Finance

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. A key point in finance is the time value of money, which states that purchasing power of one unit of currency can vary over time. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

Areas of finance

Wall Street, the center of American finance.

Wall Street, the center of American finance.

London Stock Exchange, global center of finance.

London Stock Exchange, global center of finance.

Personal finance

Questions in personal finance revolve around:

The Internationale

"The Internationale" (French: L'Internationale) is a widely-sung Left-wing anthem. It has been one of the most recognizable and popular songs of the socialist movement since the late 19th century, when the Second International (now the Socialist International) adopted it as its official anthem. The title arises from the "First International", an alliance of workers which held a congress in 1864. The author of the anthem's lyrics, Eugène Pottier, attended this congress.

The original French refrain of the song is C'est la lutte finale / Groupons-nous et demain / L'Internationale / Sera le genre humain. (English: "This is the final struggle / Let us group together and tomorrow / The Internationale / Will be the human kind."). "The Internationale" has been translated into many languages.

It is often sung with the left hand raised in a clenched fist salute and is sometimes followed (in English-speaking places) with a chant of "The workers united will never be defeated." The Internationale has been celebrated by Socialists, Communists, Anarchists, Democratic Socialists, and Social Democrats. It was also used by Republicans during the Spanish Civil War.

International finance

International finance (also referred to as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries. International finance examines the dynamics of the global financial system, international monetary systems, balance of payments, exchange rates, foreign direct investment, and how these topics relate to international trade.

Sometimes referred to as multinational finance, international finance is additionally concerned with matters of international financial management. Investors and multinational corporations must assess and manage international risks such as political risk and foreign exchange risk, including transaction exposure, economic exposure, and translation exposure.

Some examples of key concepts within international finance are the Mundell–Fleming model, the optimum currency area theory, purchasing power parity, interest rate parity, and the international Fisher effect. Whereas the study of international trade makes use of mostly microeconomic concepts, international finance research investigates predominantly macroeconomic concepts.

International

International mostly means something (a company, language, or organization) involving more than a single country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries. For example, international law, which is applied by more than one country and usually everywhere on Earth, and international language which is a language spoken by residents of more than one country.

Origin of the word

The term international was coined by the utilitarian philosopher Jeremy Bentham in his Introduction to Principles of Morals and Legislation, which was printed for publication in 1780 and published in 1789. Bentham wrote: "The word international, it must be acknowledged, is a new one; though, it is hoped, sufficiently analogous and intelligible. It is calculated to express, in a more significant way, the branch of law which goes commonly under the name of the law of nations. The word was adopted in French in 1801.Thomas Erskine Holland noted in his article on Bentham in the 11th edition of the Encyclopedia Britannica that "Many of Bentham's phrases, such as 'international,' 'utilitarian,' 'codification,' are valuable additions to our language; but the majority of them, especially those of Greek derivation, have taken no root in it."

Business administration

Business administration is the process of managing a business or non-profit organization, so that it remains stable and continues to grow.

The administration of a business includes the performance or management of business operations and decision making, as well as the efficient organization of people and other resources, to direct activities toward common goals and objectives.

In general, administration refers to the broader management function, including the associated finance, personnel and MIS services.