Skip to main content
SpringerLink
Log in
Book cover
  • Textbook
  • © 2015

Mathematical Financial Economics

A Basic Introduction

Authors:

  1. Igor V. Evstigneev

    1. Economics, School of Social Sciences, University of Manchester, Manchester, United Kingdom

    View author publications

    You can also search for this author in PubMed   Google Scholar

  2. Thorsten Hens

    1. Economics, School of Social Sciences, University of Manchester, Manchester, United Kingdom

    View author publications

    You can also search for this author in PubMed   Google Scholar

  3. Klaus Reiner Schenk-Hoppé

    1. Economics, School of Social Sciences, University of Manchester, Manchester, United Kingdom

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Offers a novel, unified and elementary introduction to the key topics in Mathematical Finance and Financial Economics
  • Prepares the reader to study and understand more advanced textbooks on Mathematical Finance and Financial Economics, as well as more applied Finance textbooks
  • Covers also less standard topics, such as capital growth theory, as well as an absolutely new topic, evolutionary finance
  • Includes supplementary material: sn.pub/extras

Part of the book series: Springer Texts in Business and Economics (STBE)

Sections

Buy it now

eBook USD 49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 89.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

This is a preview of subscription content, log in via an institution to check for access.

Table of contents (21 chapters)

  1. Front Matter

    Pages i-ix
    PDF

  2. Mean-Variance Portfolio Analysis

    1. Front Matter

      Pages 1-1
      PDF

    2. Portfolio Selection: Introductory Comments

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 3-9

    3. Mean-Variance Portfolio Analysis: The Markowitz Model

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 11-18

    4. Solution to the Markowitz Optimization Problem

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 19-25

    5. Properties of Efficient Portfolios

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 27-32

    6. The Markowitz Model with a Risk-Free Asset

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 33-41

    7. Efficient Portfolios in a Market with a Risk-Free Asset

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 43-51

    8. Capital Asset Pricing Model (CAPM)

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 53-59

    9. CAPM Continued

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 61-67

    10. Factor Models and the Ross-Huberman APT

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 69-81

    11. Problems and Exercises I

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 83-102

  3. Derivative Securities Pricing

    1. Front Matter

      Pages 103-103
      PDF

    2. Dynamic Securities Market Model

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 105-114

    3. Risk-Neutral Pricing

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 115-123

    4. The Cox–Ross–Rubinstein Binomial Model

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 125-135

    5. American Derivative Securities

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 137-144

    6. From Binomial Model to Black–Scholes Formula

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 145-155

    7. Problems and Exercises II

      • Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
      Pages 157-165

  4. Growth and Equilibrium

    1. Front Matter

      Pages 167-167
      PDF
Back to top

About this book

This textbook is an elementary introduction to the key topics in mathematical finance and financial economics - two realms of ideas that substantially overlap but are often treated separately from each other. Our goal is to present the highlights in the field, with the emphasis on the financial and economic content of the models, concepts and results. The book provides a novel, unified treatment of the subject by deriving each topic from common fundamental principles and showing the interrelations between the key themes. Although the presentation is fully rigorous, with some rare and clearly marked exceptions, the book restricts itself to the use of only elementary mathematical concepts and techniques. No advanced mathematics (such as stochastic calculus) is used.
Back to top

Keywords

Back to top

Reviews

“Mathematical Financial Economics (A Basic Introduction) is indeed a work accessible to the general public and can give a great contribution to the dissemination of knowledge in these areas, so important in modern everyday life. Indispensable either to professionals or to curious people, whether practical or academics, whether graduate or post-graduate students. In short: a true knowledge transfer book.” (Manuel Alberto M. Ferreira, Acta Scientiae et Intellectus, Vol. 2 (6), 2016)

Back to top

Authors and Affiliations

  • Economics, School of Social Sciences, University of Manchester, Manchester, United Kingdom

    Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé

Back to top

Bibliographic Information

  • Book Title: Mathematical Financial Economics

  • Book Subtitle: A Basic Introduction

  • Authors: Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé

  • Series Title: Springer Texts in Business and Economics

  • DOI: https://doi.org/10.1007/978-3-319-16571-4

  • Publisher: Springer Cham

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2015

  • Hardcover ISBN: 978-3-319-16570-7Published: 01 June 2015

  • Softcover ISBN: 978-3-319-36249-6Published: 12 October 2016

  • eBook ISBN: 978-3-319-16571-4Published: 15 May 2015

  • Series ISSN: 2192-4333

  • Series E-ISSN: 2192-4341

  • Edition Number: 1

  • Number of Pages: IX, 224

  • Number of Illustrations: 18 b/w illustrations, 3 illustrations in colour

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Quantitative Finance, Finance, general

Back to top

Publish with us

Policies and ethics

Back to top
Access via your institution

Buy it now

eBook USD 49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 89.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Search

Navigation