《中级财务会计学》课程教学资源（PPT课件讲稿）目录

▪ 一、税收概念 ▪ 二、税收负担分析 ▪ 三、税负转嫁与归宿 ▪ 四、税收原则 ▪ 五、最优税收理论

一、菜肴配制的类型 (一)依菜肴配制在烹调工艺流程中的位置分: 1.冷菜配制 配制一般冷菜的方法有三种:单一原料冷盘的配制

▪ 5.1 财政支出分类 ▪ 5.2 财政支出规模理论 ▪ 5.3 财政支出成本效益分析法

Types of market efficiency The weak-form of efficiency: price accurately reflect all information that can be derived by examining market trading data such as past prices, trading volume, short interest rate, etc

INVESTMENTS Two-Security Portfolio: Return rp =W+W2r2 W Proportion of funds in Security 1 W2 Proportion of funds in Security 2 =Expected return on Security 1

Fourth Edition Advantages of the Single Index Model Reduces the number of inputs for diversification. Portfolio of 50 assets 50 expected returns;50 variances 1225 covariance. too difficult a task

INVESTMENTS Fourth Edition Efficient Market Hypothesis (EMHD Do security prices reflect information Why look at market efficiency Implications for business and corporate finance Implications for investment

Outline MM ean-variance analysis; ean-variance analysis and utility maximization; Does high moment matter?

Consumption-Based Model and Basic Pricing model Basic question to decide for an investor: (1) how much to save; (2)how much to consume; (3)what portfolio of assets to hold. Pricing equation come from the first order condition for this decision