Revision: I. Expressions Directions: Turn the following English terms into Chinese without looking at your textbook 1. market slump 2. market boom 3. market share 4. market fluctuations 5. strong market

The objective of this chapter is to put the previously discussed two models -- the models of product market and money market --together and discuss how output and interest rate is determined The model presented in this chapter is often called the IS-LM model (IS: the product market model; LM the money market model)

The Multiplier Process as Market Exchange Process A Contribution to the Micro Foundation of Keynesian Macroeconomics Abstract Traditional equilibrium analysis has been incorrectly founded once an \ordering issue\ is concerned. To circumvent this problem, the autonomous demand, which has been missed in traditional microeconomic analysis, has to be introduced into the system as a starting point of a sequence of market exchanges. Following this direction, Keynes's multiplier analysis can also be viewed as a description of the process through which market exchanges are generated. Further

The Market Forces of Supply and Demand Supply and demand are the two words that economists use most often. Supply and demand are the forces that make market economies work. Modern microeconomics is about supply, demand, and market equilibrium

Market Efficiency-Market Failure Recall that: Adam Smith’s “invisible hand” of the marketplace leads self-interested buyers and sellers in a market to maximize the total benefit that society can derive from a market

二板市场 the second board market 中国创业板 China Growth Enterprise Market 首次上市 IPOs (initial public offering) 市场资本总额 market capitalization 法人股 institutional shares 内部股（非上市招股） private company shares 牛市 bull market

Market Efficiency - Market Failures Recall that: Adam Smith’s “invisible hand” of the marketplace leads self￾interested buyers and sellers in a market to maximize the total benefit that society can derive from a market

Chapter 2 Basic Analytical Tools 1. General Equilibrium Analysis一般均衡法 1) GEA means analyzing two or more than two related markets at the same time(eg. Export Market and Import Market, Goods Market and Factor Market) 2) We usually use the PPF and CICas the basic tools in the general equilibrium analysis of international trade

Introduction The objective of this chapter is to put the previously discussed two models --the models of product market and money market --together and discuss how output and interest rate is determined The model presented in this chapter is often called the IS-LM model (IS: the product market model; LM the money market model)

The objective of this chapter is to study how money and interest rate is determined in the money and financial market. The money and financial market is the market in which money and various financial assets (such as, bonds and stocks) are exchanged