“cover” — 2005/5/17 — 13:34 — page 1 — #1

A First Course in Finance

A First Course in Finance – Investments

About The Book
A First Course in Finance
A First Course in Finance is the first tutorial, back-to-basics, conver-
sational, and reasonably short approach to teaching an introductory
finance course. It uses simple, numerical examples to explain all es-
Valuation, Investments , Financing
sential concepts (and formulas) of finance. The text can be used ei-
ther as a standalone course text, or as a complement to a traditional
Finance textbook. Early student responses have been very positive
in both situations.
Although suitable for self-study, this book was developed primarily
to complement classroom teaching, either at the undergraduate or
graduate level. It is geared towards a very dense 1-semester course
or a more relaxed 2-quarter sequence.

About The Author

Ivo Welch is a professor of finance and
economics at Brown University. He
previously held the same position at
UCLA’s Anderson School of Manage-
ment and Yale University’s School of
Management. More information about
the author—and the latest version of
this book—can be found at his website Preview Version 0.6
http://welch.econ.brown.edu/.
May 17, 2005
Ivo Welch
Welch

©Ivo Welch, 2005. All Rights Reserved. To be published by Addison-Wesley-Pearson. Please do not distribute without permission.

Pre-Release Printed Bound MSRP: $20. Free on the WWW.