What is a bond? -- What determines prices and interest rates on bonds? -- How do bond markets work? -- How do stocks and stock markets work? -- What is the federal reserve and how does monetary policy work? -- What causes stock market bubbles and government debt crises? -- How should you invest...

Mathematical Interest Theory provides an introduction to how investments grow over time. This is done in a mathematically precise manner. The emphasis is on practical applications that give the reader a concrete understanding of why the various relationships should be true. Among the modern...