FINANCIAL ECONOMICS

Forundergraduateandgraduatecoursesincorporatefinance,financialmanagement,andfinancialeconomics.  FinancialEconomicsisanintroductorytextintendedforuseinthefirstfinancecourse. Ithasabroaderscopeandagreateremphasisongeneralprinciplesthanmostotherintroductoryleveltextsinfinance,whichtypicallyfocusexclusivelyoncorporatefinance. Thistextencompassesallthesubfieldsoffinance—corporatefinance,investmentsandfinancialmarketsandinstitutions—coveringthegeneralprinciplestoprovidestudentswithanappreciationofthewholediscipline’ssubjectmatter.   Thisbookseekstoexplainfinancethroughitsfunctionsratherthanitsinstitutions,concentratingonthethreepillarsoffinance:optimizationovertime,assetvaluation,andriskmanagement.