《投资学》经典课件(英文) (1)
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• Investment science – mathematics
Why investment?
• You idea • Potential gain
• The gold price
• Uncertainty of the future payments and income, smooth your income and consumption
What is investment？
• Your idea about the investment? • More money • Higher income • Etc.
The definition
• The current commitment of money or other resources in the expectation of reaping future benefits
• The wealth accumulation
• The SH index
6000 5000 4000 3000 2000 1000
0
What’s the mean for the country?
• Your idea • The future of the country • How do you think of the investment tools for
• Balance sheet of U.S. households,2009
• What’s the difference ? • What enlightenment can you get? • Economic Structure • Wealth accumulation • Economy financialization • Opportunity for you
System), the Bank for International Settlement (BIS), the International Monetary Fund (IMF), the World Bank, etc.
Fra Baidu bibliotek
Financial intermediaries :
• Property acquired for the purpose of producing income for its owner
• Expenditures for income-producing assets
• Broader viewpoint-based on the idea of flows of expenditures and receipts spanning a period of time
Course Objective
• Analytical ability: modeling skills that are important
in making investment decisions
• Quantitative skills: developing problem solving
Investment
Money, wealth, stock, bond, capital ect.
Course Mechanics
• Class participation：50% • Final Exam：50%
Course materials： • Textbook：Investment Bodie, Kane and Marcus 9th edition • Additional materials, articles
The financial system
• Institutional perspective:
Financial markets: equity, fixed income (debt), credits
and derivatives
Financial infrastructure and regulation:
skills, data analysis, probability evaluation of uncertain events
• Empirical knowledge of the financial markets : fixed-income security, bond, stock,
derivatives etc.
Financial asset
• Fixed-income or debt securities T-bill, CDs(certificates of deposit)
• Equity common stock
• Derivative securities options, futures
Balance sheet of China households
trading rules, contract enforcement, account system, capital requirements etc
Governmental and quasi-governmental organizations: SEC, central banks (Federal Reserve
a country’s economy? • Unlimited war • Additional reading materials：
The wealth and poverty of nations by D.S Landes
资本战争 （德）马丁，（德）霍尔纳格 著，王音浩 译
The investment Environment
• Real asset land, buildings, machines , knowledge used to produce goods and services
The average price of 100 cities real estate
• Financial assets- claims on the real assets • Stock , bond, mutual fund etc.
Why investment?
• You idea • Potential gain
• The gold price
• Uncertainty of the future payments and income, smooth your income and consumption
What is investment？
• Your idea about the investment? • More money • Higher income • Etc.
The definition
• The current commitment of money or other resources in the expectation of reaping future benefits
• The wealth accumulation
• The SH index
6000 5000 4000 3000 2000 1000
0
What’s the mean for the country?
• Your idea • The future of the country • How do you think of the investment tools for
• Balance sheet of U.S. households,2009
• What’s the difference ? • What enlightenment can you get? • Economic Structure • Wealth accumulation • Economy financialization • Opportunity for you
System), the Bank for International Settlement (BIS), the International Monetary Fund (IMF), the World Bank, etc.
Fra Baidu bibliotek
Financial intermediaries :
• Property acquired for the purpose of producing income for its owner
• Expenditures for income-producing assets
• Broader viewpoint-based on the idea of flows of expenditures and receipts spanning a period of time
Course Objective
• Analytical ability: modeling skills that are important
in making investment decisions
• Quantitative skills: developing problem solving
Investment
Money, wealth, stock, bond, capital ect.
Course Mechanics
• Class participation：50% • Final Exam：50%
Course materials： • Textbook：Investment Bodie, Kane and Marcus 9th edition • Additional materials, articles
The financial system
• Institutional perspective:
Financial markets: equity, fixed income (debt), credits
and derivatives
Financial infrastructure and regulation:
skills, data analysis, probability evaluation of uncertain events
• Empirical knowledge of the financial markets : fixed-income security, bond, stock,
derivatives etc.
Financial asset
• Fixed-income or debt securities T-bill, CDs(certificates of deposit)
• Equity common stock
• Derivative securities options, futures
Balance sheet of China households
trading rules, contract enforcement, account system, capital requirements etc
Governmental and quasi-governmental organizations: SEC, central banks (Federal Reserve
a country’s economy? • Unlimited war • Additional reading materials：
The wealth and poverty of nations by D.S Landes
资本战争 （德）马丁，（德）霍尔纳格 著，王音浩 译
The investment Environment
• Real asset land, buildings, machines , knowledge used to produce goods and services
The average price of 100 cities real estate
• Financial assets- claims on the real assets • Stock , bond, mutual fund etc.