This authoritative and comprehensive dictionary contains clear, concise definitions of approximately 3,500 key economic terms. Covering all aspects of economics including economic theory and policy, applied microeconomics and macroeconomics, labour economics, public economics and public finance, monetary economics, and environmental economics, this is the essential reference work in this area. The new edition of this dictionary has been updated to include entries on China, India, and South America, to reflect the increase in prominence of these regions in the global economy. There is strong coverage of international trade and many entries on economic organizations and institutions from around the world. Fully revised to keep up to date with this fast-moving field, this new edition expands the coverage to include entries such as austerity measures, General Anti Abuse Rule, propensity score matching, and shadow bank. Entries are supplemented by entry-level web links, which are listed and regularly updated on a companion website, giving the reader the opportunity to explore further the areas covered in the dictionary.