An outline of financial economics / / Satya R. Chakravarty [[electronic resource]]

• Record Nr.: UNINA9910462371403321
• Autore: Chakravarty Satya R.
• Pubbl/distr/stampa: London : , : Anthem Press, , 2013
• ISBN: 0-85728-575-0
• Descrizione fisica: 1 online resource (xiii, 299 pages) : digital, PDF file(s)
• Collana: Anthem Finance
• Disciplina: 332
• Soggetti: Finance; Economics
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Title from publisher's bibliographic system (viewed on 02 Oct 2015).
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Basic concepts -- Intertemporal decision-making and time value of money -- Risk and uncertainty -- Valuation of stocks -- Stock transactions -- Valuation of cash flows and capital budget allocation -- Financial structure of a firm -- Valuation of bonds and interest rates -- Markets for options -- Arbitrage and binomial model -- Brownian motion and Itō's Lemma -- The Black-Scholes-Merton model -- Exotic options -- Risk-neutral valuation and martingales -- Portfolio management : the mean-variance approach -- Stochastic dominance -- Portfolio management : the mean-Gini approach.
• Sommario/riassunto: ℗“An Outline of Financial Economics℗” presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds ℗– which are regarded as fixed income securities ℗– in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, ℗“An Outline of Financial Economics℗” will be an indispensable book ; for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.