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This dictionary contains material especially suitable for students reading ‘foundation’ economics courses at polytechnics and universities, and for students preparing for advanced school economics examinations. The dictionary will be useful also to ‘A’ and degree-level students reading economics as part of broader-based business studies, commerce or social science courses as well as to students pursuing professional qualifications in the accountancy and banking areas. Finally, it is expected that the dictionary will be of interest to general readers of the economic and financial press.

The dictionary provides a comprehensive coverage of mainstream economic terms, focusing in particular on theoretical concepts and principles and their practical applications. Key economic terms are given special prominence, including, where appropriate, diagrammatic illustrations. In addition, the dictionary includes various business and commercial terms that are relevant to an understanding of economic analysis and applications. It is, of course, difficult to draw a precise dividing line between economic and economics-related material and other subject matter. Accordingly, readers are recommended to consult other volumes in this series, in particular the Collins Dictionary of Business, should they fail to find a particular entry in this dictionary. In the interests of brevity, we have kept institutional minutiae and description, as well as historical preamble, to a minimum.

To cater for a wide-ranging readership with varying degrees of knowledge requirements, dictionary entries have been structured, where appropriate, so as to provide, firstly, a basic definition and explanation of a particular concept, then leading on through cross-references to related terms and more advanced refinements of the original concept.

Cross-references are denoted both in the text and at the end of entries by reproducing the keywords in small capital letters.