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Ceteris paribus has been relevant in economics for centuries, in which the majority of the phrases first uses were in economic contexts, dating back to its first traces in 1295 by Peter Olivi. The earliest case of the Latin phrase being used in the English language publications was in the 17th century by William Petty , who used the clause to ...
ceteris paribus "other things being equal" Commonly used in economics, ceteris paribus allows for supply and demand models to reflect specific variables. If one assumes that the only thing changing is, say, the price of wheat, then demand and supply will both be affected appropriately.
ceteris paribus: with other things the same More commonly rendered in English as "All other things being equal." / ˌ s ɛ t ər ɪ s ˈ p ær ɪ b ə s / compos mentis: having command of mind Of sound mind. Also used in the negative "Non compos mentis", meaning "Not of sound mind". / ˈ k ɒ m p ɒ s ˈ m ɛ n t ɪ s / condicio sine qua non: A ...
Mutatis mutandis is a Medieval Latin phrase meaning "with things changed that should be changed" or "once the necessary changes have been made", literally: having been changed, going to be changed. [ 1 ] [ 2 ] [ 3 ] It continues to be seen as a foreign-origin phrase (and thus, unnaturalized, meaning not integrated as part of native vocabulary ...
The relationship between price and quantity demanded holds true so long as it is complied with the ceteris paribus condition "all else remain equal" quantity demanded varies inversely with price when income and the prices of other goods remain constant. [3] If all else are not held equal, the law of demand may not necessarily hold. [4]
ceteris paribus: all other things being equal: That is, disregarding or eliminating extraneous factors in a situation. charta pardonationis se defendendo: a paper of pardon to defend oneself: The form of a pardon for killing another man in self-defence (see manslaughter). charta pardonationis utlagariae: a paper of pardon to the outlaw
An economic variable can be exogenous in some models and endogenous in others. In particular this can happen when one model also serves as a component of a broader model.
An interest rate cap is a derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price.An example of a cap would be an agreement to receive a payment for each month the LIBOR rate exceeds 2.5%.