Chapter Zero: An Introduction to Finance/Financial Markets (Presentation Slides)
48 Pages Posted: 5 Sep 2017 Last revised: 3 Aug 2020
Date Written: August 28, 2017
Abstract
A trek on Financial Management/Financial Derivatives and Everything Else for BBA/MBA students and Everyone Else. Maps (Syllabus) available from the Travel (Admission) office/SMART System and Everywhere Else.
Or Simply: A trek on Everything for Everyone … Everywhere.
Chapter Zero is for Life. Chapter One onwards from the textbook are for the Exam and to convince others that we know Finance (perhaps, also to convince ourselves that we know Finance, which can be harder at times). Here, there are no right or wrong answers; but for the exams there will be.
An attempt to answer basic yet foundational questions that might arise in the minds of someone, beginning the study of finance, before they can move on to more advanced introductions on this topic.
What is finance? What is the need fulfilled by financial instruments? What is the reason people trade? (and most times, again and again...) Why do we need trading venues? What is an ideal trading venue? What are Bid and Ask prices and why do we have them? How we value financial instruments? Why does this involve Prediction? What are the perils of prediction?
What are the skill sets we need to be successful in business and everything else? What is the most important skill set among all of them?
A look at the cause for the present trend in collecting and analyzing vast amounts of data. What is Finance/Economics? The Nature of Uncertainty; Objectively Subjective; The Circle of Investment; The Miracle of Mathematics; Useful Theories.
Keywords: Finance, Uncertainty, Alice in Wonderland
Suggested Citation: Suggested Citation