最新西方经济学重点-中英文

最新西方经济学重点-中英文
最新西方经济学重点-中英文

Represents描述Define定义Demonstrate论证

Topic 1A

Opportunity cost机会成本The highest-valued alternative that we give up to get something ?the opportunity cost of the activity chosen.我們为了得到一些東西而放弃的

E xplicit cost显性成本 is a cost that involves actually laying out money.花钱

I mplicit cost隐性成本 does not require an outlay of money; it is measured by the value, in dollar terms, of the benefits that are forgone. 非实质性

Marginal Benefit边际收益指如果再多销售一单位的产品将会得到的收益,或目前最后卖出的一单位的产品所得到的收益。边际收益在实现利润最大化中是一个非常重要的经济量,一般认为当边际收益等于边际成本时企业达到利润最大化

Marginal Cost边际成本is the change in the total cost that arises when the quantity produced has an increment by unit.指的是每一单位新增生产的产品(或者购买的产品)带来的总成本的增量

MC > MR ?an incentive to do less of that activity少刺激消费活动

MB> MC ?an incentive to do more of that activity多刺激消费活动

Production Possibilities Frontier PPF生产可能性边界is a graph representing production tradeoffs of an economy given fixed resources(假设、概念、图、移动)用来表示经济社会在既定资源和技术条件下所能生产的各种商品最大数量的组合,反映了资源稀缺性与选择性的经济学特征

Topic 2A

Law of demand需求法则Other things remaining the same, the higher the price of a good/service, the smaller is the quantity demanded.假设其他因素不变,当一物品价格增加,其需求量会下降

Law of supply 供给法则Other things remaining the same, the higher the price of a good/service, the greater is the quantity supplied.假设其他因素不变,当一件物品的相对价格上升时,其供给量会上升

Equilibrium 平衡It means no shortage or surplus in the market.市场中没有短缺或过剩

平衡点

Factors that bring changes in demand.使需求变化的因素

Income,Climate[水土,气候],Age of the people,T echnology,Price of substitutes[替代品],Advertising,Prices of related goods ,Expected future prices,Expected future income,Preferences[偏好],Population

Factors that bring changes in supply.使供给变化的因素。

Climate[水土,气候],Technology,Expectations of producers[生产者期望],Expected future prices,The number of suppliers,Prices of the factors of production

Shifts in demand curve and shifts in supply cu rve需求曲线的变动和供给曲线的变动

Substitutes and Complements替代品和互补品

Diminishing Marginal Returns边际效用递减规律is the decrease in the marginal (incremental) output of

a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.指在投入生产要素后,每单位生产要素所能提供的产量增加发生递减的现象。

消费者剩余(Consumer Surplus)是指购买者的支付意愿减去购买者的实际支付量。

Topic 2B

Price Elasticity of Demand需求价格弹性measures the responsiveness of the quantity demanded to a change in price.衡量需求的数量随商品的价格的变动而变动的情况。

Price Elasticity of supply供给价格弹性measures the responsiveness of the quantity supplied to a change in price.指供给量相对价格变化作出的反应程度。

Elastic, Unit elastic, Inelastic, Perfectly elastic, Perfectly inelastic (根据弹性系数、图形判断)

弹性、单位弹性、非弹性,完全具有弹性,完全无弹性(根据弹性系数、图形判断)

需求价格弹性系数= 需求量变动的百分比/ 价格变动的百分比。设:Q 表示一种商品的需求量;P 表示该商品的价格;DQ表示需求量变动值;DP表示价格变动的数值;Ed表示价格弹性系数,则:Ed=(△Q/Q)/(△P/P)

弹性与价格、收益的关系

※一般降价促销的商品都是需求弹性大于1的,如手机,服装,奢侈品;生活必备品一般是弹性小于1的,如食盐。生活必需品的需求的价格弹性较小,非必需品的需求的价格弹性较大

恩格尔定律(Engel's law) is an observation in economics stating that as income rises, the proportion of income spent on food falls, even if actual expenditure on food rise.一个家庭收入越少,家庭收入中(或总支出中)用来购买食物的支出所占的比例就越大。

Topic 3

Characteristics of each market structures每个市场结构特征

Perfect competition(完全竞争): demand curve需求曲线、

Short-run Decision短期决策是指企业为有效地组织现在的生产经营活动,合理利润经济资源,以期在不远的将来取得最佳的经济效益而进行的决策

Long-run Decision长期决策

Perfect competitive market 完全自由竞争市场

①买卖众多Many buyers and sellers.②产品同质All firm selling identical products.③进出自由No barriers to new firms

entering the market. ④Sellers and buyers are well informed about prices Perfect information信息完全

