微观经济学英文版名词解释超详细

微观经济学名词解释Chapter 1businesscycle 经济周期fluctuations in economic activity, such as employment andproductioneconomi cs 经济学;经济，国家的经济状况the study of how society manages its scarce 缺乏的，罕见的resourcesefficienc y n.功效; 效率，效能; 实力，能力; [物] 性能;the property of society getting the most it can from its scarceresourcesequality n .同等，平等; [数]相等，等式;the property of distributing economic prosperity uniformlyamong the members of societyexternality[,ekst ɜː'næl ɪt ɪ]外部性the uncompensated impact of on e person’s actions on the well-being of a bystander 旁观者; 局外人; 看热闹的人 incentive s omething that induces a person to actInflation [ɪn'fle ɪʃ(ə)n]an increase in the overall level of prices in the economy marginalchangessmall incremental 增加的 adjustments to a plan of actionmarket economyan economy that allocates resources through thedecentralized 权力分散; 人口疏散; 密度分散;decisions of many firms and households as they interact in markets for goods and services market failure a situation in which a market left on its own fails to allocate 分配，分派; 把…拨给;英[ˈæləke ɪt] resources efficiently market powerthe ability of a single economic actor (or small group of actors) to have a substantial influence on market pricesopportunity costwhatever must be given up to obtain some itemproducti vity the quantity of goods and services produced from each unit of labor inputChapter 2circular-flow diagrama visual model of the economy that shows how dollars flowthrough markets among households 家庭; 家庭，户and firms macroeconomics [,mækr əʊi ːk ə'n ɒm ɪks; -ek-]the study of economy-wide phenomena, including inflation, unemployment, and economic growth microeconomics [,ma ɪkr əʊi ːk ə'n ɒm ɪks the study of how households and firms make decisionsand how they interact in marketsnormative['n ɔːm ət ɪv]标准的 statementsclaims that attempt to prescribe 定，规定; 指定，规定;美[pr ɪˈskra ɪb] how the world should be positivestatementsclaims that attempt to describe the world as it isproductionpossibilitiesfrontier['fr ʌnt ɪə）a graph that shows the combinations of output that theeconomy can possibly produce given the available factorsof production and the available production technologyChapter 3absoluteadvantagethe ability to produce a good using fewer inputs than anotherproducercomparati ve advantag ethe ability to produce a good at a lower opportunity cost than another producer exports goods produced domestically 美[d ə'mest ɪkl ɪ】合乎国内的 andsold abroad imports goods produced abroad and sold domestically opportunity cost whatever must be given up to obtain some itemChapter 4competiti ve market a market with many buyers and sellers['sel ə] trading identical 同一的，完全相同的美[a ɪˈd ɛnt ɪk əl] products so that each完全竞争市场buyer and seller is a price taker Complements互补品['kɑmpləmənt]two goods for which an increase in the price of one leads to a decrease in the demand for the otherdemand curve 需求曲线a graph of the relationship between the price of a good and the quantity demandeddemand schedule 需求表a table that shows the relationship between the price of a good and the quantity demandedEquilibrium[,ikwɪ'lɪbrɪəm]均衡a situation in which the market price has reached the level at which quantity supplied equals quantity demandedequilibriu m price 均衡价格the price that balances quantity supplied and quantity demandedequilibriu m quantity the quantity supplied and the quantity demanded at the equilibrium priceinferiorgood劣质品[ɪn'fɪərɪə] a good for which, other things equal, an increase in income leads to a decrease in demandlaw of demand 需求原理the claim that, other things equal, the quantity demanded of a good falls when the price of the good riseslaw of supply 供给原理the claim that, other things equal, the quantity supplied of a good rises when the price of the good riseslaw of supply and demand the claim that the price of any good adjusts to bring the quantity supplied and the quantity demanded for that good into balancemarket a group of buyers and sellers of a particular good or servicenormal good a good for which, other things equal, an increase in income leads to an increase in demand普通商品quantity demande d 需求量the amount of a good that buyers are willing and able to purchasequantitysuppliedthe amount of a good that sellers are willing and able to sell shortage a situation in which quantity demanded is greater than quantity suppliedsubstitute s two goods for which an increase in the price of one leads to an increase in the demand for the othersupply curve a graph of the relationship between the price of a good and the quantity suppliedsupply schedule a table that shows the relationship between the price of a good and the quantity suppliedsurplus ['sɜ:pləs] a situation in which quantity supplied is greater than quantity demandedChapter 5cross-pri ceelasticity of demand 需求交叉弹性是需求交叉价格弹性a measure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in quantity demanded of the first good divided by the percentage change in the price of the second goodelasticity [,ilæ'stɪsəti]n .