课程简介 这是一门经济经济学方面的基础理论课 程。包括财政学和金融学两个组成部分。 这两个部分共同的研究对象是社会经济运 行当中资金的运动。不同的是: 财政——研究以政府为中心的资金收支; 金融——研究社会货币资金的相互广泛融通 本教材结构体系中,第一章到第七章为财 政学部分;第八章到第十五章为金融学部分

《世界经济》杂志是一份综合性的经济学理论刊物,主要刊登经济学各个领域的研究文章。本刊侧重世界 经济相关领域的理论研究(世界经济学、国际贸易、国际金融、开放条件下的宏观经济学,国际政治经济学 转轨经济学,发展经济学、中国对外开放、区域和国别经济等),但也刊登研究中国经济体制改革、经济学基 础理论、经济思想史,经济史、管理经济学等方面的论文。同时,本刊还刊登有关興论研究综述和介绍外国经 验的论文

Chapter 14: Contents Distinction Between Forward The \Implied\Risk-Free Rate Futures Contracts The Forward Price is nota The Economic Function of Forecast of the Spot Price Futures Markets Forward-Spot Parity with Cash The Role of Speculators Payouts

Using Present Value Formulas to value Known Flows The Basic Building Blocks: Pure Discount Bonds Coupon Bonds, Current Yield, and Yield-To-Maturity Reading Bond Listings Why Yields for the Same Maturity Differ The Behavior of Bond Prices over Time

The relationship between The law of one price an asset's' value& price arbitrage Value maximization Interest rates the law financial decisions of one price Accounting measures of Exchange rates value

Contents Introduction Reading Stock Listings The Discounted Dividend model Earnings and Investment Opportunities A Reconsideration of the Price/Earnings Multiple Approach Does Dividend Policy Affect Shareholder Wealth?

Chapter 10: An Overview of Risk Management Objective Risk and Financial Decision Making Conceptual Framework for Risk Management Efficient Allocation of Risk-Bearing

Chapter 11 Contents 11.1 Using Forward Futures 11.6 Basic Features of Contracts to Hedge risks Insurance Contracts 11.2 Hedging Foreign- 11.7 Financial Guarantees Exchange Risk with Swap11.8caps& Floors on Contracts Interest Rates

Chapter 12 Contents The process of personal portfolio selection The trade-off between expected return and risk Efficient diversification with many risky assets

School of Management About my name About my TA About the course About the requirements 20% assignment class performance 15%mid- term test 65% final test About the book and authors