Monopoly 垄断

①One supplier ②Produces a good or service for which there are no close substitutes

③High barriers to entry ④Firm is a price maker

Monopolistic Competition 垄断竞争

①Features of both competition and monopoly ②A large number of firms.③Each firm produces a differentiated product.④Product Differentiation: Firms compete on product quality, price, marketing and branding. Monopolistic competitive firms seek to differentiate their products in any one, or a combination

Oligopoly 寡头

①High barriers to entry ②A small number of firms ③Firms are price makers

④Interdependency ⑤Temptation to cooperate/collude, to increase joint profit.

opportunity cost:机会成本,需考虑

sunk cost:沉没成本,不受决策影响的成本,表现为过去已经支付费用或根据过去的决策将来必须支付的费用。Fixed cost:固定成本,不随产量变化而变化

Variable cost:可变成本,随产量增加而增加

※长期中,没有固定成本与可变成本之分

Shut-down point停止营业点

?The firm is indifferent between producing and shutting down temporarily.

?The output and price at which the firm just covers its TVC.

?P=A VC is at its minimum.

?MC curve cuts A VC curve.

?It incurs a loss equal to TFC.

Monopoly(垄断):三级价格歧视Price Discrimination价格歧视

一级价格歧视:为每单位产品制定不同的销售价格

二级价格歧视:垄断厂商根据不同的购买数量确立的价格

三级价格歧视:厂商对同一产品在不同的市场上对不同的消费群体收取弹性价格。

Selling different units of a good or service for different prices.

Oligopoly(寡头): The Kinked Demand Curve Model 弯折的需求曲线模型

Topic 4A

GDP, methods of measuring GDP(Gross Domestic Product)衡量国内生产总值的方法

Nominal(名义) GDP is the production of goods and services valued at current prices是用生产物品和劳务的当年价格计算的全部最终产品的市场价值

Real(实际) GDP is a macroeconomic measure of the value of economic output adjusted for price changes 是用从前某一年作为基期的价格计算出来的当年全部最终产品的市场价值

Economic growth经济增长is the increase in the market value of the goods and services produced by an economy over time

Topic 4B

Business cycle经济周期is the periodic but irregular up-and-down movement in production.(概念、画图、解释)

Unemployment rate失业率is the percentage of the labour force that is unemployed.

Four types of unemployment四种类型的失业

①Structural unemployment结构性失业②Frictional unemployment摩擦性失业

③Cyclical unemployment周期性失业④Seasonal unemployment季节性失业

Full employment充分就业is that when everyone who wishes to work at the going wage-rate for their type of labor is employed.( Natural rate of unemployment自然失业率)

Topic 5

Inflation通胀is an upward movement in the average level of prices.指一般物价水平在某一时期内,连续性地以相当的幅度上涨的状态,又称为物价上升。

Difference between anticipated(预期) and unanticipated(非预期) inflation: Anticipated Inflation is inflation that has been, on average, correctly forecast. While unanticipated Inflation, is Inflation that catches people by surprise.

CPI[Consumer Price Index]消费物价指数measures changes in the price level of a market basket of consumer goods and services purchased by households. 是反映与居民生活有关的产品及劳务价格统计出来的物价变动指标,以百分比变化为表达形式。

Demand pull inflation需求拉动通货膨胀is inflation that results from an initial increase in aggregate demand.

Cost push inflation成本推动型的通货膨胀is inflation that results from an initial increase in costs.

Wage-price spiral工资-价格螺旋是一种工资提高了,商品售价也节节升高的现象。

Topic 6

Multiplier乘数and Multiplier effect乘数效应is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable.

Topic 7A

Theories of International trade国际贸易理论

①Theory of absolute advantage(绝对优势理论): A country has an absolute advantage over another in the production of a good if it can produce it with fewer resources (lower costs) than the other country

②Theory of comparative advantage(比较优势理论):A country has a comparative advantage over another in the production of

a good if it can produce it at a lower opportunity cost(i.e. If it has to forgo less of other goods in order to produce it)

Balance of Payments(BOP)国际收支平衡表:

Current Account(经常项目): is one of the two components of its balance of payments.

※Main items: Goods,Services,Income,Current transfers(经常项目转移支付)

Capital Account(资本项目): is one of two primary components of the balance of payments.

※Main items: Capital transfers(固定资产所有权的转移)[Government&Other],Acquisition/disposal of non-produced, non-financial assets(各种无形资产如专利,版权,商标,经销权以及租赁和其他可转让合同的交易。)

Terms of Trade(贸易条件) :The ratio of export prices to import prices.

