The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets....
The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to unde...
Noch ein mikrookonomisches Lehrbuch? Oftmals wird die Mikrotheorie als Sammelsurium von abstrakten Rechen- geln dargestellt. Durch diese "Liebe zum mathematischen Detail" verliert der Studierende jedoch meist den Blick fur das Wesentliche: die Konzepte und die Methodik, die die Mikrotheorie zur Erklarung von Marktwirtschaften l- fert. Ziel dieses Buches ist es deshalb, einmal den entgegengesetzten Weg zu gehen. Von Anfang an steht die folgende umfassende Fragestellung im Bre- punkt des Buches: Warum beobachtet man in privaten Marktwirtschaften, in denen jeder unabhangig voneinander und nach...
Noch ein mikrookonomisches Lehrbuch? Oftmals wird die Mikrotheorie als Sammelsurium von abstrakten Rechen- geln dargestellt. Durch diese "Liebe zum ma...
Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a...
Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financ...
