《Finance》课程教学大纲 一、课程基本信息 课程代码：16440604 课程名称：金融学（全英 英文名称：Finance 课程类别：专业必修课 学时：64 学 分：4 适用对象：金融工程、金融学、投资学、保险专业本科生 考核方式：考试 先修课程：微观经济学 二、课程简介 金融学（全英）课程的主要内容包括：包括金融市场和金融中介机构在内的金融系统： 利率，包括利率的定义，利率的变动以及利率的期限和风险结构：货币的定义及职能：股票 市场及股票估值模型：金融结构的经济学分析，包括信息不对称问题及其解决方法：商业银 行经营管理：非银行金融机构：中央银行及货币政策：货币供给和需求：通货膨胀。通过本 课程的学习，使学生了解金融学的基本概念与基础知识，熟悉金融学原理体系、分析框架及 思维方式，从而为今后专业课学习打下扎实的基础。 The whole body system of this course includes:Financial system which includes the financial market and financial intermediary:Interest rate which includes the concept of interest rate,the behavior of interest rate,and the risk and term structure of interest rate. Money:Stock market and the stock valuation,Economic analysis of financial structure which includes the issue of information asymmetry and the solutions;Banking management; Non-bank finance:Central bank and the monetary policy:Money supply and demand: Inflation.From studying this course,the students will understand the basic concepts and fundamental knowledge of finance,and be acquainted with financial principle and analysis methods.Those skills will help the students to improve their consequent study of specialized courses 三、课程性质与教学目的 This course is the compulsory major course for students majored in economics and management.It is a specialism which requires that the students can understand and master the basic knowledge and theories of finance,such as money,interest rate,financial instruments and financial markets,theories of money demand and supply and commercial banks.Through studying of this course,the students can apply the knowledge leamed to explain and analyze some real economic issues
《Finance》课程教学大纲 一、课程基本信息 课程代码：16440604 课程名称：金融学（全英） 英文名称：Finance 课程类别：专业必修课 学 时：64 学 分：4 适用对象：金融工程、金融学、投资学、保险专业本科生 考核方式：考试 先修课程：微观经济学 二、课程简介 金融学（全英）课程的主要内容包括：包括金融市场和金融中介机构在内的金融系统； 利率，包括利率的定义，利率的变动以及利率的期限和风险结构；货币的定义及职能；股票 市场及股票估值模型；金融结构的经济学分析，包括信息不对称问题及其解决方法；商业银 行经营管理；非银行金融机构；中央银行及货币政策；货币供给和需求；通货膨胀。通过本 课程的学习，使学生了解金融学的基本概念与基础知识，熟悉金融学原理体系、分析框架及 思维方式，从而为今后专业课学习打下扎实的基础。 The whole body system of this course includes: Financial system which includes the financial market and financial intermediary; Interest rate which includes the concept of interest rate, the behavior of interest rate, and the risk and term structure of interest rate; Money; Stock market and the stock valuation; Economic analysis of financial structure which includes the issue of information asymmetry and the solutions; Banking management; Non-bank finance; Central bank and the monetary policy; Money supply and demand; Inflation. From studying this course, the students will understand the basic concepts and fundamental knowledge of finance, and be acquainted with financial principle and analysis methods. Those skills will help the students to improve their consequent study of specialized courses. 三、课程性质与教学目的 This course is the compulsory major course for students majored in economics and management. It is a specialism which requires that the students can understand and master the basic knowledge and theories of finance, such as money, interest rate, financial instruments and financial markets, theories of money demand and supply and commercial banks. Through studying of this course, the students can apply the knowledge learned to explain and analyze some real economic issues
At the same time,the students can understand the differences existing between China's capital market and foreign capital market,form the rational ideas about these differences and avoid having the irrational idea of blind worship.Also,the students can correctly understand the current international status of China,and the important effects played by China,cultivating students'national sense of pride and national self-confidence. 四、教学内容及要求 Chapter 1 Why Study Money,Banking,and Financial Markets? (一)目的与要求 1.Understand the basic knowledge framework of Finance Major,and understand the structure of the teaching book. 2.Understand the goal of learning finance. 3.Be familiar with the concept of financial market and its basic classification. 4.Be familiar with the concept of financial institutions,and the features of banks 5.Be familiar with the relationships between money and business cycles, inflation and interest rates 6.Understand the concepts of monetary and fiscal policy,and the differences between these two policies (二)教学内容 Section 1 Why Study Money,Banking,and Financial Markets? 