进出口比价指数=出口物价指数/进口物价指数

Trade barriers(贸易壁垒): ①Tariff关税②Subsidies津贴(给本国出口企业)③Quotas配额数量

④Embargoes禁运数量⑤Cartels卡特尔⑥Nontariff barriers非关税壁垒(技术壁垒、环保)

Arguments in favor of restricting trade(限制贸易的争论):

①Infant industry argument ②To reduce reliance of foreign goods ③To prevent ‘dumping[倾销]’ and other unfair trade practices ④To prevent the importation of harmful goods ⑤To reduce the influence of a trade on consumers tastes ⑤To take account of externalities ⑥To prevent the establishment of a foreign-based monopoly

Arguments in favor of free trade(支持自由贸易观点):

a) importance of international trade; 国际贸易的重要性

?Increase exports lead to an increase GDP.

?Increase in economic growth.

?Increase in employment opportunities for locals.

?Export-oriented industries have the opportunity to enter new markets allowing them to: grow in size;

encouraging specialisation of tasks; economies of scale.

b) problems of protection保护问题&Arguments against trade protection支持反对贸易保护

①Protection as ‘second-best’②Retaliation报复③Bureaucracy官僚主义

④Protection may allow firms to remain inefficient.效率低下

Topic 7B

Exchange rates: The value of one currency’s currency in terms of another country’s currency.

Fixed exchange rate 固定汇率(1944,布雷顿森林体系)A country’s government or central bank sets exchange rates Floating exchange rate 浮动汇率(1976,牙买加体系)Set by the interaction of the forces of demand and supply

(1)Clean float: no government intervention 清洁浮动 (2)Dirty float: government intervention 肮脏浮动

Managed exchange rate 管理汇率Basically set the demand and supply, but with intervention by central bank to influence the rate.

Demand and supply in exchange market(需求和供给的外汇市场): 能分别说明以下3个因素对一国货币的需求、供给产生什么影响——对汇率产生何种影响

Interest rate 利率Other things remaining the same, the higher the exchange rate, the smaller is the quantity of currency demanded in the exchange market.

Export and import 进出口Other things remaining the same, the appreciation[升值] of the currency increases the quantity of export ,the depreciation [贬值] of the currency decreases the quantity of import.

Expected future exchange rate 预期未来汇率的变动Other things remaining the same, the higher the Expected future exchange rate, the bigger is the quantity of currency demanded in the exchange market.

Supply of dollars

Millions of Australian dollars

S 0.850.75

10001200

E x c h a n g e r a t e (U S p e r A u s t r a l i a n d o l l a r )Appreciation of the dollar Figure 7.5B Using a diagram explain the concept of the Law of Supply

Topic 8

Monetary policy instruments(货币政策工具):

Reserve asset ratios 法定准备金率 (RARs) ,

Open market operations(OMOs)公开市场操作 is an activity by a central bank to buy or sell government bonds on the open market.

Easy monetary policy(宽松的货币政策)

Aim: Provide economic stimulus, when the economy is in a recession ,

How: ①Central bank buys bonds ②ESA balances rise ③Cash Rate decrease

④↑Credit availability & ↑(MS) ⑤ Interest rates decrease

Tight monetary policy(从紧的货币政策):

Aim: Slow the economy down, when the economy is overheating.

How: ①Central bank sells bonds ②ESA balances fall ③Cash Rate rises

④↓Credit availability & ↓(MS) ⑤Interest rates rise

Topic 9A

Budget balance: budget surplus, budget deficit, balanced budget

预算平衡:财政预算盈余,预算赤字、平衡预算

Discretionary Fiscal Policy(审慎的财政政策): Changes in tax, spending policy requiring legislative, or administrative action by the government or Parliament.

Non-Discretionary Fiscal Policy(非审慎的财政政策): Built-in (Automatic) stabilisers自动稳定器

①Progressive tax and累进税率制度②unemployment benefit systems 失业救济制度

Expansionary fiscal policy(扩张性财政政策):

Aim:①To provide an economic stimulus and return economy to full employment ②Use when a recessionary gap exists How:①Increase Government Expenditure ②Decrease Taxes ③Combination of both measures

Effect:①Increases GDP ②Reduces recessionary gap ③Reduce unemployment

④Results in budget deficit if budget was balanced

Contractionary fiscal policy(紧缩性的财政政策):

Aim:①To slow the economy down and return to full employment ②Use when a inflationary gap exists

How:①Decrease Government Expenditure ②Increase Taxes ③Combination of both measures

Effect:①Reduce GDP ②Reduces Inflationary gap ③Results in budget surplus if budget was balanced

Topic 9B

Microeconomic reform微观经济改革Government policies which deregulate, or re-regulate markets for goods, services or factors of production.