弹性; 弹力; 灵活性; 伸缩性;a measure of the responsiveness of quantity demanded orquantity supplied to one of its determinantsincome elasticity a measure of how much the quantity demanded of a good responds to a change in consumers’ income, computed as theof demand 需求的收入弹性 percentage change in quantity demanded divided by the percentage change in income price elasticity ofdemand 需求价格弹性a measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in pricepriceelasticityof supply供给的价格弹性a measure of how much the quantity supplied of a goodresponds to a change in the price of that good, computed asthe percentage change in quantity supplied divided by thepercentage change in pricetotal revenue (in a market)总收入; 总收益the amount paid by buyers and received by sellers of a good, computed as the price of the good times the quantity sold Chapter 6price ceiling ['si ːl ɪŋ] a legal maximum['mæks ɪm əm] on the price at which a good can be soldprice floora legal minimum on the price at which a good can be soldtaxincidenc e['ɪns ɪd(ə)ns]the manner in which the burden of a tax is shared among participants in a marketChapter 7consumer [k ən'sju ːmə] surplus['s ɜːpl əs]消费者剩余 the amount a buyer is willing to pay for a good minus ['ma ɪn əs] theamount the buyer actually pays for itcostthe value of everything a seller must give up to produce a goodefficiency the property of society getting the most it can from its scarceresources equality the property of distributing economic prosperity uniformly amongthe members of society producer surplus the amount a seller is paid for a good minus the seller’s cost of providing itwelfareeconomicsthe study of how the allocation 美[ˌæləˈke ɪʃn]分配，配给 ofresources affects economic well-beingwillingnes s to pay受益者负担 the maximum amount that a buyer will pay for a goodChapter 8Deadweightloss 无谓损失又为社会净损失the fall in total surplus 过剩的; 多余的[ˈsɜ:rpl əs] that results from a market distortion 变形; 失真[d ɪˈst ɔr ʃən], such as a taxChapter 9tariff n . 关税;关税表; 价格表a tax on goods produced abroad and sold domesticallyworld price the price of a good that prevails in the world market for that goodChapter 10Coasetheorem['θɪər əm]科斯定理the proposition that if private parties can bargain without costover the allocation of resources, they can solve the problem ofexternalities 外在性 on their owncorrectiv e tax 矫 a tax designed to induce private decision makers to take account of the social costs that arise from a negative正税externality externality [,ekstɜː'nælɪtɪ]n .外形; 外在性; 外部事物;（经济学名词）外部效应the uncompensated impact of one person’s actions on thewell-being of a bystanderinternalizing the externalit y 内化altering incentives[ɪn'sɛntɪv] so that people take account of the external effects of their actionstransaction[træn'z ækʃən]交易costs the costs that parties incur in the process of agreeing to and following through on a bargainChapter11clubgoodsgoods that are excludable but not rival in consumptioncommon resource s goods that are rival in consumption but not excludable可排他的; 包括在外的;cost–benefi t analysis 成本效益分析a study that compares the costs and benefits to society of providing a public goodexcludability [ɪks,kluːdə'bɪlətɪ]排他性the property of a good whereby a person can be prevented from using itfree rider a person who receives the benefit of a good but avoids paying[释义]坐享其成，无本获利; for it private goods goods that are both excludable and rival in consumption public goodsgoods that are neither excludable nor rival in consumptionrivalry inconsump tion 消费竞争the property of a good whereby one person’s use diminishes other people’s use Tragedyof theCommon s 公共地悲剧a parable 寓言; 格言; that illustrates why common resources are used more than is desirable from the standpoint of society as a wholeChapter 12ability-to-payprinciple[释义]负担能力原则，付税能力原则;the idea that taxes should be levied on a person according tohow well that person can shoulder the burdenaveragetax ratetotal taxes paid divided by total incomebenefits principle the idea that people should pay taxes based on the benefits they receive from government servicesbudgetdeficit n.