
To be financially literate, today's business student must understand the basics of derivatives. Derivatives tools and concepts permeate modern finance practice: corporations routinely hedge and insure using derivatives, finance their activities with structured products, and use derivatives models in capital budgeting. Robert L. McDonald has written this new text, Derivatives Markets, to reflect this evolution and to make the study of derivatives as interesting, intuitive, and true to life as possible. Many students taking a derivatives course are challenged by analytical material that stretches their mathematical, statistical, and spreadsheet abilities. Derivatives Markets makes derivatives more comprehensible for these students, and is a suitable text for advanced undergraduate courses as well as both introductory and advanced derivatives courses at the MBA level. Features of Derivatives Markets Reviewer Praise for Derivatives Markets Features of Derivatives Markets:
Back to Top Reviewer Praise for Derivatives Markets: "With the publication of Robert McDonald's Derivatives Markets, we finally have a derivatives text that is a wonderful blend of the economics and mathematics of derivatives pricing and is easily accessible to MBA students and advanced undergraduates." Eduardo S. Schwartz, Anderson Graduate School of Management, University of California, Los Angeles "Bob McDonald is a master teacher and makes the reading effortless and exciting. A terrific book... I highly recommend it" George Constantinides, The University of Chicago "...A quantitative treatment of derivatives that seeks to build intuition and is written for easy accessibility. [The author] seems to want the student to learn the material and invites him/her in a friendly manner into the field of derivatives." David Shimko, Risk Capital Management Partners, LLC and Harvard University "..A refreshing change...While it provides a sufficiently rigorous discussion of the valuation of derivative products...it also offers clear discussion of practical issues and institutional detail needed for someone to understand how these instruments are used." David Haushalter, University of Oregon "I believe the most appealing part of the writing is how replete the text is with intuition and how effortlessly it is woven throughout." Ken Kavajecz, The Wharton School Back to Top © Copyright 2003 AddisonWesley Higher Education Group, a division of Pearson Education, a Pearson plc company. All rights reserved. Legal disclaimer. Email webmaster@awl.com 
