企管理MBA专业术语汇编

1、117/118MBA专业术语汇总AAbility-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 th

2、e quantity of goods and services that households, firms, and the government want to buy at any price levelAggregate-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 meas

3、ured 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 outpu

4、t 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

5、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, a

6、ccelerating 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

7、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

8、 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 c

9、over 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 servi

10、ces, 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 d

11、oes 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

12、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

13、 that prevent firms from entering a market, such as government rules or patents basic competitive model 差不多竞争模型 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

14、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 bo

15、om 繁荣 a period of time when resources are being fully used and GDP is growing steadily CCapital 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

16、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 a

17、s 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 sepa

18、ration 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 Co

19、llective 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

20、 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 补偿性工资差不A difference in wages

21、 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

22、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 buye

23、rs 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

24、 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 unemployme

25、nt 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 分类关心public assistance aime

26、d 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 中央打算the system in which central government bureaucrats (as opposed

27、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 中央打算经济an economy in which most decisions about resource al

28、location 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

29、 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 w

30、ould 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

31、price at which the quantity supplied and the quantity demanded are equal to each otherconsumer protection legislation 消费者爱护法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

32、 principle that holds that each individual is the best judge of what makes him better off consumption function 消费函数the relationship between disposable income and consumption contingency clauses 应变条款statements within a contract that make the level of payment or the work to be performed conditional up

33、on various factors corporate income tax 公司所得税a tax based on the income, or profit, received by a corporation correlation 相关relationship that results when a change in one variable is consistently associated with a change in another one cost-push inflation 成本推动型通货膨胀inflation whose initial cause is a r

34、ise in production costs Cournot competition 古诺竞争an oligopoly in which each firm believes that its rivals are committed to a certain level of production and that rivals will reduce their prices as needed to sell that amount credentials competition 文凭竞争the trend in which prospective workers acquire hi

35、gher educational credentials, not so much because of anything they actually learn in the process but to convince potential employers to hire them by signaling that they will be more productive employees than those with weaker credentials credit constraint effect 信贷约束效应when prices fall, firms revenue

36、s also fall, but the money they owe creditors remains unchanged; as a result, firms have fewer funds of their own to invest. Because of credit rationing, firms cannot make up the difference; accordingly, investment decreases credit rationing 信贷配给credit is rationed when no lender is willing to make a

37、 loan to a borrower or the amount lenders are willing to lend to borrowers is limited, even if the borrower is willing to pay more than other borrowers of comparable risk who are getting loans cross subsidization 交叉补贴the practice of charging higher prices to one group of consumers in order to subsid

38、ize lower prices for another group DDeadweight loss 无谓损失The reduction in total surplus that results from a tax Demand curve 需求曲线A graph of the relationship between the price of a good and the quantity demanded Demand deposits 活期存款Balances in bank accounts that depositors can access on demand by writ

39、ing a check Demand schedule 需求表A table that shows the relationship between the price of a good and the quantity demanded Depreciation 贬值A decrease in the value of a currency as measured by the amount of foreign currency it can buy Depression 萧条A severe recession Diminishing marginal product 边际产量递减Th

40、e property whereby the marginal product of an input declines as the quantity of the input increases The property that the marginal product of an input declines as the quantity of the input increases Diminishing returns 收益递减The property that the benefit from an extra unit of an input declines as the

41、quantity of the input increases Discount rate 贴现率The interest rate on the loans that the Fed makes to banks Discouraged workers 丧失信心的工人Individuals who would like to work but have given up looking for a job Discrimination 卑视The offering of different opportunities to similar individuals who differ onl

42、y by race, ethnic group, sex, age, or other personal characteristics Diseconomies of scale 规模不经济The property that long-run average total cost rises as the quantity of output increases Dominant strategy 优势战略A strategy that is best for a player in a game regardless of the strategies chosen by the othe

43、r players debt 债务capital, such as bonds and bank loans, supplied to a firm by lenders; the firm promises to repay the amount borrowed with interest decentralization 分权化organizational structure in which many individuals or subunits can make decisions decision tree 决策树a device for structured decision

