- Hi I'm Jim Stice.
- And I'm Kay Stice we're brothers
and we're both business school professors
at Brigham Young University.
- We've been teaching in business schools
around the world for a combined total of 70 years.
We've taught in the United States,
- Hong Kong. - France.
- Russia. - Singapore.
- Shanghai, Beijing, Kazakhstan.
- And South Africa.
- Now this course is an introduction
to the field of finance.
- As you will learn we are all surrounded by finance.
- Deciding what things to buy and not to buy.
- Getting the money to buy the things
that you've decided that you need.
- And efficiently managing those things once you have them.
- This is finance.
What to buy, where to get the money to buy it,
and how to manage it once you have it.
- As you can imagine finance is important to individuals,
to families, to companies, to governments,
really to all organizations.
- [Jim] As we learn about finance we are going
to look at the financial reports of Walmart.
- [Kay] We're going to see the roller coaster
cash flow pattern of Toys"R"Us.
- [Jim] We'll learn about the secrets
of the capital asset pricing model the CAPM.
- [Kay] We'll talk about trading stocks and bonds.
- [Jim] We'll learn what an investment bank is.
- [Kay] I'll show you the financial analysis
that I did in trying to decide whether
to buy a car when my family lived in Hong Kong.
- [Jim] And we'll end with some basic principles
of personal financial planning.
- We'll use lots of real life illustrations.
We'll talk about Microsoft, and Walmart,
and Facebook because finance exists in the real world.
- So come join us in the study of finance.