|
商学院 reading list For the Financial Markets course, familiarity with the 'jargon' of finance ahead of time will make the course much more accessible. For those who have not studied much finance and investment to date, we recommend you read Investment Management by Stephen Lofthouse, published by Wiley. This gives both a practical and theoretical perspective on the subject, and is very readable. The approximate cost of this book is £27.50. For those who want to read a more technical book, looking through Bodie, Kane and Marcus, Investments or Sharpe, Alexander and Bailey, Investments will be worthwhile. You do not need to read all 1,000 pages, just become familiar with the basic concepts, summaries and glossary. Any of these three books is acceptable as a course textbook, so it's worth buying one ahead of time. For those who wish to strengthen their Investment Mathematics and statistics knowledge ahead of arrival, we recommend you buy one of the course books ahead of time. It is Investment Mathematics, by Adams, Booth, Bowie and Freeth, published by Wiley. This gives clear explanations of the mathematical concepts used in investment, and gives several Excel examples, allowing you to practise the techniques described. Part II of this book will be assumed knowledge for the course, and so you should be comfortable with all the concepts before the programme starts. Statistics for Finance is a Masters degree introductory course to statistics which will take place in semester 1. The starting point of the course is Chapter 3 of Statistics and Econometrics: Methods and Applications by Ashenfelter, Levine and Zimmerman (2003). We strongly recommend that you review basic statistics concepts and Chapters 1 and 2 of Ashenfelter et al (2003) in advance of semester 1. Accounting literacy is a pre-requisite for the Analysis of Corporate Financial Information. For students who lack an accounting and financial background coming into this programme, it is imperative that they read an MBA type introductory book on understanding and using financial statements. A very good example is Fraser and Ormiston, Understanding Financial Statements (International edition), Pearson, (US based). Other possible books are: Pendlebury and Groves, Company Accounts: Analysis, Interpretation and Understanding, Thomson, (UK based) Dyson, Accounting for Non-accounting Students, FT Prentice Hall, (UK based, includes management accounting) Stolowy and Lebas, Corporate Financial Accounting; A Global Perspective, Thomson, (more advanced, best international book) White, Sondhi and Friend, The Analysis and Use of Financial statements, 3rd international edition, Wiley, (more advanced, CFA Level 1 & 2 reading)
Students will also find seven accounting clinics on the Penman book website (free of charge once you register as students). As 'light' reading for the beach this summer, we recommend two books that describe financial market 'panics' and give a good idea of how markets work in practice. First, The Great Crash 1929, by JK Galbraith, published by Pelican Books. This describes the events around the US stock market crash of 1929. Secondly, When Genius Failed by R Lowenstein describes the events around the 1998 collapse of the US hedge fund, Long Term Capital Management. These two books read like novels, but are highly informative. They both cost about £10. For those of you who already have experience in financial markets, or those of you who want to read some thought-provoking material on risk, we recommend reading Fooled by Randomness by Nassim Taleb, published by Texere. It costs around £19. This book attempts to show that things are rarely what they appear to be in financial markets (and other aspects of life) and is quite insightful at times. Benjamin Graham's The Intelligent Investor is another classic worth reading. And of course, you should read the
Financial Times
newspaper (or FT.com if the newspaper is unavailable to you) and The Economist magazine each week to keep abreast of economic and market events. A good financial dictionary, such as Moles and Terry The Handbook of International Financial Terms, published by Oxford, will be a useful resource throughout the year 在英国商学院搜出来的，适合读金融方向的看，给MM个参考  | 
京公网安备11010202008513号 京ICP证101109号 京ICP备12012021号
发表于 2008-5-12 13:09:00