1主要内容 a.The importance of leamning this course b.The basic learning structure of this course. 2.基本概念和知识点 Money,Banks,Financial Markets 3.问题与应用（能力要求） Understand the recent development of financial market and commercial banks. Section 2 Financial Markets 1,主要内容 a.Major types of financial markets b.The relationship between bond and interest rate c.Different types of stock 2.基本概念和知识点 Bond Market,Stock Market,Common Stock,Interest Rate 3.问题与应用（能力要求） Understand the difference between bond market and stock market
1 At the same time, the students can understand the differences existing between China’s capital market and foreign capital market, form the rational ideas about these differences and avoid having the irrational idea of blind worship. Also, the students can correctly understand the current international status of China, and the important effects played by China, cultivating students’ national sense of pride and national self-confidence. 四、教学内容及要求 Chapter 1 Why Study Money, Banking, and Financial Markets? （一）目的与要求 1. Understand the basic knowledge framework of Finance Major, and understand the structure of the teaching book. 2. Understand the goal of learning finance. 3. Be familiar with the concept of financial market and its basic classification. 4. Be familiar with the concept of financial institutions, and the features of banks. 5. Be familiar with the relationships between money and business cycles, inflation and interest rates. 6. Understand the concepts of monetary and fiscal policy, and the differences between these two policies. （二）教学内容 Section 1 Why Study Money, Banking, and Financial Markets？ 1. 主要内容 a. The importance of learning this course b. The basic learning structure of this course. 2. 基本概念和知识点 Money, Banks, Financial Markets 3. 问题与应用（能力要求） Understand the recent development of financial market and commercial banks. Section 2 Financial Markets 1. 主要内容 a. Major types of financial markets b. The relationship between bond and interest rate c. Different types of stock 2. 基本概念和知识点 Bond Market, Stock Market, Common Stock, Interest Rate 3. 问题与应用（能力要求） Understand the difference between bond market and stock market
Section 3 Financial Institutions and Banking 1.主要内容 a.Major types of Financial Institutions b.The basic businesses of commercial bank c.Structure of financial system 2基本概念和知识点 Commercial Bank,Mutual Funds,Financial Crisis 3.问题与应用（能力要求） Understand the components of the financial system. Section 4 Money and Business Cycles,Inflation,Interest rate 1.主要内容 a.The relationship between money and business cycles.Inflation and interest rate b.Interpretation of these relationships 2.基本概念和知识点 Business cycle,Inflation,Money Supply 3.问题与应用（能力要求】 Interpret the relationship between money and business cycle,between money and inflation,and between money and interest rate Section5 Monetary and Fiscal Policy 1.主要内容 a.Goal of monetary policy and fiscal policy b.Difference between monetary policy and fiscal policy 2.基本概念和知识点 Monetary Policy,Fiscal Policy 3.问题与应用（能力要求） The basic conditions of monetary policy and fiscal policy in China (三)思考与实践 1.Has the inflation rate in the United States increased or decreased in the past few years?What about interest rates? 2.What is the basic activity of banks? 3.What is the typical relationship between interest rates on three-month Treasury bills,long-term Treasure bonds and Baa corporate bonds? (四)教学方法与手段 Class Teaching and media instruction (五)思政融入点 1.在讲解2008年美国次贷危机爆发的原因及后果的同时，向学生展示中 国在此次危机中所表现出的大国担当以及不计前嫌通过购买美国国债向美国提 2
