Notes on Finance (Lesson 1)
Preface
Textbook: "Finance" by Cao Longqi
Teacher: Wang Xuecheng, Ph.D., research field digital economy and digital finance.
First of all, I will talk about the class composition, there are 18, 19, and 20 levels, including finance, international trade, and management. Finance is a compulsory course for the finance major and the core of the finance major; it is an important part of the international trade major, which is a branch of finance; management also uses finance, after all, compound talents are also needed.
Course content
Question import:
- Why the house price keeps going up. "Real estate is a history of finance" because houses have financial attributes (revenues). The house originally had only commodity attributes, but if people always expect the house to maintain its value, then the house will always be optimistic, and there will be room for appreciation, resulting in financial attributes, and the house has no financial attributes, but also has commodity attributes, and finally can still live of. It is an investment with a retreat. The same is true of the current Maotai, and the same is true of stamp collecting ten years ago. But if once the consensus is broken, it will fall down immediately, and the person who does not leave in the end becomes the catcher.
- The impact of prices on life. Ten years ago, ten thousand yuan could buy ten thousand pancakes, which belonged to the rich; ten years later, ten thousand yuan could only buy one thousand pancakes, and money shrank; in macroeconomic terms, it was inflation and money was worthless. The Northern Song Dynasty moved south partly because of its weak military power, and partly because of inflation, rising prices and economic chaos in the late Northern Song Dynasty.
- The difference between the central bank and ordinary banks. The central bank does not accept personal deposits and loans (except hundreds of billions), issue currency, and formulate monetary policies; maintain the balance between supply and demand of currency.
- The influence of Ant Financial on traditional finance. Conducive to small funds.
- Anti-epidemic special national debt. The state collects people’s money and then works on projects to improve public facilities on the one hand and provide jobs on the other to make people wealthy. Let the money flow. Simply put, the state borrows people's money to make investments, lest people get the money in their hands, which is not conducive to currency flow.
Recommend a few books
"Millennium History of Finance": Big Pattern
"Ant Finance: The Rise of Technology Finance Unicorns": The evolution of digital finance.
Recommended documentary
"The Power of the Company"
Points arrangement: 70% at the end of the period + 30% in normal times (70% for homework + 30% for commuting)
- The essential element of finance: currency
- Credit establishes a lending relationship and derives interest. Further derive foreign exchange.
- Financial institutions provide lending places.
Units with surplus funds lend money to the securities market (direct finance) or financial intermediaries (indirect finance), and then units with shortage of funds borrow money (monetary funds) from these financial institutions.
Finance is about borrowing and repaying money.
The limitation of bartering is that you just have what I need, and what I just need is more difficult to achieve. But if there is a general equivalent, my item, you buy it at a certain price, and then I use the money to buy the materials I want. In this way, the reallocation of resources can be realized.
reward
Management has made me discover that the original management can be extended to planning, decision-making, organizational design, organizational force integration, leadership, motivation, communication, and control; it helps me to cooperate with others.
Microeconomics has allowed us to understand market theory and game theory. Help me make decisions.
Accounting taught me about double-entry bookkeeping. Help people manage money.
Finance taught me about money and lending. Help me understand how to operate currency.
Benefited a lot.
Update address: GitHub
For more content, please pay attention to: CSDN , GitHub , Nuggets