Part I: Introduction
1: The Economics of Financial Markets
2: Financial Markets and Economic Efficiency
Part II: Intertemporal Allocation by Consumers and Firms When
Future Payments are Certain
3: The Fundamental Economics of Intertemporal Allocation
4: The Fisher Diagram for Optimal Intertemporal Allocation
5: Maximizing lifetime utility in a firm with many shareholders
6: A Transition to Models in which Future Outcomes Are
Uncertain
Part III: Rates of Return as Random Variables
7: Probabilistic Models
Part IV: Portfolio Theory and Capital Asset Pricing Theory
8: Portfolio Theory
9: The Capital Asset Pricing Model
10: Multifactor Models for Pricing Securities
Part V: The Informational Efficiency and the Allocative Efficiency
of Financial Markets: The Concepts
11: The Efficient Market Hypothesis
12: Event Studies
Part VI:The Informational and Allocative Efficiency of Financial
Markets: Applications
13: Capital Structure
14: Options
15: Futures Contracts
16: Insider Trading
17: Summary and Conclusions
"James Bradfield's Introduction to the Economics of Financial
Markets is a well-written non-technical introduction to finance
theory. While covering all of the traditional topics, the book
emphasizes the contributions that financial markets can make to
economic well-being. It will be particularly appealing to
undergraduates studying economics who want to understand
risk-return tradeoffs in securities markets, the market efficiency
concept, futures and
options, and the economic implications of debt and equity
contracts."--John P. Caskey, Professor of Economics, Swarthmore
College
"Professor Bradfield has written a wonderful book on the Economics
of Financial Markets. It's one of the few texts focusing on the
economics of securities markets and their operation. Professor
Bradfield starts with the basics, but moves on to present extremely
complex financial concepts in a transparent and intuitive manner.
This book is a "must read" for anyone seeking to understand how
economists view the efficiency (informational and otherwise) of
financial markets and securities." --Daniel Jubinski, Assistant
Professor of Economics, Colgate University, Department of
Economics
"James Bradfield's Introduction to the Economics of Financial
Markets is a well-written non-technical introduction to finance
theory. While covering all of the traditional topics, the book
emphasizes the contributions that financial markets can make to
economic well-being. It will be particularly appealing to
undergraduates studying economics who want to understand
risk-return tradeoffs in securities markets, the market efficiency
concept, futures and
options, and the economic implications of debt and equity
contracts."--John P. Caskey, Professor of Economics, Swarthmore
College
"Professor Bradfield has written a wonderful book on the Economics
of Financial Markets. It's one of the few texts focusing on the
economics of securities markets and their operation. Professor
Bradfield starts with the basics, but moves on to present extremely
complex financial concepts in a transparent and intuitive manner.
This book is a "must read" for anyone seeking to understand how
economists view the efficiency (informational and otherwise) of
financial markets and securities." --Daniel Jubinski, Assistant
Professor of Economics, Colgate University, Department of Economics
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