Text A Introduction to Economics
• Areas of Economics Microeconomics Macroeconomics Related fields, other distinctions, and classifications Mathematical and quantitative methods
Unit 1 What Is Economics
• Is economics a science? • What’s your understanding of economics? • Why do we call economics as western economics? • Could you give some definitions of economics?
The power of population is indefinitely greater than the power in the earth to produce subsistence for man. toil vi & n. 长时间或辛苦的工作
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descend vt. & vi. 下降，下来；递减；遗传 descendant n. adj. vulgar 庸俗的 dispense with 无需；免除 pervasive 普遍的，无孔不入的 synthesis
English Resume
• • • • • • • • curriculum vitae CV a. outline the important points b. brevity 省略主语 “I”；Passed CET-6. 尽量省略谓语动词；Born: Jan 6,1988. 尽量用简单句，避免复合句，用分词代替从句。 Having been a computer operator for 4 years, 用缩写。
• traditional threats • the threats as a result of military action, politics and diplomacy. • non-traditional threats • These non-traditional threats come in the form of terrorism, drug trafficking, serious communicable diseases, piracy, illegal immigration, environmental security, economic and financial security, and information security.
经济学专业英语
Economics English
Email: rollandwang@
Unit 1 What Is Economics
• • • • • • • • • • • subsistence; subsist equilibrium 均衡 aggregate prioritize heterodox doctrine; theology nexus derivation calculus differential; integral algebra; algebraic variable 变量 premodern hypothesize paradox premise orthodox un-
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towering 杰出的 usher 开创，引领 unavailing 无效的 endogenous 内生的 disseminate 散步，传播 academician evolutionary
Unit 2 Political Economy
• Text A • Marked changes in world’s political, economic landscape
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mercantilist physiocrat -cy credit lose ~ with sb; vt. ~ Xenophon
• Classical Economics Thomas Malthus: demographer demography
State Sponsors of Terrorism
• nations designated by Department of State to “have repeatedly provided support for acts of international terrorism”. • Inclusion on the list imposes strict sanctions. • The list began on December 29, 1979, with Libya, Iraq, South Yemen, and Syria. • Countries currently on the list ：According to Country Reports on Terrorism 2010( August 18, 2011)
• Related fields, other distinctions, and classifications
• give an example of normative analysis • describes mainstream economics as dealing with the "rationality-individualism-equilibrium nexus" and heterodox economics as defined by a "institutions-history-social structure nexus."
• Rational Expectation School
Mathematical and quantitative methods
• Mathematical economics • matrix 矩阵 expositor • Econometrics • National accounting • How many methods can we use to get the GDP data?
Unit 3 International Economics
• A reserve currency, or anchor currency, is a currency that is held in significant quantities by many governments and institutions as part of their foreign exchange reserves. It also tends to be the international pricing currency for products traded on a global market, and commodities such as oil, gold, etc.
• The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to around SDR 204 billion (equivalent to about $328.3 billion, converted using the rate of August 31, 2011).
• Cuba(1982) Iran(1984) Sudan (1993) Syria(1979)
• Countries that have been removed :
• Iraq(-2004)；Libya (-2006) ；North Korea(1988-2008)； South Yemen (-1990)
• General allocations of SDRs have to be based on a long-term global need to supplement existing reserve assets. General SDR allocations have been made only three times. The first allocation was for a total amount of SDR 9.3 billion, distributed in 1970-72, and the second allocated SDR 12.1 billion, distributed in 1979-81. These two allocations resulted in cumulative SDR allocations of SDR 21.4 billion. To help mitigate the effects of the financial crisis, a third general SDR allocation of SDR 161.2 billion was made on August 28, 2009.