2 Section 3 Financial Institutions and Banking 1. 主要内容 a. Major types of Financial Institutions b. The basic businesses of commercial bank c. Structure of financial system 2. 基本概念和知识点 Commercial Bank, Mutual Funds, Financial Crisis 3. 问题与应用（能力要求） Understand the components of the financial system. Section 4 Money and Business Cycles, Inflation, Interest rate 1. 主要内容 a. The relationship between money and business cycles, Inflation and interest rate b. Interpretation of these relationships 2. 基本概念和知识点 Business cycle, Inflation, Money Supply 3. 问题与应用（能力要求） Interpret the relationship between money and business cycle, between money and inflation, and between money and interest rate. Section 5 Monetary and Fiscal Policy 1. 主要内容 a. Goal of monetary policy and fiscal policy b. Difference between monetary policy and fiscal policy 2. 基本概念和知识点 Monetary Policy, Fiscal Policy 3. 问题与应用（能力要求） The basic conditions of monetary policy and fiscal policy in China （三）思考与实践 1. Has the inflation rate in the United States increased or decreased in the past few years? What about interest rates? 2. What is the basic activity of banks? 3. What is the typical relationship between interest rates on three-month Treasury bills, long-term Treasure bonds and Baa corporate bonds? （四）教学方法与手段 Class Teaching and Media Instruction （五）思政融入点 1. 在讲解 2008 年美国次贷危机爆发的原因及后果的同时，向学生展示中 国在此次危机中所表现出的大国担当以及不计前嫌通过购买美国国债向美国提
供的帮助，从而提高学生的文化自信心。与此同时，通过案例分析使学生正确 认识到金融创新有序发展以及金融监管的重要性。 2.讲解1997年亚洲金融危机案例时，通过分析港币保卫战这一具体事件 的过程使学生认识到在危机爆发后中央政府为香港提供的巨大帮助，充分认识 到国家作为地区和人民坚强后盾的重要作用，从而培养学生的爱国情怀和民族 自豪感。 Chapter 2 An overview of the financial system (一)目的与要求 1.Understand the difference between direct finance and indirect finance. 2.Be familiar with the importance of direct finance. 3.Master the difference classifications of financial markets,and the concepts and functions of each market 4.Master the functions of financial intermediary. 5.Master the concepts and features of those financial instruments. (二)教学内容 Section 1 Function of Financial Markets 1主要内容 a.Difference between direct finance and indirect finance b.The importance of direct finance 2.基本概念和知识点 Direct Finance.Indirect Finance 3.问题与应用（能力要求） The importance of direct finance and its difference with indirect finance Section 2 Structure of Financial Markets 1.主要内容 a.Debt and equity markets b.Primary and secondary markets c.Exchanges and Over-the-Counter(OTC)Markets d.Money and capital markets 2.基本概念和知识点 Debt market,equity market,primary market,secondary market,money market and capital market 3.问题与应用（能力要求） a.Difference between debt and equity market b.Different functions of primary market and equity market c.Difference between money market and capital market 3
3 供的帮助，从而提高学生的文化自信心。与此同时，通过案例分析使学生正确 认识到金融创新有序发展以及金融监管的重要性。 2. 讲解 1997 年亚洲金融危机案例时，通过分析港币保卫战这一具体事件 的过程使学生认识到在危机爆发后中央政府为香港提供的巨大帮助，充分认识 到国家作为地区和人民坚强后盾的重要作用，从而培养学生的爱国情怀和民族 自豪感。 Chapter 2 An Overview of the Financial System （一）目的与要求 1. Understand the difference between direct finance and indirect finance. 2. Be familiar with the importance of direct finance. 3. Master the difference classifications of financial markets, and the concepts and functions of each market. 4. Master the functions of financial intermediary. 5. Master the concepts and features of those financial instruments. （二）教学内容 Section 1 Function of Financial Markets 1. 主要内容 a. Difference between direct finance and indirect finance b. The importance of direct finance 2. 基本概念和知识点 Direct Finance, Indirect Finance 3. 问题与应用（能力要求） The importance of direct finance and its difference with indirect finance Section 2 Structure of Financial Markets 1. 主要内容 a. Debt and equity markets b. Primary and secondary markets c. Exchanges and Over-the-Counter (OTC) Markets d. Money and capital markets 2. 基本概念和知识点 Debt market, equity market, primary market, secondary market, money market and capital market 3. 问题与应用（能力要求） a. Difference between debt and equity market b. Different functions of primary market and equity market c. Difference between money market and capital market
Section 3 Money market instruments 1.主要内容 a.The features of United States Treasury Bills b.The features and processes of Negotiable Bank Certificates of Deposits(CD) c.The features of Commercial Paper d.The concept and procedures of Repurchase Agreements e.Federal Funds 2.基本概念和知识点 United States Treasury Bills,Negotiable CD,Commercial Paper,Repurchase Agreement.Federal funds 3.问题与应用（能力要求 Differences among different money market instruments Section4 Capital market instruments 1.主要内容 a.The features of Mortgages b.The features of corporate bonds c.The features of US Government Securities d.The features of Municipal Bonds 2.基本概念和知识点 Mortgages,Corporate Bonds,US Government Securities,Municipal Bonds 3.问题与应用（能力要求） Differences among different capital market instruments (三)思考与实践 1.How can the adverse selection problem explain why you are more likely to make a loan to a family member than to a stranger? 2.Think of one example in which you have had to deal with the adverse selection problem. 3.Why is a share of Microsoft common stock an asset for its owner and a liability for Microsoft? (四)教学方法与手段 Class Teaching and Media Instruction (五)思政融入点 通过讲解中国金融市场与金融工具的发展状况，并与美国市场展开对比， 使学生了解中国情况的同时，明确中美差距是由制度及发展阶段差异所导致 避免学生出现盲目崇拜外国制度的非理性思维。 Chapter 3 What is money?A comparative approach to measuring money? (一)目的与要求 4
