This course provides an introduction to monetary economics of banking. In particular, in the teaching focus is the importance of money, interest rates, as well as the functionof financial institutions and central banking in terms of how money is borrowed andlent, how banks, especially the Fed and other financial firms operate, and howpolicymakers regulate the financial system. 三、课程大纲

Chapter 1 Introducing Money and the Financial System

Contents

Identify the Key Components of the Financial System

Provide an Overview of the Financial Crisis of 2007-2009

Explain the Key Issues and Questions the Financial Crisis Raises

Chapter 2 Money and the Payments System

Contents

Analyze the Inefficiencies of a Barter System

Discuss the Four Key Functions of Money

Explain the Role of the Payments System

Explain How the U.S. Money Supply is Measured

Use the Quantity Theory of Money to Analyze the Relationship between Money and Prices in the

Long Run

Chapter 3 Interest Rates and Rates of Return

Contents

Explain How the Interest Rate Links Present Value with Future Value

Distinguish Among Different Debt Instruments and Understand How Their Prices are DeterminedExplain the Relationship Between the Yield to Maturity on a Bond and its Price

Understand the Inverse Relationship Between Bond Prices and Bond Yields

Explain the Difference Between Interest Rates and Rates of Return

Explain the difference Between Nominal Interest Rates and Real Interest Rates

Chapter 4 Determining Interest Rates

Contents

Discuss the Most Important Factors in Building an Investment Portfolio

Use a Model of Demand and Supply to Determine Market Interest Rate for Bonds

Use the Bond Market Model to Explain Changes in Interest Rates

Use the Loanable Funds Model to Analyze the International Capital Market

Chapter 5 The Risk Structure and Term Structure of Interest Rates

Contents

Explain Why Bonds with the Same Maturity Can Have Different Interest Rates

Explain Why Bonds with Different Maturities Can Have Different Interest Rates

Chapter 6 The Stock Market, Information, and Financial Market Efficiency

Contents

Understand the Basic Operations of the Stock Market

Explain How Stock Prices are Determined

Explain the Connection Between the Assumption of Rational Expectations and the Efficient

Markets Hypothesis

Discuss the Actual Efficiency of Financial Markets

Discuss the Basic Concepts of Behavioral Finance

Chapter 7 Derivatives and Derivative Markets

Contents

Explain What Derivatives are and Distinguish Between Using Them to Hedge and Using ThemtoSpeculate

Define Forward Contracts

Discuss How Futures Contracts Can Be Used to Hedge and Speculate

Distinguish Between Call Options and Put Options and Explain How They Are Used

Define Swaps and Explain How They Can Be Used to Reduce Risk

Chapter 8 The Market for Foreign Exchange

Contents

Explain the Difference Between Nominal and Real Exchange Rates

Explain How Markets for Foreign Exchange Operate

Explain How Exchange Rates are Determined in the Long Run

Use a Demand and Supply Model to Explain How Exchange Rates are Determined in the Short

Run

Chapter 9 Transactions Costs, Asymmetric Information, and the Structure of the Financial SystemContents

Analyze the Obstacles to Matching Savers and Borrowers

Explain the Problems that Adverse Selection and Moral Hazard Pose for the Financial SystemUse Economic Analysis to Explain the Structure of the U.S. Financial System

Chapter 10 The Economics of Banking

Contents

Understand Bank Balance Sheets

Describe the Basic Operations of a Commercial Bank

Explain How Banks Manage Risk

Explain the Trends in the U.S. Commercial Banking Industry

Chapter 11 Investment Banks, Mutual Funds, Hedge Funds, and the Shadow Banking SystemContents

Explain How Investment Banks Operate

Distinguish Between Mutual Funds and Hedge Funds and Describe Their Roles in the Financial

System

Explain the Roles that Pension Funds and Insurance Companies Play in the Financial SystemExplain the Connection Between the Shadow Banking System and Systemic Risk

Chapter 12 Financial Crises and Financial Regulation

Contents

Explain What Financial Crises are and What Causes Them

Understand the Financial Crisis that Occurred During the Great Depression

Understand What Causes the Financial Crisis of 2007-2009

Discuss the Connection Between Financial Crises and Financial Regulation

Chapter 13 The Federal Reserve and Central Banking

Contents

Explain Why the Federal Reserve System is Structured the Way it is

Explain the Key Issues Involved in the Fed’s Operations

Discuss the Issues Involved with Central Bank Independence Outside the United States

