米什金货币金融学(英文)PPT-(第1章).ppt

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1、Chapter1WhyStudyMoney,Banking,andFinancialMarkets?©2005PearsonEducationCanadaInc.WhyStudyFinancialMarkets?1.Channelfundsfromsaverstoinvestors,therebypromotingeconomicefficiency2.AffectpersonalwealthandbehaviorofbusinessfirmsWhyStudyBankingandFinancialInstitutions?1.FinancialIntermediationHelpsget

2、fundsfromsaverstoinvestors2.BanksandMoneySupplyCrucialroleincreationofmoney3.FinancialInnovationWhyStudyMoneyandMonetaryPolicy?1.Influenceonbusinesscycles,inflation,andinterestrates2BondMarket3©2005PearsonEducationCanadaInc.StockMarket4©2005PearsonEducationCanadaInc.ForeignExchangeMarket5©2005Pea

3、rsonEducationCanadaInc.MoneyandBusinessCycles6©2005PearsonEducationCanadaInc.MoneyandthePriceLevel7©2005PearsonEducationCanadaInc.MoneyGrowthandInflation8©2005PearsonEducationCanadaInc.MoneyGrowthandInterestRates9©2005PearsonEducationCanadaInc.FiscalPolicyandMonetaryPolicy10©2005PearsonEducationC

4、anadaInc.HowWeStudyMoneyandBankingBasicAnalyticFramework1.Simplifiedapproachtothedemandforassets2.Conceptofequilibrium3.Basicsupplyanddemandapproachtounderstandbehaviorinfinancialmarkets4.Searchforprofits5.Transactionscostandasymmetricinformationapproachtofinancialstructure6.Aggregatesupplyanddem

5、andanalysisFeatures1.Casestudies2.Applications3.Special-interestboxes4.FollowingtheFinancialNewsboxes5.Readingthefinancialpages6.WebExercisesandURLs©2005PearsonEducationCanadaInc.11Appendix:DefinitionsAggregateOutputGrossDomesticProduct(GDP)=Valueofallfinalgoodsandservicesproducedindomesticeconom

6、yduringyearAggregateIncomeTotalincomeoffactorsofproduction(land,capital,labor)duringyearDistinctionBetweenNominalandRealNominal=valuesmeasuredusingcurrentpricesReal=quantities,measuredwithconstantpricesAggregatePriceLevelnominalGDPGDPDeflator=realGDP$10trillionGDPDeflator==1.11$9trillionConsumerP

7、riceIndex(CPI)priceof“basket”ofgoodsandservices12©2005PearsonEducationCanadaInc.Appendix:DefinitionsGrowthRatesandtheInflationRate13©2005PearsonEducationCanadaInc.