“The best things in life are free. . .” Free goods provide a special challenge foreconomic analysis Most goods in our economy are allocatedin markets… for these goods, prices are the signalsthat guide the decisions of buyers andsellers

国家开放大学：2008—2009学年第一学期“开放本科”金融学专业金融理论前沿课题期末试题（开卷）

国家开放大学：2008—2009学年第一学期“开放本科”金融学专业金融法规期末试题（半开卷）

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

Revisiting the Market Equilibrium Do the equilibrium price and quantity maximize the total welfare of buyers and sellers? Market equilibrium reflects the way markets allocate scarce resources. Whether the market allocation is desirable is determined by welfare economics

国家开放大学：2007—2008学年第一学期“开放本科”金融学专业金融理论前沿课题期末试题（开卷）

国家开放大学：2007—2008学年第一学期“开放本科”金融学专业金融法规期末试题（半开卷）

Importance of Supply-Demand Analysis A little knowledge goes a long way: Price Control, Taxation and other policies. Market welfare: Normative Analysis International Trade Externality (Market Failure) Market Power (Market Failure) Other markets: Financial Market, Labor Market. Macroeconomics

国家开放大学：2006—2007学年第一学期“开放本科”金融学专业金融理论前沿课题期末试题（开卷）

国家开放大学：2016年春季学期“开放本科”金融学专业公司财务期末试题（半开卷）