Principles Of Financial Economics

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Principles of Financial Economics

Author : Stephen F. LeRoy,Jan Werner
Publisher : Cambridge University Press
Page : 301 pages
File Size : 51,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780521584340

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Principles of Financial Economics by Stephen F. LeRoy,Jan Werner Pdf

Financial economics, and the calculations of time and uncertainty derived from it, are playing an increasingly important role in non-finance areas, such as monetary and environmental economics. In this 2001 book, Professors Le Roy and Werner supply a rigorous yet accessible graduate-level introduction to this subfield of microeconomic theory and general equilibrium theory. Since students often find the link between financial economics and equilibrium theory hard to grasp, they devote less attention to purely financial topics such as calculation of derivatives, while aiming to make the connection explicit and clear in each stage of the exposition. Emphasis is placed on detailed study of two-date models, because almost all of the key ideas in financial economics can be developed in the two-date setting. In addition to rigorous analysis, substantial sections of discussion and examples are included to make the ideas readily understandable.

Principles of Financial Economics

Author : Stephen F. LeRoy,Jan Werner
Publisher : Cambridge University Press
Page : 318 pages
File Size : 51,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 0521586054

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Principles of Financial Economics by Stephen F. LeRoy,Jan Werner Pdf

Financial economics, and the calculations of time and uncertainty derived from it, are playing an increasingly important role in non-finance areas, such as monetary and environmental economics. In this 2001 book, Professors Le Roy and Werner supply a rigorous yet accessible graduate-level introduction to this subfield of microeconomic theory and general equilibrium theory. Since students often find the link between financial economics and equilibrium theory hard to grasp, they devote less attention to purely financial topics such as calculation of derivatives, while aiming to make the connection explicit and clear in each stage of the exposition. Emphasis is placed on detailed study of two-date models, because almost all of the key ideas in financial economics can be developed in the two-date setting. In addition to rigorous analysis, substantial sections of discussion and examples are included to make the ideas readily understandable.

Principles of Financial Economics

Author : Stephen F. LeRoy,Jan Werner
Publisher : Cambridge University Press
Page : 371 pages
File Size : 53,6 Mb
Release : 2014-08-11
Category : Business & Economics
ISBN : 9781316060872

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Principles of Financial Economics by Stephen F. LeRoy,Jan Werner Pdf

This second edition provides a rigorous yet accessible graduate-level introduction to financial economics. Since students often find the link between financial economics and equilibrium theory hard to grasp, less attention is given to purely financial topics, such as valuation of derivatives, and more emphasis is placed on making the connection with equilibrium theory explicit and clear. This book also provides a detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. Substantial discussions and examples are included to make the ideas readily understandable. Several chapters in this new edition have been reordered and revised to deal with portfolio restrictions sequentially and more clearly, and an extended discussion on portfolio choice and optimal allocation of risk is available. The most important additions are new chapters on infinite-time security markets, exploring, among other topics, the possibility of price bubbles.

Principles of Financial Economics

Author : Stephen F. LeRoy,Jan Werner
Publisher : Cambridge University Press
Page : 371 pages
File Size : 55,6 Mb
Release : 2014-08-11
Category : Business & Economics
ISBN : 9781107024120

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Principles of Financial Economics by Stephen F. LeRoy,Jan Werner Pdf

This second edition includes new chapters on infinite-time security markets and more focus on portfolio choice and risk allocations.

Principles of Commodity Economics and Finance

Author : Daniel P. Ahn
Publisher : MIT Press
Page : 229 pages
File Size : 41,6 Mb
Release : 2019-04-09
Category : Business & Economics
ISBN : 9780262347884

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Principles of Commodity Economics and Finance by Daniel P. Ahn Pdf

A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fastest growing asset classes of the last decade and the object of increasing attention from investors, scholars, and policy makers. Yet existing treatments of the topic are either too theoretical, ignoring practical realities, or largely narrative and nonrigorous. This book bridges the gap, striking a balance between theory and practice. It offers a solid foundation in the economic, financial, and political principles underlying commodities markets. The book, which grows out of courses taught by the author at Columbia and Johns Hopkins, can be used by graduate students in economics, finance, and public policy, or as a conceptual reference for practitioners. After an introduction to basic concepts and a review of the various types of commodities—energy, metals, agricultural products—the book delves into the economic and financial dynamics of commodity markets, with a particular focus on energy. The text covers fundamental demand and supply for resources, the mechanics behind commodity financial markets, and how they motivate investment decisions around both physical and financial portfolio exposure to commodities, and the evolving political and regulatory landscape for commodity markets. Additional special topics include geopolitics, financial regulation, and electricity markets. The book is divided into thematic modules that progress in complexity. Text boxes offer additional, related material, and numerous charts and graphs provide further insight into important concepts.

