Top positive review
9 people found this helpful
A solid introduction
on April 13, 2010
I like Financial Economics very much. I assigned several chapters from this book to my EC171 students at Boston University. The introductory chapters about the time value of money and interest and inflation are clear and accessible for our students.
While another review bemoans the lack of formulas in the chapters (I believe the formulas were well explained), I loved that the book went so far as to explain with examples how to use Microsoft Excel's financial functions to perform all necessary calculations. For my students (who are from the arts and sciences, not the school of engineering) clear instructions on using Excel is a more important benefit than more algebra.
In my experience, most introductory finance texts have too much of a corporate finance worldview. Financial Economics is a more balanced toward the needs of individuals making decisions. Without compunction, I recommend this text for introductory finance classes.