finansøkonomi
Finansøkonomi, known in English as finance economics, is the study of how individuals, firms, and governments allocate resources over time under conditions of uncertainty. It combines the analytical tools of economics with mathematical finance to understand the mechanisms of capital markets, credit markets, and the budgeting decisions of enterprises and governments. The field emerged in the early twentieth century, building on the work of key figures such as Irving Fisher, who linked interest rates to inflation expectations, and later on the development of the Modigliani-Miller theorem, which showed that, under idealised market conditions, the value of a firm is independent of its capital structure.
Central concepts in finansøkonomi include the time value of money, the trade‑off between risk and return, efficient
Finansøkonomi plays a critical role in global economic policy. It informs central banks when setting monetary