list of figures 
preface 
1 asset markets and asset prices 
2 asset market microstructure 
3 predictability of prices and market efficiency 
4 decision making under uncertainty 
5 portfolio selection�� the mean��variance model 
6 the capital asset pricing model 
7 arbitrage 
8 factor models and the arbitrage pricing theory 
9 empirical appraisal of the capm and apt 
10 present value relationships and price variability 
11 intertemporal choice and the equity premium puzzle 
12 bond markets and fixed��interest securities 
13 term structure of interest rates 
14 futures markets ���� fundamentals 
15 futures markets ���� speculation and hedging 
16 futures markets ���� applications 
17 swap contracts and swap markets 
18 options markets ���� fundamentals 
19 options markets ���� price determination 
20 options markets ���� applications