This book covers the fundamental topics in mathematics, statistics, and production management that are required for a thorough but accessible study of financial markets. Written for students, the book also appeals to practitioners who need a handy reference. Tempered by real-life cases and actual market structures, and comprehensive in coverage, the author accentuates theory through quantitative modeling when and where necessary. Much of the discussion is presented within a concrete institutional setting. Focus is on the lessons learned from timely subject matter such as the impact of the recent subprime mortgage storm and the harsh criticism on risk management and innovative finance. The aim is to offer a balanced and broad view of the state of the art in financial decision making. The goal of the book is to give the reader all the background and modeling tools that he or she will need in order to make and "honest money and " and, in the process, to become a sound professional.