The Stock Market

Subjects:

• Economics » Economics (General)
• Business » Business (General)
• Economics » Economic Policy
• Business » Finance/Investments/Banking

Awards:

• CHOICE 2007 Outstanding Academic Title

Reviews:

• This succinct book is an excellent reference or introduction to the stock markets. Hafer and Hein use clear, precise writing to explain such fundamentals as the difference between initial public offerings (IPOs) and secondary markets, the trade-off between risk and return, the difference between dividends and capital gains, and the importance of diversification. The authors also cover basic investment strategies such as large cap versus small cap and growth versus value, the importance of expectations, and the efficiency of financial markets. One chapter presents a history of the US stock market from 1792 through the present, and another is devoted to foreign stock markets. Hafer and Hein even include brief explanations of derivatives, exchange traded funds, and hedge funds. Readers who know little, if anything, about stock markets will find this concise book a valuable introduction and overview. Highly recommended. Any basic collection on investments and the stock market.
  —Choice June 2007
• One of a seven-volume set intended to promote economic literacy amongst a general readership; this work presents an overview of the history and basic operations of the stock market. Hafer and Hein present chapters describing the development of the US stock market, discussing the role of stocks in the modern economy, examining different types of stock trades and instruments, introducing the topic of regulation, and surveying some foreign stock market developments.
  —Reference & Research Book News February 2007

• Endorsement From José R. de la Torre
  Dean, Alvah H. Chapman Jr. Graduate School of Business
  Florida International University: Economic literacy is an essential condition for our democracy to work. Only an educated public can make sense of the myriad of economic issues that characterize our public debate, ranging from the collapse of private pensions to the impact of outsourcing on our job markets. This series constitutes a significant step towards the achievement of this goal. Written by eminent professionals and experienced practitioners, each of its seven volumes renders complex issues easy to assimilate without sacrificing nuance or controversy. Aimed at the general public, the authors succeed in bringing to everyday life the substance of most important economic agents and forces.