This section covers economic topics otherwise uncovered by Microeconomics, Macroeconomics, or Behavioural Economics.

effect size

Effect Size

Table of Contents What is Effect Size? Understanding Effect Size Types How to Calculate Interpreting Applications Limitations Examples FAQs Effect Size: How to Calculate, Types & Examples Written by Paul Boyce Posted in Education Last Updated July 19, 2023 What is Effect Size? Effect size is a key concept in statistical analysis, often used in

enron scandal

Enron Scandal

The Enron scandal refers to a major corporate fraud involving the energy company Enron Corporation, characterized by deceptive accounting practices and financial manipulation that ultimately led to its collapse.



Commercialization refers to the process of introducing a new product, service, or innovation into the market with the aim of generating profit and reaching a wider customer base.

a posteriori

A Posteriori

Table of Contents What is A Posteriori? Understanding A Posteriori Limitations A Posteriori vs A Priori Examples FAQs A Posteriori: Definition, Limitations & Examples Written by Paul Boyce Posted in Education Last Updated June 20, 2023 What is A Posteriori? In the exploration of knowledge and understanding, the terms ‘a priori’ and ‘a posteriori’ serve



BATNA, or Best Alternative to a Negotiated Agreement, is the alternative course of action that a party will pursue if negotiations fail to reach a satisfactory agreement.

black market

Black Market

A black market is an illicit market where goods, services, or currencies are exchanged in violation of legal regulations.

bill of sale

Bill of Sale

A bill of sale is a legal document that serves as proof of the transfer of ownership of an item or property from one party to another.

central limit theorem

Central Limit Theorem

The central limit theorem states that as the sample size increases, the sampling distribution of the sample mean approaches a normal distribution, regardless of the shape of the population distribution.



Embezzlement is the act of fraudulently misappropriating or stealing funds or assets entrusted to one’s care, often done by an individual in a position of trust or authority.