Introduction to International Economics
Average customer rating: 2 out of 5 stars
  • Concise, but poor explanations
Introduction to International Economics
Dominick Salvatore
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471202266

Book Description

Introduction to International Trade and Finance is written for a one semester course in international economics found in undergraduate business programs. The author, Dominick Salvatore, is very well known and respected in this segment of the market. He presents the material using a real-world perspective in order to help readers gain a better understanding of critical concepts.

Customer Reviews:

2 out of 5 stars Concise, but poor explanations.......2007-05-02

The concepts presented aren't that difficult; it's just that the descriptions and verbiage used make the explanations and examples difficult to see clearly. In some cases, they're too brief/hand-waving, and in other cases, worked-out examples/problems with numbers would have aided the student in remembering the concepts. In some instances, the key insight or point of clarity isn't discussed long enough to cement it in the mind of the reader. In some cases, cause and effect aren't clear.

Also missing is language that explains why, in real world terms, why the subject is important and directly affects people and decisions.

I honestly believe he's a knowledgeable economist...but this is where MOST professors and authors fail: because they're so advanced, they have never cultivated the ability to pre-digest the information into a form, and at a level of someone who doesn't yet understand and whose mind doesn't yet contain all the mental pictures and years of reinforcement/anchors. I know that in some instances, professors on tight schedules write fast and furious, rather than crafting their sentences, which is absolutely necessary when explaining new information.

The book is pleasantly thin, and all the chapters are filled with relevant information. A bit of focused review of supply and demand concepts would have helped, as well as more photographs. If I had written the book, the captions of the figures would have contained all the explanations, rather than placing them in text paragraphs.
An Introduction to Collective Bargaining & Industrial Relations
Average customer rating: Not rated
    An Introduction to Collective Bargaining & Industrial Relations
    Harry Katz , Thomas A Kochan , and Thomas Kochan
    Manufacturer: McGraw-Hill/Irwin
    ProductGroup: Book
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    5. Employee Training and Development with Powerweb Card 3/e Employee Training and Development with Powerweb Card 3/e

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    Book Description

    Authored by a well-respected team in labor relations, this text covers key topics in industrial relations and collective bargaining using a unique conceptual framework based on the three levels of industrial relations activity (strategic, functional, and workplace). Two extensive, class-tested mock-bargaining exercises are included. International and comparative labor relations are both integrated throughout and receive full chapter treatment. The text extensively discusses recent reorganizations in the process and outcome of bargaining, including detailed treatment of the participatory process.
    World Trade and Payments: An Introduction (9th Edition)
    Average customer rating: 3.5 out of 5 stars
    • Excellent text for open economy macroeconomics
    • The Big Picture Missed
    • The Big Picture Missed
    • Very clear instruction on international trade and finance
    • Thought provoking, intelligent textbook
    World Trade and Payments: An Introduction (9th Edition)
    Richard E. Caves , Jeffrey A. Frankel , and Ronald W. Jones
    Manufacturer: Addison Wesley
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    Binding: Paperback

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    ASIN: 0321089049

    Customer Reviews:

    5 out of 5 stars Excellent text for open economy macroeconomics.......2005-03-29

    We used this book in a one semester graduate class for International Economics. We used the book mostly for open economy macro as opposed to trade theory i.e. Chapter 16 & on. Like our professor told us, the book builds on concepts in a gradual fashion starting from the Marshall-Lerner condition right up to the Dornbusch Overshooting Model covering along the way, the basic Keynesian framework, Mundell-Fleming framework and, the policy assignment problem. The concepts helped us trace the causes for UK's renouncement of the Exchange Rate Mechanism in 1992 (and also how George Soros made his billions!). Using the book in this integrated fashion (Theory + Case Study) makes it a valuable addition to one's library.

    1 out of 5 stars The Big Picture Missed.......2003-10-07

    Currently I am a student of Professor Jones, one of the text's authors. The text is as drawling and insufficient as Jones' lectures. My first complaint is that there is a crisis of definition. Having only taken one economics course prior, I find that the text tends to move too quickly through topics of international economics, failing to provide illustrative examples so one can better understand how theory is put into practice. Second, the conceptual framework, as in all classical economic theory, is rooted in a place far from reality, a point Jones fails to make clear. The world is not perfectly competitive and does not contain countries equipped with fully developed capitalist institutions (like banking and credit), necessary to make internal economic adjustments in the face of free trade prices. I find the utility of the course to be very low, especially when free-trade is non-existent in the world. Discussions on the state of the contemporary world are sorely needed, if at least to serve as as comparison to the theoretical one constructed by this text. My last complaint is Jones' characterization of "anti-globalizers," those who he claimed "rioted" and were "violent" on the streets of Seatle in 1999 during the meeting of the WTO. The irony is that many of those protesters were advocating for FREER trade, pointing out that US farm subsidies cripple the economies of some underdeveloped nations who primarily produce agricultural commodities. The text's mypopic view of economics will not help those interested in learning how the world economy actually operates.

