西经与政经名词解释（The West with political and economic terms）.docVIP

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西经与政经名词解释（The West with political and economic terms）.doc

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西经与政经名词解释（The West with political and economic terms）

西经与政经名词解释（The West with political and economic terms） NOUN interpretation: Chapter 1: Economic man Complete information demand supply demand function Supply function Change in demand Change in supply Endogenous variable Exogenous variable parameter static analysis Comparative static analysis dynamic analysis elastic Point elasticity Arc elasticity Price elasticity of demand Price elasticity of supply Cross price elasticity of demand Income elasticity of demand Succedaneum Complements Engel’s law market Market definition Market scope market mechanism Interest arbitrage Second chapters: utility Cardinal utility Ordinal utility Marginal quantity Total utility marginal utility Law of diminishing marginal utility Consumer equilibrium Demand price of commodities Reserve price Consumer surplus Indifference curve Marginal rate of substitution Law of diminishing MRS Budget line Price consumption curve Income consumption curve Engel curve Income effect substitution effect Compensation budget line Normal goods Inferior good giffen goods Uncertainty Expected utility Third chapters: Producer transaction cost production function production factors Fixed input proportional production function cobb-douglas production function Short term (production theory) Long term (production theory) Constant input Variable input TP AP MP law of diminishing marginal returns Contour curve Mrts Law of diminishing MRTS Equal-cost line Equal slope Extended line Scale return Scale economy Fourth chapters: opportunity cost Explicit cost Implicit cost total cost Enterprise economic profit Normal profit Short-term cost Long-term cost Scale economy Diseconomies of scale External economy External diseconomy Fifth chapters: market industry Perfectly competitive market Demand curve Perfectly competitive demand curve Total income Average income Marginal revenue Equilibrium condition of maximum profit Break even point Stop business point Producer surplus Constant cost industry increasing cost industry Decreasi