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1¡¢What is opportunity cost?

2¡¢Give some comments on the federal reserve system’spurchase of treasury’s bond¡£

3¡¢diversification¡£

4¡¢adverse selection and moral hazard¡£

5¡¢Compare open market operations with other monetary policy instrument¡£

6¡¢Describe the relation between financial market and economy¡£

7¡¢Why is fiscal policy more e?ective under a fixed exchange rate than under a

floating exchange rate¡£

8¡¢Explain the PPP theory’s poor empirical performance¡£

9¡¢asymmetric information¡£

10¡¢factors determining the exchange rate¡£

11¡¢Describe the gold standard and Bretton Wood system and their collapse¡£

12¡¢costs and profits of monetary union¡£

13¡¢Describe tools of monetary policy¡£

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