Principles of Financial Economics: Photocopy Edition

Author: Leroy
Publisher:
Publish Date: 2003-11-01
Features: Darryl Duffie of Stanford University praised the book by saying, "Leroy and Werner introduce financial economics along a clear and traditional line of thought. The coverage of asset pricing theory in this book is unforgettable and will undoubtedly become the standard for PhD students studying finance and economics, as well as a shining feature for entering the literature of this field." This book introduces students in economics programs to the knowledge of financial economics. Since almost all major ideas in financial economics can be developed within the context of a two-period model, this book focuses on a detailed study of the two-period model. The rigorous analysis in this book can be compared to some of the most outstanding works in microeconomics. At the same time, the authors provide ample discussion and examples, making the main ideas of financial economics easily understandable for readers. The coverage of asset pricing theory in this book is unforgettable and will undoubtedly become the standard for PhD students studying finance and economics, as well as a shining feature for entering the literature of this field.