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(as of Mar 28, 2025 11:26:12 UTC – Details)
Written by two of the most distinguished finance scholars in the industry, this introductory textbook on derivatives and risk management is highly accessible in terms of the concepts as well as the mathematics.
With its economics perspective, this rewritten and streamlined second edition textbook, is closely connected to real markets, and:
Shows how macroeconomic forces have shaped the marketsExplains the major derivative pricing models using algebra and introductory calculusShows students how to implement these models using basic statistics and elementary Excel spreadsheet skillsDiscusses the uses of derivatives while warning against their abusesPresents hard-to-teach interest rate derivatives in an intuitive mannerPresents the Heath Jarrow Morton model, which is the most advanced derivatives pricing model, in an accessible manner by presenting it side-by-side with classical option pricing theory Beginning at a level that is comfortable to lower division college students, the book gradually develops the content so that its lessons can be profitably used by business majors, arts, science, and engineering graduates as well as MBAs who would work in the finance industry. Supplementary materials are available to instructors who adopt this textbook for their courses. These include:Solutions Manual with detailed solutions to nearly 500 end-of-chapter questions and problemsPowerPoint slides and a Test Bank for adoptersPRICED! In line with current teaching trends, we have woven spreadsheet applications throughout the text. Our aim is for students to achieve self-sufficiency so that they can generate all the models and graphs in this book via a spreadsheet software, Priced!
Readership: Undergraduate and graduate students of economics, business, arts, science and engineering, and MBAs who would work in the finance industry.
Publisher : World Scientific US; 2nd edition (July 9, 2019)
Language : English
Paperback : 772 pages
ISBN-10 : 194465965X
ISBN-13 : 978-1944659653
Item Weight : 2.9 pounds
Dimensions : 7.75 x 1 x 9.75 inches
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