Introduction to Finance: Markets, Investments, and Financial Management, Fourteenth Edition

PREFACE

The fourteenth edition of Introduction to Finance: Markets, Investments, and Financial Management builds upon the successes of its earlier editions while maintaining a fresh and up-to-date coverage of the field of finance. Our text is designed to present a more "balanced" first course in finance—one that offers students perspectives on financial markets, investing, and financial management. After making some changes to the previous edition, on the basis of user feedback we have returned to the highly successful pedagogy that reviews markets and institutions, then the world of investments, and, finally, the concepts and applications of business financial management.

A movement has been growing to offer a more balanced first course in finance. Previous editions were developed for such an "overview" first course, and this new edition continues in that vein. Eighteen chapters cover the three major financial areas involving the financial system, investments, and business finance. For the student who does not plan to take additional courses in finance, the book provides a valuable overview of the major concepts of the discipline. For the student who wants to take additional courses in finance, the overview presented provides a solid foundation upon which future courses can build.

Introduction to Finance is meant to be used in a course whose purpose is to survey the foundations of the finance discipline. As such, it is designed to meet the needs of students in a variety of programs. ...