Financial Economics

Author : Chris Jones
Publisher : Routledge
Page : 496 pages
File Size : 51,8 Mb
Release : 2008-01-24
Category : Business & Economics
ISBN : 9781134185672

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Financial Economics by Chris Jones Pdf

Whilst many undergraduate finance textbooks are largely descriptive in nature, the economic analysis in most graduate texts is too advanced for latter year undergraduates. This book bridges the gap between these two extremes, offering a textbook that studies economic activity in financial markets, focusing on how consumers determine future consumpt

Financial Economics

Author : Frank J. Fabozzi,Edwin H. Neave,Guofu Zhou
Publisher : Wiley Global Education
Page : 774 pages
File Size : 47,9 Mb
Release : 2012-04-13
Category : Business & Economics
ISBN : 9781118213452

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Financial Economics by Frank J. Fabozzi,Edwin H. Neave,Guofu Zhou Pdf

Financial Economics, by Frank Fabozzi, Ted Neave, and Gaofu Zhou, presents an introduction to basic financial ideas through a strong grounding in microeconomic theory. This calculus based text explores the theoretical framework for analyzing the decisions by individuals and managers of firms, an area which is coming to both financial economics and microeconomics. It also explores the interplay of these decisions on the prices of financial assets. The authors provide rigorous coverage aimed at assisting the undergraduate and masters-level students to better understand the principles and practical application of financial economic theory. In addition, the book serves as a supplemental reference for doctoral students in economics and finance, as well as for practitioners who are interested in knowing more about the theory and intuition behind many coming practices in finance. In short, the book focuses on economic principles and on putting these principles to work in the various fields of finance - financial management, investment management, risk management, and asset and derivatives pricing.

An Outline of Financial Economics

Author : Satya R. Chakravarty
Publisher : Anthem Press
Page : 314 pages
File Size : 48,8 Mb
Release : 2014-11-01
Category : Business & Economics
ISBN : 9781783083367

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An Outline of Financial Economics by Satya R. Chakravarty Pdf

“An Outline of Financial Economics” presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds – which are regarded as fixed income securities – in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, “An Outline of Financial Economics” will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.

Solutions to Financial Economics

Author : Thorsten Hens,Marc Oliver Rieger
Publisher : Springer Nature
Page : 211 pages
File Size : 41,9 Mb
Release : 2019-10-25
Category : Business & Economics
ISBN : 9783662598894

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Solutions to Financial Economics by Thorsten Hens,Marc Oliver Rieger Pdf

This book offers a concise introduction to the field of financial economics and presents, for the first time, recent behavioral finance research findings that help us to understand many puzzles in traditional finance. Tailor-made for master’s and PhD students, it includes tests and exercises that enable students to keep track of their progress. Parts of the book can also be used at the bachelor level.

Microfoundations of Financial Economics

Author : Yvan Lengwiler
Publisher : Princeton University Press
Page : 304 pages
File Size : 40,6 Mb
Release : 2006-05-07
Category : Business & Economics
ISBN : 0691126313

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Microfoundations of Financial Economics by Yvan Lengwiler Pdf

This textbook takes the reader from the level of microeconomics principles through to modern asset pricing theory. Yvan Lengwiler elegantly links together issues that have in the past been the territory of general economic theorists on the one hand, and financial economists on the other. In a sequence of carefully explained steps, the reader learns how the first welfare theorem is used in asset pricing theory. The book then moves on to explore Radner economies and von Neumann-Morgenstern decision theory, and this section culminates in Wilson's mutuality principle and the consumption-based CAPM. This is then put into a dynamic setting, and term structure models are introduced. The empirical shortcomings of the standard asset pricing models are extensively discussed, as is research from the last twenty years aimed at bringing theory in line with reality. The reader is brought up to date on the latest areas of concern, such as habit formation, the consequences of heterogeneity, demographic effects, changing tax regimes, market frictions, and the implications of prospect theory for asset pricing. Aimed at masters or Ph.D. students specializing in financial economics, the book can also be used as a supplementary text for students of macroeconomics at this advanced level and will be of interest to finance professionals with a background in economics and mathematics. It includes problems (with solutions), and an accompanying website provides supporting material for lecturers.

