hool of Business, Sun Y at-sen University Lesson 1 Introduction to Accounting Exercise Short Answer questions 1. Please elaborate the term of efficient market 2. Please elaborate the terms of ethical man, economic man, rational economic

The term adverse selection comes originally from insurance applications. An insurance contract may attract high-risk individuals, with the result that the pool of insured customers may be riskier than the population at large Adverse selection is now used generically to describe situations of asymmet ric information, particularly market settings in which some individuals have private information about their characteristics and where the individuals

资本市场(Capital Market)是期限 在一年以上的中长期金融市场,其 基本功能是实现并优化投资与消费 的跨时期选择。按市场工具来划分 ,资本市场通常由股票市场、债券 市场和投资基金构成

第一节市场失灵 一、市场失灵(Market failures)概念:指在某些方面或领域导致资源配置达不到帕 累托最优状态. 二、市场失灵的表现 1.经济波动; 2.垄断; 3不完全信息; 4外部性; 5.公共物品; 6收入分配不均等

Lesson Thirteen Creating an Effective Business Plan( Abstract: This article (including the following two texts) tells how to prepare a business plan. USually a business plan consists of the following structures: Introductory Elements, Business Description, The Market Development Production, Sales Marketing Management, Financials

Standard Approach to Estimating Volatility (Equation 15.1 Define on as the volatility per day between day n-1 and day n, as estimated at end of day n-1 · Define, as the value of market variable at end of day i Define ui= In(S /Si-1)

Signaling games are used to model the following situation: Player 1, the Sender, receives some private information and sends a message m E M to Player 2, the Receiver. The latter, in turn, observes m but not 0, and chooses response r E R. Players'payoffs depend on 0, m and r. What could be simpler? Yet, there is a huge number of economically interesting games that fit nicely within this framework: Spence's job market signaling model is the leading example, but applications abound in IO (limit pricing, disclosure...) finance (security design) and political economics

国际金融_Chapter 9 国际金融市场（International Financial market）

国际金融_Chapter 3 外汇交易市场（Foreign Exchange Market & Transaction）

Chapter 1 Introduction Chapter 2 Security Market Chapter 3 The Valuation of Riskless Securities Chapter 4 The Valuation of Risky Securities Chapter 5 Fixed– income Security