课程目录：

2.货币经济学-1.1经济活动中的货币现象-01

3.货币经济学-1.1经济活动中的货币现象02

4.货币经济学-1.1经济活动中的货币现象03

5.货币经济学-1.2货币理论发展脉络01

6.货币经济学-1.2货币理论发展脉络02

7.货币经济学-1.2货币理论发展脉络03

8.货币经济学-1.3货币经济学课程框架

9.货币经济学-2.1货币范畴

10.货币经济学-2.2货币职能01

11.货币经济学-2.2货币职能02

12.货币经济学-2.3货币形态

13.货币经济学-2.4货币层次

14.货币经济学-2.5货币总量统计

15.货币经济学-中-3.1货币供给系统01

16.货币经济学-中-3.1货币供给系统02

17.货币经济学-中-3.2多倍存款创造01

18.货币经济学-中-3.2多倍存款创造02

19.货币经济学-中-3.2多倍存款创造03

20.货币经济学-中-3.2多倍存款创造04

21.货币经济学-中-3.3基础货币模型01

22.货币经济学-中-3.3基础货币模型02

23.货币经济学-中-3.3基础货币模型03

24.货币经济学-中-3.4货币供给的资金流量模型

25.货币经济学-中-4.1中央银行对基础货币的控制

26.货币经济学-中-4.2基础货币变动的影响因素和政府预算赤字与基础货币变动

27.货币经济学-中-4.3外汇市场干预与基础货币变动01

28.货币经济学-中-4.3外汇市场干预与基础货币变动02

29.货币经济学-中-4.3外汇市场干预与基础货币变动03

30.货币经济学-中-4.4基础货币变动的影响因素的美国事例01

31.货币经济学-中-4.4基础货币变动的影响因素的美国事例02

32.货币经济学-中-4.5银行资产转换行为与货币供给

33.货币经济学-中-4.6非银行金融中介机构与货币供给和多资产货币供给模型

34.货币经济学-中-5.1货币交易方程

35.货币经济学-中-5.2现金余额货币数量理论和货币需求动机

36.货币经济学-中-5.3流动性偏好理论与货币需求

37.货币经济学-中-5.4利率与交易性货币需求

38.货币经济学-中-5.5不确定性与预防性货币需求

39.货币经济学-中-5.6资产组合行为与投机性货币需求（上）

40.货币经济学-中-5.6资产组合行为与投机性货币需求（下）

41.货币经济学-中-5.7现代货币数量理论

42.货币经济学-中-5.8基于微观交易行为的货币需求理论

43.货币经济学-中-6.1检验货币需求时碰到的问题（上）

44.货币经济学-中-6.1检验货币需求时碰到的问题（下）

45.货币经济学-中-6.2对20世纪70年代以前货币需求的实证检验

46.货币经济学-中-6.3对20世纪70年代以后货币需求的实证检验

47.货币经济学-中-6.4货币替代、缓冲存货模型和对货币需求函数稳定性的怀疑

48.货币经济学-中-6.4货币替代、缓冲存货模型和对货币需求函数稳定性的怀疑

49.货币经济学-中-7.0引言

50.货币经济学-中-7.1信用工具类型和到期收益率

51.货币经济学-中-7.2测算利率的其他方法

52.货币经济学-中-7.3利率的多样性和流动性偏好理论

53.货币经济学-中-7.4可贷资金理论

54.货币经济学-中-7.5实际经济中的利率变动

55.货币经济学-中-7.6利率的风险结构和期限结构（上）

56.货币经济学-中-7.6利率的风险结构和期限结构（下）

57.货币经济学-中-7.7利率政策与利率市场化

58.货币经济学-中-8.1汇率与经济运行

59.货币经济学-中-8.2汇率的长期变动

60.货币经济学-中-8.3汇率的短期变动

61.货币经济学-下-9.1利率调整与总需求变动

62.货币经济学-下-9.1利率调整与总需求变动（上

63.货币经济学-下-9.2货币供应量调整与总需求变动（上）

64.货币经济学-下-9.2货币供应量调整与总需求变动（下）

65.货币经济学-下-9.3IS-LM模型（上）

66.货币经济学-下-9.3IS-LM模型（下）

67.货币经济学-下-9.4货币政策与财政政策对总需求管理的有效性比较（上）

68.货币经济学-下-9.4货币政策与财政政策对总需求管理的有效性比较（下）

69.货币经济学-下-9.5长期中的IS-LM模型

70.货币经济学-下-9.6总需求

71.货币经济学-下-10.1菲律普斯曲线

72.货币经济学-下-10.2总供给-720P

73.货币经济学-下-10.3经济均衡与总产出-720P

74.货币经济学-下-10.4通货膨胀-720P

75.货币经济学-下-10.5为什么会出现引发通货膨胀的货币政策-720P

76.货币经济学-下-10.6就业压力与政策干预-720P

77.货币经济学-下-10.7理性预期与卢卡斯批判-720P

78.货币经济学-下-10.8预期与货币政策有效性（上）-720P

79.货币经济学-下-10.8预期与货币政策有效性（下）-720P

80.货币经济学-下-11.1货币政策最终目标-720P

81.货币经济学-下-11.2货币政策实施战略-720P

82.货币经济学-下-11.3货币市场调控机制-720P

83.货币经济学-下-11.4公开市场操作-720P

84.货币经济学-下-11.5贴现政策-720P

85.货币经济学-下-11.6存款准备金管理-720P

86.货币经济学-下-12.1开放经济下的货币供给机制-720P

87.货币经济学-下-12.2固定汇率制度与货币政策-720P

88.货币经济学-下-12.3汇率目标区管理与货币政策-720P

89.货币经济学-下-12.4浮动汇率制度与货币政策-720P

90.货币经济学-下-12.5改进开放经济下货币政策实施效率的建议

91.货币经济学-下-12.6总结-720P

92.货币经济学-下-13.1货币政策规则的发展-720P

93.货币经济学-下-13.2货币政策规则的一般设计-720P

94.货币经济学-下-13.3货币政策工具规则（上）-720P

95.货币经济学-下-13.3货币政策工具规则（下）-720P

96.货币经济学-下-13.4货币政策目标规则（上）-720P

97.货币经济学-下-13.4货币政策目标规则（下）-720P