A quick read. Please do not email me unless you have read the FAQ first.

Slides

Teaching slides used in a UCLA intro course for MFE students in 2017

On-Line Testing

Two Good Choices Now:

syllabus.space: student self-testing, course administration;
accepi: supported, universal, affordable.

NEW MFE Edition

for Masters of Finance or Masters of Data Sciences Programs
with extra programming and data resources
Data Sets: 100 Large Stocks in 2005 100 Large Stocks in 2015

Full Instructor Support

Instructor materials are available only to legitimate instructors for university-registered courses, never to students under any circumstances. If you have the required credentials, please contact ivo.welch@anderson.ucla.edu for access.

Check out the coverage and feature comparison for Berk-Demarzo, Brealy-Myers-Allen, Ross-Westerfield-Jaffe, and Welch, and the instructor preface for some further perspectives and comparisons.

I also posted my 2018 presentation to the FMA why this book is the best there is at here.

Companion

These chapters would be too much for a first corporate finance course (e.g., Int'l, M&A, Governance, Options).

Investments

An old writeup, but still the right way to teach investments. Never fully developed.

Your Own Quizzes

If you have a set of quizzes with multiple choice or numerical answers that you designed yourself and that you would like to be coded into an online platform and that you would be happy to share with other instructors, we will code them for you into syllabus.space.

This website is also available in encrypted https://book.ivo-welch.info form in case you are paranoid.

Please leave a non-anonymous review. (You will have to authenticate with a google account.)

Fourth Edition

FAQ