Fifteen Eighty Four

Zvi Bodie, Robert C. Merton, & Richard T. Thakor

Publishing 12 February 2025 | Paperback / $74.99 / £54.99 / 9781108987165

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About the Book

Written for the MBA or undergraduate first course in finance, as well as follow-on courses, Principles of Finance provides a clear, accessible, and thorough explanation of the principles of finance; how they connect to real-world practice and how they are used to solve problems. Structured around ten unifying principles representing the core tenets of the science, this book imparts basic financial concepts irrespective of the institutional framework, ensuring that students learn about finance in a way that is applicable both now and into the future. Pedagogical features include learning objectives and major takeaways, applications in the world of business, numerous worked examples, key equation boxes highlighting the most important financial equations, quick check questions with solutions, key finance terms with a detailed glossary, and more than 380 homework problems. Online resources include a solutions manual, detailed instructor manual to adapt the book to your course, lectures slides and an 800-question test bank for instructors.

Key Features

• Options pricing is presented in the first half of book, positioning the theory as foundational to the study and practice of finance

• While clearly presenting the superior academic knowledge of the authors, the book is highly accessible, engaging and readable, with the first ten chapters assuming no prior finance knowledge

• Explicitly written to avoid excess detail on institutions and markets, and to instead ensure relevance to all institutional and market contexts, both now and into the future

• Financial literacy and the study of finance is presented as fundamental to personal and professional success. Examples of personal and corporate financial scenarios are presented throughout, to engage students with the field

About the authors

Zvi Bodie is Professor Emeritus at Boston University where he was the Norman and Adele Barron Professor of Management. He has served on the finance faculty at the Harvard Business School (1992–94) and MIT Sloan School of Management (2008-9). Among his many published books and textbooks is the best-selling Investments textbook with Alex Kane and Alan Marcus.

Robert C. Merton is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management and John and Natty McArthur University Professor Emeritus at Harvard University. Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new method to determine the value of derivatives.

Richard T. Thakor is Associate Professor of Finance at the University of Minnesota, Carlson School of Management. He has published numerous academic articles in top economics, management, and finance journals, and has won multiple teaching awards, including being named by Poets and Quants one of the top 50 undergraduate business professors of 2024.