1.1投资与金融资产 1.1.1投资(Investment):为了获得可能但并不确定的未来值(Future value)而作出牺牲确定的现值(Present value)的行为(William.Sharpe,1990年获得诺贝尔经济学奖)时间性:牺牲当前消费(Reduced current consumption)计划的未来消费( Planned later consumption)

Capital Budgeting Any capital budgeting process consists of three elements: coming up with proposals for investment projects evaluating them -deciding which ones to accept and which to rejec

经济类课件汇集_FIN2101_Lecture10 Investment and Financing Decisions

Some facts in business-cycle Real-business-cycle theory's explanation to some important economic variables Explanation to the fluctuations of output, consumption investment Explanations to employment fluctuation Explanations to monetary fluctuation Evaluation to Real-business-cycle theory

8.1 Keynesian consumption function 8.2 A simple two-period model 8.3 Consumption theory after Keynes Permanent-income Hypothesis Life-style Hypothesis 8.4 Real interest& decision-making- between consumption and saving

一、加速模型 二、利润决定的投资函数模型 三、新古典投资函数模型 四、一个中国的投资函数模型

Learning Objectives Distinguish between deductions for and from AGI Discuss the criteria for deducting business and investment deducting travel and entertainment or List the substantiation requirements fo expenses Explain the timing of deductions under both the cash and accrual methods

Chapter Objective: This chapter discusses various issues associated with foreign direct investments by MNCs, which play a key role in shaping the nature of the emerging global economy

INVESTMENTS Fourth Edition Efficient Market Hypothesis (EMHD Do security prices reflect information Why look at market efficiency Implications for business and corporate finance Implications for investment

Course overview The focus of this course is on financial theory and empirical evidence that are useful for investment decisions. The topics include: Financial theory: This include portfolio theory, CAPM, APT, discount factor model, they are important for decision-making in investments;