spContent=This course is a basic core course for undergraduate finance major. Since the original version of the course (in Chinese) was launched on iCourse in September 2014, it has served more than 1.2 million students over 13 semesters.
This course is a basic core course for undergraduate finance major. Since the original version of the course (in Chinese) was launched on iCourse in September 2014, it has served more than 1.2 million students over 13 semesters.
—— Instructors
About this course
In this course, we derive the supply and demand of finance from financial activities of various economic agents in an open economy framework; we study the connections among different elements such as money, credit, and their prices; we illustrate how the financial system works via financial institutions and markets; we explain how interest rates serves as the link between micro and macro finance; we cover theoretical and practical topics on macro finance from the perspectives of quantitative and structural balance; we discuss how macro control and financial regulations may achieve stable and efficient financial development. Over this course, students will have a comprehensive understanding of the basic theory of finance, learn current financial issues of China and the world, know how to analyze finance-related issues, and have the ability to study theories as well as solve practical problems.
Syllabus
Lecture1 Introduction
1.1 Course orientation and research subjects
1.2 Financial activities
1.3 The composition of modern financial system and logical framework of course
Lecture 2 Money and monetary system
2.1 Introduction
2.2 Roles and functions of money
2.3 Monetary aggregates hierarchy
2.4 Monetary systems
2.5 Forms of money
2.6 International monetary systems
Lecture 3 Exchange rate and exchange rate system
3.1 Introduction
3.2 Foreign exchange and exchange rate
3.3 Theories of exchange rate determination
3.4 Evolution of exchange rate system
Lecture 4 Credit and credit system
4.1 Introduction
4.2 An overview of credit
4.3 The main form of credit
4.4 An overview of credit system
4.5 Difference between direct financing and indirect financing
4.6 The causes of the continuous credit disorder in China
Lecture 5 Time value of money and interest rate
5.1 Introduction
5.2 Time value of money and interest
5.3 Types of interest rate and related to ROR
5.4 Decision of interest rate and its influencing factors
5.5 Roles of interest rate
5.6 Relationship between liquidity trap and quantitative easing
5.7 Market-oriented reform of interest rate and resource allocation efficiency
Lecture 6 Financial assets and prices
6.1 Introduction
6.2 Financial instruments and financial assets
6.3 Securities price and evaluation of securities value
6.4 Principles of financial asset pricing
6.5 The influence of interest rate and exchange rate on asset price
6.6 The application of PER and PNAR in investment practice
6.7 The application of β&α coefficient in investment practice
Lecture 7 Financial market system and its money market
7.1 Introduction
7.2 Components of the financial market
7.3 Financial market system and functions
7.4 Characteristics and functions of the money market and the inter-bank lending market
7.5 Operation of various sub-markets of the money market
7.6 The financial market requires internal and external basic conditions to play the role
Lecture 8 Capital market and derivatives market
8.1 Introduction
8.2 Characteristics, functions and development of capital markets
8.3 Issuance and circulation markets of securities
8.4 Security investment analysis
8.5 Definition, generation, function and classification of derivatives
8.6 Derivative trading
8.7 Derivative pricing
8.8 Internationalization of China’s capital market
Lecture 9 Financial institution system and other financial companies
9.1 Introduction
9.2 Role and types of financial institution system
9.3 Formation and development of Chinese financial institution system
9.4 Characteristics and types of other financial companies
9.5 Divided and mixed operation of financial institutions
Lecture 10 Depository companies
10.1 Introduction
10.2 Types and operation principles of depository companies
10.3 Characteristics, organization and business types of commercial banks
10.4 Business principles and management theories of commercial banks
10.5 Reform and development of China's commercial banks
Lecture 11 Central bank
11.1 Introduction
11.2 The formation and development of the central bank
11.3 Central Bank's functions, business types and operational requirements
11.4 Independence of the central bank
11.5 The role of the central bank in the modern economy
Lecture 12 Money demand and money supply
12.1 Introduction
12.2 Development of money demand theory
12.3 Mechanism of the multiple deposit creation
12.4 Analysis of China’s money demand
12.5 Analysis of China’s money supply
Lecture 13 Monetary equilibrium
13.1 Introduction
13.2 Balance of payments
13.3 Money supply, demand and equilibrium in open economy
13.4 Inflation
Lecture 14 Monetary policy
14.1 Introduction
14.2 Tools of monetary policy
14.3 The transmission mechanism of monetary policy
14.4 Theories of monetary policy
Lecture 15 Financial regulation and supervision
15.1 Introduction
15.2 The principles and main contents of financial regulation and supervision
15.3 The evolution and development of financial supervision system
15.4 The evolution and challenges of China’s financial supervision system
15.5 Macro-prudential and micro-prudential supervision
Lecture 16 Financial development
16.1 Guidance
16.2 The relationship between financial development and economic development
16.3 Financial structure and financial development
16.4 Financial innovation and its advantages and disadvantages
16.5 How to treat financialization and financial globalization?
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