總體經濟因素影響金融資產價格如股價，利率，匯率. 這些總體因素含經濟循環，物價上漲率,貿易餘額,貨幣供給成長率等。本課程探討總體經濟因素如何影響金融資產價格，內容分三部分：一，影響各金融資產價格的總體經濟因素，本課程採務實觀點, 分析經濟循環,物價膨脹等因素改變後如何影響股價，利率，匯率；二，以何種經濟指標觀察觀察總體經濟，如以單位勞動成本觀察通膨，以term structure研判經濟循環；三，如何以這些經濟指標預測各種金融資產價格
Macroeconomic factors affect various financial asset prices, such as stock prices, interest rates, and foreign exchange rates. These macroeconomic factors include business cycle conditions, inflation, trade balances, growth of money supply, etc. This course discusses how the macroeconomic factors affect the price of asset prices, containing three parts. The first part explains how stock prices, interest rates, and exchange rates, are affected by macroeconomic factors. The second part tells about the economic indicators of the economic phenomena. The third part teaches how to use the economic indicators to forecast the financial asset prices.  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

一，在理論上瞭解影響每一種資產價格的總體經濟因素。Ex. 股價指數為何且如何受經濟循環，物價，及利率的影響
二，知道哪些經濟指標可以用來觀察總體經濟。Ex. 以單位勞動成本觀察通膨，以term structure研判經濟循環
三，知道如何利用總體經濟指標預測各種金融資產價格  
(i)	To understand why the financial asset prices are affected by economic factors. Example, why and how a stock index is affected by business cycle conditions, inflation, and interest rates
(ii)	To know the economic statistics that can be used to analyze the economy. For example, unit labor cost can be used as an indicator of inflation and the term structure as an indicator of business cycle conditions.
(iii)   To know how to use economic indicators to forecast various financial asset prices 


  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

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