eTextbook: Microfoundations of Financial Economics

Book Jacket Image

List Price 1: $65.00

Rent for 6 months *$26.00

* 6 months - expires 10/17/14
You save $39.00

Prices do not include sales tax, which may apply.

List Price 1: $65.00

eTextbook Purchase: $52.00

You save $13.00

Are you a school looking to buy multiple copies of this book?

  • Free Book Promotion

    For a limited time, this book is eligible for free.

    Click here to redeem the Facebook Offer

    Author(s): Lengwiler, Yvan

    ISBN 10: 0691126313. See all ISBN's

    ISBN 13: 9780691126319

    Edition:

    Publisher: Princeton University Press

    This is an eTextbook Learn More

    Description:

    This textbook takes the reader from the level of microeconomics principles through to modern asset pricing theory. Yvan Lengwiler elegantly links together issues that have in the past been the territory of general economic theorists on the one hand, and financial economists on the other.

    In a sequence of carefully explained steps, the reader learns how the first welfare theorem is used in asset pricing theory. The book then moves on to explore Radner economies and von Neumann-Morgenstern decision theory, and this section culminates in Wilson's mutuality principle and the consumption-based CAPM. This is then put into a dynamic setting, and term structure models are introduced. The empirical shortcomings of the standard asset pricing models are extensively discussed, as is research from the last twenty years aimed at bringing theory in line with reality. The reader is brought up to date on the latest areas of concern, such as habit formation, the consequences of heterogeneity, demographic effects, changing tax regimes, market frictions, and the implications of prospect theory for asset pricing.

    Aimed at masters or Ph.D. students specializing in financial economics, the book can also be used as a supplementary text for students of macroeconomics at this advanced level and will be of interest to finance professionals with a background in economics and mathematics. It includes problems (with solutions), and an accompanying website provides supporting material for lecturers.

    All ISBN's for this title:

    ISBN 10: 0691126313, ISBN 13: 9780691126319, eISBN 10: 1400829577, eISBN 13: 9781400829576

    1. List price can refer to either the digital or print list price, whichever is available to Kno.
  • Cool Product Features

    Kno In Action

    Search

    Journal

    Flashcards

    Kno Me

    Smart Links