4 Section 3 Money market instruments 1. 主要内容 a. The features of United States Treasury Bills b. The features and processes of Negotiable Bank Certificates of Deposits (CD) c. The features of Commercial Paper d. The concept and procedures of Repurchase Agreements e. Federal Funds 2. 基本概念和知识点 United States Treasury Bills, Negotiable CD, Commercial Paper, Repurchase Agreement, Federal funds 3. 问题与应用（能力要求） Differences among different money market instruments Section 4 Capital market instruments 1. 主要内容 a. The features of Mortgages b. The features of corporate bonds c. The features of US Government Securities d. The features of Municipal Bonds 2. 基本概念和知识点 Mortgages, Corporate Bonds, US Government Securities, Municipal Bonds 3. 问题与应用（能力要求） Differences among different capital market instruments （三）思考与实践 1. How can the adverse selection problem explain why you are more likely to make a loan to a family member than to a stranger? 2. Think of one example in which you have had to deal with the adverse selection problem. 3. Why is a share of Microsoft common stock an asset for its owner and a liability for Microsoft? （四）教学方法与手段 Class Teaching and Media Instruction （五）思政融入点 通过讲解中国金融市场与金融工具的发展状况，并与美国市场展开对比， 使学生了解中国情况的同时，明确中美差距是由制度及发展阶段差异所导致， 避免学生出现盲目崇拜外国制度的非理性思维。 Chapter 3 What is money? A comparative approach to measuring money? （一）目的与要求
1.Master the concept of money 2.Be familiar with the differences among money,currency,wealth and income. 3.Understand the evolution of the payment system. 4.Master the functions of money. 5.Be familiar with the compositions of monetary aggregates in the U.S (二)教学内容 Section 1 Meaning of Money 1.主要内容 a.What is money? b.Relationship between money and income,currency and wealth. 2.基本概念和知识点 Money,Income,Currency and Wealth 3.问题与应用（能力要求） Difference among concepts and features of money,income,currency and wealth Section 2 Functions of Money 1.主要内容 a.Medium of exchange b.Unit of account c Store of value 2.基本概念和知识点 Medium of exchange,Unit of account,Store of value 3.问题与应用（能力要求） How the three functions differentiate money from other commodity goods. Section 3 Measuring Money 1.主要内容 a.How the money is measured in United States b.How the money is measured in China 2.基本概念和知识点 Demand Deposits,Small Denomination Time Deposits,Savings Deposits, Money Market Deposit Accounts,Money Market Mutual Fund Shares 3.问题与应用（能力要求） Different levels of money and how the money level is defined (三)思考与实践 1.According to the actual data in U.S.,calculate what is the number of MI and M2 in U.S.and discuss what is the changing trend of money supply in U.S. 2.Which of the following three expressions uses the definition of money? a.How much money did you eamn last week? b.When I go to the store,I always make sure that I have enough money
5 1. Master the concept of money. 2. Be familiar with the differences among money, currency, wealth and income. 3. Understand the evolution of the payment system. 4. Master the functions of money. 5. Be familiar with the compositions of monetary aggregates in the U.S. （二）教学内容 Section 1 Meaning of Money 1. 主要内容 a. What is money? b. Relationship between money and income, currency and wealth. 2. 基本概念和知识点 Money, Income, Currency and Wealth 3. 问题与应用（能力要求） Difference among concepts and features of money, income, currency and wealth Section 2 Functions of Money 1. 主要内容 a. Medium of exchange b. Unit of account c. Store of value 2. 基本概念和知识点 Medium of exchange, Unit of account, Store of value 3. 问题与应用（能力要求） How the three functions differentiate money from other commodity goods. Section 3 Measuring Money 1. 主要内容 a. How the money is measured in United States b. How the money is measured in China 2. 基本概念和知识点 Demand Deposits, Small Denomination Time Deposits, Savings Deposits, Money Market Deposit Accounts, Money Market Mutual Fund Shares. 3. 问题与应用（能力要求） Different levels of money and how the money level is defined. （三）思考与实践 1. According to the actual data in U.S., calculate what is the number of M1 and M2 in U.S. and discuss what is the changing trend of money supply in U.S. 2. Which of the following three expressions uses the definition of money? a. How much money did you earn last week? b. When I go to the store, I always make sure that I have enough money
