This book provides modern treatments to key areas of finance theories in Merton’s collection of continuous-time work, namely optimum consumption and intertemporal portfolio selection, option pricing theory, corporate finance, complete market general equilibrium and static analyses of capital market theories. It is a first semester course in PhD Finance training in business schools, where the emphasis is placed equally on mathematical rigour as well as economic reasoning. Where appropriate, the lecture note is supplemented by other classical text such as Ingersoll (1987) and materials on stochastic calculus.

这本书提供了现代金融理论的关键领域，默顿的连续时间工作集，即最佳消费和跨期投资组合选择，期权定价理论，公司金融，完全市场一般均衡和资本市场静态分析理论。这是商学院金融学博士培训的第一学期课程，重点放在数学严谨性和经济推理上。在适当的情况下，课堂讲稿由其他经典文本补充，如英格索尔（1987）和随机微积分材料。