Jaksa Cvitanic Fernando Zapatero, «Introduction to the Economics and Mathematics of Financial Markets»
ISBN: 0262033208 | Publisher: The MIT Press | Publication Date: 2004-03-01 | Number Of Pages: 448 | PDF


Book Description
Introduction to the Economicsand Mathematics of Financial Markets fills the longstanding need for anaccessible yet serious textbook treatment of financial economics. Thebook provides a rigorous overview of the subject, while its flexiblepresentation makes it suitable for use with different levels ofundergraduate and graduate students. Each chapter presents mathematicalmodels of financial problems at three different degrees ofsophistication: single-period, multi-period, and continuous-time. Thesingle-period and multi-period models require only basic calculus andan introductory probability/statisticscourse, while an advanced undergraduate course in probability ishelpful in understanding the continuous-time models. In this way, thematerial is given complete coverage at different levels; the lessadvanced student can stop before the more sophisticated mathematics andstill be able to grasp the general principles of financial economics.

The book is divided into three parts. The first part provides an introductionto basic securities and financial market organization, the concept ofinterest rates, the main mathematical models, and quantitative ways tomeasure risks and rewards. The second part treats option pricing andhedging; here and throughout the book, the authors emphasize theMartingale or probabilistic approach. Finally, the third part examinesequilibrium models -- a subject often neglected by other texts infinancial mathematics, but included here because of the qualitativeinsight it offers into the behavior of market participants and pricing.



是英文版，入门教材

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