Topics to be Discussed National Income Accounting and the Balance of Payments other concepts The determination of exchange rate floating exchange rate system Fixed exchange rate system Trade environment and policy o Summary of the open economy

9.1 Decision of investment 9.2 Investment function 9.3 Inventory investment& Investment in residential structures

8.1 Keynesian consumption function 8.2 A simple two-period model 8.3 Consumption theory after Keynes Permanent-income Hypothesis Life-style Hypothesis 8.4 Real interest& decision-making- between consumption and saving

7.1 Fiscal policies and effects 7.2 Monetary policies and effects 7.3 Policy mix 7.4 Economic fluctuation and eliminating the fluctuations with economic policies 7.5 Macroeconomic policy practice

Topics to be Discusses Aggregate Demand (AD) Function Aggregate Supply (AS) Function AS-AD Model Price Changes and Determination of Output Price Adjustment Process

2.2 three approaches to measure GDP 2.3 Ni pi DPl 2.4 MPS VS SNA 2.5 saving and wealth, stock and flow

4.1 Introduction 4.2 Banking system& monetary market 4.3 The interest rate& national income

3.1 Concepts of Macroeconomic Equilibrium 3.2 Consumption Function 3.3Simple Model and others 3.4 Multiplier

Economists\ on some level are mathematicians, historians, diplomatists, philosophers..and they are as indifferent and honest as artists

1970年代以来,经济全球化进程一直在加速, 具体表现为贸易的大幅度增长和国际间金融交 易大幅度增长。中国已经成为WT0的成员国, 这使得中国会以一个渐进的,但逐步加快的方 式逐步融入世界经济。虽然在过去的20年里 中国的出口一直高速增长,但目前中国的企业 和产业部门在世界市场上所面对的竞争是严峻 的,未来一段时间内,这种严峻的形势将继续存 在。由于大量外国企业进入中国,和大量外国 产品进入中国市场,中国的企业和产业部门在 中国国内市场也面对严峻的国际竞争