Defining Finance A basic tenet of finance is that the existence of economic organizations (e.g.firms and governments)facilitate the satisfaction of people's consumption preferences Conclude: Allocating resources over time Finance Happened in Financial system Directed by financial theory THE COURSE OF FINANCE 2017 SPRING 14Defining Finance  A basic tenet of finance is that the existence of economic organizations (e.g. firms and governments) facilitate the satisfaction of people’s consumption preferences  Conclude: THE COURSE OF FINANCE 2017 SPRING •14 Finance • Allocating resources over time • Happened in Financial system • Directed by financial theory