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Financial Decisions and Markets - A Course in Asset Pricing (Hardcover) Loot Price: R1,694
Discovery Miles 16 940
You Save: R294 (15%)
Financial Decisions and Markets - A Course in Asset Pricing (Hardcover): John Y. Campbell

Financial Decisions and Markets - A Course in Asset Pricing (Hardcover)

John Y. Campbell

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List price R1,988 Loot Price R1,694 Discovery Miles 16 940 | Repayment Terms: R159 pm x 12* You Save R294 (15%)

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From the field's leading authority, the most authoritative and comprehensive advanced-level textbook on asset pricing Financial Decisions and Markets is a graduate-level textbook that provides a broad overview of the field of asset pricing. John Campbell, one of the field's most respected authorities, introduces students to leading theories of portfolio choice, their implications for asset prices, and empirical patterns of risk and return in financial markets. Campbell emphasizes the interplay of theory and evidence, as theorists respond to empirical puzzles by developing models with new testable implications. Increasingly these models make predictions not only about asset prices but also about investors' financial positions, and they often draw on insights from behavioral economics. After a careful introduction to single-period models, Campbell develops multiperiod models with time-varying discount rates, reviews the leading approaches to consumption-based asset pricing, and integrates the study of equities and fixed-income securities. He discusses models with heterogeneous agents who use financial markets to share their risks, but also may speculate against one another on the basis of different beliefs or private information. Campbell takes a broad view of the field, linking asset pricing to related areas, including financial econometrics, household finance, and macroeconomics. The textbook works in discrete time throughout, and does not require stochastic calculus. Problems are provided at the end of each chapter to challenge students to develop their understanding of the main issues in financial economics. The most comprehensive and balanced textbook on asset pricing available, Financial Decisions and Marketswill be an essential resource for all graduate students in finance and related fields. * Integrated treatment of asset pricing theory and empirical evidence* Emphasis on investors' decisions* Broad view linking the field to areas including financial econometrics, household finance, and macroeconomics* Topics treated in discrete time, with no requirement for stochastic calculus* Solutions manual for problems available to professors

General

Imprint: Princeton University Press
Country of origin: United States
Release date: October 2017
First published: 2018
Authors: John Y. Campbell
Dimensions: 254 x 178 x 32mm (L x W x T)
Format: Hardcover - Trade binding
Pages: 480
ISBN-13: 978-0-691-16080-1
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Finance & accounting > Finance > General
Books > Money & Finance > General
LSN: 0-691-16080-5
Barcode: 9780691160801

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