Finance - Hardcover

Zvi; Merton Robert C Bodie; Robert C. Merton

Hardcover

ISBN 10: 013310897X ISBN 13: 9780133108972

Publisher: Prentice Hall., 1999

Synopsis

With Bodie/Merton FINANCE, the introductory course becomes the gateway to understanding finance as a scientific discipline based on a set of general principles with a wide range of application. As symbolized by its cover, the text organizes the principles of finance into three analytical "pillars" - optimization over time, asset valuation, and risk management. At the core of each of these pillars are a few basic "laws" and principles that apply across all financial decision-making--from personal decisions about saving, investing, borrowing, and insuring to business decisions about capital budgeting and financing. Moreover, FINANCE adopts a functional orientation to the financial system that permits a truly global perspective from the outset.

The principles approach taken by FINANCE contributes to the efficiency of the teaching of finance, both within the introductory course and across the entire program of finance courses offered by a department. It is also more fun to teach than a traditional corporate course because students can relate to more of the topics from their direct needs and because it is easier to relate what they are learning to what they see in the press and elsewhere everyday. At the heart of the efficiency gain is the structure based on principles and the three conceptual pillars of finance that allow a single conceptual development and then its multiple applications to a wide range of otherwise seemingly different financial problems, in corporate finance, in investments, and in personal finance, and in understanding the roles of financial institutions and markets. Similarly, the functional perspective allows an "economy" of knowledge retention for understanding the structure of the financial system that would otherwise require a much more time-consuming description and memorizing of the various institutions used in different times and places to perform these functions. By covering all of this, along with common-to-all-finance analytical principles derived from the conceptual three pillars, in the first course, costly and frustrating-to-the-student repetition of that common material can be eliminated across all subsequent finance courses.

About this title

From the Back Cover:

This significant new guide to finance has a broader scope and greater emphasis on general principles than most other books of its kind, which typically focus exclusively on corporate finance. Acclaimed authors Bodie and Merton offer an approach balanced among the three "pillars" of finance—optimization over time, asset valuation, and risk management. Encompasses all subfields of finance within a single unifying conceptual framework. Offers the "big picture" of resource allocation over time under conditions of uncertainty. Focuses on personal finance topics, such as saving and investing, as well as asset valuation. Provides spreadsheet modeling exercises in the accompanying Prentice Hall Finance Center CD. Ideal for executives or for anyone seeking a solid understanding and overview of the field of finance.

About this edition

• Publisher: Prentice Hall.
• Publication date: 1999
• ISBN 10: 013310897X
• ISBN 13: 9780133108972
• Binding: Hardcover
• Number of pages: 479