经济学专业英语 习资料 考试必看.docVIP

专业英语 一．主要知识点 Unit 1 *Business(Economic) Cycle: Prosperity-recession-depression-recovery Prosperity:a rapid increase in sales,profits,production. Recession:a phase of business cycle characterized by a reduction in the level of production and unemployment from the previous phase. Depression:a period with very little economic activities,resulting in mass unemployment and the failure of many business. *law of demand: When the price of a product goes up,the demand for it goes down and vice versa.This rule applies to certain unessential products. *mathematical formula for price elasticity o