Market economy

Author: Liu Sai-li
Publisher:
Publish Date: 2006-01-01
Features: This book is designed for students and readers with intermediate or advanced English proficiency who are studying diplomacy, foreign affairs, or foreign economic and trade. It aims to enable readers to learn economic knowledge through English, master the necessary economic vocabulary and terminology, improve their ability to read foreign newspapers, journals, and original English economic works, and enhance their professional oral communication skills and exam-taking abilities. The book is divided into 15 units, covering basic knowledge of the market economy, such as the fundamental principles of the market economy, how market prices are determined, methods of achieving economies of scale, income and wealth distribution, the calculation and distinction of national economic accounting indicators such as Gross National Product (GNP) and Gross Domestic Product (GDP), as well as popular macroeconomic topics such as the World Bank's criteria for classifying countries, population issues, unemployment issues, WTO and China, the launch and impact of the Euro, China's economic reforms and development, and the establishment of the socialist market economy. Each unit, in addition to the main text, includes exercises of varying difficulty levels to enrich the content and expand students' knowledge of economics. Reference answers are also provided at the end of the book.