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Introduction to Finance: Markets, Investments, and Financial Management, 14th Edition

January 2011, ©2011
Introduction to Finance: Markets, Investments, and Financial Management, 14th Edition (EHEP001754) cover image

Introduction to Finance continues to offer a balanced, survey approach to the principles of finance.  Distinguished authors Melicher and Norton cover the three major financial areas:  institutions and markets, investments, and financial management.   Their effective structure equips instructors with maximum flexibility for how the course is taught, and students with an integrated perspective of the different foundations of finance.  This survey of the basic knowledge, concepts, and terms of the discipline is appropriate for all students.  For those who do not plan to take additional courses in finance, it provides a valuable overview.  For those who want to take additional coursework in finance, it provides a solid foundation for their future studies and careers.
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Table of Contents
Preface iii

PART 1: INSTITUTIONS AND MARKETS 2

Chapter 1: The Financial Environment 4

Chapter 2: Money and the Monetary System 25

Chapter 3: Banks and Other Financial Institutions 49

Chapter 4: Federal Reserve System 79

Chapter 5: Policy Makers and the Money Supply 103

Chapter 6: International Finance and Trade 129

PART 2: INVESTMENTS 156

Chapter 7: Savings and Investment Process 158

Chapter 8: Interest Rates 179

Chapter 9: Time Value of Money 205

Chapter 10: Bonds and Stocks: Characteristics and Valuations 237

Chapter 11: Securities Markets 281

Chapter 12: Financial Return and Risk Concepts 317

PART 3: FINANCIAL MANAGEMENT 350

Chapter 13: Business Organization and Financial Data 352

Chapter 14: Financial Analysis and Long-Term Financial Planning 387

Chapter 15: Managing Working Capital 417

Chapter 16: Short-Term Business Financing 451

Chapter 17: Capital Budgeting Analysis 479

Chapter 18: Capital Structure and the Cost of Capital 521

Appendix 553

Glossary 562

Index 575

New To This Edition
  • New extensive coverage of the 2007-2009 Financial Crisis.
  • New discussion on Money Market Securities.
  • Reorganised Federal Reserve System coverage now included roles of past and current chairs of the Federal Board of Governors.
  • Time Value of Money.  Enhanced coverage includes numerous examples showing how to perform calculations with formulas, interest factor tables, Excel spreadsheets, and step-by-step financial calculator keystrokes.
  • Revised End-of-Chapter problems and illustrations, at least 5 new problems per chapter.

 

Hallmark Features
  • Continued business ethics coverage.  Covers a wide range of situations from clearly illegal unethical behavior (insider trading) to less clear situations.
  • Global Focus.  Covers how monetary systems differ worldwide, how foreign exchange rates work, and what causes them to change.
  • Spreadsheet Illustrations show how to set up spreadsheets to perform basic financial analysis and explains how to use various Excel functions.
  • Career Profile features add a personal, real-world relevance to the material, especially for students considering a finance career.
  • Boxed features.  Includes Small Business Practice, Personal Financial Planning, and Career Opportunities in Finance to illustrate practices in finance.
  • End-of-chapter questions and Concept Checks to quiz students on content.
  • Continuing case study.  Walgreens and the retail drug store industry are used in the Investments and Financial Management chapters as a means of presenting and analysing data.

 

Available Versions

Introduction to Finance: Markets, Investments, and Financial Management, 14th Edition
by Ronald W. Melicher, Edgar A. Norton
ISBN 978-0-470-56107-2
January 2011, ©2011
Hardcover, 624 pages
US $210.95 Add to Cart
E-book
Introduction to Finance: Markets, Investments, and Financial Management, 14th Edition
by Ronald W. Melicher, Edgar A. Norton
ISBN 978-0-470-91365-9
February 2011, ©2011
Wiley E-Text, 624 pages