Principles of Financial Economics: Facsimile Edition (Facsimile Edition)

Author: Leroy
Publisher:
Publish Date: 2003-11-01
Features: Daryl Duffie of Stanford University reviewed the book and said: "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 Ph.D. students studying finance and economics, as well as a shining feature for entering the literature of this field." This book introduces the knowledge of financial economics to graduate students in economics. Since almost all major ideas in financial economics can be developed in 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 with some of the most outstanding works in microeconomics. At the same time, the authors provide ample discussions 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 Ph.D. students studying finance and economics, as well as a shining feature for entering the literature of this field.