This introductory text for an undergraduate or MBA course on financial markets and institutions has been revised to reflect the ongoing financial crisis and the Obama administration's
responses. It also provides an analytical framework for understanding future changes as the financial system continues to evolve. The text's conversational style avoids complex models and
mathematics. Coverage progresses from financial prices through the international financial system. Some new areas examined in this second edition include subprime mortgages and financial
bubbles, as well as new legislation such as the Mortgage Bailout Plan, and the American Recovery and Reinvestment Act of 2009. Learning features include margin definitions and a glossary,
chapter objectives and summaries, boxes on international and historical issues, and boxes on how to interpret the financial pages of daily newspapers, along with review and analytical
questions. The text can be used for a course in finance or economics departments. Burton teaches economics at California State Polytechnic University. Annotation 穢2010 Book News, Inc.,
Portland, OR (booknews.com)
