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To examine how financial markets such as bond,
stock and foreign exchange markets work
To examine how financial institutions such as
banks, investment and insurance companies work
To examine the role of money in the economy
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Financial Crises
Financial crises are major disruptions in
financial markets that are characterized by
sharp declines in asset prices and the
failures of many financial and nonfinancial
firms.
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Source:
www.gpoaccess.gov/usbudget/fy06/sheets/hist01z2.xls.
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US Debt Clock.org
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Source: www.federalreserve.gov/releases/H15.
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http://hk.finance.yahoo.com/
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http://hk.finance.yahoo.com/
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Aggregate Output
and Aggregate Income
Aggregate Output
Gross Domestic Product (GDP) = market value of
all final goods and services produced in the
domestic economy during a particular year
Aggregate Income
Total income of the factors of production (land,
capital, labor) during a particular year
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GDP Deflator =
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