MBA专业术语汇总(doc)
MBA专业术语汇总 A Ability-to-pay principle 能力纳税原则 The idea that taxes should be levied on a person according to how well that person can shoulder the burden Absolute advantage 绝对优势 The comparison among producers of a good according to their productivity Aggregate-demand curve 总需求曲线 A curve that shows the quantity of goods and services that households, firms, and the government want to buy at any price level Aggregate-supply curve 总供给曲线 A curve that shows the quantity of goods and services that firms choose to produce and sell at any level Appreciation 升值 An increase in the value of a currency as measured by the amount of foreign currency it can buy Automatic stabilizers 自动稳定器 Changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers having to take any deliberate action Average fixed cost 平均固定成本 Fixed costs divided by the quantity of output Average revenue 平均收益 Total revenue divided by the quantity sold Average tax rate 平均税率 Total taxes paid divided by total income Average total cost 平均总成本 Total cost divided by the quantity of output Average variable cost 平均可变成本 Variables costs divided by the quantity of output Accelerator 加速数 the effect on GDP of the increase in investment that results from an increase in output. For instance, the greater output leads a firm to believe that the demand for its products will rise in the future; the resulting increase in investment leads to growth in output and still further increases in investment, accelerating the expansion of the economy Acquired endowments 后天禀赋 resources a country builds for itself, like a network of roads or an educated population Adaptive expectations 适应性预期 expectations based on the extrapolation of events in the recent past into the future aggregate expenditures schedule 总支出曲线 a curve that traces out the relationship between expenditures--the sum of consumption, investment, government expenditures, and net exports--and the national income, at a fixed price level antitrust laws 反托拉斯法 laws that discourage monopoly and restrictive practices and encourage greater competition arbitrage 套利 the process by which assets with comparable risk, liquidity, and tax treatment are priced to yield comparable expected returns adverse selection 逆向选择 principle that says that those who most want to buy insurance tend to be those most at risk, but charging a high price for insurance (to cover the high risk)will discourage those at less risk from buying insurance at all asset 资产 any item that is long-lived, purchased for the service it renders over its life and for what one will receive when one sells it assistance in kind 实物援助 public assistance that provides particular goods and services, like food or medical care, rather than cash asymmetric information 信息不对称 a situation in which the parties to a transaction have different information, as when the seller or a used car has more information about its quality then the buyer autonomous consumption 自主消费 that part of consumption that does not depend on income average costs 平均成本 the total costs divided by the total output average productivity 平均产量 total quantity divided by the total quantity of input B Benefits principle 受益原则 The idea that people should pay taxes based on the benefits they receive from government services Bond 债券 A certificate of indebtedness Budget constraint 预算约束 The limit on the consumption bundles that a consumer can afford Budget deficit 预算赤字 An excess of government spending over government receipts Budget surplus 预算盈余 An excess of government receipts over government spendin barriers to entry 进入障碍 factors that prevent firms from entering a market, such as government rules or patents basic competitive model 基本竞争模型 the model of the economy that pulls together the assumptions of self- interested consumers, profit maximizing firms, and perfectly competitive markets bequest savings motive 储蓄的遗产动机 people save so that they can leave an inheritance to their children Bertrand competition 伯特兰竞争 an oligopoly in which each firm believes that its rivals are committed to keeping their prices fixed and that customers can be lured away by offering lower prices bilateral trade 双边贸易 trade between two parties boom 繁荣 a period of time when resources are being fully used and GDP is growing steadily C Capital 资本 The equipment and structures used to produce goods and services Capital flight 资本外流 A large and sudden reduction in the demand for assets located in a country Cartel 卡特尔 A group of firms acting in unison Catch-up effect 追赶效应 The property that countries that start off poor tend to grow more rapidly than countries that start off rich Central bank 中央银行 An institution designed to oversee the banking system and regulate the quantity of money in the economy Ceteris paribus 其它条件相同 A Latin phrase, translated as ’other things being equal,’ used as a reminder that all variables other than the ones being studied are assumed to be constant Circular-flow diagram 循环流向图 A visual model of the economy that shows how dollars flow through markets among households and firms Classical dichotomy 古典二分法 The theoretical separation of nominal and real variables Closed economy 封闭经济 An economy that does not interact with other economies in the world Coase theorem 科斯定理 The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own Collective bargaining 集体谈判 The process by which unions and firms agree on the terms of employment Collusion 勾结 An agreement among firms in a market about quantities to produce or prices to charge Commodity money 商品货币 Money that takes the form of a commodity with intrinsic value Common resources 共有资源 Goods that are rival but not excludable Comparable worth 同工同酬 A doctrine according to which jobs deemed comparable should be paid the same wage Comparative advantage 比较优势 The comparison among producers of a good according to their opportunity cost Compensating wage differential 补偿性工资差别 A difference in wages that arises to offset the nonmonetary characteristics of different jobs Competitive market 竞争市场 A market with many buyers and sellers trading identical products so that each buyer and seller is a price taker Complements 互补品 Two goods for which an increase in the price of one good leads to a decrease in the demand for the other good Constant returns to scale 规模收益不变 The property that long-run average total cost stays the same as the quantity of output changes Consumer price index 消费物价指数 A measure of the overall cost of the goods and services bought by a typical consumer Consumer surplus 消费者剩余 A buyer’s willingness to pay minus the amount the buyer actually pays Consumption 消费 Spending by households on goods and services, with the exception of purchases of new housing Cost 成本 The value of everything a seller must give up to produce a good Cost-benefit analysis 成本—收益分析 A study that compares the costs and benefits to society of providing a public good Crowding-out effect 挤出效应The offset in aggregate demand that results when expansionary fiscal policy raises the interest rate and thereby reduces investment spending Currency 通货 The paper bills and coins in the hands of the public Cyclical unemployment 周期性失业 The deviation of unemployment from its natural rate capital gain 资本增值 the increase in the value of an asset between the time it is purchased and the time it is sold capital market 资本市场 the market in which savings are made available to investors categorical assistance 分类帮助 public assistance aimed at a particular category of people, like the elderly or the disabled causation 因果关系 relationship that results when an change in one variable is not only correlated with but actually causes the change in another one central planning 中央计划 the system in which central government bureaucrats (as opposed to private entrepreneurs or even local government bureaucrats) determine what will be produced an how it will be produced centralization 集权 organizational structure in which decision making is concentrated at the top centrally planned economy 中央计划经济 an economy in which most decisions about resource allocation are made by the central government certificate of deposit (CD) 存单 account in which money is deposited for a preset length of time, that must yield a slightly higher return to compensate for the reduced liquidity circular flow 循环流程 how funds move through the capital, labor, and product markets between households, firms, the government, and the foreign sector classical economists 古典经济学家 economists prevalent before the Great Depression who believed that the basic competitive model provided a good description of the economy and that if short periods of unemployment did occur, market forces would quickly restore the economy to full employment classical unemployment 古典失业 unemployment that results from too-high real wages; it occurs in the supply constrained equilibrium, so that rightwards shifts in aggregate supply reduce the level of unemployment competitive equilibrium price 竞争性均衡价格 the price at which the quantity supplied and the quantity demanded are equal to each other consumer protection legislation 消费者保护法 laws aimed at protecting consumers, for instance by assuring that consumers have more complete information about items they are considering buying consumer sovereignty 消费者权益 the pr...
MBA专业术语汇总(doc)