Higher Education

Financial Markets and Institutions, Abridged Edition, 11th Edition

  • includes Stock-Trak Coupon
  • Jeff Madura Florida Atlantic University
  • ISBN-10: 1305257197  |  ISBN-13: 9781305257191
  • 544 Pages
  • Previous Editions: 2013, 2011, 2009
  • © 2016 | Published
  • College Bookstore Wholesale Price = $214.75

About

Overview

Reflecting the latest developments from the field, best-selling FINANCIAL MARKETS AND INSTITUTIONS: ABRIDGED, 11E helps students understand why financial markets exist, how financial institutions serve these markets, and what services those institutions offer. This succinct paperback emphasizes securities traded by financial institutions and the scope of participation of those entities within each market. It focuses on the management, performance, and regulatory aspects of financial institutions and explores the functions of the Federal Reserve System, the major debt and equity security markets, and derivative security market. Known for its reader-friendly approach, the text combines clear writing and contemporary coverage with hands-on learning applications. "Using THE WALL STREET JOURNAL" pulls timely, relevant examples of chapter concepts in practice straight from recent headlines. In addition, the ongoing Flow of Funds Exercise at the end of each chapter illustrates how a manufacturing company relies on all types of financial markets, institutions, and services. The 11th Edition also includes expanded end-of-chapter questions and applications to help students apply what they've learned. Each new copy of this edition includes a discount for Stock-Trak Global Portfolio Simulations Gold Service, the online trading simulation created specifically for classrooms that enables students to buy and sell stocks, bonds, mutual funds, options, future options, and more using hypothetical brokerage accounts.

Features and Benefits

  • Expanded Questions and Applications Provide Timely Review. More comprehensive Questions and Applications at the end of each chapter offer engaging, hands-on exercises to help your students review and apply what they've learned about concepts from the text. Two to three new problems have been added to most chapters.
  • Connection with Global Markets. "Global Aspects" call-outs spotlight the interconnectedness of the U.S. and global financial markets.
  • "Online Articles" Encourage Financially Related Internet Research. An online research assignment at the end of each chapter prompts students to practice their Internet research skills as well as connect the content to timely financial activities.
  • Updates Throughout Reflect the Most Recent Financial Trends. The most current content available prepares your students to deal with emerging financial changes and developments in today's ever-changing financial industry.
  • Clear Learning Objectives and Key Concepts Guide Student Reading and Study. Learning objectives and key concepts at the beginning of each chapter point students to the most important topics as well as serve as an excellent review for exams.
  • Timely, Relevant Examples Reinforce Chapter Concepts. Memorable examples throughout reinforce key concepts and show students the practical application and importance of the material they are learning.
  • Ongoing Flow of Funds Exercise Illustrates Practical Application of Financial Markets and Services. The running Flow of Funds Exercise at the end of each chapter clearly illustrates how a manufacturing company relies on all types of financial markets, institutions, and services. Special accompanying Excel® exercises highlight spreadsheet applications related to key topics, such as yield curves, risk premiums, and stock volatility.

Table of Contents

Part I: OVERVIEW OF THE FINANCIAL ENVIRONMENT.
1. Role of Financial Markets and Institutions.
2. Determination of Interest Rates.
3. Structure of Interest Rates.
Part II: THE FED AND MONETARY POLICY.
4. Functions of the Fed.
5. Monetary Policy.
Part III: DEBT SECURITY MARKETS.
6. Money Markets.
7. Bond Markets.
8. Bond Valuation and Risk.
9. Mortgage Markets.
Part IV: EQUITY MARKETS.
10. Stock Offerings and Investor Monitoring.
11. Stock Valuation and Risk.
12. Market Microstructure and Strategies (Web chapter).
Part V: DERIVATIVE SECURITY MARKETS.
13. Financial Futures Markets (Web chapter).
14. Options Markets.
15. Swap Markets (Web chapter).
16. Foreign Exchange Derivative Markets (Web chapter).
Part VI: COMMERCIAL BANKING.
17. Commercial Bank Operations.
18. Bank Regulation.
19. Bank Management.
20. Bank Performance (Web chapter).
Part VII: NONBANK OPERATIONS.
21. Thrift Operations (Web chapter).
22. Finance Company Operations (Web chapter).
23. Mutual Fund Operations.
24. Securities Operations (Web chapter).
25. Insurance and Pension Fund Operations.
Appendix A: Comprehensive Project.
Appendix B: Using Excel to Conduct Analyses.
Glossary.
Index.

What's New

  • Significant Revisions and Updates. Completely revised and up to date, FINANCIAL MARKETS AND INSTITUTIONS: ABRIDGED, 11E reflects the latest developments from the field. Among the most significant revisions are Chapter 4: Functions of the Fed, Chapter 5: Monetary Policy, Chapter 7: Bond Markets, Chapter 10: Stock Offerings and Investor Monitoring, Chapter 18: Bank Regulation, and Chapter 20: Bank Performance.
  • "USING THE WALL STREET JOURNAL" Feature Connects Key Topics to Contemporary News Coverage. Integrating real-world examples straight from recent headlines, the text includes news stories from THE WALL STREET JOURNAL--the leader in business and financial news and analysis. Demonstrating chapter concepts in action, the news stories complement and reinforce what students learn about key topics throughout the text and in class. New "Using THE WALL STREET JOURNAL" features are in chapters 3, 7, 10, 11, 12, 13, 16, and 23.
  • Expanded Questions and Applications Provide Timely Review. More comprehensive Questions and Applications at the end of each chapter offer engaging, hands-on exercises to help your students review and apply what they've learned about concepts from the text. Two to three new problems have been added to most chapters.

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1285978757 | ISBN-13: 9781285978758)

Accessible from the instructor companion site, Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want. The Cognero Test Bank content is tagged according to Tier I (Business Program Interdisciplinary Learning Outcomes) and Tier II (Finance-specific) standards, topic, Bloom's Taxonomy, and difficulty level.

Website  (ISBN-10: 130540274X | ISBN-13: 9781305402744)

Put all the instruction tools you need at your fingertips. The website includes Microsoft® Word versions of the Instructor Manual and Test Bank, PowerPoint lecture slides, and access to the Cognero Test Bank. Additionally, students can find the Web chapters, appendices, or integrated problems posted as free materials on the Web site for this edition.

Meet the Author

Author Bio

Jeff Madura

Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr Madura has served as a consultant for international banks, securities firms and other multinational corporations. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his BS and MA from Northern Illinois University and his DBA from Florida State University.