Computational economicsComputational Economics is an interdisciplinary research discipline that involves computer science, economics, and management science. This subject encompasses computational modeling of economic systems. Some of these areas are unique, while others established areas of economics by allowing robust data analytics and solutions of problems that would be arduous to research without computers and associated numerical methods.
General Agreement on Tariffs and TradeThe General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis.
XennialsXennials are the micro-generation of people on the cusp of the Generation X and Millennial demographic cohorts. Many researchers and popular media use birth years from 1977 to 1983, though some extend this to include those born from 1975 up to 1986. Xennials are described as having had an analog childhood and digital young adulthood. In 2020, Xennial was added to the Oxford Dictionary of English. It was added to the Oxford English Dictionary in 2021: Xennial, n. and adj.
Overconsumption (economics)Overconsumption describes a situation where a consumer overuses their available goods and services to where they can't, or don't want to, replenish or reuse them. In microeconomics, this may be described as the point where the marginal cost of a consumer is greater than their marginal utility. The term overconsumption is quite controversial in use and does not necessarily have a single unifying definition. When used to refer to natural resources to the point where the environment is negatively affected, is it synonymous with the term overexploitation.
