+3 votes
in Mathematics by kratos

Nobel Prize in Economics for the year 1997 was awarded for contribution in the area of:

(a) International Economics

(b) Financial Economics

(c) Public Economics

(d) Development Economics

1 Answer

+2 votes
by kratos
 
Best answer

(b) The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997 was awarded jointly to Robert C. Merton and Myron *. Scholes “for a new method to determine the value of derivatives”. Besides their valuation method, they have made signficant contibutions to finance economics.

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