《经济英语》

CHAPRER 1Introduction1

TEXT A Why Study Economics1

TEXT B What is Economics6

TEXT C The Uses of Economics16

CHAPTER 2Basic Concepts of Economics and Basic Problems of Economy25

TEXT A Macro and Micro Economics25

TEXT B The Three Problems of Economic Organization32

TEXT C Market，Command，and Mixed Economics37

CHAPTER 3Markets and Governments in a Modern Economy45

TEXT A The Market Mechanism45

TEXT B How a Market Solves the Three Economic Problems52

TEXT C Who Governs the Market60

CHAPTER 4Basic Elements of Supply and Demand70

TEXT A Introduction to Supply and Demand70

TEXT B Demand75

TEXT C Supply83

CHAPTER 5Labor，Land，and Capital93

TEXT A Labor93

TEXT B Land，Natural Resources，and Rent100

TEXT C Capital107

CHAPTER 6Business Organization114

TEXT A The Nature of the Firm114

TEXT B Big，Small，and Infinitesimal Businesses120

TEXT C Features of a Modern Corporation and Advatages and Disadvantages of Corporations126

CHAPTER 7Major Concepts in Macro Economics131

TEXT A GNP，NNP and GDP131

TEXT B Consumption，Income，and Saving137

TEXT C Investment and Capital Formation147

CHAPTER 8Money154

TEXT A The Essence of Money154

TEXT B Interest Rates162

TEXT C Banking and the Supply of Money169

CHAPTER 9The Federal Reserve System178

TEXT A Structure of the Federal Reserve178

TEXT B The Fed's Operations187

TEXT C International Reserve Movements and Other Activities198

CHAPTER 10Business Cycles and Their Effects to the Economy208

TEXT A Business Cycles208

TEXT B Unemployment218

TEXT C Inflation227

CHAPTER 11Fiscal Policy，Budget，Deficits，and the Government Debt241

TEXT A Fiscal Policy241

TEXT B Fiscal Deficits:Concepts and Trends251

TEXT C Government Debt261

CHAPTER 12International Trade and the Theory of Comparative Advantage272

TEXT A The Sources of International Trade272

TEXT B The Principle of Comparative Advantage279

TEXT C Protectionism and Free Trade287

Answers to Exercises301