    1 out of 5 stars The Big Picture Missed.......2003-10-07

    Currently I am a student of Professor Jones, one of the text's authors. The text is as drawling and insufficient as Jones' lectures. My first complaint is that there is a crisis of definition. Having only taken one economics course prior, I find that the text tends to move too quickly through topics of international economics, failing to provide illustrative examples so one can better understand how theory is put into practice. Second, the conceptual framework, as in all classical economic theory, is rooted in a place far from reality, a point Jones fails to make clear. The world is not perfectly competitive and does not contain countries equipped with fully developed capitalist institutions (like banking and credit), necessary to make internal economic adjustments in the face of free trade prices. I find the utility of the course to be very low, especially when free-trade is non-existent in the world. Discussions on the state of the contemporary world are sorely needed, if at least to serve as as comparison to the theoretical one constructed by this text. My last complaint is Jones' characterization of "anti-globalizers," those who he claimed "rioted" and were "violent" on the streets of Seatle in 1999 during the meeting of the WTO. The irony is that many of those protesters were advocating for FREER trade, pointing out that US farm subsidies cripple the economies of some underdeveloped nations who primarily produce agricultural commodities. The text's mypopic view of economics will not help those interested in learning how the world economy actually operates.

    5 out of 5 stars Very clear instruction on international trade and finance.......2003-02-17

    I found this book to be a very good learning tool, as the course reader for an introductory international economics course. I find that most textbooks are good as reference, not as learning tools, but this book is an exception. In a very concise manner, it builds theory upon theory of international trade, until the student has developed a strong set of analysis tools. The portion on international finance is good intro as well, even though it does not compare with more specialized texts. This text is sufficient to prepare the reader for any advanced trade issues, with the exception of more mathematically based arguments (which the book does not develop, given its focus on beginners).

    5 out of 5 stars Thought provoking, intelligent textbook.......2001-01-15

    This textbook for International Economics is a rarity. It's intelligent, exceptionally well written by the experts in the field. It does include a thorough review of the state-of-the-art theory of international trade and finance. To facilitate learning and yet challenge the reader, the authors equipped each chapter with really tough exercises. Only having solved them one might have an impression that he grasped the metarial really well. Good exercises are an indispensable companion of a student. Here we have one of the best I have ever seen. And I have seen a lot. Superior to other textbooks and highly recommended.
    The Gaming Industry: Introduction and Perspectives
    Average customer rating: 5 out of 5 stars
    • Fantastic Book
    The Gaming Industry: Introduction and Perspectives
    Univ. of Nevada, Las Vegas, William F. Harrah College of Hotel Administration" "International Gaming Institute
    Manufacturer: Wiley
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    ASIN: 0471129275

    Book Description

    An authoritative introduction to the world of professional gaming and casino management, from the authorities on the subject, the faculty of the UNLV International Gaming Institute: Vincent H. Eade, Director David J. Christianson, Dean William F. Harrah College of Hotel Administration

    Contributing faculty members: Frank D. Borsenik Leslie E. Cummings Robert J. Martin John T. Bowen Bernhardt Fried Andrew Nazarechuk Pearl Brewer Zheng Gu John M. Stefanelli Anthony N. Cabot Jim Kilby

    This is the book for anyone interested in pursuing or advancing a career in the gaming or casino industry, the ideal reference for hospitality students as well as professionals. Completely up-to-date and reflecting current academic and technological trends in the field, as well as the legislative developments permitting gambling casinos in almost every state, The Gaming Industry:

    Customer Reviews:

    5 out of 5 stars Fantastic Book.......2005-06-14

    I read this book, along with "Casino Operations Management" by Kilby, Fox, and Lucas. Both books were EXTREMELY helpful. They both start by assuming you know nothing about the gaming industry. They then show you the history and the evolution of the industry and then take you under the covers to show you the hows and whys of casino management and its decisions. I would HIGHLY recommend both books to anyone looking to gain insight into this fascinating industry.
    Introduction to International Political Economy (3rd Edition)
    Average customer rating: 5 out of 5 stars
    • Understanding the way things work.
    • Dr. Wayne K. Maynard, LaGrange College
    Introduction to International Political Economy (3rd Edition)
    David N. Balaam , and Michael Veseth
    Manufacturer: Prentice Hall
    ProductGroup: Book
    Binding: Paperback

