Microeconomics Microeconomics(微观经济学) is the study of how individual households and firms make decisions and how they interact with one another in markets

Real GDP versus Money GDP (实际GDP和名义GDP) Money GDP/Nominal GDP(名义GDP) values the production of goods and services at current prices(以现价). Real GDP(实际GDP) values the production of goods and services at constant prices(以不变价格)

8-1: A Tour of the Labor Market 8-2: Movements in Unemployment 8-3: Wage Determination 8-4: Price Determination 8-5: The Natural Rate of Unemployment 8-6: Where We Go From Here

employment GDP=DI consumption saving

6-1: Openness in Goods Market 6-2: Openness in Financial Market 6-3: Conclusions and a Look ahead

The foreign exchange（Forex）includes means of payments and assets denominated in foreign currency for international settlement

1. Brief Introduction on Central Bank Four Players in Money Supply Process Structure of Central Banks and the Federal Reserve System The Fed’s Balance Sheet

一、 商业票据（commercial paper） 二、 国债（treasury bill） 三、 银行存单（certificate of deposit） 四、公司债券（corporate bond） 五、 抵押债券（mortgage） 六、回购协议（repurchase agreement）

4-1: The Demand for Money 4-2: The Determination of the Interest Rate: I 4-3: The Determination of the InterestRate:Ⅱ

一、本章教学目的与要求： 总需求的定义、内容； 总需求曲线的定义、推导、斜率和平移；