Re: Week 2 Discussion Board

Irrational

Sensitivities

Intervention

Frame

trade-offs

equilibrium (equilibria)

converge

external shocks

underscore

price discovery

factor market

capitalist private enterprise economies

intermediate

interaction

voluntary

perceived value ---expected cost

better-off

forgo

compensation paid

in exchange for

be captured in

equilibrium quantity

ubiquitous observation

complement

linear

approximate  近似计算

demand function

coefficient

elasticity

readily

ceteris paribus

be referred to as

identical

aggregate  in aggregate (合计)

accordingly

effectiveness N.

multitude

explicit –covert

unpick

adopt

diagnosis

literacy

infinite

shaded

behavioral equation

exogenous

endogenous

equilibrium condition

iterate

alternatively (或者)

referee

simulate

disturb

bump

lead away from (远离)

ascending price (English) auction

descending price (Dutch) auction

elicit

timber lease

sealed bid auction

exploit

fall prey to

winner's curse

conservatively

entail

oversee

inhibit

enhance

stipulate

trapezoid

analogous

marginal cost

di’minish

mutually beneficial

steepness

externality

spillover

intersect

welfare

to delve a little more deeply

juxta’pose

exhibit

equate

impose (imposition)

ceiling

deadweight loss

regrettably

that's not all

controversy

empirical

legitimate adj.

excise tax (goods make, sold and used)

remit

tariff

quota

ardent

enthusiast

trump

intercept

intervene

interact

friction

impediment

cumbersome

derivative

with respect to

inelastic

magnitude

arc elasticity

predictive

discretionary

cut back on

pantry

staple

unitary (单一的)

hold for

inferior

indeed

invoke

with respect to

subscript

plausible

publicity

fall short

underpinning

originate

presenting (呈现)

manifestation