Financial Theory Study Guide
The guide systematically reviews the core content of financial theory, presenting it in a logical progression across stages, covering basic concepts, theoretical evolution, tool mechanisms, risk management, policy practice, and market dynamics, aiding in the construction of a comprehensive financial cognition system.
Core Financial Concepts and Basic Framework
Analysis of the Essence and Core Concepts of Finance
- The Essence of Finance: Definitions and Relationships of Money, Capital, Market, and Credit
- Classification of Financial Instruments: Bonds, Stocks, Derivatives, and Foreign Exchange Operational Mechanisms
- Functions of Financial Markets: Threefold Roles in Resource Allocation, Price Discovery, and Risk Dispersion
- Financial System Hierarchy: Relationship Network Between Central Banks, Financial Institutions, and Market Participants
The Evolutionary Trajectory of Financial Theory
- Classical Financial Theory: Origins of the Efficient Market Hypothesis and the Capital Asset Pricing Model
- Modern Financial Theory: Breakthroughs in Behavioral Finance and Complex Systems Finance
- New Financial Theory: Disruption of Traditional Models by FinTech and Blockchain
- Financial theory: the convergence of economics, mathematics, and computer science