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    ASIN: 0131895095

    Book Description

    This book allows readers unfamiliar with the international political economy to go from 0 to 60 mph: it is a comprehensive yet reader-friendly exploration of the theoretical perspectives of IPE, an investigation of security, trade, finance, and knowledge, and a discussion of current global issues. Sound organization and a wealth of current and historical examples and case studies allow readers to develop an understanding and an appreciation of the relevance of IPE in their daily lives. With much broader coverage than any other book of its kind on the market, Introduction to International Political Economy discusses the historical aspects of the subject; international finance; the global security structure; knowledge and technology; state-market tensions; North and South; the human connection; transnational corporations; and global problems. An excellent read and reference resource for anyone interested or involved in politics, international relations, and economics.

    Customer Reviews:

    5 out of 5 stars Understanding the way things work........2002-06-18

    I read this book during my course of IPE while studying an MBA. These book will really help students, financial advisors, CEO's, politicians and everyone involved in International Management to make better analysis and take better decisions. Some time people believes in a conspiracy and take events like a isolated things, the fact is that everything is related and the three major perspectives of the world are in constant conflict everyday. ¿The three major perspectives? Yes: The liberals and the free trade perspective, the nationalists and the structuralism or modern socialist. It also covers the green perspective (oriented to take care of the environment) . Balaam makes a very clear analysis and he doesn't take sides so you will understand the way thinks happen and the media and politicians will not cheat on you to push you to "take sides on poll's". Enjoy.

    5 out of 5 stars Dr. Wayne K. Maynard, LaGrange College.......2000-07-27

    Unfortunately for those of us who teach International Political Economy to undergraduates on a regular basis, most text books on the subject are either better suited to a graduate-level course, or are still mired in the past. I am grateful to David Balaam and Michael Veseth for providing a fresh, up to date, approach. I particularly like the fact that they cover basic theory as well as the modern structures of the international system. Perhaps most important to me (because I expect my students to acutally read their text) is that their book can not only be understood by undergrads, it is far less likely to be used as a sleep aid that any of its competitors.
    New Ideas from Dead Economists: An Introduction to Modern Economic Thought
    Average customer rating: 4 out of 5 stars
    • Much humor from a "dismal scientist"
    • Best book on economics I've ever read
    • A Mixed Bag
    • Great Title -- Trivial Contents
    • A pretty good introduction to economic theory
    New Ideas from Dead Economists: An Introduction to Modern Economic Thought
    Todd G. Buchholz
    Manufacturer: Plume
    ProductGroup: Book
    Binding: Paperback

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    Amazon.com

    Over 150 years ago, Scottish essayist Thomas Carlyle dubbed economics the "dismal science." But it certainly doesn't seem that way in the skillful hands of Todd G. Buchholz, author of New Ideas from Dead Economists. In this revised edition of a book first published in 1989, economics is accessible, relevant, and fascinating. It's even fun--for example, when he uses the cast of Gilligan's Island and Henny Youngman jokes to explain complex economic theories. "Why not have the last laugh on Carlyle by using the dead economists themselves to reverse their bad reputations and to teach the lessons they left to us?"

    Buchholz surveys and critiques economic thought from Adam Smith's invisible hand of the 18th century to the depression-fighting ideas of the Keynesians and money-supply concepts of the 20th-century monetarists. He also relates classic economic principles to such modern-day events as the fall of communism, the Asian financial meltdown, and global warming. Buchholz includes plenty of anecdotes about the lives of the great economists: Karl Marx, for instance, was an unkempt slob; David Ricardo, the early-19th-century English politician and economist, was among the rare economists to get rich trading stocks; and Maynard Keynes was so homely his friends called him "Snout." Here's a lively and authoritative read for those interested in the past, present, and future of economics. --Dan Ring

    Book Description

    Featuring brand new sections on the remarkable shifts in the world economy, this economic study is a relevant, entertaining, and fascinating guide for those seeking both a solid lesson on the development of economic theory throughout the past two hundred years and a balanced perspective of our current economic state on the brink of the millennium. By applying age-old economic theories to contemporary issues, Todd Buchholz helps readers to see how the thoughts and writings of the great economists of the past have vital relevance to the dilemmas affecting all our lives today.