Introduction to the Economics and Mathematics of Financial Markets

Author : Jaksa Cvitanic,Fernando Zapatero
Publisher : MIT Press
Page : 528 pages
File Size : 49,5 Mb
Release : 2004-02-27
Category : Business & Economics
ISBN : 0262033208

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Introduction to the Economics and Mathematics of Financial Markets by Jaksa Cvitanic,Fernando Zapatero Pdf

An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and economics. Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three different degrees of sophistication: single-period, multi-period, and continuous-time. The single-period and multi-period models require only basic calculus and an introductory probability/statistics course, while an advanced undergraduate course in probability is helpful in understanding the continuous-time models. In this way, the material is given complete coverage at different levels; the less advanced student can stop before the more sophisticated mathematics and still be able to grasp the general principles of financial economics. The book is divided into three parts. The first part provides an introduction to basic securities and financial market organization, the concept of interest rates, the main mathematical models, and quantitative ways to measure risks and rewards. The second part treats option pricing and hedging; here and throughout the book, the authors emphasize the Martingale or probabilistic approach. Finally, the third part examines equilibrium models—a subject often neglected by other texts in financial mathematics, but included here because of the qualitative insight it offers into the behavior of market participants and pricing.

Consumer Behavior, Organizational Strategy and Financial Economics

Author : Mehmet Huseyin Bilgin,Hakan Danis,Ender Demir,Ugur Can
Publisher : Springer
Page : 346 pages
File Size : 52,6 Mb
Release : 2018-03-30
Category : Business & Economics
ISBN : 9783319762883

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Consumer Behavior, Organizational Strategy and Financial Economics by Mehmet Huseyin Bilgin,Hakan Danis,Ender Demir,Ugur Can Pdf

This volume presents selected articles from the 21st Eurasia Business and Economics Society (EBES) Conference, which was held in Budapest (Hungary) in 2017. The theoretical and empirical papers in this volume cover various areas of business, economics, and finance from a diverse range of regions. In particular, this volume focuses on the latest trends in consumer behavior, new questions in the development of organizational strategy, and the interaction of financial economics with industrial economics and policy.

Financial Economics

Author : Jürgen Eichberger
Publisher : Oxford University Press, USA
Page : 284 pages
File Size : 50,9 Mb
Release : 1997
Category : Business & Economics
ISBN : 0198775407

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Financial Economics by Jürgen Eichberger Pdf

Numerous examples and diagrams illustrate the key arguments, and the main chapters are followed by guides to the relevant literature and exercises for students.

Principles of Financial Regulation

Author : John Armour,Daniel Awrey,Paul Lyndon Davies,Luca Enriques,Jeffrey Neil Gordon,Colin P. Mayer,Jennifer Payne
Publisher : Oxford University Press
Page : 698 pages
File Size : 50,7 Mb
Release : 2016
Category : Law
ISBN : 9780198786474

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Principles of Financial Regulation by John Armour,Daniel Awrey,Paul Lyndon Davies,Luca Enriques,Jeffrey Neil Gordon,Colin P. Mayer,Jennifer Payne Pdf

The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution continues to accelerate. It is now clear that regulation must focus on the financial system as a whole, but this poses significant challenges for regulators. Principles of Financial Regulation describes how to address those challenges. Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of regulation by drawing on economics, finance, and law methodologies. The volume examines regulation in a purposive and dynamic way by framing the book in terms of what the financial system does, rather than what financial regulation is. By analysing specific regulatory measures, the book provides readers to the opportunity to assess regulatory choices on specific policy issues and encourages critical reflection on the design of regulation.

Mathematical Financial Economics

Author : Igor V. Evstigneev,Thorsten Hens,Klaus Reiner Schenk-Hoppé
Publisher : Springer
Page : 224 pages
File Size : 47,8 Mb
Release : 2015-05-15
Category : Business & Economics
ISBN : 9783319165714

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Mathematical Financial Economics by Igor V. Evstigneev,Thorsten Hens,Klaus Reiner Schenk-Hoppé Pdf

This textbook is an elementary introduction to the key topics in mathematical finance and financial economics - two realms of ideas that substantially overlap but are often treated separately from each other. Our goal is to present the highlights in the field, with the emphasis on the financial and economic content of the models, concepts and results. The book provides a novel, unified treatment of the subject by deriving each topic from common fundamental principles and showing the interrelations between the key themes. Although the presentation is fully rigorous, with some rare and clearly marked exceptions, the book restricts itself to the use of only elementary mathematical concepts and techniques. No advanced mathematics (such as stochastic calculus) is used.