一、美式期权由于可以提前执行使得期权定价没有解析解 二、有分红股票期权使得解析算法更为困难 三、利率动态变动使得期权定价难以求出解析解 四、B-S公式依赖与对数正态分布，二叉树不依赖与特定分布 五、对于更为复杂的衍生证券价格的定价

一、研发– 市盈率比较高的公司往往是研发投入较高的公司，可见研发可以提高公司的价值 二、竞争优势– 垄断与竞争优势有关 三、长期价值– 取决于长期现金流量

一、广义: 金融工程涉及到创新性金融工具的设计、发展、实施，是用创新性方法来解决金融问题的过程。 二、狭义: 金融工程是借助于创新性金融工具进行风险管理

The objective of this chapter is to study how money and interest rate is determined in the money and financial market. The money and financial market is the market in which money and various financial assets (such as, bonds and stocks) are exchanged

The objective of this chapter is to put the previously discussed two models -- the models of product market and money market --together and discuss how output and interest rate is determined The model presented in this chapter is often called the IS-LM model (IS: the product market model; LM the money market model)

Introduction The objective of this chapter is to study how employment is determined in the labor market We are considering the labor market in which the following relation should always hold:

The aim of this chapter is to study how output is determined in Keynesian framework. The analysis in this chapter is often named multiplier analysis

Introduction The objective of this chapter is to move from theory to empiric. Specially, we shall study how macroeconomic policies can be applied to solve practical macroeconomic problems

Introduction The objective of this chapter is to discuss how price is determined in Keynesian analysis. Some textbooks would like to refer the analysis in this chapter as the medium analysis in contrast to short run analysis. This is because in the short run the price is assumed to be fixed, and therefore nothing we can say about the price determination

第一节 工业产权法律制度概述 第二节 专 利 法 第三节 商 标 法