    Customer Reviews:

    4 out of 5 stars Much humor from a "dismal scientist".......2007-08-26

    Luckily, economics got that "dismal science" label a long time ago, because this book is quite the opposite. Written in both lively style and learned content, the reader will want to go through each chapter wondering "who's next on the chopping block?" And who would have expected to find this gem in a normally dry-sounding field (economics), or a self-serving field (biography). Lest anyone be turned off by the relatively un-recent publication date (1989), the author has updates covering fairly recent events.

    This book adds a nice thought just by itself: humor and economists. Marx and laughter. Adam Smith and mirth, etcetera. The story covers the really big names in the field in chronological order, and you just know that each personality coming up will get the same fair treatment: a description of the old economists' philosophies and systems, the good parts, the bad parts, the dumb parts, and what they said about each other. At the end, just as we figure out what the author REALLY thinks is the best economic structure, we find the answer is more along the line, "it depends." How can you not like a work like this!

    Dead economists. Some books are not that good, but have a great title (e.g., "Blink" or "Feel the Fear but Do It Anyway"). Many, many are the other way around, such as "Rise & Fall of the Roman Empire." "Dead Economists" is both. Do read it.

    5 out of 5 stars Best book on economics I've ever read.......2007-05-21

    I try to buy all of my books on Amazon due to the low prices, but this is one book that I picked up at a local chain and just couldn't put down. All of the truly great economic thinkers are profiled in depth here; their lives and their ideas. The interesting thing is that the ideas of Adam Smith, David Ricardo, and John Stuart Mill are timeless - they still pan out to this day - whereas the "ideas" of moribund "thinkers" like the cultists von Mises, Rand, and Rothbard were outdated before they were conceived. But it's not just classical economists who are profiled here - Malthus, Keynes, and even Marx are given a fair shake - and to be truthful, each and every one of them (Marx included) has an interesting perspective that you will be smarter for having considered (and in his case, hopefully rejected). All in all, I highly recommend this book for anyone who believes in true capitalism, not the anarchist utopianism of the Libertarian Party or the corporate cronyism of the modern GOP. The new mantra should be, "What would Adam Smith do?"

    3 out of 5 stars A Mixed Bag.......2006-12-06

    This books generally delivers what it promises, a review of major thoughts from economists evaluated (somewhat) in a modern context. If that's what you are looking for, it's probably worth reading. However I had three problems with the book. First, he says some incredibly, bizarrely wrong things (quantum mechanics is not a hard science, the internet was invented by private industry, California may float away into the ocean). Even though they are topics outside of economics, they made me generally suspicious of his knowledge. Second, from some of his comments it is clear his writing has a political/philosophical bias but he never comes out and states what it is. Since I'm not an economist (after all, that's why I'm reading this book), it seems impossible to figure out what his bias is and how to correct for it. Third, perhaps a minor point, but he keeps drifting slightly off-topic in order to include a cute saying or clever remark. I mostly found this annoying, but other readers might find it helps keep the book light and fun.

    1 out of 5 stars Great Title -- Trivial Contents.......2006-11-23

    When I first saw this book, I thought this sounds really interesting. It is, if you like to read trivia about economists, most of whom are dead. There are loose connections made to miscellaneous events in modern times, but the bulk of the book combines jokes that have been around for decades (as dead as the economists) with mini-biographies more suited to a fan magazine, focusing on John Stuart Mill's dysfunctional childhood, John Maynard Keynes' marriage to a ballerina, John Kenneth Galbraith's height, Thorstein Veblen's odd mode of dress and his lecture on cannibalism, and similar delicacies.

    My impression is that the author found no use for this information when he was studying economics, but hated to throw out his boxes of notes. So he came up with a great, if dishonest, title and packaged the miscellany for sale. If you have no real interest in economics, but love gossip columns and want to sound like you know something about famous economists, this is the book for you.

    4 out of 5 stars A pretty good introduction to economic theory.......2006-09-15

    This book would make an excellent pre-100 level textbook for students interested in economics. Buchholz covers all major economic theories and their proponents from Adam Smith's Invisible Hand to the most currently vocal Rational Expectations theory. The detail never gets so deep as to actually present charts and diagrams, but is solid enough that the reader comes away with a general understanding of each theory.

    The book suffers a little in the beginning as Buchholz seems uncomfortable simply presenting the dry facts and ends up regaling the reader with anecdotes and economist in-jokes that may play in the classroom but fall flat in textual form.

