Economics curves Economics curves A Beveridge curve is a graphical representation of the relationship between unemployment and number of job vacancies. It has vacancies on the vertical axis and unemployment on the horizontal, it slopes downwards as a higher rate of unemployment normally occurs with a lower rate of vacancies. If it moves outwards over time, then a given level of vacancies would be associated with higher and higher levels of unemployment, which would imply decreasing efficiency in the labour market. Inefficient labour markets are due to mismatches between available jobs and the unemployed and an immobile labour force. ...more on Wikipedia about "Beveridge curve"
In economics, the compensated demand curve that shows how the substitution effect influences the number of units of a good the consumer will purchase. ...more on Wikipedia about "Compensated demand curve"
In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production, where they make the most profits. There are a few different types of cost curves, each relevant to a different area of economics. ...more on Wikipedia about "Cost curve"
In economics, the demand curve can be defined as the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. ...more on Wikipedia about "Demand curve"
The Hubbert curve, named after the geophysicist M. King Hubbert, is the derivative of the logistic function. ...more on Wikipedia about "Hubbert curve"
Simon Kuznets's ( 1901 - 1985) theory that inequality increases over time, then at a critical point begins to decrease. One theory as to why this happens, in early stages of development, when investment in physical capital is the main mechanism of economic growth, inequality encourages growth by allocating resources towards those who save and invest the most. Whereas in mature economies human capital accrual, or an estimate of cost that has been incurred but not yet paid, takes the place of physical capital accrual as the main source of growth, and inequality slows growth by lowering education standards because poor people lack finance for their education in imperfect credit markets. Kuznets curve diagrams show an inverted U curve, although variables along the axes are often mixed and matched, with inequality or the Gini coefficent on the Y axis and economic development, time or per capita incomes on the X axis. ...more on Wikipedia about "Kuznets curve"
The Lorenz curve was developed by Max O. Lorenz in 1905 as a graphical representation of income distribution. It portrays observed income distributions and compares this to a state of perfect income equality. It can also be used to measure distribution of assets. Some doctrines (e.g. socialism) consider it to be a graphical representation of social inequality as well as income inequality. ...more on Wikipedia about "Lorenz curve"
In macro economics, the Phillips curve (PC) is a supposed inverse relationship between inflation and unemployment. ...more on Wikipedia about "Phillips curve"
In finance, the yield curve or the term structure of interest rates is the relationship between the cost of borrowing for a certain institution in a certain currency and the amount of time the money is being borrowed for. ...more on Wikipedia about "Yield curve"
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