Financial Economics

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This book seeks to explain finance through its functions rather than its institutions, concentrating on the three pillars of finance: optimization over time, asset valuation, and risk management.For Sale in Indian subcontinent onlyFeaturesThe Three Pillars of Finance represents the basic “laws” and principles that apply across all the topical subfields of the discipline. This makes students can see finance as one big picture instead of as unconnected pieces. Incorporates All Areas of Finance: This text provides students with a broad spectrum of finance including investments, institutions, and corporate finance. This idea departs from most text, which typically focus on corporate finance, exclusively. Policy Boxes: These policy boxes are integrated throughout each chapter to illustrate the wide-ranging global policy issues that apply to the chapter material. End-of-Chapter Material: At the end of each chapter, problems have been added, challenging students to apply key financial principles covered in the chapters.ContentsFinancial Economics Financial Markets and Institutions Managing Financial Health and Performance Allocating Resources Over Time Household Saving and Investment Decisions The Analysis of Investment Projects Principles of Market Valuation Valuation of Known Cash Flows: Bonds Valuation of Common Stocks Principles of Risk Management Hedging, Insuring, and Diversifying Portfolio Opportunities and Choice Capital Market Equilibrium Forward and Futures Markets Markets for Options and Contingent Claims Financial Structure of the Firm Real Options