Objectives of microeconomic reform微观经济改革的目标

①To raise the supply potential of the economy

②Microeconomic reform aims to reduce interference with price signals in the labour and products markets in order to increase competition and therefore enhancing allocative economic efficiency, operational efficiency, and dynamic efficiency.

③Stabilise external debt and increase the efficiency with which the capital stock is used, reducing demand on domestic saving without reducing living standards.

Deregulation(解除管制):is the removal of administrative processes which either formed a barrier to entry in a market or prevented a market from operating efficiently.

※Example①Telecommunications ②Airlines (1990) ③Financial Sector (late 1980’s)

Privatization(私有化):is the process of taking a GBE ( Government Business Enterprise) and putting it into public hands. ※Example:Prison system,Airports,Electricity

Tariffs(关税):A tariff is a tax on an import. Under an agreement with APEC, many countries agreed to try and phase out all tariffs

Competition policy(竞争政策):is that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

Topic 10市场失灵

Market Failure : The inability of an unregulated market to achieve allocative efficiency in all circumstances.

表现:(1) there exists monopoly or imperfect competition market, make its are not always produce the most effective results.

(2) the market behavior of the externalities may produce negative spillover effect.

(3) the market mechanism can guarantee the supply of public goods.

(4) the incompleteness of the market information or asymmetry caused by the uncertainty in the economy.

(5) market as a result of the income distribution effects on political or moral can't accept it.

Public goods: Goods and services that would not be provided by the market system, as they are invisible. Characteristics:①Indivisible ②Non-exclusive ③Non-competitive

结果: Since revenue cannot be collected “according to usage”, the market will not supply public https://www.360docs.net/doc/106589931.html,ernments will provide public goods by taxing the public. Tax is not proportional to use.

措施:Governments will provide public goods by taxing the public.

举例: The excessive use of public resources; Traffic jam ; F ishing in open sea;Examples of public goods are:

Roads, street lighting, parks, public toilets, and the services provided by police and national defense.

Free Riding: Using public goods without paying.

Externality(外部性): is the effect on a third party who is not part of the transaction

Negative负外部性

结果:①Marginal social cost > Marginal private cost ②Cost of production is not borne by firms

③Society pays the cost of private production ④Pollution

举例:①Smoking ②Toxic waste ③Air pollution ④Burning fossil fuels

措施:①Taxes ②Emission charges ③Licenses ④Marketable permits

Positive正外部性

结果:①Marginal social benefit > Marginal private benefit ②Quantity produced is less than the amount society desires.

③Society does not realize all the benefits associated with firm’s production.

举例:①Neighbours’ tidiness ②Education ③Technology Spill over

措施:①Subsidizing production ②For example subsidizing education will ensure greater positive externalities are realized. Distribution of income(收入分配):纠正收入分配不公的措施

①Provision of basic goods and services ②Transfer payments

③Progressive income tax ④Other taxes

国际经济学双语习题

International Economics, 8e (Krugman) Chapter 1 Introduction 1.1 What Is International Economics About? 1) Historians of economic thought often describe ________ written by ________ and published in ________ as the first real exposition of an economic model. A) "Of the Balance of Trade," David Hume, 1776 B) "Wealth of Nations," David Hume, 1758 C) "Wealth of Nations," Adam Smith, 1758 D) "Wealth of Nations," Adam Smith, 1776 E) "Of the Balance of Trade," David Hume, 1758 Answer: E Question Status: Previous Edition 2) From 1959 to 2004, A) the U.S. economy roughly tripled in size. B) U.S. imports roughly tripled in size. C) the share of US Trade in the economy roughly tripled in size. D) U.S. Imports roughly tripled as compared to U.S. exports. E) U.S. exports roughly tripled in size. Answer: C Question Status: Previous Edition 3) The United States is less dependent on trade than most other countries because A) the United States is a relatively large country. B) the United States is a "Superpower." C) the military power of the United States makes it less dependent on anything. D) the United States invests in many other countries. E) many countries invest in the United States. Answer: A Question Status: Previous Edition 4) Ancient theories of international economics from the 18th and 19th Centuries are A) not relevant to current policy analysis. B) are only of moderate relevance in today's modern international economy. C) are highly relevant in today's modern international economy. D) are the only theories that actually relevant to modern international economy. E) are not well understood by modern mathematically oriented theorists. Answer: C Question Status: Previous Edition 5) An important insight of international trade theory is that when countries exchange goods and services one with the other it A) is always beneficial to both countries. B) is usually beneficial to both countries. C) is typically beneficial only to the low wage trade partner country. D) is typically harmful to the technologically lagging country. E) tends to create unemployment in both countries. Answer: B Question Status: Previous Edition

