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Finance by Lucia Staszkiewicz, Piotr Staszkiewicz

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Chapter 1

Introduction to Finance and Financial Markets

Abstract

Finance is a study of how people allocate scare resources over time.

Keywords

finance
financial markets
financial instruments
securities
image

1.1. Finance

Finance is a study of how people allocate scarce resources over time. Time is also a resource.
Finance can be divided into specific areas based on different criteria that are shown in the following table:
Subject SplitTheoretical RootsResearch FocusGeographical FocusProfitability
Public financeFinancial economiesTime series analysisLocal financeProfit-oriented organization finance
Corporate financeFinancial mathematics

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