Financial Economics - Softcover

Eichberger, Jürgen

 
9780198775409: Financial Economics

Synopsis

Financial Economics provides a comprehensive introduction to an exciting new field of economics for advanced undergraduate and postgraduate economists and finance specialists. It develops the main arguments in finance theory from an explicitly economic perspective. Economists can see how finance theory can be applied to economics, while finance specialists can appreciate the economic foundations of their favourite results in finance. The authors stress the theories of decision-making under uncertainty and of asymmetric information.

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Synopsis

Financial economics is an exciting new field of study that integrates the theory of finance and financial institutions into the main body of economic theory. In doing so, it draws on insights from general equilibrium analysis, information economics, and the theory of contracts. Financial Economics is a self-contained and comprehensive introduction to the field for advanced undergraduate and postgraduate economists and finance specialists. It develops the main ideas in finance theory, including the CAPM, arbitrage pricing, option pricing, and the Modigliani-Miller theorem within an economic framework. Students of economics are shown how finance theory derives from foundations in economic theory, while students of finance are given a firmer appreciation of the economic logic underlying their favourite results. Financial Economicsprovides all the technical apparatus necessary to read the modern literature in financial economics and the economics of financial institutions. The book is self-contained in that the reader is guided through branches of the theory, as necessary, in order to understand the main topics.Numerous examples and diagrams illustrate the key arguments, and the main chapters are followed by guides to the relevant literature and exercises for students.

About the Author

Jurgen Eichberger is at University of Saarland. Ian R. Harper is at Melbourne Business School.

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Other Popular Editions of the Same Title

9780198774051: Financial Economics

Featured Edition

ISBN 10:  0198774052 ISBN 13:  9780198774051
Publisher: OUP Oxford, 1997
Hardcover