- Hardcover: 500 pages
- Publisher: Prentice Hall; 2 edition (February 17, 2008)
- Language: English
- ISBN-10: 0131856154
- ISBN-13: 978-0131856158
- Product Dimensions: 8 x 1 x 10 inches
- Shipping Weight: 2.4 pounds
- Average Customer Review: 3.7 out of 5 stars See all reviews (6 customer reviews)
- Amazon Best Sellers Rank: #424,381 in Books (See Top 100 in Books)
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Financial Economics (2nd Edition) 2nd Edition
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Top Customer Reviews
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.
This book covers the fundamentals in a way that is cohesive, coherent and engagingly constructed. The prose sets the right tone; the math that is used remains in service of the point being made without overshadowing; the short inline anecdotes reinforce the themes and make for an entertaining read. Having taught both undergraduate and graduate courses on investments, I like this book on the strengths of its fundamentals.
The real value of the book, over many other intro books, is the material that goes beyond the compulsory. For example, chapter 5 covers the investment problem at the fundamental level of the choice between saving and consumption; a pet peeve of mine is when investments texts ignore the *purpose* of the portfolio. Chapter 16 covers options in a way that is accessible and correct; again here the math is the servant, but not the master, of the ideas promulgated. Finally, Chapter 17 on real options comprises the last chapter that any course syllabus has as an aspirational goal; well written and informative, students will *want* to read this chapter even if the course ends too soon.
In short, this is a great book to have, read and use.
KEY TOPICS: 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.
MARKET: Ideal for executives or for anyone seeking a solid understanding and overview of the field of finance.
Most Recent Customer Reviews
I'm beginning my course in financial economics, I've just started with this book. The quality is terrible. Read morePublished 22 months ago by Jeremy
I am amused by the professors who rate this book so highly; have you ever followed up with those to whom you recommended the book? Read morePublished on January 7, 2011 by Amazon Customer