×Toggle helper textThis website uses cookies. By using our website and agreeing to our cookies policy, you consent to our use of cookies in accordance with the terms of this policy. Read more
XWe have detected your location as outside the U.S/Canada, if you think this is wrong, you can choose your location.
You will need to create an account on Vitalsource.com with the same email address and install Vitalsource Bookshelf software on your PC or reading device to access and download your e-book.
E-books have DRM protection on them, which means only the person who purchases and downloads the e-book can access it.
To learn more about our e-book service, please refer to our FAQs
This 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...
This 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.
Provides a systematic analysis of market prices from the perspective of households and firms to help readers to gain a more integrated view of financial markets
Illustrates real-world examples to help readers to apply basic economic tools in discussions of highly topical issues in economics and finance
Includes numerous exercises at the end of the book providing the reader with a comprehension check
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.
Thorsten Hens is a Swiss Finance Institute Professor of Financial Economics at the University of Zurich as well as an adjunct professor at the Norwegian School of Economics in Bergen and the University of Lucerne. He studied in Bonn and Paris and previously held positions in Stanford and Bielefeld.
Sabine Elmiger is a research associate at the University of Zurich and visiting scholar at the University of Cape Town. She studied at the ETH Zurich and obtained her Ph.D. from the University of Zurich.
Thorsten Hens is a Swiss Finance Institute Professor of Financial Economics at the University of Zurich as well as an adjunct professor at the Norwegian School of Economics in Bergen and the University of Lucerne. He studied in Bonn and Paris and previously held positions in Stanford and Bielefeld.
Sabine Elmiger is a research associate at the University of Zurich and visiting scholar at the University of Cape Town. She studied at the ETH Zurich and obtained her Ph.D. from the University of Zurich.