    Buchholz really hits his stride when he starts talking about Keynes, though. Perhaps it is the benefit of having multiple economic theories at odds with each other by the early 20th century that make writing about it so easy. Whatever the case, his coverage from Keynes to the modern day is exceptionally well done. Focusing less on the character of the men and more on the value of their theories, Buchholz clearly describes Keynesian, Monetary, and Rational economic theories. He proceeds to play them off each other to the delight of the reader. Where the first part of the book failed to be dynamic, the latter half is exceedingly entertaining and informative.

    The problem is that I'm not interested to know that Smith was a klutz or that Malthus was well-polished. Those things are only used by Buchholz to bring life to these dead economists. He could have brought them more to life with more focus on what keeps them alive than the things buried with them.

    I recommend this book to anyone with an interest in getting an overview of economic thought. It will introduce you to just about all the important economic theories that have made an impact as well as the latest 'cutting edge' theories that present alternatives to the existing body of work. I hope to find a book that can replicate Buchholz's success with the modern era theories for those economists that I feel he short-shrifted in this one.
    International Business: An Introduction
    Average customer rating: Not rated
      International Business: An Introduction
      Margaret Woods
      Manufacturer: Palgrave Macmillan
      ProductGroup: Book
      Binding: Paperback

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      ASIN: 0333759796

      Book Description

      This book is designed for a first course in international business, either aspart of a general business and management degree, or for post-experience courses. Each chapter is self-contained and can be used as class reading in preparation for a lecture. The case studies at the end of each chapter provide tutorial material and are accompanied by discussion questions. It is written in an accessible style which is intended to help students learn by means of practical examples and is an easy-to-use text for self-tuition.
      An Introduction to Geographical Economics
      Average customer rating: 5 out of 5 stars
      • A++. Will definitely do business with again.
      An Introduction to Geographical Economics
      Steven Brakman , Harry Garretsen , and Charles van Marrewijk
      Manufacturer: Cambridge University Press
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      Book Description

      The need for better understanding of the role location plays in economic life was first and most famously made explicit by Bertil Ohlin in 1933. However it is only recently, with the development of computer packages able to handle complex systems, as well as advances in economic theory, that Ohlin's vision has been met and a framework developed which explains the distribution of economic activity across space. This book is an integrated, non-mathematical, first-principles textbook presenting Geographical Economics to advanced students. Its emphasis is on examples, diagrams, and empirical evidence, making it the ideal starting point prior to monographic and journal material.

      Download Description

      The need for better understanding of the role location plays in economic life was first and most famously made explicit by Bertil Ohlin in 1933. However it is only recently, with the development of computer packages able to handle complex systems, as well as advances in economic theory, that Ohlin's vision has been met and a framework developed which explains the distribution of economic activity across space. This book is an integrated, non-mathematical, first-principles textbook presenting Geographical Economics to advanced students. Its emphasis is on examples, diagrams, and empirical evidence, making it the ideal starting point prior to monographic and journal material.

      Customer Reviews:

      5 out of 5 stars A++. Will definitely do business with again. .......2007-02-12

      A++. Will definitely do business with again.
      An Introduction to Islamic Finance (ARAB AND ISLAMIC LAWS SERIES Volume 20) (Arab and Islamic Laws Series)
      Average customer rating: 3.5 out of 5 stars
      • Overpriced.
      • The book is not expensive, you're just in the wrong store!
      • Too expensive!
      An Introduction to Islamic Finance (ARAB AND ISLAMIC LAWS SERIES Volume 20) (Arab and Islamic Laws Series)
      Muhammad Usmani
      Manufacturer: Springer
      ProductGroup: Book
      Binding: Hardcover

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      Similar Items:
      1. Critical Issues on Islamic Banking and Financial Markets: Islamic Economics, Banking and Finance, Investments, Takaful and Financial Planning Critical Issues on Islamic Banking and Financial Markets: Islamic Economics, Banking and Finance, Investments, Takaful and Financial Planning
      2. Islamic Finance in the Global Economy Islamic Finance in the Global Economy

      ASIN: 9041116192

      Book Description

      Although the principles of Shari'ah require banks and financial institutions to be structured on an interest-free basis, this does not mean that such institutions are charitable concerns. As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along with their specialized modern variants murabahah, ijarah, salam, and istisna'. This invaluable guide to Islamic finance clearly delineates the all-important distinctions between Islamic practices and conventional procedures based on interest. Justice Usmani of Pakistan, who chairs several Shari'ah supervisory boards for Islamic banks, clearly explains the various modes of financing used by Islamic banks and non-banking financial institutions, emphasizing the necessary requirements for their acceptability from the Shari! 'ah standpoint and the correct method for their application. He deals masterfully with practical problems as they arise in the course of his presentation, and offers possible solutions in each instance.