c.The love of money is the root of all evil (四)教学方法与手段 Class Teaching and Media Instruction (五)思政融入点 通过讲解货币制度发展史，使学生充分了解每一种货币制度的优点与缺点 及产生的时代背景，培养学生形成以发展眼光来看问题的理性思维。 Chapter 4 Understanding Interest Rates (一)目的与要求 1.Understand the definition of present value. 2.Understand the goal of introducing the definition of present value 3.Master the method of discounting the future. 4.Be familiar with the definition of time line and its function. 5.Master the features of four types of credit market instrument,and the method to calculate the present value of each instrument. 6.Master the definition of interest rate and its relationship between interest rate and yield to maturity. 7.Master the method of calculating yield to maturity of each credit market instrument. 8.Master the definition of rate ofretum and its relationship withyield to maturity. 9.Be familiar with the definition of interest rate. 10.Master the definition of nominal interest rate and real interest rate. (二)教学内容 Section 1 Present Value and Discounting the Future 1.主要内容 a.Definition and calculation of present value b.Definition and calculation of final value c.Relationship between present value and final value 2.基本概念和知识点 Present Value,Final Value 3.问题与应用（能力要求 The goal of introducing present value Section 2 Four Types of Credit Market Instruments 1.主要内容 a.Different features of four credit market instruments b.Calculations of present values of credit market instruments 2.基本概念和知识点 6
6 c. The love of money is the root of all evil. （四）教学方法与手段 Class Teaching and Media Instruction （五）思政融入点 通过讲解货币制度发展史，使学生充分了解每一种货币制度的优点与缺点 及产生的时代背景，培养学生形成以发展眼光来看问题的理性思维。 Chapter 4 Understanding Interest Rates （一）目的与要求 1. Understand the definition of present value. 2. Understand the goal of introducing the definition of present value. 3. Master the method of discounting the future. 4. Be familiar with the definition of time line and its function. 5. Master the features of four types of credit market instrument, and the method to calculate the present value of each instrument. 6. Master the definition of interest rate and its relationship between interest rate and yield to maturity. 7. Master the method of calculating yield to maturity of each credit market instrument. 8. Master the definition of rate of return and its relationship with yield to maturity. 9. Be familiar with the definition of interest rate. 10. Master the definition of nominal interest rate and real interest rate. （二）教学内容 Section 1 Present Value and Discounting the Future 1. 主要内容 a. Definition and calculation of present value b. Definition and calculation of final value c. Relationship between present value and final value 2. 基本概念和知识点 Present Value, Final Value 3. 问题与应用（能力要求） The goal of introducing present value Section 2 Four Types of Credit Market Instruments 1. 主要内容 a. Different features of four credit market instruments b. Calculations of present values of credit market instruments. 2. 基本概念和知识点
Simple Loan,Fixed Payment Loan,Coupon Bond,Discount Bond 3.问题与应用（能力要求） How to draw time line and cash flows of four types of credit market instrument Section 3 Yield to maturity of each credit market instrument. 1.主要内容 a.Concept of vield to maturity b.Relationship betweenyield to maturity and interest rate 2.基本概念和知识点 Yield to Maturity 3.问题与应用（能力要求） Calculation of yield to maturity of each credit market instrument. Section 4 Rate of Retum and Interest Rates 1.主要内容 a Concept of rate of retum b.Relationship between rate of return and yield to maturity c.Components of rate of retum 2.基本概念和知识点 Rate of retum 3.问题与应用（能力要求》 Calculation of rate of retum Section 5 Interest-Rate risk.real and nominal interest rates 1.主要内容 a.Concept of interest rate risk,real interest rate and nominal interest rate b.How interest rate risk happens to bond? c.Calculation of real and nominal interest rate 2.