| Price Comparisons: Rental | | Sorry, the textbook you were looking for is not available as Rental, at any of the stores we searched. | Summaries and Customer Reviews are supplied by Amazon.com | With Bodie/Merton FINANCE, the introductory course becomes the gateway to understanding finance as a scientific discipline based on a set of general principles with a wide range of application. As symbolized by its cover, the text organizes the principles of finance into three analytical "pillars" - optimization over time, asset valuation, and risk management. At the core of each of these pillars are a few basic "laws" and principles that apply across all financial decision-making--from personal decisions about saving, investing, borrowing, and insuring to business decisions about capital budgeting and financing. Moreover, FINANCE adopts a functional orientation to the financial system that permits a truly global perspective from the outset. The principles approach taken by FINANCE contributes to the efficiency of the teaching of finance, both within the introductory course and across the entire program of finance courses offered by a department. It is also more fun to teach than a traditional corporate course because students can relate to more of the topics from their direct needs and because it is easier to relate what they are learning to what they see in the press and elsewhere everyday. At the heart of the efficiency gain is the structure based on principles and the three conceptual pillars of finance that allow a single conceptual development and then its multiple applications to a wide range of otherwise seemingly different financial problems, in corporate finance, in investments, and in personal finance, and in understanding the roles of financial institutions and markets. Similarly, the functional perspective allows an "economy" of knowledge retention for understanding the structure of the financial system that would otherwise require a much more time-consuming description and memorizing of the various institutions used in different times and places to perform these functions. By covering all of this, along with common-to-all-finance analytical principles derived from the conceptual three pillars, in the first course, costly and frustrating-to-the-student repetition of that common material can be eliminated across all subsequent finance courses. | Average Customer Rating: Finance - by Zvi Bodie Great first book on Finance.... Should be required reading for all college grads.
See also his Bodie's book Essentials of Investments. good for first year students there is a few bad review of this book. of course it is not a book for mba students, it is just good if you are in first year at university, easy to understand, and good introduction Good intro for reference and self-study I found this to be a great reference for self-study. As other reviewers have noted the book might not be up to par for graduate studies in accounting or finance but I have found it to be very useful for my business and personal finance. I like that the book includes chapters on risk analysis and a multitude of investments. There are plenty of typos as noted but the text is genreally very readable. The math is easy with good explanations. A good book. DO NOT WASTE YOUR MONEY This book is the worst finance book I've come across. I had to resort to a past finance book in order to get through the class that this book was assigned for. It has no mathematical basis for serious students of finance. There are numerous typographical errors. An excerpt, "To give a simple example, consider the choice between alternative A - you get $100 today - and alternative B-you get $95 today. Suppose you had to guess how a stranger, about whose preferences and future expectations you nothing at all, would choose." This is UNIVERSITY LEVEL MATERIAL?!? Do yourself a favor, look somewhere else and do not buy this [book] Thumbs part way up Like others, I too first saw this book in paper. I am now using it to teach a class of law students -- smart kids but mostly without great numeracy. I think it is working okay but (like so many coursebooks?) perhaps not as well as expected. One problem is indeed the typos -- I'm a sloppy writer myself and typos are my incubus, but with all the beta testing and with all the publisher support, you would think they could have done better (indeed, I sent my own list to the publisher back in the beta days -- I got a nice thank you but I don't see my name in the acknowledgments, so I suspect they hit the trash). Aside from that -- the presentation seems mostly clean and straightforward, but quite often too elliptical for my students -- I've felt I had to do a lot of backgrounding. Unlike other reviewers, I quite like the problems -- I think some of them press the envelope a bit, but that is just fine with me, exactly what they should do. I do feel that the authors bring together a remarkable lot of stuff in a compact and orderly manner. In this respect with this book as with so many other coursebooks, perhaps it is the case that the teacher is getting more out of it than the student. | |