Intermediate Financial Theory (Academic Press Advanced Finance) - Hardcover

Jean-Pierre Danthine; John B. Donaldson

Hardcover

ISBN 10: 0123865492 ISBN 13: 9780123865496

Publisher: Elsevier, 2014

Synopsis

Targeting readers with backgrounds in economics, Intermediate Financial Theory, Third Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely-accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, Intermediate Financial Theory is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory. Features: completely updated edition of classic textbook that fills a gap between MBA- and PhD-level texts; clear explanations of key concepts and requires limited mathematical prerequisites; online solutions manual available; and updates include new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, and a new chapter on asset management for the long-term investor.

About this title

Review:

Delivers a detailed explanation of financial economics to those who seek a pragmatic summary of modern finance without the demands of advanced mathematics

From the Back Cover:

Business/Finance

Intermediate Financial Theory, Second Edition

Jean-Pierre Danthine and John B. Donaldson

“Intermediate Financial Theory, Second Edition is an excellent book that introduces financial asset pricing theory as a natural extension of microeconomic and general equilibrium theory. The exposition of classic and recent results is clear, thorough and accessible to any economist or graduate student who has a good grounding in microeconomic theory. Having mastered this material the reader is well equipped to tackle the many variations of asset pricing models in the literature.?
— Frank Milne, Professor of Economics and Finance, Queen’s University, Ontario, Canada

?Intermediate Financial Theory, Second Edition is ideally suited to students wishing to gain a deeper understanding of the basic concepts of financial economics beyond those presented in a typical MBA program without having to deal with unnecessary mathematical details. The exposition is superb and sure to greatly enrich the reader’s knowledge of the subject. The book, written by two of the profession’s leading experts, is unique.?
— Rajnish Mehra, Professor of Finance, University of California, Santa Barbara, USA

Intermediate Financial Theory, Second Edition continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. Professors Danthine and Donaldson keep the theory accessible by requiring very little mathematical background and instead focusing on clear explanations of key concepts.

Intermediate Financial Theory, Second Edition includes a new structure, emphasizing the distinction between the equilibrium and the arbitrage perspective on valuation and pricing, as well as a completely new chapter on asset management for the long-term investor.

Additional material to support teaching this book can be found at: http://www.hec.unil.ch/jdanthine/Text.htm

Jean-Pierre Danthine is Professor of Economics and Finance at the University of Lausanne, Switzerland, and Director of the International Center for Financial Asset Management and Engineering, Lausanne and Geneva, Switzerland.

John B. Donaldson is the Mario J. Gabelli Professor of Finance at Columbia Business School, New York, USA.|The space between basic MBA-level textbooks and highly technical Ph.D. presentations is filled byIntermediate Financial Theory. Targeting readers with backgrounds in economics, theThird Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely-accessible website includes presents complementary and supplementary material for every chapter. Known for its rigor and intuition,Intermediate Financial Theory is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory.

About this edition

• Publisher: Elsevier
• Publication date: 2014
• ISBN 10: 0123865492
• ISBN 13: 9780123865496
• Binding: Hardcover
• Edition number: 3
• Number of pages: 580