预算赤字;a shortfall 亏空; 缺空 of tax revenue from governmentspendingbudgetsurplus 预算结余an excess of tax revenue over government spending horizontal equity 纳税横向均等;the idea that taxpayers with similar abilities to pay taxes should pay the same amountlump-sum tax 总量税a tax that is the same amount for every person marginaltax rate 边际税率the extra taxes paid on an additional dollar of income progressive tax 累进税a tax for which high-income taxpayers pay a larger fraction 分数; 一小部分 of their income than do low-income taxpayersproportional tax 比例税率a tax for which high-income and low-income taxpayers pay thesame fraction of incomeregressive tax 累退税a tax for which high-income taxpayers pay a smaller fraction oftheir income than do low-income taxpayersverticalequity 纵向公平the idea that taxpayers with a greater ability to pay taxesshould pay larger amountsChapter 13accounting profittotal revenue minus total explicit 清楚的，明确的 costaveragefixed costfixed cost divided by the quantity of outputaveragetotal cost total cost divided by the quantity of outputaverage variable costvariable cost divided by the quantity of outputconstantreturns toscalethe property whereby long-run average total cost stays thesame as the quantity of output changesdiminishin gmarginal product 边际产量递减规律the property whereby the marginal product of an input declines as the quantity of the input increases disecono the property whereby long-run average total cost rises as themies ofscale 规模不经济quantity of output increaseseconomic profit total revenue minus total cost, including both explicit and implicit costseconomie s of scale 规模经济the property whereby long-run average total cost falls as the quantity of output increasesefficientscale最小有效规模the quantity of output that minimizes average total costexplicitcostsinput costs that require an outlay of money by the firmfixedcosts固定成本costs that do not vary with the quantity of output producedimplicitcosts隐性成本input costs that do not require an outlay of money by the firmmarginal cost边际成本the increase in total cost that arises from an extra unit of productionmarginal product the increase in output that arises from an additional unit of inputproductio n function the relationship between the quantity of inputs used to make a good and the quantity of output of that goodprofit total revenue minus total costtotal cost the market value of the inputs a firm uses in production totalrevenue(for firm)the amount a firm receives for the sale of its outputvariablecosts[释义]变动成本;costs that vary with the quantity of output producedChapter14average total revenue divided by the quantity soldrevenuecompetiti ve marketa market with many buyers and sellers trading identical products so that each buyer and seller is a price taker marginal revenuethe change in total revenue from an additional unit sold sunkcost 沉没成本 a cost that has already been committed and cannot be recoveredChapter15monopoly[mə'n ɒp(ə)l ɪ]a firm that is the sole seller of a product without close substitutes naturalmonopoly n.垄断; 专卖; 垄断者; 专利品;a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms price discrimina tionthe business practice of selling the same good at different prices to different customersChapter16 monopolistic competiti on 垄断竞争市场a market structure in which many firms sell products that are similar but not identical oligopoly求过于供的市场情况;a market structure in which only a few sellers offer similar or identical productsChapter17经>卡特尔，企业联合a group of firms acting in unison ['juːnɪs(ə)n]collusion an agreement among firms in a market about quantities to produce or prices to charge<经>卡特尔，企业联合a strategy that is best for a player in a game regardless of the strategies chosen by the other playersgametheorythe study of how people behave in strategic situations GDPdeflator[d i'fleitə]GDP缩减指数a measure of the price level calculated as the ratio of nominal GDP to real GDP times 100Nash equilibriu m 纳什均衡a situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosenoligopoly[ ,ɑlə'gɑpəli] 寡头a market structure in which only a few sellers offer similar or identical productsprisoners’ dilemma [dɪˈlemə囚徒困境”是1950年美国兰德公司提出的博弈论模型a particular “game” between two captured prisoners that illustrates why cooperation is difficult to maintain even when it is mutually beneficialChapter18capital the equipment and structures used to produce goods and servicesdiminishing marginal product the property whereby the marginal product of an input declines as the quantity of the input increases递减规律factors ofproductionthe inputs used to produce goods and servicesmarginal product of labor the increase in the amount of output from an additional unit of laborproducti on function the relationship between the quantity of inputs used to make a good and the quantity of output of that goodvalue ofthemarginal边际价值productthe marginal product of an input times the price of the outputChapter19compensating differential 补偿微分a difference in wages that arises to offset the non-monetary characteristics of different jobsdiscrimination[dɪ,skr ɪmɪ'neɪʃ(ə)n] ;歧视the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristicsefficiency wages 效率工资above- equilibrium平衡，均势; 平静ˌ[ikwəˈlɪbriəm] wages paid by firms to increase worker productivityhuman capital*人力资本the knowledge and skills that workers acquire through education, training, and experiencestriken .攻击; 罢工[课，市];发现the organized withdrawal移开; 撤回of labor from a firm by aunionunion a worker association that bargains with employers over wages, benefits, and working conditions。