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Introduction to the Economics and Mathematics of Financial Markets (Hardcover) Loot Price: R1,493
Discovery Miles 14 930
You Save: R529 (26%)
Introduction to the Economics and Mathematics of Financial Markets (Hardcover): Jaksa Cvitanic, Fernando Zapatero

Introduction to the Economics and Mathematics of Financial Markets (Hardcover)

Jaksa Cvitanic, Fernando Zapatero

Series: The MIT Press

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List price R2,022 Loot Price R1,493 Discovery Miles 14 930 | Repayment Terms: R139 pm x 12* You Save R529 (26%)

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An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and economics. Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three different degrees of sophistication: single-period, multi-period, and continuous-time. The single-period and multi-period models require only basic calculus and an introductory probability/statistics course, while an advanced undergraduate course in probability is helpful in understanding the continuous-time models. In this way, the material is given complete coverage at different levels; the less advanced student can stop before the more sophisticated mathematics and still be able to grasp the general principles of financial economics. The book is divided into three parts. The first part provides an introduction to basic securities and financial market organization, the concept of interest rates, the main mathematical models, and quantitative ways to measure risks and rewards. The second part treats option pricing and hedging; here and throughout the book, the authors emphasize the Martingale or probabilistic approach. Finally, the third part examines equilibrium models-a subject often neglected by other texts in financial mathematics, but included here because of the qualitative insight it offers into the behavior of market participants and pricing.

General

Imprint: MIT Press
Country of origin: United States
Series: The MIT Press
Release date: February 2004
First published: 2004
Authors: Jaksa Cvitanic • Fernando Zapatero
Dimensions: 229 x 178 x 29mm (L x W x T)
Format: Hardcover - Cloth over boards
Pages: 516
ISBN-13: 978-0-262-03320-6
Categories: Books > Business & Economics > Finance & accounting
Books > Business & Economics > Finance & accounting > Finance
Books > Business & Economics > Finance & accounting > Finance > General
Books > Money & Finance > General
Books > Business & Economics > Promotions
LSN: 0-262-03320-8
Barcode: 9780262033206

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