This introductory textbook on derivatives and risk management is accessible in terms of the concepts as well as the mathematics. With its economics perspective, the book is closely connected to real markets, showing how macroeconomic forces have shaped the markets, explaining the major derivative pricing models using algebra and introductory calculus, showing students how to implement these models using basic statistics and elementary Excel spreadsheet skills, and discussing the uses of derivatives while warning against ...
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This introductory textbook on derivatives and risk management is accessible in terms of the concepts as well as the mathematics. With its economics perspective, the book is closely connected to real markets, showing how macroeconomic forces have shaped the markets, explaining the major derivative pricing models using algebra and introductory calculus, showing students how to implement these models using basic statistics and elementary Excel spreadsheet skills, and discussing the uses of derivatives while warning against their abuses. Beginning at a level that is comfortable to lower division college students, the book gradually develops the material 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. While the main text is simple, many advanced topics and research ideas are included within the book in the form of "Extensions" that are optional material. Many of these inserts include current research insights not available in existing textbooks. Additionally, hard-to-teach interest rate derivatives are presented in an intuitive manner. The HeathJarrowMorton model, which is the most advanced derivatives pricing model, is made accessible by presenting it side-by-side with classical option pricing theory.
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Seller's Description:
Fair. This is a USED book, it is subject to external and interior wear including, underlining, highlighting, annotations, water damage, minor scuffs and tears. This is a donated book accepted as is. Stickers and sticker residue on the cover should be expected, as well as spine wear from use. There are NO codes or disc(s) included. All items ship Monday-Friday within 2-3 business days. Thank you for supporting Goodwill of OC.
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
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Good. Ships in a BOX from Central Missouri! May not include working access code. Will not include dust jacket. Has used sticker(s) and some writing and/or highlighting. UPS shipping for most packages, (Priority Mail for AK/HI/APO/PO Boxes).
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Good. Good condition. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains. NOT AVAILABLE FOR SHIPMENT OUTSIDE OF THE UNITED STATES.
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Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
