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庭的人 ? A household faces many decisions: 家庭面臨許多決策 ? Who cooks dinner? ? Who gets to choose what TV show to watch? … ? An economy faces many decisions too. School of Business ? An economy faces many decisions: ? Who will work? 誰 生產(chǎn) ? What goods and how many of them should be produced?... 生產(chǎn)什么,生產(chǎn)多少 ? What resources should be used in production? 生產(chǎn)中使用什么資源 ? At what price should the goods be sold? 產(chǎn)品以什么價格出售 ? The management of society’s resources is important because resources are scarce. 管理社會的資源之所以重要,因?yàn)橘Y源是稀缺的 Economics. . . School of Business ? 終日奔波只為饑,方才一飽便思衣。 ? 課后要求 整理基本原理,基本圖形,基本公式 認(rèn)真做習(xí)題,多討論 關(guān)注經(jīng)濟(jì)現(xiàn)象。 ? 縣丞主薄還嫌小,又要朝中掛紫衣。 ? Market power the ability of a single economic actor (or small group of actors) to have a substantial influence on market prices市場勢力是單個經(jīng)濟(jì)活動者對市場價格有顯著影響的能力 School of Business Ten Principles of Economics How The Economy As A Whole Works? School of Business Principle 8: The Standard of Living Depends on a Country’s Production. 一國的生活水平取決于它生產(chǎn)物品和勞務(wù)的能力 ? The differences in living standards around the world are staggering. 世界各國生活水平的差別是驚人的 ? Productivity is the amount of goods and services produced from each unit of labor input. 生產(chǎn)率是每一單位勞動投入所生產(chǎn)的物品和勞務(wù)數(shù)量 How The Economy As A Whole Works? School of Business Principle 9: Prices Rise When the Government Prints Too Much Money. 當(dāng)政府發(fā)行了過多貨幣時,物價上升 ? Inflation is an increase in the overall level of prices in the economy. 通貨 膨脹是經(jīng)濟(jì)中物價總水平的上升 ? One cause of inflation is the growth in the quantity of money. 引發(fā)通貨膨脹的一個原因就是貨幣量的增長 ? When the government creates large quantities of money, the value of the money falls. 一國 政府發(fā)行了大量本國貨幣時,貨幣的價值就下降了 How The Economy As A Whole Works? School of Business Principle 10: Society Faces a Shortrun Tradeoff Between Inflation and Unemployment. 社會面臨通貨膨脹與失業(yè)之間的短期權(quán)衡取舍 How The Economy As A Whole Works? ?Although some economists still question these ideas, most accept that society faces a shortrun tradeoff between inflation and unemployment. ?This shortrun tradeoff plays a key role in the analysis of the business cyclefluctuations in economic activity, such as employment and production. 經(jīng)濟(jì)周期指就業(yè)和生產(chǎn)等經(jīng)濟(jì)活動的波動。 ? The farmer has a parative advantage in growing potatoes. The rancher has a parative advantage in producing meat. 生產(chǎn)牛肉和土豆的機(jī)會成本 1 盎司牛肉的 1 盎司土豆的 機(jī)會成本 機(jī)會成本 Farmer Rancher 4 盎司土豆 1?4 盎司牛肉 2 盎司土豆 1?2 盎司牛肉 ?牛肉的價格會處于 4盎司 2盎司土豆之間 。 Services sold Goods amp。 School of Business ? Scarcity means that society has limited resources and therefore cannot produce all the goods and services people wish to have. 社會擁有的資源是有限的,因此不能生產(chǎn)人們希望擁有的所有物品和勞務(wù) ? Economics is the study of how society manages its scarce resources. 經(jīng)濟(jì)學(xué)研究社會如何管理自己的稀缺資源 Economics. . . School of Business Ten Principles of Econo