Intermediate Financial Theory

Rating:
Summary: Accurate title for an excellent book
Review: This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts. While the mathematical prerequisites are relatively limited (comfort with matrices and Lagrangians), they may not be in the toolkit of most MBAs. (Note that many books claim to require little prior mathematical training, but this one actually does so.)

This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.

The exercises are very good. There are some typographical errors but no more than typical for this kind of book.