04-Macro&Money - Class Business Current Events...

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Class Business Current Events Upcoming Case Groups Chapter 1 – Six Parts of the Financial System 1. Money To pay for purchases and store wealth 2. Financial Instruments To transfer resources from savers to investors and to transfer risk to those best equipped to bear it. 3. Financial Markets To Buy and sell financial instruments 4. Financial Institutions To provide access to financial markets, collect information & provide services 5. Regulatory Agencies To provide oversight for financial system 6. Central Banks To monitor financial Institutions and stabilize the economy
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Chapter 1 - Five Core Principles of Money and Banking 1. Time has value 2. Risk requires compensation 3. Information is the basis for decisions 4. Markets determine prices and allocation resources 5. Stability improves welfare Chapter 1 – Economic Activity Aggregate Output Gross Domestic Product (GDP) = Value of all final goods and services produced in domestic economy during year Distinction Between Nominal and Real
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This note was uploaded on 11/22/2011 for the course ECONOMIC ManEc352 taught by Professor Keithvorkink during the Winter '11 term at BYU.

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04-Macro&Money - Class Business Current Events...

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