A true introduction to the field of finance, with a broader scope and greater emphasis on general principles than the existing introductory texts. The authors build their presentation upon the three "pillars" of finance-optimization over time, asset valuation, and risk management (including portfolio theory). The text shows how these basic laws and principles of finance apply across international borders. Also appropriate for courses in Financial Economics. PHLIP supported. FinCoach CD can be packaged free.
I. FINANCE AND THE FINANCIAL SYSTEM.1. What is Finance?
II. TIME AND RESOURCE ALLOCATION.4. The Time Value of Money.
III. VALUATION.7. Principles of Asset Valuation.
IV. RISK MANAGEMENT AND PORTFOLIO THEORY.10. An Overview of Risk Management.
V. THE PRICING OF DERIVATIVES AND CONTINGENT CLAIMS.14. Futures Prices.
VI. TOPICS IN CORPORATE FINANCIAL MANAGEMENT.17. Capital Budgeting Extensions.