The market leading Essentials of Investments, 6e by Bodie, Kane and Marcus is an undergraduate textbook on investment analysis, presenting the practical applications of investment theory to convey insights of practical value. The authors have eliminated unnecessary mathematical detail and concentrate on the intuition and insights that will be useful to practitioners throughout their careers as new ideas and challenges emerge from the financial marketplace.
Scholars in the Marketplace distinguishes between privatisation and commercialisation, two processes that drove the Makerere reform. It argues that whereas privatisation (the entry of privately sponsored students) is compatible with a public university where priorities are publicly set, commercialisation (granting each faculty financial and administrative autonomy for to design a market-responsive curriculum) inevitably leads to market-determined priorities in a public university.
Chapter 1 - Functions and roles of the financial system in the global economy. The opening chapter of Money and Capital Markets presents us with an introduction to the global financial system in which the money and capital markets play central roles. It also highlights the principal institutions that shape the character and functioning of the world’s financial marketplace.
Chapter 3 - The financial information marketplace. In this chapter you will be able to identify the most important sources of information about the money and capital markets and the financial system, discover why the efficient distribution of information within the financial system is so important and what can happen when relevant financial information is not readily available to all market participants. You will understand how any individual or institution active in the financial marketplace can keep track of the prices of financial assets and interest rates.
Chapter 4 - The future of the financial system and the money and capital markets. After completing this chapter, students will be able to explore the economic, demographic, social, and technological forces reshaping the financial system today; to learn about recent trends in the financial system and how they may affect us in the future; to understand how the problems the financial system faces today may affect its future, leading to a new financial marketplace.
Knowledgeable consumers who make informed
choices are essential to an effective and efficient
marketplace. In classical economics, informed consumers
provide the checks and balances that keep
unscrupulous sellers out of the market.
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When stakeholders seek value protection and internal control assurance,
internal audit’s skill sets must reflect best-in-class capabilities in core financial
and compliance auditing. As stakeholder needs evolve, internal audit is often
called upon to do more to create value through operational improvement.
Delivering operational improvement typically requires a portfolio of skill sets
that build on core internal audit competencies to include risk management
and consultative capabilities.
Since the early 1970s, a variety of issues relating to energy supply have disrupted the energy
marketplace. The oil crises of the 1970s, the deregulation of electricity and gas markets, the
ebb and flow of various conflicts in the Middle East, Y2K fears, air-quality concerns, the
recognition of global warming, and California’s recent energy supply woes are just some of
the events and concerns that have affected both consumer perceptions and market prices.
Despite the many perks of renewable energy systems, there are several barriers to market
development. The first and foremost of these barriers is cost. Most small-scale renewable
energy technologies are substantially more expensive on a dollars-per-watt basis than
conventional sources. Part of this cost inequity can be attributed to the array of generous
subsidies for fossil and nuclear power. (These subsidies are so long-standing and well
entrenched in the marketplace that they are hardly considered subsidies any longer.
The United States, however, cannot be a regulatory island among competing nations of the world.
In an international marketplace of multinational corporations, instant transfers of wealth,
lightning fast communications, and globalized trading systems for equities and securities, if U.S.
regulations are anomalous or significantly more “burdensome” than those in other industrialized
nations, business and transactions could migrate toward other markets. Hence, many have
emphasized the need to coordinate regulatory changes among nations.
Chapter 2 - Financial assets, money, financial transactions, and financial institutions. In this chapter, You will see the most important channels through which funds flow from lenders to borrowers and back again within the global system of money and capital markets, you will discover the nature and characteristics of financial assets how they are created and destroyed by decision makers within the financial system, you will explore the critical roles played by money within the financial system and the linkages between money and inflation in the prices of goods and services.
Chapter 5 - The determinants of interest rates: Competing ideas. After studying this chapter you will be able to understand the important roles that interest rates play within the economy, to explore the most important ideas about what determines the level of interest rates and asset prices within the financial system; to identify the key forces that economists believe set market interest rates and asset prices into motion.
Chapter 6 - Measuring and calculating interest rates and financial asset prices. In this chapter you will explore the important relationships between the interest rates on bonds and other financial instruments and their market value or price; you will be introduced to the many different ways lending institutions may calculate the interest rates they charge borrowers for loans; you will be able to determine how interest rates or yields on deposits in banks, credit unions, and other depository institutions are figured.
Chapter 7 - Inflation and deflation, Yield curves, and duration: Impact on interest rates and asset prices. After completing this unit, you should be able to learn what inflation is and how it can impact interest rates and the prices of financial assets; to understand the greater concern today over deflation and how it may affect the economy and financial system; to see how yield curves arise and explore the ideas about what determines the shape of the yield curve;...
Chapter 8 - The risk structure of interest rates: Defaults, prepayments, taxes, and other rate-determining factors. In this chapter, students will be able to see the effects of financial assets’ marketability, liquidity, default risk, call privileges, prepayment risk, convertibility and taxability upon their interest rates and prices; to understand why there are so many different interest rates within the global economy; to learn how the “structure of interest rates” is built and why it changes constantly.
Chapter 9 - Interest rate forecasting & hedging: Swaps, financial futures, & options. This chapter is devoted to the forecasting (predicting) and hedging (risk protection activities) associated with changing interest rates and changes in the prices of financial assets.
Chapter 10 - Introduction to the money market and the roles played by governments and security dealers. This chapter has presented, first of all, a broad overview of one of the most important components of any financial system, the money market. The chapter then explores the roles played by governments and security dealers in keeping the money market functioning efficiently.
Chapter 14 - The commercial banking industry: Structure, products, and management. In this chapter, you will learn to understand how important commercial banks are to the functioning of a modern economy and financial system; to explore the structure of the united states’ banking industry; to learn about bank financial statements and how to read them; to see how banks create and destroy money and credit, and why this activity is vital.
Chapter 17 - Regulation of the financial institutions’ sector. After completing this chapter, students will be able: to explore why financial institutions are one of the most regulated industries in the modern world; to discover the many types of regulation, and to understand how the financial institutions have been affected; to understand how regulation has influenced and shaped the structure of financial-services industries.