2. 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
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3. Chapter 1 Why Study Money, Banking, and Financial Markets?
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4. 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
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5. 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
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6. 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
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7. Appendix to Chapter 1 Defining Aggregate Output, Aggregate Income,
the Price Level,
the Inflation Rate
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8. 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
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9. Aggregate Price Level
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10. Growth Rates and the Inflation Rate
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11. Copyright © 2007 Pearson Addison-Wesley. All rights reserved.