<p><em><strong>Teaching Students the Logic of Finance:</strong></em> The seventh edition of <em>Financial Management</em> provides students with an overview of financial management suited to a first course in finance.</p><p>The focus of the text is on the big picture, providing an introduction to financial decision making grounded in current financial theory and the current state of world economic conditions. </p><p>The authors believe that students learn better when they learn the intuition behind the complex concepts. <em>Financial Management</em> shows students the reasoning behind financial decisions and connects all of the topics in the book to the <em>Five Key Principles of Finance</em>. </p> Principle 1: Money Has A Time Value<br /> Principle 2: There Is a Risk-Return Trade-off<br /> Principle 3: Cash Flows Are the Source of Value<br /> Principle 4: Market Prices Reflect Information<br /> Principle 5: Individuals Respond to Incentives
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