Chapter 1 Vocabulary
The list of terms below includes most of the key vocabulary and concepts in Chapter 1. I have provided hyperlinks to Investopedia's definitions of the terms. As you can well imagine, Investopedia is a resource that I recommend highly. I use it myself when looking for concise defintions. Additional financial dictionaries can be found on the main page of The Virtual Aufbaustufe 2 -- look under "Useful Links".
I will not be providing a similar list for the remaining chapters in the course. You will have to compile your own or work together with classmates. Whatever you choose to do, strong command of the vocabulary is key to doing well on the exam and ensuring that your are well prepared for next semester's course, Hauptstufe 1.1.
And now the vocabulary list:
Balance of Payments
Boom
Capital goods
Central bank
Competitive edge / competitive advantage
Cost-push inflation
Cyclical unemployment
Deficit spending
Deflation
Demand-pull inflation
Depression
Durables
Economic growth
Federal Reserve
Fiscal policy
Frictional unemployment
Full employment
Gross domestic product
Human capital
Inflation
John Maynard Keynes
Keynesian economics
Margin
Monetary policy
Money supply
Productivity
Skilled labor
Slump
Stagflation
Stagnation
Structural unemployment
Supply-side theory
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