Cost Curve
Balance of payments
Balanced Budget
Central Bank
Central Economic Problem
Circular Flow of Funds
Command Economy
Comparative Advantage
Competition policies
Complements
Conditions of Demand
Conditions of Supply
Consumption
Cost Push Inflation
Credit Multiplier
Currency Deflation
Current Account
Customs Union
Cyclical Unemployment
Demand curve
Demand Pull Inflation
Demand Side Policy
Demerit Goods
Deregulation
Dirty Rate
Duopoly
Economic risk
Elasticity of demand
Exchange Rates
Expectations Effect
External Economies of Scale
Externalities
Factor Market
Factors of Production
Financial crowding out
Financial Markets
Fiscal policy
Fischer effect
Fixed Rate
Floating Rate
Free Trade Area
Frictional Unemployment
GATT
GDP
Giffen Good
GNP
IMF
Import duties
Inflation
Injections
Interest rate parity theory
Internal Economies of Scale
Invisible Trade
Keynesian economics
Law of demand
Law of Diminishing Returns
Leakages
Long Run
M0
M4
Macroeconomic policies
Marginal Propensity to Consume
Marginal Propensity to Consume
Marginal Propensity to Save.
Market
Market Economy
Market Failure
Market Structure
Maturity Transformation
Merit Goods
Microeconomic policy
Mixed Economy
Monetarism
Monetary Policy
Money Supply
Monopolistic Competition
Monopoly
Multiplier Theory
Nationalisation
Net Natinoal Product (NNP)
Normal profit
Oligopoly
Perfect Competition
Perpetuity
Principal-Agent Problem
Privatisation
Productive Efficiency
Protectionism
PSBR
Public Goods
Public Sector
Purchasing power parity theory (PPPT)
Real and Nominal Interest Rates
Real Wage Unemployment
Recession
Seasonal Unemployment
Short Run
Structural Deficit
Structural Unemployment
Substitutes
Supernormal Profit
Supply Side Policy
Supply-side economics
Trade Barriers
Trade Cycle
Trading Bloc
Unemployment
Visible Trade
World Bank
X-inefficiency

Financial accounting

Financial Management

AIM
Annuity
Arbitrage
Asset stripping
Beta Factor
Bill of Exchange
Bonds
Capital Markets
Cash Operating Cycle
Cash transaction
Certificate of Deposit
Convertible bonds
Credit control
Credit period
Debentures
Dividend Policy
Dividend yield
Economic order quantity(EOQ)
Efficient Market Hypothesis (EMH)
Eurobonds
Eurocredit
Eurocurrency
Financial Institutions
Financial Intermediaries
Financial leverage
Financial manager
Financial objectives
Financial strategy
Foreign currency derivatives
Foreign exchange market
Forward exchange contracts
Forward rate agreements (FRA)
Interest rate guarantees (IRG)
Internal Rate of Return (IRR)
International Capital Market
Investment Decision
Lease Finance
Leverage
Liquidity
Money market hedge
Money Markets
Mortgage
Netting
Non-business risk
Objectives
Overdraft
Overstocking
Overtrading
Payback period
Pecking order
Placing
Preference shares
Present Value
Primary market
Rights issue
Secondary Market
Shareholder Wealth Maximisation
Short term loans
Spot market
Systematic Risk
Trade Credit
Transaction risk
Translation risk
Underwriting
Unsystematic risk
Venture capital
Weak form efficiency
Weighted average cost of capital (WACC)
Working Capital
Yield
Yield Curve

Financial Reporting

Management Accounting

Abnormal gain
Abnormal loss
Absorbed cost
Absorption costing
Activity based cost (ABC)
Activity cost drivers
Actual cost
Appraisal cost
AVCO (average cost)
Batch Costing
Break-even point
Budget Deficit
Budget processes
Budget variance
Cash budget
Cash flow statement
Contribution
Control
Conversion cost
Cost accounting
Cost centre
Cost object
Cost tracing
Direct cost
FIFO (first in, first out)
High low method
Incremental budgeting
Indirect cost
Inventory control
Investment centre
Irrelevant cost
Job costing
Just in time
Labour cost
Lead time
Learning curve
LIFO (last in, first out)
Market based cost
Master budgets
NIFO (Next in, First out)
Normal loss
Opportunity Cost
Period cost
Prevention cost
Prime cost
Product cost
Product mix
Profit centre
Relevant cost and revenues
Semi variable cost
Target costing
Transfer pricing
Variance analysis
Work in progress (WIP)
Zero based budgeting

Performance Management

Risk and Control

Strategic Management

Ansoff matrix
Bargaining Power of Buyers
Bargaining Power of Suppliers
Benchmarking
Boston Matrix
Bureaucratic structure
Business unit strategy
Buyer power
Change management
Competitive Advantage
Competitor analysis
Conglomerate differentiation
Conglomerate diversification
Contingency theory
Core competencies
Corporate strategy
Diversification
Divisional Structure
Downsizing
Emergent strategy
Functional strategy
Functional Structure
Horizontal diversification
Industry competitiveness
Management control
Markdown
Market development strategy
Market leader
Market penetration strategy
Market segmentation
Marketing mix
Marketing plan
Mendelow's Matrix
Off-shoring
Outsourcing
PESTLE analysis
Planning gap
Porter's Five Forces
Priority matrix
Product development strategy
Product life cycle
Refreezing
Retrenchment
SPACE analysis
Stakeholder
Stakeholder analysis
Stakeholders
Strategic management
Threat of entry
Threat of Substitutes
Total quality management (TQM)
Transformational change
Value chain
Vision statement