tim文档新e,andcapitalmarkets(微观经济学-华侨大学,je.pptVIP

Chapter 1 Chapter 15 Investment, Time, and Capital Markets Topics to be Discussed Stocks Versus Flows Present Discounted Value The Value of a Bond The Net Present Value Criterion for Capital Investment Decisions Topics to be Discussed Adjustments for Risk Investment Decisions by Consumers Intertemporal Production Decisions--- Depletable Resources How are Interest Rates Determined? Introduction Capital Choosing an input that will contribute to output over a long period of time Comparing the future value to current expenditures Stocks Versus Flows Stock Capital is a stock measurement. The amount