From Main Street to Wall Street
1. Auflage 2019,
178 Seiten, Gebunden, HC runder Rücken kaschiert, Format (B × H): 160 mm x 241 mm, Gewicht: 459 g
Reihe: Springer Texts in Business and Economics
Verlag: Springer International Publishing
Elmiger / Hens Economic Foundations for FinanceThis book provides readers with essential concepts from financial economics for an integrated study of the financial system and the real economy. It discusses how long-term market prices are determined and affected by population growth, technological progress and non-renewable resources. The meaning of market prices is examined from the perspective of households and from the perspective of firms. The book therefore connects different fields of finance, which usually focus only on either the households’ side or the firms’ side.
Weitere Infos & Material
Introduction.- Financial Markets and Institutions.- The Basic Economic Model.- Extension of the Model to Capital.- Extension of the Model to an Infinite Horizon.- Extension of the Model to Uncertainty.- Extension of the Model to Exhaustible Resources.- Aggregation.- Conclusion.- Appendix: Exercises.- Mathematical Tools.- Sufficiency of the First Order Conditions.- Covariance of SDF and Returns.- References.- Index.