The Economics of Financial Markets has been specially written for students of economics taking advanced undergraduate and Masters level courses in financial markets and financial economics.

Key Features

• Aimed at upper level undergraduate and graduate students
• Ideal for courses in Financial Economics, Financial Markets, Asset Prices and Capital Markets
• Offers a more complete exposition of the underlying economic principles than can be found in other texts
• Provides a comprehensive coverage of the subject, including market microstructure, economics of uncertainty, capital asset pricing models, arbitrage, empirical valuation and a range of financial instruments
• Clearly written and explained, based on extensive student feedback over several years
• Numerous exercises and worked examples
• Companion website offers a variety of online resources, including exercises with solutions and updates on new research

"...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