Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade".
Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those concerning the real economy.
It has two main areas of focus: asset pricing and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital.
It thus provides the theoretical underpinning for much of finance.
The subject is concerned with "the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions.
It thus also includes a formal study of the financial markets themselves, especially market microstructure and market regulation.
It is built on the foundations of microeconomics and decision theory.
Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise the relationships identified.
Mathematical finance is related in that it will derive and extend the mathematical or numerical models suggested by financial economics.
Whereas financial economics has a primarily microeconomic focus, monetary economics is primarily macroeconomic in nature.
Financial economics studies how rational investors would apply decision theory to investment management. The subject is thus built on the foundations of microeconomics and derives several key results for the application of decision making under uncertainty to the financial markets. The underlying economic logic yields the fundamental theorem of asset pricing, which gives the conditions for arbitrage-free asset pricing.
The aside formulae result directly.
Cette page est générée automatiquement et peut contenir des informations qui ne sont pas correctes, complètes, à jour ou pertinentes par rapport à votre recherche. Il en va de même pour toutes les autres pages de ce site. Veillez à vérifier les informations auprès des sources officielles de l'EPFL.
This course gives you an easy introduction to interest rates and related contracts. These include the LIBOR, bonds, forward rate agreements, swaps, interest rate futures, caps, floors, and swaptions.
This course provides an overview of the theory of asset pricing and portfolio choice theory following historical developments in the field and putting
emphasis on theoretical models that help our unde
The aim of this course is to expose EPFL bachelor students to some of the main areas in financial economics. The course will be organized around six themes. Students will obtain both practical insight
This course provides an introduction to distributed ledger technology, blockchains and cryptocurrencies, and their potential applications in finance and banking.
Explore les applications financières des blockchains, y compris DeFi, les protocoles de prêt, les DAO, les prêts flash et les solutions d'assurance basées sur des jetons.
Déplacez-vous dans les bases de la blockchain et les applications financières, couvrant les puzzles de hachage, les arbres de Merkle, preuve d'enjeux, et les contrats intelligents.
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing and corporate finance; the first being the perspective of providers of capital, i.e.
En finance, l'analyse quantitative est l'utilisation de mathématiques financières, souvent dérivées des probabilités, pour mettre au point et utiliser des modèles permettant aux gestionnaires de fonds et autres spécialistes financiers de s'attaquer à deux problèmes : mieux évaluer la valeur des actifs financiers, et surtout leurs dérivés. Ces dérivés peuvent être des produits comme les warrants, les certificats ou tout autre type de dérivé ou d'option (contrats Futures sur matières premières, indices, etc.
La modélisation financière consiste à représenter une situation financière grâce à un modèle mathématique, en fonction de différents paramètres. La modélisation financière facilite ainsi la prise de décision, en permettant de simuler divers scénarios et d’aboutir à des recommandations. La modélisation s’applique principalement à deux grands domaines de la finance, la finance d’entreprise et la finance de marché.
This thesis consists of two chapters that study separate subjects in the area of corporate finance.The first chapter, titled âEconomic Gains in Bank Mergers and Acquisitions â Evidence from Target
This thesis consists of three parts that study separate subjects in corporate finance and corporate governance. The overarching theme is ownership by CEOs and other insiders.In the first part, whic
This thesis consists of three chapters that study separate subjects in the area of corporate governance and financial intermediation.In the first chapter, I study a protectionist anti-takeover law