What Are We doing in this Chapter? We apply our basic framework of consumer choice to study issues of choices across different time periods, e Again in terms of theoretical framework, not much is new!

The Purpose of this Chapter To begin to understand the art of building an economic model To begin to understand three basic elements of modeling in economics: Purpose Simplification through assumptions -Value judgment

Main issue Mean-Variance Utility Budget Constraints for Risky Assets Measuring Risk Capital Asset Pricing Model

Main Issue state-contingent- consumption plan Preferences Under Uncertainty and Expected utility risk- aversion,risk- loving, and risk- neutrality Competitive Insurance

阶段测试题(四)参考答案 一、单项选择题:(每题1分,共10分) 1.A2.B3.a4.C5.D 6.D 7.A 8.a9.d 10.B

一、单项选择题:(每题1分,共10分) 1.每一单位股份所代表的实际资产价值是股票的() A帐面价值 B票面价值 C真实价值 D内在价值

一.单项选择题(每题1分,共10分) 1、C2、C 3、D 4、B 5、D 6、B 7、A

一、单项选择题:(每题1分,共10分) 1.()是股份公司筹集资本的最基本工具 A.银行贷款 B.优先股 C.公司债 D.普通股

1.经营者应对物资供应工作实施有效控制企业家.1997年报5期: 2.统进分销、连锁经营的计算机实现市场与电脑.1998年1期

assets An asset is a commodity that provides a flow of services over time. +E.g. a house, or a computer. .A financial asset provides a flow of money over time -a security