金融学-1-3,to students课件.ppt

作 业： 本课程将布置若干作业， 作业课后一周上交。 考 核： 期末考试(70%) 课堂作业(30%) 参考材料： Frederic S. Mishkin, The Economics of Money, Banking, and Financial Markets, 7th edition 朗咸平说 参考消息 21世纪经济报道 为什么学习金融学 管理个人的财富 处理商务世界的问题 寻求有趣和回报丰厚的职业 作为一个公民作出有见地的选择 扩展你的视野(to expand your mind) 如何学习？ 内容： 一、体系、结构、关系、工具 二、概念、计算、理解、分析 方法： 讲述、讨论、阅读与案例分析 前沿知识、交叉学科 教材的作用、PPT的作用 有些有趣、有些沉闷，但都要认真的学 Teach with respect, learn with respect! 什么是金融学？ 首先，要明白什么是经济学？经济学与金融学有何不同？ 第一个问题：经济学研究什么？Story 从哲学意义上讲，如果说政治是“妥协”的艺术那么，经济学就是“交换”的规律。 基本认识 Economics: The study of how society decides what gets produced, how it gets produced, and who gets what.（生产多少？为谁生产？如何生产？如何分配等问题） Microeconomics: The branch of economics that studies the behavior of individual decision-making units such as households and business firms. Macroeconomics: The branch of economics that studies the aggregate or total behavior of all households and firms. Microeconomics Finance: The study of how the financial system coordinates and channels the flow of funds from lenders to borrowers – and vice versa – and how new funds are created by financial intermediaries in the borrowing process. “金融学” 研究资金融通。 Robert C. Merton在Finance教科书中认为：“金融学是研究人们在不确定的环境中如何进行稀缺资源的时间配置的学科。” Finance is the study of how people allocate scarce resources over time. 跨时性，这一点涵盖在经济学的研究目的之一。 Finance as a scientific discipline is the study of how to allocate scarce resources over time under conditions of uncertainty. 那么什么是不确定性？不确定性与风险有何区别？ 不确定性与风险 Financial system: the set of markets and other institutions used for financial contracting and the exchange of asset and risk. Markets, financial intermediaries, financial service firms and the regulatory bodies. Finance theory consists of a set of concepts that help you to organize your thinking about how to allocate resources over time and a set of quantitative models to help you evaluate alternatives , make decision, and implement them. Finance is a subfield o