The Economics of Financial Markets |
 enlarge | Author: Roy E. Bailey
Publisher: Cambridge University Press
Category: Book
List Price: $61.00
Buy New: $49.29
You Save: $11.71 (19%)
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Rating:  1 reviews
Sales Rank: 153522
Media: Paperback
Pages: 548
Number Of Items: 1
Shipping Weight (lbs): 2.3
Dimensions (in): 9.6 x 6.5 x 1.4
ISBN: 0521612802
Dewey Decimal Number: 332.0415
EAN: 9780521612807
ASIN: 0521612802
Publication Date: June 20, 2005
Availability: Usually ships in 1-2 business days
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Product Description
The Economics of Financial Markets presents a concise overview of capital markets, suitable for advanced undergraduates and for beginning graduate students in financial economics. Following a brief overview of financial markets--their microstructure and the randomness of stock market prices--this textbook explores how the economics of uncertainty can be applied to financial decision-making. Emphasis is placed on the economic principles underlying all financial markets, focusing on markets for equities, bonds, futures and options contracts.
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Customer Reviews:
A reader December 4, 2006
Henry Wong
0 out of 1 found this review helpful
"The Economics of Financial Markets" is an excellent introduction to the field of finance for undergraduates. It guides the reader step by step through important issues in finance while saving difficult mathematical proofs in the appendix. The view presented in this book is quite balance. It even has a short chapter on empirical test of CAPM and APT which is usually not found in other books with similar titles. Althought the chapters on option markets and Black-Scholes is not as detail as other books on financial engineering, it is indeed a good thing because it gives the reader a bird eye's view without unnecessary details. After reading this book, the reader can go on to more advanced text like Merton without too much difficulties. The only drawback is that it doesn't have any excerise, but this is not a problem for me.
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