This book presents the basic economic concepts behind daily activities onfinancial markets, such as stock price or exchange rate movement, and triesto explain the relations between them.It briefly introduces choice underuncertainty, risk aversion, portfolio optimization problems, marketefficiency hypothesis, and equilibrium of asset markets.In addition, theCapital Asset Pricing Model (CAPM), and Arbitrage Pricing Theory (APT) arepresented.It brings the most exciting part of academic evolution offinancial economics in the last three decades to the pubic with modestknowledge of mathematics.It also shows the weakness of these theories. Very self-contained and readable.However, if you want to pursue a groundunderstanding of these theories, you should go further.Click Here to see more reviews about: The Economics of Financial Markets (Hardcover)
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