Intermediate Financial Theory - 2nd Edition - ISBN: 9780080509020

Intermediate Financial Theory

2nd Edition

eBook ISBN: 9780080509020
Imprint: Academic Press
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Table of Contents

PART I : INTRODUCTION Chapter 1: On the Role of Financial Markets and Institutions Chapter 2: The Challenges of Asset Pricing: A Roadmap PART II: THE DEMAND FOR FINANCIAL ASSETS Chapter 3: Making Choices in Risky Situations Chapter 4: Measuring Risk and Risk Aversion Chapter 5: Risk Aversion and Investment Decisions, Part I Chapter 6: Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory PART III: EQUILIBRIUM PRICING Chapter 7: The Capital Asset Pricing Model: Another View about Risk Chapter 8: Arrow-Debreu Pricing I Chapter 9: The Consumption Capital Asset Pricing Model (CCAPM) PART IV: ARBITRAGE PRICING Chapter 10: Arrow-Debreu Pricing II: the Arbitrage Perspective Chapter 11: The Martingale Measure : Part I Chapter 12: The Martingale Measure : Part II Chapter 13: The Arbitrage Pricing Theory (APT) PART V: EXTENSIONS Chapter 14: Portfolio Management in the long run Chapter 15: Financial Structure and Firm Valuation in Incomplete Markets Chapter 16: Financial Equilibrium with Differential Information EXERCISES


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"This is an excellent book that introduces financial asset pricing theory as a natural extension of microeconomic and general equilibrium theory. The exposition of classic and recent results is clear, thorough and accessible to any economist or graduate student who has a good grounding in microeconomic theory. Having mastered this material the reader is well equipped to tackle the many variations of asset pricing models in the literature." --Frank Milne, Queen’s University, Professor of Economics and Finance "This book is ideally suited to students wishing to gain a deeper understanding of the basic concepts of financial economics beyond those presented in a typical MBA program without having to deal with unnecessary mathematical details. The exposition is superb and enriching of intuition. The book, written by two of the professions leading experts, is unique." -- Rajnish Mehra, Professor of Finance, University of California, Santa Barbara