西方经济学中英文对照表

词汇表(备查) 微观经济学词汇 宏观经济学词汇 微观经济学(Microeconomic) 需求(D)Demand 供给(S)Supply 价格(P)Price 产量(Q)Quantity 均衡(E)Equilibrium 弹性(E)Elastic ity 平均A verage 边际Marginal 成本Cost 收益Revenue 总Total 效用Utility 边际效用(MU) 长期平均成本(LAC) 短期平均成本(SAC) 总成本(TC) 固定成本(FC) Fixed cost) 平均固定成本(AFC) 可变成本(VC)V ariable cost) 平均可变成本(A VC) 平均成本(AC) 边际成本(MC) 平均收益(AR) 边际收益(MR) 边际产品(MR)Marginal Revenue 劳动(L)Labor force 收入(I)Income 宏观经济学(Macroeconomics) 国民生产总值Gross National Product 国内生产总值Gross Domestic Product 总需求(AD)Aggregate demand 总供给(AS)Aggregate supply 消费(C)Consumption 投资(I)Investment 政府支出(G)Government expenditure 出口Exports

净出口(Nx)Net Export 货币Money 边际消费倾向(MPC)Marginal propensity of consume 边际储蓄倾向(MPS)Marginal propensity of save 边际进口倾向(MPm) Marginal propensity to import 汇率Exchange rate 预期Expectation

微观经济学名词解释和中英文对照

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经济学词典 提供经济学词典.向他致敬! Ability-to-pay principle(of taxation)(税收的)支付能力原则按照纳税人支 付能力确定纳税负担的原则。纳税人支付能力依据其收人或财富来衡量。这一原则并不 说明某经济状况较好的人到底该比别人多负担多少。 Absolute advantage(in international trade)(国际贸易中的)绝对优势 A国所具 有的比B国能更加有效地(即单位投入的产出水平比较高等)生产某种商品的能力。这 种优势并不意味着A国必然能将该商品成功地出口到B国。因为B国还可能有一种我们所 说的比较优势或曰比较利益(comparative advantage)。 Accelerator principle 加速原理解释产出率变动同方向地引致投资需求变动的理论。 Actual,cyc1ical,and structual budget 实际预算、周期预算和结构预算实际预算的赤字或盈余指的是某年份实际记录的赤字或盈余。实际预算可划分成结构预算和周期预算。结构预算假定经济在潜在产出水平上运行,并据此测算该经济条件下的政府税入、支出和赤字等指标。周期预算基于所预测的商业周期(及其经济波动)对预算的影 响。 Adaptive expectations 适应性预期见预期(expectations)。Adjustable peg 可调整钉住一种(固定)汇率制度。在该制度下,各国货币对其他货币保持一种固定的或曰“钉住的”汇率。当某些基本因素发生变动、原先汇率失去合理依据的时候,这种汇率便不时地趋于凋整。在1944-1971年期间,世界各主要货币都普 遍实行这种制度,称为“布雷顿森林体系”。 Administered(or inflexible)prices 管理(或非浮动)价格特指某类价格的术语 。按照有关规定,这类价格在某一段时间内、在若干种交易中能够维持不变。(见价格浮动,price flexibility) Adverse selection 逆向选择一种市场不灵。指的是这样一种情况,即那些遭遇风险机会最多的人,最容易决定购买保险。推而广之,逆向选择指的是这样一种情况:就某产品而言,买方和卖方所掌握的信息不同。比如旧车市场。 Aggregate demand 总需求某一时期一个经济所计划或所需要开支的总数。它取决于总 的价格水平,并受到国内投资、净出口、政府开支、消费水平和货币供应等因素的影响。 Aggregate demand(AD)curve 总需求曲线在其他条件不变的情况下,体现一个经济中 人们所愿意购买的商品和服务的总量与该经济的价格总水平之间的关系的曲线。同其他需求曲线一样,总需求曲线背后也存在着一系列重要的经济变量,如政府开支、出口和货币供应,等等。 Aggregate supply 总供给某一时期一个经济中各企业所愿意生产的商品与服务的价

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