Chapter Organization Introduction Money Defined: A Brief Review The Demand for Money by Individuals Aggregate Money Demand The Equilibrium Interest Rate The Interaction of Money Supply and Demand

中国社会科学院大学：外国语学院《英文报刊阅读》课程教学大纲

Chapter Organization How the European Single Currency Evolved The Euro and Economic Policy in the Euro Zone The Theory of Optimum Currency Areas The Future of EMU Summary

The Case for Floating Exchange rates The Case Against Floating Exchange Rates Macroeconomic Interdependence Under a Floating rate What Has been Learned Since 1973? Are Fixed Exchange Rates Even and Option for mostCountries?

LAW OF ITERATED EXPECTATIONS Law of Iterated Expectations Theorem 1 Law of iterated expectation.s The notation Er[ indicates the expectation over the value of a Example

Expectations and Conditional Expectations Definition 1 Discrete Random Variable random wariable is discrete f the set of outcomes is either finite in number or countably

Review Conditional pdf Let(Y1,., YN) have joint pdf f(31,.. JN). Let f(3J+1, .. yN)be the marginal pdf of(y+1,……,YN). The conditional pdf of y1,…, Y, given y+1,…, YN is defined by

Review Problems for Midterm 1 Least Squares 1. In the linear regression model

Chapter 7 Functional Form and Structural Change 7.1 Using binary variable Example 1 Earnings equation for married women

Chapter 6 Large Sample Inference and Prediction 6.1 Large sample inference Consider the null hypothesis