25 economic terms you should know

If you want to expand your knowledge of economics, both to prepare for an exam, to learn more about the field in general, and to improve your grades, you must familiarize yourself with the most common economics terms .

There are many terms in economics, such as:

• Bullish and bearish market.
• Keynesian economics.
• Price elasticity of demand.
• Inflation, deflation and stagflation.

Due to the amount of terminology, it can be a difficult subject to understand if you are not  familiar  with the lexicon. Although studying economics may seem a bit difficult at first, surely by learning new terms on a regular basis, you will be able to confidently use those concepts on your next essay or exam.

Thus, it is best to  take it easy  and try to familiarize yourself with one or two key terms a week, moving forward when you feel comfortable with the use of the term and what it means. You could even divide your learning into sections, analyzing macroeconomic terms one week and microeconomic terms the next.

If you need help learning key economic terms or if you would like to learn even more about  the economic lexicon, you can also hire a Superprof tutor to guide you through the most common economic terms.

Superprof offers face-to-face and online classes, individual or in groups, so it is very easy to find a good teacher and  start learning as soon as possible.