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. The mean-variance model of portfolio selection is discussed, with analysis extended to the capital asset pricing model (CAPM). Arbitrage plays a pivotal role in finance and is studied in a variety of contexts, including the APT model of asset prices. Methods for the empirical evaluation of CAPM and APT are also discussed, together with the volatility of asset prices, the intertemporal CAPM and the equity premium puzzle. An analysis of bond contracts leads into an assessment of theories of the term structure of interest rates. Finally, financial derivatives are explored, focusing on futures and options contracts.
In this close, personal history, the result of eight years of intensive research, Reed finds Faubus to be an opaque man, "an insoluable mixture of cynicism and compassion, guile and grace, wickedness and goodness," and, ultimately, "one of the last Americans to perceive politics as a grand game." New York Times Book Review Notable Book for 1997 1998 Certificate of Commendation, American Association for State and Local History
In the Footsteps of Jesus explores the world of Jesus through the lens of history. By understanding the political, social, and religious dynamics surrounding the Gospels, the reader will gain new insights into their meaning. Utilizing the best scholarship, this book is aimed at intellectually curious believers of all faiths. The reader will be able to imagine the diverse and vibrant world that Jesus inhabited. Covering a wide range of topics, the book describes the political interplay between Rome and Herod the Great and his descendants; the social tensions that led to great revolt and destruction of Jerusalem; the daily life of the people and the profound gap between rich and poor; family structure and the status of women; and the complex religious environment, including the role of the Pharisees, paganism and syncretism, the Temple cult, and the place of the apocryphal teachings in Judaism. Ancient literacy and the oral tradition are also analyzed, illuminating the role of eyewitnesses and the information network—or “holy internet”—of the ancient world. Questions emerge: Who wrote the Gospels? What was their genre? Who was the intended audience?
BASIC BIBLE INTERPRETATION Can the Bible really be understood? Are Old Testament prophecies relevant for today? How can I understand the symbolism of the Book of Revelation? What is the relationship of the Old Testament to the New Testament? Why study Bible interpretation? Dr. Roy Zuck points out that it is essential for understanding and teaching the Bible properly, essential as a step beyond observation, and essential for applying the Bible correctly. He discusses the challenges of Bible interpretation, considers the problems of Bible interpretation, explores the history of Bible interpretation, and defines key terms--all in a practical, down-to-earth way. Though Dr. Zuck's many years of teaching and scholarship are evident in this book, he has written in language understandable to all who are serious about bible study and who want to know better what Scripture means.
This edition provides an economic model for the 1990s and beyond. It features comprehensive discussions of rational expectations, real business cycles and information economics. Real-world applications are incorporated wherever possible, strengthening the link between theory and reality. questions and problems and summaries.
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