This book examines economic activity in financial markets: how
capital assets are priced and how these prices change over time.
The analysis starts in a certainty setting by exploring way
individuals use financial securities to choose their current and
future consumption flows, before moving on to an uncertainty
setting where security prices are obtained using standard
intermediate microeconomic analysis that relies heavily on the use
of diagrams to bring together the demand and supply decisions of
traders in financial markets.
The book provides an excellent introduction to the basic
classical finance model where financial assets are a veil over the
real economy.
Most undergraduate finance textbooks emphasize explaining the
institutional aspects of financial markets and rely heavily on
partial equilibrium analysis, while most graduate finance textbooks
use formal general equilibrium analysis. The analysis in this book
sits between these two approaches and thus provides the student
with a nuts and bolts guide to the whole area of financial
economics.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Release date: |
2008 |
First published: |
2008 |
Authors: |
Chris Jones
|
Dimensions: |
246 x 174 x 25mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
336 |
ISBN-13: |
978-0-415-37584-9 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-415-37584-3 |
Barcode: |
9780415375849 |
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