This book on financial economics takes into consideration the full generality of propositions and proofs. It uses general equilibrium theory as a basis for understanding and unifying more difficult literature. Chapter topics glance into new developments and ideas that are likely to shape future financial practice and thinking—Such as Arrow-Debreu pricing in Chapter 7, risk neutral pricing in Chapters 9 and 11, CCAPM in Chapter 10, market incompleteness in Chapter 13, and differential information in Chapter 14. For professionals in finance careers.
Intermediate Financial Theory is intended primarily for students seeking a master's degree and advanced MBAs taking a course in finance. This text is for those who find the doctoral texts excessively abstract and introductory texts too elementary.