米什金货币金融学_ppt01.ppt

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1、Chapter1WhyStudyMoney,Banking,andFinancialMarkets?WhyStudyFinancialMarkets?1.Channelfundsfromsaverstoinvestors,therebypromotingeconomicefficiency2.AffectpersonalwealthandbehaviorofbusinessfirmsWhyStudyBankingandFinancialInstitutions?1.FinancialIntermediationHelpsgetfundsfromsaverstoinvesto

2、rs2.BanksandMoneySupplyCrucialroleincreationofmoney3.FinancialInnovationWhyStudyMoneyandMonetaryPolicy?1.Influenceonbusinesscycles,inflation,andinterestrates2©2006PearsonAddison-Wesley.AllrightsreservedBondMarket3©2006PearsonAddison-Wesley.AllrightsreservedStockMarket4©2006PearsonAddison-W

3、esley.AllrightsreservedForeignExchangeMarket5©2006PearsonAddison-Wesley.AllrightsreservedMoneyandBusinessCycles6©2006PearsonAddison-Wesley.AllrightsreservedMoneyandthePriceLevel7©2006PearsonAddison-Wesley.AllrightsreservedMoneyGrowthandInflation8©2006PearsonAddison-Wesley.Allrightsreserved

4、MoneyGrowthandInterestRates9©2006PearsonAddison-Wesley.AllrightsreservedFiscalPolicyandMonetaryPolicy10©2006PearsonAddison-Wesley.AllrightsreservedHowWeStudyMoneyandBankingBasicAnalyticFramework1.Simplifiedapproachtothedemandforassets2.Conceptofequilibrium3.Basicsupplyanddemandapproachtoun

5、derstandbehaviorinfinancialmarkets4.Searchforprofits5.Transactionscostandasymmetricinformationapproachtofinancialstructure6.AggregatesupplyanddemandanalysisFeatures1.Casestudies2.Applications3.Special-interestboxes4.FollowingtheFinancialNewsboxes5.ReadingtheWallStreetJournal6.WebExercisesa

6、ndURLs11Appendix:DefinitionsAggregateOutputGrossDomesticProduct(GDP)=ValueofallfinalgoodsandservicesproducedindomesticeconomyduringyearAggregateIncomeTotalincomeoffactorsofproduction(land,capital,labor)duringyearDistinctionBetweenNominalandRealNominal=valuesmeasuredusingcurrentpricesReal=q

7、uantities,measuredwithconstantpricesAggregatePriceLevelnominalGDPGDPDeflator=realGDP$10trillionGDPDeflator==1.11$9trillionConsumerPriceIndex(CPI)priceof“basket”ofgoodsandservices12©2006PearsonAddison-Wesley.AllrightsreservedAppendix:DefinitionsGrowthRatesandth