Stephen A. Ross

Principles of Financial Economics by Stephen F. LeRoy

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Equilibrium Prices and Allocations

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Equilibrium and Arbitrage

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Contents

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Mean-Variance Analysis

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Index

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Risk

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.

Principles of Financial Economics: Martingale Property of Security Prices

The subfield of financial economics is generally understood to be a branch of microeconomic theory and, more broadly, of general equilibrium theory. Finance methods are increasingly used to analyze problems involving time and uncertainty in such fields as monetary and environmental economics. This book introduces graduate students in economics to the subfield. It stresses the link between financial economics and equilibrium theory, devoting less attention to purely financial topics such as valuation of derivatives. Because students often find this link hard to grasp, the treatment aims to make the connection explicit in each stage of the exposition. Emphasis is placed on detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. The analysis aims to be comparable in rigor to the best work in microeconomics; at the same time, the authors provide enough discussion and examples to make the ideas readily understandable.