《English for Econnomics 经济英语 修订本》

CONTENTS1

Part One International Economics1

Unit One：Basic Economic Concepts1

Lesson 1 What is Economics About？1

Lesson 2 Economics as a Language5

Lesson 3 Consumer Choice and the Law of Demand10

Lesson 4 Markets16

Lesson 5 Shifts in Demand19

Unit Two：Money and Banking23

Lesson 6 Creation of Money23

Lesson 7 The Function of Money and the Existence of Inflation27

Lesson 8 Gresham’s Law and the Attributes of a“Good”Currency30

Lesson 9 A Central Bank Control the Quantity of Money34

Lesson 10 The Functions of the Bank of England39

Unit Three：International Finance44

Lesson 11 The“Purchasing Power Parity”Theory of Foreign Exchange44

Lesson 12 The Organization and Functions of the Stock Exchange48

Lesson 13 Demand and Cost Inflation53

Lesson 14 Black Markets for Foreign Exchange57

Lesson 15 Exchange Rates and External“Imbalances”61

Unit Four：International Trade65

Lesson 16 The Basis for Trade65

Lesson 17 Trade Tips and Comparative Advantage69

Lesson 18 Why Is There Trade Between Nations？74

Lesson 19 Quotas and Tariffs79

Lesson 20 The Measures Available to the Government to Limit Imports86

Part Two：Selected Readings91

1．Tobacco Industry：The Last Drag？91

2．Luxury Hotels：Playing Monopoly97

3．Foreign Exchange：Unsettling103

4．Flat Screens：Crystal Diplomacy109

5．Turkish Banks：Sweating115

6．European Insurance：Unleashed120

7．Indonesian Banking：Golden Key Hole126

8．East German Privatisation：Fast and Loose131

9．Spanish Banks：Botin’s Bid137

10．Indian Privatisation：Disconnected143

11．On Wall Street：This Too Shall Pass148

12．Chickens and Eggs157

13．Market Manias and Murphy’s Law167

14．CFA-franc Zone：Out of Africa176

15．Can Clinton Bounce Back？184

16．Chastising Blunkett192

17．A Delicate Balance at the Bank200

18．Fear of Crime：Safety in Numbers208

19．Back from the Land of the Living Dead216

20．Fields of Green-and Disaster Areas224

Part Three：20 Outstanding Economists233

1．Adam Smith （1723—1790）233

2．Jeremy Bentham （1748—1832）236

3．Thomas Robert Malthus （1766—1834）239

4．Jean Baptiste Say （1767—1832）242

5．David Ricardo （1772—1823）245

6．Antoine Augustin Cournot（1801—1877）249

7．John Stuart Mill（1806—1873）252

8．Karl Marx （1818—1883）255

9．William Stanley Jevons（1835—1882）258

10．Henry George（1839—1897）261

11．Alfred Marshall （1842—1924）264

12．John Bates Clark（1847—1938）267

13．Knut Wicksell （1851—1926）270

14．Thorstein B．Veblen （1857—1929）274

15．Wesley C．Mitehell （1874—1948）277

16．Arthur Cecil Pigou （1877—1959）280

17．John Maynard Keynes（1883—1946）283

18．Joseph Alois Schumpeter（1883—1950）286

19．Oskar Morgenstern （1902—1977）289

20．A．W．Phillips （1914—1975）292