{"product_id":"the-economics-of-financial-markets-paperback-9780521612807","title":"The Economics of Financial Markets (Paperback) 9780521612807","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Economics of Financial Markets\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis book covers the economic principles underlying all financial markets, focusing on markets for equities, bonds, futures and options contracts.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRoy E. Bailey (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521612807, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 26 May 2005\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e550 pages\u003cbr\u003e24.7 x 17.4 x 3.3 cm, 1.07 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Roy Bailey takes the rigourous economists approach and provides a detailed treatment of the underlying theoretical concepts. … provides complete coverage of the important concepts involved.' The Times Higher Education Supplement\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe 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. The mean-variance model of portfolio selection is discussed, with analysis extended to the capital asset pricing model (CAPM). Arbitrage plays a pivotal role in finance and is studied in a variety of contexts, including the APT model of asset prices. Methods for the empirical evaluation of CAPM and APT are also discussed, together with the volatility of asset prices, the intertemporal CAPM and the equity premium puzzle. An analysis of bond contracts leads into an assessment of theories of the term structure of interest rates. Finally, financial derivatives are explored, focusing on futures and options contracts.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e 1. Asset markets and asset prices\u003cbr\u003e 2. Asset market microstructure\u003cbr\u003e 3. Predictability of prices and market efficiency\u003cbr\u003e 4. Decision making under uncertainty\u003cbr\u003e 5. Portfolio selection: the mean-variance model\u003cbr\u003e 6. The capital asset pricing model, CAPM\u003cbr\u003e 7. Arbitrage\u003cbr\u003e 8. Factor models and arbitrage pricing theory, APT\u003cbr\u003e 9. Empirical appraisal of the CAPM\u003cbr\u003e 10. Present value relationships and price variability\u003cbr\u003e 11. Intertemporal choice and equity premium puzzle\u003cbr\u003e 12. Bond markets and fixed-interest securities\u003cbr\u003e 13. Term structure and interest rates\u003cbr\u003e 14. Futures markets - fundamentals\u003cbr\u003e 15. Futures markets - speculation and hedging\u003cbr\u003e 16. Futures markets - applications\u003cbr\u003e 17. Swap contracts and swap markets\u003cbr\u003e 18. Options markets: fundamentals\u003cbr\u003e 19. Options markets - price determination\u003cbr\u003e 20. Options markets - applications.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e], International economics [\u003ca title=\"See our other books on International economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22International%20economics%20%5BKCL%5D%22\"\u003eKCL\u003c\/a\u003e], Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46001529356568,"sku":"9780521612807","price":49.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521612807i_9a3acb3a-8ff3-43d6-8742-6220239023bc.jpg?v=1691370513","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-economics-of-financial-markets-paperback-9780521612807","provider":"Freshly Printed Books","version":"1.0","type":"link"}