金融市場和淨現值講義(英文版)(ppt 23頁)

金融市場和淨現值講義目錄：
1 The Financial Market Economy
2 Making Consumption Choices Over Time
3 The Competitive Market
4 The Basic Principle
5 Practicing the Principle
6 Illustrating the Investment Decision
7 Corporate Investment Decision Making
8 Summary and Conclusions

金融市場和淨現值講義內容摘要：
1 The Financial Market Economy
Individuals and institutions have different income streams and different intertemporal consumption preferences.
Because of this, a market has arisen for money. The price of money is the interest rate.
The Financial Market Economy: Example
Consider a dentist who earns $200,000 per year and chooses to consume $80,000 per year. He has $120,000 in surplus money to invest.
He could loan $30,000 to each of 4 college seniors. They each promise to pay him back with interest after they graduate in one year.

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