The Economics of Financial Markets

# Publisher: Cambridge University Press (July 11, 2005)
# Language: English
# ISBN-10: 052184827X
# ISBN-13: 978-0521848275

Review‘This is a very well-written and thorough presentation of the key topics in financial economics - the book deserves to be widely adopted in support of courses in this dynamic area of teaching and research.’ ?Peter Smith, Professor of Economics and Finance, University of York

‘Roy Bailey has written a highly readable and comprehensive introduction to financial markets. He takes the reader carefully through relevant theories before describing how they relate to different financial markets. Students will benefit from Roy Bailey’s rigorous but approachable style of writing.’?Colin Mayer, Peter Moores Professor of Finance, Saïd Business School, University of Oxford

'Roy Bailey takes the rigourous economists approach and provides a detailed treatment of the underlying theoretical concepts. … provides complete coverage of the important concepts involved.'?Times Higher Education Supplement

Book Description
The Economics of Financial Markets presents a concise overview of capital markets, suitable for advanced undergraduates and for beginning graduate students in financial economics. Following a brief overview of financial markets--their microstructure and the randomness of stock market prices--this textbook explores how the economics of uncertainty can be applied to financial decision-making. Emphasis is placed on the economic principles underlying all financial markets, focusing on markets for equities, bonds, futures and options contracts.

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http://www.amazon.com/Economics-Financial-Markets-Roy-Bailey/dp/052184827X

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