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Economic Foundations for Finance

From Main Street to Wall Street

  • Textbook
  • © 2019

Overview

Authors:
  1. Thorsten Hens

    1. Department of Banking and Finance, University of Zurich, Zurich, Switzerland

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  2. Sabine Elmiger

    1. Department of Banking and Finance, University of Zurich, Zurich, Switzerland

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Provides a systematic analysis of market prices from the perspective of households and firms to help readers to gain a more integrated view of financial markets
  • Illustrates real-world examples to help readers to apply basic economic tools in discussions of highly topical issues in economics and finance
  • Includes numerous exercises at the end of the book providing the reader with a comprehension check

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

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • Thorsten Hens, Sabine Elmiger
    Pages 1-3

  3. Financial Markets and Institutions

    • Thorsten Hens, Sabine Elmiger
    Pages 5-9

  4. The Basic Economic Model

    • Thorsten Hens, Sabine Elmiger
    Pages 11-24

  5. Extension of the Model to Capital

    • Thorsten Hens, Sabine Elmiger
    Pages 25-45

  6. Extension of the Model to an Infinite Horizon

    • Thorsten Hens, Sabine Elmiger
    Pages 47-78

  7. Extension of the Model to Uncertainty

    • Thorsten Hens, Sabine Elmiger
    Pages 79-109

  8. Extension of the Model to Exhaustible Resources

    • Thorsten Hens, Sabine Elmiger
    Pages 111-132

  9. Aggregation

    • Thorsten Hens, Sabine Elmiger
    Pages 133-148

  10. Conclusion

    • Thorsten Hens, Sabine Elmiger
    Pages 149-152

  11. Back Matter

    Pages 153-178
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Keywords

About this book

This book provides readers with essential concepts from financial economics for an integrated study of the financial system and the real economy. It discusses how long-term market prices are determined and affected by population growth, technological progress and non-renewable resources. The meaning of market prices is examined from the perspective of households and from the perspective of firms. The book therefore connects different fields of finance, which usually focus only on either the households’ side or the firms’ side.

Authors and Affiliations

  • Department of Banking and Finance, University of Zurich, Zurich, Switzerland

    Thorsten Hens, Sabine Elmiger

About the authors

Thorsten Hens is a Swiss Finance Institute Professor of Financial Economics at the University of Zurich as well as an adjunct professor at the Norwegian School of Economics in Bergen and the University of Lucerne. He studied in Bonn and Paris and previously held positions in Stanford and Bielefeld.

Sabine Elmiger is a research associate at the University of Zurich and visiting scholar at the University of Cape Town. She studied at the ETH Zurich and obtained her Ph.D. from the University of Zurich.

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