Money and Banking and Financial Markets 货币金融学 任课教师 杨荣 The Economics of Money and Banking and Financial Markets Yang Rong Professor Jiangxi University of Fiance and Economics 任课教师 杨荣 江西财经大学 金融学院 Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Chapter 1 Why Study Money, Banking, and Financial Markets? Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Why Study Financial Markets Markets in which funds are transferred from people who have an excess of available funds to people who have a shortage of funds Bond Market，chapter2,4,5,6 Stock Market ，chapter2,7 Foreign Exchange Market chapter，17 Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Why Study Banking Financial Intermediaries—institutions that borrow funds from people who have saved and make loans to other people Banks—institutions that accept deposits and make loans ，chapter9 Other Financial Institutions— insurance companies, finance companies, pension funds, mutual funds and investment banks ，chapter9 Financial Innovation—in particular, the advent of the information age and e-finance， chapter10 Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Why Study Money Chapter3,13,14,15,16 Evidence suggests that money plays an important role in generating business cycles Recessions (unemployment) and booms (inflation) affect all of us Monetary Theory ties changes in the money supply to changes in aggregate economic activity and the price level Chapter3,13,14,15,16 Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Appendix to Chapter 1 Defining Aggregate Output, Aggregate Income, the Price Level, the Inflation Rate Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Aggregate Output and Aggregate Income Gross Domestic Product (GDP) = market value of all final goods and services produced in the domestic economy during a particular year Aggregate Income Total income of the factors of production (land, capital, labor) during a particular year Distinction Between Nominal and Real Nominal = values measured using current prices Real = quantities measured with constant prices Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Aggregate Price Level Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Growth Rates and the Inflation Rate Copyright © 2007 Pearson Addison-Wesley. All rights reserved.

Copyright © 2007 Pearson Addison-Wesley. All rights reserved.