基本概念和知识点 Interest Rate Risk,Real Interest Rate,Nominal Interest Rate 3.问题与应用（能力要求） How the interest rate changes would cause risk to bond. (三)思考与实践 1.Would a dollar tomorrow be worth more to you today when the interest rates 2.You have just won$10 million in the local lottery,which promises to pay you $1 million every year for the next ten years.Have you really won$10 million? 3.If the interest rate is 10%,what is the present value of a security that pays you $1100 next year,$1210 the year after,and $1331 the year afterthat? (四)教学方法与手段 Class Teaching and Media Instruction 7
7 Simple Loan, Fixed Payment Loan, Coupon Bond, Discount Bond 3. 问题与应用（能力要求） How to draw time line and cash flows of four types of credit market instrument Section 3 Yield to maturity of each credit market instrument. 1. 主要内容 a. Concept of yield to maturity b. Relationship between yield to maturity and interest rate 2. 基本概念和知识点 Yield to Maturity 3. 问题与应用（能力要求） Calculation of yield to maturity of each credit market instrument. Section 4 Rate of Return and Interest Rates 1. 主要内容 a. Concept of rate of return b. Relationship between rate of return and yield to maturity c. Components of rate of return 2. 基本概念和知识点 Rate of return 3. 问题与应用（能力要求） Calculation of rate of return Section 5 Interest-Rate Risk, Real and Nominal Interest Rates 1. 主要内容 a. Concept of interest rate risk, real interest rate and nominal interest rate b. How interest rate risk happens to bond? c. Calculation of real and nominal interest rate. 2. 基本概念和知识点 Interest Rate Risk, Real Interest Rate, Nominal Interest Rate 3. 问题与应用（能力要求） How the interest rate changes would cause risk to bond. （三）思考与实践 1. Would a dollar tomorrow be worth more to you today when the interest rates. 2. You have just won $10 million in the local lottery, which promises to pay you $1 million every year for the next ten years. Have you really won $10 million? 3. If the interest rate is 10%, what is the present value of a security that pays you $1100 next year, $1210 the year after, and $1331 the year after that? （四）教学方法与手段 Class Teaching and Media Instruction
Chapter 5 The behavior of interest rate (一)目的与要求 1.Understand the demand and supply curve of bond 2.Be familiar with the factors determining the quantity demanded of an asset. 3.Master the theory of asset demand 4.Understand the types ofrisk preference. 5.Master the factors that lead to the shift of demand and supply curve respectively. 6.Understand the difference between liquidity preference framework and the supply and demand of bond analysis framework. 7.Be familiar with the assumption under liquidity preference framework 8.Be familiar with the factors that affect the supply of money. 9.Master the factors that affect the demand of money. 10.Master the factors that shift the demand and supply curve of money respectively. 11.Master the real relationship between interest rate and money supply (二)教学内容 Section 1 Theory ofAsset Dem nand 1.主要内容 a Factors determining the quantity demanded of an asset b.The effects of changes of each factor on the demand of an asset c.Types ofrisk preference 2.基本概念和知识点 Expected Retum,Risk,Liquidity,Risk Preference 3.问题与应用（能力要求》 Understand the how the changes ofeach factor would affect the demand of bond. Section 2 Supply and Demand for Bonds 1.主要内容 a.Demand curve and supply curve b.Market equilibrium c.Changes in equilibrium interest rates d.Shifts in the demand for bonds e.Shifts in the supply for bonds 2基本概念和知识点 Demand Curve,Supply Curve,Market Equilibrium 3.间题与应用（能力要求） a.Difference between movements along a demand curve and shifts in a demand 8
