Principles of Financial Economics
Editorial Reviews
Review
'This is an excellent introduction to the exciting field of financial economics, rigorous yet filled with economic intuition, and with a refreshing emphasis on equilibrium that is reminiscent of Debreu's elegant and pithy monograph.' Andrew Lo, Massachusetts Institute of Technology
Book Description
This book introduces graduate students in economics to the subfield of financial economics. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Since students often find this link hard to grasp, the treatment aims 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. The analysis is intended to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.
Principles of Financial Economics
Principles of Financial Economics,Stephen F. LeRoy,Jan Werner,Stephen A. Ross,Cambridge University Press,0521586054,Business & Economics,Business / Economics / Finance,Business/Economics,Economics,Economics - General,Finance,Investments,Mathematical models,Securities,Business & Economics / Finance,Economic theory & philosophy,Investments--Mathematical models,Microeconomics
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