Principles of Finance · 免费预览
经济视角与货币时间价值
微观经济学研究个体决策者与价格，而宏观经济学研究全经济范围的总量；二者都为金融决策提供依据。货币时间价值则指出：今天的一美元比明天的一美元更值钱，因为今天的一美元具有收益能力。
1. Microeconomics, the view from the individual decision
Microeconomics, the view from the individual decision
2. Macroeconomics, the view from the whole economy
Macroeconomics, the view from the whole economy
3. The macro variables in financial decisions
The macro variables in financial decisions
4. The time value of money preview
The time value of money preview
5. Microeconomic focus
Which question belongs to microeconomics rather than macroeconomics?
6. Macroeconomic variables
Which list names the macroeconomic variables this lesson highlights as most important to financial markets?
7. How the lenses work together
A firm cuts costs and improves quality yet its earnings fall in a recession. What does this outcome illustrate about the two economic lenses?
8. Two reasons a dollar today beats a dollar tomorrow
According to the lesson, what are the two reasons a dollar today is worth more than a dollar tomorrow?
9. The universal problem
Which list of decision makers is all solving the same underlying time value of money problem?
10. Inflation and fixed cash flows
Why does a bond investor check inflation expectations before buying a bond with fixed coupon payments?
11. The study of aggregates
What branch of economics studies economy-wide aggregates such as output, employment, and the overall price level? Answer with one word in lowercase.
12. The core principle
What four-word phrase names the principle that money today is worth more than the identical amount in the future? Write the phrase in lowercase.
13. The five-letter macro aggregate
What three-letter abbreviation names the value of all goods and services produced by an economy, a key macro variable in financial forecasting? Write the abbreviation.
14. The rate that prices waiting
Which rate, set in the economy's interest rate structure, anchors the discount rate used to convert future money to present value? Answer with two words.