      Customer Reviews:

      5 out of 5 stars Overpriced........2007-05-03

      I purchased this from an Islamic bookstore for $20AUD. Because this is a specialist text Amazon.com is charging you for the distribution charges of a rare publisher. This is quite a popular text, it should be easy to look up an Islamic bookstore in the phone directory and buy it.

      5 out of 5 stars The book is not expensive, you're just in the wrong store!.......2003-11-29

      If you want this book and any other by Muhammad Taqi Usmani, go to www.albalagh.net/bookstore and you can find it for around 10 bucks if not less! Good luck.

      1 out of 5 stars Too expensive!.......2003-01-28

      I would give this book 5 starts, becausae it is written by such a well-known and eminient Islamic scholar. However, the price is such a deterrant, no-one but financial institutions will read it. This is a complaint against many Islamic authors - they rip you off with the extortionate prices of their books. What happend to the Quranic injunction to spread knowledge??
      An Introduction to Global Financial Markets: Fifth Edition
      Average customer rating: 4.5 out of 5 stars
      • Quality book - great summary
      • Apparently this book rocks.
      • Truly introductory
      An Introduction to Global Financial Markets: Fifth Edition
      Stephen Valdez
      Manufacturer: Palgrave Macmillan
      ProductGroup: Book
      Binding: Paperback

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      Similar Items:
      1. Globalization for Development: Trade, Finance, Aid, Migration and Policy Globalization for Development: Trade, Finance, Aid, Migration and Policy
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      3. International Banking: Text and Cases (Textbooks in Electrical and Electronic Engineering) International Banking: Text and Cases (Textbooks in Electrical and Electronic Engineering)
      4. You Don't Always Get What You Pay for: The Economics of Privatization (Century Foundation Books (Cornell Paperback)) You Don't Always Get What You Pay for: The Economics of Privatization (Century Foundation Books (Cornell Paperback))
      5. Guide to Financial Markets (Economist (Hardcover)) Guide to Financial Markets (Economist (Hardcover))

      ASIN: 0230006353
      Release Date: 2007-02-06

      Book Description

      This book offers a broad and balanced introduction to financial markets across the world, describing the various financial sectors in clear, easy to understand terms. The book provides comprehensive coverage of commercial and investment banking, foreign exchange, money and bond markets, trade finance, stock markets, options, futures, and other derivatives products--making it the ideal primer for those who require a basic understanding of, or who are new to, the world of finance.

      Customer Reviews:

      4 out of 5 stars Quality book - great summary.......2006-01-09

      This book gives a good summary of several important concepts related to the financial markets. It is a truly introductory level book but it is highly recommended if you are looking for a complete overview to fill up the gaps in your basic knowledge. Highly readable, even for people without a formal background in economoy but with a basic practical knowledge of the financial markets.
      One negative point concerns paragraphs where the history of certain concepts is described or where practical examples are given, applying to different countries in the world : these are often too elaborated without any clear added value.
      This book is also recommended by 'The Economist' magazine.

      5 out of 5 stars Apparently this book rocks........2004-02-21

      When an engineering student completely unfamiliar with economics can use this book to prepare a comprehensive collection of lectures for a large group of Ph.D.-level students in Beijing during the transcontinental flight, it is obvious that this book is extremely capable of teaching. Read the news article:

      http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2004/02/19/nchina19.xml&sSheet=/news/2004/02/19/ixnewstop.html

      However, that makes you question the complexity of the profession and the necessity of the professors teaching it, because if someone can effectively become an expert one a plane trip, it can't be that complicated. That, or Mr. Valdez is a genius who knows how to take something enormously complex and transform it into something incredibly simple.

      4 out of 5 stars Truly introductory.......2003-10-01

      Although the book by Valdez is truly introductory it does give a good overview of financial markets. It is a pity that Black and Scholes' model or binomial trees are mentioned as too difficult. Different option strategies are mentioned but not explained. One or two graphs would have made it a lot clearer, but as the writer indicates on several occasions, that is outside the scope of this book. For a more thorough understanding of financial markets this book is a good introduction but not enough to really get a good idea.

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