44、making that spells out the choices and possible consequences of alternative actions deficit spending 赤字支出the situation that exists when government expenditures are greater than revenues deflation 通货紧缩a persistent decrease in the general level of prices demand-constrained equilibrium 受需求约束的平衡the equi

45、librium that occurs when prices are stuck at a level above that at which aggregate demand equals aggregate supply at the current price level demand-pull inflation 需求拉动型通货膨胀inflation whose initial cause is aggregate demand exceeding aggregate supply at the current price level demographic effects 人口效应

46、effects that arise from changes in characteristics of the population such as age, birthrates, and location deregulation 放松管制the lifting of government regulations to allow the market to function more freely devaluation 贬值a reduction in the rate of exchange between one currency and other currencies un

47、der a fixed exchange rate system developed countries 发达国家或工业化国家the wealthiest nations in the world, including Western Europe, the United States, Canada, Japan, Australia, and New Zealand diminishing marginal utility 边际效用递减the principle that says that as an individual consumes more and more of a good

48、, each successive unit increases her utility, or enjoyment, less and less dividends 股息that portion of corporate profits paid out to shareholders downward rigidity of wages 工资下降刚性the situation that exists when wages do not fall quickly in response to a shift in the demand or supply curve for labor, r

49、esulting in an excess supply of labor dual economy 二元经济the separation in many LDCs between an impoverished rural sector and an urban sector that has higher wages and more advanced technology duopoly 双头垄断an industry with only two firms durable goods 耐用品goods that provide a service over a number of ye

50、ars, such as cars, major appliances, and furniture dynamic consistency 动态一致性a policy is said to have dynamic consistency when government announces a course of action and then has the incentives to actually carry out that policyEEconomics 经济学The study of how society manages its scarce resources Econo

51、mies of scale 规模经济The property that long-run average total cost falls as the quantity of output increases Efficiency 效率The property of a resource allocation of maximizing the total surplus received by all members of society; The property of society getting the most it can from its scarce resources E

52、fficiency wages 效率工资Above-equilibrium wages paid by firms in order to increase worker productivity Efficient scale 有效规模The quantity of output that minimizes average total cost Elasticity 弹性A measure of the responsiveness of quantity demanded or quantity supplied to one of its determinants Equilibriu

53、m 均衡A situation in which supply and demand have been brought into balance Equilibrium price 均衡价格The price that balances supply and demand Equilibrium quantity 均衡数量The quantity supplied and the quantity demanded when the price has adjusted to balance supply and demand Equity 平等The fairness of the dis

54、tribution of well-being among the various buyers and sellers; The property of distributing economic prosperity fairly among the members of society Excess demand 超额需求A situation in which quantity demanded is greater than quantity supplied Excess supply 超额供给A situation in which quantity supplied is gr

55、eater than quantity demanded Excludability 排他性The property of a good that a person can be prevented from using it Exports 出口Goods and services that are produced domestically and sold abroad; Goods produced domestically and sold abroad Externality 外部性The impact of one persons actions on the well-bein

56、g of a bystandereconomic rents 经济租金payments made to a factor that are in excess of what is required to elicit the supply of that factor efficiency wage theory 效率工资理论the theory that paying higher wages (up to a point) lowers total production costs, for instance by leading to a more productive labor f

57、orce economies of scope 范围经济what exists when it is less expensive to produce two products together than it would be to produce each one separately efficient markets theory 有效市场理论the theory that all available information is reflected in the current price of an asset elasticity of labor supply 劳动供给弹性t

58、he percentage change in labor supplied resulting from a 1% change in wages equity, shares, stock 股票terms that indicate part ownership of a firm, which the firm sells in order to raise money, or capital equity capital 股份资本capital, such as shares (or stock), supplied to a firm by its owners(shareholde

59、rs); the returns received by the owners are not guaranteed but depend on how well the firm does exchange efficiency 交换的效率the condition in which whatever the economy produces is distributed among individuals in an efficient way exchange rate 汇率the rate at which one currency (such as dollars) can be e

60、xchanged for another(such as marks, yen, or pounds) excise tax 物资税a tax on a particular good or service expected return 预期收益the average return-a single number that combines the various possible returns per dollar invested with the chances that each of these returns will actually be paid export-led g