: abranchofeconomicsdealingwiththeperformance, structure, behavior, anddecision-makingofaneconomyasawhole, includingtheaggregatedindicatorssuchasGDP, unemploymentrates, andpriceindexes.
: thepracticeoffractionalreservebanks (orotherfinancialinstitutions) borrowingmoneyonshortertimeframesthantheylendmoneyout.
: thequalitativeandquantitativeinformationthatcontributestothe
economicwell-beingandthesubsequentfinancialvaluationofacompany, -economy, theyincludeinterestrates, GDPgrowth, tradebalancesurplus/deficitsandinflationlevels, , informationsuchasrevenue, earnings, assets, liabilitiesandgrowthareconsideredsomeofthefundamentals.
-backedsecurities: , , themortgagemusthaveoriginatedfromaregulatedandauthorizedfinancialinstitution.
: thedegreetowhichanassetorsecuritycanbeboughtorsoldinthemarketwithoutaffectingtheasset’.
QuestionsforFurtherThinking
?
? GettoknowthelatestpoliciesissuedbythecentralbankofChina.
, , , panic, ’trememberlessonsfromthepast?
, ?
5.Howisthe2008financialcrisisdifferentfromothereconomiccrisesinhistory?
’snosuchthingasafreelunch, -economicregulation?
?
’seconomy? Collectsomeinformationandstatisticsthatcanillustratetheeffectsofmacroeconomicpolicies.
After-readingAssignment
OralWork
, howwouldyoupersuadetheCongresstoswiftlypasstheBushadministration’s $700billiondebtbailoutplanintheaftermathofthe2008financialcrisis? Makeashortpresentation.
2.InMay2005, Greenspansaidtherewasonly “froth” inhousing, , somebelievetherearebubblesinthehousingmarketinChina, orevenworse, .
, , ? Doyouhavesomesmartideastoshare, orhaveyoulearnedanylessons? Sharethemwithyourclassmates.
? Whatqualitiesdoyouthinkareimportanttoaninvestor? Makeashortpresentationlisting3qualitiesthatyouthinkareessentialtoaninvestorinthefinancialmarket.
WrittenWork
1.HowdidChinarespondtothe2008financialcrisis? ConductaresearchandwriteareportaboutChina’ssignificanceasanemergingpowerduringthatcrisis, andaboutChina’sfutureroleintheglobalfinancialmarket.
, GordonGekko’snotoriouswords “Greedisgood” vividlydepictthetruefacebehindAmerica’? Writea400-wordessayarguingfororagainsttheclaim “Greedisgood”.
, whilereversebraindrainoccurswhenhumancapitalmovesinreverse, ? Writeaproposalstatingsomerelevantpoliciesconcerningthisquestion.
FurtherReadings
TheMethodologyofPositiveEconomicsbyMiltonFriedman
EconomicsforBusinessandManagementbyAllanGriffithsandStuartWall
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综合英语西方经典文学作品电子版
综合英语西方思想经典选读
综合英语西方思想经典选读电子版