This week, our Resource List of the Week concentrates on Finance. Before starting, let’s give a definition of the topic.
What is Finance?
According to Investopedia, Finance is…
“…the study of how money is managed and the actual process of acquiring needed funds.”
To better understand the topic, we suggest you read the following titles.
1. Basic Mathematics for Economists – Rosser, M., and Lis, P.
This title covers all the basic areas needed to have an understanding of mathematics and how it is applied in economics and finance. Firstly, it outlines the essentials of arithmetic and algebra;then, it explores more advanced topics such as calculus, comparative statics, dynamic analysis, and matrix algebra. Secondly, the book provides a range of analyses of topics such as savings and pension schemes, as well as asset valuation techniques for bond and share prices;Finally, the title explores the application of integration to concepts in economics and finance.
2. Corporate Finance – Vernimmen,P.,Quiry, P., and Dallocchio, M.
This book shows how to use financial theory to solve practical problems. It is addressed to students of corporate finance, financial analysts and practising corporate financiers. Furthermore, It is split into four sections and covers the basics of corporate finance. Also, it supplies the basic theoretical knowledge that readers will need to value a firm, as well as the major types of financial securities, including equity, debts and options, and financial management. This last entity shows readers how to organise a company’s equity capital, buying and selling companies, M&A, bankruptcy and cash flow management.
3. International Bank Management- Mehta, D., and Fung, H.G.
This title provides a current and integrated coverage of the important topics related to international banking, including foreign exchange markets, derivatives, country risk analysis, asset-liability management, and banking strategies. Furthermore, to explore this topic in detail, the book discusses the issues of risk-return tradeoff, special barriers encountered in international business, and unique features of the banking business.
4. The Economics of Money, Banking and Financial Markets – Matthews, K., Giuliodori, M., and Mishkin, F.S.
This book provides an in-depth overview and comparison of the structures, goals, tools, and strategies of the European Central Bank, the Bank of England and the US Federal Reserve. Firstly, the application of a unified analytical framework makes the theory intuitive for readers, whilst the rich array of current and real-world events keeps them motivated. Secondly, the title is an authoritative, comprehensive, and flexible text, that is easy to integrate into a wide variety of courses and studies.
5. Accounting for Business – Scott, P.
This title is a refreshingly clear introduction to the core accounting topics that all finance students need to master. Firstly, it is designed to help readers learn the key principles of finance and reinforce their understanding. Secondly, as it explores how to apply these accounting concepts to real business decisions, the book is an ideal addition to any finance reading list.