8 Chapter 5 The behavior of interest rates （一）目的与要求 1. Understand the demand and supply curve of bond. 2. Be familiar with the factors determining the quantity demanded of an asset. 3. Master the theory of asset demand. 4. Understand the types of risk preference. 5. Master the factors that lead to the shift of demand and supply curve respectively. 6. Understand the difference between liquidity preference framework and the supply and demand of bond analysis framework. 7. Be familiar with the assumption under liquidity preference framework. 8. Be familiar with the factors that affect the supply of money. 9. Master the factors that affect the demand of money. 10. Master the factors that shift the demand and supply curve of money respectively. 11. Master the real relationship between interest rate and money supply. （二）教学内容 Section 1 Theory of Asset Demand 1. 主要内容 a. Factors determining the quantity demanded of an asset b. The effects of changes of each factor on the demand of an asset c. Types of risk preference 2. 基本概念和知识点 Expected Return, Risk, Liquidity, Risk Preference 3. 问题与应用（能力要求） Understand the how the changes of each factor would affect the demand of bond. Section 2 Supply and Demand for Bonds 1. 主要内容 a. Demand curve and supply curve b. Market equilibrium c. Changes in equilibrium interest rates d. Shifts in the demand for bonds e. Shifts in the supply for bonds 2. 基本概念和知识点 Demand Curve, Supply Curve, Market Equilibrium 3. 问题与应用（能力要求） a. Difference between movements along a demand curve and shifts in a demand
curve b.Factors that lead to the shift of demand and supply c.When expected inflation changes,how the interest rate would change? Section 3 The Liquidity Preference Framework 1.主要内容 a.Assumption under liquidity preference framework. b.Factors affect the demand of money c.Factors affect the supply of money d.Shifts in the demand for money and supply for money 2基本概念和知识点 Liquidity Preference Framework,Market for Money,Income Effect,Price-level Effect 3.问题与应用（能力要求） Under Liquidity Preference Framework,whenexpected inflation changes,how the interest rate would change? Section4 The real relationship between interest rate and money supply 1.主要内容 Four effects that affect the relationship between interest rate and money supply 2.基本概念和知识点 Liquidity Effect,Income Effect,Price-Level Effect,Expected-Inflation Effect 3.问题与应用（能力要求） a.Difference between price-level effect and expected-inflationeffect b.When liquidity effect dominates the other effect,how interest rate would change? (三)思考与实践 1.Using both the liquidity preference framework and the supply and demand for bonds framework,show why interest rates are pro-cyclical(rising when the economy is expanding and railing during recessions) 2.Why should a rise in the price level (but not in expected inflation)cause interest rates to rise when the nominal money supply is fixed? 3.What effect will a sudden increase m the volatility of gold prices have on interest rates? 4.How might a sudden increase in people's expectations of future real estate prices affect interest rates' (四)教学方法与手段 Class Teaching and Media Instruction (五)思政融入点 本章在讲解影响资产需求的因素时，将向学生传递合理配置资产、量力而为
9 curve b. Factors that lead to the shift of demand and supply. c. When expected inflation changes, how the interest rate would change? Section 3 The Liquidity Preference Framework 1. 主要内容 a. Assumption under liquidity preference framework. b. Factors affect the demand of money. c. Factors affect the supply of money d. Shifts in the demand for money and supply for money 2. 基本概念和知识点 Liquidity Preference Framework, Market for Money, Income Effect, Price-level Effect 3. 问题与应用（能力要求） Under Liquidity Preference Framework, when expected inflation changes, how the interest rate would change? Section 4 The real relationship between interest rate and money supply 1. 主要内容 Four effects that affect the relationship between interest rate and money supply 2. 基本概念和知识点 Liquidity Effect, Income Effect, Price-Level Effect, Expected-Inflation Effect 3. 问题与应用（能力要求） a. Difference between price-level effect and expected-inflation effect b. When liquidity effect dominates the other effect, how interest rate would change? （三）思考与实践 1. Using both the liquidity preference framework and the supply and demand for bonds framework, show why interest rates are pro-cyclical (rising when the economy is expanding and railing during recessions). 2. Why should a rise in the price level (but not in expected inflation) cause interest rates to rise when the nominal money supp1y is fixed? 3. What effect will a sudden increase m the volatility of gold prices have on interest rates? 4. How might a sudden increase in people's expectations of future real estate prices affect interest rates? （四）教学方法与手段 Class Teaching and Media Instruction （五）思政融入点 本章在讲解影响资产需求的因素时，将向学生传递合理配置资产、量力而为