ESCP Europe

Item type

Ebook

Language

English

Publication year

2020

Edition no.

5th ed.

ISBN

978-1-292-43178-9

Note

• 34 user licences on VitalSource + 1 user licence on Proquest

Subjects

CORPORATE FINANCE

Modern theory blended with practice to elevate your financial decision making Using the valuation framework based on the Law of One Price, researchers Jonathan Berk and Peter DeMarzo have set the new canon for corporate finance texts. Corporate Finance: The Core presents streamlined coverage of time-tested principles along with the latest advancements and perspectives of financial managers. Students practice finance to learn finance by solving problems like those faced by todays professionals. The 5th Edition features the latest research, data, events and technologies to help students make sound financial decisions. Hallmark features of this title The Law of One Price is used as a unifying valuation framework to connect theory to practice and unify what might appear to be disparate topics. A simplified presentation of mathematics. Notation boxes, timelines for cash flow problems, and labeled equations help students master the jargon, math, and non-standardized notation. An emphasis on capital budgeting and valuation ensures students understand these important topics. Personal Finance examples let students apply managerial finance concepts, tools and techniques to their own personal finance decisions. Worked examples accompany important concepts and model the solution and process step-by-step. Common Mistakes boxes alert students to frequently made mistakes stemming from misunderstanding core calculations. New and updated features of this title UPDATED: Coverage of recent advances in financial research, data, events and technologies include updates with the Tax Cut and Jobs Act of 2017; fintech, cryptocurrencies, blockchain, and capital budgeting; debt and taxes; and international corporate finance. 6 NEW: Interviews with notable practitioners (Janet Yellen, Susan Athey and Anne Martin), highlight leaders in the field and address the effects of the financial crisis and European sovereign debt crisis. UPDATED: General Interest boxes highlight timely material from financial publications about business problems, real-company practices, and the latest tax rates. UPDATED: Global Financial Crisis boxes examine individuals and companies in crisis around the world and include updated discussion on The Dodd-Frank Acts implementation and relevancy. UPDATED: Concept Check questions let students test their understanding and target areas for further review. UPDATED: Data Cases present in-depth business scenarios with questions to guide students' analysis.

TABLE OF CONTENTS: PART1: INTRODUCTION AND KEY PRINCIPLES 1. Introduction: What Is Economics? 2. The Key Principles of Economics 3. Exchange and Markets 4. Demand, Supply, and Market Equilibrium PART2: THE BASIC CONCEPTS IN MACROECONOMICS 5. Measuring a Nation's Production and Income 6. Unemployment and Inflation PART3: THE ECONOMY IN THE LONG RUN 7. The Economy at Full Employment 8. Why Do Economies Grow? PART4: ECONOMIC FLUCTUATIONS AND FISCAL POLICY 9. Aggregate Demand and Aggregate Supply 10. Fiscal Policy 11. The Income-Expenditure Model 12. Investment and Financial Markets PART5: MONEY, BANKING, AND MONETARY POLICY 13. Money and the Banking System 14. The Federal Reserve and Monetary Policy PART6: INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY 15. Modern Macroeconomics: From the Short Run to the Long Run 16. The Dynamics of Inflation and Unemployment 17. Macroeconomic Policy Debates PART7: THE INTERNATIONAL ECONOMY 18. International Trade and Public Policy 19. The World of International Finance PART8: A CLOSER LOOK AT DEMAND AND SUPPLY 20. Elasticity: A Measure of Responsiveness 21. Market Efficiency and Government Intervention 22. Consumer Choice: Utility Theory and Insights from Behavioral Economics PART9: MARKET STRUCTURES AND PRICING 23. Production Technology and Cost 24. Perfect Competition 25. Monopoly and Price Discrimination 26. Market Entry and Monopolistic Competition 27. Oligopoly and Strategic Behavior 28. Controlling Market Power: Antitrust and Regulation PART10: EXTERNALITIES AND INFORMATION 29. Imperfect Information: Adverse Selection and Moral Hazard 30. Public Goods and Public Choice 31. External Costs and Environmental Policy PART11: THE LABOR MARKET AND INCOME DISTRIBUTION 32. The Labor Market and the Distribution of Income.