As a new analysis tool, the wavelet transform has had a profound impact on almost all disciplines requiring signal analysis of any significance. It provided for the first time a systematic scale‐based analysis, in contrast to filters, a tractable methodology in the temporal/spatial domain. Our goal, here, is to provide an introduction to this tool with an emphasis on gaining a working knowledge for an advanced undergraduate student. We highlight the merits of the tool as well as its limitations, and present it as complementary to the Fourier analysis tool, rather than as a universal panacea.