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

本教材旨在为从事国际金融理论、政策和实务工作的同志提供一个比较 有系统、有力度、且又相对简洁明了的国际金融宏观背景知识。国际金融学， 也可称为开放宏观经济学，它的萌芽可追溯到二百多年前。它是在国际贸易 学的基础上产生的。但作为一门独立的学科，它形成于本世纪 60 年代。第二 次世界大战以后，生产和资本国际化迅速发展，与之相适应，国家之间的货 币金融关系也日益发展

本书的手稿是在1955年秋天完成的。从那以后,世界范围内 发生的许多事都与这里讨论的一些主题直接有关。由于众所周知 的原因,我打消了把一些有关的想法插入毛校样中去的强烈意向, 而决定试着在这篇序言中简略总结一下这些情况

1. Please express the model of natural rate of unemployment according to Blanchard’s book and then give your comments. 2. How can you explain the aggregate demand and aggregate supply curves. How they are different from the usual definition on demand and supply curves

1. Given the government expenditure, whether the government budget is in surplus or deficit depends on the tax revenue, which itself depends on rate of tax. Please derive the tax rate at which the government budget is in balance. Draw the graph that reflects the relation between tax rate and deficit (or surplus)

(Continued with question 1 in exercise for chapter 3). Suppose instead of given 2000 there is an investment function which takes the form

Normative Definition: Economics is the science that studies how to efficiently allocate economic resources Positive Definition: Economics is the science that studies how an economy operates or how economic variables are determined under the given economic system. The System of an Economy:

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

Question 1: Suppose in an open economy the consumption function take the form C 8Yd =100 + 0. Tax is the proportion of income with the tax rate to be given by 0.2. Meanwhile import depends on the domestic income with the function given by

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)