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Rating: 
Summary: A very interesting book
Review: A good introduction to the economics of finance.
Rating: 
Summary: Be afraid (as one has already said)
Review: If you do not know the topic already at the authors' level, then do not buy this book. You need a towel to get thru. I had impression that the book had been cut down by the editors to save space - some explanations (or should I say - lack of) just drive you crazy.
Cochrane is much much better (but it is only about asset pricing).
Rating:
Summary: Be afraid (as one has already said)
Review: is there any body in this whole world of financial economists to write a book on the subject that undergraduates in economics and management can understand? if such a book exist please let me know ASAP!
Rating: 
Summary: Just the Meat and Kept Simple
Review: LeRoy and Werner give a clear and concise walk through main issues in financial economics. Models are kept simple, so complex concepts can be understood more easily. It is an great introduction to the field and an excellent source for students interested in developing skills for modeling financial problems in an economic context. However, since it is not aimed for undergraduate/MBA students, it lacks intuitive explanation of the subjects - which for the target user is not really needed. So if you are an undergraduate/MBA student, I would suggest you not to buy this book. However, if you are Phd student in economics and finance, this is a must buy.
Rating:
Summary: A LITTLE FORMAL, BUT A GOOD READ
Review: This book fits in the market niche defined by Huang and Litzenberger and Ingersoll, and it fits well, despite some peculiar lapses into the extremely--and not needed--formal. For example, the authors present their main derivation of the Capital Asset Pricing Model via the Riesz Representation Theorem in Hilbert space (!). There are better ways. Despite such idiosyncracies, the book's good and well worth its surprisingly low price.
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