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Books > Business & Economics > Economics > Microeconomics
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Introduction to the Economics of Financial Markets (Hardcover)
Loot Price: R2,761
Discovery Miles 27 610
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Introduction to the Economics of Financial Markets (Hardcover)
Expected to ship within 12 - 17 working days
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Donate to Against Period Poverty
Total price: R2,781
Discovery Miles: 27 810
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There are many textbooks for business students that provide a
systematic, introductory development of the economics of financial
markets. However, there are as yet no introductory textbooks aimed
at more easily daunted undergraduate liberal arts students.
Introduction to the Economics of Financial Markets fills this gap
by providing an extremely accessible introductory exposition of how
economists analyze both how, and how well, financial markets
organize the intertemporal allocation of scarce resources. The
central theme is that the function of a system of financial markets
is to enable consumers, investors, and managers of firms to effect
mutually beneficial intertemporal exchanges. James Bradfield uses
the standard concept of economic efficiency (Pareto Optimality) to
assess the efficacy of the financial markets. He presents an
intuitive, and introductory, understanding of the primary
theoretical and empirical models that economists use to analyze
financial markets, and then uses these models to discuss
implications for public policy. Students who use this text will
acquire an understanding of the economics of financial markets that
will enable them to read, with some sophistication, articles in the
public press about financial markets and about public policy toward
those markets. The book is addressed to undergraduate students in
the liberal arts, but will also be useful for undergraduate and
beginning graduate students in programs of business administration
who want an understanding of how economists assess financial
markets against the criteria of allocative and informational
efficiency.
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