An Outline of Financial Economics

An Outline of Financial Economics

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a€œAn Outline of Financial Economicsa€ presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds a€“ which are regarded as fixed income securities a€“ in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, a€œAn Outline of Financial Economicsa€ will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.He can buy 300 shares at an aggregate cost of 80 A— 300 dollars = 24000 dollars and return the shares to the party from which they ... Note that a stock market uses the publicly available information and no investor can make money by using this information personally. ... An increase in the value of a stock index over some specified short interval, say one day, is taken as an indication of an increase in theanbsp;...

Title:An Outline of Financial Economics
Author:Satya R. Chakravarty
Publisher:Anthem Press - 2014-11-01


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